# and ST HD vs Onward Holdings

> Unit: JPY millions (ratios in %)
> Periods: and ST HD = FY ending Feb 2026, consolidated, J-GAAP / Onward Holdings = FY ending Feb 2026, consolidated, J-GAAP
> Retrieved: 2026-09-30T18:28:52.924Z

| Metric | and ST HD | Onward Holdings |
| --- | ---: | ---: |
| Revenue | 304,351 | 236,804 |
| Operating income | 16,524 | 11,604 |
| Net income | 9,498 | 10,094 |
| COGS ratio | 45.4% | 45.3% |
| Operating margin | 5.4% | 4.9% |
| Net margin | 3.1% | 4.3% |
| FCF margin | 2.2% | 1.2% |
| Period | FY ending Feb 2026 | FY ending Feb 2026 |
| Source | S100Y5ZC | S100Y6J6 |

## Five-axis industry profile

Each axis shows a rank within that company's primary industry, so peer groups may differ. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

| Axis | and ST HD | Onward Holdings |
| --- | ---: | ---: |
| Revenue growth | 84.5 (55 peers) | 59.1 (55 peers) |
| Profitability | 66.4 (61 peers) | 59.8 (61 peers) |
| Cash conversion | 67 (47 peers) | 37.2 (47 peers) |
| Efficiency | 94.3 (61 peers) | 68 (61 peers) |
| Financial strength | — | — |

## Company details

- https://vizora.meequs.com/en/company/and-st-hd/md
- https://vizora.meequs.com/en/company/onward-holdings/md

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).