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First-corp shares surge as improved margins lift profit and dividend forecasts

Tue Apr 14, 2026 1:36 pm JST Catalyst

First-corporation <1430> surged in afternoon trading after announcing revisions to its full-year earnings forecast and releasing results for the first nine months of the fiscal year ending May 2026. While the company cut its revenue forecast to 36.3 billion yen from 40.0 billion yen (down 16.0% year-on-year), it hiked its net profit guidance to 1.84 billion yen from 1.75 billion yen (up 10.2% year-on-year). At the same time, the company raised its year-end dividend forecast by 2 yen to 46 yen per share, compared to 42 yen in the previous fiscal year, drawing significant buying interest.

Revenue is expected to fall short as the number of sales of business properties in the real estate segment came in below initial projections. On the profit side, however, successful negotiations to improve construction profitability in the construction business, combined with the accumulation of high-margin contracts in the real estate business, contributed to the upward revision. For the June-February period, revenue totaled \23.99 billion (down 31.0% year-on-year), while net profit came to \997 million (down 16.8% year-on-year).

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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