UNITED（2497）株式概要株式会社ユナイテッドは日本でアドテクノロジー事業、コンテンツ事業、投資事業を行っている。 詳細2497 ファンダメンタル分析スノーフレーク・スコア評価0/6将来の成長0/6過去の実績0/6財務の健全性3/6配当金3/6リスク分析4.54%の配当は、利益やフリーキャッシュフローによって十分にカバーされていない 過去5年間で収益は年間33.2%減少しました。 すべてのリスクチェックを見る2497 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueJP¥Current PriceJP¥507.0062.6% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-1b27b2016201920222025202620282031Revenue JP¥5.7bEarnings JP¥693.0mAdvancedSet Fair ValueView all narrativesFeatured narrative•Software opportunityZenaTechabout 2 months ago author updated this narrativeJOFair Value from Jolt_CommunicationsUS$6.8569.3% 割安 内在価値ディスカウントZenaTech: A big bet on the rise of AI drones and drones-as-a-serviceKey Takeaways ZenaTech is focusing its efforts into building AI drones, combining Drone as a Service, SaaS, and AI as its key revenue drivers. Previously building software for agriculture, ZenaTech has shifted rapidly toward drone services, now driving ~70% of revenue after recent acquisitions.Read full narrative3.2kusers have viewed this narrative9users have liked this narrative0users have commented on this narrative77users have followed this narrativeRead narrativeUNITED, Inc. 競合他社Needs WellSymbol: TSE:3992Market cap: JP¥17.2bFocus SystemsSymbol: TSE:4662Market cap: JP¥22.3bGunosySymbol: TSE:6047Market cap: JP¥12.4beBASELtdSymbol: TSE:3835Market cap: JP¥18.4b価格と性能株価の高値、安値、推移の概要UNITED過去の株価現在の株価JP¥507.0052週高値JP¥761.0052週安値JP¥471.00ベータ0.261ヶ月の変化-0.98%3ヶ月変化-3.24%1年変化-28.19%3年間の変化-28.09%5年間の変化-29.63%IPOからの変化-78.27%最新ニュースUpcoming Dividend • Mar 23Upcoming dividend of JP¥11.50 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 18 June 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.3%).Reported Earnings • Feb 07Third quarter 2026 earnings released: JP¥8.52 loss per share (vs JP¥7.08 profit in 3Q 2025)Third quarter 2026 results: JP¥8.52 loss per share (down from JP¥7.08 profit in 3Q 2025). Revenue: JP¥2.24b (down 27% from 3Q 2025). Net loss: JP¥319.0m (down 215% from profit in 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance.Declared Dividend • Dec 11First half dividend of JP¥11.50 announcedShareholders will receive a dividend of JP¥11.50. Ex-date: 30th March 2026 Payment date: 18th June 2026 Dividend yield will be 4.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 37% per year over the past 10 years. However, payments have been volatile during that time.New Risk • Nov 09New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 4.5% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 27% per year over the past 5 years.Reported Earnings • Nov 08Second quarter 2026 earnings released: JP¥6.20 loss per share (vs JP¥7.67 loss in 2Q 2025)Second quarter 2026 results: JP¥6.20 loss per share (improved from JP¥7.67 loss in 2Q 2025). Revenue: JP¥2.35b (up 46% from 2Q 2025). Net loss: JP¥232.0m (loss narrowed 23% from 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance.Buy Or Sell Opportunity • Oct 29Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 10% to JP¥514. The fair value is estimated to be JP¥653, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.0% over the last 3 years. Meanwhile, the company became loss making.最新情報をもっと見るRecent updatesUpcoming Dividend • Mar 23Upcoming dividend of JP¥11.50 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 18 June 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.3%).Reported Earnings • Feb 07Third quarter 2026 earnings released: JP¥8.52 loss per share (vs JP¥7.08 profit in 3Q 2025)Third quarter 2026 results: JP¥8.52 loss per share (down from JP¥7.08 profit in 3Q 2025). Revenue: JP¥2.24b (down 27% from 3Q 2025). Net loss: JP¥319.0m (down 215% from profit in 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance.Declared Dividend • Dec 11First half dividend of JP¥11.50 announcedShareholders will receive a dividend of JP¥11.50. Ex-date: 30th March 2026 Payment date: 18th June 2026 Dividend yield will be 4.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 37% per year over the past 10 years. However, payments have been volatile during that time.New Risk • Nov 09New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 4.5% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 27% per year over the past 5 years.Reported Earnings • Nov 08Second quarter 2026 earnings released: JP¥6.20 loss per share (vs JP¥7.67 loss in 2Q 2025)Second quarter 2026 results: JP¥6.20 loss per share (improved from JP¥7.67 loss in 2Q 2025). Revenue: JP¥2.35b (up 46% from 2Q 2025). Net loss: JP¥232.0m (loss narrowed 23% from 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance.Buy Or Sell Opportunity • Oct 29Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 10% to JP¥514. The fair value is estimated to be JP¥653, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.0% over the last 3 years. Meanwhile, the company became loss making.Buy Or Sell Opportunity • Oct 14Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.3% to JP¥517. The fair value is estimated to be JP¥648, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.0% over the last 3 years. Meanwhile, the company became loss making.Upcoming Dividend • Sep 22Upcoming dividend of JP¥11.50 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 10 December 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%).分析記事 • Aug 24Calculating The Fair Value Of UNITED, Inc. (TSE:2497)Key Insights Using the 2 Stage Free Cash Flow to Equity, UNITED fair value estimate is JP¥654 With JP¥691 share price...Reported Earnings • Aug 02First quarter 2026 earnings released: JP¥10.21 loss per share (vs JP¥49.20 profit in 1Q 2025)First quarter 2026 results: JP¥10.21 loss per share (down from JP¥49.20 profit in 1Q 2025). Revenue: JP¥1.96b (down 58% from 1Q 2025). Net loss: JP¥394.0m (down 120% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.Declared Dividend • Jul 09Final dividend of JP¥11.50 announcedShareholders will receive a dividend of JP¥11.50. Ex-date: 29th September 2025 Payment date: 10th December 2025 Dividend yield will be 6.