(9418) Stock Price

U-NEXT HOLDINGS is a holding company that operates a diverse portfolio of businesses centered on video streaming, including store solutions, telecommunications and energy, and finance and real estate. Its flagship offering is "U-NEXT," a subscription-based video streaming service for consumers that provides multi-genre content—including movies, dramas, e-books, music, and sports—on a monthly subscription basis.

The company's primary customers are individual subscription members and business operators such as restaurants, hotels, and medical facilities. Revenue comes from member monthly subscriptions and pay-per-content fees, as well as contract fees and equipment sales for store services, telecommunications and electricity contracts, and commissions from payment processing and rental brokerage services. The company supports its revenue base by combining recurring contract income and one-time sales revenue across its business segments.

The company operates four major business segments. In content distribution, it is strengthening video streaming and original content production. In store and facility solutions, it provides music distribution, store digital transformation, and installation and maintenance of POS systems, self-checkout machines, and surveillance cameras. In telecommunications and energy, it offers corporate network services, fiber-optic and mobile lines, and electricity and gas supply. In finance, real estate, and global operations, it pursues new revenue sources through leasing and installment financing, rent guarantee services, cashless payment solutions, commercial building operations, and food delivery brand expansion primarily in Southeast Asia.

The company has established the medium-term management plan "Road to 2030," positioning the maximization of group enterprise value as its top growth priority. Specifically, it maintains revenue, EBITDA (earnings before interest, taxes, depreciation, and amortization), and CAPEX (capital expenditure) in line with plans while setting benchmarks for equity ratio and ROE (a metric composed of profitability, efficiency, and financial leverage) to manage performance. Looking ahead 5 and 10 years, the company aims to establish a stable revenue base by expanding paid subscriptions and improving ARPU (average revenue per user).

The company positions content distribution as a priority investment area and differentiates itself through strengthening music and sports offerings alongside video, as well as developing original intellectual property. In particular, it offers video, e-books, music, and live entertainment as an "all-in-one entertainment" platform, enhancing user value through U-NEXT points to improve customer engagement and ARPU. For retail partners, it leverages its strong domestic music distribution service and proprietary USEN POS system as core offerings, strengthening competitiveness through integrated proposals combining POS systems, self-checkout machines, and maintenance services.

The company expands into new markets and broadens its business scope by leveraging its existing customer base and sales channels. In telecommunications and energy, it promotes substantive renewable energy plans for corporate clients in high and low voltage categories while advancing residential plans, and enters acquiring (payment acceptance) and contactless payment in the financial sector. In real estate, it aims to increase revenue pillars through tenant recruitment and customer support leveraging its customer base, and globally through launching new businesses in both inbound and outbound markets.

The company positions technological innovation as a growth driver and actively adopts IoT (internet-connected devices), AI (data analytics and automation), and ICT/SaaS technologies. This accelerates DX services for retail and facility operators and solution development for corporate clients, enhancing added value through integrated offerings of hardware (equipment) and software (services and maintenance). The company also prioritizes talent development through "Work Style Innovation" and strengthens compliance and governance, aiming for faster decision-making and improved capacity for sustainable service innovation.