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

Financial Results Briefing Materials for the Fiscal Year Ended August 2026

In the fiscal year ended August 2026, revenue reached a record high, while operating profit declined due in part to weakness in the energy business. Revenue exceeded the initial forecast, while operating profit, ordinary profit and net income fell short of forecast.

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Scale
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Year-on-year change in revenue (%)
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Contents of this document

Presentation materials for financial resultsFiscal year ending August 202612 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥469,957 million+20.0%
Operating profit¥30,255 million-4.0%
Ordinary income¥28,169 million-9.0%
Net income¥14,959 million-19.0%
Operating profit margin6.4 %
Selling, general and administrative expenses¥31,032 million
Results for the three months of the current quarterQuarterly trends in revenue, operating profit, EBITDA and net income are presented in charts. Selling, general and administrative expenses in Q4 were ¥31,032 million, and SG&A as a percentage of revenue was 22.5%.
Full-year earnings forecast
Net Sales
¥424,000 million
Operating profit
¥33,500 million
Ordinary income
¥32,200 million
Net income
¥18,500 million
Net income, goodwill-adjusted
¥22,000 million
EBITDA
¥46,500 million
EBITDA margin
11 %
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
Net Sales111
Operating profit90
Ordinary income87
Net income81
Net income, goodwill-adjusted85
EBITDA99
By segmentProgress toward the full-year forecast for revenue and operating profit is provided for content distribution, store and facility solutions, telecommunications and energy, financial services, real estate and global operations, and adjustments.
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
All segments except telecommunications and energy, including adjustments, achieved the initial forecast. On a consolidated basis, revenue significantly exceeded forecast, while operating profit fell short.
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Profit impact of the special demand related to the redesign of banknotes¥-16 million
  • Temporary deterioration in the operating environment due to higher power procurement costs in the energy business¥-68 million
  • Growth investments and financing, including M&A¥216 million
  • Acquisition of XING¥175 million
New initiatives
  • Comprehensive Strategic Partnership with NBCUniversal
  • Exclusive launch of Universal+ in Japan from October 2026
  • Karaoke business M&A, including the acquisition of XING
  • Transfer of the cashless payments business and newly consolidated subsidiary
Key KPIsA metric the company considers important as a management benchmark.
  • Recurring revenue
    Year on year against the same period last year+23.0%
  • Recurring revenue ratio83 %
  • Paying users5.4 million people
    Year on year against the same period last year+9.2%
  • Number of store solutions contracts
    Year on year against the same period last year+8.3%
  • Number of telecommunications and energy contracts
    Year on year against the same period last year+25.3%
  • Number of contracts for core products in financial services, real estate and global operations
    Year on year against the same period last year+11.0%
  • ARR¥130,361 million
    Year on year against the same period last year+10.0%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
  • Paying users5.4 million people
    Year on year against the same period last year+9.2%
  • Average revenue per customer (MRR basis)¥2,012
  • Number of store solutions contracts
    Year on year against the same period last year+8.3%
  • Number of telecommunications and energy contracts
    Year on year against the same period last year+25.3%
Segment results
Content distribution
Net Sales
¥144,460 million+13.0%
Operating profit
¥11,276 million+17.0%
Store and Facility Solutions
Net Sales
¥110,614 million+14.0%
Operating profit
¥16,849 million+3.0%
Communications and Energy
Net Sales
¥199,459 million+24.0%
Operating profit
¥9,533 million-28.0%
Financial Services, Real Estate and Global
Net Sales
¥24,277 million+118.0%
Operating profit
¥2,156 million+45.0%
Adjustments
Net Sales
¥-8,854 million
Operating profit
¥-9,560 million
Medium-term management plan targets
Target fiscal yearFY2030/08
Consolidated revenue CAGR9.0～10.6%
Consolidated operating profit CAGR7.3～10.3%
Operating profit margin7.5～8.0%
EBITDA CAGR6.6～9.0%
Equity ratio30～40%
ROIC10% or higher
Payout ratio20～30%
Financial targets
Equity ratio
Target30～40%
Actual results30.9%
Gross leverage ratio
TargetApproximately 2.5x
Actual results2.1x
Gross D/E ratio
TargetApproximately 1.0x
Actual results0.9x
ROE
Target16% or higher
Actual results14.5%
ROIC
Target10% or higher
Actual results10.4%
Equity spread
Target8% or higher
Actual results6.8%
EVA spread
Target5% or more
Actual results5.5%
Market Size / Share
  • No.2
    Market / IndicatorsDomestic video streaming market share
  • No.1
    Market / IndicatorsNumber of unlimited-viewing content titles
  • No.1
    Market / IndicatorsDomestic in-store BGM market share
  • No.1
    Market / IndicatorsDomestic market share of mobile POS systems
  • No.1
    Market / IndicatorsDomestic market share of self-checkout machines
  • No.2
    Market / IndicatorsDomestic market share of commercial karaoke equipment
Number of stores and locations
The company reported 860,000 stores and 30,000 facilities. The number of openings and closures during the period is Not disclosed.
Capital expenditures
50 Equivalent to ¥1 billion tangible and intangible business CAPEX
Payout ratio
20.5 %
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredFiscal year ending August 2026
Net Sales¥469,957 million (YoY +20.0%)
Operating profit¥30,255 million (YoY -4.0%)
Ordinary income¥28,169 million (YoY -9.0%)
Net income¥14,959 million (YoY -19.0%)
Operating profit margin6.4 %
Selling, general and administrative expenses¥31,032 million
