Ichigo Inc. (2337) Earnings Call Transcripts
Ichigo Inc.'s Latest Earnings Call - April 14, 2026
In the fiscal year 2026, Ichigo Inc. reported a record business profit and net income, driven by strong performance in its Sustainable Real Estate segment, which is expected to continue benefiting from inflationary pressures. Revenue for the year was up 13% year-over-year, and management provided optimistic guidance for FY 2027, forecasting a 21% increase in business profit and a 35% rise in cash EPS. The company is also executing a significant share buyback program, reflecting confidence in its valuation at 11x PE and 8x cash PE.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $X billion (beat) |
| Net Income | $Y billion (beat) |
| Cash EPS | $2.15 (beat) |
| Business Profit | $Z billion (beat) |
| PE Ratio | 11x (inline) |
| Cash PE Ratio | 8x (inline) |
Guidance from management
Management forecasts a 21% increase in business profit and a 35% rise in cash EPS for FY 2027, indicating strong growth potential. They also expect to maintain a durable competitive advantage amid inflationary pressures.
What analysts pressed on
Analysts raised concerns about the hotel segment's expected decline and the impact of external economic factors on the Asset Management business. There was also discussion regarding the sustainability of growth in the face of rising operating costs in the Clean Energy segment.
Main topics on the call
- Record Business Profit — Ichigo Inc. achieved a record business profit for FY 2026, with a 13% year-on-year increase. Management stated, "We've generated record business profit, net income, cash earnings, stock earnings," indicating strong opera...
- Sustainable Real Estate Growth — The Sustainable Real Estate segment was a major driver of earnings, with management forecasting a 42% increase in this segment for FY 2027. They noted, "Our Sustainable Real Estate business... becomes extraordinarily mor...
- Share Buyback Program — Ichigo announced a JPY 15 billion share buyback program, with JPY 10 billion already executed. Management emphasized, "We think it was a very, very good use of capital for our shareholders," reflecting a commitment to en...
- Impact of Inflation — Management indicated that inflation is beneficial for Ichigo, allowing for increased rents and competitive advantages in real estate. They stated, "Inflation, for an Ichigo shareholder, is our friend," suggesting a favor...
Read the full Ichigo Inc. transcript (April 14, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Ichigo Inc.
Ichigo Inc. (2337) is a publicly listed company in the Real Estate Management and Development industry, within the Real Estate sector. It trades on TSE and is based in JP. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 32 calls on record spanning January 10, 2020 to October 14, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 32 Ichigo Inc. earnings call transcripts on record, spanning January 10, 2020 to October 14, 2026. Based on this history, Ichigo Inc. reports quarterly. The most recent call on file is dated October 14, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- 2337
- Exchange
- TSE
- Country
- JP
- Sector
- Real Estate
- Calls on record
- 32
- First call
- January 10, 2020
- Most recent
- October 14, 2026
- Reporting cadence
- quarterly