1. Japan Stocks

  2. •

    Communications

  3. •

    Specialty telecommunications
U-NEXT HOLDINGS Co.Ltd.

U-NEXT HOLDINGS Co.Ltd.

10.10
EUR
+0.15
(+1.51%)
1.75BMarket Cap
Jan 14Next Earn
U-NEXT HOLDINGS Co.Ltd.
FRA:1UN
(Frankfurt Stock Exchange)

Recent

price

10.10

P/E

ratio

- -

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2019
2020
2021
2022
2023
2024
2025
TTM
JPY
497.48
593.26
689.31
930.38
634.35
975.48
1,072.08
1,156.02
1,319.96
1,539.49
1,811.68
2,164.59
- -
Revenue per Share
32.61
18.07
10.6
-18.97
2.37
33.68
27.24
44.63
48.19
61.05
85.15
101.99
- -
Basic EPS, GAAP
4.62
0.57
-46.06
-41.85
41.69
73.03
-0.33
44.12
58.17
11.97
32.11
20.7
- -
Free Cash Flow per Basic Share
- -
- -
1.33
1.99
0.01
- -
1.66
2.66
4.5
8.22
9.17
12.66
- -
Dividend per Share
7.74
87.32
96.72
75.92
66.76
117.22
142.76
184.92
223.43
379.66
453.86
540.92
584.49
Book Value per Share
4.36
77.19
71.94
-3.39
-231.61
-205.76
-162.61
-105.93
-52.76
109.68
192.22
246.08
277.34
Tangible Book Value per Share
36
39
49
49
180
180
180
180
180
180
180
180
180
Basic Weighted Avg Shares
17,940
23,276
33,967
45,846
114,291
175,769
193,192
208,351
237,927
276,344
326,754
390,408
- -
Sales/Revenue/Turnover
3.93
5.35
2.95
-0.86
5.13
4.69
5.63
7.49
7.28
7.8
8.91
8.2
- -
Operating Margin (%)
150
131
454
1,085
7,012
9,234
8,621
8,769
8,946
9,750
10,429
11,927
- -
Depreciation Expense
1,176
709
523
-935
427
6,069
4,909
8,044
8,687
10,959
15,357
18,395
- -
Net Income, GAAP
- -
39.17
42.49
- -
- -
- -
41.61
43.08
41.83
37.95
40.53
35.66
- -
Effective Tax Rate (%)
6.56
3.05
1.54
-2.04
0.37
3.45
2.54
3.86
3.65
3.97
4.7
4.71
- -
Profit Margin (%)
367
3,870
3,768
1,703
2,361
1,570
8,256
19,850
23,594
65,698
78,689
92,553
112,035
Working Capital
137
336
951
2,731
74,807
65,938
64,120
59,430
53,970
60,970
59,822
65,663
86,404
LT Debt
381
4,315
4,818
3,815
12,151
21,167
25,739
33,334
40,279
77,704
92,031
108,706
117,175
Total Equity
- -
23.67
8.88
- -
- -
- -
6.67
9.1
9.87
10.66
11.16
11.62
- -
Return on Invested Capital (%)
- -
23.78
8.05
- -
- -
- -
5.71
8.72
9.09
8.44
9.79
10.65
- -
Return on Capital (%)
- -
30.27
11.52
-21.98
5.42
36.61
20.96
27.24
23.6
20.16
20.43
20.5
- -
Return on Common Equity (%)

Capital Structure

JPY

•

in mil. unless spec.
Aug'25
Nov'26
Feb'26
ST Debt
4,692
- -
4,643
LT Borrowings
65,663
- -
86,404
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
180
180
180
Market Capitalization
- -
365,862
322,816

Working Capital

JPY

•

in mil. unless spec.
Aug'25
Nov'26
Feb'26
Total Current Assets
172,358
- -
199,283
Cash, Cash Equivalents & STI
56,882
- -
82,386
Accounts Receivable, Net
48,927
- -
44,716
Inventories
12,196
- -
13,113
Total Current Liabilities
79,805
- -
87,248
Payables & Accruals
- -
- -
- -
ST Debt
4,692
- -
4,643
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
48.5%
35.96%
18.12%
Free Cash Flow
-2,421.88%
-2,697.96%
-35.55%
Net Income, GAAP
100.92%
31.58%
19.78%
Sales/Revenue/Turnover
36.98%
15.18%
19.48%
Total Cash Common Dividend
- -
52.22%
38.17%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
73,724
78,525
83,288
91,217
326,754
2025
- -
- -
- -
- -
390,408
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
23.28
25.11
23.77
12.99
85.15
2025
- -
- -
- -
- -
101.99
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
9.17
2025
- -
- -
- -
- -
12.66
2026
- -
- -
- -
- -
- -
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Business
U-NEXT HOLDINGS Co.,Ltd. is a Japanese entertainment and technology company primarily engaged in content distribution, store services, telecommunications, business systems, and energy businesses. The company operates the U-NEXT video streaming service, offering a wide range of video on demand (VOD) content; music distribution; store solutions including cloud-based POS systems, payment services, order systems, and security services; telecommunications services such as internet sales agencies and ICT infrastructure for offices and individual customers; business management systems and automated payment machines for hotels, hospitals, and golf courses; and energy-related services. It also provides real estate and financial services including rent guarantees and insurance for stores, supported by its USEN IoT PLATFORM and U MUSIC AI-based background music service. Founded in 2017 and headquartered in Tokyo, U-NEXT HOLDINGS underwent a rebranding in April 2024, changing its name from USEN-NEXT HOLDINGS Co., Ltd. to U-NEXT HOLDINGS Co.,Ltd. It has recently expanded its business portfolio through the acquisition of Netmove Corporation in December 2024, enhancing its offerings in comprehensive credit purchase brokerage and settlement agency services. In 2025, the company reorganized its business segments, integrating store services and business systems into a new Store & Facility Solutions segment, combining communications and energy into a Communication & Energy segment, and launching a new Financial, Realty & Global segment to focus on rent guarantee, payment services, and real estate operations. The company also concluded a business collaboration agreement with GENDA Inc. in November 2024 to strengthen strategic partnerships. U-NEXT HOLDINGS serves a broad market that includes B2C subscribers of its U-NEXT streaming platform, retail and food service stores requiring digital and operational solutions, corporate clients needing ICT and network services, as well as financial and real estate sectors. The company maintains a strong presence in Japan and is exploring global business opportunities. It has demonstrated consistent sales growth driven by expanding its store service and content distribution businesses and focuses on digital transformation to boost operational efficiency and customer engagement. These developments position U-NEXT HOLDINGS as a diversified technology-driven entertainment and service provider with a comprehensive suite of digital, financial, and operational solutions catering to multiple industries and consumer segments across Japan and beyond.