Ichigo Group Holdings Co (ICHIF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi, everybody. I'm Scott Callan, chairman of Ichigo. Thank you so much for joining today's presentation. I'm joined on my right by Dan Morisaku, who is a senior member of the finance team and the global head of IR. We're going off of the FY26-2 Q1 corporate presentation. Thank you so much, everyone, for joining us today. It's just a single quarter. And if we're all lucky, I will speak shorter rather than longer today because it's just three months. The quarter itself was light, all in OP and cash EPS. Those are the two major KPIs you should be monitoring us for. We're down 20% and down 12% respectively. Nonetheless, things are very good. We're on track for record full year earnings. You can see the progress better in our stock earnings that are up plus 12% year-on-year. We expect record stock earnings this year. That's 26% progress versus the full-year forecast. Full earnings were down 45% year-on-year. Nonetheless, we expect to have record earnings in the flow area also on accelerated asset sales from Q2 onwards. Hotels continue to be very strong. All in OP is up 40%, 47% year on year, despite having two hotels closed for rebounding as the not as you know, that is our boutique lifestyle hotel that that will drive a significant increase in earnings at that hostels also so a lot of things in progress going to be very positive. In clean energy we're preparing battery storage entry, we expect to do that within the next year. And we've got a share buyback of 5 billion yen in progress, right now we completed about 60% of it, if we do the maximum amount of shares will be 4% of shares outstanding. Again, headline is OP all in OP down 20% cash ups down 12. As you know, we do have cash earnings, rather than accounting earnings or cash earnings or 1.6 times accounting earnings...