ONWARD Holdings (8016) Q3 2026 earnings summary

Executive summary

• 9M FY2026 sales rose 16.5% YoY to ¥174.725bn; operating profit increased 11.3% to ¥9.529bn and net profit rose 32.1% to ¥7.635bn.

• Winter apparel, stronger strategic brands, e-commerce and shopping-center sales supported growth; efficiency measures and inventory controls supported profitability.

Financial highlights

• Gross profit rose 16.1% to ¥96.907bn; recurring profit increased 11.2% to ¥9.403bn.

• EBITDA increased 10.2% to ¥13.590bn; basic EPS was ¥56.18 versus ¥42.59.

• Extraordinary income was ¥1.967bn, including ¥1.708bn in investment-securities sale gains; extraordinary losses fell 55.6% to ¥1.316bn, including ¥1.289bn in impairment losses.

Outlook and guidance

• FY ending Feb. 28, 2026 forecast unchanged: sales ¥230.0bn, operating profit ¥11.5bn, recurring profit ¥11.0bn, net profit ¥10.0bn and EBITDA ¥17.0bn.

• Annual dividend forecast remains ¥30/share, including ¥14 interim and ¥16 year-end; ¥4 higher YoY.

• Full-year forecast gross margin is 54.8%, operating margin 5.0% and net margin 4.3%; operations will remain flexible, with further emphasis on SG&A efficiency.

• KASHIYAMA targets sales above ¥10bn in FY2026 and ¥30bn by FY2030.