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

Valor Holdings Cash Flow Statement

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

Operating Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	26,299	22,435	21,262	17,331	20,657
Depreciation & Amortization	27,141	23,854	22,441	21,402	20,880
Loss (Gain) From Sale of Assets	3,778	3,717	5,101	6,314	3,915
Loss (Gain) From Sale of Investments	-	-	-	-	6
Loss (Gain) on Equity Investments	-37	-61	70	-57	-85
Other Operating Activities	-8,815	-8,189	-8,344	-7,290	-12,776
Change in Accounts Receivable	-4,609	-4,063	-6,729	-1,869	-987
Change in Inventory	-1,540	-1,358	-2,391	-3,733	-3,206
Change in Accounts Payable	5,778	-627	8,106	3,722	-5,178
Change in Other Net Operating Assets	2,188	2,063	-1,067	409	1,135
Operating Cash Flow	50,183	37,771	38,449	36,229	24,361
Operating Cash Flow Growth	32.86%	-1.76%	6.13%	48.72%	-44.81%

Investing Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Capital Expenditures	-39,509	-32,672	-23,406	-23,177	-24,339
Sale of Property, Plant & Equipment	308	755	1,697	232	228
Cash Acquisitions	-3,301	-4,893	-1,472	-112	-1,570
Sale (Purchase) of Intangibles	-1,067	-1,364	-1,795	-2,299	-2,506
Investment in Securities	29	316	224	-148	-107
Other Investing Activities	-1,602	-1,537	-1,272	-233	918
Investing Cash Flow	-44,968	-39,892	-26,055	-25,717	-26,729

Financing Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Short-Term Debt Issued	-	991	2,100	2,200	7,000
Long-Term Debt Issued	31,211	19,900	12,471	10,100	31,750
Total Debt Issued	31,211	20,891	14,571	12,300	38,750
Short-Term Debt Repaid	-3,657	-700	-	-	-2,121
Long-Term Debt Repaid	-15,795	-14,973	-12,805	-17,942	-33,992
Total Debt Repaid	-19,452	-15,673	-12,805	-17,942	-36,113
Net Debt Issued (Repaid)	11,759	5,218	1,766	-5,642	2,637
Issuance of Common Stock	10	9	17	16	15
Repurchase of Common Stock	-	-2,119	-	-300	-
Common Dividends Paid	-3,914	-3,524	-3,172	-3,066	-2,958
Other Financing Activities	-3,267	-4,275	-3,169	-3,337	-3,809
Financing Cash Flow	4,588	-4,691	-4,558	-12,329	-4,115

Net Cash Flow

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Foreign Exchange Rate Adjustments	-62	-2	4	-76	-
Miscellaneous Cash Flow Adjustments	-1	-	-1	-1	1
Net Cash Flow	9,740	-6,814	7,839	-1,894	-6,482

Free Cash Flow

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Free Cash Flow	10,674	5,099	15,043	13,052	22
Free Cash Flow Growth	109.34%	-66.10%	15.25%	59227.27%	-99.87%
Free Cash Flow Margin	1.16%	0.60%	1.86%	1.72%	0.00%
Free Cash Flow Per Share	202.65	96.21	280.85	243.09	0.41
Levered Free Cash Flow	8,740	-1,922	9,684	7,173	-7,350
Unlevered Free Cash Flow	9,650	-1,318	10,141	7,639	-6,872

Additional Metrics

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash Interest Paid	1,406	961	716	733	753
Cash Income Tax Paid	8,942	8,206	8,431	7,477	12,687
Change in Working Capital	1,817	-3,985	-2,081	-1,471	-8,236

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 23, 2026

Data Sources Report a data error