Ichigo (2337) Stock Overview
Engages in real estate business in Japan. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 1/6 |
| Past Performance | 2/6 |
| Financial Health | 2/6 |
| Dividends | 4/6 |
Rewards
Risk Analysis
2337 Community Fair Values
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Analyst Price Targets
Ichigo Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | JP¥424.00 |
| 52 Week High | JP¥529.00 |
| 52 Week Low | JP¥347.00 |
| Beta | 0.0085 |
| 1 Month Change | -0.24% |
| 3 Month Change | -17.67% |
| 1 Year Change | 6.53% |
| 3 Year Change | 57.62% |
| 5 Year Change | 29.27% |
| Change since IPO | 253.33% |
Recent News & Updates
Analysis Article • Jul 19
Revenue Miss: Ichigo Inc. Fell 47% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models
Ichigo Inc. ( TSE:2337 ) shareholders are probably feeling a little disappointed, since its shares fell 2.7% to JP¥431...
Narrative Update • Jul 07
2337: Future Returns Will Rely On Buybacks And Improving Profitability
Analysts have raised their Ichigo price target from ¥415 to ¥475 after adjusting their models for a lower discount rate, revised revenue growth assumptions, a higher projected profit margin, and a slightly higher future P/E multiple. What’s in the News for Ichigo Ichigo reported June 2026 operating results, with total power generation of 18,051,388 kWh and total CO2 reduction of 7,782,822 kg, based on company disclosure.
Narrative Update • Jun 23
2337: Future Returns Will Balance Dividend Growth With Buybacks And Sponsorship Shift
Analysts have kept their ¥460 price target for Ichigo unchanged, citing only minor adjustments to the discount rate, revenue growth assumptions, profit margin, and future P/E in their updated models. What's in the News Ichigo has been actively repurchasing shares under the buyback announced on November 6, 2025, completing the repurchase of 22,284,000 shares, representing 5.48% of shares for ¥9,999.97 million, including 683,800 shares bought between June 1 and June 5, 2026 for ¥306.9 million.
Narrative Update • Jun 06
2337: Future Outlook Will Rely On Completed Buybacks And Rising Dividend Payouts
Ichigo's analyst price target remains at ¥490, with analysts citing slightly adjusted assumptions for the discount rate, revenue growth, profit margin, and future P/E ratio to support this unchanged view. What's in the News Ichigo has nearly completed its current ¥10b share buyback program, with over 21,600,000 shares already repurchased, tightening the share float and reflecting an active capital return policy ahead of the program's scheduled end in October 2026.Analysis Article • Jun 02
Ichigo's (TSE:2337) Profits Appear To Have Quality Issues
Ichigo Inc.'s ( TSE:2337 ) healthy profit numbers didn't contain any surprises for investors. We think this is due to...Recent updates
Analysis Article • Jul 19
Revenue Miss: Ichigo Inc. Fell 47% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models
Ichigo Inc. ( TSE:2337 ) shareholders are probably feeling a little disappointed, since its shares fell 2.7% to JP¥431...Narrative Update • Jul 07
2337: Future Returns Will Rely On Buybacks And Improving Profitability
Analysts have raised their Ichigo price target from ¥415 to ¥475 after adjusting their models for a lower discount rate, revised revenue growth assumptions, a higher projected profit margin, and a slightly higher future P/E multiple. What’s in the News for Ichigo Ichigo reported June 2026 operating results, with total power generation of 18,051,388 kWh and total CO2 reduction of 7,782,822 kg, based on company disclosure.Narrative Update • Jun 23
2337: Future Returns Will Balance Dividend Growth With Buybacks And Sponsorship Shift
Analysts have kept their ¥460 price target for Ichigo unchanged, citing only minor adjustments to the discount rate, revenue growth assumptions, profit margin, and future P/E in their updated models. What's in the News Ichigo has been actively repurchasing shares under the buyback announced on November 6, 2025, completing the repurchase of 22,284,000 shares, representing 5.48% of shares for ¥9,999.97 million, including 683,800 shares bought between June 1 and June 5, 2026 for ¥306.9 million.Narrative Update • Jun 06
2337: Future Outlook Will Rely On Completed Buybacks And Rising Dividend Payouts
