Ichigo (TSE:2337) EBIT: 円28,846 Mil (TTM As of Feb. 2026)


TSE:2337 Ichigo Inc TSE:2337
86 GF Score
Price 円435.00
GF Value 円477.79
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Ichigo EBIT?

Ichigo TSE:2337 +2.35% 86 EBIT is 円28,846 Mil as of Feb. 2026. GuruFocus rates TSE:2337 with a GF Score™ of 86/100 and a GF Value™ of 円477.79 (Fairly Valued). The stock has 3 warning signs investors should review.

Ichigo's earnings before interest and taxes (EBIT) for the three months ended in Feb. 2026 was 円9,911 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2026 was 円28,846 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ichigo's annualized ROC % for the quarter that ended in Feb. 2026 was 10.72%. Ichigo's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 11.52%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ichigo's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 6.81%.


Ichigo  (TSE:2337) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Ichigo's annualized ROC % for the quarter that ended in Feb. 2026 is calculated as:

ROC % (Q: Feb. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Nov. 2025 ) + Invested Capital (Q: Feb. 2026 ))/ count )
=58784 * ( 1 - 29.41% )/( (389673 + 384541)/ 2 )
=41495.6256/387107
=10.72 %

where

Note: The Operating Income data used here is four times the quarterly (Feb. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Ichigo's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Feb. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Nov. 2025  Q: Feb. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=39644/( ( (174783 + max(170108, 0)) + (166035 + max(177108, 0)) )/ 2 )
=39644/( ( 344891 + 343143 )/ 2 )
=39644/344017
=11.52 %

where Working Capital is:

Working Capital(Q: Nov. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3931 + 164794 + 11591) - (2522 + 0 + 7686)
=170108

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4079 + 176904 + 8246) - (6040 + 0 + 6081)
=177108

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Feb. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Ichigo's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Feb. 2026 )
=28846/423807.457
=6.81 %

* 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 EBIT Related Terms


Ichigo EBIT Historical Data

* Premium members only.

The historical data trend for Ichigo's EBIT 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 EBIT Chart

Ichigo Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11,936.00 16,399.00 20,311.00 24,853.00 28,846.00

Ichigo Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
EBIT 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 9,301.00 4,515.00 10,418.00 4,002.00 9,911.00

TSE:2337 vs CBRE, BEKE: EBIT Comparison

For the Real Estate Services subindustry, Ichigo's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ichigo EV-to-EBIT vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Ichigo's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Ichigo's EV-to-EBIT falls into.


TSE:2337
86GF Score
Ichigo Inc TSE:2337
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ichigo EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Feb. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円28,846 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of 円28,846 Mil mean?
Ichigo (TSE:2337) has a EBIT of 円28,846 Mil as of Feb. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Ichigo.
Is Ichigo's EBIT too high?
Ichigo's current EBIT is 円28,846 Mil. Overall, Ichigo has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ichigo's EBIT compare to CBRE and BEKE?
Ichigo's EBIT of 円28,846 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 EBIT for a Real Estate company?
A good EBIT depends on the Real Estate industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Ichigo. Ichigo's current EBIT is 円28,846 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 Fairly Valued. The stock's GF Value™ is 円477.79, compared to a current price of 円435.00 — trading 9% below its estimated fair value. The current EBIT is 円28,846 Mil. Ichigo's overall GF Score™ is 86/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Ichigo (TSE:2337), the current EBIT is 円28,846 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435.00 is trading 9% below its estimated GF Value™ of 円477.79. GuruFocus considers Ichigo to be Fairly Valued.

Key valuation signals for TSE:2337:

  • EBIT: 円28,846 Mil
  • GF Value™: 円477.79 vs. price of 円435.00 (9% below fair value)
  • GF Score™: 86/100 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.
86GF Score

Get the complete analysis for TSE:2337

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

円435.00
Price
円477.79
GF Value