Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥2,603, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Specialty Retail industry in Japan. Total returns to shareholders of 18% over the past three years. Declared Dividend • Apr 12
Dividend of JP¥45.00 announced Shareholders will receive a dividend of JP¥45.00. Ex-date: 28th August 2026 Payment date: 10th November 2026 Dividend yield will be 2.2%, which is higher than the industry average of 1.4%. Reported Earnings • Apr 11
Second quarter 2026 earnings released: EPS: JP¥98.17 (vs JP¥41.42 in 2Q 2025) Second quarter 2026 results: EPS: JP¥98.17 (up from JP¥41.42 in 2Q 2025). Revenue: JP¥27.4b (up 25% from 2Q 2025). Net income: JP¥1.30b (up 139% from 2Q 2025). Profit margin: 4.7% (up from 2.5% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥2,073, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Specialty Retail industry in Japan. Total returns to shareholders of 29% over the past three years. Announcement • Jan 29
Valuence Holdings Inc. (TSE:9270) announces an Equity Buyback for 250,000 shares, representing 1.88% for ¥453 million. Valuence Holdings Inc. (TSE:9270) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 1.88% of its issued share capital (excluding treasury stock), for a total purchase price of ¥453 million. The shares will be repurchased at a price of ¥1,812 per share. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment and enhance capital efficiency. As of December 31, 2025, the company had 13,326,080 issued shares (excluding treasury stock) and 600,280 treasury shares. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥1,944, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Specialty Retail industry in Japan. Negligible returns to shareholders over past three years. New Risk • Jan 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 10.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (10.0% average weekly change). Earnings are forecast to decline by an average of 6.2% per year for the foreseeable future. Reported Earnings • Jan 10
First quarter 2026 earnings released: EPS: JP¥72.50 (vs JP¥20.05 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥72.50 (up from JP¥20.05 loss in 1Q 2025). Revenue: JP¥24.5b (up 30% from 1Q 2025). Net income: JP¥953.0m (up JP¥1.21b from 1Q 2025). Profit margin: 3.9% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,092, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Specialty Retail industry in Japan. Total loss to shareholders of 58% over the past three years. Announcement • Nov 27
Valuence Holdings Inc. to Report Q3, 2026 Results on Jul 10, 2026 Valuence Holdings Inc. announced that they will report Q3, 2026 results on Jul 10, 2026 New Risk • Oct 12
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (22% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.2% average weekly change). Market cap is less than US$100m (JP¥13.5b market cap, or US$89.0m). Reported Earnings • Oct 11
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥51.94 (up from JP¥132 loss in FY 2024). Revenue: JP¥84.8b (up 4.1% from FY 2024). Net income: JP¥681.0m (up JP¥2.39b from FY 2024). Profit margin: 0.8% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 20%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. New Risk • Oct 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (130% net debt to equity). Share price has been volatile over the past 3 months (5.1% average weekly change). Market cap is less than US$100m (JP¥13.9b market cap, or US$94.6m). Board Change • Sep 03
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Ibun Hirahara was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Aug 22
Now 21% undervalued Over the last 90 days, the stock has risen 9.0% to JP¥972. The fair value is estimated to be JP¥1,224, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Jul 14
Third quarter 2025 earnings released: EPS: JP¥18.93 (vs JP¥18.27 in 3Q 2024) Third quarter 2025 results: EPS: JP¥18.93 (up from JP¥18.27 in 3Q 2024). Revenue: JP¥22.3b (up 1.4% from 3Q 2024). Net income: JP¥249.0m (up 4.6% from 3Q 2024). Profit margin: 1.1% (in line with 3Q 2024). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Announcement • Jul 13
Valuence Holdings Inc. to Report Fiscal Year 2025 Results on Oct 10, 2025 Valuence Holdings Inc. announced that they will report fiscal year 2025 results on Oct 10, 2025 Reported Earnings • Apr 12
Second quarter 2025 earnings released: EPS: JP¥41.42 (vs JP¥37.93 loss in 2Q 2024) Second quarter 2025 results: EPS: JP¥41.42 (up from JP¥37.93 loss in 2Q 2024). Revenue: JP¥22.0b (up 12% from 2Q 2024). Net income: JP¥543.9m (up JP¥1.04b from 2Q 2024). Profit margin: 2.5% (up from net loss in 2Q 2024). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Announcement • Apr 11
