Buy Or Sell Opportunity • Mar 09
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to JP¥883. The fair value is estimated to be JP¥1,146, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 12%. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥925, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 16x in the IT industry in Japan. Total loss to shareholders of 45% over the past three years. Buy Or Sell Opportunity • Feb 17
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 28% to JP¥922. The fair value is estimated to be JP¥1,217, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 12%. Reported Earnings • Feb 16
First quarter 2026 earnings released: EPS: JP¥15.75 (vs JP¥15.98 in 1Q 2025) First quarter 2026 results: EPS: JP¥15.75 (down from JP¥15.98 in 1Q 2025). Revenue: JP¥854.0m (down 2.8% from 1Q 2025). Net income: JP¥49.0m (down 7.5% from 1Q 2025). Profit margin: 5.7% (down from 6.0% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 25
Full year 2025 earnings released: EPS: JP¥47.17 (vs JP¥17.23 in FY 2024) Full year 2025 results: EPS: JP¥47.17 (up from JP¥17.23 in FY 2024). Revenue: JP¥3.36b (up 12% from FY 2024). Net income: JP¥153.0m (up 168% from FY 2024). Profit margin: 4.5% (up from 1.9% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Nov 14
Intimate Merger, Inc., Annual General Meeting, Dec 19, 2025 Intimate Merger, Inc., Annual General Meeting, Dec 19, 2025. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥1,481, the stock trades at a trailing P/E ratio of 34.5x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 4.7% over the past three years. Announcement • Aug 29
Intimate Merger, Inc. to Report Fiscal Year 2025 Results on Nov 14, 2025 Intimate Merger, Inc. announced that they will report fiscal year 2025 results on Nov 14, 2025 Reported Earnings • Aug 16
Third quarter 2025 earnings released: EPS: JP¥9.92 (vs JP¥0.30 in 3Q 2024) Third quarter 2025 results: EPS: JP¥9.92 (up from JP¥0.30 in 3Q 2024). Revenue: JP¥828.0m (up 16% from 3Q 2024). Net income: JP¥32.0m (up JP¥31.0m from 3Q 2024). Profit margin: 3.9% (up from 0.1% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,116, the stock trades at a trailing P/E ratio of 36.5x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 20% over the past three years. Reported Earnings • May 21
Second quarter 2025 earnings released: EPS: JP¥10.50 (vs JP¥6.04 in 2Q 2024) Second quarter 2025 results: EPS: JP¥10.50 (up from JP¥6.04 in 2Q 2024). Revenue: JP¥815.0m (up 5.0% from 2Q 2024). Net income: JP¥35.0m (up 75% from 2Q 2024). Profit margin: 4.3% (up from 2.6% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • May 20
Intimate Merger, Inc. (TSE:7072) announces an Equity Buyback for 261,800 shares, representing 7.85% for ¥270.96 million. Intimate Merger, Inc. (TSE:7072) announces a share repurchase program. Under the program, the company will repurchase up to 261,800 shares, representing 7.85% of its issued share capital, for ¥270.96 million. The shares will be repurchased at a price of ¥906 per share. The purpose of the program is to mitigate the short-term impact on the supply and demand of our shares due to this sale and to lessen the impact on existing shareholders. The program will expire on May 20, 2025. As of May 19, 2025, the company had 3,334,629 shares in issue(excluding treasury stock) and 5,721 shares in treasury. New Risk • May 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 9.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.4% average weekly change). Minor Risk Market cap is less than US$100m (JP¥2.83b market cap, or US$19.4m). New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (JP¥2.12b market cap, or US$14.5m). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥656, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 15x in the IT industry in Japan. Total loss to shareholders of 53% over the past three years. Reported Earnings • Feb 17
