Worth reading
72In focus
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
59
¥100 million (year-on-year increase in business profit for the fiscal year ending February 2027)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFull fiscal year ended February 20269 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Operating profit¥20,449 million+25.4%
Ordinary income¥17,095 million+24.2%
Net income¥16,628 million+9.5%
Full-year earnings forecast
Operating profit
¥20,600 million
Business profit
¥34,000 million
Ordinary income
¥14,900 million
Net income
¥18,000 million
Cash net income
¥24,000 million
EPS
¥45.13
Cash EPS
¥60.17
DPS
¥15.5
ROE
15 %
Cash ROE
20 %
DOE
5.1 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Ichigo Owners fell short of its full-year forecast; gains on hotel sales were 30% above the full-year forecastAssumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Qualitative assumptions are provided, but figures for foreign exchange rates, raw material prices and other items are Not disclosedNew initiatives
- Raise the DOE target from 4% or more to 5% or more
- Plan to begin operation of the first grid-scale battery storage facility in the fiscal year ending February 2027 (Chiba Prefecture, 8.9 MWh)
- Obtain RE100 certification
- After the J.League top partner agreement expires, pursue the creation of regional value through sports and real estate
Key KPIsA metric the company considers important as a management benchmark.
- AUM3,660 Hundreds of millions of yenYear on year against the same period last year-5.0%
- Tradepia Odaiba occupancy rate97 %Year on year against the same period last year+5 ppt from the beginning of the fiscal year
- Rent increases achieved on setup floors66 %
- RevPAR of owned hotels¥15,912Year on year against the same period last year+12.0%
- Fixed-cost coverage ratio of recurring income195 %
- CO2 emissions reduction103,954 t-CO2Year on year against the same period last year+38.0%
Segment results
Asset Management
Business profit
¥2,282 million
Year on year against the same period last year-12.7%
Shinchiku
Business profit
¥13,094 million
Year on year against the same period last year+63.3%
Hotels
Business profit
¥7,224 million
Year on year against the same period last year-21.2%
Ichigo Owners
Business profit
¥3,765 million
Year on year against the same period last year+13.0%
Clean Energy
Business profit
¥1,648 million
Year on year against the same period last year-4.5%
Medium-term management plan targets
Long-term VISION “Ichigo 2030”
DOE target5% or more
ROE15%
Cash ROE20%
Financial targets
ROE
Actual results14.6 %
Forecast15 %
Cash ROE
Actual results16.2 %
Forecast20 %
DOE
Actual results4.1 %
Forecast5.1 %
Annual Dividend
Annual¥15.5
Acquisition of treasury shares
Buyback limit
150 Hundreds of millions of yen
Repurchased
98 Hundreds of millions of yen
Cancellation
Number of Shares3,000 10,000 shares
As a percentage of shares outstanding7 10,000 shares
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Full fiscal year ended February 2026 |
| Operating profit | ¥20,449 million (YoY +25.4%) |
| Ordinary income | ¥17,095 million (YoY +24.2%) |
| Net income | ¥16,628 million (YoY +9.5%) |
| Full-year earnings forecast | Operating profit ¥20,600 million / Business profit ¥34,000 million / Ordinary income ¥14,900 million / Net income ¥18,000 million / Cash net income ¥24,000 million / EPS ¥45.13 / Cash EPS ¥60.17 / DPS ¥15.5 / ROE 15 % / Cash ROE 20 % / DOE 5.1 % |
| Self-assessment against the plan | Ichigo Owners fell short of its full-year forecast; gains on hotel sales were 30% above the full-year forecast |
| Segment results | Asset Management Business profit ¥2,282 million / yoy_pct -12.7 / Shinchiku Business profit ¥13,094 million / yoy_pct 63.3 / Hotels Business profit ¥7,224 million / yoy_pct -21.2 / Ichigo Owners Business profit ¥3,765 million / yoy_pct 13 / Clean Energy Business profit ¥1,648 million / yoy_pct -4.5 |
| Key KPIs | Indicator name AUM / Value 3,660 Hundreds of millions of yen / Year on year against the same period last year -5 Hundreds of millions of yen, Indicator name Tradepia Odaiba occupancy rate / Value 97 % / Year on year against the same period last year +5 ppt from the beginning of the fiscal year, Indicator name Rent increases achieved on setup floors / Value 66 % / Year on year against the same period last year Not disclosed, Indicator name RevPAR of owned hotels / Value ¥15,912 / Year on year against the same period last year ¥12, Indicator name Fixed-cost coverage ratio of recurring income / Value 195 % / Year on year against the same period last year Not disclosed, Indicator name CO2 emissions reduction / Value 103,954 t-CO2 / Year on year against the same period last year 38 t-CO2 |
| Assumptions Underlying the Business Outlook | Qualitative assumptions are provided, but figures for foreign exchange rates, raw material prices and other items are Not disclosed |
| Medium-term management plan targets | Long-term VISION “Ichigo 2030” DOE target 5% or more / ROE 15% / Cash ROE 20% / Target fiscal year Not disclosed |
| Financial targets | ROE Actual results 14.6 % / Forecast 15 % / Cash ROE Actual results 16.2 % / Forecast 20 % / DOE Actual results 4.1 % / Forecast 5.1 % |
| Annual Dividend | Annual ¥15.5 / Interim Not disclosed / End of period Not disclosed |
| Acquisition of treasury shares | Buyback limit 150 Hundreds of millions of yen / Repurchased 98 Hundreds of millions of yen / Period Not disclosed / Cancellation Number of Shares 3,000 10,000 shares / As a percentage of shares outstanding 7 10,000 shares |
| New initiatives | Raise the DOE target from 4% or more to 5% or more, Plan to begin operation of the first grid-scale battery storage facility in the fiscal year ending February 2027 (Chiba Prefecture, 8.9 MWh), Obtain RE100 certification, After the J.League top partner agreement expires, pursue the creation of regional value through sports and real estate |
Items this document does not state (16)
Net SalesGross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookPayout ratioCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.During the fiscal year, flow income in the Value-Add business increased as a result of enhancing the value of real estate, while higher office NOI and contributions from newly acquired properties also supported earnings. For the fiscal year ending February 2027, the Company expects gains from sales of properties and subsidiaries in the Value-Add business, the realization of sales carried over from the previous fiscal year at Ichigo Owners, and higher rental income from hotel rebranding and new properties. In contrast, the Asset Management business does not include performance fees related to investment corporations, while the Clean Energy business assumes output curtailment and higher cost of sales.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.