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Ichigo

OTCPK:ICHI.F
Snowflake Description

Proven track record with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ICHI.F
OTCPK
¥167B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Ichigo Inc. owns and operates real estate properties in Japan. The last earnings update was 38 days ago. More info.


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ICHI.F Share Price and Events
7 Day Returns
0%
OTCPK:ICHI.F
-0.4%
US Real Estate
-1.4%
US Market
1 Year Returns
-
OTCPK:ICHI.F
-15.7%
US Real Estate
1.6%
US Market
ICHI.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ichigo (ICHI.F) 0% 0% - - - -
US Real Estate -0.4% -8.6% -11.1% -15.7% 14.9% 0.8%
US Market -1.4% -3.9% 0.2% 1.6% 33.2% 38.2%
1 Year Return vs Industry and Market
  • No trading data on ICHI.F.
  • No trading data on ICHI.F.
Price Volatility
ICHI.F
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Ichigo's competitors could be found in our database.

ICHI.F Value

 Is Ichigo undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Ichigo to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Ichigo.

OTCPK:ICHI.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:ICHI.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.111 (1 + (1- 30.86%) (117.43%))
1.679
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.68
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.679 * 5.96%)
12.74%

Discounted Cash Flow Calculation for OTCPK:ICHI.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Ichigo is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:ICHI.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 12.74%)
2019 -13,000.00 Analyst x1 -11,531.40
2020 11,625.51 Analyst x3 9,147.22
2021 11,414.62 Analyst x4 7,966.67
2022 12,725.00 Analyst x2 7,877.93
2023 16,200.00 Analyst x1 8,896.27
2024 16,800.00 Analyst x1 8,183.53
2025 17,364.34 Est @ 3.36% 7,502.88
2026 17,914.87 Est @ 3.17% 6,866.29
2027 18,459.17 Est @ 3.04% 6,275.66
2028 19,002.95 Est @ 2.95% 5,730.68
Present value of next 10 years cash flows ¥56,915.72
OTCPK:ICHI.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥19,002.95 × (1 + 2.73%) ÷ (12.74% – 2.73%)
¥195,106.10
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥195,106.10 ÷ (1 + 12.74%)10
¥58,837.78
OTCPK:ICHI.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥56,915.72 + ¥58,837.78
¥115,753.50
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥115,753.50 / 484.08
¥239.12
OTCPK:ICHI.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:ICHI.F represents 0.00971x of TSE:2337
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00971x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 239.12 x 0.00971
$2.32
Value per share (USD) From above. $2.32
Current discount Discount to share price of $3.35
= -1 x ($3.35 - $2.32) / $2.32
-44.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Ichigo is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Ichigo's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ichigo's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:ICHI.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-02-28) in JPY ¥31.14
TSE:2337 Share Price ** TSE (2019-04-09) in JPY ¥345
United States of America Real Estate Industry PE Ratio Median Figure of 26 Publicly-Listed Real Estate Companies 15.15x
United States of America Market PE Ratio Median Figure of 3,084 Publicly-Listed Companies 17.44x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ichigo.

OTCPK:ICHI.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:2337 Share Price ÷ EPS (both in JPY)

= 345 ÷ 31.14

11.08x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ichigo is good value based on earnings compared to the US Real Estate industry average.
  • Ichigo is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Ichigo's expected growth come at a high price?
Raw Data
OTCPK:ICHI.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.08x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
2.7%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 0.44x
United States of America Market PEG Ratio Median Figure of 2,121 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

OTCPK:ICHI.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.08x ÷ 2.7%

4.1x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ichigo is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Ichigo's assets?
Raw Data
OTCPK:ICHI.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-02-28) in JPY ¥203.83
TSE:2337 Share Price * TSE (2019-04-09) in JPY ¥345
United States of America Real Estate Industry PB Ratio Median Figure of 51 Publicly-Listed Real Estate Companies 1.45x
United States of America Market PB Ratio Median Figure of 5,207 Publicly-Listed Companies 1.8x
OTCPK:ICHI.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:2337 Share Price ÷ Book Value per Share (both in JPY)

= 345 ÷ 203.83

1.69x

* Primary Listing of Ichigo.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ichigo is overvalued based on assets compared to the US Real Estate industry average.
X
Value checks
We assess Ichigo's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Ichigo has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ICHI.F Future Performance