First quarter 2025 earnings released: EPS: JP¥15.98 (vs JP¥6.97 in 1Q 2024) First quarter 2025 results: EPS: JP¥15.98 (up from JP¥6.97 in 1Q 2024). Revenue: JP¥879.0m (up 10% from 1Q 2024). Net income: JP¥53.0m (up 130% from 1Q 2024). Profit margin: 6.0% (up from 2.9% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 28
Full year 2024 earnings released: EPS: JP¥17.23 (vs JP¥30.50 in FY 2023) Full year 2024 results: EPS: JP¥17.23 (down from JP¥30.50 in FY 2023). Revenue: JP¥3.00b (flat on FY 2023). Net income: JP¥57.0m (down 43% from FY 2023). Profit margin: 1.9% (down from 3.4% in FY 2023). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • Nov 14
Intimate Merger, Inc., Annual General Meeting, Dec 20, 2024 Intimate Merger, Inc., Annual General Meeting, Dec 20, 2024. Announcement • Aug 29
Intimate Merger, Inc. to Report Fiscal Year 2024 Results on Nov 14, 2024 Intimate Merger, Inc. announced that they will report fiscal year 2024 results on Nov 14, 2024 Reported Earnings • Aug 19
Third quarter 2024 earnings released Third quarter 2024 results: EPS: JP¥0.30. Revenue: JP¥714.0m (down 1.7% from 3Q 2023). Net income: JP¥1.00m (up JP¥1.00m from 3Q 2023). Profit margin: 0.1% (up from 0% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to JP¥784, the stock trades at a trailing P/E ratio of 45.6x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 14% over the past three years. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,292, the stock trades at a trailing P/E ratio of 75.1x. Average trailing P/E is 19x in the IT industry in Japan. Total returns to shareholders of 30% over the past three years. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥1,448, the stock trades at a trailing P/E ratio of 67.5x. Average trailing P/E is 20x in the IT industry in Japan. Total returns to shareholders of 8.6% over the past three years. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,149, the stock trades at a trailing P/E ratio of 53.6x. Average trailing P/E is 20x in the IT industry in Japan. Total loss to shareholders of 13% over the past three years. Reported Earnings • Feb 17
First quarter 2024 earnings released: EPS: JP¥6.97 (vs JP¥15.97 in 1Q 2023) First quarter 2024 results: EPS: JP¥6.97 (down from JP¥15.97 in 1Q 2023). Revenue: JP¥797.0m (flat on 1Q 2023). Net income: JP¥23.0m (down 56% from 1Q 2023). Profit margin: 2.9% (down from 6.5% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Nov 17
Intimate Merger, Inc., Annual General Meeting, Dec 20, 2023 Intimate Merger, Inc., Annual General Meeting, Dec 20, 2023. Announcement • Sep 02
Intimate Merger, Inc. to Report Fiscal Year 2023 Results on Nov 14, 2023 Intimate Merger, Inc. announced that they will report fiscal year 2023 results on Nov 14, 2023 Reported Earnings • Aug 16
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: JP¥726.0m (up 2.3% from 3Q 2022). Net income: JP¥0 (down JP¥15.0m from profit in 3Q 2022). Profit margin: 0% (down from 2.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥1,347, the stock trades at a trailing P/E ratio of 34.9x. Average trailing P/E is 19x in the IT industry in Japan. Total loss to shareholders of 30% over the past three years. Valuation Update With 7 Day Price Move • May 16
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥1,601, the stock trades at a trailing P/E ratio of 51.6x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 19% over the past three years. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥2,134, the stock trades at a trailing P/E ratio of 68.7x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,995, the stock trades at a trailing P/E ratio of 64.3x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 13% over the past three years. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,775, the stock trades at a trailing P/E ratio of 57.2x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 20% over the past three years. Reported Earnings • Feb 15
First quarter 2023 earnings released: EPS: JP¥15.97 (vs JP¥6.33 in 1Q 2022) First quarter 2023 results: EPS: JP¥15.97 (up from JP¥6.33 in 1Q 2022). Revenue: JP¥794.0m (up 13% from 1Q 2022). Net income: JP¥52.0m (up 160% from 1Q 2022). Profit margin: 6.5% (up from 2.9% in 1Q 2022). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥1,530, the stock trades at a trailing P/E ratio of 71.8x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 48% over the past three years. Reported Earnings • Dec 27
