First Brothers Co.,Ltd.

3454・Standard Market・Real Estate

Official website

First Brothers Co.,Ltd.

3454・Standard Market・Real Estate

Official website

First Brothers Co.,Ltd.3454

Reference Indicators

Market Cap

182¥100M

P/E (Forecast)

6.7x

P/B

0.7x

Dividend Yield (Forecast)

2.94%

ROE

6.9%

EV/EBITDA

10.2x

Financial Summary

Unit: ¥M

Item	2021Nov 2021	2022Nov 2022	2023Nov 2023	2024Nov 2024	2025Nov 2025
Net Sales	26,685	14,284	22,268	16,865	19,063
Cost of Sales	19,844	10,194	15,287	11,761	11,230
Gross Profit	6,840	4,089	6,980	5,104	7,833
SG&A Expenses	1,900	2,273	2,519	2,266	2,538
Operating Income	4,940	1,816	4,461	2,838	5,295
Non-operating Income	85	273	137	204	90
Non-operating Expenses	645	732	761	848	951
Ordinary Income	4,379	1,356	3,837	2,193	4,433
Extraordinary Income	—	—	850	0	156
Extraordinary Losses	1	14	2	12	1,308
Pre-tax Income	4,378	1,342	4,686	2,181	3,282
Income Taxes	1,588	167	1,503	736	1,530
Net Income	2,795	1,180	3,186	1,416	1,749
EBITDA	5,772	2,909	5,735	4,173	6,677
Gross Margin	25.6%	28.6%	31.3%	30.3%	41.1%
Operating Margin	18.5%	12.7%	20.0%	16.8%	27.8%
ROA	3.4%	1.3%	3.5%	1.6%	1.9%
ROE	14.4%	5.6%	13.9%	5.8%	6.9%

Segment Performance

Unit: ¥M

2026

Segment	Net Sales	Operating Income	Operating Margin
投資運用事業	39	96	246.2%
投資銀行事業	17,193	6,289	36.6%
施設運営事業	1,794	-65	-3.6%