ITmedia Inc.

2148 アイティメディア株式会社

Advertising Agencies · Prime · TSE: Disclosed

PRICE: ¥1,150 · MKT CAP: ¥22.5B · P/E: 18.2x · P/B: 2.77x · DIV YIELD: 8.7%

PRICE — 5Y

Characteristics & Business Summary

ITmedia Inc., together with its subsidiaries, engages in the internet media business in Japan. It operates through B to B Media Business and B to C Media Business segments. The company offers lead/prospective customer generation services comprising pipeline...

Income Statement Highlights (¥ Million, except EPS/DPS in ¥)

Fiscal Period	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Forecast
Net Sales	6,891	8,092	8,753	8,001	8,101	8,311	9,200
Operating Profit	2,022	2,687	2,930	2,228	2,029	—	2,200
Ordinary Profit	1,966	2,604	2,825	2,158	1,979	1,765	—
Net Profit	1,255	1,801	1,975	1,502	1,497	1,500	1,380
EPS	¥63	¥91	¥99	¥77	¥76	¥77	¥71
DPS	¥16	¥23	¥28	¥115	¥100	¥1	¥50

Balance Sheet & Valuation Highlights

Total Assets ¥9B

Net Assets (Equity) ¥8B

Equity Ratio 0.9%

ROE (Return on Equity) 18.5%

Cash & Equivalents ¥6B

Interest-Bearing Debt —

Capital Expenditure (CapEx) —

Depreciation & Amort. —

Major Shareholders

1. ＳＢメディアホールディングス株式会社 53.3%
2. The Master Trust Bank of Japan, Ltd. (Trust Account) 4.8%
3. 新野淳一 1.9%
4. 大槻利樹 1.4%
5. Custody Bank of Japan, Ltd. (Trust Account) 0.9%
6. ＭＳＩＰＣＬＩＥＮＴＳＥＣＵＲＩＴＩＥＳ（常任代理人モルガン・スタンレーＭＵＦＧ証券株式会社） 0.9%
7. Custody Bank of Japan, Ltd. (Trust Account) 0.8%
8. 小林教至 0.8%
9. アイティメディア従業員持株会 0.6%
10. 木村健二 0.6%

Activist Activity

SB Media Holdings Corp. 50.09%

2024-06-03 · correction

SB Media Holdings Corp. 50.09%

2024-04-05 · change

SB Media Holdings Corp. 50.09%

2024-01-19 · change

Asset Management One Co., Ltd. 4.31%

2023-06-07 · change

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Forecast
Revenues per share	¥346	¥407	¥440	¥409	¥413	¥424	—
FCF/Share	¥107	¥97	¥92	¥60	¥85	—	—
EPS	¥63	¥91	¥99	¥77	¥76	¥77	¥71
DPS	¥16	¥23	¥28	¥115	¥100	¥1	¥50
Capital Spending per share	¥4	¥3	¥3	¥10	¥9	¥0	—
Book Value per share	¥357	¥399	¥474	¥501	¥479	¥413	—
Common Shares Outstanding	20M	20M	20M	20M	20M	—	—

Financial Aggregates & Margins

Financial Aggregate	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Forecast
Revenues (Net Sales)	¥7B	¥8B	¥9B	¥8B	¥8B	¥8B	¥9B
Operating Margin (%)	29.3%	33.2%	33.5%	27.8%	25.0%	—	23.9%
Net Profit (owners)	¥1B	¥2B	¥2B	¥2B	¥1B	¥2B	¥1B
Net Profit Margin (%)	18.2%	22.3%	22.6%	18.8%	18.5%	18.0%	15.0%
Working Capital	¥6B	¥7B	¥8B	¥9B	¥7B	—	—
Total Debt (Interest-bearing)	—	—	—	—	—	—	—
Net Worth (Common Equity)	¥7B	¥8B	¥9B	¥10B	¥9B	¥8B	—
Return on Total Assets (ROA)	13.8%	17.9%	17.7%	13.2%	13.6%	15.9%	—
Return on Common Equity (ROE)	17.6%	22.7%	20.9%	15.3%	16.0%	18.5%	—

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.