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (77% cash payout ratio). The dividend has increased by an average of 37% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 3.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Jun 21Full year 2025 earnings released: EPS: JP¥37.70 (vs JP¥60.43 in FY 2024)Full year 2025 results: EPS: JP¥37.70 (down from JP¥60.43 in FY 2024). Revenue: JP¥12.0b (down 4.3% from FY 2024). Net income: JP¥1.48b (down 37% from FY 2024). Profit margin: 12% (down from 19% in FY 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.お知らせ • May 29UNITED, Inc. (TSE:2497) announces an Equity Buyback for 2,110,000 shares, representing 5.37% for ¥1,250 million.UNITED, Inc. (TSE:2497) announces a share repurchase program. Under the program, the company will repurchase up to 2,110,000 shares, representing 5.37% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,250 million. The shares will be repurchased at a price of of ¥585 per share. The purpose of the program to contribute to a flexible capital policy that responds to changes in the business environment. As of March 31, 2025, the company had 39,284,287 issued shares (excluding treasury stock) and 1,128,403 treasury shares.Valuation Update With 7 Day Price Move • May 19Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to JP¥581, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 21x in the Software industry in Japan. Total loss to shareholders of 19% over the past three years.Reported Earnings • May 14Full year 2025 earnings released: EPS: JP¥37.70 (vs JP¥60.43 in FY 2024)Full year 2025 results: EPS: JP¥37.70 (down from JP¥60.43 in FY 2024). Revenue: JP¥12.0b (down 4.3% from FY 2024). Net income: JP¥1.48b (down 37% from FY 2024). Profit margin: 12% (down from 19% in FY 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.お知らせ • May 12UNITED, Inc., Annual General Meeting, Jun 17, 2025UNITED, Inc., Annual General Meeting, Jun 17, 2025.Buy Or Sell Opportunity • Apr 10Now 22% overvaluedOver the last 90 days, the stock has fallen 14% to JP¥676. The fair value is estimated to be JP¥554, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.9% over the last 3 years. Earnings per share has declined by 28%.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥624, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 18x in the Software industry in Japan. Total loss to shareholders of 20% over the past three years.分析記事 • Apr 04UNITED (TSE:2497) Seems To Use Debt Quite SensiblyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Upcoming Dividend • Mar 21Upcoming dividend of JP¥24.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 20 June 2025. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%).Reported Earnings • Feb 08Third quarter 2025 earnings released: EPS: JP¥7.08 (vs JP¥10.34 loss in 3Q 2024)Third quarter 2025 results: EPS: JP¥7.08 (up from JP¥10.34 loss in 3Q 2024). Revenue: JP¥3.09b (up 91% from 3Q 2024). Net income: JP¥278.0m (up JP¥683.0m from 3Q 2024). Profit margin: 9.0% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.分析記事 • Dec 25UNITED (TSE:2497) Will Pay A Dividend Of ¥24.00UNITED, Inc.'s ( TSE:2497 ) investors are due to receive a payment of ¥24.00 per share on 20th of June. Based on this...分析記事 • Dec 11UNITED (TSE:2497) Is Due To Pay A Dividend Of ¥24.00The board of UNITED, Inc. ( TSE:2497 ) has announced that it will pay a dividend of ¥24.00 per share on the 20th of...Declared Dividend • Dec 11First half dividend of JP¥24.00 announcedDividend of JP¥24.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 20th June 2025 Dividend yield will be 6.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 58% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 40% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.New Risk • Nov 27New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (9.4% net profit margin).お知らせ • Nov 13UNITED, Inc. (TSE:2497) agreed to acquire 51% stake in Bestco Co., Ltd. from Daisuke Iseki for JPY 976.7 million.UNITED, Inc. (TSE:2497) agreed to acquire 51% stake in Bestco Co., Ltd. from Daisuke Iseki for JPY 976.7 million on November 13, 2024. For the period ending June 30, 2024, Bestco Co., Ltd. reported total revenue of ¥2.3 billion, EBIT of ¥94.34 million and net income of ¥62.84 million. As of June 30, 2024, Bestco Co., Ltd. reported total assets of ¥1.05 billion and total common equity of ¥544.51 million. The transaction is expected to close in mid-December 2024.Upcoming Dividend • Sep 20Upcoming dividend of JP¥24.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.9%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.2%).New Risk • Aug 09New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 34% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 148% Cash payout ratio: 98% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.1% net profit margin).Reported Earnings • Aug 09First quarter 2025 earnings released: EPS: JP¥49.20 (vs JP¥94.30 in 1Q 2024)First quarter 2025 results: EPS: JP¥49.20 (down from JP¥94.30 in 1Q 2024). Revenue: JP¥4.71b (down 35% from 1Q 2024). Net income: JP¥1.93b (down 48% from 1Q 2024). Profit margin: 41% (down from 51% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 3% per year.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥675, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 20x in the Software industry in Japan. Total loss to shareholders of 11% over the past three years.分析記事 • Jul 26UNITED (TSE:2497) Has Announced A Dividend Of ¥24.00The board of UNITED, Inc. ( TSE:2497 ) has announced that it will pay a dividend on the 9th of December, with investors...Buy Or Sell Opportunity • Jul 17Now 21% overvaluedOver the last 90 days, the stock has fallen 1.5% to JP¥831. The fair value is estimated to be JP¥687, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 10%.