Valuence Holdings Inc. Revises Consolidated Earnings Guidance for the Fiscal Year Ending August 31, 2025 Valuence Holdings Inc. revised consolidated earnings guidance for the fiscal year ending August 31, 2025. For the full year, the company expects net sales of ¥84,200 million compared to previous guidance of ¥84,000 million, operating profit of ¥1,300 million compared to previous guidance of ¥600 million, profit attributable to owners of parent of ¥400 million compared to previous guidance of ¥50 million and basic earnings per share of ¥30.50 compared to previous guidance of ¥3.83. Reported Earnings • Jan 12
First quarter 2025 earnings released: JP¥20.05 loss per share (vs JP¥31.25 loss in 1Q 2024) First quarter 2025 results: JP¥20.05 loss per share (improved from JP¥31.25 loss in 1Q 2024). Revenue: JP¥18.8b (down 4.4% from 1Q 2024). Net loss: JP¥260.9m (loss narrowed 35% from 1Q 2024). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Announcement • Jan 10
Valuence Holdings Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending August 31, 2025 Valuence Holdings Inc. provided consolidated earnings guidance for the fiscal year ending August 31, 2025. For the full year, the company expects net sales of JPY 84,000 million, operating profit of JPY 600 million, profit attributable to owners of parent of JPY 50 million and basic earnings per share of JPY 3.84. Announcement • Jan 03
Valuence Holdings Inc. to Report Q3, 2025 Results on Jul 11, 2025 Valuence Holdings Inc. announced that they will report Q3, 2025 results on Jul 11, 2025 Board Change • Dec 10
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 2 highly experienced directors. Independent Outside Director Ibun Hirahara was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Dec 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 29% to JP¥763. The fair value is estimated to be JP¥954, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company became loss making. Announcement • Oct 28
Valuence Holdings Inc. Announces No Dividend for the Year Ended August 31, 2024 Valuence Holdings Inc. announced that there will be no dividend payment as we recorded a loss attributable to owners of parent of JPY 1,709 million for the year ended August 31, 2024. The previous year dividend is JPY 30 per share. Reported Earnings • Oct 14
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: JP¥132 loss per share (down from JP¥81.39 profit in FY 2023). Revenue: JP¥81.5b (up 7.0% from FY 2023). Net loss: JP¥1.71b (down 263% from profit in FY 2023). Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Announcement • Oct 11
Valuence Holdings Inc., Annual General Meeting, Nov 22, 2024 Valuence Holdings Inc., Annual General Meeting, Nov 22, 2024. Announcement • Aug 30
Valuence Holdings Inc. Announces Retirement of Yoshihiko Takubo as Outside Director Valuence Holdings Inc. announced that Yoshihiko Takubo will retire as an outside director at the conclusion of the thirteenth regular general meeting of shareholders scheduled for November 22, 2024, and is scheduled to become an advisor to the company after retirement. Announcement • Aug 03
Valuence Holdings Inc. to Report Fiscal Year 2024 Results on Oct 11, 2024 Valuence Holdings Inc. announced that they will report fiscal year 2024 results on Oct 11, 2024 Buy Or Sell Opportunity • Jul 16
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 3.0% to JP¥783. The fair value is estimated to be JP¥611, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 3.9% in a year. Earnings are forecast to grow by 53% in the next year. Reported Earnings • Jul 16
Third quarter 2024 earnings released: EPS: JP¥18.27 (vs JP¥37.19 in 3Q 2023) Third quarter 2024 results: EPS: JP¥18.27 (down from JP¥37.19 in 3Q 2023). Revenue: JP¥22.0b (up 9.6% from 3Q 2023). Net income: JP¥238.0m (down 51% from 3Q 2023). Profit margin: 1.1% (down from 2.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 30% per year whereas the company’s share price has fallen by 35% per year. Announcement • Jul 12
Valuence Holdings Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending August 31, 2024 Valuence Holdings Inc. provided consolidated earnings guidance for the fiscal year ending August 31, 2024. For the full year, the company expects net sales of JPY 82,400 million, operating loss of JPY 600 million, loss attributable to owners of parent of JPY 1,890 million and basic loss per share of JPY 145.43 against net sales of JPY 81,370 million, operating loss of JPY 1,200 million, loss attributable to owners of parent of JPY 1,960 million and basic loss per share of JPY 150.82. Reason for the Revision: As announced in the "Notice of Differences between Consolidated Financial Results Forecasts and the Results for the Cumulative second quarter of the Fiscal Year Ending August 31, 2024, Revisions to the Consolidated Financial Results Forecasts for the Fiscal Year Ending August 31, 2024, and Revisions to the Dividend Forecasts (No Dividend) dated April 12, 2024, the Company has been purchasing with an emphasis on gross profit margin and has been implementing its sales strategy as planned from the third quarter of the fiscal year. As a result of these factors, the gross profit margin is improving and the bullion market was favorable, etc., and the consolidated financial results for the third quarter of the current fiscal year exceeded the initial forecast, which was announced on April 12, 2024. Reported Earnings • Apr 14
