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Ichigo Inc. (2337.T)

JPY444.00 +3.00 (+0.68%)
JP JPX Real Estate Real Estate - Services
Address Marunouchi Park Building 100-6920
Chiyoda, JP
CEO Takuma Hasegawa
IPO 2002-11-11
ISIN JP3120010008

Explore sections of this company profile

Also trades on Other OTC · ICHIF (USD) Tokyo Stock Exchange · 2337.T (JPY)
Description

Ichigo Inc., together with its subsidiaries, engages in real estate business in Japan. It operates in five segments: Asset Management, Shinzuki, Strawberry Owners, Hotel, and Clean Energy. The company manages real estate investment trusts, infrastructure investment corporations, security tokens, and private real estate funds. It also acquires and develops mid-size assets; develops, manages, rents, operates, and administers hotels, commercial facilities, and restaurants; and operates wholesale markets and shopping malls. In addition, the company generates electricity through utility-scale solar and wind power plants. Further, it is involved in real estate leasing and investment services; environmental protection engineering; development of anime studio and real estate-related content; research, development, production, and application of silicon dioxide; business development consulting services on data mining and analytics; and business engineering solutions to develop and deploy AI. The company was formerly known as Ichigo Group Holdings Co., Ltd. and changed its name to Ichigo Inc. in September 2015. Ichigo Inc. was incorporated in 2000 and is headquartered in Chiyoda, Japan.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
JPY444.00 +3.00 (+0.68%)
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Volume Profile
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Liquidity & share structure
Average Volume
963.2K
Beta
0.01
Float Shares
163.10M
Free Float %
41.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.44% -7.20% -9.80% +1.81% +11.08% +2.27% +18.06% +81.85% +29.23% -1.96% +275.83%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
444.00
DCF (Unlevered) 3,070.88 +591.6%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 33% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 1 0
Hold 1 0
Sell 1 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.03
Distress
Piotroski F-Score
5 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
5 / 5
High
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Real Estate - Services: +11.2%
    +11.6% Q1'26: -22.2% (vs Q1'25)
  • EPS growth Real Estate - Services: +25.9%
    +15.0% Q1'26: +2.2% (vs Q1'25)
  • FCF margin FCF growth · Real Estate - Services: +32.2%
    -20.1% Q1'26: -38.7% (vs Q1'25)
  • EBIT margin Real Estate - Services: +23.7%
    +30.9% Q1'26: +48.3% (vs Q1'25)
  • ROIC Real Estate - Services: +4.3%
    +5.4% Q1'26: +7.5% (vs Q1'25)
  • Share dilution Real Estate - Services: +0.0%
    -4.8% Q1'26: -5.1% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Real Estate - Services: 1.88×
    8.78× Q1'26: 6.69× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.03) × ERP
WACC = 39% × Ke + 61% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 3,108.27 Current price: 444.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Feb 2015