 How is Ichigo expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ichigo expected to grow at an attractive rate?
  • Ichigo's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Ichigo's earnings growth is positive but not above the United States of America market average.
  • Ichigo's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:ICHI.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:ICHI.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 2.7%
OTCPK:ICHI.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 1.8%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 3.8%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:ICHI.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:ICHI.F Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-02-29
2023-02-28 80,273 15,428 1
2022-02-28 91,346 14,033 17,157 3
2021-02-28 93,027 16,622 16,667 6
2020-02-29 86,134 14,925 15,539 5
OTCPK:ICHI.F Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-02-28 83,540 21,762 15,373
2018-11-30 71,373 6,057 15,256
2018-08-31 50,544 -11,388 10,753
2018-05-31 61,039 15,743 15,328
2018-02-28 57,846 10,603 14,018
2017-11-30 60,173 10,172 13,002
2017-08-31 56,648 -18,544 11,832
2017-05-31 75,753 3,185 11,546
2017-02-28 109,253 21,547 14,894
2016-11-30 99,034 1,732 14,164
2016-08-31 121,083 56,085 20,639
2016-05-31 87,211 -30,216 16,135

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ichigo's earnings are expected to grow by 2.7% yearly, however this is not considered high growth (20% yearly).
  • Ichigo's revenue is expected to grow by 1.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:ICHI.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Ichigo Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ICHI.F Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-02-29
2023-02-28 31.90 31.90 31.90 1.00
2022-02-28 35.17 38.50 32.00 3.00
2021-02-28 34.21 36.80 32.50 6.00
2020-02-29 31.86 32.87 31.30 5.00
OTCPK:ICHI.F Past Financials Data
Date (Data in JPY Millions) EPS *
2019-02-28 31.14
2018-11-30 30.79
2018-08-31 21.67
2018-05-31 30.84
2018-02-28 28.12
2017-11-30 25.99
2017-08-31 23.59
2017-05-31 22.99
2017-02-28 29.65
2016-11-30 28.23
2016-08-31 41.19
2016-05-31 32.24

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Ichigo is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Ichigo's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ichigo has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ICHI.F Past Performance

  How has Ichigo performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ichigo's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Ichigo's year on year earnings growth rate has been positive over the past 5 years.
  • Ichigo's 1-year earnings growth is less than its 5-year average (9.7% vs 18.4%)
  • Ichigo's earnings growth has exceeded the US Real Estate industry average in the past year (9.7% vs -15.8%).
Earnings and Revenue History
Ichigo's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ichigo Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ICHI.F Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-02-28 83,540.00 15,373.00 5,847.00
2018-11-30 71,373.00 15,256.00 5,846.00
2018-08-31 50,544.00 10,753.00 5,577.00
2018-05-31 61,039.00 15,328.00 5,337.00
2018-02-28 57,846.00 14,018.00 5,067.00
2017-11-30 60,173.00 13,002.00 4,894.00
2017-08-31 56,648.00 11,832.00 4,903.00
2017-05-31 75,753.00 11,546.00 5,016.00
2017-02-28 109,253.00 14,894.00 5,025.00
2016-11-30 99,034.00 14,164.00 4,755.00
2016-08-31 121,083.00 20,639.00 4,680.00
2016-05-31 87,211.00 16,135.00 4,512.00
2016-02-29 49,699.00 12,925.00 4,446.00
2015-11-30 72,457.00 14,795.00 4,467.00
2015-08-31 47,433.00 8,491.00 4,241.00
2015-05-31 45,080.00 7,272.00 4,090.00
2015-02-28 42,705.00 6,761.00 3,977.00
2014-11-30 21,164.00 4,395.00 3,875.00
2014-08-31 24,394.00 4,262.00 3,811.00
2014-05-31 30,606.00 5,030.00 3,673.00
2014-02-28 35,101.00 4,526.00 3,522.00
2013-11-30 33,497.00 4,388.00 3,424.00
2013-08-31 29,346.00 3,857.00 3,305.00
2013-05-31 25,058.00 2,733.00 3,234.00
2013-02-28 16,397.00 1,637.00 3,130.00
2012-11-30 14,197.00 1,250.00 2,883.00
2012-08-31 13,860.00 1,013.00 2,887.00
2012-05-31 13,477.00 1,929.00 2,948.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Ichigo has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ichigo used its assets more efficiently than the US Real Estate industry average last year based on Return on Assets.
  • Ichigo has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Ichigo's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Ichigo has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ICHI.F Health

 How is Ichigo's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Ichigo's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ichigo is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ichigo's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ichigo's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Ichigo Company Filings, last reported 2 months ago.

