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Companies Real Estate 2337.T
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2337.T Tokyo Stock Exchange Real Estate Rental, Development & Operations

Ichigo Inc

¥441,00
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JPY
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Mcap
P/E
EV / Rev
Div yield
2,37 %
Op margin
19,4 %
ROE
3,4 %
Net margin
14,3 %
Debt / equity
2,36
Beta
52w range
Volume
Day range
Prev close
Open
Next earnings
Ex-dividend
TR 1Y
About

Ichigo Inc operates in the real estate rental, development, and operations sector, generating revenue primarily through property management and development activities.

Business. Ichigo Inc (2337.T) is a real estate rental, development, and operations company headquartered in Japan. The firm is primarily listed on the Tokyo Stock Exchange. Specific details regarding its operating segments and geographic revenue mix are not available.

Classification92 %
SectorReal Estate
IndustryReal Estate Rental, Development & Operations
Generated · model-assisted
Sell-side consensus
HOLD3 analysts
1 buy1 hold1 sell
Avg 12m price target533,33

Analyst recommendations

3 analysts · consensus Hold
Buy1
Hold1
Sell1
12-month price target
533,33
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
not yet scored
Valuation
valuation pending
Analysts
Hold
3 analysts · indicative
Ownership
not yet wired
Profitability
3,4 %
return on equity
Quality
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning 2337.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate · THIS SECTOR−0,7 %+10,9 %−1,3 %
    Industrials−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to 2337.T. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    Ichigo Inc (2337.T) is a real estate rental, development, and operations company headquartered in Japan. The firm is primarily listed on the Tokyo Stock Exchange. Specific details regarding its operating segments and geographic revenue mix are not available.

    Classification92 %
    SectorReal Estate
    IndustryReal Estate Rental, Development & Operations
    AI synthesis
    GENERATED

    Ichigo Inc maintains a capital structure with a debt-to-equity ratio of 2.36, indicating a significant reliance on debt financing. The company's liquidity position is characterized by a current ratio of 4.28, suggesting strong short-term liquidity. However, the operating cash flow is negative at -394 million JPY, which may signal potential challenges in sustaining operations without external financing.

    Profitability metrics show a return on equity (ROE) of 3.43% and a return on assets (ROA) of 0.95%, both of which are below the industry median for real estate firms. This suggests that the company is underperforming in terms of capital efficiency and asset utilization.

    The company's revenue is primarily concentrated in its core real estate operations, with no disclosed geographic diversification. This lack of diversification may expose the company to regional economic downturns or regulatory changes.

    Looking ahead, the company is projected to experience a modest growth trajectory, with revenue expected to remain relatively stable in the next fiscal year. The current fiscal year's revenue of 25.1 billion JPY is expected to see minimal changes in the near term.

    Risk factors include a medium liquidity risk due to the negative net cash position after subtracting total debt. The dilution risk is assessed as low, with no immediate pressure from share issuance or other dilutive events.

    Recent events include analyst estimates indicating a mean price target of 533.33 JPY and a median price target of 490.00 JPY. The mean recommendation from analysts is 3.00, indicating a neutral stance with no strong buy recommendations.

    Key takeaways
    • Ichigo Inc has a high debt-to-equity ratio, indicating a significant reliance on debt financing.
    • The company's ROE and ROA are below industry medians, suggesting underperformance in capital efficiency.
    • The company's revenue is concentrated in its core real estate operations with no geographic diversification.
    • Analysts have a neutral stance on the stock, with no strong buy recommendations.
    • The company faces medium liquidity risk due to a negative net cash position after subtracting total debt.

    Bull / Bear case

    Generated · model-assisted
    BULL CASE · 3

    Revenue grew 13.0% CAGR from FY2022 to FY2026, demonstrating strong top-line expansion momentum.

    Net income surged 26.6% CAGR over four years, significantly outpacing revenue growth rates.

    Analysts project 20.9% upside to the mean price target of 533.33 JPY.

    BEAR CASE · 4

    Debt-to-equity ratio of 2.36 sits in the bottom quartile of the real estate cohort.

    The company faces high credit risk according to internal risk flag assessments.

    Return on equity of 3.4% remains low despite above-median net margins.

    Cash conversion of -0.11 is below the 0.29 cohort median, indicating poor cash efficiency.

    In focus — financials by report

    Quarterly
    Annual
    QUARTERLYFiled 2026-04-14
    Q1 2026 · Quarter highlights

    Revenue ¥19.69B, −25,3% YoY; Operating income −8,8% YoY.

