Ichigo Inc
TSE:2337
Ichigo Inc
Ichigo, Inc. engages in the management of its group of companies that deals in real estate investment and asset management. The company is headquartered in Chiyoda-Ku, Tokyo-To. The company went IPO on 2002-11-08. The firm has four business segments. The Asset Management segment involves in the sourcing of target real estate, funding, property management, facility management and others. The Shinchiku segment aims to improve asset value by maximizing the use of the Company’s real estate technology and know-how, and after the completion of value improvement of real estate. The Clean Energy segment involves in the effective utilization of real estate, as well as the solar business. The Others segment involves in the sales of investment securities, as well as other financial related business.
Ichigo, Inc. engages in the management of its group of companies that deals in real estate investment and asset management. The company is headquartered in Chiyoda-Ku, Tokyo-To. The company went IPO on 2002-11-08. The firm has four business segments. The Asset Management segment involves in the sourcing of target real estate, funding, property management, facility management and others. The Shinchiku segment aims to improve asset value by maximizing the use of the Company’s real estate technology and know-how, and after the completion of value improvement of real estate. The Clean Energy segment involves in the effective utilization of real estate, as well as the solar business. The Others segment involves in the sales of investment securities, as well as other financial related business.
Record Earnings: Ichigo is forecasting, and confident it will achieve, record earnings for the year, with business profit up 25% and EPS up 24% year-to-date.
Buyback Expansion: The company is doubling its share buyback to JPY 10 billion and will cancel about 7% of shares outstanding, emphasizing capital efficiency.
Segment Volatility: Strong growth in hotels (up 103%) and Ichigo Owners (up 87%), while sustainable real estate was down 19% and clean energy was flat; segment volatility expected.
Strategic Focus: Ichigo remains focused on improving existing assets rather than development, benefiting from high construction cost inflation that hurts competitors.
Environmental Leadership: Ichigo was recognized on the CDP AA list for climate change and water security for the second year, placing it in the top 1% globally.
M&A and Partnerships: While not actively pursuing M&A, Ichigo is open to partnerships with asset-rich firms to leverage its expertise, aiming for organic growth.
