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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 Performance and Financial Trends

Historical Performance
Fiscal Year Revenue Operating
Profit		 Ordinary
Profit		 Net
Profit		 Adj.
EPS		 Adj. Dividend Announce Accounting
Standards
Nov, 2023 		22,268M 4,461M 3,837M 3,186M 227.3 32 Jan 12, 2024 J-GAAP
Nov, 2024 		16,865M 2,838M 2,193M 1,416M 101.0 67 Jan 10, 2025 J-GAAP
Nov, 2025 		19,063M 5,295M 4,433M 1,749M 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 18,870M 5,250M 4,370M 1,490M 106.2 35 Nov 11, 2025 J-GAAP
Nov, 2025 Results 19,063M 5,295M 4,433M 1,749M 124.8 35 Jan 9, 2026 J-GAAP
Revision Rate +1.0% +0.9% +1.4% +17.4% +17.4%

Current Period Guidance

First Half Results
Fiscal Year Revenue Operating
Profit		 Ordinary
Profit		 Net
Profit		 Adj.
EPS		 Adj.
Dividend		 Announce Accounting
Standards
Dec - May, 2024 		5,377M 802M 346M 223M 16.0 0 Jul 8, 2025 J-GAAP
Guidance
Dec - May, 2025 		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 		16,865M 2,838M 2,193M 1,416M 101.0 67 Jan 10, 2025 J-GAAP
Nov, 2025 		19,063M 5,295M 4,433M 1,749M 124.8 35 Jan 9, 2026 J-GAAP
Guidance
Nov, 2026 		17,730M 4,150M 2,920M 2,620M 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 		8,956M 1,689M 1,458M 914M 65.2 18.9 Jan 10, 2025 J-GAAP
Dec - Feb, 2024 		2,344M 309M 85M 68M 4.9 13.2 Apr 8, 2025 J-GAAP
Mar - May, 2025 		3,033M 493M 261M 155M 11.1 16.3 Jul 8, 2025 J-GAAP
Jun - Aug, 2025 		4,937M 775M 579M 436M 31.1 15.7 Oct 7, 2025 J-GAAP
Sep - Nov, 2025 		8,749M 3,718M 3,508M 1,090M 77.8 42.5 Jan 9, 2026 J-GAAP
YoY -2.3% +120.1% +140.6% +19.3% +19.2%

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