Valuence Holdings, Inc. (9270) AI Stock Analysis

• Market Cap: ¥24.82B
• Dividend Yield: 0.95%
• Average Volume (3M): 41.18K
• Price to Earnings (P/E): 12.5
• Beta (1Y): 1.08
• Revenue Growth: 4.14%
• EPS Growth: N/A
• Country: JP
• Employees: 1,074
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): 72.54
• Shares Outstanding: 13,926,360
• 10 Day Avg. Volume: 62,790
• 30 Day Avg. Volume: 41,176
• PEG Ratio: -0.13
• Price to Book (P/B): 1.63
• Price to Sales (P/S): 0.15
• P/FCF Ratio: -3.71
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 59 Neutral
• Price Target: ¥1,941.00 ▲(58.32% Upside)

The score is held back primarily by weak and volatile cash generation alongside elevated leverage, despite strong recent revenue growth and an earnings rebound. Technicals are a key positive with a strong uptrend, but overbought indicators add near-term risk. Valuation is reasonable with a moderate P/E, though the dividend yield is low.

Positive Factors

Revenue momentum & profitability recovery

Sustained top-line acceleration and a return to net profit in 2025 indicate the business can scale sales and absorb prior headwinds. Durable revenue momentum improves odds of stabilizing margins and supports reinvestment, provided cash conversion and cost control follow through.

Diversified omnichannel business model

A multi-channel footprint (stores, e-commerce, B2B) and in-house appraisal/purchasing create multiple sourcing and sales pathways. This structural diversity reduces dependence on any single channel, aids inventory acquisition, and supports resilient demand across market conditions.

Stable gross margin base

Consistent mid-20% gross margins provide a durable margin floor for the resale model, enabling predictable contribution per unit sold. That stability helps management focus on improving operating leverage and could translate to sustainable operating earnings as volumes grow.

Negative Factors

Weak and volatile cash generation

Recurrent negative OCF and FCF indicate difficulty converting profits into cash, increasing reliance on external funding. Over time this constrains capex, store expansion or buyback flexibility, and raises refinancing risk—especially if revenue or margins slip.

Elevated and rising leverage

Significantly higher debt amplifies financial risk and reduces buffer against cyclical retail shocks. Elevated leverage increases interest and covenant vulnerability, limiting strategic optionality and making the company more sensitive to cash-flow volatility from inventory or pricing pressures.

Thin and volatile profitability

Very thin net margins mean small variations in sourcing costs, resale prices, or operating expenses can erase profits. The recent swing from loss to modest profit highlights earnings volatility, complicating long-term planning and weakening predictability of returns to stakeholders.

Valuence Holdings, Inc. Business Overview & Revenue Model

Company Description

Valuence Holdings Inc. engages in the purchase, auction, and sale of reused goods in Japan and internationally. It offers brand-name goods, art works, antiques, precious metals, watches, bullions, jewelry, and other articles through online and offline platforms. The company engages in app and systems development; investment and training for venture companies; purchase and sale of new and used cars; car maintenance; and real estate brokerage services. The company was incorporated in 2011 and is headquartered in Tokyo, Japan. Valuence Holdings Inc. is a subsidiary of SF Property Management Inc.

How the Company Makes Money

Valuence Holdings, Inc. generates revenue through the buying and selling of pre-owned luxury goods. The company purchases items from individual sellers and auctions, conducts assessments to determine their value, and resells them through various channels, including retail stores, online platforms, and auction events. Key revenue streams include the margin between purchase and resale prices and service fees for authentication and assessment. The company may also engage in partnerships with luxury brands and other entities to enhance its product offerings and market presence. Its business model hinges on the increasing consumer interest in sustainability and the demand for luxury goods at accessible prices.

Valuence Holdings, Inc. Financial Statement Overview

Summary

Income statement shows strong revenue momentum and a return to profit in 2025, but margins remain thin and earnings have been volatile. Balance sheet leverage is elevated (~2.4x debt-to-equity), limiting flexibility. Cash flow is the main drag with negative operating cash flow and largely negative free cash flow (including a large outflow in 2025), increasing financing risk.

Income Statement

Revenue growth has been strong overall, accelerating sharply in 2025 (annual) after moderate growth in 2024. Profitability, however, is inconsistent: the company swung from a loss in 2024 to a modest profit in 2025, but net margin remains thin (~0.8%) and operating profitability is still low versus earlier years (2022–2023). Gross margin has been relatively steady in the mid‑20% range, providing a stable base, but earnings volatility keeps the score in the mid range.

