Ichigo's Full-Year Net Income Rises 9.5%

MT Newswires Live04-14

Ichigo's (TYO:2337) net income rose 9.5% to 16.6 billion yen for the fiscal year ended Feb. 28 from 15.2 billion yen a year earlier.

The real estate company's net income per share increased to 40.01 yen from 34.79 yen a year ago, according to a Tokyo bourse filing on Tuesday.

Revenue jumped 11% to 92.7 billion yen from 83.6 billion yen in the prior year.

For the fiscal year ending Feb. 28, 2027, the company expects attributable profit of 18 billion yen, net income per share of 45.13 yen, and operating profit of 20.6 billion yen.

In a separate filing, Ichigo raised its Dividend on Equity (DOE) target from over 4% to over 5%.

In line with this higher target, the company forecasts to pay a year-end dividend of 15.50 yen per share for the current year, which is higher than the 11.50 yen per share paid in the year-ago period.

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