JP-listed companies
VALOR HOLDINGS CO.,LTD.

VALOR HOLDINGS CO.,LTD.JP:9956

Market cap

¥125B

P/E ratio

13.5x

Income statement Balance sheet Cash flow

	Mar 31, 2013	Mar 31, 2014	Mar 31, 2015	Mar 31, 2016	Mar 31, 2017	Mar 31, 2018	Mar 31, 2019	Mar 31, 2020	Mar 31, 2021	Mar 31, 2022	Mar 31, 2023
Net sales	415,832	438,015	454,052	479,934	501,627	524,313	546,264	655,859	706,331	708,484	735,385
Cost of sales	314,631	332,562	341,024	360,223	377,610	394,399	410,407	485,339	519,555	520,255	539,963
Gross profit (loss)	101,201	105,453	113,028	119,711	124,016	129,913	135,856	170,519	186,775	188,228	195,422
Operating revenue	15,386	16,164	16,511	17,529	18,903	19,707	19,666	22,237	23,837	24,034	24,591
Operating gross profit (loss)	116,587	121,617	129,539	137,240	142,919	149,621	155,523	192,757	210,613	212,263	220,014
Selling, general and administrative expenses	100,734	107,330	114,539	120,556	127,480	136,150	141,313	177,241	184,964	191,057	199,951
Advertising expenses	4,601	5,094	5,913	5,946	6,269	7,055	6,296	8,486	5,842	5,080	4,697
Wrapping expenses-SGA	64	79	77	73	99	112	112	38	141	159	151
Supplies expenses	453	559	479	537	659	942	768	1,206	1,405	1,512	1,251
Distribution expenses	368	429	536	618	655	416	932	1,353	1,679	1,864	1,863
Provision for point card certificates	1,046	1,193	1,372	1,679	2,024	2,573	3,075	3,352	3,601	1,587	1,748
Provision of allowance for doubtful accounts	7	10	4	60	2	3	2	2	4	2	-
Remuneration for directors (and other officers)	509	514	515	475	459	445	494	972	988	989	964
Salaries and allowances	40,499	43,234	45,034	47,361	49,615	52,036	53,693	65,435	69,773	73,227	75,264
Bonuses	2,913	2,729	3,329	3,614	3,783	4,064	4,237	5,258	6,120	6,282	6,177
Provision for bonuses	1,907	2,084	2,052	2,181	2,312	2,516	2,166	2,919	3,403	3,226	3,388
Provision for bonuses for directors (and other officers)	153	154	161	163	146	126	557	136	203	179	208
Retirement benefit expenses	554	559	567	598	593	670	690	908	1,240	1,067	1,125
Provision for retirement benefits for directors (and other officers)	61	79	78	90	59	43	32	40	61	-16	42
Legal and other welfare expenses	5,991	6,345	6,875	7,241	7,829	8,194	8,757	11,141	12,099	12,636	13,231
Utilities expenses	7,250	8,110	8,609	8,114	7,594	8,326	8,742	10,014	9,299	10,226	13,691
Rent expenses	16,388	17,078	17,979	19,488	21,296	22,695	23,522	29,330	30,286	31,915	32,937
Repair and maintenance expenses	2,244	2,324	2,468	2,571	2,708	2,981	2,905	4,110	4,758	4,811	4,942
Depreciation	9,105	9,972	10,646	11,250	11,774	12,474	12,896	15,412	16,283	18,071	18,476
Amortization of goodwill	457	159	168	164	153	181	232	391	434	652	711
Other	6,158	6,616	7,667	8,323	9,441	10,289	11,194	16,728	17,336	17,579	19,075
Selling, general and administrative expenses	100,734	107,330	114,539	120,556	127,480	136,150	141,313	177,241	184,964	191,057	199,951
Operating profit (loss)	15,852	14,287	15,000	16,683	15,439	13,470	14,210	15,515	25,648	21,205	20,062
Interest income	150	168	208	113	109	114	108	133	133	134	123
Dividend income	28	29	31	18	33	20	97	223	186	182	193
Administrative service fee income	707	754	814	878	932	990	1,034	1,425	1,576	1,588	1,555
Rental income	852	860	993	811	627	680	769	834	855	648	683
Share of profit of entities accounted for using equity method	3	49	34	-	-	-	32	39	19	85	57
Other	862	1,075	1,196	1,414	1,349	1,205	1,451	1,356	1,927	1,963	1,845
