Main Subsidiaries As of August 31, 2019

Japan Overseas

Onward Kashiyama Co., Ltd. Kokobuy Inc. 3-10-5 , Chuo-ku, 103-8239, Japan 6th Floor, Daikanyama Front, 16-2 Daikanyama-cho, Europe Asia United States Tel: (81) 3-4512-1020 -ku, Tokyo 150-0034, Japan Tel: (81) 3-6696-3547 Onward Italia S.p.A. Onward Fashion Trading J. Press, Inc. Onward Trading Co., Ltd. Via Della Spiga 9, 20121 Milano, Italy (China) Co., Ltd. 8W 38th Street Suite 200, Tel: (39) 02-783-667 12th Floor, Onward Building, New York, NY 10018, U.S.A. 2-10-10 , Chiyoda-ku, Tokyo 102-8115, Japan Yamato Co., Ltd. No. 1238, Danba Road, Putuo District, Tel: (1) 212-997-3600 Tel: (81) 3-5266-1333 1178-11 Toyoshinatakibe, Azumino City, Nagano 399-8204, Japan Shanghai 200333, People’s Republic of China Tel: (81) 263-71-3600 Onward Luxury Group S.p.A. Tel: (86) 21-6472-3660 Island Co., Ltd. Via Cassia 69, 50029 Tavarnuzze, Firenze, Italy Onward U.S.A. L.L.C. Tel: (39) 055-237-2020 8W 38th Street Suite 200, Fiore Daikanyama Building, 6-6 Daikanyama-cho, Kashiyama Daikanyama Co., Ltd. Shanghai Onward Fashion Co., Ltd. New York, NY 10018, U.S.A. Shibuya-ku, Tokyo 150-0034, Japan 14-18 Daikanyama-cho, Shibuya-ku, Tokyo 150-0034, Japan 13th Floor, Onward Building, Tel: (1) 212-997-3600 Tel: (81) 3-3780-6805 Tel: (81) 3-5784-1287 Jil Sander S.p.A. No. 1238, Danba Road, Putuo District, Foro Buonaparte 71, 20121 Milano, Italy Shanghai 200333, People’s Republic of China Tel: (39) 02-8069131 Onward Beach Resort Guam, Inc. Onward International Onward Creative Center Co., Ltd. Tel: (86) 21-6466-6466 445 Governor Carlos G. Camacho Road, 3-10-5 Nihonbashi, Chuo-ku, Tokyo 103-8239, Japan Fashion Co., Ltd. Tamuning, Guam 96913, U.S.A. Tel: (81) 3-4512-1140 Erika s.r.l. 3-26-8 , Shibuya-ku, Tokyo 151-0051, Japan Onward Trading Tel: (1) 671-647-7777 Tel: (81) 3-5770-5370 Via Boschi n. 42bis 37060, (Shanghai) Co., Ltd. Bien Co., Ltd. Maccacari di Gazzo Veronese - (VR), Italy Tel: (39) 0442-56666 14th Floor, Onward Building, Onward Golf Resort Guam, Inc. 3-10-5 Nihonbashi, Chuo-ku, Tokyo 103-8239, Japan Onward Fashion Lab Co., Ltd. No. 1238, Danba Road, Putuo District, 825 Route 4A, Talofofo, Guam 96915, U.S.A. Tel: (81) 3-4512-1120 3-26-8 Sendagaya, Shibuya-ku, Tokyo 151-0051, Japan Shanghai 200333, People’s Republic of China Tel: (1) 671-789-5555 Tel: (81) 3-5770-5358 Frassineti s.r.l. Tel: (86) 21-6271-3535 Onward Resort & Golf Co., Ltd. Via Enrico Fermi, 7 50068 Rufina Firenze, Italy Tel: (39) 055-839-7385 Onward Mangilao Guam, Inc. 3-10-5 Nihonbashi, Chuo-ku, Tokyo 103-8239, Japan Intimates Co., Ltd. Kashiyama (Dalian) Co., Ltd. 1810 Route 15, Pagat Mangilao, 6th Floor, VORT Building, 3-10-9 Aobadai, Tel: (81) 3-4512-1130 North Tie Shan Xi Road, Dalian Economic and Technical Freeland s.r.l. Guam 96913, U.S.A. Meguro-ku, Tokyo 153-0042, Japan Development Zone, Dalian 116601, Tel: (1) 671-734-1111 Tel: (81) 3-5428-6611 O & K Co., Ltd. Via G. da Verrazzano 4/6/8, 50054, Fucecchio Firenze, Italy People’s Republic of China Tel: (39) 057-124-4337 Tel: (86) 411-8761-2098 3-10-5 Nihonbashi, Chuo-ku, Tokyo 103-8239, Japan Onward Personal Style Co., Ltd. Tel: (81) 3-4512-1130 3-9-32 Kaigan, Minato-ku, Tokyo 108-8439, Japan Joseph Ltd. Onward Kashiyama Tel: (81) 3-5476-6131 Onward Life Design Network Co., Ltd. Unit 11, 50 Carnwath Road, Hong Kong Ltd. London SW6 3JX, U.K. 3-10-5 Nihonbashi, Chuo-ku, Tokyo 103-8239, Japan Unit 1208-9, Lippo Sun Plaza, Tel: (44) 20-7736-2522 Onward J Bridge Co., Ltd. Tel: (81) 3-4512-1133 28 Canton Road, Tsim Sha Tsui, Kowloon, Hong Kong, People’s Republic of China 3-9-32 Kaigan, Minato-ku, Tokyo 108-8439, Japan Tel: (852) 2367-2055 Tel: (81) 3-5476-5370 Freed of London Ltd. 35 Rydal Street, Tiaclasse Inc. Leicester LE2 7DS, U.K. Onward Kashiyama Vietnam Ltd. Tel: (44) 116-254-8010 10th Floor, 60 Nguyen Dinh Chieu Street, Senri Asahi Hankyu Building, 1-5-3 Shinsenri Higashimachi, Da Kao Ward, District 1, Ho Chi Minh City, Vietnam Toyonaka-shi, Osaka 560-0082, Japan Tel: (84) 28-3911-8857 Tel: (81) 6-6873-5566 La Maison Moreau S.A.S. 14 Rue de Savoie, 75006 Paris, France Mulberry Japan Co., Ltd. Tel: (33) 1-8565-8410 3-26-8 Sendagaya, Shibuya-ku, Tokyo 151-0051, Japan Tel: (81) 3-5770-5380 Horloge Saint Benoit S.A.S. 22, Rue Saint Benoit, 75006 Paris, France Kashiyama Saga Co., Ltd. Tel: (33) 1-4544-1118 6656 Tachibanacho Nagashima, Takeo City, Saga 843-0014, Japan Tel: (81) 954-23-2118

Chacott Co., Ltd. 1-20-8 Jinnan, Shibuya-ku, Tokyo 150-0041, Japan Tel: (81) 3-3476-1411

Creative Yoko Co., Ltd. 667-16 Takada, Nagano City, Nagano 381-8545, Japan Tel: (81) 26-226-2001

90 Onward Holdings Co., Ltd. Annual Report 2019 Onward Holdings Co., Ltd. Annual Report 2019 91