Second quarter 2024 earnings released: JP¥34.61 loss per share (vs JP¥2.02 profit in 2Q 2023) Second quarter 2024 results: JP¥34.61 loss per share (down from JP¥2.02 profit in 2Q 2023). Revenue: JP¥19.7b (up 20% from 2Q 2023). Net loss: JP¥448.7m (down JP¥474.7m from profit in 2Q 2023). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Major Estimate Revision • Jan 21
Consensus EPS estimates fall by 43% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥89.4b to JP¥84.6b. EPS estimate also fell from JP¥112 per share to JP¥63.37 per share. Net income forecast to shrink 15% next year vs 17% growth forecast for Specialty Retail industry in Japan . Consensus price target down from JP¥3,400 to JP¥1,800. Share price fell 27% to JP¥1,039 over the past week. Price Target Changed • Jan 19
Price target decreased by 45% to JP¥1,800 Down from JP¥3,300, the current price target is provided by 1 analyst. New target price is 73% above last closing price of JP¥1,039. Stock is down 49% over the past year. The company is forecast to post earnings per share of JP¥112 for next year compared to JP¥81.39 last year. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to JP¥1,039, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Specialty Retail industry in Japan. Total loss to shareholders of 67% over the past three years. New Risk • Jan 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.6b (US$98.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (7.5% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.1% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (JP¥14.6b market cap, or US$98.6m). Reported Earnings • Jan 15
First quarter 2024 earnings released: JP¥31.25 loss per share (vs JP¥10.35 profit in 1Q 2023) First quarter 2024 results: JP¥31.25 loss per share (down from JP¥10.35 profit in 1Q 2023). Revenue: JP¥19.7b (up 14% from 1Q 2023). Net loss: JP¥404.0m (down 404% from profit in 1Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥1,705, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Specialty Retail industry in Japan. Total loss to shareholders of 59% over the past three years. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment deteriorates as stock falls 39% After last week's 39% share price decline to JP¥1,582, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Specialty Retail industry in Japan. Total loss to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,710 per share. Reported Earnings • Oct 14
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: JP¥81.42 (up from JP¥74.05 in FY 2022). Revenue: JP¥76.1b (up 20% from FY 2022). Net income: JP¥1.05b (up 8.4% from FY 2022). Profit margin: 1.4% (in line with FY 2022). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Sep 29
Valuence Holdings Inc., Annual General Meeting, Nov 27, 2023 Valuence Holdings Inc., Annual General Meeting, Nov 27, 2023. Agenda: To consider the board elelctions. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥2,755, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 13x in the Specialty Retail industry in Japan. Total returns to shareholders of 9.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,034 per share. Buying Opportunity • Sep 16
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be JP¥2,927, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings is also forecast to grow by 21% per annum over the same time period. Announcement • Sep 01
Valuence Holdings Inc. Appoints Executive Officers, Appointment Date Is September 1, 2023 eValuence Holdings Inc. announced Executive Officers appointment, which was approved at Board of Directors meeting held August 31, 2023. The company appointed Yukiaki Ihara as Executive Officer, General Manager of Corporate Strategy Head. Ryosuke Tanaka as Office Executive Officer, General Manager of Corporate Strategy Head Office and Division Manager of Legal Division. Kennosuke Onishi as Executive Officer, General Manager of Corporate Strategy Head Office and Division Manager of Human Resources Division. Appointment Date is September 1, 2023. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥30.00 per share at 1.1% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 10 November 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (1.4%). Buying Opportunity • Aug 18
Now 22% undervalued Over the last 90 days, the stock is up 18%. The fair value is estimated to be JP¥3,813, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings is also forecast to grow by 24% per annum over the same time period. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥2,987, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 13x in the Specialty Retail industry in Japan. Total returns to shareholders of 117% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,721 per share. Announcement • Aug 03
Valuence Holdings Inc. to Report Fiscal Year 2023 Results on Oct 13, 2023 Valuence Holdings Inc. announced that they will report fiscal year 2023 results on Oct 13, 2023 Reported Earnings • Jul 17
