Ichigo Inc. Just Missed Revenue By 28%: Here's What Analysts Think Will Happen Next

Shareholders might have noticed that Ichigo Inc. (TSE:2337) filed its quarterly result this time last week. The early response was not positive, with shares down 8.3% to JP¥377 in the past week. Ichigo reported a serious miss, with revenue of JP¥12b falling a huge 28% short of analyst estimates. The bright side is that statutory earnings per share of JP¥34.86 were in line with forecasts. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

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Taking into account the latest results, the consensus forecast from Ichigo's three analysts is for revenues of JP¥96.3b in 2026. This reflects a huge 36% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to step up 16% to JP¥38.59. In the lead-up to this report, the analysts had been modelling revenues of JP¥101.0b and earnings per share (EPS) of JP¥38.39 in 2026. The consensus seems maybe a little more pessimistic, trimming their revenue forecasts after the latest results even though there was no change to its EPS estimates.

View our latest analysis for Ichigo

The consensus has reconfirmed its price target of JP¥477, showing that the analysts don't expect weaker revenue expectations next year to have a material impact on Ichigo's market value. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on Ichigo, with the most bullish analyst valuing it at JP¥570 and the most bearish at JP¥430 per share. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. The analysts are definitely expecting Ichigo's growth to accelerate, with the forecast 50% annualised growth to the end of 2026 ranking favourably alongside historical growth of 7.7% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 4.6% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Ichigo is expected to grow much faster than its industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. They also downgraded Ichigo's revenue estimates, but industry data suggests that it is expected to grow faster than the wider industry. Even so, earnings per share are more important to the intrinsic value of the business. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have forecasts for Ichigo going out to 2028, and you can see them free on our platform here.

Plus, you should also learn about the 3 warning signs we've spotted with Ichigo (including 1 which is concerning) .

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.