Ichigo KK
2337
ISIN JP3120010008 / Valor 1498947
Ichigo KK
UMushroom community rating:
About company
Ichigo Inc., originally founded in 2000 as Asset Managers, is a diversified Japanese company headquartered in Tokyo, focusing on sustainable infrastructure. The company operates across various sectors including real estate, renewable energy, asset management, boutique hotels, precision agriculture, and anime production. In real estate, Ichigo specializes in the renovation and improvement of existing buildings, diverging from the common practice of demolition and redevelopment in Japan. The company also manages publicly listed funds that invest in offices, hotels, and solar power plants, with a portfolio valued at approximately 520 billion yen as of 2019. In the renewable energy sector, Ichigo is a significant player, owning or operating 60 solar and wind plants across Japan, including the largest solar plant in the Kanto region and several floating solar plants. The company’s activities are unified by a commitment to promoting socially and environmentally sustainable development.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (20.08.2024):
Operating Profit & All-In Operating Profit
Ichigo KK's latest financial results for Q2 2023 show that the company conducts value-add on SRE (Sustainable Real Estate) assets regardless of whether they are classified in accounting terms as either Real Estate for Sale or Fixed Assets. This strategy generates both stock earnings (rental income) and flow earnings via asset sales. All-In Operating Profit, which includes these gains on sales, represents SRE’s actual profit contribution. All-In Operating Profit = Operating Profit + SRE Extraordinary Gains on Sales.
Net Income & Cash Net Income
In Q2 2023, Ichigo KK emphasized that cash flow generation is its most important business priority. The ability to generate cash underpins profitability, driving shareholder value growth via robust cash flows that fund both growth investments and shareholder returns. Due to its focus on cash flow generation, Ichigo sets cash-based KPIs. Cash Net Income = Net Income + Depreciation + Amortization +/- Valuation Losses (Gains).
Earnings Per Share (EPS), Cash EPS, Return on Equity (ROE), & Cash ROE
For Q2 2023, Ichigo KK highlighted that Cash EPS is a fundamental metric of shareholder value. The company works to grow shareholder value via generating robust cash flows that fund both growth investments and shareholder returns. Ichigo emphasizes Cash ROE as a measure of capital efficiency due to its focus on cash profit (economic profit). Cash EPS = Cash Net Income / Average Number of Shares Outstanding in the Fiscal Year. Cash ROE = Cash Net Income / Shareholders’ Equity.
Dividend & DOE (Dividend on Equity)
In Q2 2023, Ichigo KK continued its progressive dividend policy, under which the dividend is maintained or raised every year, but not cut. The company uses a DOE payout ratio in its shareholder return policy and increased its DOE payout ratio from 3% to 4% in FY25/2. Ichigo works to maximize shareholder value via a shareholder distribution policy that focuses on dividend durability, certainty, and growth.
Share Buybacks
During Q2 2023, Ichigo KK adopted a policy to flexibly conduct share buybacks to optimize its capital structure and drive growth in shareholder value as part of its Ichigo 2030 vision. The company conducts share buybacks based on a comprehensive assessment of its cash flow generation, financial standing, and share price. As of FY24/2, Ichigo has conducted share buybacks for seven consecutive years.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1082 M
Market cap (USD)
488,900
Daily traded volume (Shares)
369 / 362
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
EQUITIES OF THE SAME SECTOR
