Ichigo

Ichigo (2337) investor relations material

Ichigo Q2 2027 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.

Q2 2027 earnings summary14 Oct, 2026

Executive summary

H1 business profit rose 2.6% to ¥15.5bn; net income fell 1.9% to ¥8.5bn, while cash net income increased 9.8% to ¥12.1bn.
SRE, Ichigo Owners and AM growth offset weaker Hotel and Clean Energy earnings; acquisitions and existing-asset NOI growth helped cushion lower stock earnings.
FY27/2 guidance remains unchanged, targeting record business profit of ¥34bn, net income of ¥18bn and a ¥15.5 per-share dividend.

Financial highlights

H1 revenue fell 22.0% to ¥39.8bn, reflecting lower real estate sales after prior-year bulk residential sales; gross profit was ¥15.3bn versus ¥16.0bn.
Operating profit declined 5.7% to ¥10.6bn; recurring profit fell 1.0% to ¥9.0bn and net income fell 1.9% to ¥8.5bn.
Extraordinary gains rose to ¥4.9bn, including ¥3.0bn from affiliate-share sales and ¥1.9bn from SRE asset sales.
Business profit increased 2.6% to ¥15.5bn; cash earnings rose 2% to ¥22.6bn, comprising ¥12.5bn stock earnings and ¥10.0bn flow earnings.
Operating cash flow was -¥16.9bn, mainly reflecting a ¥22.9bn increase in real estate for sale; period-end cash was ¥39.2bn.

Outlook and guidance

FY27/2 forecasts: business profit ¥34.0bn (+21.2%), net income ¥18.0bn (+8.2%), EPS ¥45.13 (+12.5%) and cash net income ¥24.0bn (+30.1%).
Full-year cash EPS is forecast at ¥60.17 (+35.3%); record cash earnings of ¥47.8bn are expected, with flow earnings accelerating in H2.
FY27 stock earnings are forecast at ¥25bn, above the prior-year record ¥24.3bn and the ¥23.8bn embedded forecast.
H2 asset sales, including contracted transactions, support the outlook; the ¥400bn AUM target is aspirational and difficult to reach in H2.

Partial view of Summaries dataset, powered by Quartr API

AI can get things wrong. Verify important information.

Research faster. Power your platform.

Latest events from Ichigo

View more events

Next Ichigo earnings date

Q3 202714 Jan, 2027

Companies

Ichigo

Cover every name on your watchlist this earnings season.

Automations, AI chat, and live calls across 16,000+ companies.

Book demo

Next Ichigo earnings date

Q3 202714 Jan, 2027

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.

Leroy DaleyApp Store

One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.

Eferix Drawings Google Play

This is genuinely one of the cleanest and fastest finance apps out there to track the market.

anuj283App Store

Leroy DaleyApp Store

One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.

Eferix Drawings Google Play

This is genuinely one of the cleanest and fastest finance apps out there to track the market.

anuj283App Store

I can't remember the last time an app had such a positive impact on my investment process.

@ankurshah47_ x.com

Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.

Amina0781App Store

Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.

@theshortbearx.com

I can't remember the last time an app had such a positive impact on my investment process.

@ankurshah47_ x.com

Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.

Amina0781App Store

Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.

@theshortbearx.com

I’m actually shocked at just how much I like Quartr. If you’re an analyst & need a strong web tool + mobile app that syncs properly, saves you from manually dialing into calls.

@endthepods x.com

A must have for every investor. includes all quarterly reports with earnings calls and transcripts in single app

Abdulla AlnaamaGoogle Play