分析記事 • Jul 11UNITED (TSE:2497) Will Pay A Dividend Of ¥24.00UNITED, Inc. ( TSE:2497 ) will pay a dividend of ¥24.00 on the 9th of December. Based on this payment, the dividend...Declared Dividend • Jul 11Final dividend of JP¥24.00 announcedDividend of JP¥24.00 is the same as last year. Ex-date: 27th September 2024 Payment date: 9th December 2024 Dividend yield will be 5.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (28% earnings payout ratio) but not adequately covered by cash flows (98% cash payout ratio). The dividend has increased by an average of 58% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 69% to shift the payout ratio to a potentially unsustainable range, which is more than the 17% EPS decline seen over the last 5 years.Reported Earnings • Jun 25Full year 2024 earnings released: EPS: JP¥60.43 (vs JP¥105 in FY 2023)Full year 2024 results: EPS: JP¥60.43 (down from JP¥105 in FY 2023). Revenue: JP¥12.6b (down 4.3% from FY 2023). Net income: JP¥2.37b (down 43% from FY 2023). Profit margin: 19% (down from 32% in FY 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.分析記事 • May 21UNITED's (TSE:2497) Soft Earnings Are Actually Better Than They AppearUNITED, Inc.'s ( TSE:2497 ) earnings announcement last week didn't impress shareholders. While the headline numbers...Reported Earnings • May 11Full year 2024 earnings released: EPS: JP¥60.43 (vs JP¥105 in FY 2023)Full year 2024 results: EPS: JP¥60.43 (down from JP¥105 in FY 2023). Revenue: JP¥12.6b (down 4.3% from FY 2023). Net income: JP¥2.37b (down 43% from FY 2023). Profit margin: 19% (down from 32% in FY 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.お知らせ • May 11UNITED, Inc., Annual General Meeting, Jun 19, 2024UNITED, Inc., Annual General Meeting, Jun 19, 2024.Upcoming Dividend • Mar 21Upcoming dividend of JP¥24.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 19 June 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.3%).New Risk • Feb 28New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.2% 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. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (3.2% increase in shares outstanding).Reported Earnings • Feb 10Third quarter 2024 earnings released: JP¥10.34 loss per share (vs JP¥31.04 profit in 3Q 2023)Third quarter 2024 results: JP¥10.34 loss per share (down from JP¥31.04 profit in 3Q 2023). Revenue: JP¥1.62b (down 54% from 3Q 2023). Net loss: JP¥405.0m (down 133% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 10% per year.Reported Earnings • Nov 10Second quarter 2024 earnings released: JP¥15.45 loss per share (vs JP¥0.63 loss in 2Q 2023)Second quarter 2024 results: JP¥15.45 loss per share (further deteriorated from JP¥0.63 loss in 2Q 2023). Revenue: JP¥1.95b (up 4.6% from 2Q 2023). Net loss: JP¥605.0m (loss widened JP¥580.0m from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Sep 21Upcoming dividend of JP¥24.00 per share at 2.4% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 11 December 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.7%).Reported Earnings • Aug 09First quarter 2024 earnings released: EPS: JP¥94.30 (vs JP¥59.62 in 1Q 2023)First quarter 2024 results: EPS: JP¥94.30 (up from JP¥59.62 in 1Q 2023). Revenue: JP¥7.22b (up 51% from 1Q 2023). Net income: JP¥3.69b (up 54% from 1Q 2023). Profit margin: 51% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 13% per year.Reported Earnings • Jun 21Full year 2023 earnings released: EPS: JP¥209 (vs JP¥90.61 in FY 2022)Full year 2023 results: EPS: JP¥209 (up from JP¥90.61 in FY 2022). Revenue: JP¥13.1b (up 3.4% from FY 2022). Net income: JP¥4.14b (up 8.2% from FY 2022). Profit margin: 32% (up from 30% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.お知らせ • May 12UNITED, Inc., Annual General Meeting, Jun 16, 2023UNITED, Inc., Annual General Meeting, Jun 16, 2023.Reported Earnings • May 12Full year 2023 earnings released: EPS: JP¥209 (vs JP¥181 in FY 2022)Full year 2023 results: EPS: JP¥209 (up from JP¥181 in FY 2022). Revenue: JP¥13.1b (up 3.4% from FY 2022). Net income: JP¥4.14b (up 8.2% from FY 2022). Profit margin: 32% (up from 30% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 7% per year.Reported Earnings • Feb 10Third quarter 2023 earnings released: EPS: JP¥62.08 (vs JP¥34.81 in 3Q 2022)Third quarter 2023 results: EPS: JP¥62.08 (up from JP¥34.81 in 3Q 2022). Revenue: JP¥3.54b (up 32% from 3Q 2022). Net income: JP¥1.22b (up 67% from 3Q 2022). Profit margin: 34% (up from 27% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.お知らせ • Dec 09UNITED, Inc. (TSE:2497) agreed to acquire Kasooku business of Dufa Co., Ltd.UNITED, Inc. (TSE:2497) agreed to acquire Kasooku business of Dufa Co., Ltd. on December 8, 2022. The transaction is expected to close on December 31, 2022.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 6 highly experienced directors. 1 independent director (7 non-independent directors). Independent External Director Tadatsugu Ishimoto was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 11Second quarter 2023 earnings released: JP¥1.26 loss per share (vs JP¥50.76 profit in 2Q 2022)Second quarter 2023 results: JP¥1.26 loss per share (down from JP¥50.76 profit in 2Q 2022). Revenue: JP¥1.86b (down 44% from 2Q 2022). Net loss: JP¥25.0m (down 102% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.お知らせ • Nov 10UNITED, Inc. (TSE:2497) announces an Equity Buyback for 100,000 shares, representing 0.51% for ¥130 million.UNITED, Inc. (TSE:2497) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 0.51% of its issued share capital (excluding treasury stock), for a total purchase price of ¥130 million. The purpose of the program is to improve capital efficiency and stock value. The program will be valid till December 23, 2022. As of September 30, 2022, the company had 19,643,896 issued shares (excluding treasury stock) and 1,112,449 treasury shares.Upcoming Dividend • Sep 22Upcoming dividend of JP¥17.