U-NEXT HOLDINGS Co.Ltd. (9418) AI Stock Analysis

• Market Cap: ¥335.86B
• Dividend Yield: 0.82%
• Average Volume (3M): 504.96K
• Price to Earnings (P/E): 18.3
• Beta (1Y): 0.52
• Revenue Growth: 19.48%
• EPS Growth: 19.77%
• Country: JP
• Employees: 5,344
• Sector: Industrials
• Sector Strength: 72
• Industry: Conglomerates
• EPS (TTM): 25.13
• Shares Outstanding: 180,375,340
• 10 Day Avg. Volume: 588,190
• 30 Day Avg. Volume: 504,956
• PEG Ratio: 1.03
• Price to Book (P/B): 3.84
• Price to Sales (P/S): 0.96
• P/FCF Ratio: 33.43
• 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: 67 Neutral
• Price Target: ¥2,208.00 ▲(10.29% Upside)

U-NEXT HOLDINGS Co.Ltd. has a strong financial foundation with consistent revenue growth and robust profitability. However, technical indicators suggest a bearish trend, which may pose short-term challenges. The valuation appears fair, with a reasonable P/E ratio and modest dividend yield. The absence of recent earnings call data and corporate events limits additional insights.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategies, supporting long-term expansion and stability.

Cash Generation

Strong cash generation enhances financial flexibility, allowing for reinvestment in growth opportunities and resilience against economic downturns.

Profitability Margins

Healthy profitability margins reflect efficient operations and competitive pricing power, supporting sustainable earnings growth.

Negative Factors

Technical Indicators

While not a fundamental factor, persistent bearish technical trends may reflect underlying market concerns, potentially impacting investor sentiment.

Lack of Recent Corporate Events

The absence of recent corporate events or strategic updates may suggest a lack of proactive management initiatives to drive future growth.

Earnings Call Absence

The lack of recent earnings call data limits transparency and investor insight into management's strategic direction and operational performance.

U-NEXT HOLDINGS Co.Ltd. Business Overview & Revenue Model

Company Description

U-NEXT HOLDINGS Co.,Ltd. offers entertainment services. It operates through five business segments: Content Distribution Business, Store Services Business, Telecommunications Business, Business Systems Business, and Energy Business. It provides and sells the U-NEXT video distribution services; distributes music; provides, sells, and implements store solutions; offers services for restaurants; and manages and develops music copyright, etc. The company also offers USEN IoT PLATFORM that enables providing one-stop services to offer wireless communications and business equipment; the U MUSIC service that combines AI, which provides store BGM services; and the USEN Marutto Store DX, which offers a package service, including the U-Regi cloud POS cash register, the U-Pay payment service, order system, security cameras, and in-store signage and insurances, as well as operates Hitosara and provides Tabelog services for restaurants. In addition, it operates sales agencies for optical internet lines; and proposes and sells services for building ICT environments in offices, and optical internet lines for individual customers. Further, the company provides network-related, cloud, data center, and maintenance and operation services for corporate ICT environments; other services under the USEN GATE 02 brand; and smart works services, as well as develops, manufactures, and sells business management systems and automated payment machines for hotels, hospitals, golf courses, etc. Additionally, it engages in the energy business that provides services for commercial stores and facilities. The company was formerly known as USEN-NEXT HOLDINGS Co.,Ltd. and changed its name to U-NEXT HOLDINGS Co.,Ltd. in April 2024. U-NEXT HOLDINGS Co.,Ltd. was incorporated in 2009 and is based in Tokyo, Japan.

How the Company Makes Money

U-NEXT generates revenue primarily through its subscription model, where users pay a monthly fee for access to its extensive library of video content and other digital media. Key revenue streams include subscription fees from individual users, as well as partnerships with telecom operators and content providers that enhance its service offerings. Additionally, U-NEXT earns revenue from content licensing and advertising. Significant partnerships with leading production companies and distributors bolster its content library, attracting and retaining subscribers, which in turn drives its earnings.

U-NEXT HOLDINGS Co.Ltd. Financial Statement Overview

Summary

U-NEXT HOLDINGS Co.Ltd. exhibits strong financial health with consistent revenue growth and robust profitability margins. The balance sheet is stable with manageable leverage and strong equity returns. Cash flow metrics indicate efficient cash management and strong cash generation capabilities.