actual
Feb 2016
actual
Feb 2017
actual
Feb 2018
actual
Feb 2019
actual
Feb 2020
actual
Feb 2021
actual
Feb 2022
actual
Feb 2023
actual
Feb 2024
actual
Feb 2025
actual
Feb 2026
3 Rev. Ana.
3 EPS Ana.
Feb 2027
3 Rev. Ana.
3 EPS Ana.
Feb 2028
3 Rev. Ana.
3 EPS Ana.
Feb 2029
3 Rev. Ana.
3 EPS Ana.
Feb 2030
2 Rev. Ana.
1 EPS Ana.
Feb 2031
1 Rev. Ana.
1 EPS Ana.
Revenue
42.71B
est: 43.13B (-1.0%)
49.92B
est: 49.89B (+0.1%)
109.25B
est: 114.33B (-4.4%)
57.85B
est: 68.90B (-16.0%)
83.54B
est: 79.88B (+4.6%)
87.37B
est: 84.83B (+3.0%)
61.37B
est: 58.60B (+4.7%)
56.95B
est: 64.40B (-11.6%)
68.09B
est: 65.76B (+3.5%)
82.84B
est: 97.69B (-15.2%)
84.16B
est: 88.70B (-5.1%)
101.23B
92.00B – 108.10B
+14.1% YoY
104.93B
97.99B – 112.81B
+3.6% YoY
111.90B
102.32B – 119.58B
+6.6% YoY
118.80B
114.44B – 123.16B
+6.2% YoY
123.00B
113.64B – 131.83B
+3.5% YoY
125.10B
115.58B – 134.08B
+1.7% YoY
EBITDA
8.87B
est: 10.96B (-19.1%)
16.23B
est: 12.68B (+28.0%)
23.44B
est: 29.06B (-19.3%)
22.66B
est: 17.51B (+29.4%)
27.68B
est: 20.30B (+36.4%)
22.18B
est: 21.56B (+2.9%)
15.15B
est: 14.89B (+1.7%)
17.89B
est: 16.37B (+9.3%)
22.09B
est: 16.72B (+32.1%)
25.53B
est: 40.98B (-37.7%)
30.23B
est: 37.21B (-18.8%)
42.47B
38.60B – 45.35B
+14.1% YoY
44.02B
41.11B – 47.33B
+3.6% YoY
46.95B
42.93B – 50.17B
+6.6% YoY
49.84B
48.01B – 51.67B
+6.2% YoY
51.60B
47.67B – 55.31B
+3.5% YoY
52.48B
48.49B – 56.25B
+1.7% YoY
EBIT
8.16B
est: 7.67B (+6.4%)
15.30B
est: 8.87B (+72.4%)
22.52B
est: 20.33B (+10.7%)
21.53B
est: 12.25B (+75.7%)
25.73B
est: 14.21B (+81.1%)
19.38B
est: 15.09B (+28.4%)
10.23B
est: 10.42B (-1.9%)
12.09B
est: 11.45B (+5.6%)
16.57B
est: 11.70B (+41.7%)
20.57B
est: 40.81B (-49.6%)
25.28B
est: 37.05B (-31.8%)
42.29B
38.43B – 45.16B
+14.1% YoY
43.83B
40.94B – 47.13B
+3.6% YoY
46.75B
42.74B – 49.95B
+6.6% YoY
49.63B
47.81B – 51.45B
+6.2% YoY
51.38B
47.47B – 55.07B
+3.5% YoY
52.26B
48.28B – 56.01B
+1.7% YoY
Net Income
6.76B
est: 5.57B (+21.3%)
12.93B
est: 10.65B (+21.3%)
14.89B
est: 13.29B (+12.0%)
14.02B
est: 12.64B (+10.9%)
15.37B
est: 13.72B (+12.0%)
8.20B
est: 14.03B (-41.5%)
5.03B
est: 4.69B (+7.1%)
6.47B
est: 6.29B (+2.9%)
9.41B
est: 8.67B (+8.5%)
12.11B
est: 14.24B (-15.0%)
15.19B
est: 13.93B (+9.1%)
16.63B
16.06B – 17.21B
+19.4% YoY
19.00B
18.86B – 20.65B
+14.2% YoY
21.51B
20.31B – 22.70B
+13.2% YoY
23.69B
23.09B – 24.30B
+10.2% YoY
22.19B
20.00B – 24.27B
-6.3% YoY
22.90B
20.63B – 25.04B
+3.2% YoY
SGA
est: 4.03B (-100.0%)
est: 4.66B (-100.0%)
est: 10.69B (-100.0%)
est: 6.44B (-100.0%)
est: 7.47B (-100.0%)
est: 7.93B (-100.0%)
est: 5.48B (-100.0%)
est: 6.02B (-100.0%)
est: 6.15B (-100.0%)
— – —
— – —
— – —
— – —
— – —
— – —
EPS
13.58
est: 12.77 (+6.4%)
25.86
est: 24.41 (+5.9%)
29.66
est: 30.46 (-2.6%)
28.10
est: 28.96 (-3.0%)
31.14
est: 31.43 (-0.9%)
16.89
est: 32.13 (-47.4%)
10.48
est: 10.75 (-2.5%)
13.81
est: 14.41 (-4.1%)
20.44
est: 19.87 (+2.9%)
26.89
est: 31.89 (-15.7%)
34.86
est: 33.87 (+2.9%)
39.58
38.65 – 41.40
+16.9% YoY
47.24
45.39 – 49.69
+19.3% YoY
52.06
48.87 – 54.63
+10.2% YoY
57.13
55.55 – 58.46
+9.7% YoY
53.40
48.12 – 58.38
-6.5% YoY
55.10
49.65 – 60.24
+3.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B+ 3/5 3/5 5/5 4/5 1/5 3/5 2/5
2026-05-28 B+ 3/5 3/5 5/5 4/5 1/5 3/5 2/5
2026-05-27 B+ 3/5 3/5 5/5 4/5 1/5 3/5 2/5