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 09 December 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.8%).Reported Earnings • Aug 05First quarter 2023 earnings released: EPS: JP¥119 (vs JP¥94.75 in 1Q 2022)First quarter 2023 results: EPS: JP¥119 (up from JP¥94.75 in 1Q 2022). Revenue: JP¥4.78b (flat on 1Q 2022). Net income: JP¥2.40b (up 17% from 1Q 2022). Profit margin: 50% (up from 43% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 29+ 1 more updateUNITED, Inc. to Report Q3, 2023 Results on Feb 08, 2023UNITED, Inc. announced that they will report Q3, 2023 results on Feb 08, 2023Reported Earnings • Jun 22Full year 2022 earnings released: EPS: JP¥181 (vs JP¥168 in FY 2021)Full year 2022 results: EPS: JP¥181 (up from JP¥168 in FY 2021). Revenue: JP¥12.7b (down 22% from FY 2021). Net income: JP¥3.83b (up 2.6% from FY 2021). Profit margin: 30% (up from 23% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 13Full year 2022 earnings released: EPS: JP¥181 (vs JP¥168 in FY 2021)Full year 2022 results: EPS: JP¥181 (up from JP¥168 in FY 2021). Revenue: JP¥12.7b (down 22% from FY 2021). Net income: JP¥3.83b (up 2.6% from FY 2021). Profit margin: 30% (up from 23% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.お知らせ • May 13+ 1 more updateUNITED, Inc., Annual General Meeting, Jun 16, 2022UNITED, Inc., Annual General Meeting, Jun 16, 2022.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. 1 independent director (4 non-independent directors). Independent External Director Tadatsugu Ishimoto was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Feb 09Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥34.81 (up from JP¥5.73 in 3Q 2021). Revenue: JP¥2.69b (down 5.8% from 3Q 2021). Net income: JP¥729.0m (up 474% from 3Q 2021). Profit margin: 27% (up from 4.5% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Reported Earnings • Nov 10Second quarter 2022 earnings released: EPS JP¥50.76 (vs JP¥0.76 in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥3.35b (up 11% from 2Q 2021). Net income: JP¥1.09b (up JP¥1.07b from 2Q 2021). Profit margin: 32% (up from 0.6% in 2Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Sep 22Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 09 December 2021. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.3%).Reported Earnings • Aug 06First quarter 2022 earnings released: EPS JP¥94.75 (vs JP¥166 in 1Q 2021)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥4.75b (down 41% from 1Q 2021). Net income: JP¥2.06b (down 44% from 1Q 2021). Profit margin: 43% (down from 46% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.Reported Earnings • Jun 26Full year 2021 earnings released: EPS JP¥168 (vs JP¥62.41 in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥16.3b (down 22% from FY 2020). Net income: JP¥3.73b (up 166% from FY 2020). Profit margin: 23% (up from 6.7% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 17% per year.Reported Earnings • May 14Full year 2021 earnings released: EPS JP¥168 (vs JP¥62.41 in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥16.3b (down 22% from FY 2020). Net income: JP¥3.73b (up 166% from FY 2020). Profit margin: 23% (up from 6.7% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 26% per year.お知らせ • May 12UNITED, Inc. (TSE:2497) announces an Equity Buyback for 2,000,000 shares, representing 9.15% for ¥3,000 million.UNITED, Inc. (TSE:2497) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 9.15% of its issued share capital (excluding treasury stock), for a total purchase price of ¥3,000 million. The purpose of the program is to improve capital efficiency and stock value. The program will be valid till February 28, 2022. As of March 31, 2021, the company had 21,848,779 issued shares (excluding treasury stock) and 1,823,066 treasury shares.Upcoming Dividend • Mar 23Upcoming dividend of JP¥18.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 19 June 2021. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (1.3%).Is New 90 Day High Low • Feb 20New 90-day low: JP¥1,289The company is down 15% from its price of JP¥1,520 on 20 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 3.0% over the same period.Reported Earnings • Feb 06Third quarter 2021 earnings released: EPS JP¥5.73 (vs JP¥39.00 loss in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥2.85b (down 39% from 3Q 2020). Net income: JP¥127.0m (up JP¥998.0m from 3Q 2020). Profit margin: 4.5% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings.Is New 90 Day High Low • Jan 29New 90-day low: JP¥1,290The company is down 10.0% from its price of JP¥1,431 on 30 October 2020. The Japanese market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 6.0% over the same period.Is New 90 Day High Low • Dec 18New 90-day low: JP¥1,378The company is down 7.0% from its price of JP¥1,487 on 18 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 2.0% over the same period.お知らせ • Jul 31Coinage Investment Co., Ltd. completed the acquisition of 83.07% stake in COINAGE, Inc from UNITED, Inc. (TSE:2497).Coinage Investment Co., Ltd signed share transfer agreement to acquire 83.07% stake in COINAGE, Inc from UNITED, Inc. (TSE:2497) on April 25, 2019. Under the terms, Coinage Investment will acquire 0.02 million shares of COINAGE, Inc. COINAGE, Inc reported net assets of ¥540.5 million, total assets of ¥699.3 million, operating loss of ¥286.02 million and net loss of ¥345.1 million for the fiscal year ended March 2019. The transaction has been resolved by the Board of Directors of UNITED, Inc. at the meeting held on April 25, 2019. The transaction is expected to be completed by April 26, 2019. Coinage Investment Co., Ltd. completed the acquisition of 83.07% stake in COINAGE, Inc from UNITED, Inc. (TSE:2497) on April 26, 2019.お知らせ • Jul 24United, Inc.'s Common Shares to Be Deleted from Other OTCUNITED, Inc. Common Shares (Japan) will be deleted from other OTC effective from June 29, 2020 due to Inactive Security.