Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. The Company assumes no responsibility for this translation or for direct, indirect, or any other forms of damages arising from this translation.
Securities Report
Fiscal Year | September 1, 2020 |
(Period 10) | To August 31, 2021 |
Valuence Holdings Inc.
―1―
Table of Contents | ||
2. | History .............................................................................................................................................................................................. | 7 |
3. | Business Lines .................................................................................................................................................................................. | 8 |
4. | Affiliated Companies ...................................................................................................................................................................... | 11 |
5. | Employees....................................................................................................................................................................................... | 13 |
II. Business .............................................................................................................................................................................................. | 14 | |
1. | Management Policies, Management Environment, Issues to be Addressed, etc. ............................................................................ | 14 |
2. | Business and Other Risks................................................................................................................................................................ | 18 |
3. | Management Analysis of Financial Position, Business Performance, and Cash Flows .................................................................. | 21 |
4. | Important Contracts and Other Business Agreements..................................................................................................................... | 28 |
5. | Research and Development Activities ............................................................................................................................................ | 28 |
III. Status of Facilities.............................................................................................................................................................................. | 29 | |
1. | Overview of Capital Investment ..................................................................................................................................................... | 29 |
2. | Status of Major Facilities ................................................................................................................................................................ | 29 |
3. | Plans for New Equipment Installation, Removal, Etc. .................................................................................................................... | 31 |
IV. Information on the Filing Company .................................................................................................................................................. | 33 | |
1. | Information on Company Stock ...................................................................................................................................................... | 33 |
2. | Information on Acquisition of Treasury Shares .............................................................................................................................. | 43 |
3. | Dividend Policy .............................................................................................................................................................................. | 45 |
4. | Information on Corporate Governance, Etc. ................................................................................................................................... | 46 |
V. Accounting Status ............................................................................................................................................................................... | 63 | |
1. | Consolidated Financial Statements ................................................................................................................................................. | 64 |
2. | Financial Statements ..................................................................................................................................................................... | 101 |
VI. Stock Administration ....................................................................................................................................................................... | 112 | |
VII. Reference Information for Filing Company ................................................................................................................................... | 113 | |
1. | Information on Parent Company of Filing Company .................................................................................................................... | 113 |
2. | Other Reference Information ........................................................................................................................................................ | 113 |
Part 2 Information on Guarantee Company, Etc. of the Filing Company .............................................................................................. | 114 | |
Audit Report |
―2―
Cover page
Documents Submitted | Securities Report |
Legal Basis | Financial Instruments and Exchange Act, Article 24, Paragraph 1 |
Submitted to | Director-General, Kanto Local Finance Bureau |
Date of Submission | November 25, 2021 |
Business Year | Period 10 (from September 1, 2020 to August 31, 2021) |
Company Name | バリュエンスホールディングス株式会社 |
English Name | Valuence Holdings Inc. |
Representative Name and Title | Shinsuke Sakimoto, Representative Director |
Location of Head Office | Shinagawa Season Terrace 28F, 1-2-70 Konan, Minato-ku, Tokyo |
Phone Number | +81-3-4580-9983 |
Administrative Contact Name | Satomi Ogawa, IR/ESG Office Manager |
Nearest Place of Contact | Shinagawa Season Terrace 28F, 1-2-70 Konan, Minato-ku, Tokyo |
Phone Number | +81-3-4580-9983 |
Administrative Contact Name | Satomi Ogawa , IR/ESG Office Manager |
Place of Public Inspection | Tokyo Stock Exchange, Inc. |
(2-1 Nihonbashi Kabutocho, Chuo-ku, Tokyo) |
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Part 1 Corporate Information
I. Company Overview
1. Key Management Indicators
- Consolidated Management Indicators
Period | Period 6 | Period 7 | Period 8 | Period 9 | Period 10 | |
Closing Year and Month | August 2017 | August 2018 | August 2019 | August 2020 | August 2021 | |
Net sales | (Thousands | 22,685,086 | 31,529,271 | 37,799,272 | 37,932,651 | 52,512,592 |
of yen) | ||||||
Ordinary profit | (Thousands | 1,139,789 | 1,806,141 | 2,262,320 | 622,038 | 976,968 |
of yen) | ||||||
Profit attributable to | (Thousands | 570,978 | 1,242,954 | 1,458,944 | 305,650 | 725,121 |
owners of the parent | of yen) | |||||
Comprehensive income | (Thousands | 570,579 | 1,243,454 | 1,450,025 | 306,868 | 758,553 |
of yen) | ||||||
Net assets | (Thousands | 3,265,725 | 5,796,677 | 6,695,450 | 6,735,904 | 7,270,051 |
of yen) | ||||||
Total assets | (Thousands | 10,092,292 | 12,258,009 | 14,111,795 | 15,378,731 | 18,727,224 |
of yen) | ||||||
Net assets per share | (Yen) | 583.71 | 477.45 | 526.11 | 512.88 | 539.40 |
Net income per share | (Yen) | 102.44 | 107.09 | 119.67 | 23.53 | 54.87 |
Diluted net income per | (Yen) | - | 97.39 | 110.78 | 22.95 | 54.58 |
share | ||||||
Equity ratio | (%) | 32.36 | 47.29 | 47.45 | 43.80 | 38.00 |
Return on equity | (%) | 19.19 | 27.43 | 23.36 | 4.55 | 10.47 |
Price to earnings ratio | (multiplier) | - | 28.95 | 13.95 | 68.18 | 54.95 |
Cash flows from operating | (Thousands | (41,761) | 449,475 | 1,697,322 | 1,582,557 | 2,007,602 |
activities | of yen) | |||||
Cash flows from investing | (Thousands | (814,367) | (554,564) | (689,373) | (74,061) | (1,256,865) |
activities | of yen) | |||||
Cash flows from financing | (Thousands | 1,072,159 | 744,549 | (584,835) | 1,052,513 | 1,210,207 |
activities | of yen) | |||||
Cash and cash equivalents | (Thousands | 2,657,806 | 3,297,704 | 3,714,430 | 6,275,644 | 8,269,430 |
closing balance | of yen) | |||||
Number of employees | 379 | 421 | 471 | 587 | 873 | |
[Average no. of temporary | (Persons) | |||||
[98] | [133] | [137] | [150] | [127] | ||
staff not included above] | ||||||
Notes: |
- Net sales do not include consumption taxes.