Non-operating income	2,953	3,193	3,569	3,235	3,052	3,010	3,492	4,013	4,698	4,603	4,460
Other	862	1,075	1,196	1,414	1,349	1,205	1,451	1,356	1,927	1,963	1,845
Non-operating income	2,953	3,193	3,569	3,235	3,052	3,010	3,492	4,013	4,698	4,603	4,460
Interest expenses	648	758	801	791	714	693	686	875	854	764	746
Rental costs on real estate	1,261	1,283	1,481	1,034	509	524	612	696	680	497	492
Other	51	127	179	434	459	234	312	367	415	405	234
Foreign exchange losses	-	-	-	-	-	-	56	710	-	-	-
Non-operating expenses	1,961	2,169	2,461	2,332	1,729	1,543	1,611	2,650	1,950	1,668	1,473
Other	51	127	179	434	459	234	312	367	415	405	234
Non-operating expenses	1,961	2,169	2,461	2,332	1,729	1,543	1,611	2,650	1,950	1,668	1,473
Ordinary profit (loss)	16,844	15,311	16,108	17,586	16,762	14,937	16,091	16,878	28,397	24,140	23,049
Gain on sale of non-current assets	65	8	3	9	22	12	15	10	47	84	29
Gain on sale of investment securities	-	-	-	-	-	89	16	2	42	1	39
Subsidy income	98	31	577	97	228	193	179	283	467	582	293
Gain on bargain purchase	-	48	116	-	-	-	27	40	17	-	1
Penalty income	12	19	24	16	17	31	36	150	170	77	263
Penalty income	12	19	24	16	17	31	36	150	170	77	263
Gain on reversal of share acquisition rights	-	-	-	-	-	-	-	-	-	-	101
Other	13	26	43	-	39	52	60	138	50	95	64
Subsidy income	98	31	577	97	228	193	179	283	467	582	293
Extraordinary income	190	180	765	188	307	502	334	930	898	841	957
Gain on reversal of foreign currency translation adjustment-EI	-	-	-	-	-	-	-	-	-	-	163
Gain on reversal of share acquisition rights	-	-	-	-	-	-	-	-	-	-	101
Other	13	26	43	-	39	52	60	138	50	95	64
Extraordinary income	190	180	765	188	307	502	334	930	898	841	957
Loss on sale of non-current assets	112	-	55	1	-	-	5	3	24	42	10
Loss on retirement of non-current assets	73	154	252	35	106	150	106	218	287	186	154
Impairment losses	936	634	841	681	663	2,943	2,707	3,065	2,843	3,308	5,939
Loss on valuation of investment securities	-	387	15	1	3	56	-	90	138	6	-
Loss on tax purpose reduction entry of non-current assets	-	31	572	151	228	169	144	221	197	421	221
Impairment losses	936	634	841	681	663	2,943	2,707	3,065	2,843	3,308	5,939
Loss on valuation of investment securities	-	387	15	1	3	56	-	90	138	6	-
Loss on tax purpose reduction entry of non-current assets	-	31	572	151	228	169	144	221	197	421	221
Other	275	224	102	263	177	229	538	707	557	358	349
Provision of allowance for doubtful accounts	-	-	46	196	20	60	-	-	-	-	-
Extraordinary losses	1,522	1,400	1,840	1,331	1,199	3,610	3,503	4,944	4,751	4,324	6,675
Other	275	224	102	263	177	229	538	707	557	358	349
Extraordinary losses	1,522	1,400	1,840	1,331	1,199	3,610	3,503	4,944	4,751	4,324	6,675
Profit (loss) before income taxes	15,512	14,092	15,032	16,443	15,870	11,829	12,922	12,863	24,544	20,657	17,331
Income taxes - current	6,519	6,002	5,276	5,655	5,819	5,312	5,700	6,439	10,877	7,985	8,633
Income taxes - deferred	791	-1,105	492	51	-519	-1,087	-744	-903	-1,793	1,421	-578
Income taxes	7,311	4,897	5,768	5,706	5,300	4,225	4,956	5,535	9,083	9,407	8,055
Profit (loss)	-	-	9,264	10,736	10,570	7,604	7,966	7,328	15,461	11,250	9,276
Profit (loss) attributable to non-controlling interests	-	-	49	-23	47	33	56	851	2,868	2,235	1,672
Profit (loss) attributable to owners of parent	-	-	9,214	10,759	10,522	7,570	7,910	6,477	12,592	9,014	7,603