OTCPK:ICHI.F Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-02-28 102,858.00 196,109.00 50,225.00
2018-11-30 99,670.00 205,758.00 45,067.00
2018-08-31 95,534.00 204,849.00 46,676.00
2018-05-31 93,310.00 196,392.00 53,045.00
2018-02-28 92,724.00 185,998.00 45,510.00
2017-11-30 89,152.00 192,820.00 52,210.00
2017-08-31 88,281.00 180,523.00 55,491.00
2017-05-31 81,621.00 179,462.00 45,542.00
2017-02-28 83,443.00 174,217.00 47,678.00
2016-11-30 81,169.00 160,828.00 38,750.00
2016-08-31 80,072.00 134,677.00 46,473.00
2016-05-31 74,102.00 156,164.00 35,183.00
2016-02-29 72,165.00 164,105.00 28,779.00
2015-11-30 71,150.00 146,298.00 31,078.00
2015-08-31 63,680.00 154,625.00 21,913.00
2015-05-31 59,947.00 105,243.00 21,065.00
2015-02-28 58,376.00 102,251.00 19,383.00
2014-11-30 55,097.00 94,721.00 19,097.00
2014-08-31 53,276.00 89,150.00 20,264.00
2014-05-31 52,496.00 72,684.00 20,493.00
2014-02-28 50,841.00 54,805.00 24,991.00
2013-11-30 34,319.00 52,845.00 9,813.00
2013-08-31 33,376.00 46,144.00 11,517.00
2013-05-31 32,180.00 42,360.00 9,391.00
2013-02-28 31,065.00 41,945.00 9,713.00
2012-11-30 29,736.00 44,733.00 10,499.00
2012-08-31 28,903.00 45,626.00 10,076.00
2012-05-31 28,547.00 48,578.00 9,944.00
  • Ichigo's level of debt (190.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (108.1% vs 190.7% today).
  • Debt is not well covered by operating cash flow (11.1%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.6x coverage).
X
Financial health checks
We assess Ichigo's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ichigo has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ICHI.F Dividends

 What is Ichigo's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.03%
Current annual income from Ichigo dividends. Estimated to be 2.32% next year.
If you bought $2,000 of Ichigo shares you are expected to receive $41 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Ichigo's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • Ichigo's dividend is below the markets top 25% of dividend payers in United States of America (3.75%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:ICHI.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2007 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:ICHI.F Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-02-29
2023-02-28 9.00 1.00
2022-02-28 8.83 3.00
2021-02-28 8.00 5.00
2020-02-29 7.30 5.00
OTCPK:ICHI.F Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-04-17 7.000 1.987
2018-05-28 7.000 1.727
2018-04-18 7.000 1.465
2017-07-13 6.000 1.489
2017-05-29 6.000 1.802
2017-04-19 6.000 1.844
2016-07-14 2.000 0.496
2016-05-30 5.000 1.223
2016-04-19 5.000 1.049
2015-05-25 2.000 0.599
2015-04-20 2.000 0.609
2014-10-14 1.300 0.484
2014-07-14 1.300 0.443
2014-04-17 1.100 0.339
2014-01-10 0.550 0.166
2013-07-12 0.550 0.135
2013-05-27 1.100 0.308
2013-04-19 1.100 0.227
2013-01-11 1.000 0.619
2012-10-12 1.000 1.519
2012-07-13 1.000 2.217
2010-01-18 0.000 0.000
2010-01-14 0.000 0.000
2009-10-15 0.000 0.000
2009-10-14 0.000 0.000
2009-07-15 0.000 0.000
2009-05-28 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Ichigo has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Ichigo only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Ichigo's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Ichigo's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ichigo afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ichigo has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ICHI.F Management

 What is the CEO of Ichigo's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Takuma Hasegawa
AGE 47
TENURE AS CEO 4 years
CEO Bio

Mr. Takuma Hasegawa has been the President of Ichigo Inc., (alternate name Ichigo Group Holdings Co., Ltd.) since May 24, 2015 and its Statutory Executive Officer since March 2015 and served as its Executive Vice President. Mr. Hasegawa served as Senior Managing Executive Officer of Asset Managers Holdings Co., Ltd. He served as President of Asset Managers Co Ltd., a wholly-owned unit of Asset Managers Holdings Co Ltd. He has been a Director of Ichigo Group Holdings Co., Ltd. since May 25, 2015. Mr. Hasegawa served as a Director at Asset Managers Holdings Co., Ltd.