Results for the three months of the current quarterQuarterly trends in revenue, operating profit, EBITDA and net income are presented in charts. Selling, general and administrative expenses in Q4 were ¥31,032 million, and SG&A as a percentage of revenue was 22.5%.
Full-year earnings forecastNet Sales ¥424,000 million / Operating profit ¥33,500 million / Ordinary income ¥32,200 million / Net income ¥18,500 million / Net income, goodwill-adjusted ¥22,000 million / EBITDA ¥46,500 million / EBITDA margin 11 % / EBITDA_CAPEX ¥21,500 million
Progress against full-year forecastConsolidated Net Sales 111 / Operating profit 90 / Ordinary income 87 / Net income 81 / Net income, goodwill-adjusted 85 / EBITDA 99 / By segment Progress toward the full-year forecast for revenue and operating profit is provided for content distribution, store and facility solutions, telecommunications and energy, financial services, real estate and global operations, and adjustments.
Self-assessment against the planAll segments except telecommunications and energy, including adjustments, achieved the initial forecast. On a consolidated basis, revenue significantly exceeded forecast, while operating profit fell short.
Segment resultsContent distribution Net Sales ¥144,460 million (YoY +13.0%) / Operating profit ¥11,276 million (YoY +17.0%) / Store and Facility Solutions Net Sales ¥110,614 million (YoY +14.0%) / Operating profit ¥16,849 million (YoY +3.0%) / Communications and Energy Net Sales ¥199,459 million (YoY +24.0%) / Operating profit ¥9,533 million (YoY -28.0%) / Financial Services, Real Estate and Global Net Sales ¥24,277 million (YoY +118.0%) / Operating profit ¥2,156 million (YoY +45.0%) / Adjustments Net Sales ¥-8,854 million / Operating profit ¥-9,560 million
Breakdown of Factors Affecting the ChangeFactors Profit impact of the special demand related to the redesign of banknotes / Amount ¥-16 million, Factors Temporary deterioration in the operating environment due to higher power procurement costs in the energy business / Amount ¥-68 million, Factors Growth investments and financing, including M&A / Amount ¥216 million, Factors Acquisition of XING / Amount ¥175 million
Key KPIsIndicator name Recurring revenue / Value Not disclosed / Year on year against the same period last year 23, Indicator name Recurring revenue ratio / Value 83 % / Year on year against the same period last year Not disclosed, Indicator name Paying users / Value 5.4 million people / Year on year against the same period last year 9.2 million people, Indicator name Number of store solutions contracts / Value Not disclosed / Year on year against the same period last year 8.3 thousand cases, Indicator name Number of telecommunications and energy contracts / Value Not disclosed / Year on year against the same period last year 25.3 thousand cases, Indicator name Number of contracts for core products in financial services, real estate and global operations / Value Not disclosed / Year on year against the same period last year 11 thousand cases, Indicator name ARR / Value ¥130,361 million / Year on year against the same period last year ¥10 million
Unit price and quantity metricsIndicator name Paying users / Value 5.4 million people / Year on year against the same period last year 9.2 million people, Indicator name Average revenue per customer (MRR basis) / Value ¥2,012 / Year on year against the same period last year Not disclosed, Indicator name Number of store solutions contracts / Value Not disclosed / Year on year against the same period last year 8.3 thousand cases, Indicator name Number of telecommunications and energy contracts / Value Not disclosed / Year on year against the same period last year 25.3 thousand cases
Number of stores and locationsThe company reported 860,000 stores and 30,000 facilities. The number of openings and closures during the period is Not disclosed.
Medium-term management plan targetsTarget fiscal year FY2030/08 / Consolidated revenue CAGR 9.0～10.6% / Consolidated operating profit CAGR 7.3～10.3% / Operating profit margin 7.5～8.0% / EBITDA CAGR 6.6～9.0% / Equity ratio 30～40% / ROIC 10% or higher / Payout ratio 20～30%
Financial targetsEquity ratio Target 30～40% / Actual results 30.9% / Gross leverage ratio Target Approximately 2.5x / Actual results 2.1x / Gross D/E ratio Target Approximately 1.0x / Actual results 0.9x / ROE Target 16% or higher / Actual results 14.5% / ROIC Target 10% or higher / Actual results 10.4% / Equity spread Target 8% or higher / Actual results 6.8% / EVA spread Target 5% or more / Actual results 5.5%
Payout ratio20.5 %
Capital expenditures50 Equivalent to ¥1 billion (tangible and intangible business CAPEX)
Market Size / ShareMarket / Indicators Domestic video streaming market share / Value No.2, Market / Indicators Number of unlimited-viewing content titles / Value No.1, Market / Indicators Domestic in-store BGM market share / Value No.1, Market / Indicators Domestic market share of mobile POS systems / Value No.1, Market / Indicators Domestic market share of self-checkout machines / Value No.1, Market / Indicators Domestic market share of commercial karaoke equipment / Value No.2
New initiativesComprehensive Strategic Partnership with NBCUniversal, Exclusive launch of Universal+ in Japan from October 2026, Karaoke business M&A, including the acquisition of XING, Transfer of the cashless payments business and newly consolidated subsidiary
Items this document does not state (8)
Gross Profit MarginNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAnnual DividendAcquisition of treasury sharesOrders 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 customers and users across the businesses and contributions from M&A. Operating profit was affected by lower profit in the energy business due to higher power procurement costs against the backdrop of tensions in the Middle East, increased depreciation and amortization of goodwill associated with the karaoke business M&A, interest expenses, foreign exchange losses and higher profit attributable to non-controlling interests.

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Financial Results Briefing Materials for the Fiscal Year Ended August 2026 | U-NEXT HOLDINGS Co.,Ltd. (9418) timely disclosure | Komori