First-corporation Inc.
1430・Standard Market・Construction
Governance
A company with an Audit and Supervisory Committee. The Board of Directors comprises 9 members (of which 5 are outside directors, an outside director ratio of approximately 55.6%). The Board of Directors met 22 times during the fiscal year under review. The company has established a voluntary Nomination Review Meeting and Compensation Review Meeting, each composed of 2 outside directors and the President and Representative Director.
Risk Management
The President and Representative Director serves as the officer responsible for risk countermeasures, with a Compliance and Risk Management Committee convened quarterly to manage and monitor risks. Risk management regulations have been established, and the internal audit department coordinates with the Audit and Supervisory Committee to audit the management status of various risks. Advisory agreements with external experts in legal, tax, and labor affairs have also been put in place.
Shareholder Returns
The basic policy targets a consolidated payout ratio of 30%. The year-end dividend for FY2026 (ending May 2026) is ¥48 per share (total dividends of ¥609 million, payout ratio of 30.5%). For FY2027 (ending May 2027), a dividend of ¥51 per share is forecast. Share repurchases are minor (¥42 thousand).
Dividend Policy
The company targets a consolidated payout ratio of 30% or more, determined by comprehensively considering business results, financial condition, and the need to secure retained earnings, among other factors. Dividends are basically paid once a year at fiscal year-end, upon resolution by the Board of Directors. The year-end dividend for FY2026 (ending May 2026) is ¥48 per share (an increase from ¥42 in the prior period), with total dividends of ¥609 million and a payout ratio of 30.5%. For FY2027 (ending May 2027), a dividend of ¥51 per share (payout ratio of 30.0%) is forecast.
ESG
Established a Sustainability Committee (under the direct oversight of the Representative Director), with the Board of Directors providing oversight on a quarterly basis. Set a target of reducing CO₂ emissions by 35% by FY2030 (ending March 2031) compared to the base year (FY2024 (ending March 2025) actual: 26.0% reduction achieved). On the social front, the company is working to provide safe and secure living environments, contribute to local communities, and enhance human capital, disclosing quantitative targets such as reducing employee turnover (target: 5.5% by FY2030 (ending March 2031)) and increasing the proportion of female employees (target: 16.8% by FY2030 (ending March 2031)).
Last updated: August 27, 2025