Onward Holdings Co., Ltd. Financial Summary for the Second Quarter (Interim) of the Fiscal Year Ending February 2027

Overview of Results

For the interim period, consolidated net sales were 117,525 million yen, up 4.3% year-over-year. Operating income was 6,139 million yen (YoY +7.0%), ordinary income was 5,936 million yen (YoY +7.5%), and net income attributable to owners of parent for the interim period was 5,625 million yen (YoY +16.6%), resulting in increased profit. EBITDA was 8,961 million yen (YoY +6.6%), continuing to show growth. By segment, domestic operations posted higher revenues and profits, while overseas operations saw revenue increase but an expansion of losses. The equity ratio at the end of the interim period was 52.5%.

Outlook and Dividends

The full-year forecast remains unchanged from the April 2026 announcement. However, the dividend forecast was revised to reflect a 100th anniversary commemorative dividend, with details included in the breakdown of year-end dividends. While the current earnings outlook is solid, impacts from rising raw material costs and inventory normalization continue. The company will continue growth strategies including new business creation and M&A.