Reported Earnings • Jul 14
Third quarter 2026 earnings released: EPS: JP¥16.83 (vs JP¥22.90 in 3Q 2025) Third quarter 2026 results: EPS: JP¥16.83 (down from JP¥22.90 in 3Q 2025). Revenue: JP¥119.5b (up 24% from 3Q 2025). Net income: JP¥3.04b (down 27% from 3Q 2025). Profit margin: 2.5% (down from 4.3% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 14% per year. Annonce • Jun 14
U-NEXT HOLDINGS Co.,Ltd. to Report Q3, 2026 Results on Jul 13, 2026 U-NEXT HOLDINGS Co.,Ltd. announced that they will report Q3, 2026 results on Jul 13, 2026 Declared Dividend • May 26
First half dividend of JP¥8.50 announced Shareholders will receive a dividend of JP¥8.50. Ex-date: 28th August 2026 Payment date: 30th November 2026 Dividend yield will be 1.1%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 29% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 14
Second quarter 2026 earnings released: EPS: JP¥29.67 (vs JP¥26.99 in 2Q 2025) Second quarter 2026 results: EPS: JP¥29.67 (up from JP¥26.99 in 2Q 2025). Revenue: JP¥108.2b (up 14% from 2Q 2025). Net income: JP¥5.35b (up 9.9% from 2Q 2025). Profit margin: 4.9% (down from 5.1% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 19% per year. Annonce • Apr 04
U-NEXT HOLDINGS Co.,Ltd. to Report Q2, 2026 Results on Apr 13, 2026 U-NEXT HOLDINGS Co.,Ltd. announced that they will report Q2, 2026 results on Apr 13, 2026 Upcoming Dividend • Feb 19
Upcoming dividend of JP¥8.50 per share Eligible shareholders must have bought the stock before 26 February 2026. Payment date: 26 May 2026. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (3.3%). Reported Earnings • Jan 15
First quarter 2026 earnings released: EPS: JP¥25.13 (vs JP¥25.32 in 1Q 2025) First quarter 2026 results: EPS: JP¥25.13 (down from JP¥25.32 in 1Q 2025). Revenue: JP¥104.7b (up 14% from 1Q 2025). Net income: JP¥4.53b (flat on 1Q 2025). Profit margin: 4.3% (down from 5.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Dec 26
U-NEXT HOLDINGS Co.,Ltd. (TSE:9418) entered into a Share Transfer Agreement to acquire 70% stake in XING Inc. from Brother Industries, Ltd. (TSE:6448) for ¥17.5 billion. U-NEXT HOLDINGS Co.,Ltd. (TSE:9418) entered into a Share Transfer Agreement to acquire 70% stake in XING Inc. from Brother Industries, Ltd. (TSE:6448) for ¥17.5 billion on December 24, 2025. The Acquisition is funded with the internal funds of U-NEXT HOLDINGS Co.,Ltd.
For the period ending March 31, 2025, XING Inc. reported total revenue of ¥27.71 billion. As of March 31, 2025, XING Inc. reported total assets of ¥25.55 billion and total common equity of ¥14.5 billion.
