Measures to Promote Management With an Awareness of Cost of Capital and Share Price
(Updated on June 26, 2025)
ITmedia Inc. (the “Company”) hereby announces that, At the Board of Directors meeting held on June 26, 2025, the Company resolved to take measures to promote management with take measures to promote management with an awareness of cost of capital and share price in order to achieve sustainable growth and an increase in corporate value over the medium and long term. The details are as follows.
1. Assessment of the current situation
Net income and EPS for the fiscal year ended March 31, 2025 remained flat, while ROE, an indicator of capital efficiency, improved to 16.0%. Meanwhile, equity to asset ratio, an indicator of financial soundness, was 85.3%, down 0.9pt from the end of the previous fiscal year.
Efforts to optimize capital adequacy based on the policy of “Measures to Promote Management With an Awareness of Cost of Capital and Share Price,” which was announced in the previous fiscal year, are making progress.
On the other hand, PBR, an indicator of stock price, was 3.08, down from 3.62 in the previous fiscal year. We consider this to be a lull after the significant growth during the COVID-19 pandemic has subsided.
The Company will continue to optimize the cost of capital by utilizing funds for business growth and improving capital efficiency, while maintaining sufficient financial soundness.
This table can be scrolled
| 2021/03 | 2022/03 | 2023/03 | 2024/03 | 2025/03 | ||
|---|---|---|---|---|---|---|
| Revenue | Millions of yen |
6,891 | 8,092 | 8,752 | 8,001 | 8,100 |
| Operating income | Millions of yen |
2,022 | 2,687 | 2,930 | 2,228 | 2,028 |
| Net income attributable to owners of the parent | Millions of yen |
1,255 | 1,800 | 1,974 | 1,501 | 1,496 |
| Basic earnings per share(EPS) | Yen | 63.32 | 90.94 | 99.82 | 76.98 | 77.18 |
| Total asset turnover ratio | 0.76 | 0.81 | 0.78 | 0.70 | 0.74 | |
| Equity-to-asset ratio | % | 78.4 | 78.9 | 84.5 | 86.2 | 85.3 |
| ROE | % | 17.6 | 22.7 | 20.9 | 15.3 | 16.0 |
| Year-end share price | Yen | 1,863 | 1,808 | 1,399 | 1,832 | 1,488 |
| Net assets per share | Yen | 359.11 | 401.34 | 476.37 | 505.95 | 483.16 |
| PBR | 5.19 | 4.50 | 2.94 | 3.62 | 3.08 | |
| Dividend payout ratio | % | 25.3 | 25.3 | 28.1 | 149.4 | 129.6 |
| Total payout ratio | % | 25.3 | 69.7 | 28.1 | 191.8 | 129.6 |
2. Policies and Targets
Based on the analysis of the current situation, the Company has established the following policies and will promote related initiatives.
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(1) Growth strategy
- Conduct M&A that will increase the likelihood of achieving medium-term targets
- Expand our business fields
- Business portfolio management to implement appropriate allocation of management resources
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(2) Financial strategy
- Review the capital structure and improve capital efficiency by consolidating surplus funds
- Increase shareholder returns
- Actively utilize interest-bearing debt
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(3) Enhancement of investor relations activities
- Promote dialogue with shareholders and investors
- Broaden English disclosure
- Enhance IR information, primarily through the IR website
