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USS Co
(4732)
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Rating:75Outperform
Price Target:
¥2,168.00
▲(27.12% Upside)
Action:Reiterated
Date:05/14/26
The score is driven primarily by very strong financial performance—high profitability and a conservative, low-debt balance sheet—partly offset by weaker recent cash flow consistency. Technical signals are currently cautious (below key moving averages with negative MACD), while valuation is supportive with a moderate P/E and a ~3.1% dividend yield.
Positive Factors
Marketplace business model, recurring fees
USS operates a platform that connects institutional sellers and professional buyers, generating listing, transaction and value-added service fees. That marketplace model yields recurring, transaction-linked revenue and network effects, supporting durable scale and cross-sell monetization over time.
Negative Factors
Recent cash-flow weakening
Declining free cash flow and sub-1x operating cash flow coverage of net income signal weaker cash conversion recently. This reduces internal funding for capex, acquisitions or dividends and increases sensitivity to earnings volatility, constraining capital-allocation flexibility long term.
Read all positive and negative factors
Positive Factors
Negative Factors
Marketplace business model, recurring fees
USS operates a platform that connects institutional sellers and professional buyers, generating listing, transaction and value-added service fees. That marketplace model yields recurring, transaction-linked revenue and network effects, supporting durable scale and cross-sell monetization over time.
Read all positive factors
USS Co (4732) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥889.46B
Dividend Yield2.64%
Average Volume (3M)1.02M
Price to Earnings (P/E)21.7
Beta (1Y)0.42
Revenue Growth9.45%
EPS Growth12.95%
CountryJP
Employees1,130
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Dealerships
Share Statistics
EPS (TTM)88.82
Shares Outstanding474,000,000
10 Day Avg. Volume964,960
30 Day Avg. Volume1,019,026
Financial Highlights & Ratios
PEG Ratio1.45
Price to Book (P/B)3.72
Price to Sales (P/S)6.78
P/FCF Ratio22.32
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)93.96
Revenue Forecast (FY)¥120.58B
USS Co Business Overview & Revenue Model
Company Description
USS Co., Ltd., alongside its affiliated companies, specializes in the operation and management of used vehicle auction venues across Japan. The company facilitates the sale and distribution of pre-owned automobiles through 19 physical auction loca...
How the Company Makes Money
USS makes money mainly by operating used-vehicle auction marketplaces and charging fees tied to transaction activity. Key revenue streams generally include: (1) auction-related fees paid by participants, such as listing/consignment fees charged to...
USS Co Financial Statement Overview
Summary
Income Statement
90
Very Positive
Balance Sheet
93
Very Positive
Cash Flow
78
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 113.85B | 104.02B | 97.61B | 88.78B | 81.48B |
| Gross Profit | 71.45B | 63.79B | 58.00B | 52.72B | 49.86B |
| EBITDA | 66.32B | 60.25B | 53.91B | 49.80B | 49.52B |
| Net Income | 41.36B | 37.64B | 32.91B | 30.01B | 29.75B |
Balance Sheet | |||||
| Total Assets | 270.13B | 268.34B | 272.64B | 243.62B | 230.76B |
| Cash, Cash Equivalents and Short-Term Investments | 110.43B | 116.22B | 112.01B | 95.69B | 82.38B |
| Total Debt | 2.10B | 2.25B | 2.66B | 2.42B | 2.83B |
| Total Liabilities | 59.16B | 60.98B | 73.61B | 49.47B | 48.28B |
| Stockholders Equity | 207.52B | 204.20B | 196.00B | 191.46B | 180.34B |
Cash Flow | |||||
| Free Cash Flow | 34.56B | 35.39B | 45.05B | 32.81B | 35.50B |
| Operating Cash Flow | 43.91B | 38.16B | 47.15B | 36.91B | 36.63B |
| Investing Cash Flow | -21.27B | -6.00B | -2.65B | -9.07B | -1.34B |
| Financing Cash Flow | -38.43B | -29.95B | -28.19B | -17.12B | -24.68B |
USS Co Technical Analysis
Positive
1705.50
Price Trends
1783.62
Positive
1764.03
Positive
1732.01
Positive
Market Momentum
35.74
Negative
66.16
Neutral
73.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4732, the sentiment is Positive. The current price of 1705.5 is below the 20-day moving average (MA) of 1865.90, below the 50-day MA of 1783.62, and below the 200-day MA of 1732.01, indicating a bullish trend. The MACD of 35.74 indicates Negative momentum. The RSI at 66.16 is Neutral, neither overbought nor oversold. The STOCH value of 73.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4732.
