Ichigo Inc.
2337・Prime Market・Real Estate
Governance
The company has adopted a company-with-committees structure (nomination committee model). The board of directors consists of 10 members (6 outside directors, an outside director ratio of 60%), and in addition to the three statutory committees (nomination, audit, and compensation), a voluntary compliance committee has been established. The audit committee is composed of 3 outside directors only.
Risk Management
The company has established a Risk Management Department within the Corporate Headquarters, supervised by the Executive Officer in charge of the Corporate Headquarters. It has put in place a Compliance Committee, an internal whistleblowing system, a J-SOX framework, a system for excluding antisocial forces, and an insider trading prevention system, with the Audit Department responsible for internal audits. In the event of a crisis, a system is in place whereby the President and Executive Officer establishes a countermeasures headquarters.
Shareholder Returns
Continuing the Progressive Dividend Policy, the company has raised its DOE target from the previous 4% or higher to 5% or higher. The dividend forecast for FY2027 (ending February 2027) is ¥15.5 per share (up 35% year on year), a substantial increase. Flexible share buybacks have been conducted for 10 consecutive fiscal years.
Dividend Policy
The company has adopted a Progressive Dividend Policy under which DPS for each fiscal year is, in principle, either maintained or increased year on year, with no dividend cuts. It employs a "DOE Dividend Policy" based on DOE (dividend on equity) rather than the payout ratio. From the current consolidated fiscal year, the DOE target has been raised from the previous "4% or higher" to "5% or higher." The dividend forecast for FY2027 (ending February 2027) is ¥15.5 per share (¥0.00 at the end of the second quarter, ¥15.50 at year-end, totaling ¥15.50), representing a substantial increase of 35% year on year compared to the previous consolidated fiscal year. The actual result for FY2026 (ending February 2026) was ¥11.50 per share (total dividends of ¥4,623 million, dividend on net assets ratio of 28.7%).
ESG
Positioning itself as a "Sustainable Infrastructure Company," the company has joined RE100 with a target of achieving 100% renewable energy for its electricity consumption by 2025 (moved forward 15 years from the original 2040 target). Through its Shinchiku (Kenchiku) business, which utilizes and improves resource efficiency of existing real estate, and its clean energy business involving solar and wind power generation, the company addresses environmental challenges. It promotes sustainable management under its long-term VISION "Ichigo 2030."
Last updated: May 20, 2026