株主還元2497JP SoftwareJP 市場7D0.6%4.1%2.9%1Y-28.2%-24.4%39.4%株主還元を見る業界別リターン: 2497過去 1 年間で-24.4 % の収益を上げたJP Software業界を下回りました。リターン対市場: 2497は、過去 1 年間で39.4 % のリターンを上げたJP市場を下回りました。価格変動Is 2497's price volatile compared to industry and market?2497 volatility2497 Average Weekly Movement3.6%Software Industry Average Movement6.2%Market Average Movement4.9%10% most volatile stocks in JP Market9.6%10% least volatile stocks in JP Market2.4%安定した株価: 2497 、 JP市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 2497の 週次ボラティリティ ( 4% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1998471Tomonori Hayakawawww.united.jp株式会社ユナイテッドは、アドテクノロジー事業、コンテンツ事業、投資事業を日本で展開しています。代理店・広告主向け広告配信プラットフォーム「Bypass」、パブリッシャー向け広告管理プラットフォーム「adstir」、ロールプレイングゲーム「クラッシュフィーバー」、着せ替えアバターサービス「CocoPPa Play」を提供。また、アーティストの活動活性化支援サービス「CHEERZ（チアーズ）」の運営、国内オンラインプログラミングスクール「TechAcademy（テックアカデミー）」の企画・開発・運営、スポーツ関連サイトのプロデュース、メディアの企画・開発、懸賞・プレゼントサイト「ドリームメール」の企画・運営、企業のデジタルトランスフォーメーションを支援するコンサルティングソリューションの提供、各種アプリケーションの開発なども行っている。また、ベンチャーキャピタル投資事業も行っている。株式会社ユナイテッドは1998年に設立され、東京に本社を置く。もっと見るUNITED, Inc. 基礎のまとめUNITED の収益と売上を時価総額と比較するとどうか。2497 基礎統計学時価総額JP¥18.98b収益（TTM）-JP¥1.37b売上高(TTM)JP¥9.18b2.1xP/Sレシオ-13.8xPER（株価収益率2497 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計2497 損益計算書（TTM）収益JP¥9.18b売上原価JP¥6.27b売上総利益JP¥2.91bその他の費用JP¥4.28b収益-JP¥1.37b直近の収益報告Dec 31, 2025次回決算日該当なし一株当たり利益（EPS）-36.62グロス・マージン31.66%純利益率-14.94%有利子負債／自己資本比率1.2%2497 の長期的なパフォーマンスは？過去の実績と比較を見る配当金4.5%現在の配当利回り-64%配当性向2497 配当は確実ですか？2497 配当履歴とベンチマークを見る2497 、いつまでに購入すれば配当金を受け取れますか？UNITED 配当日配当落ち日Mar 30 2026配当支払日Jun 18 2026配当落ちまでの日数40 days配当支払日までの日数40 days2497 配当は確実ですか？2497 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/08 08:32終値2026/05/08 00:00収益2025/12/31年間収益2025/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋UNITED, Inc. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。1 アナリスト機関Taro IshiharaDaiwa Securities Co. Ltd.
Featured narrative•Software opportunityZenaTechabout 2 months ago author updated this narrativeJOFair Value from Jolt_CommunicationsUS$6.8569.3% 割安 内在価値ディスカウントZenaTech: A big bet on the rise of AI drones and drones-as-a-serviceKey Takeaways ZenaTech is focusing its efforts into building AI drones, combining Drone as a Service, SaaS, and AI as its key revenue drivers. Previously building software for agriculture, ZenaTech has shifted rapidly toward drone services, now driving ~70% of revenue after recent acquisitions.Read full narrative3.2kusers have viewed this narrative9users have liked this narrative0users have commented on this narrative77users have followed this narrativeRead narrative
Upcoming Dividend • Mar 23Upcoming dividend of JP¥11.50 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 18 June 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.3%).
Reported Earnings • Feb 07Third quarter 2026 earnings released: JP¥8.52 loss per share (vs JP¥7.08 profit in 3Q 2025)Third quarter 2026 results: JP¥8.52 loss per share (down from JP¥7.08 profit in 3Q 2025). Revenue: JP¥2.24b (down 27% from 3Q 2025). Net loss: JP¥319.0m (down 215% from profit in 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance.
Declared Dividend • Dec 11First half dividend of JP¥11.50 announcedShareholders will receive a dividend of JP¥11.50. Ex-date: 30th March 2026 Payment date: 18th June 2026 Dividend yield will be 4.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 37% per year over the past 10 years. However, payments have been volatile during that time.
New Risk • Nov 09New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 4.5% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 27% per year over the past 5 years.
Reported Earnings • Nov 08Second quarter 2026 earnings released: JP¥6.20 loss per share (vs JP¥7.67 loss in 2Q 2025)Second quarter 2026 results: JP¥6.20 loss per share (improved from JP¥7.67 loss in 2Q 2025). Revenue: JP¥2.35b (up 46% from 2Q 2025). Net loss: JP¥232.0m (loss narrowed 23% from 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance.
Buy Or Sell Opportunity • Oct 29Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 10% to JP¥514. The fair value is estimated to be JP¥653, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.0% over the last 3 years. Meanwhile, the company became loss making.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥11.50 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 18 June 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.3%).
Reported Earnings • Feb 07Third quarter 2026 earnings released: JP¥8.52 loss per share (vs JP¥7.08 profit in 3Q 2025)Third quarter 2026 results: JP¥8.52 loss per share (down from JP¥7.08 profit in 3Q 2025). Revenue: JP¥2.24b (down 27% from 3Q 2025). Net loss: JP¥319.0m (down 215% from profit in 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance.
Declared Dividend • Dec 11First half dividend of JP¥11.50 announcedShareholders will receive a dividend of JP¥11.50. Ex-date: 30th March 2026 Payment date: 18th June 2026 Dividend yield will be 4.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 37% per year over the past 10 years. However, payments have been volatile during that time.
New Risk • Nov 09New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 4.5% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 27% per year over the past 5 years.
Reported Earnings • Nov 08Second quarter 2026 earnings released: JP¥6.20 loss per share (vs JP¥7.67 loss in 2Q 2025)Second quarter 2026 results: JP¥6.20 loss per share (improved from JP¥7.67 loss in 2Q 2025). Revenue: JP¥2.35b (up 46% from 2Q 2025). Net loss: JP¥232.0m (loss narrowed 23% from 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance.
Buy Or Sell Opportunity • Oct 29Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 10% to JP¥514. The fair value is estimated to be JP¥653, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.0% over the last 3 years. Meanwhile, the company became loss making.