Balance Sheet

Leverage is elevated and rising: total debt increased over time and debt-to-equity is now ~2.4x (2024–2025), up from ~1.0x in 2020. Equity has grown versus earlier years, but the balance sheet remains debt-heavy, which can limit flexibility in weaker profit years. Returns to shareholders recovered to positive in 2025 (~8.9%) after a deeply negative 2024, highlighting improving—but still not fully stabilized—profitability against a leveraged capital structure.

Cash Flow

Cash generation is the key weak spot. Operating cash flow turned negative in 2025 and was also negative in 2022, indicating volatility in converting accounting earnings into cash. Free cash flow is negative in most years shown (including a large outflow in 2025), suggesting ongoing reinvestment and/or working-capital pressure that is not being funded internally. This cash flow inconsistency increases financing risk given the already higher leverage.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	84.84B	84.84B	81.47B	76.13B	63.39B	52.51B
Gross Profit	21.31B	21.31B	19.52B	20.01B	16.32B	13.84B
EBITDA	2.89B	2.75B	-194.25M	3.00B	2.46B	1.63B
Net Income	681.94M	681.94M	-1.71B	1.05B	969.13M	725.12M
Balance Sheet
Total Assets	30.94B	30.94B	26.65B	27.68B	23.25B	18.73B
Cash, Cash Equivalents and Short-Term Investments	5.30B	5.30B	6.92B	8.34B	7.81B	8.27B
Total Debt	18.50B	18.50B	16.47B	15.26B	12.52B	8.85B
Total Liabilities	23.26B	23.26B	19.79B	18.84B	15.40B	11.46B
Stockholders Equity	7.68B	7.68B	6.86B	8.83B	7.85B	7.27B
Cash Flow
Free Cash Flow	0.00	-3.38B	-661.47M	-798.67M	-2.85B	1.10B
Operating Cash Flow	0.00	-555.59M	226.39M	1.37B	-1.72B	2.01B
Investing Cash Flow	0.00	-2.96B	-2.11B	-2.54B	-1.54B	-1.26B
Financing Cash Flow	0.00	1.91B	464.44M	1.72B	2.69B	1.21B

Valuence Holdings, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1226.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9270, the sentiment is Positive. The current price of 1226 is below the 20-day moving average (MA) of 1649.55, below the 50-day MA of 1250.00, and above the 200-day MA of 1002.55, indicating a bullish trend. The MACD of 181.47 indicates Positive momentum. The RSI at 68.95 is Neutral, neither overbought nor oversold. The STOCH value of 22.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9270.

Valuence Holdings, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2652	66 Neutral	¥12.34B	10.10	―	0.30%	5.03%	-17.66%
9272	64 Neutral	¥14.22B	102.96	―	―	13.72%	-82.05%
3558	64 Neutral	¥18.80B	15.14	―	―	14.44%	115.10%
3542	63 Neutral	¥15.37B	19.55	―	0.71%	11.91%	24.06%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
9270	59 Neutral	¥24.82B	12.51	―	0.95%	4.14%	―
8165	45 Neutral	¥9.66B	3.19	―	―	-4.10%	―

Valuence Holdings, Inc. Corporate Events

Valuence Swings to Profit and Lifts FY2026 Forecasts, Plans Higher Dividend

Valuence Holdings reported a strong turnaround for the three months ended November 30, 2025, with net sales rising 30.3% year-on-year to ¥24.53 billion and a swing from loss to profit, posting operating profit of ¥1.51 billion and profit attributable to owners of parent of ¥953 million, versus a loss in the same period a year earlier. The company’s equity and total assets both increased, and it raised its full-year forecast for the fiscal year ending August 2026 to ¥99.0 billion in net sales and ¥1.9 billion in profit attributable to owners, alongside a significant upward revision to its dividend plan to a total of ¥30 per share, signaling improved earnings visibility and a more shareholder-friendly capital policy.

The most recent analyst rating on (JP:9270) stock is a Hold with a Yen1167.00 price target. To see the full list of analyst forecasts on Valuence Holdings, Inc. stock, see the JP:9270 Stock Forecast page.

Valuence Doubles Profit Outlook and Dividend Forecast on Strong First-Quarter Performance

Valuence Holdings has sharply upgraded its consolidated forecast for the fiscal year ending August 31, 2026, citing stronger-than-expected performance in both procurement and sales during the first quarter. The company now projects net sales of ¥99.0 billion, operating profit of ¥4.0 billion and profit attributable to owners of the parent of ¥1.9 billion, representing double- to triple-digit percentage increases versus its previous guidance and a substantial improvement on the prior year. Management attributes the outperformance to a procurement policy focused on gross margin, higher-than-planned purchasing volumes across all product categories, favorable bullion prices, and effective channel selection that drove solid results in proprietary auctions, domestic retail stores and an expanding e-commerce business. Structural reforms and tight cost control are said to be progressing as planned, and while the company is maintaining a conservative view on second-half market conditions, it has raised its full-year outlook and, in tandem, doubled its forecast year-end dividend to ¥30 per share. The higher earnings and dividend guidance underline stronger cash-generation prospects and a firmer shareholder-return stance, potentially enhancing the company’s appeal to investors in the growth market segment.