The expected completion of the transaction is April 1, 2026. Annonce • Dec 13
U-NEXT HOLDINGS Co.,Ltd. to Report Q1, 2026 Results on Jan 14, 2026 U-NEXT HOLDINGS Co.,Ltd. announced that they will report Q1, 2026 results on Jan 14, 2026 Declared Dividend • Dec 11
Final dividend of JP¥8.50 announced Shareholders will receive a dividend of JP¥8.50. Ex-date: 26th February 2026 Payment date: 26th May 2026 Dividend yield will be 0.9%, which is lower than the industry average of 2.6%. Payout Ratios Payout ratio: 15%. Cash payout ratio: 70%. Price Target Changed • Oct 23
Price target increased by 8.3% to JP¥2,350 Up from JP¥2,170, the current price target is an average from 4 analysts. New target price is 12% above last closing price of JP¥2,103. Stock is up 33% over the past year. The company is forecast to post earnings per share of JP¥103 for next year compared to JP¥102 last year. Reported Earnings • Oct 15
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥102 (up from JP¥85.14 in FY 2024). Revenue: JP¥390.4b (up 20% from FY 2024). Net income: JP¥18.4b (up 20% from FY 2024). Profit margin: 4.7% (in line with FY 2024). Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 8.2%. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Oct 14
U-NEXT HOLDINGS Co.,Ltd., Annual General Meeting, Nov 27, 2025 U-NEXT HOLDINGS Co.,Ltd., Annual General Meeting, Nov 27, 2025. Price Target Changed • Sep 23
Price target increased by 8.8% to JP¥2,255 Up from JP¥2,073, the current price target is an average from 4 analysts. New target price is 7.6% above last closing price of JP¥2,096. Stock is up 11% over the past year. The company is forecast to post earnings per share of JP¥95.68 for next year compared to JP¥85.14 last year. Annonce • Sep 12
U-NEXT HOLDINGS Co.,Ltd. to Report Fiscal Year 2025 Results on Oct 14, 2025 U-NEXT HOLDINGS Co.,Ltd. announced that they will report fiscal year 2025 results on Oct 14, 2025 Upcoming Dividend • Aug 21
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 28 August 2025. Payment date: 01 December 2025. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.1%). Price Target Changed • Jul 16
Price target increased by 9.3% to JP¥2,120 Up from JP¥1,939, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of JP¥2,055. Stock is up 40% over the past year. The company is forecast to post earnings per share of JP¥98.13 for next year compared to JP¥85.14 last year. Reported Earnings • Jul 14
Third quarter 2025 earnings released: EPS: JP¥22.90 (vs JP¥23.77 in 3Q 2024) Third quarter 2025 results: EPS: JP¥22.90 (down from JP¥23.77 in 3Q 2024). Revenue: JP¥96.7b (up 16% from 3Q 2024). Net income: JP¥4.13b (down 3.6% from 3Q 2024). Profit margin: 4.3% (down from 5.1% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jun 18
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 26% to JP¥2,187. The fair value is estimated to be JP¥1,821, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 6.5% per annum. Earnings are also forecast to grow by 8.6% per annum over the same time period. Annonce • Jun 10
U-NEXT HOLDINGS Co.,Ltd. to Report Q3, 2025 Results on Jul 10, 2025 U-NEXT HOLDINGS Co.,Ltd. announced that they will report Q3, 2025 results on Jul 10, 2025 Buy Or Sell Opportunity • Jun 02
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 26% to JP¥2,191. The fair value is estimated to be JP¥1,821, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 6.5% per annum. Earnings are also forecast to grow by 8.6% per annum over the same time period. Declared Dividend • May 27
First half dividend of JP¥7.00 announced Shareholders will receive a dividend of JP¥7.00. Ex-date: 28th August 2025 Payment date: 1st December 2025 Dividend yield will be 0.6%, which is lower than the industry average of 2.6%. Reported Earnings • Apr 11
Second quarter 2025 earnings released: EPS: JP¥26.99 (vs JP¥25.11 in 2Q 2024) Second quarter 2025 results: EPS: JP¥26.99 (up from JP¥25.11 in 2Q 2024). Revenue: JP¥94.9b (up 21% from 2Q 2024). Net income: JP¥4.87b (up 7.5% from 2Q 2024). Profit margin: 5.1% (down from 5.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Apr 10
U-Next Holdings Co.,Ltd. Declares Dividend for the Second Quarter of Fiscal Year Ending August 31, 2025, Payable on May 26, 2025; Provides Dividend Guidance for Fiscal Year Ending August 31, 2025 U-NEXT HOLDINGS Co.,Ltd. declared dividend for the Second Quarter of Fiscal Year Ending August 31, 2025. For the second quarter, the company expects a dividend of JPY 7.00 per share against JPY 16.00 per share a year ago. Scheduled date of commencing dividend payments: May 26, 2025.
