First-corporation Inc. [1430.T]
TOKYO, Apr 14 (Pulse News Wire) – First-corporation Inc. (1430.T) reported robust third-quarter results for the fiscal year ending May 2026, achieving revenue of ¥500 million, operating profit of ¥1.612 billion, and net income attributable to parent shareholders of ¥850 million.
Despite a challenging environment, particularly in the construction sector, the company saw significant improvements in profitability, especially in its real estate sales division. For the quarter, the company's construction business witnessed a notable increase in gross margin, rising from 18.5% last quarter to 20.3%. Additionally, land sales within the real estate division proceeded according to plan, with large-scale transactions expected in the fourth quarter. However, joint venture revenues declined due to the impact of major project handovers last year.
Looking ahead, First-corporation revised its full-year earnings outlook, projecting a higher-than-expected operating profit despite lower-than-initially anticipated sales. The company attributed this upward revision to improved cost efficiency in projects and high-margin land sales. Regarding shareholder returns, the firm maintained its commitment to dividend payouts and share buybacks, aiming for a payout ratio exceeding 30%, contingent upon internal reserves and market conditions. The company also plans to enhance shareholder value through strategic acquisitions and partnerships, focusing on sustainable growth initiatives aligned with its Innovation2025 strategy.
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