Full year 2022 earnings released: EPS: JP¥21.72 (vs JP¥9.47 in FY 2021) Full year 2022 results: EPS: JP¥21.72 (up from JP¥9.47 in FY 2021). Revenue: JP¥2.80b (up 39% from FY 2021). Net income: JP¥70.0m (up 141% from FY 2021). Profit margin: 2.5% (up from 1.4% in FY 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥1,468, the stock trades at a trailing P/E ratio of 68.2x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 47% over the past three years. Reported Earnings • Nov 18
Full year 2022 earnings released: EPS: JP¥21.72 (vs JP¥9.47 in FY 2021) Full year 2022 results: EPS: JP¥21.72 (up from JP¥9.47 in FY 2021). Revenue: JP¥2.80b (up 39% from FY 2021). Net income: JP¥70.0m (up 141% from FY 2021). Profit margin: 2.5% (up from 1.4% in FY 2021). The increase in margin was driven by higher revenue. Announcement • Nov 16
Intimate Merger, Inc., Annual General Meeting, Dec 21, 2022 Intimate Merger, Inc., Annual General Meeting, Dec 21, 2022. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Sep 01
Intimate Merger, Inc. to Report Fiscal Year 2022 Results on Nov 14, 2022 Intimate Merger, Inc. announced that they will report fiscal year 2022 results on Nov 14, 2022 Reported Earnings • Aug 15
Third quarter 2022 earnings released Third quarter 2022 results: EPS: JP¥4.63. Revenue: JP¥710.0m (up 40% from 3Q 2021). Net income: JP¥15.0m (up JP¥15.0m from 3Q 2021). Profit margin: 2.1% (up from 0% in 3Q 2021). The increase in margin was driven by higher revenue. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 18
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: JP¥6.33 (down from JP¥9.80 in 1Q 2021). Revenue: JP¥701.0m (up 45% from 1Q 2021). Net income: JP¥20.0m (down 33% from 1Q 2021). Profit margin: 2.9% (down from 6.2% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Reported Earnings • Dec 28
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥9.47 (up from JP¥7.11 in FY 2020). Revenue: JP¥2.02b (down 1.2% from FY 2020). Net income: JP¥29.0m (up 45% from FY 2020). Profit margin: 1.4% (up from 1.0% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Reported Earnings • Nov 15
Full year 2021 earnings released: EPS JP¥9.47 (vs JP¥7.11 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥2.02b (down 1.2% from FY 2020). Net income: JP¥29.0m (up 45% from FY 2020). Profit margin: 1.4% (up from 1.0% in FY 2020). The increase in margin was driven by lower expenses. Announcement • Apr 29
An unknown buyer acquired 34.1% stake in Priv Tech, Inc. from Intimate Merger, Inc. (TSE:7072). An unknown buyer agreed to acquire 34.1% stake in Priv Tech, Inc. from Intimate Merger, Inc. (TSE:7072) for ¥34.1 million on March 12, 2021. On March 24, 2021, parties signed the agreement. As per the agreement, Intimate Merger, Inc. will sell 3410 shares. Post completion, Intimate Merger, Inc. will hold 1490 share representing 14.9% stake in Intimate Merger, Inc. The Board of Directors has passed the resolution for the transaction.
An unknown buyer acquired 34.1% stake in Priv Tech, Inc. from Intimate Merger, Inc. (TSE:7072) on March 31, 2021. Is New 90 Day High Low • Mar 04
New 90-day low: JP¥1,316 The company is down 20% from its price of JP¥1,647 on 04 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is flat over the same period. Announcement • Jan 16
Intimate Merger, Inc. to Report Q1, 2021 Results on Feb 12, 2021 Intimate Merger, Inc. announced that they will report Q1, 2021 results on Feb 12, 2021 Is New 90 Day High Low • Dec 21
New 90-day low: JP¥1,477 The company is down 38% from its price of JP¥2,367 on 18 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 1.0% over the same period. Is New 90 Day High Low • Dec 04
New 90-day low: JP¥1,647 The company is down 21% from its price of JP¥2,079 on 04 September 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 8.0% over the same period.