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U-NEXT HOLDINGS Co.Ltd.
(9418)
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Rating:64Neutral
Price Target:
¥1,889.00
▲(7.82% Upside)
Action:Downgraded
Date:10/15/26
The score is driven primarily by solid revenue growth and continued profitability, but tempered by recent margin compression, weaker cash conversion, and increased leverage. Technical indicators are mildly supportive without strong momentum, while valuation appears fair-to-slightly demanding with a low dividend yield.
Positive Factors
Recurring subscription model
Recurring subscription fees provide a relatively predictable revenue base across the group’s media and telecommunications services. This model can support customer retention, visibility into future sales, and continued investment in content and service offerings over the coming quarters.
Negative Factors
Margin compression
Recent margin deterioration shows that higher revenue is not currently translating proportionately into earnings. If elevated costs or investment spending persist, weaker profitability could limit operating leverage, reduce retained cash generation, and delay the conversion of growth into stronger shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring subscription model
Recurring subscription fees provide a relatively predictable revenue base across the group’s media and telecommunications services. This model can support customer retention, visibility into future sales, and continued investment in content and service offerings over the coming quarters.
Read all positive factors
U-NEXT HOLDINGS Co.Ltd. (9418) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥322.33B
Dividend Yield0.95%
Average Volume (3M)451.82K
Price to Earnings (P/E)21.9
Beta (1Y)0.37
Revenue Growth20.38%
EPS Growth-18.68%
CountryJP
Employees5,737
SectorGeneral
Sector StrengthN/A
IndustryConglomerates
Share Statistics
EPS (TTM)82.94
Shares Outstanding180,375,340
10 Day Avg. Volume648,680
30 Day Avg. Volume451,816
Financial Highlights & Ratios
PEG Ratio-1.12
Price to Book (P/B)2.86
Price to Sales (P/S)0.67
P/FCF Ratio28.99
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)103.46
Revenue Forecast (FY)¥507.52B
U-NEXT HOLDINGS Co.Ltd. Business Overview & Revenue Model
Company Description
U-NEXT HOLDINGS Co.,Ltd., a diversified Japanese corporation founded in 2009 and headquartered in Tokyo, adopted its current name in April 2024, having previously been known as USEN-NEXT HOLDINGS Co.,Ltd. The company primarily engages in providing...
How the Company Makes Money
U-NEXT HOLDINGS generates revenue mainly through recurring subscription fees and service charges collected by its operating subsidiaries. A key earnings driver is its U-NEXT-branded video streaming business, where customers pay monthly subscriptio...
U-NEXT HOLDINGS Co.Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
67
Positive
Cash Flow
58
Neutral
| Breakdown | Aug 2026 | Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 469.96B | 390.41B | 326.75B | 276.34B | 237.93B |
| Gross Profit | 139.97B | 128.82B | 117.16B | 96.48B | 84.50B |
| EBITDA | 46.12B | 42.81B | 38.30B | 29.66B | 24.55B |
| Net Income | 14.96B | 18.39B | 15.36B | 10.96B | 8.69B |
Balance Sheet | |||||
| Total Assets | 354.33B | 259.78B | 229.24B | 200.85B | 153.40B |
| Cash, Cash Equivalents and Short-Term Investments | 62.84B | 56.88B | 52.74B | 52.13B | 26.39B |
| Total Debt | 97.77B | 70.50B | 65.68B | 66.09B | 61.10B |
| Total Liabilities | 229.28B | 151.07B | 137.21B | 123.15B | 113.12B |
| Stockholders Equity | 109.34B | 97.57B | 81.87B | 68.45B | 40.28B |
Cash Flow | |||||
| Free Cash Flow | 10.78B | 10.55B | 9.59B | 5.33B | 12.36B |
| Operating Cash Flow | 23.74B | 20.67B | 15.87B | 10.68B | 17.66B |
| Investing Cash Flow | -44.24B | -20.18B | -10.63B | 17.36B | -7.41B |
| Financing Cash Flow | 25.63B | 3.50B | -4.75B | -3.69B | -5.45B |
U-NEXT HOLDINGS Co.Ltd. Technical Analysis
Positive
1752.00
Price Trends
1769.06
Positive
1710.71
Positive
1718.56
Positive
Market Momentum
21.76
Negative
50.71
Neutral
64.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9418, the sentiment is Positive. The current price of 1752 is below the 20-day moving average (MA) of 1799.90, below the 50-day MA of 1769.06, and above the 200-day MA of 1718.56, indicating a bullish trend. The MACD of 21.76 indicates Negative momentum. The RSI at 50.71 is Neutral, neither overbought nor oversold. The STOCH value of 64.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9418.
U-NEXT HOLDINGS Co.Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥12.56B | 15.05 | ― | 1.97% | 14.85% | 21.80% | |
71 Outperform | ¥13.73B | 5.10 | ― | 3.93% | 8.74% | ― | |
66 Neutral | ¥1.58T | 10.14 | ― | 2.13% | 7.44% | 60.02% | |
64 Neutral | ¥322.33B | 21.92 | ― | 0.95% | 20.38% | -18.68% | |
63 Neutral | ¥13.25B | 4.32 | ― | 1.14% | 11.25% | 141.44% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | ¥919.31B | 22.08 | ― | 1.21% | -41.04% | -82.38% |
* General Sector Average
JP:9418
U-NEXT HOLDINGS Co.Ltd.
1,787.00
-200.05
-10.07%
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U-NEXT HOLDINGS Co.Ltd. Corporate Events
U-NEXT HOLDINGS Beats Sales Forecast but Energy Costs Hit Profits
Oct 14, 2026
U-NEXT HOLDINGS reported consolidated net sales of ¥469.96 billion for the fiscal year ended August 31, 2026, exceeding its earlier forecast by 10.8%, while operating profit, ordinary profit, and profit attributable to owners of parent all un...
U-NEXT HOLDINGS Sets Year-End Dividend, Targets Higher Payout Ratio
Oct 14, 2026
U-NEXT HOLDINGS has resolved to pay a year-end dividend of 8.5 yen per share for the fiscal year ended August 31, 2026, with payment scheduled to begin on November 30, 2026. The total dividend from retained earnings for this year-end distribution ...
U-NEXT HOLDINGS Releases FY2026 Results and FY2027 Outlook
Oct 14, 2026
U-NEXT HOLDINGS released a high-level summary of its consolidated financial results for the fiscal year ended August 2026, covering overall performance and segment trends. The announcement also outlines its forecast for fiscal 2027, signaling mana...
U-NEXT Holdings Grows Revenue but Sees Profit Decline, Raises Dividend and FY2027 Outlook
Oct 14, 2026
U-NEXT HOLDINGS Co., Ltd. reported consolidated net sales of ¥469.9 billion for the fiscal year ended August 31, 2026, up 20.4% year on year, but operating profit fell 4.2% to ¥30.3 billion and profit attributable to owners of parent dro...
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.