Komori
Intramart (3850) · RiskIncreasing transaction dependence and change in parent-company relationshipLatest Governance (2026-06-30): "Restated"

Control by and Transaction Dependence on NTT DATA Group

First written in FY2017. 5 of 10 entries say "Softened", first in FY2019. Latest entry: 2026-06-30.

10entries
10years
3from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseSoftenedFY2019 – 2026-05-082017: 120172018: 120182019: 120192020: 120202021: 020212022: 020222023: 020232024: 120242025: 120252026: 42026
Same theme, other companies

Intramart moved to the "Worse" side of this theme in 2018, 4 years before the typical company in this theme (2022).

53 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 124 companies compared. The sentences above are computed from all 124.
Full recordFilings, disclosures and news, newest first
  1. 2026-06-30RestatedGovernance

    「Our controlling shareholder or equivalent entity is ㈱NTTデータグループ. It is the wholly owning parent company of ㈱NTTデータ, which directly owns our shares. ㈱NTTデータ currently holds 21.75% of our voting rights and is our other affiliated company.」

    Confirms the capital relationship with the NTT DATA Group, including NTT DATA's 21.75% voting-rights ownership and status as an other affiliated company. The canonical thread remains unchanged.
  2. FY2026Increasing transaction dependence and change in parent-company relationshipAnnual report

    「During the consolidated fiscal year, NTT DATA, which had been the parent company, sold part of its holdings in the Company's shares. As a result, NTT DATA ceased to qualify as the Company's parent company and became an other affiliated company. …The NTT DATA Group accounted for 19.7% of sales in the fiscal year ending March 2026.」

    The relationship changed from parent company to other affiliated company as NTT DATA's voting-rights ratio declined, while the NTT DATA Group's share of sales rose from 17.6% in the previous fiscal year to 19.7%.
  3. FY2025SoftenedAnnual report

    「The NTT DATA Group accounted for 17.6% of sales in the consolidated fiscal year.」

    The NTT DATA Group's share of sales fell from 19.7% in the previous fiscal year to 17.6%, indicating a numerical decrease in transaction dependence. Meanwhile, the de facto parent-company relationship based on NTT DATA's 47.7% voting-rights interest has been maintained.
  4. FY2024SoftenedAnnual report

    「The NTT DATA Group accounted for 19.7% of sales in the consolidated fiscal year.」

    The NTT DATA Group's share of sales fell from 21.9% in the previous fiscal year to 19.7%, indicating a numerical decrease in transaction dependence. Meanwhile, the de facto parent-company relationship based on a 47.8% voting-rights interest has been maintained.
  5. FY2020SoftenedAnnual report

    「The NTT DATA Group accounted for 21.9% of sales in the consolidated fiscal year.」

    The NTT DATA Group's share of sales fell from 28.9% in the previous fiscal year to 21.9%, indicating a numerical decrease in transaction dependence.
  6. FY2019SoftenedAnnual report

    「The NTT DATA Group accounted for 28.9% of sales in the consolidated fiscal year.」

    The disclosure states that the NTT DATA Group's share of sales fell from 34.9% in the previous fiscal year to 28.9%, indicating a numerical decrease in transaction dependence. Meanwhile, the de facto parent-company relationship based on NTT DATA's 46.8% voting-rights interest has been maintained.
  7. FY2018WorsenedAnnual report

    「The NTT DATA Group accounted for 34.9% of sales in the consolidated fiscal year.」

    The disclosure states that the NTT DATA Group's share of sales rose from 30.0% in the previous fiscal year to 34.9%, indicating a numerical increase in transaction dependence.
  8. FY2017First statedAnnual report

    「The NTT DATA Group accounted for 30.0% of sales in the consolidated fiscal year. As of the end of the period, NTT DATA held 46.8% of the voting rights in the Company. Although its voting-rights ownership was 50% or less, the Company became a consolidated subsidiary of NTT DATA under the de facto control criteria.」

    The risk of dependence on sales to the NTT DATA Group and the de facto parent-company relationship based on its 46.8% voting-rights interest is disclosed.
Moved together

"Nine-month cumulative net sales decrease, operating profit increase, and ordinary and net income decreases" moved the same way as this thread, in the same document, in 5 of its 10 moves.

542★123
  1. ★This thread
  2. 1Nine-month cumulative net sales decrease, operating profit increase, and ordinary and net income decreases5×
  3. 2First-quarter R&D activity expenses: ¥25,640 thousand4×
  4. 3Sluggish performance in the services business due to a decline in large-scale SI projects2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Intramart's next results are scheduled for 2026-10-28. Read the earnings preview It last moved in the Governance of 2026-06-30: "Restated".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.