    Revenue¥19.69B−25,3 % YoY
    Operating income¥5.49B−8,8 % YoY
    Net income¥6.10B−3,0 % YoY
    Free cash flow¥6.06B+0,5 % YoY
    EPS
    Operating cash flow-¥24.99B+12,1 % YoY
    Financials
    Income statement
    Revenue¥19.69B
    Gross profit¥7.85B
    Operating income¥5.49B
    Net income¥6.10B
    Margins
    Gross margin39.9%
    Operating margin27.9%
    Net margin31.0%
    FCF margin30.8%
    Balance sheet
    Total assets¥435.82B
    Total liabilities¥319.16B
    Total equity¥116.66B
    Cash & equivalents¥42.06B
    Long-term debt¥297.23B
    Cash flow
    Operating cash flow-¥24.99B
    CapEx-¥10.27B
    Free cash flow¥6.06B
    SBC
    P&L flow · revenue → net income
    Revenue ¥19.69BOperating costs ¥14.20BNet income ¥6.10B
    Highlights
    • Revenue ¥19.69B, −25,3% YoY
    • Operating income −8,8% YoY
    • Net income −3,0% YoY
    • Free cash flow +0,5% YoY
    • Net margin 31.0%

    Valuation TTM

    Market price
    ¥441,00
    Market cap
    Enterprise value
    P/E
    Non-GAAP P/E
    EV / Revenue
    EV / Op income
    EV / OCF
    P / B
    P / Tangible book
    Tangible book
    ¥104.67B
    Net cash
    -¥186.74B
    Current ratio
    4.3
    Debt / equity
    2.4
    ROA
    0.9%
    ROE
    3.4%
    Cash conversion
    -11.0%
    CapEx / revenue
    -2.8%
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 45 %
    EPS
    Consensus EPS
    47,24
    Predicted surprise
    +0,00
    Beat probability
    45 %
    Analysts
    3
    Other metrics
    Revenue
    no estimate
    Segment revenue
    no estimate
    Margin
    no estimate
    Segment margin
    no estimate
    as of 2026-05-19 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPSno estimateno estimate47,24
    Revenueno estimateno estimate104,9B JPY
    Operating incomeno estimateno estimateno estimate
    Full-year consensus mean (period as reported by source) · consensus in JPY. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-08-04

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution3 analysts
    Strong buy0
    Buy1
    Hold1
    Sell1
    Strong sell0
    12-month price target¥533,33 · Median ¥490,00
    Low ¥460,00High ¥650,00
    EPS surprise
    −15,1 %
    reported vs consensus · miss
    Revenue surprise
    −11,6 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    Low¥460,00
    Mean¥533,33
    Median¥490,00
    High¥650,00
    Spot¥441,00
    +20.9 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskMedium
    Filing-based flags
    • Net cash is negative after subtracting total debt.

    Benchmarks vs cohort

    Op Margin19,4 %Above median
    Net Margin14,3 %Above median
    ROE3,4 %Above median
    Capex / Rev-2,8 %Below median
    D/E2,36Bottom quartile
    Cash Conv-0,11Below median

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Physical assets

    3 tracked
    AssetTypeCommodityCountryRole
    Ichijo Mega Solar Nagano Sakuho Ohinata Daiichi Power StationPowerPowerJapanRegistered owner
    Ichijo Mega Solar Nagano Sakuho Ohinata Daiichi Power StationPowerPowerJapanRegistered owner
    Ichijo Mega Solar Nagano Sakuho Ohinata Daiichi Power StationPowerPowerJapanRegistered owner
    Tracked physical assets associated with this issuer (operated, managed, or owned).

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Capex To Revenue
      capital_expenditure / revenue
    • Return On Equity
      net_income / total_equity
    • Debt To Equity
      (short_term_debt + long_term_debt) / total_equity
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    Source documents
    • Ichigo Inc Market data — financials · 2026-05-26
    • Ichigo Inc Market data — analyst estimates · 2026-05-26

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    2337.TCanonical
    Tokyo Stock Exchange · JPY

    Intel & risk

    PredictorBeat prob45 %Surprise+0,00Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-04-14 12:00 UTCEARNINGSQuarterly results — Q1 2026 Revenue JPY 19.69B · Net JPY 6.10B
    2026-04-14 12:00 UTCEARNINGSAnnual results — FY 2026 Revenue JPY 92.70B · Net JPY 16.63B
    2026-01-14 12:00 UTCEARNINGSQuarterly results — Q4 2025 Revenue JPY 21.99B · Net JPY 1.90B
    2025-10-14 12:06 UTCEARNINGSQuarterly results — Q3 2025 Revenue JPY 38.54B · Net JPY 6.29B
    2025-07-15 12:00 UTCEARNINGSQuarterly results — Q2 2025 Revenue JPY 12.49B · Net JPY 2.33B
    2025-04-14 12:00 UTCEARNINGSQuarterly results — Q1 2025 Revenue JPY 26.35B · Net JPY 6.29B
    2025-04-14 12:00 UTCEARNINGSAnnual results — FY 2025 Revenue JPY 83.58B · Net JPY 15.19B
    2025-01-09 12:04 UTCEARNINGSQuarterly results — Q4 2024 Revenue JPY 20.93B · Net JPY 3.53B
    2024-10-10 11:32 UTCEARNINGSQuarterly results — Q3 2024 Revenue JPY 11.20B · Net JPY 1.77B
    2024-07-11 11:30 UTCEARNINGSQuarterly results — Q2 2024 Revenue JPY 25.10B · Net JPY 3.59B
    2024-04-15 11:30 UTCEARNINGSAnnual results — FY 2024 Revenue JPY 82.75B · Net JPY 12.11B
    2023-04-19 11:30 UTCEARNINGSAnnual results — FY 2023 Revenue JPY 68.09B · Net JPY 9.41B
    2022-04-19 11:30 UTCEARNINGSAnnual results — FY 2022 Revenue JPY 56.93B · Net JPY 6.47B
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage