For the fiscal year ending March 2026, the company achieved revenue of \u00a5924.1 billion, operating income of \u00a527.5 billion, and net income attributable to owners of parent of \u00a516.4 billion, with increases in both revenue and profit. Return on Equity (ROE) is 9.2%, Return on Invested Capital (ROIC) is 5.6%, and Price-to-Book Ratio (PBR) is 1.06x, indicating improved capital profitability. 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Return on Equity (ROE) is 9.2%, Return on Invested Capital (ROIC) is 5.6%, and Price-to-Book Ratio (PBR) is 1.06x, indicating improved capital profitability. Shareholder return policy targets a payout ratio of 30% and continued 16 consecutive years of progressive dividends.","jir_summary":"### Performance Summary\nThe fiscal year ending March 2026 achieved 31 consecutive years of revenue growth, with operating revenue of \u00a5924.1 billion, operating income of \u00a527.5 billion, and net income attributable to owners of parent of \u00a516.4 billion. The supermarket business drove revenue, and all segments became profitable due to recovery in the sports club business and profitability turnaround in the credit card business. ROE reached 9.2%, ROIC was 5.6%, and the PBR surpassed 1.0x, reflecting significant improvement in capital profitability.\n\n### Management Response Focused on Capital Cost and Stock Price, and Shareholder Returns\nROE has achieved the target of 8% for two consecutive periods, and the PER increased to 12.9x. Although the PBR remains above 1x, it is still below the average for food supermarkets listed on the Prime Market, indicating room for improvement. Going forward, the company aims to enhance market valuation through sustainable profit growth, strengthening earnings power, reducing large special losses, and announcing growth strategies. The shareholder return policy targets a payout ratio of 30%, with a DOE of at least 2%, and has continued a 16-year streak of progressive dividends.","jir_financial_highlights":"Operating Revenue (billion yen): 9,241 (YoY increase (from 8,544 billion yen to 9,241 billion yen))\nOperating Income (billion yen): 275 (YoY increase (from 231 billion yen to 275 billion yen))\nNet Income attributable to owners of parent (billion yen): 164 (YoY increase (from 136 billion yen to 164 billion yen))\nROE (%): 9.2 (YoY increase (from 8.1% to 9.2%))\nROIC (%): 5.6 (YoY increase (from 5.0% to 5.6%))\nPBR (x): 1.06 (YoY increase (from 0.74x to 1.06x))\nPayout Ratio (%): 23.7 (YoY decrease (from 26.4% to 23.7%))\nDOE (%): 2.3 (YoY increase (from 2.2% to 2.3%))","jir_category":"","jir_hashtags":"#ValoHoldings, #ManagementStrategy, #CapitalCost, #ShareholderReturns","jir_key_figures":"Operating Revenue: \u00a5924.1 billion (31 consecutive years of growth)\nOperating Income: \u00a527.5 billion (YoY increase)\nNet Income attributable to owners of parent: \u00a516.4 billion (two consecutive record highs)","jir_meta_title":"\u3010Valo Holdings\u3011Management Response Update on Capital Cost Focus\uff5cMay 2026","jir_meta_description":"Valo Holdings achieved operating revenue of \u00a5924.1 billion, operating income of \u00a527.5 billion, and net income of \u00a516.4 billion in FY2026. ROE is 9.2%, ROIC 5.6%, PBR 1.06x, with improved capital efficiency, and continued shareholder return policy.","jir_og_title":"\u3010Valo Holdings\u3011Management Response Update on Capital Cost Focus\uff5cMay 2026","jir_og_description":"Achieved revenue and profit growth in FY2026. ROE is 9.2%, PBR exceeds 1x, indicating improved capital efficiency. Shareholder returns target a payout ratio of 30% with 16 years of continuous dividend increase.","jir_og_image_url":"\/assets\/og\/company-financial_summary.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-48840","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n