1. Japan Stocks

  2. •

    Industrials

  3. •

    Rental & Leasing Services
Ichinen Holdings Co., Ltd.

Ichinen Holdings Co., Ltd.

ICHHF
Ichinen Holdings Co., Ltd.US flagOther OTC
8.66
USD
- -
- -
205.05MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2,279.47
2,689.02
2,850.46
2,978.38
3,232.05
3,308.26
3,568.22
4,017.22
4,634.82
5,007.07
5,321.98
5,748.34
6,522.6
3,106.82
Basic EPS, GAAP
91.4
117.8
149.45
146.48
154.09
156.43
208.43
180.12
124.08
234.33
246.61
509.46
280.28
379.58
Free Cash Flow per Basic Share
-109.61
-76.73
11.09
45.88
-111.84
-17.85
-71.63
-101.62
11.4
109.86
39.43
152.51
79.49
- -
Dividend per Share
18.96
22.98
27
31.99
34.14
36.99
37.97
40
45.97
43
47.96
54.97
63.24
- -
Book Value per Share
488.61
583.48
702.88
860.74
871.55
1,096.03
1,266.46
1,407.89
1,501.92
1,690.41
1,893.81
2,345.69
2,592.83
2,475.63
Tangible Book Value per Share
439.43
548.89
686.22
775.38
905.01
1,039.08
1,183.36
1,323.81
1,569.17
1,754.7
1,954.43
2,480.98
2,706.51
2,577.86
Basic Weighted Avg Shares
25
25
25
25
25
25
25
25
24
24
24
24
24
24
Sales/Revenue/Turnover
57,335
67,636
71,696
74,845
79,704
81,379
87,773
98,715
112,618
120,644
127,822
138,253
154,920
74,728
Operating Margin (%)
11.62
11.69
12.18
12.21
7.17
7.28
7.15
6.97
6.68
7.15
6.94
6.55
6.64
6.45
Depreciation Expense
7,854
9,024
9,789
11,099
12,848
13,537
14,068
14,802
16,141
17,185
17,488
18,101
18,897
1,071
Net Income, GAAP
2,299
2,963
3,759
3,681
3,800
3,848
5,127
4,426
3,015
5,646
5,923
12,253
6,657
9,130
Effective Tax Rate (%)
42.84
41.58
28.41
35.05
35.61
35.85
30.71
34.03
38.26
34.85
34.06
19.68
34.71
15.63
Profit Margin (%)
4.01
4.38
5.24
4.92
4.77
4.73
5.84
4.48
2.68
4.68
4.63
8.86
4.3
12.22
Working Capital
-8,381
1,441
3,607
-8,295
1,447
-2,584
8,822
10,612
8,381
19,177
19,220
31,438
39,408
43,179
LT Debt
24,684
37,834
36,665
33,920
45,831
42,315
54,983
59,979
58,750
68,883
62,801
74,388
78,482
83,265
Total Equity
16,628
19,275
22,882
24,214
26,782
30,137
33,797
36,915
39,705
43,671
48,373
61,005
65,393
63,345
Return on Invested Capital (%)
5.61
6.13
7.89
6.87
3.84
3.8
4.08
3.85
3.54
3.99
4.01
4.55
3.85
2.43
Return on Capital (%)
3.92
4.49
5.33
4.65
4.27
4.12
5.04
3.91
2.42
4.2
4.27
8.05
4.07
5.68
Return on Common Equity (%)
20.2
21.98
23.24
18.73
17.62
15.88
17.64
13.46
8.48
14.62
13.74
24.05
11.28
16.98

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
33,170
- -
30,123
LT Borrowings
74,381
- -
83,188
LT Finance Leases
7
- -
77
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
24
- -
24
Market Capitalization
- -
- -
29,941

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
94,997
- -
100,064
Cash, Cash Equivalents & STI
37,287
- -
47,851
Accounts Receivable, Net
24,281
- -
20,873
Inventories
23,433
- -
21,821
Total Current Liabilities
63,559
- -
56,885
Payables & Accruals
- -
- -
- -
ST Debt
33,170
- -
30,123
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.19%
12.32%
7.19%
Free Cash Flow
115.22%
183.82%
-48.53%
Net Income, GAAP
14.35%
24.3%
-45.67%
Sales/Revenue/Turnover
8.07%
9.48%
12.06%
Total Cash Common Dividend
8.51%
9.19%
13.62%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
32,010
31,515
37,117
37,611
138,253
2025
- -
- -
- -
- -
154,920
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
65.82
- -
- -
- -
509.46
2025
- -
- -
- -
- -
280.28
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
54.97
2025
- -
- -
- -
- -
63.24
2026
- -
- -
- -
- -
- -

Company Description

MCPAPIChat
CEO
Masashi Kuroda
Full Time Employees
2,031
Sector
Industrials
Industry
Rental & Leasing Services
Address
4-10-6 Nishinakajima Osaka Japan 541-0056
IPO Date
Nov 14, 2022
Website
ichinenhd.co.jp
Similar Companies
Pony AI Inc. American Depositary Shares (PONY)
Multi Ways Holdings Limited (MWG)
FTAI Aviation Ltd. (FTAIO)
Hertz Global Holdings, Inc. (HTZWW)
OppFi Inc. WT (OPFI-WT)
Barloworld Limited (BRRAY)
Business
Ichinen Holdings Co., Ltd. (TSE:9619) serves as a pure holding company overseeing a diversified group of businesses primarily in Japan, encompassing automotive leasing and related services; chemical manufacturing for power, iron, steel, machinery, equipment, industrial, and household applications; parking lot management including coin-operated and client facilities for supermarkets, hospitals, and idle land; machine tool sales covering automotive maintenance tools, air conditioning tools, and measuring instruments; synthetic resin production and sales of raw materials alongside custom-designed products; and agribusiness involving agricultural product production, fertilizer manufacturing and sales, and import of industrial raw materials. The company, founded in 1930 and headquartered at 4-10-6 Nishinakajima, Yodogawa-ku, Osaka, Japan, operates through independent affiliates that manage daily operations while the holding company provides strategic oversight, with a focus on delivering high-quality services across these segments to industrial, commercial, and consumer customers nationwide. In recent developments, Ichinen Holdings completed the acquisition of Marui Industrial Co., Ltd. from Next Capital Partners in October 2023 to bolster its synthetic resin and ASEAN market expansion through synergies with Marui's Thai operations and resin molded products; it further acquired the Glass Product Manufacturing and Sales Business of Nisseki Glass Kogyo Co., Ltd. for ¥185 million in March 2025, enhancing its processed glass offerings previously noted in group activities. These strategic moves align with ongoing efforts to strengthen business foundations, adapt to market demands such as electric vehicle shifts, and contribute to shareholder value amid reported financial results including increased net interest income for the half-year ending June 2025 and a credit rating affirmation of A- with stable outlook in December 2025.