First-corporation Inc.

1430・Standard Market・Construction

Official website

First-corporation Inc.

1430・Standard Market・Construction

Official website

First-corporation Inc.1430

Reference Indicators

Market Cap

136¥100M

P/E (Forecast)

6.0x

P/B

1.1x

Dividend Yield (Forecast)

5.01%

ROE

18.0%

EV/EBITDA

8.0x

Financial Summary

Unit: ¥M

Item	2022May 2022	2023May 2023	2024May 2024	2025May 2025	2026May 2026
Net Sales	30,178	25,543	28,485	43,194	36,417
Cost of Sales	27,006	22,155	25,622	38,996	31,725
Gross Profit	3,172	3,387	2,862	4,197	4,692
SG&A Expenses	1,252	1,404	1,409	1,617	1,796
Operating Income	1,919	1,983	1,453	2,579	2,896
Non-operating Income	21	30	17	13	21
Non-operating Expenses	49	34	48	114	227
Ordinary Income	1,891	1,979	1,422	2,478	2,689
Extraordinary Losses	37	—	44	16	—
Pre-tax Income	1,854	1,979	1,377	2,461	2,689
Income Taxes	585	614	432	792	807
Net Income	1,269	1,364	944	1,669	1,882
EBITDA	1,925	1,996	1,471	2,591	2,909
Gross Margin	10.5%	13.3%	10.1%	9.7%	12.9%
Operating Margin	6.4%	7.8%	5.1%	6.0%	8.0%
ROA	7.1%	6.4%	4.0%	6.7%	5.8%
ROE	19.2%	18.4%	11.5%	18.3%	18.0%

Segment Performance

Unit: ¥M

2025

Segment	Net Sales	Operating Income	Operating Margin
建設事業	22,641	1,740	7.7%
不動産事業	20,274	2,187	10.8%
その他	278	-234	-84.2%