TOKYO--(BUSINESS WIRE)--Ichigo Inc. (“Ichigo”) (JASDAQ:2337), a Japanese real estate owner/operator and clean energy producer received approval from the Tokyo Stock Exchange (TSE) today to move to the TSE First Section on November 17, 2015. As announced in its Shift Up 2016 Mid-Term Business Plan on January 10, 2014, one of Ichigo’s objectives has been to move its listing from JASDAQ to the Tokyo Stock Exchange’s First Section by Ichigo’s February 2016 fiscal year-end.
As one way of expressing the company’s heartfelt thanks to its shareholders, Ichigo has decided to pay a special dividend of 1 yen per share in addition to a 2 yen ordinary dividend, thus increasing the FY16/2 dividend by 50% to 3 yen per share.
Ichigo states in its release, “We at Ichigo would like to express our sincere gratitude to all of our shareholders, tenants, and business partners for their support in making this possible. We look forward to continuing to build upon our record of trust as a shareholder-owned public company. Ichigo exists to serve our tenants and society, create value for shareholders, and be trusted stewards of the environment.”
For details, please refer to today’s releases “Tokyo Stock Exchange First Section Listing Approval” and “FY16/2 Dividend Forecast Revision (Tokyo Stock Exchange First Section Listing Special Dividend)” announced by Ichigo.
“Ichigo” comes from an ancient Japanese proverb, Ichigo Ichie, literally meaning “One lifetime, one encounter.” Ichigo’s three key businesses are Value-Add, in which Ichigo acquires and improves mid-sized, prime location real estate; Asset Management including managing the Tokyo Stock Exchange-listed Ichigo Office REIT (8975); and Clean Energy, in which Ichigo builds and operates solar power plants on disused land nationwide.