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Finance

Ichigo Office REIT Investment Corp.

Business Summary

Ichigo Office REIT Investment Corp. engages in the real estate investment trust business that focuses on mid-size offices. Its real estate properties are mainly in the Tokyo Metropolitan area. The company was founded on June 23, 2005 and is headquartered in Tokyo, Japan.

Financial Highlights

Oct 2021 JPYUSD
Revenue15,569.01M143.90M
Gross Profit8,103.80M74.90M
Operating income7,886.10M72.89M
Income before tax6,323.66M58.45M
Net income6,322.45M58.44M
EBITDA9,643.97M89.14M
Diluted EPS4,177.7438.61
Dividends Per Share4,31739.90
Total Assets227,653.07M1,996.51M
Total liabilities125,231.23M1,098.27M
Total equity102,421.83M898.24M
Operating cash flow8,518.44M78.73M
Currency in JPYCurrency in USD

Historical Data

 Oct 2017Oct 2018Oct 2019Oct 2020Oct 2021
Revenue 19,335.73M 21,099.53M 21,670.21M 18,571.06M 15,569.01M
Gross Profit 11,271.10M 9,355.50M 9,134.80M 8,820.76M 8,103.80M
Operating income 5,401.23M 7,348.19M 7,253.62M 8,473.95M 7,886.10M
Income before tax 5,412.86M 7,423.62M 7,287.98M 6,889.98M 6,323.66M
Net income 5,411.65M 7,422.41M 7,286.77M 6,888.77M 6,322.45M
EBITDA 8,748.42M 10,702.80M 10,572.96M 10,151.37M 9,643.97M
Diluted EPS 3,531.75 4,844.01 4,755.48 4,495.74 4,177.74
Dividends Per Share 3,853 3,978 4,405 4,393 4,317
Total Assets 217,585.51M 221,807.25M 225,898.24M 226,980.58M 227,653.07M
Total liabilities 115,823.87M 118,589.91M 121,935.46M 122,737.77M 125,231.23M
Total equity 101,761.64M 103,217.33M 103,962.77M 104,242.80M 102,421.83M
Operating cash flow 12,728.01M 13,696.26M 14,176.63M 10,739.24M 8,518.44M
 Oct 2017Oct 2018Oct 2019Oct 2020Oct 2021
Revenue 172.59M 191.01M 197.67M 172.63M 143.90M
Gross Profit 100.60M 84.69M 83.32M 81.99M 74.90M
Operating income 48.21M 66.52M 66.16M 78.77M 72.89M
Income before tax 48.31M 67.20M 66.48M 64.04M 58.45M
Net income 48.30M 67.19M 66.46M 64.03M 58.44M
EBITDA 78.09M 96.89M 96.44M 94.36M 89.14M
Diluted EPS 31.52 43.85 43.37 41.79 38.61
Dividends Per Share 34.39 36.01 40.18 40.83 39.90
Total Assets 1,914.85M 1,965.41M 2,089.61M 2,171.23M 1,996.51M
Total liabilities 1,019.30M 1,050.81M 1,127.93M 1,174.07M 1,098.27M
Total equity 895.55M 914.60M 961.68M 997.15M 898.24M
Operating cash flow 113.61M 123.99M 129.31M 99.82M 78.73M

Valuation Measures

Oct 2021
PER20.65
ROA2.78%
ROE6.11%
Operating margin50.65%
Profit margin40.60%

Key executives

  • Executive Officer: Yoshihiro Takatsuka
  • Supervisory Officer: Takaaki Fukunaga
  • Supervisory Officer: Masahiro Terada

Shareholders

  • Ichigo Asset Management International Pte Ltd. (21.8%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (8.9%)
  • Tokio Marine Asset Management Co., Ltd. (3.9%)
  • Daiwa Asset Management Co. Ltd. (3.8%)
  • Asset Management One Co., Ltd. (3.6%)
  • Nomura Asset Management Co., Ltd. (3.4%)
  • BlackRock Fund Advisors (2.8%)
  • The Vanguard Group, Inc. (2.5%)
  • Nikko Asset Management Co., Ltd. (2.2%)
  • LaSalle Investment Management Securities LLC (2.2%)

Contact Details

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Competitors

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