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Presentation materials on financial results9418U-NEXT HOLDINGS Co.,Ltd.Information and Communications, Services and Others

Second-Quarter Financial Results Presentation for the Fiscal Year Ending August 2026

In the first half of FY2026/08, consolidated revenue and profit at each level exceeded the year-earlier period, reaching record highs for both the first half and the quarter. Meanwhile, the operating margin declined from 8.9% in the year-earlier period to 8.5%, and Store and Facility Solutions reported lower revenue and operating profit.

Worth reading
86Important
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
14
Year-on-year change in revenue (%)
Wording
Conditional
How definitive the wording is.

Contents of this document

Presentation materials on financial resultsSecond quarter of the fiscal year ending August 202611 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥212,823 million+14.0%
Operating profit¥18,116 million+9.0%
Ordinary income¥17,087 million+3.0%
Net income¥9,884 million+5.0%
Operating profit margin8.5%
Selling, general and administrative expensesAmount not stated
Results for the three months of the current quarterYear-on-year and quarter-on-quarter changes are provided for revenue, operating profit, EBITDA and net income attributable to owners of the parent, among other items. Consolidated revenue increased 3% QoQ, operating profit increased 7% QoQ and net income increased 18% QoQ.
Full-year earnings forecast
Net Sales
¥424,000 million
Operating profit
¥33,500 million
Ordinary income
¥32,200 million
Profit attributable to owners of the parent
¥18,500 million
EBITDA
¥46,500 million
EBITDA-CAPEX
¥21,500 million
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Consolidated revenue50%
Consolidated operating profit54%
Consolidated ordinary income53%
Profit attributable to owners of the parent53%
EBITDA52%
EBITDA-CAPEX34%
By segmentContent Distribution: revenue 52%, operating profit 52%; Store and Facility Solutions: revenue 49%, operating profit 54%; Communications and Energy: revenue 50%, operating profit 46%; Financial Services, Real Estate and Global: revenue 43%, operating profit 83%; Adjustments: revenue 50%, operating profit 43%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
All segments are progressing steadily. Operating profit for Store and Facility Solutions, Financial Services, Real Estate and Global, and company-wide adjustments is significantly ahead of the first-half plan.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Decrease in Store and Facility Solutions revenue due to the end of replacement demand for self-checkout machinesNegative ¥4.3 billion
  • Decrease in Store and Facility Solutions profit due to the end of replacement demand for self-checkout machines-¥1.6 billion
  • Store and Facility Solutions pro forma profit comparison+14%
  • Impact on Energy business profit of a ¥1 increase in the JEPX transaction price−¥450 million
  • Bond financing¥20 billion
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • Assumed Exchange Rates¥147 per US dollar (period average)
  • Annual net increase in Content Distribution usersUp 210,000 (U-NEXT up 270,000, Paravi down 60,000)
  • Annual net increase in high-voltage electricity customers+100
  • Annual net increase in low-voltage electricity customersUp 97,000 (corporate 15,000, individual 82,000)
  • Electricity sales volume in the second halfAssumed to be the same as in the first half
New initiatives
  • Participation in the joint establishment of content production company StudioMonowa by TBS, CJ ENM and the Company
  • Exclusive distribution of major content, including the second season of VIVANT
  • Acquisition of a 70% stake in エクシング and its inclusion as a consolidated subsidiary effective 1 April 2026
  • Beginning to handle JOYSOUND products with エクシング, bundling products, and strengthening implementation in the self-checkout machine market
  • Launch of the U-Medical hospital medical expense guarantee service in March 2026
  • Suspension of new applications for high-voltage fixed-rate plans and consideration of price revisions or plan changes for existing customers
Key KPIsA metric the company considers important as a management benchmark.
  • Paid users of Content Distribution5.15 million users, up 480,000 year on year and 110,000 quarter on quarter
    Year on year against the same period last year+10%
  • Number of contracted IDs for Store and Facility SolutionsUp 90,000 year on year and 15,000 quarter on quarter
    Year on year against the same period last year+8%
