First-corp, Jun-Feb (Cumulative 3Q) Ordinary Profit Increases by 47%

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Mon Apr 14, 2025 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 April 14th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending May 2025 (June 2024 to February 2025) expanded 1.81 billion yen, an increase 46.9% compared to the same period last year. The progress rate toward the full-year plan of 2.4 billion yen was 75.4%, also surpassing the five-year average of 52.4%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the March to May period (4Q) is expected to surge 3.1 times that of the same period last year, reaching 0.59 billion yen.

In the most recent three-month period, from December to February (3Q), the consolidated ordinary profit dropped to 0.29 billion yen, a 49.1% decrease compared to the same period last year. The operating profit margin drastically worsened from 8.0% in the same period last year to 4.3%.

Kabutan News

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, 2022	17,823	1,338	1,321	913	76.9	66.8	Apr 7, 2023	J-GAAP
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	75.4	Apr 14, 2025	J-GAAP
YoY	+66.3%	+50.6%	+46.9%	+38.8%	+38.6%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec - May, 2023	14,894	783	768	497	41.7	31	Jul 12, 2024	J-GAAP
Dec - May, 2024 Guidance	14,272	936	884	616	51.6	42	Jan 14, 2025	J-GAAP
YoY	-4.2%	+19.5%	+15.1%	+23.9%	+23.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
May, 2023	25,543	1,983	1,979	1,364	114.8	35	Jul 14, 2023	J-GAAP
May, 2024	28,485	1,453	1,422	944	79.2	31	Jul 12, 2024	J-GAAP
May, 2025 Guidance	41,500	2,500	2,400	1,640	137.3	42	Dec 13, 2024	J-GAAP
YoY	+45.7%	+72.1%	+68.8%	+73.7%	+73.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Dec - Feb, 2023	7,311	582	578	417	35.0	8.0	Apr 12, 2024	J-GAAP
Mar - May, 2024	7,583	201	190	80	6.7	2.7	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	7,692	564	554	365	30.6	7.3	Oct 15, 2024	J-GAAP
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
YoY	+3.1%	-44.8%	-49.1%	-58.0%	-58.1%