Net sales 489,204 million yen, up 8.6% year-over-year. Operating income 12,564 million yen (-10.6%), ordinary income 13,679 million yen (-9.3%), interim net income attributable to owners of parent 9,483 million yen (14.6% increase). Number of stores at interim end: 1,562. Equity-to-asset ratio: 39.2%. Full-year forecast maintained; year-end dividend not stated considering recent share split (equivalent to 80 yen).<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"price_fetched_at":"","company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"9956","jir_company_name":"Valor Holdings Co., Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-11-11","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/11\/9956-20261111-01.pdf","jir_short_summary":"Net sales 489,204 million yen, up 8.6% year-over-year. Operating income 12,564 million yen (-10.6%), ordinary income 13,679 million yen (-9.3%), interim net income attributable to owners of parent 9,483 million yen (14.6% increase). Number of stores at interim end: 1,562. Equity-to-asset ratio: 39.2%. Full-year forecast maintained; year-end dividend not stated considering recent share split (equivalent to 80 yen).","jir_summary":"### Overview of Results\nConsolidated net sales for the second quarter reached a record high. However, operating income and ordinary income declined due to increases in personnel expenses, costs associated with new store openings, and higher interest payments resulting from rising interest rates. Sales increased mainly in the supermarket business, but overall cost increases pressured profits. Special gains were recorded, which increased interim net income.\n\n### Outlook and Shareholder Returns\nThe full-year earnings forecast is maintained. Shareholder returns were implemented, including a stock split and an increase in the interim dividend. Financial soundness improved, with the equity-to-asset ratio rising to 39.2%. Going forward, the focus will be on growth through store expansion and destination store development, along with continued cost management.","jir_financial_highlights":"Net Sales: 489,204 million yen (Up 8.6% year-over-year)\nOperating Income: 12,564 million yen (-10.6% year-over-year)\nOrdinary Income: 13,679 million yen (-9.3% year-over-year)\nNet Income Attributable to Owners of Parent (Interim): 9,483 million yen (Up 14.6% year-over-year)\nTotal Assets: 535,424 million yen (Increase of 20,016 million yen from the end of the previous fiscal year)\nEquity-to-Asset Ratio: 39.2% (Up 3.3% from the end of the previous fiscal year)","jir_category":"","jir_hashtags":"#ValorHoldings, #Earnings, #DestinationStore, #ShareholderReturns","jir_key_figures":"Net sales: 489,204 million yen\nOperating income: 12,564 million yen\nNet income attributable to owners of parent (interim): 9,483 million yen","jir_meta_title":"Valor Holdings Co., Ltd. Q2 Financial Summary\uff5cRecord Net Sales but Decline in Profit","jir_meta_description":"Analysis of Valor Holdings Co., Ltd.'s Q2 financial summary for the fiscal year ending March 2027. Net sales rose 8.6% year-over-year to 489,204 million yen, operating income fell 10.6% to 12,564 million yen, and net income increased to 9,483 million yen. Includes outlook and shareholder return information.","jir_og_title":"Valor HD Q2 Financial Results\uff5cRecord Net Sales but Declining Profits","jir_og_description":"Valor Holdings Co., Ltd.'s Q2 results: net sales up 8.6% year-over-year while operating income declined. Overview of maintained full-year forecast and expanded shareholder returns.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":9052,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"financial_summary","footnotes":""},"sector":[],"importance":[],"class_list":["post-148139","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n