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VALOR HOLDINGS, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 20%, Oct-Dec Ordinary Profit Increases by 15%
9956 VALOR HOLDINGS CO.,LTD. 【J-GAAP】
Earnings ReportVALOR HOLDINGS CO.,LTD. <9956> [TSE Prime] announced its financial results in the afternoon session on February 12th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 19.9% from the same period last year, reaching 24.7 billion yen. Progress toward the full-year plan of 28.0 billion yen was 88.3%, also surpassing the five-year average of 82.5%.
Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to drop 40.9% from the same period last year to 3.29 billion yen.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 14.5% from the same period last year, reaching 9.62 billion yen. The operating profit margin remained almost flat, changing from 3.5% in the same period last year to 3.7%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 610,575 | 18,362 | 20,587 | 11,188 | 208.9 | 80.4 | Feb 9, 2024 | J-GAAP |
| Apr - Dec, 2024 | 646,966 | 18,327 | 20,612 | 11,773 | 221.7 | 78.7 | Feb 12, 2025 | J-GAAP |
| Apr - Dec, 2025 | 693,822 | 23,076 | 24,710 | 14,397 | 273.3 | 88.3 | Feb 12, 2026 | J-GAAP |
| YoY | +7.2% | +25.9% | +19.9% | +22.3% | +23.3% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2024 | 432,419 | 12,757 | 13,970 | 6,918 | 130.5 | 39 | May 13, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 451,458 | 11,152 | 12,914 | 5,723 | 108.7 | 35 | Nov 14, 2025 | J-GAAP |
| YoY | +4.4% | -12.6% | -7.6% | -17.3% | -16.8% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 807,795 | 22,844 | 25,604 | 11,945 | 223.0 | 65 | May 14, 2024 | J-GAAP |
| Mar, 2025 | 854,435 | 23,191 | 26,179 | 13,654 | 257.7 | 68 | May 13, 2025 | J-GAAP |
| Mar, 2026 Guidance | 902,000 | 25,200 | 28,000 | 14,000 | 265.8 | 70 | May 13, 2025 | J-GAAP |
| YoY | +5.6% | +8.7% | +7.0% | +2.5% | +3.2% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 224,950 | 7,893 | 8,403 | 5,037 | 94.9 | 3.5 | Feb 12, 2025 | J-GAAP |
| Jan - Mar, 2025 | 207,469 | 4,864 | 5,567 | 1,881 | 35.5 | 2.3 | May 13, 2025 | J-GAAP |
| Apr - Jun, 2025 | 221,546 | 7,045 | 7,218 | 3,875 | 73.6 | 3.2 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 228,996 | 7,003 | 7,868 | 4,402 | 83.6 | 3.1 | Nov 14, 2025 | J-GAAP |
| Oct - Dec, 2025 | 243,280 | 9,028 | 9,624 | 6,120 | 116.2 | 3.7 | Feb 12, 2026 | J-GAAP |
| YoY | +8.1% | +14.4% | +14.5% | +21.5% | +22.5% |
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