Expert on Japan Retail and Consumer Markets, JapanConsuming

Michael Causton

Expert on Japan Retail and Consumer Markets

Real Insight on Japanese Consumer Markets

JapanConsuming

JapanConsuming is a specialist research firm producing intelligence on Japanese retail and consumer markets. Founded in 2000, JapanConsuming has become the leading provider of insights on Japanese retailers and consumer trends to retailers, brands, government agencies and investors. As well as a highly regarded monthly report on the market, JapanConsuming produces in-depth reports on retail sectors, seminars on key trends and telephone consulting to investors on trends and retailers.

JapanConsuming was founded by Michael Causton and Roy Larke. 

Equity Bottom-Up

<ul>
<li>Most of Onward’s current customers are in their 40s and older but the purchase of casual clothing retailer, Wego, increases its exposure to people in their teens and 20s. </li>
<li>It will accelerate development of new omnichannel brands to match as part of plans to grow sales by 50% in the next six years and more than double operating profits.</li>
<li>Onward itself has been transformed by a switch to omnichannel and after years of slashing stores and sales now looks set to become a growth business again.</li>
</ul>


Most of Onward’s current customers are in their 40s and older but the purchase of casual clothing retailer, Wego, increases its exposure to people in their teens and 20s. 
It will accelerate development of new omnichannel brands to match as part of plans to grow sales by 50% in the next six years and more than double operating profits.
Onward itself has been transformed by a switch to omnichannel and after years of slashing stores and sales now looks set to become a growth business again.


Research Coverage of Japanese Listed Companies, Shared Research Inc

Shared Research

Research Coverage of Japanese Listed Companies

Shared Research Inc

Pioneering research coverage of Japanese listed companies. Now customizable and interactive for global institutional investors. Corporate access reimagined.

<ul><li>Onward's FY02/25 forecast: sales JPY210.0bn (+10.7% YoY), operating profit JPY12.5bn (+11.0% YoY), net income JPY8.3bn (+24.8% YoY).</li><li>Q2 FY02/25 sales JPY43.7bn (+8.0% YoY), operating profit JPY181mn, first Q2 profit in 17 years.</li><li>Onward made Wego Co., Ltd. a consolidated subsidiary in Q3 FY02/25, revising full-year sales forecast upward.</li></ul>

Onward's FY02/25 forecast: sales JPY210.0bn (+10.7% YoY), operating profit JPY12.5bn (+11.0% YoY), net income JPY8.3bn (+24.8% YoY).Q2 FY02/25 sales JPY43.7bn (+8.0% YoY), operating profit JPY181mn, first Q2 profit in 17 years.Onward made Wego Co., Ltd. a consolidated subsidiary in Q3 FY02/25, revising full-year sales forecast upward.

Onward Holdings (8016 JP): 1H FY02/25 flash update

<ul><li>Sales rose JPY1.5bn YoY (+2.9% YoY) to JPY51.4bn, driven by higher sales in domestic and overseas apparel businesses.</li><li>Operating profit decreased JPY306mn YoY (-5.7% YoY) to JPY5.1bn due to a decline in domestic profit and wider overseas losses.</li><li>Full-year forecasts revised for recurring profit and net income attributable to owners of the parent, reflecting better-than-expected affiliate performance.</li></ul>

Sales rose JPY1.5bn YoY (+2.9% YoY) to JPY51.4bn, driven by higher sales in domestic and overseas apparel businesses.Operating profit decreased JPY306mn YoY (-5.7% YoY) to JPY5.1bn due to a decline in domestic profit and wider overseas losses.Full-year forecasts revised for recurring profit and net income attributable to owners of the parent, reflecting better-than-expected affiliate performance.

Onward Holdings (8016 JP): Q1 FY02/25 flash update

Thematic (Sector/Industry)

<ul>
<li>The following is an in-depth review of the Japanese retail sector in 2021-22 and is designed to provide a complete overview for any investor in Japanese retail/consumer markets.</li>
<li>FY2021-22 proved a rebound year for retailers at the sector level. But on a company by company basis, there has been radical divergence between the best and the rest. </li>
<li>We look at the reasons for this divergence and the implications for Japanese retail and consumer firms in the years ahead.</li>
</ul>


The following is an in-depth review of the Japanese retail sector in 2021-22 and is designed to provide a complete overview for any investor in Japanese retail/consumer markets.
FY2021-22 proved a rebound year for retailers at the sector level. But on a company by company basis, there has been radical divergence between the best and the rest. 
We look at the reasons for this divergence and the implications for Japanese retail and consumer firms in the years ahead.


Japanese Retailing 2021-22: What's Really Going on and What's Next?

<ul>
<li>Until recently, Onward Holdings looked set for a gradual decline into insignificance like its main channel of regional department stores. </li>
<li>But Onward has instead become an exemplar of how to make omnichannel retailing work, with growing sales across both online and a burgeoning new store network.</li>
<li>Like some other old apparel firms, Onward is showing that there is significant upside top and bottom line growth in premium apparel markets.</li>
</ul>


Until recently, Onward Holdings looked set for a gradual decline into insignificance like its main channel of regional department stores. 
But Onward has instead become an exemplar of how to make omnichannel retailing work, with growing sales across both online and a burgeoning new store network.
Like some other old apparel firms, Onward is showing that there is significant upside top and bottom line growth in premium apparel markets.


Japan

ONWARD HOLDINGS CO., LTD. manufactures men's ready-made suits, women's, and children's wear.  The Company has its own brands, Onward and KUMIKYOKU. Onward also manufactures sports goods, books, stationery, cosmetics, art decoration.

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Onward Holdings (8016 JP)

Onward Goes Young with Wego

Onward's acquisition of Wego aims to attract younger customers, drive sales growth (50% forecast), and transform into a thriving omnichannel...

Michael Causton