- Diluted net income per share is not stated for Period 6. This is because while dilutive shares were present, the Company's shares were unlisted, and the average stock price could not be calculated during the period. Since the Company's stock was listed on the Tokyo Stock Exchange Mothers on March 22, 2018, diluted net income per share for Period 7 is calculated based on the assumption that the average stock price during the period is the average stock price from the date of initial listing to the end of the 7th fiscal year.
- The price-to-earnings ratio for Period 6 is not stated. This is because the Company's shares were not listed at that time.
- Figures for the number of employees provided in brackets indicate the average number of associates, contract employees, and part-time employees (converted via the number of regular annual working hours per regular employee). They are not included in the figure above.
- The Company implemented a stock split at a ratio of five shares to one share of common stock on November 25, 2017. Net assets per share, net income per share, and diluted net income per share are calculated based on the assumption that the stock split in question occurred at the beginning of Period 6.
- The Company implemented a stock split at a ratio of two shares to one share of common stock on September 1, 2019. Net assets per share, net income per share, and diluted net income per share are calculated based on the assumption that the stock split in question occurred at the beginning of Period 7.
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(2) Management Indicators for Filing Company
Period | Period 6 | Period 7 | Period 8 | Period 9 | Period 10 | |
Closing Year and Month | August 2017 | August 2018 | August 2019 | August 2020 | August 2021 | |
Net sales | (Thousands | 21,849,627 | 29,478,579 | 35,574,088 | 20,275,742 | 3,665,020 |
of yen) | ||||||
Ordinary profit | (Thousands | 976,208 | 1,621,322 | 2,236,960 | 803,209 | 519,618 |
of yen) | ||||||
Net income (loss) | (Thousands | 488,666 | 1,126,108 | 1,477,486 | 527,810 | (301,272) |
of yen) | ||||||
Capital stock | (Thousands | 255,600 | 948,582 | 1,027,507 | 1,117,032 | 1,144,576 |
of yen) | ||||||
Number of shares issued | (Shares) | 1,118,957 | 6,070,510 | 6,373,930 | 13,183,160 | 13,326,170 |
Net assets | (Thousands | 3,200,139 | 5,613,745 | 6,539,979 | 6,801,373 | 6,275,695 |
of yen) | ||||||
Total assets | (Thousands | 9,118,733 | 11,023,182 | 13,118,917 | 7,964,110 | 8,023,927 |
of yen) | ||||||
Net assets per share | (Yen) | 571.99 | 462.38 | 513.90 | 517.86 | 464.02 |
Dividend per share | 88.00 | 51.50 | 70.00 | 25.00 | 25.00 | |
(Amount of interim | (Yen) | |||||
(-) | (-) | (-) | (-) | (-) | ||
dividend per share) | ||||||
Net income (loss) per share | (Yen) | 87.67 | 97.03 | 121.19 | 40.63 | (22.80) |
Diluted net income per | (Yen) | - | 88.23 | 112.19 | 39.64 | - |
share | ||||||
Equity ratio | (%) | 35.09 | 50.93 | 49.85 | 85.40 | 76.29 |
Return on equity | (%) | 16.56 | 25.55 | 24.31 | 7.91 | (4.66) |
Price to earnings ratio | (multiplier) | - | 31.95 | 13.78 | 39.48 | - |
Payout ratio | (%) | 20.15 | 26.54 | 28.88 | 61.54 | - |
Number of employees | 320 | 342 | 387 | 59 | 88 | |
[Average temporary staff | (Persons) | |||||
[92] | [124] | [130] | [13] | [9] | ||
not included in above] | ||||||
Total shareholder return | ||||||
(Comparison index: | (%) | - | - | 55.00 | 53.68 | 100.00 |
TOPIX, including | (-) | (-) | (89.22) | (97.94) | (121.24) | |
dividends) | ||||||
Historical high | (Yen) | - | 7,540 | 8,500 | 2,825 | 5,430 |
(1,720) | ||||||
Historical low | (Yen) | - | 3,570 | 3,345 | 957 | 1,686 |
(1,625) | ||||||
Notes: |
- Net sales do not include consumption taxes.
- Diluted net income per share is not stated for Period 6. This is because while dilutive shares were present, the Company's shares were unlisted, and the average stock price could not be calculated during these periods. Since the Company's stock was listed on the Tokyo Stock Exchange Mothers index on March 22, 2018, diluted net income per share for Period 7 is calculated based on the assumption that the average stock price during the period is the average stock price from the date of initial listing to the end of the 7th fiscal year.
- The price-to-earnings ratio for Period 6 is not stated. This is because the Company's shares were not listed at that time.
- Figures for the number of employees provided in brackets indicate the average number of associates, contract employees, and part-time employees (converted via the number of regular annual working hours per regular employee). They are not included in the figure above.
- Total shareholder return and comparative indicators before Period 7 are not listed because the Company's stock was listed on the Tokyo Stock Exchange Mothers on March 22, 2018.
―5―
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Valuence Holdings Inc. published this content on 27 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 January 2022 07:08:18 UTC.