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Presentation materials for financial results9270Valuence Holdings Inc.Trading & Wholesale

Financial Results Briefing Materials for the Fiscal Year Ending August 2026

For the fiscal year ended August 2026, revenue was ¥106.6 billion and operating profit was ¥5.7 billion. Operating profit was 4.0 times the previous fiscal year, reaching a record high. For the fiscal year ending August 2027, the company plans to expand its retail operations and overseas sourcing, targeting revenue of ¥115.0 billion and operating profit of ¥6.75 billion.

Worth reading
68In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
57
Hundreds of millions of yen
Wording
Conditional
How definitive the wording is.

Contents of this document

Presentation materials for financial resultsFiscal year ending August 202613 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥106,656 million+25.7%
Operating profit¥5,780 million+300.0%
Ordinary income¥5,399 million+310.0%
Net income¥3,073 million+350.0%
Gross Profit Margin26.3 % / percentage points
Operating profit margin5.4 % / percentage points
Selling, general and administrative expenses¥22,283 million
Results for the three months of the current quarter
Net Sales
¥26,700 million+22.8%
Operating profit
¥506 million+200.0%
Ordinary income
¥268 million+194.0%
Profit attributable to owners of the parent
¥-241 million
Gross Profit Margin
24.6 %
yoy_change_points0.1
Full-year earnings forecast
Net Sales
¥115,000 million
Operating profit
¥6,750 million
Ordinary income
¥6,190 million
Net income
¥4,000 million
Gross profit
¥30,500 million
Selling, general and administrative expenses
¥23,750 million
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales100.6 %
Cost of sales100.7 %
Gross profit100.4 %
Selling, general and administrative expenses99.3 %
Operating profit105.1 %
Ordinary income102.7 %
Net income102.4 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Above plan
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • Bullion prices
    AssumptionsFY26-end market conditions persist
  • New domestic store openings10～15
  • New overseas store openings15 or more
  • Number of countries with overseas stores20 or more
New initiatives
  • Accelerate new store openings at purchasing outlets in Japan and overseas
  • Strengthen cross-border e-commerce and retail platforms
  • Expand SaaS-based auction functions, membership fees and other offerings
  • Opening of a なんぼや store with an adjoining repair workshop in July 2026
  • First store openings in Taiwan and Malaysia
  • Obtaining SBT certification and revising GHG emissions reduction targets
  • Increase the proportion of outside directors and female directors on the board
Key KPIsA metric the company considers important as a management benchmark.
  • GMV1,296 Hundreds of millions of yen
    Year on year against the same period last year+27.1%
  • Auction consignment proceeds276 Hundreds of millions of yen
    Year on year against the same period last year+32.3%
  • Auction consignment ratio44.8 %
  • Retail sales258 Hundreds of millions of yen
    Year on year against the same period last year+47.8%
  • Retail sales ratio24.3 %
    Year-on-year change (percentage points)3.6
  • B2B auction sell-through rate97.7 %
  • Number of overseas partners1,762 companies
    Year on year against the same period last year+23.6%
Medium-term management plan targets
  • Auction consignment ratio
    FY26 actual44.8
    FY27 target40% or more
  • Retail sales ratio
    FY26 actual24.3
    FY27 target25% or higher
  • Sourcing ratio excluding なんぼや
    FY26 actual19.6
    FY27 target25% or higher
  • Repeat customer ratio
    FY26 actual49.6
    FY27 target50% or higher
  • Overseas sourcing growth rate
    FY26 actualCAGR 28.3%
    FY27 targetCAGR of 25% or more
Financial targets
Actual results
Equity ratio27.9 %
ROE34.9 %
Market Size / Share
  • Global luxury secondary market
    2021¥5.9 trillion BPO market
    2024¥8.6 trillion
  • CAGR of the global luxury secondary market13 %
Number of stores and locations
Number of Stores at Period-End205 Location
Number of domestic purchasing stores143 Location
Number of overseas purchasing stores62 Location
FY26 Store Openings
Domestic2
Overseas expansion4
FY26 Store Closures
Domestic5
Overseas expansion5
Number of employees
Consolidated, full-time employees1,209 People
Hiring planContinue active hiring
Capital expenditures
¥648 million
DetailsExpenditures for the acquisition of property, plant and equipment
Annual Dividend
FY27 Year-End Dividend Forecast¥55 per share
Payout ratio
FY27 forecast18.1 %