Ichigo's analyst price target remains at ¥490, with analysts citing slightly adjusted assumptions for the discount rate, revenue growth, profit margin, and future P/E ratio to support this unchanged view. What's in the News Ichigo has nearly completed its current ¥10b share buyback program, with over 21,600,000 shares already repurchased, tightening the share float and reflecting an active capital return policy ahead of the program's scheduled end in October 2026.Analysis Article • Jun 02
Ichigo's (TSE:2337) Profits Appear To Have Quality Issues
Ichigo Inc.'s ( TSE:2337 ) healthy profit numbers didn't contain any surprises for investors. We think this is due to...Narrative Update • May 21
2337: Future Returns Will Balance Dividend Growth With Sports Sponsorship Shift
Analysts have revised their fair value estimate for Ichigo from ¥410 to ¥460, citing updated assumptions around discount rates, profit margins, and forward P/E expectations. What's in the News Ichigo plans to conclude its role as a J.League Top Partner when the current agreement expires on June 30, 2026, and will also end its J.League Shareholder Program, with the company indicating minimal earnings impact from these changes (Client Announcements).Narrative Update • May 02
2337: Future Outlook Will Rely On Buybacks And Dividend While Earnings Stay Balanced
Analysts have lifted their Ichigo price target from ¥420 to ¥490, citing updated assumptions for revenue growth, profit margins and a lower future P/E that together point to a higher assessed fair value. What's in the News Issued new consolidated earnings guidance for the full year ending February 28, 2027, including expected operating profit of ¥20,600 million, business profit of ¥34,000 million, net income of ¥18,000 million, cash net income of ¥24,000 million, net income per share of ¥45.13, and cash net income per share of ¥60.17 (Corporate guidance).Narrative Update • Apr 17
2337: Future Returns Will Rely On Buybacks Despite Weaker Earnings Quality
Analysts have maintained their Ichigo price target at ¥415, with updated expectations reflecting higher projected revenue growth, slightly lower profit margins, and a reduced future P/E assumption. What's in the News Issued consolidated earnings guidance for the full year ending February 28, 2027, including expected operating profit of ¥20,600 million, business profit of ¥34,000 million, net income of ¥18,000 million, cash net income of ¥24,000 million, and projected EPS of ¥45.13 and cash EPS of ¥60.17 (Corporate guidance).Narrative Update • Apr 03
2337: Future Returns Will Depend On Share Buybacks Despite Operating Risks
Analysts have kept their Ichigo price target steady at ¥415. This reflects largely unchanged assumptions on discount rate, revenue growth, profit margin, and future P/E.Narrative Update • Mar 20
2337: Future Outlook Will Rely On Buybacks Despite Weaker Profit Assumptions
Analysts have kept Ichigo's fair value estimate steady at ¥420, citing slightly lower revenue growth and profit margin assumptions, along with a higher future P/E expectation, as key reasons behind the unchanged price target. What's in the News Reported solar and wind power generation for the full year to February 2026 of 240,827,922 kWh compared with 234,662,770 kWh a year earlier, with monthly and second half figures also disclosed for investors tracking the energy portfolio (company announcement of operating results).Narrative Update • Mar 05
2337: Future Returns Will Rely On Expanded Share Buybacks Despite Risks
Analysts have maintained their price target for Ichigo at ¥415. They made small adjustments to their assumptions, including a slightly lower discount rate, a modestly different revenue growth outlook, a marginally adjusted profit margin view, and a revised future P/E input, all of which support this unchanged target.Narrative Update • Feb 19
2337: Future Outlook Will Balance Expanded Share Buybacks With Stable Power Generation
Analysts have modestly fine tuned their price target on Ichigo, keeping fair value around ¥420. They have adjusted assumptions on the discount rate, revenue growth, profit margin, and future P/E to reflect updated views on the company’s risk profile and earnings potential.Narrative Update • Feb 04
2337: Future Outlook Will Balance Expanded Buybacks With Steady Power Generation
Analysts now place Ichigo's fair value at ¥420, down from ¥430, reflecting updated assumptions that include slightly higher projected revenue growth, offset by a marginally lower profit margin and a small adjustment to future P/E expectations. What's in the News Ichigo increased its equity buyback authorization on January 14, 2026 by an additional 14,200,000 shares for ¥5,000m, taking the total program to 29,400,000 shares (7.11% of issued share capital excluding treasury stock).Narrative Update • Jan 21
