USS Co., Ltd.

USS reported its full-year results for the fiscal year ending March 2026, posting revenue of 113.8 billion yen, up 9.5% year on year, operating profit of 59.8 billion yen, up 10.4%, and net profit of 41.3 billion yen, up 9.9%, achieving growth in both revenue and profit. Its operating profit margin reached 52.6%, far above the 7.4% median for the services sector. The auto auction business was the main profit driver, generating revenue of 89.7 billion yen, just under 80% of the total, with operating profit of 58.5 billion yen and an operating margin of 65.3% for the segment alone. Alongside its disclosure for the first quarter of the fiscal year ending March 2027, the company raised its full-year forecast, lifting operating profit to 62.6 billion yen from 61 billion yen, up 4.6% year on year. Its equity ratio stood at 76.7%, well above the services sector median of 54.3%, while its ROE came in at 20.1%, nearly double the median of 10.7%. The dividend payout ratio was 61.6%, and share buybacks reduced the number of shares outstanding from 514 million at the end of the previous fiscal year to 474 million.