USS Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥889.46B | 21.70 | 19.13% | 2.64% | 9.45% | 12.95% | |
64 Neutral | ¥137.06B | 11.50 | ― | 2.82% | 13.31% | -11.40% | |
63 Neutral | ¥304.06B | 19.70 | ― | 1.24% | 19.04% | 108.13% | |
63 Neutral | ¥28.61B | 12.10 | ― | 4.79% | -8.90% | -31.83% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | ¥53.23B | 10.83 | ― | 4.49% | 10.55% | -6.00% | |
49 Neutral | ¥2.94B | 20.11 | ― | 1.08% | -0.94% | ― |
* Consumer Cyclical Sector Average
JP:4732
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USS Co Corporate Events
USS to Dispose of Treasury Stock for Employee Share Incentive Plan
Jun 23, 2026
USS Co., Ltd. has approved the disposal of 502,500 shares of its treasury stock via a third-party allotment to The Nomura Trust and Banking Co., Ltd., acting for the USS Employee Stock Ownership Plan Trust Account, at a price of 1,890.5 yen per sh...
USS Revives Trust-Based Employee Stock Incentive Plan E-Ship
Jun 23, 2026
USS Co., Ltd. has approved the reintroduction of its trust-based employee stock ownership incentive plan, known as E-Ship, to align employees with shareholders and support the company’s medium- to long-term growth. The plan targets all membe...
USS Co. Executes ToSTNeT-3 Buyback and Details Japanese ASR Warrant Terms
May 13, 2026
USS Co., Ltd. has executed a share repurchase through the Tokyo Stock Exchange’s ToSTNeT-3 off-auction system as part of a previously announced board-approved buyback program. The transaction, carried out with SMBC Nikko Securities Inc., res...
USS completes ¥18 billion ToSTNeT-3 share buyback to bolster capital efficiency
May 13, 2026
USS Co., Ltd. has completed a previously announced share repurchase, buying 10,332,900 of its own common shares for approximately ¥18 billion via the Tokyo Stock Exchange’s ToSTNeT-3 off-auction trading system on May 13, 2026. The move,...
USS Co. Launches ¥18 Billion Share Buyback via ToSTNeT-3 to Boost Shareholder Returns
May 12, 2026
USS Co., Ltd. has approved a significant share repurchase program via the Tokyo Stock Exchange’s ToSTNeT-3 off-auction system, aiming to buy back up to 12 million shares with a maximum outlay of ¥18 billion. The initial transaction, sch...
USS Co. Launches ¥18 Billion Share Buyback to Boost Payouts and ROE
May 12, 2026
USS Co., Ltd. has approved a new share repurchase program, authorizing the buyback of up to 12 million shares, or about 2.58% of its outstanding stock, for a maximum of ¥18 billion via the Tokyo Stock Exchange’s ToSTNeT-3 off-auction sy...
USS Co. refreshes board with two new directors as veteran executive retires
May 12, 2026
USS Co., Ltd. has announced changes to its board of directors, reflecting a reorganization of its leadership team ahead of the 46th Ordinary General Meeting of Shareholders on June 23, 2026. The company remains led by Chairman and CEO Yukihiro And...
USS Co. Raises Year-End Dividend and Commits to Higher Shareholder Payouts
May 12, 2026
USS Co., Ltd., the used vehicle auction operator listed in Tokyo and Nagoya, announced a higher year-end dividend as part of an enhanced shareholder return policy. The company continues to leverage its strong earnings base to deliver increased cas...
USS Co. lifts profits and dividends as growth moderates after strong fiscal 2026
May 12, 2026
USS Co., Ltd. reported solid growth for the fiscal year ended March 31, 2026, with net sales rising 9.5% to ¥113.9 billion and operating profit increasing 10.4% to ¥59.8 billion. Profit attributable to owners of the parent climbed 9.9% t...
USS Co. posts higher volumes and stronger close rates in used car auctions
Apr 6, 2026
USS Co., Ltd., a major operator of used car auctions in Japan and a listed company on the Tokyo and Nagoya exchanges, reported solid growth in auction activity for the fourth quarter and the full fiscal year ended March 31, 2026. The company’...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.