  • Number of contracted IDs for the 3 core productsUp 40,000 year on year and 6,000 quarter on quarter
    Year on year against the same period last year+18%
  • Number of contracted IDs for core products in Financial Services, Real Estate and GlobalUp 46,000 year on year and 10,000 quarter on quarter
    Year on year against the same period last year+12%
  • Cashless payments GMV
  • Domestic video streaming market shareNo.2
  • Domestic in-store BGM market shareNo.1
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Paid users, contracted IDs for each business, electricity sales volume and power procurement, and ARR are provided. A numerical breakdown of price and volume within a single metric is not disclosed.
Segment results
Content distribution
Net Sales
¥70,617 million+13.0%
Operating profit
¥5,782 million-1.0%
Store and Facility Solutions
Net Sales
¥47,505 million-3.0%
Operating profit
¥8,729 million-5.0%
Communications and Energy
Net Sales
¥89,892 million+22.0%
Operating profit
¥7,027 million+29.0%
Financial Services, Real Estate and Global
Net Sales
¥9,026 million+83.0%
Operating profit
¥1,165 million+48.0%
Adjustments
Net Sales
¥-4,219 million+18.0%
Operating profit
¥-4,588 million-1.0%
Financial targets
ROE
FY2026/08 forecast17.6%
ROIC
FY2026/08 forecast11.7%
Cost of shareholders’ equity
FY2026/08 forecast7.4%
WACC
FY2026/08 forecast4.9%
Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
If the JEPX transaction price rises by ¥1, assuming second-half electricity sales volume is the same as in the first half, the impact on profit would be −¥450 million.
Market Size / Share
No. 2 domestic video streaming market share, No. 1 domestic in-store BGM market share, No. 1 domestic mobile POS market share, and No. 1 domestic self-checkout machine market share. The source for the video streaming market position is GEM Partners' five-year video streaming market forecast report.
Number of stores and locations
860,000 stores and 30,000 facilities. The number of openings and closures during the period is Not disclosed.
Contents of this document
ItemDetails
Document typePresentation materials on financial results
Fiscal Period CoveredSecond quarter of the fiscal year ending August 2026
Net Sales¥212,823 million (YoY +14.0%)
Operating profit¥18,116 million (YoY +9.0%)
Ordinary income¥17,087 million (YoY +3.0%)
Net income¥9,884 million (YoY +5.0%)
Operating profit margin8.5%
Selling, general and administrative expenses非開示
Results for the three months of the current quarterYear-on-year and quarter-on-quarter changes are provided for revenue, operating profit, EBITDA and net income attributable to owners of the parent, among other items. Consolidated revenue increased 3% QoQ, operating profit increased 7% QoQ and net income increased 18% QoQ.
Full-year earnings forecastNet Sales ¥424,000 million / Operating profit ¥33,500 million / Ordinary income ¥32,200 million / Profit attributable to owners of the parent ¥18,500 million / EBITDA ¥46,500 million / EBITDA-CAPEX ¥21,500 million
Progress against full-year forecastConsolidated revenue 50% / Consolidated operating profit 54% / Consolidated ordinary income 53% / Profit attributable to owners of the parent 53% / EBITDA 52% / EBITDA-CAPEX 34% / By segment Content Distribution: revenue 52%, operating profit 52%; Store and Facility Solutions: revenue 49%, operating profit 54%; Communications and Energy: revenue 50%, operating profit 46%; Financial Services, Real Estate and Global: revenue 43%, operating profit 83%; Adjustments: revenue 50%, operating profit 43%
Self-assessment against the planAll segments are progressing steadily. Operating profit for Store and Facility Solutions, Financial Services, Real Estate and Global, and company-wide adjustments is significantly ahead of the first-half plan.
Segment resultsContent distribution Net Sales ¥70,617 million (YoY +13.0%) / Operating profit ¥5,782 million (YoY -1.0%) / Store and Facility Solutions Net Sales ¥47,505 million (YoY -3.0%) / Operating profit ¥8,729 million (YoY -5.0%) / Communications and Energy Net Sales ¥89,892 million (YoY +22.0%) / Operating profit ¥7,027 million (YoY +29.0%) / Financial Services, Real Estate and Global Net Sales ¥9,026 million (YoY +83.0%) / Operating profit ¥1,165 million (YoY +48.0%) / Adjustments Net Sales ¥-4,219 million (YoY +18.0%) / Operating profit ¥-4,588 million (YoY -1.0%)