2026-05-26 B+ 3/5 3/5 5/5 4/5 1/5 3/5 2/5
2026-05-25 B+ 3/5 3/5 5/5 4/5 1/5 3/5 2/5
2026-05-22 B+ 3/5 3/5 5/5 4/5 1/5 3/5 2/5
2026-05-21 B+ 3/5 3/5 5/5 4/5 1/5 3/5 2/5
2026-05-20 B+ 3/5 3/5 5/5 4/5 1/5 3/5 2/5
2026-05-19 B+ 3/5 3/5 5/5 4/5 1/5 3/5 2/5
2026-05-18 B+ 3/5 3/5 5/5 4/5 1/5 3/5 2/5
2026-05-15 B+ 3/5 3/5 5/5 4/5 1/5 3/5 2/5
2026-05-14 B+ 3/5 3/5 5/5 4/5 1/5 3/5 2/5
2026-05-13 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-05-12 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-05-11 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-05-08 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-05-07 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-05-01 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-04-30 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-04-28 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-04-27 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-04-24 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-04-23 A- 4/5 3/5 5/5 5/5 1/5 3/5 3/5
2026-04-22 A- 4/5 3/5 5/5 5/5 1/5 3/5 3/5
2026-04-21 A- 4/5 3/5 5/5 5/5 1/5 3/5 3/5
2026-04-20 A- 4/5 3/5 5/5 5/5 1/5 3/5 3/5
2026-04-17 A- 4/5 3/5 5/5 5/5 1/5 3/5 3/5
2026-04-16 A- 4/5 3/5 5/5 5/5 1/5 3/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-7.32B
OE per share TTM
-18.23
Owner's Yield
-3.96%
Maintenance CapEx ratio
262.54%
Maint CapEx / Avg PPE
252.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 80 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 FlexShares Global Quality Real Estate Index Fund GQRE 0.19% 791.2K 0.46%
2 WisdomTree Japan SmallCap Dividend Fund DFJ 0.15% 575.2K 0.58%
3 State Street SPDR S&P International Small Cap ETF GWX 0.06% 497.5K 0.40%
4 Vanguard Global ex-U.S. Real Estate ETF VNQI 0.05% 1.85M 0.12%
5 Xtrackers International Real Estate ETF HAUZ 0.05% 496.6K 0.10%
6 WisdomTree International SmallCap Dividend Fund DLS 0.04% 436.9K 0.58%
7 WisdomTree Dynamic International SmallCap Equity ETF DDLS 0.04% 177.6K 0.48%
8 iShares MSCI Japan Small-Cap ETF SCJ 0.03% 85.8K 0.50%
9 iShares MSCI Japan Small Cap UCITS ETF IDJP.L 0.03% 185.9K 0.58%
10 iShares International Small-Cap Equity Factor ETF ISCF 0.03% 199.4K 0.24%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
42.04M
Shares Outstanding
394.77M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Takuma Hasegawa President, Representative Statutory Executive Officer & Director 149M male
Hiroaki Fujii Statutory Executive Officer of Administrations, Risk Management & Compliance
Kazunori Kurita Senior Statutory Executive Officer of Sustainable Engineering male
Naoko Furukawa Executive Officer, Deputy GM of Finance Division and GM of Planning & Accounting Department
Ryutaro Yamamoto Senior Statutory Executive Officer of Business Management male
Scott Anderberg Callon Chairman & Representative Statutory Executive Officer
Takanori Sakamatsu Executive MD & Statutory Executive Officer of Finance male
Takeyuki Yoshimatsu Executive MD, Statutory Exec Officer of Communications & Deputy Head of Corp Operations
Eri Murai Senior Exe MD, Statutory Exe Officer of Corp Operations, President of Ichigo University & Director female
Yasutoyo Senda Statutory Executive Officer of Audit
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits