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Ichigo's Net Income Jumps 24% in Fiscal Q1

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Ichigo's (TYO:2337) net income surged 24% to 2.88 billion yen for the fiscal first quarter from 2.33 billion yen a year earlier.

The renewable energy company's net income per share increased to 7.24 yen from 5.51 yen a year ago, according to a Tokyo bourse filing on Wednesday.

Revenue dropped 16% to 10.5 billion yen for the three months ended May 31 from 12.5 billion yen in the prior year.

For the fiscal year ending Feb. 28, 2027, the company expects net income of 18 billion yen, net income per share of 45.13 yen, and operating profit of 20.6 billion yen.

Ichigo plans to pay a year-end dividend of 15.5 yen per share for the year, which is higher than the 11.5 yen per share paid in the year-ago period.

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