Onward : ANNUAL REPORT 2022（7.7 MB）

A N N U A L R E P O R T 2022

Year Ended February 28, 2022

The next potential is in process

Onward Holdings Co., Ltd.

CONTENTS	Corporate Information		Sustainable Management		Segment Information		Corporate Governance		Key Financial Data	01
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The Onward Group's Raison D'etre

(Mission Statement)

Enriching and Adding Color to People's

Lives while Caring for the Planet

The world of today is plagued with various global environmental and social issues,

and we are therefore pressed to take actions specifically for contributing to the realization of a sustainable society.

The Onward Group realizes that sustainable management is an important theme that forms the foundation for its corporate activities.

Accordingly, we will continue to practice management that pursues coexistence with the environment based

on our mission statement of "enriching and adding color to people's lives while caring for the planet."

CONTENTS	Corporate Information		Sustainable Management		Segment Information		Corporate Governance		Key Financial Data	02
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C O N T E N T S

03	12	24	37	44
Corporate	Sustainable	Segment	Corporate	Key Financial
Information	Management	Information	Governance	Data

04 Message from the President	13 Sustainability Vision and	25 Business Segment	38 Corporate Governance	45	11 Years of Key Financial Data
08 Our History	Promotion System	Introductions (Summaries)	42 Message from Outside	46	Analysis of Financial Position,
10 Value Creation Story of the	14 Materiality of the Onward	26 Apparel Business	Director		Operating Results and Cash
Group	Domestic Apparel Business			Flows
Onward Group	43 Management Team
	Overseas Apparel Business
	20 Diversity Management		48	Consolidated Financial
11 Onward at a Glance
Initiatives	30 Lifestyle Business			Statements
	22 Improvement of Traceability /	Wellness Business		52	Our Network
	Pet & Home Life Business
	Respecting Human Rights and
	Beauty & Cosmetics Business		53	Company Information
	Developing the Working
	Gourmet Foods Business
	Environment		54	Stock Information
	Gifts Business

35 Onward Group Key Brands

Forward-

Looking

Statements

The information in this report is not a solicitation to purchase or sell Onward Holdings stock.

Opinions and forecasts stated herein represent the judgments of the Company at the time this report was published. Onward Holdings makes no guarantee regarding the accuracy of the information in this report and may make revisions without prior notice.

Onward Holdings and the providers of this information assume no responsibility whatsoever for any losses incurred in association with this information.

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CONTENTS		Corporate Information		Sustainable Management	Segment Information	Corporate Governance	Key Financial Data
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Corporate Information

CONTENTS Corporate Information

Message from the President

Sustainable Management	Segment Information	Corporate Governance	Key Financial Data	04
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We will complete our global business reforms and make an aggressive comeback aimed at new growth.

Salutations

I would like to express my sincere gratitude for your continued support. We would also like to express our deepest sympathy to everyone who has been affected by the COVID-19 pandemic, and we sincerely hope that the situation will improve as soon as possible.

In April 2021, the Group prepared ONWARD VISION 2030, our medium- to long-term management vision with its final year ending February 28, 2031, and set its new mission statement (raison d'etre) of "enriching and adding color to people's lives while caring for the planet." At present, there is no end in sight for the COVID-19 pandemic, the Japanese yen is rapidly depreciating in foreign exchange markets, and resource prices are skyrocketing due to the situation in Russia and Ukraine. For these reasons, the economic outlook is likely to remain un- certain. However, we will accelerate various initiatives with the aim of realizing ONWARD VISION 2030.

Overview of ONWARD VISION 2030

	The Onward Group's Raison D'etre (Mission Statement)	Desired Image

Enriching and Adding Color to People's Lives while Caring for the Planet

Desired Image of the Onward Group

Evolving into a Customer-Centric Company, Making the Best Use of Employees' Diverse Strengths

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Michinobu Yasumoto

Five Strategies Leading up to FY02/31

1. Transform the Apparel Business Segment's Business Model
2. Accelerate Growth in the Lifestyle Business Segment
3. Strengthen Business-to-Business Operations
4. Evolve into a Company Where Diverse and Unique Personnel Can Exhibit Their Strengths

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President and CEO

5. Promote Sustainable Management That Pursues Coexistence with the Environment