VOL. XCIV, NO. 247

★ WIDE MOAT STOCKS COMPARISON ★

NO ADVICE

Wednesday, January 14, 2026

Stock Comparison

LY Corporation vs Universal Music Group N.V.

Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.

LY Corporation

4689 · Tokyo Stock Exchange (Prime Market)

Market cap (USD)
Gross margin (TTM)
Operating margin (TTM)
Net margin (TTM)
SectorCommunication Services
Industry
CountryJP
Data as of2026-01-12
Moat score
68/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into LY Corporation's moat claims, evidence, and risks.

View 4689 analysis

Universal Music Group N.V.

UMG · Euronext Amsterdam

Market cap (USD)$40.7B
Gross margin (TTM)40.4%
Operating margin (TTM)10.4%
Net margin (TTM)17.5%
SectorCommunication Services
IndustryEntertainment
CountryNL
Data as of2025-12-28
Moat score
77/ 100

Weighted average of segment moat scores, combining moat strength, durability, confidence, market structure, pricing power, and market share.

Full stock profile

Dive deeper into Universal Music Group N.V.'s moat claims, evidence, and risks.

View UMG analysis

Comparison highlights

  • Moat score gap: Universal Music Group N.V. leads (77 / 100 vs 68 / 100 for LY Corporation).
  • Segment focus: LY Corporation has 3 segments (44.2% in Commerce Business); Universal Music Group N.V. has 3 segments (75.2% in Recorded Music).
  • Primary market structure: Oligopoly vs Oligopoly. Pricing power: Weak vs Moderate.
  • Moat breadth: LY Corporation has 5 moat types across 2 domains; Universal Music Group N.V. has 5 across 3.

Primary market context

LY Corporation

Commerce Business

Market

Japan e-commerce platforms and online marketplaces (shopping, fashion, B2B procurement, auctions/reuse, and services e-commerce)

Geography

Japan (with some cross-border commerce exposure via merchants and platforms)

Customer

Consumers and merchants/sellers; some B2B buyers via procurement platforms

Role

Marketplace/platform operator + merchant services (payments, membership/loyalty, advertising, logistics partnerships)

Revenue share

44.2%

Universal Music Group N.V.

Recorded Music

Market

Recorded music rights (labels) and monetization (streaming, physical, licensing/sync)

Geography

Global

Customer

Digital service providers (audio/video/social), physical retailers, and licensing counterparties

Role

Label / master rights holder; artist development, marketing and distribution

Revenue share

75.2%

Side-by-side metrics

LY Corporation
Universal Music Group N.V.
Ticker / Exchange
4689 - Tokyo Stock Exchange (Prime Market)
UMG - Euronext Amsterdam
Market cap (USD)
n/a
$40.7B
Gross margin (TTM)
n/a
40.4%
Operating margin (TTM)
n/a
10.4%
Net margin (TTM)
n/a
17.5%
Sector
Communication Services
Communication Services
Industry
n/a
Entertainment
HQ country
JP
NL
Primary segment
Commerce Business
Recorded Music
Market structure
Oligopoly
Oligopoly
Market share
n/a
31%-33% (estimated)
HHI estimate
n/a
n/a
Pricing power
Weak
Moderate
Moat score
68 / 100
77 / 100
Moat domains
Network, Demand
Legal, Supply, Demand
Last update
2026-01-12
2025-12-28

Moat coverage

Shared moat types

No overlap yet.

LY Corporation strengths

Two Sided NetworkData Network EffectsHabit DefaultEcosystem ComplementsSwitching Costs General

Universal Music Group N.V. strengths

Content Rights CurrencyScale Economies Unit CostBrand TrustLong Term ContractsService Field Network

Segment mix

LY Corporation segments

Full profile >

Media Business

Oligopoly

38.1%

Commerce Business

Oligopoly

44.2%

Strategic Business (FinTech)

Oligopoly

17.8%

Universal Music Group N.V. segments

Full profile >

Recorded Music

Oligopoly

75.2%

Music Publishing

Oligopoly

17.9%

Merchandising and Other

Competitive

7.1%

Want the full wide moat stocks list?

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Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.