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First-corp, First Half Ordinary Profit Decreases by 40%, Sep-Nov Ordinary Profit Decreases by 50%

Wed Jan 14, 2026 12:00 pm JST Earnings

1430 First-corporation Inc. 【J-GAAP】

Earnings Report

First-corporation Inc. <1430> [TSE Std] announced its financial results at noon (12:00) on January 14th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending May 2026 (June to November) dropped 39.8% from the same period last year to 0.91 billion yen. Progress toward the full-year plan of 2.53 billion yen was 36.0%, also falling below the five-year average of 39.2%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the December to May period (second half) is expected to expand 68.2% from the same period last year, reaching 1.61 billion yen.

In the most recent three-month period, from September to November (2Q), the consolidated ordinary profit dropped to 0.48 billion yen, a 49.6% decrease compared to the same period last year. However, the operating profit margin improved from 5.1% in the same period last year to 6.9%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jun - Nov, 2023 13,591 670 654 447 37.5 46.0 Jan 12, 2024 J-GAAP
Jun - Nov, 2024 27,228 1,564 1,516 1,024 85.7 61.2 Jan 14, 2025 J-GAAP
Jun - Nov, 2025 15,258 973 912 615 51.4 36.0 Jan 14, 2026 J-GAAP
YoY -44.0% -37.8% -39.8% -39.9% -40.0%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2025 Guidance ー ー ー ー － 0 Jul 15, 2025 J-GAAP
Jun - Nov, 2025 Results 15,258 973 912 615 51.4 0 Jan 14, 2026 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2024 15,966 1,015 962 645 54.0 42 Jul 15, 2025 J-GAAP
Dec - May, 2025 Guidance 24,742 1,827 1,618 1,135 94.7 44 Jan 14, 2026 J-GAAP
YoY +55.0% +80.0% +68.2% +76.0% +75.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2024 28,485 1,453 1,422 944 79.2 31 Jul 12, 2024 J-GAAP
May, 2025 43,194 2,579 2,478 1,669 139.7 42 Jul 15, 2025 J-GAAP
May, 2026 Guidance 40,000 2,800 2,530 1,750 146.0 44 Jul 15, 2025 J-GAAP
YoY -7.4% +8.6% +2.1% +4.9% +4.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Sep - Nov, 2024 19,536 1,000 962 659 55.2 5.1 Jan 14, 2025 J-GAAP
Dec - Feb, 2024 7,540 321 294 175 14.7 4.3 Apr 14, 2025 J-GAAP
Mar - May, 2025 8,426 694 668 470 39.4 8.2 Jul 15, 2025 J-GAAP
Jun - Aug, 2025 7,421 430 427 283 23.7 5.8 Oct 14, 2025 J-GAAP
Sep - Nov, 2025 7,837 543 485 332 27.8 6.9 Jan 14, 2026 J-GAAP
YoY -59.9% -45.7% -49.6% -49.6% -49.7%

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