Valor Holdings Co., Ltd. (TYO:9956)

Valor Holdings Income Statement

Financials in millions JPY. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Operating Revenue	817,375	782,601	735,385	708,484	706,331	655,859
Other Revenue	-	25,194	24,591	24,034	23,837	22,237
Revenue	817,375	807,795	759,976	732,518	730,168	678,096
Revenue Growth (YoY)	2.69%	6.29%	3.75%	0.32%	7.68%	19.82%
Cost of Revenue	604,876	573,352	539,963	520,255	519,555	485,339
Gross Profit	212,499	234,443	220,013	212,263	210,613	192,757
Selling, General & Admin	195,441	187,944	179,016	170,745	164,642	158,084
Other Operating Expenses	-26,811	2,024	1,748	1,587	3,601	3,352
Operating Expenses	190,499	211,599	199,951	191,057	184,964	177,241
Operating Income	22,000	22,844	20,062	21,206	25,649	15,516
Interest Expense	-818	-730	-746	-764	-854	-875
Interest & Investment Income	398	393	316	316	319	356
Earnings From Equity Investments	-43	-70	57	85	19	39
Currency Exchange Gain (Loss)	-	-	-	-	-	-710
Other Non Operating Income (Expenses)	3,857	3,167	3,359	3,296	3,263	2,551
EBT Excluding Unusual Items	25,394	25,604	23,048	24,139	28,396	16,877
Gain (Loss) on Sale of Investments	63	18	203	-5	-79	-48
Gain (Loss) on Sale of Assets	11	637	19	42	23	7
Asset Writedown	-4,152	-5,101	-6,314	-3,915	-3,327	-3,504
Other Unusual Items	79	103	374	395	-470	-469
Pretax Income	21,395	21,261	17,330	20,656	24,543	12,863
Income Tax Expense	7,901	8,237	8,055	9,407	9,083	5,535
Earnings From Continuing Operations	13,494	13,024	9,275	11,249	15,460	7,328
Minority Interest in Earnings	-964	-1,079	-1,672	-2,235	-2,868	-851
Net Income	12,530	11,945	7,603	9,014	12,592	6,477
Net Income to Common	12,530	11,945	7,603	9,014	12,592	6,477
Net Income Growth	42.73%	57.11%	-15.65%	-28.41%	94.41%	-18.12%
Shares Outstanding (Basic)	53	54	54	54	54	54
Shares Outstanding (Diluted)	53	54	54	54	54	54
Shares Change (YoY)	-0.67%	-0.24%	-0.02%	0.01%	0.00%	3.90%
EPS (Basic)	235.43	223.01	141.61	167.86	234.51	120.63
EPS (Diluted)	235.41	222.99	141.59	167.82	234.42	120.59
EPS Growth	43.70%	57.49%	-15.63%	-28.41%	94.39%	-21.22%
Free Cash Flow	-	15,043	13,052	22	17,157	8,402
Free Cash Flow Per Share	-	280.85	243.09	0.41	319.53	156.48
Dividend Per Share	66.000	65.000	58.000	56.000	54.000	52.000
Dividend Growth	11.86%	12.07%	3.57%	3.70%	3.85%	8.33%
Gross Margin	26.00%	29.02%	28.95%	28.98%	28.84%	28.43%
Operating Margin	2.69%	2.83%	2.64%	2.89%	3.51%	2.29%
Profit Margin	1.53%	1.48%	1.00%	1.23%	1.72%	0.96%
Free Cash Flow Margin	-	1.86%	1.72%	0.00%	2.35%	1.24%
EBITDA	-	45,285	41,464	42,086	44,317	33,572
EBITDA Margin	-	5.61%	5.46%	5.75%	6.07%	4.95%
D&A For EBITDA	23,220	22,441	21,402	20,880	18,668	18,056
EBIT	22,000	22,844	20,062	21,206	25,649	15,516
EBIT Margin	2.69%	2.83%	2.64%	2.89%	3.51%	2.29%
Effective Tax Rate	36.93%	38.74%	46.48%	45.54%	37.01%	43.03%
Advertising Expenses	-	4,669	4,697	5,080	5,842	8,486

Source: S&P Capital IQ. Standard template. Financial Sources.