UNITED, Inc.

UNITED, Inc.

2497.T
UNITED, Inc.JP flagTokyo Stock Exchange
520.00
JPY
+3.00
- -
19.47BMarket Cap
UNITED, Inc.
2497.T
(Tokyo Stock Exchange)

Recent

price

520.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
213.89
195.8
148.71
135.47
176.95
238.17
317.28
314.05
598.76
465.12
368.29
301.21
332.26
321.16
306.38
- -
86.79
Revenue per Share
7.18
30.22
-7.62
2.23
11.72
33.79
20.08
18.47
152.15
31.22
84.04
90.63
104.67
60.44
37.69
- -
-18.22
Basic EPS, GAAP
6.84
5.06
-6
-6.33
9.8
12.96
20.17
27.2
176.54
40.29
154.08
61.82
93.67
49.22
29.9
- -
- -
Free Cash Flow per Basic Share
0.79
1.32
2.44
1.18
0.98
6.43
2.49
6.46
12.94
24.36
8.52
18.37
20.1
35.42
47.87
- -
- -
Dividend per Share
113.55
137.25
106.48
92.73
103.95
130.66
150.34
162.34
301.27
315.45
395.16
424.12
514.81
544.99
532.87
- -
561.75
Book Value per Share
201
205.27
167.61
154.8
170.86
180.01
176.58
196.56
771.62
579.54
807.1
704.21
643.3
591.65
532.46
- -
561.09
Tangible Book Value per Share
25
27
31
45
47
47
46
46
46
45
44
42
40
39
39
- -
39
Basic Weighted Avg Shares
5,419
5,193
4,624
6,157
8,331
11,132
14,596
14,444
27,581
20,912
16,339
12,715
13,140
12,574
12,036
8,863
3,403
Sales/Revenue/Turnover
5.75
8.6
0.05
2.26
4.45
13.56
9.56
11.41
40.19
24.39
34.32
45.13
44.32
38.65
21.99
-13.78
-14.95
Operating Margin (%)
138
125
217
68
59
130
307
403
875
1,036
299
198
330
305
225
322
- -
Depreciation Expense
182
802
-237
101
552
1,579
924
850
7,008
1,404
3,728
3,826
4,139
2,366
1,480
-1,559
-714
Net Income, GAAP
38.22
- -
- -
30.41
- -
18.46
31.53
45.76
34.46
10.42
32.08
34.17
32.89
41.86
41.52
- -
- -
Effective Tax Rate (%)
3.36
15.44
-5.12
1.65
6.62
14.19
6.33
5.88
25.41
6.71
22.82
30.09
31.5
18.82
12.3
-17.59
-20.99
Profit Margin (%)
4,775
5,172
4,743
6,200
7,565
7,981
7,538
8,253
44,608
29,876
43,001
31,367
25,114
22,316
18,871
15,253
20,353
Working Capital
99
124
190
- -
- -
15
11
7
335
353
107
76
55
51
97
35
48
LT Debt
5,337
5,802
5,444
7,160
8,160
9,037
9,552
10,281
40,101
26,532
36,035
30,289
26,647
23,541
21,770
17,764
22,396
Total Equity
2.73
- -
- -
1.46
- -
13.54
9.56
8.42
26.08
12.71
11.72
10.89
13.1
10.78
6.61
- -
- -
Return on Invested Capital (%)
5.94
- -
- -
2.59
- -
28.43
14.13
11.14
65.08
9.66
22.91
21.29
21.38
11.28
6.73
- -
- -
Return on Capital (%)
6.52
24.6
-6.82
2.69
12.11
28.71
14.19
11.81
65.67
10.01
23.51
21.59
21.64
11.35
7
-8.01
-3.17
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
106
- -
106
LT Borrowings
51
- -
48
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
39
- -
39
Market Capitalization
35,013
31,640
30,268

Working Capital

FRC

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
24,379
- -
22,598
Cash, Cash Equivalents & STI
20,822
- -
21,381
Accounts Receivable, Net
968
- -
871
Inventories
33
- -
38
Total Current Liabilities
2,063
- -
2,244
Payables & Accruals
- -
- -
- -
ST Debt
106
- -
106
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
23.98%
-13.11%
-18.4%
Free Cash Flow
27.59%
-112.36%
-454.93%
Net Income, GAAP
48.63%
-54.95%
-205.32%
Sales/Revenue/Turnover
2.12%
-10.76%
-26.36%
Total Cash Common Dividend
40.67%
38.13%
-27.01%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7,225
1,946
1,616
1,787
12,574
2025
- -
- -
- -
- -
12,036
2026
- -
- -
- -
- -
8,863

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
94.31
- -
- -
- -
60.44
2025
- -
- -
- -
- -
37.69
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
35.42
2025
- -
- -
- -
- -
47.87
2026
- -
- -
- -
- -
- -
Business
UNITED, Inc. (TSE Growth: 2497) is a Japan-based company primarily engaged in Internet-related businesses, operating through investment, education, personnel matching, ad tech, and content segments; it provides AdTech platforms including Bypass for advertisers and agencies, adstir for publishers; content services such as the Crash Fever role-playing game, CocoPPa Play dress-up avatar platform, Dream Mail sweepstakes site, CHEERZ artist support service, and sports-related media; EdTech offerings like TechAcademy online programming school and digital transformation consulting; personnel matching solutions; and venture capital investments in startups with fund management. Founded in February 1998 and headquartered at MFPR Shibuya Building in Tokyo, the company targets domestic Japanese markets including advertisers, publishers, gamers, learners, artists, and startups, with approximately 471 full-time consolidated employees as of March 2025. Recent developments include a lead investment in BrainBuddy Inc. in June 2025, investment in Thirdverse for MR/VR games with Sanrio collaboration in September 2025, and investment in FUNDiT for IT business M&A roll-ups targeting digital marketing firms; additionally, it announced a share repurchase via ToSTNeT-3 in May 2025 and reported full-year FY03/25 results in June 2025.