Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥2,238, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Specialty Retail industry in Japan. Total returns to shareholders of 29% over the past year. Reported Earnings • May 13
First quarter 2026 earnings released: EPS: JP¥45.72 (vs JP¥42.75 in 1Q 2025) First quarter 2026 results: EPS: JP¥45.72 (up from JP¥42.75 in 1Q 2025). Revenue: JP¥21.1b (up 81% from 1Q 2025). Net income: JP¥1.40b (up 7.0% from 1Q 2025). Profit margin: 6.6% (down from 11% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Specialty Retail industry in Japan. New Risk • Apr 13
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 6.9% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 30
Full year 2025 earnings: EPS in line with expectations, revenues disappoint Full year 2025 results: EPS: JP¥135. Revenue: JP¥50.2b (up 12% from FY 2024). Net income: JP¥4.12b (up 17% from FY 2024). Profit margin: 8.2% (up from 7.8% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Specialty Retail industry in Japan. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,977, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Specialty Retail industry in Japan. Total returns to shareholders of 21% over the past year. Reported Earnings • Feb 14
Full year 2025 earnings: EPS in line with expectations, revenues disappoint Full year 2025 results: EPS: JP¥135. Revenue: JP¥50.2b (up 12% from FY 2024). Net income: JP¥4.12b (up 17% from FY 2024). Profit margin: 8.2% (up from 7.8% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Specialty Retail industry in Japan. Duyuru • Feb 13
Intermestic Inc., Annual General Meeting, Mar 26, 2026 Intermestic Inc., Annual General Meeting, Mar 26, 2026. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥44.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 30 March 2026. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%). Duyuru • Dec 03
Intermestic Inc. to Report Fiscal Year 2025 Results on Feb 13, 2026 Intermestic Inc. announced that they will report fiscal year 2025 results on Feb 13, 2026 Reported Earnings • Nov 13
Third quarter 2025 earnings released: EPS: JP¥56.24 (vs JP¥7.57 loss in 3Q 2024) Third quarter 2025 results: EPS: JP¥56.24 (up from JP¥7.57 loss in 3Q 2024). Revenue: JP¥14.4b (up 28% from 3Q 2024). Net income: JP¥1.72b (up JP¥1.94b from 3Q 2024). Profit margin: 12% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Specialty Retail industry in Japan. Buy Or Sell Opportunity • Oct 01
Now 20% undervalued Over the last 90 days, the stock has risen 67% to JP¥2,726. The fair value is estimated to be JP¥3,411, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last year. Earnings per share has grown by 6.9%. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 31% in the next 2 years. Duyuru • Sep 27
Intermestic Inc. to Report Q3, 2025 Results on Nov 11, 2025 Intermestic Inc. announced that they will report Q3, 2025 results on Nov 11, 2025 Duyuru • Sep 04
Intermestic Inc. (TSE:262A) agreed to acquire Horus Co., Ltd. from M3, Inc. (TSE:2413), NIC Fund II Cayman, LP, Camellia Fund 2 Cayman L.P., Kerasus Fund 2 Cayman L.P., Wisteria Fund II Cayman, LP and Horus IE Limited Liability Partnership for ¥19.1 billion. Intermestic Inc. (TSE:262A) agreed to acquire Horus Co., Ltd. from M3, Inc. (TSE:2413), NIC Fund II Cayman, LP, Camellia Fund 2 Cayman L.P., Kerasus Fund 2 Cayman L.P., Wisteria Fund II Cayman, LP and Horus IE Limited Liability Partnership for ¥19.1 billion on September 2, 2025. A cash consideration of ¥19.08 billion will be paid by Intermestic Inc. As part of consideration, ¥19.08 billion is paid towards common equity of Horus Co., Ltd. The transaction will be financed through senior debt of ¥18 billion.
For the period ending April 30, 2025, Horus Co., Ltd. reported total revenue of ¥28.19 billion and EBIT of ¥1.84 billion. As of April 30, 2025, Horus Co., Ltd. reported total assets of ¥19.95 billion and total common equity of ¥4.42 billion.
