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First Brothers, 34% Decrease in Ordinary Profit for The Current Fiscal Year, Dividend Raised by 2 Yen

Fri Jan 9, 2026 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 9th (17:00). The consolidated ordinary profit for the fiscal year ended November 2025 expanded to 2.0 times that of the previous period to 4.43 billion yen. However, for the fiscal year ending November 2026, the consolidated ordinary profit is expected to drop by 34.1% from the previous period to 2.92 billion yen.

At the same time, the company has decided to increase the dividend this fiscal year to 37 yen, an increase of 2 yen from the previous fiscal year.

In the most recent three-month period, from September to November (4Q), the consolidated ordinary profit surged 2.4 times that of the same period last year, reaching 3.50 billion yen. The operating profit margin jumped from 18.9% in the same period last year to 42.5%.

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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, 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 19,063 5,295 4,433 1,749 124.8 35 Jan 9, 2026 J-GAAP
YoY +13.0% +86.6% +102.1% +23.5% +23.5%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2025 Guidance 18,870 5,250 4,370 1,490 106.2 35 Nov 11, 2025 J-GAAP
Nov, 2025 Results 19,063 5,295 4,433 1,749 124.8 35 Jan 9, 2026 J-GAAP
Revision Rate +1.0% +0.9% +1.4% +17.4% +17.4%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2024 5,377 802 346 223 16.0 0 Jul 8, 2025 J-GAAP
Dec - May, 2025 Guidance ー ー ー ー － 0 Jan 9, 2026 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2024 16,865 2,838 2,193 1,416 101.0 67 Jan 10, 2025 J-GAAP
Nov, 2025 19,063 5,295 4,433 1,749 124.8 35 Jan 9, 2026 J-GAAP
Nov, 2026 Guidance 17,730 4,150 2,920 2,620 186.8 37 Jan 9, 2026 J-GAAP
YoY -7.0% -21.6% -34.1% +49.8% +49.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2024 8,956 1,689 1,458 914 65.2 18.9 Jan 10, 2025 J-GAAP
Dec - Feb, 2024 2,344 309 85 68 4.9 13.2 Apr 8, 2025 J-GAAP
Mar - May, 2025 3,033 493 261 155 11.1 16.3 Jul 8, 2025 J-GAAP
Jun - Aug, 2025 4,937 775 579 436 31.1 15.7 Oct 7, 2025 J-GAAP
Sep - Nov, 2025 8,749 3,718 3,508 1,090 77.8 42.5 Jan 9, 2026 J-GAAP
YoY -2.3% +120.1% +140.6% +19.3% +19.2%

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