Overview
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INTERMESTIC INC.

INTERMESTIC Inc. operates two core eyewear retail businesses in Japan: the 'Zoff' brand, which employs an SPA (Specialty store retailer of Private label Apparel) model—pioneered in Japan's eyewear industry by the company—to design, manufacture, and sell private-label eyeglasses and accessories at affordable price points with high margins; and the 'Megane Super' brand, which focuses on high-value-added eyewear and contact lens sales featuring national brand products and premium customer service. Internationally, the company operates franchise-based Zoff stores in Hong Kong, Singapore, and Malaysia through wholly owned subsidiaries.

Market Cap
¥48.9B
US$312M
EV
¥57.2B
US$365M
Stock¥1,597▼-0.68%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
6.4
x
LTM EV/EBIT
7.9
x
LTM PER
10.9
x
LTM PBR
1.8
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-52.7%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
48.9BUS$312MMarket Cap18.2BUS$116M+ Debt9.92BUS$63.2M− Cash0.00BUS$0.00M− Inv. Sec.57.2BUS$365MEV
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Performance & Balance
Revenue 5Y (¥B)
35.9US$229M'22/1239.9US$254M'23/1244.8US$286M'24/1250.2US$320M'25/12
EBITDA 5Y (¥B)
5.83US$37.2M'24/127.09US$45.2M'25/12
Net Income 5Y (¥B)
1.27US$8.08M'22/122.56US$16.3M'23/123.52US$22.4M'24/124.12US$26.3M'25/12
Capital Structure
60%
40%
EquityD/E 0.66xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
'22/12'23/1220.0US$128M3.33US$21.2M'24/1210.1US$64.2M18.9US$120M'25/12
Shareholders
Top 10 hold 81.6%
1
Louis Boston Co., Ltd.
34.92%
2
Hiroshi UENO
10.69%
3
Tsuyoshi UENO
8.20%
4
Custody Bank of Japan, Ltd. (Trust Account)
5.97%
5
GOLDMAN SACHS INTERNATIONAL (Standing Proxy: Goldman Sachs Japan Co., Ltd.)
5.97%
6
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC; Standing Proxy: MUFG Bank, Ltd.)
5.31%
7
The Master Trust Bank of Japan, Ltd. (Trust Account)
3.35%
8
MSIP CLIENT SECURITIES (Standing Proxy: Morgan Stanley MUFG Securities Co., Ltd.)
3.18%
9
RE FUND 107-CLIENT AC (Standing Proxy: Citibank, N.A., Tokyo Branch)
2.18%
10
Nomura Trust and Banking Co., Ltd. (Investment Trust Account)
1.86%
Management
6 officers
Hiroshi UENO
Representative Director, President
Jul 1993 Louis Boston Co., Ltd. (formerly Yugen Kaisha Louis Boston) Director (current) Aug 2000 Pict Co., Ltd. Joined Feb 2001 Dentsu Tec Inc. (now Dentsu Promotion Inc.) Joined Apr 2001 Company Director Nov 2001 Mirrose Co., Ltd. Director (current) Jan 2009 ZOFF Co., Ltd. Director Mar 2012 Company Senior Managing Director Oct 2014 Sofia (Shanghai) Trading Co., Ltd. Chairman Oct 2016 ZOFF I SINGAPORE PTE. LTD. Director; INTERMESTIC HONG KONG LIMITED Director Nov 2020 Company Representative Director, President (current); ZOFF Co., Ltd. Representative Director, President (current)
1973-12-30
Teruhiro UENO
Director, Chairman
Apr 1963 Nishiki Co., Ltd. Joined Apr 1968 Ueno Clothing Co., Ltd. Joined Feb 1989 Polo Club Japan Co., Ltd. Representative Director Mar 1993 Galileo Club Co., Ltd. (now ZOFF Co., Ltd.) Founded; Representative Director May 1993 Company Corporate Auditor Jul 1993 Yugen Kaisha Louis Boston (now Louis Boston Co., Ltd.) Corporate Auditor Aug 1993 Mirrose Co., Ltd. Representative Director (current) Apr 2001 Company Representative Director, President Oct 2012 Louis Boston Co., Ltd. Representative Director (current) Oct 2014 Company Representative Director, Chairman Oct 2014 ZOFF Co., Ltd. Director (current) Mar 2015 Company Representative Director, Chairman and President Jun 2017 On the Hill Co., Ltd. Director Mar 2020 Company Director, Chairman (current)
1940-12-25
Hitoshi HASEGAWA
Director
Apr 1985 CBS Sony Group Inc. Joined; assigned to Sony Creative Products Jan 1996 Global Rights Inc. Joined Jun 2003 Sony Creative Products Inc. Deputy General Manager Apr 2015 Sony Creative Products Inc. Representative Director, Senior Managing Executive Officer Jun 2021 Sony Creative Products Inc. Representative Director, President and Executive Officer Jul 2021 Sony Creative Products Inc. Senior Advisor (current); TBS Television Inc. Advisor (current) Jul 2022 Company Director (current) Mar 2023 ZOFF Co., Ltd. Director (current)
1960-07-01
Kazuhiro ENDO
Director, Audit and Supervisory Committee Member (Part-time)
