U-NEXT HOLDINGS 9-Month Revenue Rises 17% to ¥332 Billion; Profit Eases on Investment

U-NEXT HOLDINGS Co., Ltd. (TSE: 9418) reported consolidated results for the nine months ended May 31, 2026 under Japanese GAAP. Revenue rose 17.2% to ¥332,320 million and operating profit rose 4.2% to ¥25,233 million, but ordinary profit slipped 0.9% to ¥23,728 million and net profit attributable to owners eased 4.8% to ¥12,919 million. EBITDA rose 9.5% to ¥35,735 million; nine-month EPS was ¥71.63 (prior ¥75.22).

Growth outpaces profit

Revenue grew far faster than profit as the group invested in content, subscriber acquisition and the integration of newly acquired businesses. The company is the product of the 2024 combination of the U-NEXT video-streaming service and the USEN broadband, telecom and in-store-BGM businesses.

Xing / JOYSOUND added

During the period the group newly consolidated Xing Inc., operator of the JOYSOUND karaoke platform, broadening the entertainment portfolio. A three-for-one stock split took effect on December 1, 2024, and prior-year per-share figures are restated accordingly.

Dividend lifted to ¥17

The full-year FY8/2026 dividend forecast was raised to ¥17.00 per share (¥8.50 interim + ¥8.50 year-end) from ¥15.50. Total assets were ¥335,458 million and net assets ¥122,055 million, an equity ratio of 31.9%.

Full-year guidance

For FY8/2026 the group guides revenue of ¥424,000 million (+8.6%), operating profit of ¥33,500 million (+6.1%), ordinary profit of ¥32,200 million (+4.2%) and net profit of ¥18,500 million (+0.6%), with EPS of ¥102.57 and EBITDA of ¥46,500 million (+8.1%).

JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.