Japan · Delayed Price · Currency is JPY Ichigo Earnings Call Transcripts
Fiscal Year 2026
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Record business profit and cash earnings were achieved, driven by Sustainable Real Estate and supported by inflation tailwinds. Forecasts indicate robust growth in profit, EPS, and cash EPS, with ongoing share buybacks and dividend increases enhancing shareholder returns.
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Business profit rose 25% year-to-date, with record earnings expected and strong growth in hotels and owners segments. Expanded share buybacks and dividend increases reflect robust cash generation, while construction inflation and market trends favor the value-add model.
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Business Profit and Cash EPS surged 60% and 52% year-over-year, with record earnings forecasted. Strategic share buybacks, asset sales, and segment diversification drive robust results amid a favorable market, despite share price volatility.
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Q1 saw a dip in all-in OP and cash EPS, but strong stock earnings and robust hotel and asset management segments set the stage for record full-year results. Asset sales, security tokens, and clean energy battery storage are key growth drivers.
Fiscal Year 2025
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Record cash and stock earnings were achieved, led by strong hotel and asset management performance, with all-in operating profit up 17% year-over-year. Dividend and share buybacks increased, and robust real estate inflation and value-add strategies are expected to drive continued growth.
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All-In Operating Profit fell 7% year-over-year, but strong hotel and asset management performance is driving record stock earnings and a positive full-year outlook. Share buybacks and dividend increases continue, with robust hotel and office markets supporting future growth.
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All-In OP fell 32% year-on-year, but Stock Earnings rose 11% and hotels drove strong growth. Share buybacks and dividend increases continue, with robust outlook for the second half and ongoing expansion in asset management and clean energy.
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Q1 saw operating profit up 119% and cash EPS up 34% year-on-year, driven by strong real estate, hotel, and asset management performance. Record earnings are expected for the year, with ongoing share buybacks, dividend growth, and global clean energy expansion.