Apr 1993 Kanematsu Corporation Joined Nov 2007 Entered Legal Training and Research Institute of the Supreme Court of Japan Dec 2008 Registered as attorney-at-law; joined Higuchi Law Office Jan 2010 Joined Yonekawa Law Office Feb 2012 Established Enwa Sogo Law Office; Representative Attorney Jan 2017 Established Kochi Law Office; Representative Partner Attorney (current) Jan 2018 North River Inc. Corporate Auditor (current) Apr 2018 Kinraiser Inc. Corporate Auditor Feb 2022 Japan Current Inc. (now Alexe Inc.) Corporate Auditor (current) Mar 2022 Company Director Oct 2022 Fujita Health University, Innovation Promotion Division, Research Promotion Headquarters, Visiting Professor (current) Nov 2022 Art Republic Inc. Corporate Auditor (current) Apr 2023 Engine01 Bunka Senryaku Kaigi Corporate Auditor (current) Mar 2024 Akimoto Yasushi Office Inc. Corporate Auditor (current) Mar 2026 Company Director, Audit and Supervisory Committee Member (current)
1970-05-07
Emima ABE
Director, Audit and Supervisory Committee Member (Part-time)
Apr 2002 Beacon Communications Inc. Joined Dec 2013 Registered as attorney-at-law Jan 2014 Books Scan Inc. Joined Nov 2015 Colopl, Inc. Joined Aug 2016 Joined Miyamasaka The Firm Law and Accounting Office (current) Dec 2018 Noevir Holdings Co., Ltd. Outside Director (current) Jun 2021 e-Jan Networks Inc. Outside Director (current) Mar 2022 B-R 31 Ice Cream Co., Ltd. Outside Director (current) Jun 2022 Lifenet Insurance Company Outside Director (current) Mar 2024 Company Full-time Corporate Auditor Mar 2026 Company Director, Audit and Supervisory Committee Member (current)
1979-12-31
Akira KURIHARA
Director, Audit and Supervisory Committee Member (Part-time)
Aug 1995 Joined Tatsuno Management Accounting Office Mar 1996 Joined Yamada Junichiro Tax Accountant Office (now Yamada & Partners Tax Corporation) Jun 1998 Registered as certified public accountant Sep 2002 Partner, Yusei Audit Corporation (now Taiyo LLC) Dec 2004 Established Kurihara CPA Office Sep 2005 K2 Consulting Ltd. Representative Director (current) Feb 2009 Registered as tax accountant Apr 2015 Value Golf Inc. Corporate Auditor (current) Nov 2017 SD Japan Co., Ltd. (now Sukima Department Inc.) Corporate Auditor Aug 2019 Base Inc. Director, Audit and Supervisory Committee Member (current) Dec 2020 Auditor, Demand and Care (General Incorporated Association) May 2021 Sukima Department Inc. Director Mar 2022 Company Corporate Auditor Mar 2026 Company Director, Audit and Supervisory Committee Member (current)
1972-02-21
Large Shareholding Reports
Goldman Sachs International
2026-08-21
6.02%→6.54%
Goldman Sachs International
2026-07-07
5.03%→6.02%
Amova Asset Management Co., Ltd.
2026-07-06
4.64%
Goldman Sachs International
2026-06-05
5.03%
Goldman Sachs International
2026-05-22
5.13%→4.90%
Louis Boston Co., Ltd.
2026-05-15
35.00%→35.00%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-06-30): 34.92%
Louis Boston Co., Ltd.
2026-05-14
35.00%→35.00%
Annual report (as of 2026-06-30): 34.92%
Sumitomo Mitsui DS Asset Management Company, Limited
2026-04-22
4.99%
Goldman Sachs International
2026-04-07
5.13%
Nomura Asset Management Co., Ltd.
2026-03-05
3.48%→2.90%
Takashi UENO
2026-01-19
10.00%→8.22%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-06-30): 8.20%
Takashi UENO
2025-12-25
10.00%→8.22%
Annual report (as of 2026-06-30): 8.20%
Morgan Stanley & Co. International plc
2025-12-04
4.21%→4.19%
Takashi UENO
2025-12-03
11.22%→10.00%
Annual report (as of 2026-06-30): 8.20%
Nomura Asset Management Co., Ltd.
2025-11-07
3.37%→3.48%
Nomura Asset Management Co., Ltd.
2025-10-06
3.42%→3.37%
Morgan Stanley & Co. International plc
2025-10-06
4.21%
Nomura Asset Management Co., Ltd.
2025-08-21
3.73%→3.42%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-08-21
Large Shareholding Report
EDINET
2026-08-07
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
EDINET
2026-07-07
Large Shareholding Report
EDINET
2026-07-06
Large Shareholding Report
EDINET
2026-06-05
Large Shareholding Report
EDINET
2026-05-22
Large Shareholding Report
EDINETAmended
2026-05-15
Change Report
EDINET
2026-05-14
Large Shareholding Report
TDnet
2026-05-12
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-04-22
Large Shareholding Report
EDINET
2026-04-07
Large Shareholding Report
EDINET
2026-03-24
Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINET
2026-03-05
Large Shareholding Report
EDINETAmended
2026-01-19
Change Report
EDINET
2025-12-25
Large Shareholding Report
EDINET
2025-12-04
Large Shareholding Report
EDINET
2025-12-03
Large Shareholding Report
TDnet
2025-11-11
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-11-07
Large Shareholding Report
EDINET
2025-10-06
Large Shareholding Report
EDINET
2025-10-06
Large Shareholding Report
EDINET
2025-08-21
Large Shareholding Report
EDINET
2025-08-08
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-08
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-27
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINETAmended
2024-10-07
Amended Securities Registration Statement
EDINETAmended
2024-09-30
Amended Securities Registration Statement
EDINET
2024-09-12
Securities Registration Statement
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