Overview
Services

UNITED,Inc.

United, Inc. operates a diversified internet-focused business group comprising four segments: Investment, Education, Human Resources Matching, and Ad-Tech & Content. The Investment segment incubates and manages stakes in early-stage internet ventures, while the Education segment (anchored by Kiramex/Brewas) provides online learning services. The Human Resources Matching segment (United Recruitment) and Ad-Tech & Content segment serve corporate clients across digital marketing and staffing domains.

Market Cap
¥18.4B
US$117M
EV
¥12.1B
US$77.2M
Stock¥491▼-1.01%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
NM
LTM PBR
1.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-28.3%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
18.4BUS$117MMarket Cap0.18BUS$1.18M+ Debt5.57BUS$35.5M− Cash1.31BUS$8.35M− Inv. Sec.0.43BUS$2.73M+ NCI12.1BUS$77.2MEV
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Performance & Balance
Revenue 5Y (¥B)
12.7US$81.1M'22/313.1US$83.8M'23/312.6US$80.2M'24/312.0US$76.8M'25/38.86US$56.5M'26/3
EBITDA 5Y (¥B)
5.88US$37.5M'22/35.97US$38.1M'23/35.01US$32.0M'24/32.82US$18.0M'25/3-1.01-US$6.44M'26/3
Net Income 5Y (¥B)
3.83US$24.4M'22/34.14US$26.4M'23/32.37US$15.1M'24/31.48US$9.44M'25/3-1.56-US$9.94M'26/3
Capital Structure
99%
EquityD/E 0.01xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
12.4US$78.9M0.24US$1.56M'22/313.8US$88.0M0.20US$1.29M'23/314.4US$91.6M0.16US$1.01M'24/314.0US$89.1M0.26US$1.65M'25/37.27US$46.4M0.20US$1.25M'26/3
Shareholders
Top 10 hold 57.5%
1
㈱Hakuhodo DY ONE
49.40%
2
Tomoki HAYAKAWA
3.10%
3
Soji TAKEUCHI
2.00%
4
Cause Ventures Co., Ltd.
1.00%
5
Yozo FUJISAWA
0.50%
6
MLI FOR CLIENT GENERAL NON TREATY-PB (Standing Proxy: BofA Securities Japan Co., Ltd.)
0.40%
7
Hiroshi SASAKI
0.40%
8
Michiko ITO
0.30%
9
Hiroshi KAWAKAMI
0.20%
10
Junichi ARAKAWA
0.20%
Management
10 officers
Tomoki HAYAKAWA
Representative Director, President
Apr 1992 Joined Hakuhodo Inc. Sep 1999 Appointed Managing Director, CyberAgent, Inc. Jan 2000 Appointed Director, Vice President and COO, CyberAgent, Inc. Dec 2004 Established Interspire Inc. (now the Company) Mar 2009 Appointed Representative Director, President and CEO, Spire Inc. (now the Company) Dec 2012 Appointed Representative Director, Chairman and CEO of the Company Jun 2020 Appointed Representative Director, President and Executive Officer of the Company (current) Feb 2021 Appointed Director, United Marketing Technologies Inc. (current) Apr 2022 Responsible for Investment Business (now Investment Business) of the Company (current) Dec 2024 Appointed Director, Bestco Inc. (current) Apr 2025 Appointed Director, Brueus Inc. (current)
1969-09-02
Yozo KANEKO
Representative Director
Apr 1999 Joined Lehman Brothers Securities Co., Ltd., Tokyo Branch Feb 2002 Established Upstairs Inc.; appointed Representative Director, President of the same company Feb 2006 Appointed Director, NetAge Capital Partners Inc. (now the Company) Jun 2007 Appointed Director and Executive Officer, COO, ngi group Inc. (now the Company) Sep 2007 Appointed Representative Director, President, ngi capital Inc. (now the Company) Feb 2009 Appointed Representative Director and Executive Officer, President, ngi group Inc. (now the Company) Mar 2009 Appointed Director, Fractalist Inc. (now the Company) Sep 2011 Appointed Representative Director, Venture United Inc. (current) Dec 2012 Appointed Representative Director, President and COO of the Company Jun 2020 Appointed Director of the Company Jun 2021 Appointed Director, Revise Inc. (current) Apr 2022 Appointed Representative Director and Executive Officer of the Company (current) Apr 2024 Appointed General Manager, Talent Matching Business Division of the Company (current) Jun 2024 Appointed Representative Director, United Recruitment Inc. (current)
1976-07-31
Yuji YAMASHITA
Director
Apr 2002 Joined Goodwill Group Inc. (now Technopro Holdings, Inc.) Feb 2005 Joined Digital Advertising Consortium Inc. Apr 2006 Seconded to Interspire Inc. (now the Company) Sep 2011 Appointed Director, Spire Inc. (now the Company) Jun 2016 Appointed Director of the Company Jun 2020 Appointed Executive Officer and General Manager, Corporate Management Division of the Company Jun 2022 Appointed Director and Executive Officer, General Manager, Corporate Management Division of the Company (current) Oct 2023 Appointed Representative Director, Revise Inc. (current) Apr 2025 Appointed Director, Brueus Inc. (current)
1980-03-31
Takahiro HIGUCHI
Director
Apr 2012 Joined Spire Inc. (now the Company) Apr 2016 Seconded to Kiramex Inc. (now Brueus Inc.) Aug 2017 Appointed Director of the same company Jun 2018 Appointed Representative Director, President of the same company Jun 2022 Appointed Director of the Company (current) Dec 2024 Appointed Representative Director, Bestco Inc. (current) Apr 2025 Appointed Executive Officer of the Company (current)
1990-01-06
Yuzo TANAKA
Director
Apr 1998 Joined Tekken Corporation Apr 2012 Appointed Executive Officer, General Manager, Sales Division, Digital Advertising Consortium Inc. (now Hakuhodo DY ONE Co., Ltd.) Apr 2014 Appointed Executive Officer, General Manager, Product Development Division, the same company Oct 2016 Appointed Director and Executive Officer, General Manager, Product Development Division, the same company Apr 2017 Appointed Director and Executive Officer, General Manager, Solution Services Division, the same company Jun 2018 Appointed Director of the Company Jun 2019 Appointed Full-time Director and Executive Officer, Digital Advertising Consortium Inc. Apr 2022 Appointed Representative Director, President and Executive Officer, CEO and CCO, the same company Apr 2022 Appointed Executive Officer, Hakuhodo DY Holdings Inc. (current) Jun 2022 Appointed Director of the Company (current) May 2023 Appointed Audit & Supervisory Board Member, PT Data arts Xperience (current) Apr 2024 Appointed Representative Director, President, Digital Advertising Consortium Inc.; appointed Representative Director, Chairman and Executive Officer, Hakuhodo DY ONE Co., Ltd. Apr 2026 Appointed Director, Hakuhodo DY ONE Co., Ltd. (current) Apr 2026 Appointed Representative Director, President, COO and CCO, Hakuhodo Technologies Inc. (current)
1973-11-08
Naohito UEHARA
Director
Apr 1994 Joined Hakuhodo Inc. Apr 2010 Seconded to Digital Advertising Consortium Inc. (now Hakuhodo DY ONE Co., Ltd.); Manager, Office of the President, Strategy Division Apr 2011 Appointed Executive Officer and Deputy General Manager, Strategy Division, the same company Apr 2013 Appointed Executive Officer and General Manager, Strategy Division, the same company Oct 2016 Appointed Director and Executive Officer, General Manager, Strategy Division, the same company Apr 2023 Appointed Director and Managing Executive Officer, General Manager, Strategy Division, the same company Apr 2024 Appointed Managing Executive Officer, Hakuhodo DY ONE Co., Ltd. Jun 2024 Appointed Director of the Company (current) Apr 2025 General Manager, Business Promotion Office, Hakuhodo DY Holdings Inc. (current); Director, Soldout Inc. (current); Director, SIGNING (current) Apr 2026 Appointed Director, OPT Corporation (current)
1971-08-11
Chuji ISHIMOTO
Director
