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UT Group Co.,Ltd.
(2146)
UT Group Co.,Ltd. (2146) vs. iShares MSCI Japan ETF (EWJ)
UT Group Co.,Ltd. Business Overview & Revenue Model
UT Group Co.,Ltd. Financial Statement Overview
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 192.34B | 194.75B | 167.03B | 170.63B | 156.77B | 115.13B |
| Gross Profit | 32.01B | 29.85B | 30.44B | 33.10B | 27.77B | 21.60B |
| EBITDA | 10.76B | 16.23B | 11.39B | 10.08B | 6.53B | 7.88B |
| Net Income | 5.58B | 8.96B | 6.36B | 3.83B | 3.14B | 4.30B |
Balance Sheet | ||||||
| Total Assets | 65.28B | 66.35B | 68.46B | 71.63B | 64.11B | 52.67B |
| Cash, Cash Equivalents and Short-Term Investments | 31.00B | 31.71B | 29.32B | 31.97B | 25.83B | 25.27B |
| Total Debt | 12.09B | 7.91B | 12.29B | 16.42B | 19.91B | 11.72B |
| Total Liabilities | 32.58B | 30.02B | 34.02B | 41.70B | 42.88B | 32.47B |
| Stockholders Equity | 31.35B | 34.99B | 33.23B | 28.91B | 20.35B | 19.69B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 5.62B | 2.47B | 10.49B | 781.00M | 6.37B |
| Operating Cash Flow | 0.00 | 5.68B | 3.99B | 13.00B | 2.28B | 6.65B |
| Investing Cash Flow | 0.00 | 5.87B | -210.00M | -2.14B | -6.30B | -2.41B |
| Financing Cash Flow | 0.00 | -9.14B | -6.43B | -4.75B | 4.55B | 2.61B |
UT Group Co.,Ltd. Technical Analysis
UT Group Co.,Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | ¥255.88B | 18.34 | 28.98% | 5.57% | 4.09% | 17.10% | |
79 Outperform | ¥121.70B | 19.54 | ― | 7.51% | 8.28% | -36.32% | |
70 Outperform | ¥88.98B | 30.10 | ― | 3.53% | 9.97% | 22.68% | |
66 Neutral | ¥8.93T | 19.09 | 27.29% | 0.27% | 1.23% | 26.94% | |
66 Neutral | ¥546.49B | 13.65 | 19.18% | 3.59% | 6.95% | 13.63% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
42 Neutral | ¥75.26B | -14.23 | -6.02% | 0.77% | -9.70% | -108.59% |
UT Group Co.,Ltd. Corporate Events
UT Group reported third-quarter results for the fiscal year ending March 2026 that maintained net sales at roughly the same level as a year earlier, while significantly improving operating income thanks to ongoing profitability measures. The number of technical employees decreased slightly year on year, but performance momentum from the first half continued and overall results remained aligned with the earnings forecast.
Sales excluding a previously sold business reached ¥125.3 billion, up 0.5% year on year, with gross income rising 5.8% and operating income jumping 30.8%, reflecting efficiency gains and cost discipline. Progress toward full-year forecasts was strong for key indicators, with operating income already exceeding 84% of the target, although stock compensation expenses for employees are scheduled to be recorded in the fourth quarter and may affect final profitability metrics.
The most recent analyst rating on (JP:2146) stock is a Buy with a Yen255.00 price target. To see the full list of analyst forecasts on UT Group Co.,Ltd. stock, see the JP:2146 Stock Forecast page.
UT Group Co., Ltd. has approved the disposal of 26,451,100 shares of its treasury stock, worth approximately ¥5.69 billion at ¥215 per share, to fund a new stock-based compensation plan for employees. The shares will be transferred to a trust managed by Sumitomo Mitsui Trust Bank, with Custody Bank of Japan as sub-trustee, and ultimately granted to eligible employees based on the company’s net income during the trust period.
The disposal will result in share dilution of about 4.42% of shares outstanding, or 4.62% of voting rights, calculated after a recent 15-for-1 stock split effective January 1, 2026. UT Group believes the plan will enhance employee engagement, improve retention and re-entry rates, and support medium- to long-term corporate value, while judging the dilution and pricing, set at the prior trading day’s closing price, to have minimal impact on the secondary market.
The most recent analyst rating on (JP:2146) stock is a Buy with a Yen255.00 price target. To see the full list of analyst forecasts on UT Group Co.,Ltd. stock, see the JP:2146 Stock Forecast page.
UT Group Co., Ltd. has finalized the structure of a new stock-based compensation plan for employees, revising details previously approved in August 2025 to strengthen retention and encourage re-entry of staff. The plan is designed to raise medium- to long-term corporate value by tying employee incentives directly to the company’s share performance.
Under the scheme, UT Group will fund a trust that acquires its common shares, which are then granted to employees based on points linked to accumulated working hours and the company’s net income. Because the company bears all acquisition costs, employees gain economic upside from share price increases without personal outlay, aligning their interests with shareholders and potentially improving motivation and engagement across the workforce.
The plan counts intermittent working periods within the group toward cumulative hours, with tiered point ranks that can award up to two points per hour for long-serving staff. Shares are granted twice a year once an employee’s cumulative hours reach the equivalent of one year, embedding a long-term horizon into compensation and supporting higher retention in a competitive labor market.
Governance is built into the structure through a third-party trust administrator, who is tasked with protecting beneficiary interests and directing how voting rights attached to the trust-held shares are exercised. This framework aims to ensure that expanded employee ownership does not compromise shareholder oversight while broadening equity participation throughout the company.
The most recent analyst rating on (JP:2146) stock is a Buy with a Yen255.00 price target. To see the full list of analyst forecasts on UT Group Co.,Ltd. stock, see the JP:2146 Stock Forecast page.
