Onward GroupNew Medium-Term Three-Year Plan
(FY02/13 through FY02/15)

Onward’s Vision of Growth
Strengthen both domestic and overseas businesses. Aim to achieve all-time highfinancial results by growing recurring profit by 30% p.a. on average, driven by
aggressive sales expansion
At the overseas business, move to a global growth stage with a starting point inEurope, with overseas operations delivering 25% of the Group’s sales and profits
At the domestic business, improve profitability through structural reform of existing
businesses and enhance growth potential via new businesses and M&A

Enter a growth stage with “fashion” at its baseAiming to become the “World Wide Onward"(c) Copyright 2007-2012 ONWARD HOLDINGS CO.,LTD.

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Consolidated Performance Targets
Targeting sales of 350 billion yen and recurring of 28 billion yen(c) Copyright 2007-2012 ONWARD HOLDINGS CO.,LTD.

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Sales Targets
SalesSales(c) Copyright 2007-2012 ONWARD HOLDINGS CO.,LTD.

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Recurring Profit Targets
Recurring
RecurringProfit
Profit(c) Copyright 2007-2012 ONWARD HOLDINGS CO.,LTD.

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Core Growth Strategies (Domestic)
OnwardOnwardKashiyamaKashiyama
Improve cost efficiency of existing and new operations by shifting staff from existing
businesses to new businesses and growth areas.
Expand the growth base by developing new customer-centric retail business that goesbeyond our traditional business channels
In order to elevate the precision of brand-driven management, accelerate growth of existing
brands and development of new brands, all the while reviewing brands with poor growthprospects

Other
OtherDomestic
Domestic
Along with ensuring the growth strategy for each company, build the retail business as a part of
the group-level strategy going beyond each individual company’s boundaries (e.g., a new store
type with fashion apparel, dance-related items, and pet clothing – all in a single store setting)(c) Copyright 2007-2012 ONWARD HOLDINGS CO.,LTD.

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Core Growth Strategies (Overseas)
EuropeEurope
GIBO‘CO: Strengthen the manufacturing base. Work to achieve stable earnings growth bypursuing new business opportunities (acquiring new licenses, retailing, etc.) while improving theeffectiveness of the company as the group’s manufacturing platform in Europe.
Jil Sander: With the brand founder( Ms. Jil Sander) on board, expand both wholesale and retailsides of the business by boosting the Collection line, establishing Jil Sander Navy line as anindependent brand, and opening flagship stores in New York and Tokyo.

JOSEPH: Increase the pace of global expansion and grow direct retail and franchise
operations in key regions (North America, Russia, Germany, and Asia). Increase the brand’scachet by participating in the 2013 Spring/Summer London Fashion Week.

(c) Copyright 2007-2012 ONWARD HOLDINGS CO.,LTD.

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Core Growth (Overseas)
USUSJ. Press: Establish a new USA line in 2013, and launch both in retail and wholesale channels.
ICB New Line: Establish design and development base in New York. Open retail spaces inBarneys New York department stores and specialty stores in the US, while also planning toopen a flagship store in New York.

Asia
Asia
Manufacturing business: Build a highly profitable manufacturing base by continuing to focus on
low cost operations and gaining own independent production capability, with sights on expansionof manufacturing operations into the ASEAN region.
Sales business: Aggressively expand store network, both geographically and developing newbrands. Grow sales per store by increasing average store size.
Aim to grow earnings through new businesses (wholesale and e-commerce)(c) Copyright 2007-2012 ONWARD HOLDINGS CO.,LTD.

8The information in this presentation is not a solicitation to purchase or sell Onward Holdings stock.
Opinions, forecasts, and other statements not based on historical facts represent the judgmentsof the company at the time this presentation was prepared. Onward Holdings makes no guarantee
regarding the accuracy of the information in this presentation and may make revisions without priornotice. Onward Holdings and the providers of this information assume no responsibility whatsoever
for any losses incurred in association with this information.

(c) Copyright 2007-2012 ONWARD HOLDINGS CO.,LTD.

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