Ichigo Group Holdings Co (ICHIF) Q2 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.071 -- 00:00:04.433 I'm Chuck Allen, Chairman of Ichigo. Thank you very much for joining today. 00:00:04.433 -- 00:00:09.835 I'm joined on my right, Ted Perdita, who is our lead independent director, 00:00:09.835 -- 00:00:14.837 and on my left by Dan Morisaku, who is a senior member of our finance 00:00:14.837 -- 00:00:20.019 team and head of our global IR. We're going to be going through the FY26-2, 00:00:20.019 -- 00:00:23.440 the February 2026 first half corporate presentation. 00:00:23.440 -- 00:00:26.561 That's in front of you. Thank you so much, everybody, for joining. 00:00:26.561 -- 00:00:29.233 We're really grateful for your time. 00:00:29.233 -- 00:00:35.055 let's start on page six one of the things you should know we changed 00:00:35.055 -- 00:00:39.978 and a name of one of our earnings classifications 00:00:39.978 -- 00:00:43.319 we were calling an all-in operating profit we've changed it to business profit there's 00:00:43.319 -- 00:00:46.560 no change in the definition of itself 00:00:46.560 -- 00:00:51.542 the reason we changed it is because we started doing this disclosure and I'll go into 00:00:51.542 -- 00:00:56.464 some more details a couple years ago and since then a number of big Japanese real estate 00:00:56.464 -- 00:01:01.196 firms have started using an equivalent disclosure, and they're calling it business profit. 00:01:01.196 -- 00:01:03.577 It just felt like 00:01:03.577 -- 00:01:07.800 it was easier for investors to use a similar naming scheme for it. 00:01:07.800 -- 00:01:11.623 There's also a little bit of by calling it all in, people thought it was possibly all 00:01:11.623 -- 00:01:14.305 in. Everything but the kitchen sink, it isn't. 00:01:14.305 -- 00:01:19.488 So we made a name change. So going forward, it's going to...