Investor Presentaiton
Power Up 2019 Achievement Details (1)
Beat All KPI Targets
3-Year Growth: OP +60%, RP +66%, NI +19%*
*
Ichigo's effective tax rate normalized from FY16/2's 6.9% to FY19/2's 31.8%, so NI grew less than OP.
(JPY million)
FY16/2 (Actual)
(Shift Up 2016) (A)
FY19/2 (Actual)
(Power Up 2019) (B)
(B) - (A)
FY19/2 (Plan)
(Power Up 2019)
vs. Plan
Operating Profit
1
16,387
26,279
+60.4%
25,000
105.1%
Recurring Profit
13,889
23,076
+66.1%
21,400
107.8%
Net Income
EPS
Dividend
ROE
Stock Earnings/
Fixed Expenses
12,925
15,373
+18.9%
14,800
103.9%
JPY 25.86
JPY 31.14
+20.4%
JPY 29.00
107.4%
JPY 3
JPY 7
+133.3%
21.0%²
(Post-Tax)
16.3%
15.3%
223.3%
239.6%
JPY 7
100.0%
15.6%
191.4%
1 From FY19/2, SPC-related non-recourse loan interest expenses are accounted as Fixed Non-Operating Expenses rather than COGS.
FY16/2 Operating Profit has been restated using this new accounting treatment to facilitate an accurate YOY comparison.
- 2 At Ichigo's FY19/2's normalized 31.8% tax rate, FY16/2 ROE would have been 15.3%.
ICHIGO
O Ichigo Inc. All rights reserved.
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