Ichigo : FY19/2 Q3 Corporate Presentation

© Ichigo Inc. All rights reserved.

FY19/2 Q3 Corporate Presentation

Ichigo (2337)

January 11, 2019

www.ichigo.gr.jp/en

Ichigo Preserves and Improves Real Estate

Contents

FY19/2 Q3 Earnings

• ‒ FY19/2 Q3 Summary

• ‒ Operating Profit +24%, Net Income +11%, EPS +12% (YOY)

• ‒ Segment Earnings Details

Powerful Value-Add Business Model Underpins Growth

• ‒ Business Model (1) Stock + Flow Earnings

• ‒ Business Model (2) Embedded Forward Earnings

• ‒ Business Model (3) Value-Add Drives Durable Value Growth

• ‒ Robust Financial Base

Building a Foundation for Sustainable Growth

• ‒ Core Business Growth

  •  Value-Add: Stock Earnings +41% Over 3 Years (+15% YOY)

  •  Value-Add: THE KNOT +20~60% ADR

  •  Clean Energy: Scaling Rapidly (In-Development Plants +78%)

  •  Clean Energy: Wind Power Expansion

  •  AM: Ichigo Hotel REIT - First No Fixed Fee J-REIT

• ‒ New Business Entry

  •  Hotel AI Revenue Management System

  •  Smart Agriculture

  •  Ichigo Sustainable Lab

• ‒ Share Buyback (JPY 381)

Appendices ‒ Financial & Real Estate Data ‒ Power Up 2019 Mid-Term Business Plan

FY19/2 Q3 Earnings