Ichigo Inc (TSE:2337)

円 366 -4 (-1.08%) Market Cap: 159.52 Bil Enterprise Value: 369.96 Bil PE Ratio: 18.02 PB Ratio: 1.49 GF Score: 80/100

Q3 2021 Ichigo Inc Earnings Call Transcript

Jan 13, 2021 / NTS GMT

Release Date Price: 円312 (+3.31%)

Transcript

Scott Anderberg Callon

Ichigo Inc. - Chairman & Representative Statutory Executive Officer

Hi, everybody. This is Scott Callon. Thank you so much for joining. I'm in a mask with a few colleagues here. So hopefully, you can hear me through the muffled mask. I'm working off of a presentation that's on our website, FY '21/2 Q3 corporate presentation. So let's go to it.

Starting on Page 8. You can see the summary of activities year-to-date. It's been a very tough year. Despite that, everything that's going on in the world, we continue to have a very durable earnings model with our stock earnings running at about double our fixed expenses. We continue to be structurally profitable.

Stock earnings. So those are -- they're relatively fixed contractually, earnings that are core of our business. The drop-off in sustainable real estate is affected entirely from hotel, rental income having fallen off. The drop-off in asset management is again [pieced] off of our hotel REIT. And we have an uptick in clean energy, which continues to grow pretty well.

We did a first time ever in Japan for

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