VALUE GOLF Inc.

3931・Growth Market・Information & Communication

Official website

VALUE GOLF Inc.

3931・Growth Market・Information & Communication

Official website

VALUE GOLF Inc.3931

Reference Indicators

Market Cap

34¥100M

P/E (Forecast)

30.9x

P/B

3.2x

Dividend Yield (Forecast)

1.33%

ROE

-0.7%

EV/EBITDA

40.5x

Financial Summary

Unit: ¥M

Item	2022Jan 2022	2023Jan 2023	2024Jan 2024	2025Jan 2025	2026Jan 2026
Net Sales	4,283	4,443	3,656	4,127	4,426
Cost of Sales	2,777	2,960	2,357	2,657	2,875
Gross Profit	1,506	1,483	1,299	1,469	1,551
SG&A Expenses	1,291	1,246	1,237	1,379	1,498
Operating Income	215	237	61	90	53
Non-operating Income	1	5	2	4	6
Non-operating Expenses	27	33	14	19	20
Ordinary Income	189	209	49	74	39
Extraordinary Income	—	—	—	—	0
Extraordinary Losses	—	46	—	33	48
Pre-tax Income	189	163	49	40	-9
Income Taxes	65	48	26	34	-1
Net Income	123	114	22	5	-7
EBITDA	243	248	76	134	100
Gross Margin	35.2%	33.4%	35.5%	35.6%	35.1%
Operating Margin	5.0%	5.3%	1.7%	2.2%	1.2%
ROA	5.2%	4.6%	0.9%	0.2%	-0.2%
ROE	12.0%	10.1%	1.9%	0.5%	-0.7%

Segment Performance

Unit: ¥M

2026

Segment	Net Sales	Operating Income	Operating Margin
ゴルフ事業	3,502	492	14.0%
トラベル事業	662	41	6.2%
その他	261	14	5.4%