Ichigo Office REIT Investment Corporation

TSE:8975 Stock Report

Market Cap: JP¥123.6b

Ichigo Office REIT Investment Past Earnings Performance

Past criteria checks 2/6

Ichigo Office REIT Investment has been growing earnings at an average annual rate of 3.8%, while the Office REITs industry saw earnings growing at 3.8% annually. Revenues have been growing at an average rate of 3% per year. Ichigo Office REIT Investment's return on equity is 6.5%, and it has net margins of 41.2%.

Key information

3.8%

Earnings growth rate

4.2%

EPS growth rate

Office REITs Industry Growth4.8%
Revenue growth rate3.0%
Return on equity6.5%
Net Margin41.2%
Last Earnings Update30 Apr 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Ichigo Office REIT Investment makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSE:8975 Revenue, expenses and earnings (JPY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Apr 2416,1366,6461380
31 Jan 2418,1397,9521300
31 Oct 2320,2959,4851270
30 Apr 2320,1829,3911020
31 Jan 2318,3298,0421010
31 Oct 2216,4766,6921010
31 Jul 2216,4986,792990
30 Apr 2216,5196,892970
31 Jan 2216,0446,607970
31 Oct 2115,5686,3221120
31 Jul 2115,5796,379980
30 Apr 2115,5896,435990
31 Jan 2115,8576,662990
31 Oct 2016,1246,8881130
30 Apr 2016,5657,1301100
31 Jan 2016,6607,2081100
31 Oct 1916,7557,2861100
30 Apr 1916,0846,7131010
31 Jan 1916,3897,0681020
31 Oct 1816,6947,4221160
31 Jul 1816,6447,3301010
30 Apr 1818,1248,8821260
31 Jan 1815,7386,3251020
31 Oct 1714,8835,4111170
31 Jul 1714,6635,2451040
30 Apr 1714,7045,2301260
31 Jan 1714,1085,0121010
31 Oct 1613,7724,9441040
31 Jul 1613,3524,641930
30 Apr 1613,3644,9641160
31 Jan 1612,1003,447830
31 Oct 1511,2692,557870
30 Apr 1510,0401,408860
31 Oct 149,2302,818940
30 Apr 149,2742,612900

Quality Earnings: 8975 has high quality earnings.

Growing Profit Margin: 8975's current net profit margins (41.2%) are lower than last year (46.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 8975's earnings have grown by 3.8% per year over the past 5 years.

Accelerating Growth: 8975's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 8975 had negative earnings growth (-29.2%) over the past year, making it difficult to compare to the Office REITs industry average (-1.5%).

Return on Equity

High ROE: 8975's Return on Equity (6.5%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/24 18:47
End of Day Share Price 2024/12/24 00:00
Earnings2024/04/30
Annual Earnings2024/04/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Ichigo Office REIT Investment Corporation is covered by 7 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Yew Kiang WongCLSA
null nullDaiwa Securities Co. Ltd.
William MontgomeryJefferies LLC