Buy Or Sell Opportunity • Oct 14Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.3% to JP¥517. The fair value is estimated to be JP¥648, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.0% over the last 3 years. Meanwhile, the company became loss making.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥11.50 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 10 December 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%).
分析記事 • Aug 24Calculating The Fair Value Of UNITED, Inc. (TSE:2497)Key Insights Using the 2 Stage Free Cash Flow to Equity, UNITED fair value estimate is JP¥654 With JP¥691 share price...
Reported Earnings • Aug 02First quarter 2026 earnings released: JP¥10.21 loss per share (vs JP¥49.20 profit in 1Q 2025)First quarter 2026 results: JP¥10.21 loss per share (down from JP¥49.20 profit in 1Q 2025). Revenue: JP¥1.96b (down 58% from 1Q 2025). Net loss: JP¥394.0m (down 120% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings.
Declared Dividend • Jul 09Final dividend of JP¥11.50 announcedShareholders will receive a dividend of JP¥11.50. Ex-date: 29th September 2025 Payment date: 10th December 2025 Dividend yield will be 6.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (77% cash payout ratio). The dividend has increased by an average of 37% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 3.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jun 21Full year 2025 earnings released: EPS: JP¥37.70 (vs JP¥60.43 in FY 2024)Full year 2025 results: EPS: JP¥37.70 (down from JP¥60.43 in FY 2024). Revenue: JP¥12.0b (down 4.3% from FY 2024). Net income: JP¥1.48b (down 37% from FY 2024). Profit margin: 12% (down from 19% in FY 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
お知らせ • May 29UNITED, Inc. (TSE:2497) announces an Equity Buyback for 2,110,000 shares, representing 5.37% for ¥1,250 million.UNITED, Inc. (TSE:2497) announces a share repurchase program. Under the program, the company will repurchase up to 2,110,000 shares, representing 5.37% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,250 million. The shares will be repurchased at a price of of ¥585 per share. The purpose of the program to contribute to a flexible capital policy that responds to changes in the business environment. As of March 31, 2025, the company had 39,284,287 issued shares (excluding treasury stock) and 1,128,403 treasury shares.
Valuation Update With 7 Day Price Move • May 19Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to JP¥581, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 21x in the Software industry in Japan. Total loss to shareholders of 19% over the past three years.
Reported Earnings • May 14Full year 2025 earnings released: EPS: JP¥37.70 (vs JP¥60.43 in FY 2024)Full year 2025 results: EPS: JP¥37.70 (down from JP¥60.43 in FY 2024). Revenue: JP¥12.0b (down 4.3% from FY 2024). Net income: JP¥1.48b (down 37% from FY 2024). Profit margin: 12% (down from 19% in FY 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
お知らせ • May 12UNITED, Inc., Annual General Meeting, Jun 17, 2025UNITED, Inc., Annual General Meeting, Jun 17, 2025.
Buy Or Sell Opportunity • Apr 10Now 22% overvaluedOver the last 90 days, the stock has fallen 14% to JP¥676. The fair value is estimated to be JP¥554, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.9% over the last 3 years. Earnings per share has declined by 28%.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥624, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 18x in the Software industry in Japan. Total loss to shareholders of 20% over the past three years.
分析記事 • Apr 04UNITED (TSE:2497) Seems To Use Debt Quite SensiblyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Upcoming Dividend • Mar 21Upcoming dividend of JP¥24.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 20 June 2025. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%).
Reported Earnings • Feb 08Third quarter 2025 earnings released: EPS: JP¥7.08 (vs JP¥10.34 loss in 3Q 2024)Third quarter 2025 results: EPS: JP¥7.08 (up from JP¥10.34 loss in 3Q 2024). Revenue: JP¥3.09b (up 91% from 3Q 2024). Net income: JP¥278.0m (up JP¥683.0m from 3Q 2024). Profit margin: 9.0% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
分析記事 • Dec 25UNITED (TSE:2497) Will Pay A Dividend Of ¥24.00UNITED, Inc.'s ( TSE:2497 ) investors are due to receive a payment of ¥24.00 per share on 20th of June. Based on this...
分析記事 • Dec 11UNITED (TSE:2497) Is Due To Pay A Dividend Of ¥24.00The board of UNITED, Inc. ( TSE:2497 ) has announced that it will pay a dividend of ¥24.00 per share on the 20th of...
Declared Dividend • Dec 11First half dividend of JP¥24.00 announcedDividend of JP¥24.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 20th June 2025 Dividend yield will be 6.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 58% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 40% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
New Risk • Nov 27New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (9.4% net profit margin).
お知らせ • Nov 13UNITED, Inc. (TSE:2497) agreed to acquire 51% stake in Bestco Co., Ltd. from Daisuke Iseki for JPY 976.7 million.UNITED, Inc. (TSE:2497) agreed to acquire 51% stake in Bestco Co., Ltd. from Daisuke Iseki for JPY 976.7 million on November 13, 2024. For the period ending June 30, 2024, Bestco Co., Ltd. reported total revenue of ¥2.3 billion, EBIT of ¥94.34 million and net income of ¥62.84 million. As of June 30, 2024, Bestco Co., Ltd. reported total assets of ¥1.05 billion and total common equity of ¥544.51 million. The transaction is expected to close in mid-December 2024.
Upcoming Dividend • Sep 20Upcoming dividend of JP¥24.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.9%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.2%).
New Risk • Aug 09New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 34% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 148% Cash payout ratio: 98% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.1% net profit margin).
Reported Earnings • Aug 09First quarter 2025 earnings released: EPS: JP¥49.20 (vs JP¥94.30 in 1Q 2024)First quarter 2025 results: EPS: JP¥49.20 (down from JP¥94.30 in 1Q 2024). Revenue: JP¥4.71b (down 35% from 1Q 2024). Net income: JP¥1.93b (down 48% from 1Q 2024). Profit margin: 41% (down from 51% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 3% per year.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥675, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 20x in the Software industry in Japan. Total loss to shareholders of 11% over the past three years.
分析記事 • Jul 26UNITED (TSE:2497) Has Announced A Dividend Of ¥24.00The board of UNITED, Inc. ( TSE:2497 ) has announced that it will pay a dividend on the 9th of December, with investors...
Buy Or Sell Opportunity • Jul 17Now 21% overvaluedOver the last 90 days, the stock has fallen 1.5% to JP¥831. The fair value is estimated to be JP¥687, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 10%.
分析記事 • Jul 11UNITED (TSE:2497) Will Pay A Dividend Of ¥24.00UNITED, Inc. ( TSE:2497 ) will pay a dividend of ¥24.00 on the 9th of December. Based on this payment, the dividend...
Declared Dividend • Jul 11Final dividend of JP¥24.00 announcedDividend of JP¥24.00 is the same as last year. Ex-date: 27th September 2024 Payment date: 9th December 2024 Dividend yield will be 5.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (28% earnings payout ratio) but not adequately covered by cash flows (98% cash payout ratio). The dividend has increased by an average of 58% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 69% to shift the payout ratio to a potentially unsustainable range, which is more than the 17% EPS decline seen over the last 5 years.
Reported Earnings • Jun 25Full year 2024 earnings released: EPS: JP¥60.43 (vs JP¥105 in FY 2023)Full year 2024 results: EPS: JP¥60.43 (down from JP¥105 in FY 2023). Revenue: JP¥12.6b (down 4.3% from FY 2023). Net income: JP¥2.37b (down 43% from FY 2023). Profit margin: 19% (down from 32% in FY 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
分析記事 • May 21UNITED's (TSE:2497) Soft Earnings Are Actually Better Than They AppearUNITED, Inc.'s ( TSE:2497 ) earnings announcement last week didn't impress shareholders. While the headline numbers...
Reported Earnings • May 11Full year 2024 earnings released: EPS: JP¥60.43 (vs JP¥105 in FY 2023)Full year 2024 results: EPS: JP¥60.43 (down from JP¥105 in FY 2023). Revenue: JP¥12.6b (down 4.3% from FY 2023). Net income: JP¥2.37b (down 43% from FY 2023). Profit margin: 19% (down from 32% in FY 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
お知らせ • May 11UNITED, Inc., Annual General Meeting, Jun 19, 2024UNITED, Inc., Annual General Meeting, Jun 19, 2024.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥24.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 19 June 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.3%).
New Risk • Feb 28New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.2% 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. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (3.2% increase in shares outstanding).
Reported Earnings • Feb 10Third quarter 2024 earnings released: JP¥10.34 loss per share (vs JP¥31.04 profit in 3Q 2023)Third quarter 2024 results: JP¥10.34 loss per share (down from JP¥31.04 profit in 3Q 2023). Revenue: JP¥1.62b (down 54% from 3Q 2023). Net loss: JP¥405.0m (down 133% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 10% per year.
Reported Earnings • Nov 10Second quarter 2024 earnings released: JP¥15.45 loss per share (vs JP¥0.63 loss in 2Q 2023)Second quarter 2024 results: JP¥15.45 loss per share (further deteriorated from JP¥0.63 loss in 2Q 2023). Revenue: JP¥1.95b (up 4.6% from 2Q 2023). Net loss: JP¥605.0m (loss widened JP¥580.0m from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Sep 21Upcoming dividend of JP¥24.00 per share at 2.4% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 11 December 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.7%).
Reported Earnings • Aug 09First quarter 2024 earnings released: EPS: JP¥94.30 (vs JP¥59.62 in 1Q 2023)First quarter 2024 results: EPS: JP¥94.30 (up from JP¥59.62 in 1Q 2023). Revenue: JP¥7.22b (up 51% from 1Q 2023). Net income: JP¥3.69b (up 54% from 1Q 2023). Profit margin: 51% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 13% per year.
Reported Earnings • Jun 21Full year 2023 earnings released: EPS: JP¥209 (vs JP¥90.61 in FY 2022)Full year 2023 results: EPS: JP¥209 (up from JP¥90.61 in FY 2022). Revenue: JP¥13.1b (up 3.4% from FY 2022). Net income: JP¥4.14b (up 8.2% from FY 2022). Profit margin: 32% (up from 30% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
お知らせ • May 12UNITED, Inc., Annual General Meeting, Jun 16, 2023UNITED, Inc., Annual General Meeting, Jun 16, 2023.
Reported Earnings • May 12Full year 2023 earnings released: EPS: JP¥209 (vs JP¥181 in FY 2022)Full year 2023 results: EPS: JP¥209 (up from JP¥181 in FY 2022). Revenue: JP¥13.1b (up 3.4% from FY 2022). Net income: JP¥4.14b (up 8.2% from FY 2022). Profit margin: 32% (up from 30% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 7% per year.
Reported Earnings • Feb 10Third quarter 2023 earnings released: EPS: JP¥62.08 (vs JP¥34.81 in 3Q 2022)Third quarter 2023 results: EPS: JP¥62.08 (up from JP¥34.81 in 3Q 2022). Revenue: JP¥3.54b (up 32% from 3Q 2022). Net income: JP¥1.22b (up 67% from 3Q 2022). Profit margin: 34% (up from 27% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
お知らせ • Dec 09UNITED, Inc. (TSE:2497) agreed to acquire Kasooku business of Dufa Co., Ltd.UNITED, Inc. (TSE:2497) agreed to acquire Kasooku business of Dufa Co., Ltd. on December 8, 2022. The transaction is expected to close on December 31, 2022.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 6 highly experienced directors. 1 independent director (7 non-independent directors). Independent External Director Tadatsugu Ishimoto was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 11Second quarter 2023 earnings released: JP¥1.26 loss per share (vs JP¥50.76 profit in 2Q 2022)Second quarter 2023 results: JP¥1.26 loss per share (down from JP¥50.76 profit in 2Q 2022). Revenue: JP¥1.86b (down 44% from 2Q 2022). Net loss: JP¥25.0m (down 102% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
お知らせ • Nov 10UNITED, Inc. (TSE:2497) announces an Equity Buyback for 100,000 shares, representing 0.51% for ¥130 million.UNITED, Inc. (TSE:2497) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 0.51% of its issued share capital (excluding treasury stock), for a total purchase price of ¥130 million. The purpose of the program is to improve capital efficiency and stock value. The program will be valid till December 23, 2022. As of September 30, 2022, the company had 19,643,896 issued shares (excluding treasury stock) and 1,112,449 treasury shares.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥17.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 09 December 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.8%).
Reported Earnings • Aug 05First quarter 2023 earnings released: EPS: JP¥119 (vs JP¥94.75 in 1Q 2022)First quarter 2023 results: EPS: JP¥119 (up from JP¥94.75 in 1Q 2022). Revenue: JP¥4.78b (flat on 1Q 2022). Net income: JP¥2.40b (up 17% from 1Q 2022). Profit margin: 50% (up from 43% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 29+ 1 more updateUNITED, Inc. to Report Q3, 2023 Results on Feb 08, 2023UNITED, Inc. announced that they will report Q3, 2023 results on Feb 08, 2023
Reported Earnings • Jun 22Full year 2022 earnings released: EPS: JP¥181 (vs JP¥168 in FY 2021)Full year 2022 results: EPS: JP¥181 (up from JP¥168 in FY 2021). Revenue: JP¥12.7b (down 22% from FY 2021). Net income: JP¥3.83b (up 2.6% from FY 2021). Profit margin: 30% (up from 23% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 13Full year 2022 earnings released: EPS: JP¥181 (vs JP¥168 in FY 2021)Full year 2022 results: EPS: JP¥181 (up from JP¥168 in FY 2021). Revenue: JP¥12.7b (down 22% from FY 2021). Net income: JP¥3.83b (up 2.6% from FY 2021). Profit margin: 30% (up from 23% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
お知らせ • May 13+ 1 more updateUNITED, Inc., Annual General Meeting, Jun 16, 2022UNITED, Inc., Annual General Meeting, Jun 16, 2022.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. 1 independent director (4 non-independent directors). Independent External Director Tadatsugu Ishimoto was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Feb 09Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥34.81 (up from JP¥5.73 in 3Q 2021). Revenue: JP¥2.69b (down 5.8% from 3Q 2021). Net income: JP¥729.0m (up 474% from 3Q 2021). Profit margin: 27% (up from 4.5% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 10Second quarter 2022 earnings released: EPS JP¥50.76 (vs JP¥0.76 in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥3.35b (up 11% from 2Q 2021). Net income: JP¥1.09b (up JP¥1.07b from 2Q 2021). Profit margin: 32% (up from 0.6% in 2Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 09 December 2021. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.3%).
Reported Earnings • Aug 06First quarter 2022 earnings released: EPS JP¥94.75 (vs JP¥166 in 1Q 2021)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥4.75b (down 41% from 1Q 2021). Net income: JP¥2.06b (down 44% from 1Q 2021). Profit margin: 43% (down from 46% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
Reported Earnings • Jun 26Full year 2021 earnings released: EPS JP¥168 (vs JP¥62.41 in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥16.3b (down 22% from FY 2020). Net income: JP¥3.73b (up 166% from FY 2020). Profit margin: 23% (up from 6.7% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 17% per year.
Reported Earnings • May 14Full year 2021 earnings released: EPS JP¥168 (vs JP¥62.41 in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥16.3b (down 22% from FY 2020). Net income: JP¥3.73b (up 166% from FY 2020). Profit margin: 23% (up from 6.7% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 26% per year.
お知らせ • May 12UNITED, Inc. (TSE:2497) announces an Equity Buyback for 2,000,000 shares, representing 9.15% for ¥3,000 million.UNITED, Inc. (TSE:2497) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 9.15% of its issued share capital (excluding treasury stock), for a total purchase price of ¥3,000 million. The purpose of the program is to improve capital efficiency and stock value. The program will be valid till February 28, 2022. As of March 31, 2021, the company had 21,848,779 issued shares (excluding treasury stock) and 1,823,066 treasury shares.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥18.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 19 June 2021. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (1.3%).
Is New 90 Day High Low • Feb 20New 90-day low: JP¥1,289The company is down 15% from its price of JP¥1,520 on 20 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 3.0% over the same period.
Reported Earnings • Feb 06Third quarter 2021 earnings released: EPS JP¥5.73 (vs JP¥39.00 loss in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥2.85b (down 39% from 3Q 2020). Net income: JP¥127.0m (up JP¥998.0m from 3Q 2020). Profit margin: 4.5% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings.
Is New 90 Day High Low • Jan 29New 90-day low: JP¥1,290The company is down 10.0% from its price of JP¥1,431 on 30 October 2020. The Japanese market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 6.0% over the same period.
Is New 90 Day High Low • Dec 18New 90-day low: JP¥1,378The company is down 7.0% from its price of JP¥1,487 on 18 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 2.0% over the same period.
お知らせ • Jul 31Coinage Investment Co., Ltd. completed the acquisition of 83.07% stake in COINAGE, Inc from UNITED, Inc. (TSE:2497).Coinage Investment Co., Ltd signed share transfer agreement to acquire 83.07% stake in COINAGE, Inc from UNITED, Inc. (TSE:2497) on April 25, 2019. Under the terms, Coinage Investment will acquire 0.02 million shares of COINAGE, Inc. COINAGE, Inc reported net assets of ¥540.5 million, total assets of ¥699.3 million, operating loss of ¥286.02 million and net loss of ¥345.1 million for the fiscal year ended March 2019. The transaction has been resolved by the Board of Directors of UNITED, Inc. at the meeting held on April 25, 2019. The transaction is expected to be completed by April 26, 2019. Coinage Investment Co., Ltd. completed the acquisition of 83.07% stake in COINAGE, Inc from UNITED, Inc. (TSE:2497) on April 26, 2019.
お知らせ • Jul 24United, Inc.'s Common Shares to Be Deleted from Other OTCUNITED, Inc. Common Shares (Japan) will be deleted from other OTC effective from June 29, 2020 due to Inactive Security.