Third quarter 2023 earnings released: EPS: JP¥37.19 (vs JP¥31.53 in 3Q 2022) Third quarter 2023 results: EPS: JP¥37.19 (up from JP¥31.53 in 3Q 2022). Revenue: JP¥20.0b (up 9.6% from 3Q 2022). Net income: JP¥481.0m (up 16% from 3Q 2022). Profit margin: 2.4% (up from 2.3% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥2,265, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Specialty Retail industry in Japan. Total returns to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,348 per share. Reported Earnings • Apr 16
Second quarter 2023 earnings released: EPS: JP¥2.02 (vs JP¥6.99 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥2.02 (up from JP¥6.99 loss in 2Q 2022). Revenue: JP¥16.4b (up 27% from 2Q 2022). Net income: JP¥26.0m (up JP¥118.0m from 2Q 2022). Profit margin: 0.2% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,900, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 12x in the Specialty Retail industry in Japan. Total returns to shareholders of 62% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,253 per share. Buying Opportunity • Apr 04
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 34%. The fair value is estimated to be JP¥2,230, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 7.9%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings is also forecast to grow by 24% per annum over the same time period. Buying Opportunity • Mar 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 40%. The fair value is estimated to be JP¥2,277, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 7.9%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings is also forecast to grow by 24% per annum over the same time period. Buying Opportunity • Feb 22
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 37%. The fair value is estimated to be JP¥2,226, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 7.9%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings is also forecast to grow by 24% per annum over the same time period. Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. Independent Outside Director Yoshihiko Takubo was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment deteriorated over the past week After last week's 30% share price decline to JP¥2,037, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 11x in the Specialty Retail industry in Japan. Total loss to shareholders of 5.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,699 per share. Buying Opportunity • Jan 17
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 28%. The fair value is estimated to be JP¥2,788, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 7.9%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings is also forecast to grow by 26% per annum over the same time period. Reported Earnings • Jan 14
First quarter 2023 earnings released: EPS: JP¥10.37 (vs JP¥3.42 in 1Q 2022) First quarter 2023 results: EPS: JP¥10.37 (up from JP¥3.42 in 1Q 2022). Revenue: JP¥17.3b (up 30% from 1Q 2022). Net income: JP¥133.3m (up 196% from 1Q 2022). Profit margin: 0.8% (up from 0.3% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 7% per year. Announcement • Jan 14
Valuence Holdings Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending August 31, 2023 Valuence Holdings Inc. provided consolidated earnings guidance for the fiscal year ending August 31, 2023. For the year, company expects net sales to be JPY 78,500 Million, Operating profit to be JPY 2,500 million, Profit attributable to owners of parent to be JPY 1,300 Million, and Basic earnings per share to be JPY 101.14. Announcement • Dec 24
Valuence Holdings Inc. (TSE:9270) agreed to acquire YONE MOTORS CORPORATION. Valuence Holdings Inc. (TSE:9270) agreed to acquire YONE MOTORS CORPORATION on December 22, 2022. Transaction is expected to close on January 31, 2023. Buying Opportunity • Dec 23
Now 22% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be JP¥3,226, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has declined by 16%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings is also forecast to grow by 25% per annum over the same time period. Buying Opportunity • Nov 22
Now 20% undervalued Over the last 90 days, the stock is up 49%. The fair value is estimated to be JP¥3,627, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has declined by 16%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings is also forecast to grow by 25% per annum over the same time period. Price Target Changed • Nov 16
Price target increased to JP¥3,900 Up from JP¥2,800, the current price target is provided by 1 analyst. New target price is 44% above last closing price of JP¥2,701. Stock is down 10% over the past year. The company is forecast to post earnings per share of JP¥97.36 for next year compared to JP¥74.06 last year. Buying Opportunity • Nov 02
Now 21% undervalued Over the last 90 days, the stock is up 31%. The fair value is estimated to be JP¥3,648, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has declined by 16%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings is also forecast to grow by 25% per annum over the same time period. 