Income Statement

U-NEXT HOLDINGS Co.Ltd. has demonstrated consistent revenue growth with a 4.205% increase in the latest year. The company maintains healthy margins, with a Gross Profit Margin of 33.0% and a Net Profit Margin of 4.7%. EBIT and EBITDA margins are also strong at 8.2% and 11.0%, respectively. These metrics indicate robust profitability and operational efficiency, contributing to a high score.

Balance Sheet

The company shows a stable balance sheet with a Debt-to-Equity Ratio of 0.71, indicating manageable leverage. The Return on Equity (ROE) is strong at 18.8%, reflecting efficient use of equity to generate profits. The Equity Ratio stands at 37.6%, suggesting a solid equity base relative to total assets. Overall, the balance sheet reflects financial stability and prudent management.

Cash Flow

U-NEXT HOLDINGS Co.Ltd. has shown impressive Free Cash Flow growth, with a significant increase in the latest year. The Operating Cash Flow to Net Income Ratio is 1.12, indicating strong cash generation relative to net income. The Free Cash Flow to Net Income Ratio is 0.61, highlighting efficient cash flow management. These factors contribute to a strong cash flow position.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	374.65B	390.41B	326.75B	276.34B	237.93B	208.35B
Gross Profit	125.58B	128.82B	117.16B	96.48B	84.50B	81.58B
EBITDA	40.41B	42.81B	38.30B	29.66B	24.55B	23.63B
Net Income	15.91B	18.39B	15.36B	10.96B	8.69B	8.04B
Balance Sheet
Total Assets	252.72B	259.78B	228.96B	200.52B	153.01B	141.32B
Cash, Cash Equivalents and Short-Term Investments	58.50B	56.88B	52.74B	52.13B	26.39B	21.59B
Total Debt	69.60B	68.82B	62.89B	65.98B	60.94B	65.09B
Total Liabilities	148.97B	151.07B	136.93B	122.82B	112.73B	107.98B
Stockholders Equity	92.76B	97.57B	81.87B	68.45B	40.28B	33.33B
Cash Flow
Free Cash Flow	0.00	11.21B	9.59B	2.15B	10.49B	7.95B
Operating Cash Flow	0.00	20.67B	15.87B	10.68B	17.66B	15.72B
Investing Cash Flow	0.00	-20.18B	-10.63B	-9.44B	-7.41B	-4.20B
Financing Cash Flow	0.00	3.50B	-4.75B	23.11B	-5.45B	-6.72B

U-NEXT HOLDINGS Co.Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2002.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9418, the sentiment is Negative. The current price of 2002 is above the 20-day moving average (MA) of 1930.00, above the 50-day MA of 1966.64, and below the 200-day MA of 2073.19, indicating a bearish trend. The MACD of -34.61 indicates Positive momentum. The RSI at 35.13 is Neutral, neither overbought nor oversold. The STOCH value of 17.43 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9418.

U-NEXT HOLDINGS Co.Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8015	77 Outperform	¥5.94T	16.09	13.49%	2.10%	5.32%	9.73%
8053	77 Outperform	¥7.56T	12.40	12.86%	2.48%	3.19%	72.26%
9435	76 Outperform	¥1.82T	13.37	―	1.59%	14.45%	29.21%
9042	70 Outperform	¥1.03T	14.02	6.64%	2.07%	11.89%	-3.98%
9418	67 Neutral	¥335.86B	18.29	―	0.82%	19.48%	19.77%
9024	67 Neutral	¥1.06T	5.40	―	1.05%	85.03%	198.15%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

U-NEXT HOLDINGS Co.Ltd. Corporate Events

U-NEXT to Acquire 70% of JOYSOUND Operator XING to Expand Entertainment Ecosystem

U-NEXT HOLDINGS has agreed to acquire 70% of leading karaoke operator XING INC., owner of the JOYSOUND brand and a subsidiary of Brother Industries, turning it into a consolidated subsidiary to strengthen its position in the entertainment market. By integrating XING’s extensive karaoke catalog, proprietary distribution and playback technologies, and nationwide karaoke locations with U-NEXT’s large subscriber base, content library and sales network, the group aims to expand unique content on its streaming platform, build new B2B2C live-viewing models, grow karaoke equipment sales into sectors such as hospitality and healthcare, and deepen cross-selling of telecoms, music and payment services in the night-economy market, while improving service quality and productivity through shared sales and engineering resources.

