First Brothers, 1% Decrease in Ordinary Profit for The Current Fiscal Year, Dividend to Cut by 32 yen

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Fri Jan 10, 2025 5:00 pm JST Earnings

3454 First Brothers Co., Ltd. 【J-GAAP】

Earnings Report

First Brothers Co., Ltd. <3454> [TSE Std] announced its financial results after the market closed on January 10th (17:00). The consolidated ordinary profit for the fiscal year ending November 2024 dropped 42.8% from the previous period to 2.19 billion yen. In the fiscal year ending November 2025, the profit is nearly flat with a slight decrease of 0.6% from the previous period to 2.18 billion yen.

At the same time, the company has decided to reduce the dividend this fiscal year to 35 yen, a decrease of 32 yen from the previous fiscal year.

In the most recent three-month period, from September to November (4Q), the consolidated ordinary profit increased 59.9% from the same period last year, reaching 1.45 billion yen. The operating profit margin rose from 16.6% in the same period last year to 18.9%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2022	14,284	1,816	1,356	1,180	84.2	30	Jan 13, 2023	J-GAAP
Nov, 2023	22,268	4,461	3,837	3,186	227.3	32	Jan 12, 2024	J-GAAP
Nov, 2024	16,865	2,838	2,193	1,416	101.0	67	Jan 10, 2025	J-GAAP
YoY	-24.3%	-36.4%	-42.8%	-55.6%	-55.5%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2024 Guidance	16,890	2,830	2,180	1,350	96.3	67	Dec 20, 2024	J-GAAP
Nov, 2024 Results	16,865	2,838	2,193	1,416	101.0	67	Jan 10, 2025	J-GAAP
Revision Rate	-0.1%	+0.3%	+0.6%	+4.9%	+5.0%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec - May, 2023	4,368	603	377	179	12.8	33	Jul 9, 2024	J-GAAP
Dec - May, 2024 Guidance	ー	ー	ー	ー	－	0	Jan 10, 2025	J-GAAP
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2023	22,268	4,461	3,837	3,186	227.3	32	Jan 12, 2024	J-GAAP
Nov, 2024	16,865	2,838	2,193	1,416	101.0	67	Jan 10, 2025	J-GAAP
Nov, 2025 Guidance	17,950	3,520	2,180	1,370	97.7	35	Jan 10, 2025	J-GAAP
YoY	+6.4%	+24.0%	-0.6%	-3.2%	-3.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	6,228	1,031	912	529	37.7	16.6	Jan 12, 2024	J-GAAP
Dec - Feb, 2023	1,955	240	129	63	4.5	12.3	Apr 9, 2024	J-GAAP
Mar - May, 2024	2,413	363	248	116	8.3	15.0	Jul 9, 2024	J-GAAP
Jun - Aug, 2024	3,541	546	358	323	23.0	15.4	Oct 8, 2024	J-GAAP
Sep - Nov, 2024	8,956	1,689	1,458	914	65.2	18.9	Jan 10, 2025	J-GAAP
YoY	+43.8%	+63.8%	+59.9%	+72.8%	+72.9%