2337: Fair Outlook Will Depend On Expanded Share Buybacks And Power Generation
Analysts have trimmed their price target on Ichigo from ¥420 to ¥415, reflecting updated assumptions around slightly higher expected revenue growth, a modestly lower profit margin, and a higher future P/E multiple. What's in the News Ichigo increased its equity buyback authorization by 14,200,000 shares for ¥5,000 million, bringing the total plan to 29,400,000 shares, or 7.11% of issued share capital excluding treasury stock.Narrative Update • Jan 06
2337: Stable Outlook Will Rely On Share Buybacks And Power Generation
Analysts are keeping their fair value estimate for Ichigo steady at ¥420, citing unchanged assumptions for discount rate, revenue growth, profit margin and future P/E. Together, these factors signal no material shift in their core outlook for the stock.Narrative Update • Dec 22
2337: Future Outlook Balances Slower Expansion With Modest Share Repurchase Support
Analysts have cut their price target on Ichigo from 570 yen to 430 yen, citing markedly slower expected revenue growth. This more than offsets slightly improved profit margins and a lower projected future price to earnings multiple.Narrative Update • Dec 08
2337: Share Buyback And Power Generation Trends Will Shape Outlook
Analysts have modestly reaffirmed their view on Ichigo, keeping the average price target effectively unchanged at 420 yen. This reflects their belief that steady revenue growth and stable profit margins continue to support the current valuation framework.Narrative Update • Nov 24
2337: Share Buyback And Stable Margins Will Shape Outlook Amid Lower Growth
Analysts have lowered their price target for Ichigo from ¥470 to ¥420. They cite notably reduced revenue growth expectations, while profit margins and discount rates remain relatively stable.Analysis Article • Nov 23
Ichigo (TSE:2337) Is Paying Out A Larger Dividend Than Last Year
Ichigo Inc.'s ( TSE:2337 ) dividend will be increasing from last year's payment of the same period to ¥11.50 on 26th of...Analysis Article • Nov 06
Ichigo's (TSE:2337) Upcoming Dividend Will Be Larger Than Last Year's
The board of Ichigo Inc. ( TSE:2337 ) has announced that it will be paying its dividend of ¥11.50 on the 26th of May...Analysis Article • Oct 28
Impressive Earnings May Not Tell The Whole Story For Ichigo (TSE:2337)
Ichigo Inc. ( TSE:2337 ) announced strong profits, but the stock was stagnant. We did some digging, and we found some...Analysis Article • Oct 16
Ichigo (TSE:2337) Is Paying Out A Larger Dividend Than Last Year
Ichigo Inc. ( TSE:2337 ) will increase its dividend from last year's comparable payment on the 26th of May to ¥11.50...Analysis Article • Aug 09
These 4 Measures Indicate That Ichigo (TSE:2337) Is Using Debt Extensively
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Jul 19
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...Analysis Article • Jul 16
Investors Aren't Entirely Convinced By Ichigo Inc.'s (TSE:2337) Earnings
When close to half the companies in Japan have price-to-earnings ratios (or "P/E's") above 14x, you may consider Ichigo...Analysis Article • Apr 23
We Think That There Are Issues Underlying Ichigo's (TSE:2337) Earnings
Ichigo Inc. ( TSE:2337 ) announced strong profits, but the stock was stagnant. Our analysis suggests that shareholders...Analysis Article • Apr 18
Ichigo Inc. Just Missed Revenue By 5.8%: Here's What Analysts Think Will Happen Next
Ichigo Inc. ( TSE:2337 ) came out with its full-year results last week, and we wanted to see how the business is...Analysis Article • Apr 06
Ichigo Inc.'s (TSE:2337) Shares Not Telling The Full Story
With a median price-to-earnings (or "P/E") ratio of close to 12x in Japan, you could be forgiven for feeling...Analysis Article • Mar 19
Here's Why Ichigo (TSE:2337) Has A Meaningful Debt Burden
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
New Narrative • Mar 13
Advancements In Clean Energy And Battery Storage Will Demonstrate A Commitment To Sustainability
Strong growth in the hotel segment and strategic real estate acquisitions in Tokyo are set to enhance revenue, earnings, and net margins.Analysis Article • Feb 19
Ichigo (TSE:2337) Is Increasing Its Dividend To ¥10.00
Ichigo Inc. ( TSE:2337 ) has announced that it will be increasing its dividend from last year's comparable payment on...Analysis Article • Dec 26