UT Group Co., Ltd. has completed a share repurchase program authorized by its board in November 2025, buying back 378,000 common shares on the Tokyo Stock Exchange in February 2026 for 80.26 million yen. This latest tranche finalized the buyback initiative, which ran from November 14, 2025 to February 12, 2026 and was executed under provisions of the Companies Act of Japan.
In total, the company repurchased 2,588,500 of its own shares for 511.98 million yen, with figures adjusted to reflect a stock split that took effect on January 1, 2026. The completed buyback, within the approved ceiling of 4.5 million shares and 512 million yen, is likely aimed at improving capital efficiency and shareholder returns, potentially supporting the stock by reducing the free float and signaling management’s confidence in the company’s valuation.
The most recent analyst rating on (JP:2146) stock is a Buy with a Yen255.00 price target. To see the full list of analyst forecasts on UT Group Co.,Ltd. stock, see the JP:2146 Stock Forecast page.
UT Group has approved a share buyback program under Japan’s Companies Act, authorizing the repurchase of up to 4.8 million common shares, or about 0.8% of its outstanding stock, for a maximum of 635 million yen via market purchases on the Tokyo Stock Exchange between February 13 and May 13, 2026. The company plans to use the repurchased shares primarily for stock grants to employees, aiming to strengthen human capital, enhance capital efficiency, and support a sustainable growth foundation, while modestly adjusting its treasury stock position following a recent 15-for-1 stock split.
As of December 31, 2025, UT Group held 27,881,925 treasury shares out of 599,198,745 outstanding shares after the stock split, so the newly authorized buyback represents a limited but targeted capital allocation move. By linking equity incentives to employee compensation, the initiative underscores management’s focus on aligning staff interests with long-term corporate performance and may be viewed by investors as a signal of confidence in the company’s value and future prospects.
The most recent analyst rating on (JP:2146) stock is a Buy with a Yen255.00 price target. To see the full list of analyst forecasts on UT Group Co.,Ltd. stock, see the JP:2146 Stock Forecast page.
UT Group Co., Ltd. has approved a dividend from surplus for shareholders of record as of December 31, 2025, setting the third-quarter FY3/2026 dividend at ¥38.96 per share, unchanged from its latest forecast. Following a 15-for-1 stock split effective January 1, 2026, this equates to ¥2.60 per share post-split, with the company maintaining its year-end dividend forecast and continuing to source payments from retained earnings.
Management reaffirmed its basic policy of a 100% payout ratio during the Fifth Medium-Term Management Plan period, with a minimum annual dividend of ¥10 per share on a post-split basis. Historical data show a rising commitment to shareholder returns, with total return ratios climbing to 100% by FY3/2025 through a combination of dividends and share buybacks, underscoring UT Group’s focus on stable and substantial capital return to investors.
The most recent analyst rating on (JP:2146) stock is a Buy with a Yen255.00 price target. To see the full list of analyst forecasts on UT Group Co.,Ltd. stock, see the JP:2146 Stock Forecast page.
UT Group Co., Ltd. reported consolidated net sales of ¥125.3 billion for the nine months to December 31, 2025, down 8.4% year on year, while operating income rose 22.8% to ¥8.1 billion and ordinary income climbed 21.1%. Net income attributable to owners of the parent fell 35.5% to ¥5.4 billion, equity ratio declined to 39.1%, and earnings per share were adjusted for a 15-for-1 stock split effective January 1, 2026.
The company maintained its full-year forecast for FY3/2026, projecting a 13.7% drop in net sales to ¥168.0 billion but double-digit growth in operating and ordinary income, alongside a 32.0% decrease in net income, implying continued margin focus amid top-line pressure. UT Group also outlined an active dividend policy with substantial interim and third-quarter payouts and a planned year-end dividend calibrated to the stock split, signaling ongoing shareholder returns despite lower profits and a softer balance sheet position.
The most recent analyst rating on (JP:2146) stock is a Buy with a Yen255.00 price target. To see the full list of analyst forecasts on UT Group Co.,Ltd. stock, see the JP:2146 Stock Forecast page.
UT Group Co., Ltd. reported on the status of its ongoing share repurchase program authorized by its board in November 2025 under Japan’s Companies Act. In January 2026, the company bought back 892,000 common shares on the Tokyo Stock Exchange for a total of ¥186.6 million, contributing to cumulative repurchases of 2,210,500 shares worth approximately ¥431.7 million as of January 31, 2026. Following a stock split effective January 1, 2026, the maximum number of shares authorized for repurchase expanded from 300,000 to 4,500,000 shares, signaling a continued commitment to shareholder returns and capital efficiency while potentially improving liquidity and earnings per share for existing shareholders.
The most recent analyst rating on (JP:2146) stock is a Buy with a Yen232.00 price target. To see the full list of analyst forecasts on UT Group Co.,Ltd. stock, see the JP:2146 Stock Forecast page.
UT Group Co., Ltd. has reported the status of its share repurchase program authorized by its board on November 13, 2025, announcing that it acquired 61,400 of its common shares on the Tokyo Stock Exchange in December 2025 for a total of ¥173,162,200. Under the broader program, which runs from November 14, 2025, to February 12, 2026, the company has cumulatively repurchased 87,900 shares for ¥245,145,000 as of December 31, 2025, reflecting ongoing capital management efforts that may support shareholder value through reduced share float and more efficient capital allocation.
The most recent analyst rating on (JP:2146) stock is a Hold with a Yen2500.00 price target. To see the full list of analyst forecasts on UT Group Co.,Ltd. stock, see the JP:2146 Stock Forecast page.