Apr 2001 Appointed Director in charge of finance, Doctor Net Inc. Oct 2002 Appointed Senior Representative Partner, Mentor Capital Tax Office (now Mentor Capital Tax Accountants Corporation) Appointed Representative Director, Mentor Capital FAS Inc. (now Mentor Capital Holdings Inc.) (current) Dec 2012 Appointed Audit & Supervisory Board Member of the Company Jun 2016 Appointed Outside Director of the Company (current) Feb 2020 Appointed Outside Director (Audit and Supervisory Committee Member), Visional Inc. (current) Oct 2021 Appointed Outside Director (Audit and Supervisory Committee Member), I-Mobile Co., Ltd. (current) Mar 2022 Appointed Outside Director (Audit and Supervisory Committee Member), Blue Planet-works Inc. (current) Oct 2023 Appointed Outside Director (Audit and Supervisory Committee Member), Tsukuruba Inc. (current)
1973-10-09
Shigeru YAMASAKI
Full-time Audit & Supervisory Board Member
Apr 1984 Joined Asahi Tsushinsha Co., Ltd. (now ADK Holdings Inc.) Jun 2008 Appointed Audit & Supervisory Board Member, Interspire Inc. (now the Company) Appointed Audit & Supervisory Board Member, Interride Inc. (now the Company) Mar 2009 Appointed Audit & Supervisory Board Member, Spire Inc. (now the Company) Mar 2010 Appointed Audit & Supervisory Board Member, International Sports Marketing Inc. (current) Dec 2012 Appointed Audit & Supervisory Board Member of the Company (current)
1961-10-12
Takeshi OMURA
Audit & Supervisory Board Member
Apr 1999 Registered as attorney-at-law (Dai-ni Tokyo Bar Association) Jan 2011 Established Foresight Law Office; appointed Managing Partner of the same office (current) Dec 2012 Appointed Outside Audit & Supervisory Board Member of the Company (current) Aug 2024 Appointed Outside Audit & Supervisory Board Member, Grand Central Inc. (current) Jan 2026 Appointed Outside Audit & Supervisory Board Member, Sakanotochu Inc. (current)
1974-04-27
Nozomi KOKOMA
Audit & Supervisory Board Member
Dec 2006 Joined Shin Nihon LLC (now EY Shin Nihon LLC) Nov 2010 Registered as Certified Public Accountant; established Nozomi Kokoma CPA Office, Representative (current) Aug 2012 Appointed Member, Toranomon Audit Corporation (current) Jun 2016 Appointed Outside Audit & Supervisory Board Member of the Company (current) Jun 2018 Appointed Outside Audit & Supervisory Board Member, FIS Co., Ltd. (current) Jun 2023 Appointed Outside Director (Audit and Supervisory Committee Member), Matsui Securities Co., Ltd. (current) Dec 2023 Appointed Outside Director (Audit and Supervisory Committee Member), Strike Co., Ltd. (current)
1980-07-31
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-03
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-17
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-05
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-06
Semi-Annual Securities Report
Period: Apr 2025 – Sep 2025
TDnet
2025-08-01
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-18
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-06
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-07
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-20
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-08
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-09
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-08
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-19
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-08
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-09
Quarterly Securities Report
EDINETAmended
2022-11-09
Amended Quarterly Securities Report
EDINET
2022-08-04
Quarterly Securities Report
EDINET
2022-06-17
Annual Securities Report
EDINET
2022-02-08
Quarterly Securities Report
EDINET
2021-11-09
Quarterly Securities Report
EDINET
2021-08-05
Quarterly Securities Report
EDINET
2021-06-21
Annual Securities Report
EDINET
2021-02-04
Quarterly Securities Report
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