CEO Compensation
  • Insufficient data for Takuma to compare compensation growth.
  • Insufficient data for Takuma to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Ichigo management team in years:

4.1
Average Tenure
50
Average Age
  • The tenure for the Ichigo management team is about average.
Management Team

Scott Anderberg Callon

TITLE
Chairman & Representative Statutory Executive Officer
AGE
54

Kenji Iwasaki

TITLE
Chairman & Representative Statutory Executive Officer
AGE
50
TENURE
10.6 yrs

Takuma Hasegawa

TITLE
President
AGE
47
TENURE
4 yrs

Go Watanabe

TITLE
Executive MD

Minoru Ishihara

TITLE
Executive VP
AGE
51
TENURE
4 yrs

Takanori Sakamatsu

TITLE
Deputy Group Head of Finance

Eri Murai

TITLE
Executive MD
AGE
48
TENURE
4.2 yrs

Katsuhiko Hattori

TITLE
Statutory Executive Officer of Engineering
AGE
80

Takeyuki Yoshimatsu

TITLE
Executive MD & Statutory Exec. Officer of Business Management and Group Head of Business Management
AGE
48

Akihiko Tsukasa

TITLE
Statutory Executive Officer for Osaka Branch & Deputy Group Head of Value-Add
Board of Directors Tenure

Average tenure and age of the Ichigo board of directors in years:

6
Average Tenure
57
Average Age
  • The tenure for the Ichigo board of directors is about average.
Board of Directors

Kenji Iwasaki

TITLE
Chairman & Representative Statutory Executive Officer
AGE
50

Takuma Hasegawa

TITLE
President
AGE
47
TENURE
4 yrs

Minoru Ishihara

TITLE
Executive VP
AGE
51
TENURE
10 yrs

Tetsuya Fujita

TITLE
Lead Independent Director
AGE
64
TENURE
3 yrs

Scott Anderberg Callon

TITLE
Chairman & Representative Statutory Executive Officer
AGE
54
TENURE
10.5 yrs

Noriko Kawate

TITLE
Independent External Director
AGE
42
TENURE
8 yrs

Yukio Suzuki

TITLE
Independent External Director
AGE
68
TENURE
4 yrs

Masatoshi Matsuzaki

TITLE
Independent External Director
AGE
68

Kosuke Nishimoto

TITLE
Independent External Director
AGE
60

Nobuhide Nakaido

TITLE
Independent Director
AGE
72
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Ichigo's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Ichigo has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ICHI.F News

Simply Wall St News

ICHI.F Company Info

Description

Ichigo Inc. owns and operates real estate properties in Japan. The company manages J-REIT and private equity real estate funds; and develops small-and mid-size assets and ground leases. It also acquires, manages, leases, and sells real estate properties; and manages wholesale market properties and shopping mall properties. In addition, the company produces and supplies clean energy; and provides engineering, consulting, and technical solutions. Further, it is involved in the building and operation of solar power plants. Additionally, it is involved in the planning, editing, developing, streaming, distributing, and import/export of printed and digital content; planning, developing, creating, streaming, and domestic and overseas distribution of films and content for streaming, TV, and other media; planning, developing, and distribution of scripts; planning, manufacturing, sale, and import/export of character-themed products, toys, household products, apparel, accessories, stationary, household electronics, shoes, and bags. The company was formerly known as Ichigo Group Holdings Co., Ltd. and changed its name to Ichigo Inc. in August 2015. Ichigo Inc. was founded in 2000 and is based in Tokyo, Japan.

Details
Name: Ichigo Inc.
ICHI.F
Exchange: OTCPK
Founded: 2000
¥1,528,113,971
484,079,930
Website: http://www.ichigo.gr.jp
Address: Ichigo Inc.
The Imperial Hotel Tower,
1-1-1, Uchisaiwaicho,
Tokyo,
100-0011,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 2337 Common Shares The Tokyo Stock Exchange JP JPY 11. Nov 2002
OTCPK ICHI.F Common Shares Pink Sheets LLC US USD 11. Nov 2002
Number of employees
Current staff
Staff numbers
202
Ichigo employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/25 23:55
End of day share price update: 2019/04/09 00:00
Last estimates confirmation: 2019/05/17
Last earnings filing: 2019/04/17
Last earnings reported: 2019/02/28
Last annual earnings reported: 2019/02/28


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.