A Look At The Intrinsic Value Of Ichigo Inc. (TSE:2337)
Key Insights Using the 2 Stage Free Cash Flow to Equity, Ichigo fair value estimate is JP¥458 Ichigo's JP¥372 share...Analysis Article • Nov 04
Ichigo's (TSE:2337) Dividend Will Be Increased To ¥10.00
Ichigo Inc.'s ( TSE:2337 ) dividend will be increasing from last year's payment of the same period to ¥10.00 on 27th of...Analysis Article • Oct 22
Ichigo's (TSE:2337) Shareholders Have More To Worry About Than Only Soft Earnings
Despite Ichigo Inc.'s ( TSE:2337 ) recent earnings report having lackluster headline numbers, the market responded...Analysis Article • Oct 12
Ichigo's (TSE:2337) Dividend Will Be Increased To ¥10.00
Ichigo Inc. ( TSE:2337 ) will increase its dividend from last year's comparable payment on the 27th of May to ¥10.00...Analysis Article • Sep 23
Is Ichigo (TSE:2337) A Risky Investment?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Aug 19
Estimating The Fair Value Of Ichigo Inc. (TSE:2337)
Key Insights Ichigo's estimated fair value is JP¥461 based on 2 Stage Free Cash Flow to Equity Current share price of...Analysis Article • Jul 15
Revenue Beat: Ichigo Inc. Exceeded Revenue Forecasts By 106% And Analysts Are Updating Their Estimates
Shareholders of Ichigo Inc. ( TSE:2337 ) will be pleased this week, given that the stock price is up 11% to JP¥453...Analysis Article • Jul 12
Ichigo Inc.'s (TSE:2337) Price In Tune With Earnings
There wouldn't be many who think Ichigo Inc.'s ( TSE:2337 ) price-to-earnings (or "P/E") ratio of 16.4x is worth a...Analysis Article • May 24
Ichigo (TSE:2337) Use Of Debt Could Be Considered Risky
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Apr 23
Ichigo's (TSE:2337) Profits Appear To Have Quality Issues
The recent earnings posted by Ichigo Inc. ( TSE:2337 ) were solid, but the stock didn't move as much as we expected...Analysis Article • Apr 18
Ichigo Inc. Just Beat Revenue By 11%: Here's What Analysts Think Will Happen Next
A week ago, Ichigo Inc. ( TSE:2337 ) came out with a strong set of full-year numbers that could potentially lead to a...Analysis Article • Feb 26
Ichigo (TSE:2337) Has Announced A Dividend Of ¥8.00
The board of Ichigo Inc. ( TSE:2337 ) has announced that it will pay a dividend of ¥8.00 per share on the 29th of May...Shareholder Returns
| 2337 | JP Real Estate | JP Market | |
|---|---|---|---|
| 7D | -1.6% | -0.7% | 2.1% |
| 1Y | 6.5% | 17.3% | 35.2% |
Return vs Industry: 2337 underperformed the JP Real Estate industry which returned 17.3% over the past year.
Return vs Market: 2337 underperformed the JP Market which returned 35.2% over the past year.
Price Volatility
| 2337 volatility | |
|---|---|
| 2337 Average Weekly Movement | 3.8% |
| Real Estate Industry Average Movement | 3.8% |
| Market Average Movement | 4.3% |
| 10% most volatile stocks in JP Market | 9.3% |
| 10% least volatile stocks in JP Market | 2.1% |
Stable Share Price: 2337 has not had significant price volatility in the past 3 months compared to the JP market.
Volatility Over Time: 2337's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2000 | 729 | Takuma Hasegawa | www.ichigo.gr.jp |
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.
Ichigo Inc. Fundamentals Summary
| 2337 fundamental statistics | |
|---|---|
| Market cap | JP¥166.49b |
| Earnings (TTM) | JP¥17.18b |
| Revenue (TTM) | JP¥90.72b |
9.7x
P/E Ratio1.8x
P/S RatioIs 2337 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 2337 income statement (TTM) | |
|---|---|
| Revenue | JP¥90.72b |
| Cost of Revenue | JP¥61.49b |
| Gross Profit | JP¥29.23b |
| Other Expenses | JP¥12.05b |
| Earnings | JP¥17.18b |
Last Reported Earnings
May 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 43.75 |
| Gross Margin | 32.22% |
| Net Profit Margin | 18.94% |
| Debt/Equity Ratio | 290.4% |
How did 2337 perform over the long term?
See historical performance and comparisonDividends
3.7%
Current Dividend Yield26%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/25 19:35 |
| End of Day Share Price | 2026/07/24 00:00 |
| Earnings | 2026/05/31 |
| Annual Earnings | 2026/02/28 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
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 Github.
Analyst Sources
Ichigo Inc. is covered by 11 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Shinji Yoshida | CLSA |
| Junichi Shimizu | Deutsche Bank |
| Sang-woo Lee | Eugene Investment & Securities Co Ltd. |