Ichigo sells seven residential assets for JPY 9.8 bn

Ichigo Inc. announced that its wholly-owned subsidiary, Ichigo Owners, has sold seven residential assets for a total of JPY 9.8 billion. Concurrently, Ichigo Realty Management (IRM), another wholly-owned subsidiary, has established a private equity real estate fund for third-party, long-term domestic investors to provide asset management services for these assets.

The sale is part of Ichigo Owners' strategy to acquire and lease high-quality, newly-built residential assets, primarily in central Tokyo. The company sold some of its fully-leased properties in central Tokyo and the greater Tokyo area to a fund owned by multiple domestic investors, ensuring a stable ongoing earnings stream.

Ichigo expects to record the JPY 9.8 billion sale as revenue in its FY26/2 Q3, a figure already incorporated into its consolidated earnings forecast. The buyer is a Japanese fund that wishes to remain undisclosed and has no material capital or personnel relationship with Ichigo.