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First-corp, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 7%, Raises Record High Profit Forecast, Dividend Revised Upward by 2 Yen

Tue Apr 14, 2026 1:00 pm JST Earnings

1430 First-corporation Inc. 【J-GAAP】

Earnings Report

First-corporation Inc. <1430> [TSE Std] announced its financial results in the afternoon session on April 14th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending May 2026 (June 2025 to February 2026) decreased 18.1% from the same period last year to 1.48 billion yen.

However, the full-year forecast for consolidated ordinary profit has been revised upward 6.7%, from the previous forecast of 2.53 billion yen to 2.70 billion yen (compared to 2.47 billion yen in the previous period), increasing the growth rate from 2.1% to 9.0%, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the December to May period (second half) is expected to increase 10.5%, from the previous forecast of 1.61 billion yen to 1.78 billion yen (compared to 0.96 billion yen in the same period of the previous year), increasing the growth rate from 68.2% to 85.9%.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 44 yen to 46 yen (compared to 42 yen in the previous period).

In the most recent three-month period, from December to February (3Q), the consolidated ordinary profit increased 94.2% from the same period last year, reaching 0.57 billion yen. The operating profit margin significantly improved from 4.3% in the same period last year to 7.3%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jun - Feb, 2023 20,902 1,252 1,232 864 72.5 86.6 Apr 12, 2024 J-GAAP
Jun - Feb, 2024 34,768 1,885 1,810 1,199 100.4 73.0 Apr 14, 2025 J-GAAP
Jun - Feb, 2025 23,989 1,612 1,483 997 83.4 54.9 Apr 14, 2026 J-GAAP
YoY -31.0% -14.5% -18.1% -16.8% -17.0%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2025 Prev 24,742 1,827 1,618 1,135 94.7 44 Jan 14, 2026 J-GAAP
Dec - May, 2025 New 21,042 1,927 1,788 1,225 102.2 46 Apr 14, 2026 J-GAAP
Revision Rate -15.0% +5.5% +10.5% +7.9% +7.9%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May, 2026 Prev 40,000 2,800 2,530 1,750 146.0 44 Jul 15, 2025 J-GAAP
May, 2026 New 36,300 2,900 2,700 1,840 153.5 46 Apr 14, 2026 J-GAAP
Revision Rate -9.3% +3.6% +6.7% +5.1% +5.1%

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 21,042 1,927 1,788 1,225 102.2 46 Apr 14, 2026 J-GAAP
YoY +31.8% +89.9% +85.9% +89.9% +89.2%

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 36,300 2,900 2,700 1,840 153.5 46 Apr 14, 2026 J-GAAP
YoY -16.0% +12.4% +9.0% +10.2% +9.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Dec - Feb, 2025 8,731 639 571 382 31.9 7.3 Apr 14, 2026 J-GAAP
YoY +15.8% +99.1% +94.2% +118.3% +117.9%

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