For the fiscal year Ending August 31, 2025, the company expects a dividend of JPY 7.00 per share against JPY 17.00 per share a year ago. Annonce • Mar 08
U-NEXT HOLDINGS Co.,Ltd. to Report Q2, 2025 Results on Apr 10, 2025 U-NEXT HOLDINGS Co.,Ltd. announced that they will report Q2, 2025 results on Apr 10, 2025 Upcoming Dividend • Feb 20
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 27 February 2025. Payment date: 27 May 2025. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.3%). Reported Earnings • Jan 15
First quarter 2025 earnings released: EPS: JP¥75.96 (vs JP¥23.28 in 1Q 2024) First quarter 2025 results: EPS: JP¥75.96 (up from JP¥23.28 in 1Q 2024). Revenue: JP¥91.9b (up 25% from 1Q 2024). Net income: JP¥4.57b (up 8.8% from 1Q 2024). Profit margin: 5.0% (down from 5.7% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Declared Dividend • Dec 19
Final dividend of JP¥7.00 announced Shareholders will receive a dividend of JP¥7.00. Ex-date: 27th February 2025 Payment date: 27th May 2025 Dividend yield will be 1.4%, which is lower than the industry average of 2.6%. Payout Ratios Payout ratio: 13%. Cash payout ratio: 39%. Annonce • Dec 14
U-NEXT HOLDINGS Co.,Ltd. to Report Q1, 2025 Results on Jan 14, 2025 U-NEXT HOLDINGS Co.,Ltd. announced that they will report Q1, 2025 results on Jan 14, 2025 Reported Earnings • Dec 04
Full year 2024 earnings: EPS in line with analyst expectations despite revenue beat Full year 2024 results: EPS: JP¥255 (up from JP¥61.05 in FY 2023). Revenue: JP¥326.8b (up 18% from FY 2023). Net income: JP¥15.4b (up 40% from FY 2023). Profit margin: 4.7% (up from 4.0% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. New Risk • Nov 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 12
Full year 2024 earnings: EPS in line with analyst expectations despite revenue beat Full year 2024 results: EPS: JP¥255 (up from JP¥183 in FY 2023). Revenue: JP¥326.8b (up 18% from FY 2023). Net income: JP¥15.4b (up 40% from FY 2023). Profit margin: 4.7% (up from 4.0% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Annonce • Oct 01
U-NEXT HOLDINGS Co.,Ltd. (TSE:9418) agreed to acquire Netmove Corporation from SBI Sumishin Net Bank, Ltd. (TSE:7163) for ¥5.5 billion. U-NEXT HOLDINGS Co.,Ltd. (TSE:9418) agreed to acquire Netmove Corporation from SBI Sumishin Net Bank, Ltd. (TSE:7163) for ¥5.5 billion on September 30, 2024. For the period ending March 31, 2024, Netmove Corporation reported total revenue of ¥1.5 billion and EBIT of ¥644 million. As of March 31, 2024, Netmove Corporation reported total assets of ¥3.13 billion and total common equity of ¥1.67 billion. The expected completion of the transaction is December 2, 2024. Annonce • Sep 18
U-NEXT HOLDINGS Co.,Ltd. to Report Fiscal Year 2024 Results on Oct 10, 2024 U-NEXT HOLDINGS Co.,Ltd. announced that they will report fiscal year 2024 results on Oct 10, 2024 Upcoming Dividend • Aug 22
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 30 November 2024. Payout ratio is a comfortable 4.4% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.3%). Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥5,050, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Telecom industry in Japan. Total returns to shareholders of 115% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥6,565 per share. Reported Earnings • Jul 10
Third quarter 2024 earnings released: EPS: JP¥71.30 (vs JP¥57.56 in 3Q 2023) Third quarter 2024 results: EPS: JP¥71.30 (up from JP¥57.56 in 3Q 2023). Revenue: JP¥83.3b (up 22% from 3Q 2023). Net income: JP¥4.29b (up 26% from 3Q 2023). Profit margin: 5.1% (in line with 3Q 2023). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target increased by 9.2% to JP¥5,243 Up from JP¥4,800, the current price target is an average from 3 analysts. New target price is 22% above last closing price of JP¥4,295. Stock is up 41% over the past year. The company is forecast to post earnings per share of JP¥251 for next year compared to JP¥183 last year. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥4,315, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 12x in the Telecom industry in Japan. Total returns to shareholders of 98% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥6,590 per share. Declared Dividend • Apr 11