The expected completion of the transaction is October 1, 2025. Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥3,120, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 14x in the Specialty Retail industry in Japan. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,420 per share. Buy Or Sell Opportunity • Aug 22
Now 22% undervalued Over the last 90 days, the stock has risen 33% to JP¥2,675. The fair value is estimated to be JP¥3,445, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last year. Earnings per share has grown by 6.9%. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 31% in the next 2 years. Declared Dividend • Aug 11
Dividend of JP¥42.90 announced Shareholders will receive a dividend of JP¥42.90. Ex-date: 29th December 2025 Payment date: 30th March 2026 Dividend yield will be 1.7%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (27% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 09
Second quarter 2025 earnings released: EPS: JP¥39.84 (vs JP¥14.10 in 2Q 2024) Second quarter 2025 results: EPS: JP¥39.84 (up from JP¥14.10 in 2Q 2024). Revenue: JP¥12.3b (up 25% from 2Q 2024). Net income: JP¥1.22b (up 304% from 2Q 2024). Profit margin: 9.9% (up from 3.1% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Specialty Retail industry in Japan. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to JP¥2,420, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the Specialty Retail industry in Japan. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,420 per share. Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥1,950, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Specialty Retail industry in Japan. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,411 per share. Duyuru • Jun 27
Intermestic Inc. to Report Q2, 2025 Results on Aug 08, 2025 Intermestic Inc. announced that they will report Q2, 2025 results on Aug 08, 2025 Board Change • Jun 06
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Outside Independent Director Hitoshi Hasegawa was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Mar 07
Intermestic Inc. to Report Q1, 2025 Results on May 13, 2025 Intermestic Inc. announced that they will report Q1, 2025 results on May 13, 2025 Reported Earnings • Feb 16
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥151 (up from JP¥120 in FY 2023). Revenue: JP¥44.8b (up 13% from FY 2023). Net income: JP¥3.52b (up 37% from FY 2023). Profit margin: 7.8% (up from 6.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 23%. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Specialty Retail industry in Japan. Duyuru • Feb 15
Intermestic Inc., Annual General Meeting, Mar 27, 2025 Intermestic Inc., Annual General Meeting, Mar 27, 2025. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥2,136, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Specialty Retail industry in Japan. Duyuru • Dec 26
Intermestic Inc. Provides Year-End Dividend Guidance for the Fiscal Year Ending December 31, 2024 Intermestic Inc. provided year-end dividend guidance for the Fiscal year ending December 31, 2024. For the period, the company expects dividend of JPY 27.86 per share. Duyuru • Dec 24
Intermestic Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2024 Intermestic Inc. provided consolidated earnings guidance for the fiscal year ending December 31, 2024. For the fiscal year ending December 31, 2024, the company expects net sales of JPY 43,489 million. Operating profit of JPY 4,206 million. Profit attributable to owners of the parent JPY 2,720 million. Basic earnings per share JPY 118.00. Duyuru • Dec 03
Intermestic Inc. to Report Fiscal Year 2024 Results on Feb 14, 2025 Intermestic Inc. announced that they will report fiscal year 2024 results on Feb 14, 2025 Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥2,535, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 14x in the Specialty Retail industry in Japan. Duyuru • Oct 22
Intermestic Inc. to Report Q3, 2024 Results on Nov 12, 2024 Intermestic Inc. announced that they will report Q3, 2024 results on Nov 12, 2024 Duyuru • Oct 18
Intermestic Inc. has completed an IPO in the amount of ¥17.47686 billion. Intermestic Inc. has completed an IPO in the amount of ¥17.47686 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 7,880,000
Price\Range: ¥1630
Discount Per Security: ¥97.8
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 2,842,000
Price\Range: ¥1630
Discount Per Security: ¥97.8
Transaction Features: ESOP Related Offering Board Change • Oct 18
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Outside Independent Director Hitoshi Hasegawa was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.