The most recent analyst rating on (JP:9270) stock is a Hold with a Yen1167.00 price target. To see the full list of analyst forecasts on Valuence Holdings, Inc. stock, see the JP:9270 Stock Forecast page.

Valuence Completes Restricted Stock Issuance for Directors and Employees

Valuence Holdings Inc. has completed payment procedures for the issuance of 181,900 new shares of common stock as restricted stock compensation, priced at 911 yen per share for a total value of 165.7 million yen. The new shares are being allotted to a broad group of insiders, including four directors (excluding audit and outside directors), employees of the parent company, as well as directors and employees of its subsidiaries, reinforcing the firm’s stock-based compensation framework and further aligning management and staff incentives with shareholder interests.

The most recent analyst rating on (JP:9270) stock is a Hold with a Yen1032.00 price target. To see the full list of analyst forecasts on Valuence Holdings, Inc. stock, see the JP:9270 Stock Forecast page.

Valuence Holdings Finalizes Stock Option Terms for Subsidiary Directors and Employees

Valuence Holdings Inc. has finalized the detailed terms for issuing stock acquisition rights (stock options) to directors and employees of its subsidiaries, following an earlier board resolution. The company will grant 140 stock acquisition rights, covering 14,000 shares of common stock, to six subsidiary directors and two subsidiary employees, with an exercise price of 1,226 yen per share and a paid-in amount of 666 yen per share, calculated using a fair valuation method such as the Black–Scholes model. The consideration for these stock options will be offset against monetary compensation claims held by the recipients against their subsidiaries, effectively using compensation receivables to fund the options. This scheme is designed to align the interests of key personnel at group subsidiaries with those of shareholders by linking their remuneration more closely to the company’s share performance.

The most recent analyst rating on (JP:9270) stock is a Hold with a Yen1032.00 price target. To see the full list of analyst forecasts on Valuence Holdings, Inc. stock, see the JP:9270 Stock Forecast page.

Valuence Holdings Issues New Shares as Restricted Stock Compensation

Valuence Holdings Inc. has announced the issuance of 181,900 new shares as restricted stock compensation, aimed at aligning the interests of its directors and employees with shareholders by sharing the benefits and risks associated with stock price changes. This initiative, part of a revised compensation system, is expected to enhance corporate value and incentivize key personnel to contribute to the company’s growth.

The most recent analyst rating on (JP:9270) stock is a Hold with a Yen1032.00 price target. To see the full list of analyst forecasts on Valuence Holdings, Inc. stock, see the JP:9270 Stock Forecast page.

Valuence Holdings Issues Stock Options to Boost Growth

Valuence Holdings Inc. has announced the issuance of stock acquisition rights to directors and employees of its subsidiaries. This initiative aims to boost motivation and align the interests of its workforce with long-term corporate growth and shareholder value. The stock options are structured to be fair and are intended to incentivize contributions to the company’s strategic goals.

The most recent analyst rating on (JP:9270) stock is a Hold with a Yen1032.00 price target. To see the full list of analyst forecasts on Valuence Holdings, Inc. stock, see the JP:9270 Stock Forecast page.

Valuence Holdings Proposes Director Elections and Compensation Revisions

Valuence Holdings Inc. has announced proposals for its upcoming 14th Ordinary General Meeting of Shareholders, which include the election of directors and revisions to director remuneration. The company aims to align director interests with shareholder value through a revised restricted stock compensation framework, reflecting its commitment to enhancing corporate value amid changing economic conditions.

The most recent analyst rating on (JP:9270) stock is a Hold with a Yen1032.00 price target. To see the full list of analyst forecasts on Valuence Holdings, Inc. stock, see the JP:9270 Stock Forecast page.

Valuence Holdings Announces Dividend of 10.00 Yen Per Share

Valuence Holdings Inc. announced a resolution on dividends of surplus with a record date of August 31, 2025, deciding on a dividend of 10.00 yen per share, reflecting their commitment to shareholder returns and sustainable growth. This decision underscores the company’s strategy to balance stable dividends with strategic investments aimed at enhancing corporate value while maintaining financial health.

The most recent analyst rating on (JP:9270) stock is a Hold with a Yen1032.00 price target. To see the full list of analyst forecasts on Valuence Holdings, Inc. stock, see the JP:9270 Stock Forecast page.