Ichigo (TSE:2337) Construction In Progress: 円7,075 Mil (As of Feb. 2026)


TSE:2337 Ichigo Inc TSE:2337
87 GF Score
Price 円432.00
GF Value 円478.62
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Ichigo Construction In Progress?

Ichigo TSE:2337 -1.82% 87 Construction In Progress is 円7,075 Mil as of Feb. 2026. GuruFocus rates TSE:2337 with a GF Score™ of 87/100 and a GF Value™ of 円478.62 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Ichigo's quarterly construction in progress declined from Aug. 2025 (円8,773 Mil) to Nov. 2025 (円8,598 Mil) and declined from Nov. 2025 (円8,598 Mil) to Feb. 2026 (円7,075 Mil).

Ichigo's annual construction in progress increased from Feb. 2024 (円4,112 Mil) to Feb. 2025 (円6,443 Mil) and increased from Feb. 2025 (円6,443 Mil) to Feb. 2026 (円7,075 Mil).

Ichigo Construction In Progress Historical Data

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The historical data trend for Ichigo's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ichigo Construction In Progress Chart

Ichigo Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,530.00 2,929.00 4,112.00 6,443.00 7,075.00

Ichigo Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6,443.00 7,738.00 8,773.00 8,598.00 7,075.00
TSE:2337
87GF Score
Ichigo Inc TSE:2337
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Ichigo Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of 円7,075 Mil mean?
Ichigo (TSE:2337) has a Construction In Progress of 円7,075 Mil as of Feb. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Ichigo and its competitors.
Is Ichigo's Construction In Progress too high?
Ichigo's current Construction In Progress is 円7,075 Mil. Overall, Ichigo has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ichigo's Construction In Progress compare to CBRE and BEKE?
Ichigo's Construction In Progress of 円7,075 Mil can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Real Estate company?
A good Construction In Progress depends on the Real Estate industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Ichigo and its competitors. Ichigo's current Construction In Progress is 円7,075 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ichigo stock overvalued right now?
Based on GuruFocus' analysis, Ichigo (TSE:2337) is currently considered Modestly Undervalued. The stock's GF Value™ is 円478.62, compared to a current price of 円432.00 — trading 9.7% below its estimated fair value. The current Construction In Progress is 円7,075 Mil. Ichigo's overall GF Score™ is 87/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Ichigo (TSE:2337), the current Construction In Progress is 円7,075 Mil as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ichigo (TSE:2337) Overvalued in 2026?

Based on GuruFocus' analysis, Ichigo stock appears to be undervalued. The current stock price of 円432.00 is trading 9.7% below its estimated GF Value™ of 円478.62. GuruFocus considers Ichigo to be Modestly Undervalued.

Key valuation signals for TSE:2337:

  • Construction In Progress: 円7,075 Mil
  • GF Value™: 円478.62 vs. price of 円432.00 (9.7% below fair value)
  • GF Score™: 87/100 with 3 warning signs

No single metric tells the full story. See the TSE:2337 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ichigo Business Description

Address 2-6-1 Marunouchi, 17th Floor, The Imperial Hotel Tower, Chiyoda-ku, Tokyo, JPN, 100-0011
Ichigo Inc is a Japanese real estate owner and operator, and clean energy producer. It manages several real estate investment trusts and operates solar plants across Japan. REIT opportunities include midsize hotel and office properties. Revenue is generated through fees via the management of the Ichigo REIT and private funds, and other fee-generating real estate services related to sourcing, financing, operation, property management, facility management, and disposition of real estate assets. Additional income is generated through the sale of properties and rental income. Clean Energy services involve the production of mega solar power.
87GF Score

Get the complete analysis for TSE:2337

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円432.00
Price
円478.62
GF Value