IREarnings & Financial Highlights
-
1Gross Profit, Operating Profit, Net Income
Ichigo is growing earnings in order to further increase EPS. FY23/2 Gross Profit, Operating Profit, and Net Income increased significantly YOY on the back of the lifting of Covid restrictions, a strong real estate market, and a robust recovery in hotel demand. Although real estate assets under Ichigo’s Sustainable Real Estate (SRE) business are classified in accounting terms as Real Estate for Sale or Fixed Assets, Ichigo conducts value-add on SRE assets regardless of the accounting classification. Because Fixed Asset Gains on Sales for value-add assets are accounted for as Extraordinary Gains and not reflected in Gross Profit and Operating Profit, the All-In indicators should be referred to for SRE’s actual profit contribution.
-
2All-In Operating Profit, All-In Recurring Profit
All-In disclosure allows for transparent tracking of full profitability contribution of SRE. SRE is a core business, and Ichigo executes value-add on SRE assets regardless of whether they are classified in accounting terms as Real Estate for Sale (Current Assets) or Fixed Assets. Adding SRE's Fixed Asset Gains on Sales (which are accounted for as Extraordinary Gains in J-GAAP) to Operating Profit and Recurring Profit to generate All-In Operating Profit and Recurring Profit numbers thus provides transparency on SRE's actual core profit contribution.
-
3Earnings Per Share (EPS)
Ichigo aims to maximize shareholder value via growing EPS, an important metric of shareholder value, and is accelerating business growth to drive profitability. Although EPS temporarily decreased due to Covid, EPS is expected to recover on the back of the lifting of Covid restrictions, a strong real estate market, and a robust recovery in hotel demand. Ichigo will continue to drive the sustainable growth of EPS, an important metric of shareholder value.
-
4ROE
The Ministry of Economy, Trade and Industry (METI) compiled the Ito Review stating that Japanese companies' capital productivity and their growth in shareholder value are the foundation of the Japanese economy's sustainable growth.
-
5Balance Sheet
Ichigo has been accelerating growth investments taking advantage of the upturns in the real estate and financial markets, thus enhancing its balance sheet while maintaining its soundness through the acquisitions of quality assets and favorable loans.
Shareholders' equity based on the Pro Forma Balance Sheet adjusted to remove risks not attributable to Ichigo is 45.9% including unrealized gains. -
6Ichigo-Owned Assets（Real Estate）Outstanding
Ichigo Owners, which has been steadily growing since its establishment, invested JPY 36 billion in asset acquisitions in FY23/2. Under the entire SRE business, Ichigo invested JPY 50.7 billion in asset acquisitions in FY23/2, and is continuing to make growth investments. Meanwhile, Ichigo sold JPY 55.1 billion in SRE assets in FY23/2.