The most recent analyst rating on (JP:9418) stock is a Hold with a Yen2208.00 price target. To see the full list of analyst forecasts on U-NEXT HOLDINGS Co.Ltd. stock, see the JP:9418 Stock Forecast page.

U-NEXT HOLDINGS Ensures Independence Amid Parent Company Control

U-NEXT HOLDINGS Co., Ltd. has announced details regarding its relationship with its parent company, UNO-HOLDINGS, which holds a controlling 50.1% stake. Despite this significant ownership, U-NEXT maintains operational independence, with no business transactions occurring between the two entities in the past fiscal year. The company has implemented measures to protect minority shareholders, including a Special Committee of independent directors to oversee and prevent conflicts of interest.

The most recent analyst rating on (JP:9418) stock is a Hold with a Yen2208.00 price target. To see the full list of analyst forecasts on U-NEXT HOLDINGS Co.Ltd. stock, see the JP:9418 Stock Forecast page.

U-NEXT HOLDINGS Announces Parent Company Financial Results

U-NEXT HOLDINGS Co., Ltd. announced the finalization of financial results for its unlisted parent company, UNO-HOLDINGS, for the fiscal year ending August 31, 2025. Yasuhide Uno, who serves as the Representative Director for both companies, holds 100% of the shares in UNO-HOLDINGS, indicating a strong centralized control. This announcement may influence stakeholders’ perceptions of the company’s governance and operational strategies.

The most recent analyst rating on (JP:9418) stock is a Hold with a Yen2208.00 price target. To see the full list of analyst forecasts on U-NEXT HOLDINGS Co.Ltd. stock, see the JP:9418 Stock Forecast page.

U-NEXT HOLDINGS Issues 20 Billion Yen Bonds for Strategic Growth

U-NEXT HOLDINGS Co., Ltd. has announced the issuance of its Second Series of Unsecured Straight Bonds in Japan, aiming to secure funds for its Medium-Term Management Plan ‘Road to 2030.’ The issuance, totaling 20 billion yen, will support capital expenditure, investment, and working capital through its subsidiaries, enhancing the company’s financial foundation and market positioning.

The most recent analyst rating on (JP:9418) stock is a Hold with a Yen2208.00 price target. To see the full list of analyst forecasts on U-NEXT HOLDINGS Co.Ltd. stock, see the JP:9418 Stock Forecast page.

U-NEXT HOLDINGS Unveils Ambitious ‘Road to 2030’ Plan

U-NEXT HOLDINGS Co., Ltd. has announced a new five-year Medium-Term Management Plan titled ‘Road to 2030’, starting from the fiscal year ending August 2026. The plan outlines strategic priorities such as achieving over 50% sales and earnings growth, shifting financial strategies from stability to growth, and developing high-potential talent. Financial targets include significant increases in net sales, operating profit, and EBITDA by 2030, aiming to enhance the company’s market position and drive long-term growth.

The most recent analyst rating on (JP:9418) stock is a Buy with a Yen2330.00 price target. To see the full list of analyst forecasts on U-NEXT HOLDINGS Co.Ltd. stock, see the JP:9418 Stock Forecast page.

U-NEXT HOLDINGS Announces Increased Dividend Payout

U-NEXT HOLDINGS Co., Ltd. announced a resolution to distribute a dividend of surplus, with a record date of August 31, 2025, and payments commencing on November 28, 2025. The dividend per share is set at 8.5 yen, an increase from the previous forecast, reflecting the company’s strong financial performance and commitment to shareholder returns. The company aims to increase its dividend payout ratio to 30% as part of its strategy to strengthen its business and financial foundations.

The most recent analyst rating on (JP:9418) stock is a Buy with a Yen2330.00 price target. To see the full list of analyst forecasts on U-NEXT HOLDINGS Co.Ltd. stock, see the JP:9418 Stock Forecast page.