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VALOR HOLDINGS, First Half Ordinary Profit Increases by 24%

Fri Nov 14, 2025 1:00 pm JST Earnings

9956 VALOR HOLDINGS CO.,LTD. 【J-GAAP】

Earnings Report

VALOR HOLDINGS CO.,LTD. <9956> [TSE Prime] announced its financial results in the afternoon session on November 14th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 23.6% from the same period last year, reaching 15.0 billion yen, exceeded the previous forecast of 12.8 billion yen.

Progress toward the full-year plan of 28.0 billion yen was 53.9%, almost the same as the five-year average of 52.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 7.6% from the same period last year to 12.9 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 24.4% from the same period last year, reaching 7.86 billion yen. The operating profit margin improved from 2.4% in the same period last year to 3.1%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 399,140 11,142 12,643 6,627 123.8 49.4 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 422,016 10,434 12,209 6,736 126.3 46.6 Nov 12, 2024 J-GAAP
Apr - Sep, 2025 450,542 14,048 15,086 8,277 157.2 53.9 Nov 14, 2025 J-GAAP
YoY +6.8% +34.6% +23.6% +22.9% +24.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 445,500 10,800 12,800 7,400 140.5 35 May 13, 2025 J-GAAP
Apr - Sep, 2025 Results 450,542 14,048 15,086 8,277 157.2 35 Nov 14, 2025 J-GAAP
Revision Rate +1.1% +30.1% +17.9% +11.9% +11.9%

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
Jul - Sep, 2024 214,566 5,237 6,323 3,449 64.7 2.4 Nov 12, 2024 J-GAAP
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
YoY +6.7% +33.7% +24.4% +27.6% +29.2%

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