Acquisition of treasury shares
The company mentioned share buybacks in FY26. The amount, number of shares and period for the buyback authorization are Not disclosed
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredFiscal year ending August 2026
Net Sales¥106,656 million (YoY +25.7%)
Operating profit¥5,780 million (YoY +300.0%)
Ordinary income¥5,399 million (YoY +310.0%)
Net income¥3,073 million (YoY +350.0%)
Gross Profit Margin26.3 % / percentage points
Operating profit margin5.4 % / percentage points
Selling, general and administrative expenses¥22,283 million
Results for the three months of the current quarterNet Sales ¥26,700 million (YoY +22.8%) / Operating profit ¥506 million (YoY +200.0%) / Ordinary income ¥268 million (YoY +194.0%) / Profit attributable to owners of the parent ¥-241 million / Gross Profit Margin 24.6 %
Full-year earnings forecastNet Sales ¥115,000 million / Operating profit ¥6,750 million / Ordinary income ¥6,190 million / Net income ¥4,000 million / Gross profit ¥30,500 million / Selling, general and administrative expenses ¥23,750 million
Progress against full-year forecastNet Sales 100.6 % / Cost of sales 100.7 % / Gross profit 100.4 % / Selling, general and administrative expenses 99.3 % / Operating profit 105.1 % / Ordinary income 102.7 % / Net income 102.4 %
Self-assessment against the planAbove plan
Key KPIsGMV 1,296 Hundreds of millions of yen, Auction consignment proceeds 276 Hundreds of millions of yen, Auction consignment ratio 44.8 %, Retail sales 258 Hundreds of millions of yen, Retail sales ratio 24.3 %, B2B auction sell-through rate 97.7 %, Number of overseas partners 1,762 companies
Number of stores and locationsNumber of Stores at Period-End 205 Location / Number of domestic purchasing stores 143 Location / Number of overseas purchasing stores 62 Location / FY26 Store Openings Domestic 2 / Overseas expansion 4 / FY26 Store Closures Domestic 5 / Overseas expansion 5
Number of employees1,209 People
Assumptions Underlying the Business OutlookItem Bullion prices / Assumptions FY26-end market conditions persist, New domestic store openings 10～15, New overseas store openings 15 or more, Number of countries with overseas stores 20 or more
Medium-term management plan targetsIndicator name Auction consignment ratio / FY26 actual 44.8 % / FY27 target 40% or more, Indicator name Retail sales ratio / FY26 actual 24.3 % / FY27 target 25% or higher, Indicator name Sourcing ratio excluding なんぼや / FY26 actual 19.6 % / FY27 target 25% or higher, Indicator name Repeat customer ratio / FY26 actual 49.6 % / FY27 target 50% or higher, Indicator name Overseas sourcing growth rate / FY26 actual CAGR 28.3% / FY27 target CAGR of 25% or more
Financial targetsActual results Equity ratio 27.9 % / ROE 34.9 % / Target Not disclosed
Annual DividendFY27 Year-End Dividend Forecast ¥55 per share / Interim Dividend Not disclosed / FY26 Annual Dividend Not disclosed
Payout ratioFY27 forecast 18.1 %
Acquisition of treasury sharesThe company mentioned share buybacks in FY26. The amount, number of shares and period for the buyback authorization are Not disclosed
Capital expenditures¥648 million
Market Size / ShareMarket Global luxury secondary market / 2021 ¥5.9 trillion BPO market / 2024 ¥8.6 trillion, 13 %
New initiativesAccelerate new store openings at purchasing outlets in Japan and overseas, Strengthen cross-border e-commerce and retail platforms, Expand SaaS-based auction functions, membership fees and other offerings, Opening of a なんぼや store with an adjoining repair workshop in July 2026, First store openings in Taiwan and Malaysia, Obtaining SBT certification and revising GHG emissions reduction targets, Increase the proportion of outside directors and female directors on the board
Items this document does not state (6)
Segment resultsBreakdown of Factors Affecting the ChangeUnit price and quantity metricsRisk amount incorporated into the outlookOrders received and order backlogKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Profitability improved due to growth in winning bid values from consigned auctions, growth in retail sales, bullion prices remaining at high levels throughout the year, sourcing focused on gross profit margins, a higher retail sales ratio, and increased fees from the company’s own auctions. The company also cited its continued focus on operational efficiency while investing in active hiring and initiatives to increase brand awareness.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Financial Results Briefing Materials for the Fiscal Year Ending August 2026 | Valuence Holdings Inc. (9270) timely disclosure | Komori