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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 2019 JPYUSD
Revenue21,670.21M197.67M
Gross Profit9,134.80M83.32M
Operating income7,253.62M66.16M
Income before tax7,287.98M66.48M
Net income7,286.77M66.46M
EBITDA10,572.96M96.44M
Diluted EPS4,755.4843.37
Dividends Per Share4,40540.18
Total Assets225,898.24M2,089.61M
Total liabilities121,935.46M1,127.93M
Total equity103,962.77M961.68M
Operating cash flow14,176.63M129.31M
Currency in JPYCurrency in USD

Historical Data

 Oct 2015Oct 2016Oct 2017Oct 2018Oct 2019
Revenue 31,009.04M 17,733.62M 19,335.73M 21,099.53M 21,670.21M
Gross Profit 8,661.58M 10,673.33M 11,271.10M 9,355.50M 9,134.80M
Operating income 2,946.48M 5,033.75M 5,401.23M 7,348.19M 7,253.62M
Income before tax 2,559.26M 4,946.55M 5,412.86M 7,423.62M 7,287.98M
Net income 2,558.05M 4,945.34M 5,411.65M 7,422.41M 7,286.77M
EBITDA 6,719.76M 8,371.39M 8,748.42M 10,702.80M 10,572.96M
Diluted EPS 1,944.70 3,375.76 3,531.75 4,844.01 4,755.48
Dividends Per Share 3,309 3,644 3,853 3,978 4,405
Total Assets 184,792.35M 210,951.55M 217,585.51M 221,807.25M 225,898.24M
Total liabilities 91,536.86M 108,737.50M 115,823.87M 118,589.91M 121,935.46M
Total equity 93,255.48M 102,214.04M 101,761.64M 103,217.33M 103,962.77M
Operating cash flow 23,712.78M 10,900.24M 12,728.01M 13,696.26M 14,176.63M
 Oct 2015Oct 2016Oct 2017Oct 2018Oct 2019
Revenue 257.61M 160.76M 172.59M 191.01M 197.67M
Gross Profit 71.95M 96.75M 100.60M 84.69M 83.32M
Operating income 24.47M 45.63M 48.21M 66.52M 66.16M
Income before tax 21.26M 44.84M 48.31M 67.20M 66.48M
Net income 21.25M 44.83M 48.30M 67.19M 66.46M
EBITDA 55.82M 75.88M 78.09M 96.89M 96.44M
Diluted EPS 16.15 30.60 31.52 43.85 43.37
Dividends Per Share 27.49 33.03 34.39 36.01 40.18
Total Assets 1,531.32M 2,007.43M 1,914.85M 1,965.41M 2,089.61M
Total liabilities 758.54M 1,034.75M 1,019.30M 1,050.81M 1,127.93M
Total equity 772.78M 972.67M 895.55M 914.60M 961.68M
Operating cash flow 196.99M 98.81M 113.61M 123.99M 129.31M

Valuation Measures

Oct 2019
PER23.36
ROA3.25%
ROE7.03%
Operating margin33.47%
Profit margin33.62%

Key executives

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

Shareholders

  • Ichigo Asset Management International Pte Ltd. (22.4%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (8.3%)
  • Asset Management One Co., Ltd. (4.9%)
  • Nissay Asset Management Corp. (4.7%)
  • Daiwa Asset Management Co. Ltd. (3.1%)
  • BlackRock Fund Advisors (2.7%)
  • Nikko Asset Management Co., Ltd. (2.6%)
  • Nomura Asset Management Co., Ltd. (2.6%)
  • Mitsubishi UFJ Kokusai Asset Management Co., Ltd. (1.8%)
  • BlackRock Japan Co., Ltd. (1.3%)

Contact Details

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