Breakdown of Factors Affecting the ChangeFactors Decrease in Store and Facility Solutions revenue due to the end of replacement demand for self-checkout machines / Amount Negative ¥4.3 billion, Factors Decrease in Store and Facility Solutions profit due to the end of replacement demand for self-checkout machines / Amount -¥1.6 billion, Factors Store and Facility Solutions pro forma profit comparison / Amount +14%, Factors Impact on Energy business profit of a ¥1 increase in the JEPX transaction price / Amount −¥450 million, Factors Bond financing / Amount ¥20 billion
Key KPIsIndicator name Paid users of Content Distribution / Value 5.15 million users, up 480,000 year on year and 110,000 quarter on quarter / Year on year against the same period last year +10%, Indicator name Number of contracted IDs for Store and Facility Solutions / Value Up 90,000 year on year and 15,000 quarter on quarter / Year on year against the same period last year +8%, Indicator name Number of contracted IDs for the 3 core products / Value Up 40,000 year on year and 6,000 quarter on quarter / Year on year against the same period last year +18%, Indicator name Number of contracted IDs for core products in Financial Services, Real Estate and Global / Value Up 46,000 year on year and 10,000 quarter on quarter / Year on year against the same period last year +12%, Indicator name Cashless payments GMV / Value Not disclosed / Year on year against the same period last year Not disclosed, Indicator name Domestic video streaming market share / Value No.2 / Year on year against the same period last year Not disclosed, Indicator name Domestic in-store BGM market share / Value No.1 / Year on year against the same period last year Not disclosed
Unit price and quantity metricsPaid users, contracted IDs for each business, electricity sales volume and power procurement, and ARR are provided. A numerical breakdown of price and volume within a single metric is not disclosed.
Number of stores and locations860,000 stores and 30,000 facilities. The number of openings and closures during the period is Not disclosed.
Assumptions Underlying the Business OutlookItem Assumed Exchange Rates / Value ¥147 per US dollar (period average), Item Annual net increase in Content Distribution users / Value Up 210,000 (U-NEXT up 270,000, Paravi down 60,000), Item Annual net increase in high-voltage electricity customers / Value +100, Item Annual net increase in low-voltage electricity customers / Value Up 97,000 (corporate 15,000, individual 82,000), Item Electricity sales volume in the second half / Value Assumed to be the same as in the first half
Risk amount incorporated into the outlookIf the JEPX transaction price rises by ¥1, assuming second-half electricity sales volume is the same as in the first half, the impact on profit would be −¥450 million.
Financial targetsROE FY2026/08 forecast 17.6% / ROIC FY2026/08 forecast 11.7% / Cost of shareholders’ equity FY2026/08 forecast 7.4% / WACC FY2026/08 forecast 4.9%
Market Size / ShareNo. 2 domestic video streaming market share, No. 1 domestic in-store BGM market share, No. 1 domestic mobile POS market share, and No. 1 domestic self-checkout machine market share. The source for the video streaming market position is GEM Partners' five-year video streaming market forecast report.
New initiativesParticipation in the joint establishment of content production company StudioMonowa by TBS, CJ ENM and the Company, Exclusive distribution of major content, including the second season of VIVANT, Acquisition of a 70% stake in エクシング and its inclusion as a consolidated subsidiary effective 1 April 2026, Beginning to handle JOYSOUND products with エクシング, bundling products, and strengthening implementation in the self-checkout machine market, Launch of the U-Medical hospital medical expense guarantee service in March 2026, Suspension of new applications for high-voltage fixed-rate plans and consideration of price revisions or plan changes for existing customers
Items this document does not state (9)
Gross Profit MarginNumber of employeesMedium-term management plan targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Revenue increased due to growth in paid users, steady growth in Communications, an increase in Energy customers, and contributions from newly consolidated subsidiaries in Financial Services, Real Estate and Global. On the profit side, lower capacity contribution payments in Energy and higher sales volumes during the peak electricity-demand period contributed to higher profit, while the strengthening of sports-focused content distribution and the decline in replacement demand for self-checkout machines in Store and Facility Solutions affected results.

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Second-Quarter Financial Results Presentation for the Fiscal Year Ending August 2026 | U-NEXT HOLDINGS Co.,Ltd. (9418) timely disclosure | Komori