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Ichigo (2337) investor relations material
Ichigo Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Business profit rose 25% year-over-year, with EPS up 24% and cash EPS up 19%, driven by strong hotel, real estate, and asset sales performance.
Revenue increased 27.6% to JPY 73.0 billion, with operating profit up 46.5% and net income up 18.3%.
Forecasting record full-year earnings, with net income guidance at JPY 16 billion and EPS at JPY 38.13.
Shareholder returns enhanced by JPY 15 billion buybacks, 6.7% of shares cancelled, and a 10% dividend increase.
Recognized for environmental leadership, achieving CDP Double A List status for climate change and water security.
Financial highlights
Revenue: JPY 73.0 billion (+27.6% YoY); Operating profit: JPY 15.1 billion (+46.5% YoY); Net income: JPY 10.5 billion (+18.3% YoY); Cash net income: JPY 13.6 billion (+13.5% YoY).
Business profit (core) for Q3 was JPY 19,031M (+25.4% YoY); full-year forecast is JPY 28,400M (+14.2%).
Stock earnings up 9% YoY, flow earnings up 31% YoY, with hotel business profit up 103% and Ichigo Owners up 87%.
Shareholders' equity ratio at 25.6%, net D/E ratio at 2.2x, and cash and cash equivalents at JPY 51.4 billion.
Stock earnings/fixed expenses coverage ratio at 202%.
Outlook and guidance
On track for record FY26/2 earnings, with both stock and flow earnings expected to hit record levels.
Full-year guidance: Operating profit JPY 19.5 billion (+19.6% YoY), net income JPY 16.0 billion (+5.4% YoY), EPS JPY 38.13 (+9.4% YoY).
Dividend forecast raised to JPY 11.5 (+10% YoY), maintaining a progressive dividend policy.
Owners segment may exceed forecast if transactions close in Q4; otherwise, strong start expected for next year.
No changes to previously announced earnings forecasts.
- TimeTickerHeadlineOpen
- LTRX
Q2 revenue $29.8M, non-GAAP EPS $0.04, drone revenue guidance raised, cash at $23M. - AFL
Net earnings dropped, but adjusted EPS and U.S. sales grew; $800M in share repurchases. - CFLT
Stockholders will vote on the IBM merger amid litigation and enhanced disclosures. - GEOS
Revenue fell 31% and a net loss of $9.8 million was reported amid broad market headwinds. - SNT
Positive Phase 2 amsulostat data and strong funding position drive near-term value. - OFX
Strategic review launched as non-FX revenue surges but NOI and client activity decline. - RSI
Record financial results, all motions passed, and LEAP Project advances for future growth. - CNXN
Record gross profit and margin gains, with cost savings and AI focus driving 2026 growth. - ARAY
Q2 FY26 revenue down 12%, net loss $13.8M, FY26 guidance cut, transformation plan underway. - PLUS
Double-digit growth, raised guidance, and a $0.25 dividend marked a strong quarter.
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