First half dividend of JP¥16.00 announced Shareholders will receive a dividend of JP¥16.00. Ex-date: 29th August 2024 Payment date: 30th November 2024 Dividend yield will be 0.7%, which is lower than the industry average of 2.6%. Payout Ratios Payout ratio: 11%. Cash payout ratio: 20%. Reported Earnings • Apr 10
Second quarter 2024 earnings released: EPS: JP¥75.33 (vs JP¥43.71 in 2Q 2023) Second quarter 2024 results: EPS: JP¥75.33 (up from JP¥43.71 in 2Q 2023). Revenue: JP¥78.5b (up 13% from 2Q 2023). Net income: JP¥4.53b (up 73% from 2Q 2023). Profit margin: 5.8% (up from 3.8% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Apr 09
U-NEXT HOLDINGS Co.,Ltd. Revises Interim Dividend for the Fiscal Year Ending August 31, 2024, Payable on May 27, 2024; Revises Dividend Guidance for the Full Fiscal Year Ending August 31, 2024 U-NEXT HOLDINGS Co.,Ltd. revised interim dividend and revised dividend guidance for the full fiscal year ending August 31, 2024. For the interim period the company revised the dividend to JPY 16.00 per share against previous guidance JPY 12.50 per share and JPY 10.00 per share paid a year ago. Effective date is May 27, 2024.For the full year, the company now expects to pay dividend of JPY 16.00 per share against previous guidance of JPY 12.50 per share. Buy Or Sell Opportunity • Apr 01
Now 22% undervalued Over the last 90 days, the stock has risen 27% to JP¥5,120. The fair value is estimated to be JP¥6,590, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. Annonce • Mar 09
USEN-NEXT HOLDINGS Co.,Ltd. to Report Q2, 2024 Results on Apr 09, 2024 USEN-NEXT HOLDINGS Co.,Ltd. announced that they will report Q2, 2024 results on Apr 09, 2024 Upcoming Dividend • Feb 21
Upcoming dividend of JP¥12.50 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 27 May 2024. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (2.7%). New Risk • Feb 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Price Target Changed • Jan 30
Price target increased by 12% to JP¥4,800 Up from JP¥4,300, the current price target is an average from 3 analysts. New target price is 12% above last closing price of JP¥4,275. Stock is up 95% over the past year. The company is forecast to post earnings per share of JP¥209 for next year compared to JP¥183 last year. Reported Earnings • Jan 13
First quarter 2024 earnings released: EPS: JP¥69.84 (vs JP¥38.94 in 1Q 2023) First quarter 2024 results: EPS: JP¥69.84 (up from JP¥38.94 in 1Q 2023). Revenue: JP¥73.7b (up 15% from 1Q 2023). Net income: JP¥4.20b (up 79% from 1Q 2023). Profit margin: 5.7% (up from 3.7% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jan 11
USEN-NEXT HOLDINGS Co.,Ltd. Provides Dividend Guidance for the Second Quarter and Full Fiscal Year Ending August 31, 2024 USEN-NEXT HOLDINGS Co.,Ltd. provided dividend guidance for the second quarter and full fiscal year ending August 31, 2024. For the quarter, the company expects dividend of JPY 12.50 per share against JPY 10.00 per share a year ago.For the year, the company expects dividend of JPY 12.50 per share against JPY 11.50 per share a year ago. Buying Opportunity • Dec 20
Now 21% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be JP¥4,729, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 6.6% per annum. Earnings is also forecast to grow by 9.0% per annum over the same time period. Annonce • Dec 10
USEN-NEXT HOLDINGS Co.,Ltd. to Report Q1, 2024 Results on Jan 11, 2024 USEN-NEXT HOLDINGS Co.,Ltd. announced that they will report Q1, 2024 results on Jan 11, 2024 Reported Earnings • Dec 05
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: EPS: JP¥183 (up from JP¥145 in FY 2022). Revenue: JP¥276.3b (up 16% from FY 2022). Net income: JP¥11.0b (up 26% from FY 2022). Profit margin: 4.0% (up from 3.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Dec 01
Price target increased by 8.9% to JP¥4,300 Up from JP¥3,950, the current price target is an average from 3 analysts. New target price is 15% above last closing price of JP¥3,750. Stock is up 63% over the past year. The company is forecast to post earnings per share of JP¥208 for next year compared to JP¥183 last year. Reported Earnings • Oct 13
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: EPS: JP¥183 (up from JP¥145 in FY 2022). Revenue: JP¥276.3b (up 16% from FY 2022). Net income: JP¥11.0b (up 26% from FY 2022). Profit margin: 4.0% (up from 3.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Oct 12
USEN-NEXT HOLDINGS Co.,Ltd., Annual General Meeting, Nov 29, 2023 USEN-NEXT HOLDINGS Co.,Ltd., Annual General Meeting, Nov 29, 2023. Annonce • Sep 13
USEN-NEXT HOLDINGS Co.,Ltd. to Report Fiscal Year 2023 Results on Oct 12, 2023 USEN-NEXT HOLDINGS Co.,Ltd. announced that they will report fiscal year 2023 results on Oct 12, 2023 Annonce • Aug 25
USEN-NEXT HOLDINGS Co.,Ltd. (TSE:9418) agreed to acquire 95.6% stake in Toremoro Inc. from Founder Foundry Fund No. 1 managed by NOW, Inc. and Yoshihito Nakano for ¥77 million. USEN-NEXT HOLDINGS Co.,Ltd. (TSE:9418) agreed to acquire 95.6% stake in Toremoro Inc. from Founder Foundry Fund No. 1 managed by NOW, Inc. and Yoshihito Nakano for ¥77 million on August 23, 2023. Acquisition method Own funds. Yoshihito Nakano holds 85.5% stake in Toremoro Inc. A separate advisory fee of approximately ¥5 million is expected. Toremoro Inc. reported financial for the fiscal year ended May 2023, revenue ¥28.03 million, net assets of ¥-21.86 million, total assets of ¥28.03 million, operating income of ¥63.77 million, net income of ¥64.45 million. The Execution date of the share transfer agreement is August 28, 2023 (planned). Share acquisition date September 1, 2023 (planned). Upcoming Dividend • Aug 23
Upcoming dividend of JP¥11.00 per share at 0.6% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 30 November 2023. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (3.0%). Reported Earnings • Jul 13
Third quarter 2023 earnings released: EPS: JP¥57.56 (vs JP¥39.93 in 3Q 2022) Third quarter 2023 results: EPS: JP¥57.56 (up from JP¥39.93 in 3Q 2022). Revenue: JP¥68.4b (up 13% from 3Q 2022). Net income: JP¥3.41b (up 42% from 3Q 2022). Profit margin: 5.0% (up from 4.0% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jun 11
USEN-NEXT HOLDINGS Co.,Ltd. to Report Q3, 2023 Results on Jul 10, 2023 USEN-NEXT HOLDINGS Co.,Ltd. announced that they will report Q3, 2023 results on Jul 10, 2023 Price Target Changed • May 18
Price target increased by 9.6% to JP¥4,000 Up from JP¥3,650, the current price target is an average from 2 analysts. New target price is 25% above last closing price of JP¥3,200. Stock is up 62% over the past year. The company is forecast to post earnings per share of JP¥185 for next year compared to JP¥145 last year. Reported Earnings • Apr 12
Second quarter 2023 earnings released: EPS: JP¥43.71 (vs JP¥34.05 in 2Q 2022) Second quarter 2023 results: EPS: JP¥43.71 (up from JP¥34.05 in 2Q 2022). Revenue: JP¥69.8b (up 19% from 2Q 2022). Net income: JP¥2.62b (up 28% from 2Q 2022). Profit margin: 3.8% (up from 3.5% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Feb 20
USEN-NEXT HOLDINGS Co.,Ltd. (TSE:9418) announces an Equity Buyback for 2,540,800 shares, representing 4.23% for ¥6,367.24 million. USEN-NEXT HOLDINGS Co.,Ltd. (TSE:9418) announces a share repurchase program. Under the program, the company will repurchase up to 2,540,800 shares, representing 4.23% of its issued share capital (excluding treasury stock), for a total purchase price of ¥6,367.25 million. The shares will be repurchased at a price of ¥2,506 per share. The purpose of the program is to repurchase shares so that they can be allotted and issued to PPJ shareholders. As of November 30, 2022, the company had 60,092,039 issued shares (excluding treasury stock) and 72 treasury shares. Reported Earnings • Jan 13
First quarter 2023 earnings released: EPS: JP¥38.94 (vs JP¥39.31 in 1Q 2022) First quarter 2023 results: EPS: JP¥38.94 (down from JP¥39.31 in 1Q 2022). Revenue: JP¥63.9b (up 15% from 1Q 2022). Net income: JP¥2.34b (flat on 1Q 2022). Profit margin: 3.7% (down from 4.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.