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  2. •

    Consumer durables

  3. •

    Homebuilding
First-corporation Inc.

First-corporation Inc.

TTSE:1430
1,092.00
JPY
-3.00
(-0.27%)
9.62BMarket Cap
Jan 01Next Earn
First-corporation Inc.
TSE:1430
(Tokyo Stock Exchange)

Recent

price

1,092.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
JPY
724.95
1,373.59
1,398.65
1,671.95
1,560.04
1,426.29
1,788.49
1,676.62
2,514.81
2,148.72
2,386.03
3,615.47
3,040.69
- -
Revenue per Share
16.39
48.59
88.48
112.83
117.63
95.68
66.62
90.19
105.76
114.8
79.15
139.74
157.18
- -
Basic EPS, GAAP
60.02
-27.43
-334.6
315.69
453.58
-119.35
-417.69
224.89
248.79
-32.93
-134.84
171.59
-827.38
- -
Free Cash Flow per Basic Share
- -
- -
8.5
24.73
36.87
38.05
38.76
21.36
39.16
32.58
35.8
31.47
44.62
- -
Dividend per Share
20.07
109.06
182.02
309.82
390.21
442.1
467.06
521.32
585.28
664.82
708.76
817.06
929.48
762.97
Book Value per Share
19.71
108.79
179.28
307.34
388.36
440.73
466.35
520.56
584.31
663.26
707.56
815.78
928.38
761.92
Tangible Book Value per Share
10
10
12
13
13
13
13
12
12
12
12
12
12
12
Basic Weighted Avg Shares
7,188
13,937
16,271
20,948
20,818
19,016
23,419
20,919
30,179
25,544
28,485
43,194
36,417
- -
Sales/Revenue/Turnover
4.57
6.56
10.77
9.91
10.79
9.87
5.73
7.96
6.36
7.77
5.1
5.97
7.95
- -
Operating Margin (%)
3
4
7
16
17
17
17
15
6
13
18
12
14
- -
Depreciation Expense
163
493
1,029
1,414
1,570
1,276
872
1,125
1,269
1,365
945
1,670
1,882
- -
Net Income, GAAP
36.85
33.79
32.04
29.25
29.73
31.95
32.74
30.05
31.55
31.05
31.39
32.19
30.02
- -
Effective Tax Rate (%)
2.26
3.54
6.33
6.75
7.54
6.71
3.72
5.38
4.21
5.34
3.32
3.87
5.17
- -
Profit Margin (%)
203
1,198
2,844
5,154
5,475
5,726
9,341
9,813
9,578
10,562
10,132
12,612
18,668
12,121
Working Capital
1
4
749
1,146
403
1
3,335
3,675
2,846
2,995
2,154
3,193
8,120
3,269
LT Debt
227
1,233
2,170
4,125
5,213
5,831
6,085
6,282
6,930
7,923
8,468
9,761
11,145
9,115
Total Equity
- -
23.52
17.18
17.01
21.3
19.06
9.5
9.7
12.08
12.03
7.67
12.2
10.31
- -
Return on Invested Capital (%)
- -
24.58
17.53
17.49
22.71
20.36
9.65
9.94
12.44
12.75
7.64
12.44
10.6
- -
Return on Capital (%)
- -
67.51
60.48
44.91
33.62
23.1
14.64
18.2
19.21
18.38
11.53
18.32
18.01
- -
Return on Common Equity (%)

Capital Structure

JPY

•

in mil. unless spec.
Feb'24
May'24
Nov'25
ST Debt
1,755
2,941
5,263
LT Borrowings
3,085
2,154
3,269
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
12
12
12
Market Capitalization
9,474
9,104
9,617

Working Capital

JPY

•

in mil. unless spec.
Feb'24
May'24
Nov'25
Total Current Assets
22,336
22,995
27,060
Cash, Cash Equivalents & STI
3,371
4,118
2,984
Accounts Receivable, Net
6,282
5,654
10,862
Inventories
11,042
11,125
12,298
Total Current Liabilities
11,254
12,863
14,939
Payables & Accruals
- -
- -
- -
ST Debt
1,755
2,941
5,263
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
19.69%
12.19%
14.18%
Free Cash Flow
-78.88%
-121.26%
-583.39%
Net Income, GAAP
10.6%
15.8%
12.75%
Sales/Revenue/Turnover
10.83%
15.27%
-15.69%
Total Cash Common Dividend
32.7%
19.85%
42.14%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,941
7,650
7,311
7,583
28,485
2025
- -
- -
- -
- -
43,194
2026
- -
- -
- -
- -
36,417

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
11.53
25.92
34.94
6.71
79.15
2025
- -
- -
- -
- -
139.74
2026
- -
- -
- -
- -
157.18

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
35.8
2025
- -
- -
- -
- -
31.47
2026
- -
- -
- -
- -
44.62
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Business
First-corporation Inc. (TSE:1430) operates as a holding company primarily engaged in the real estate and construction sectors in Japan. The company, founded in 1987 and headquartered in Tokyo, provides a range of services including real estate development and management; construction and civil engineering works; property leasing and brokerage; investment advisory services; and operation of hotels and commercial facilities. It targets institutional investors, corporate clients, and individual customers across domestic markets, with operations concentrated in major urban areas such as Tokyo, Osaka, and Nagoya. Its core offerings encompass residential and commercial property development projects; renovation and maintenance services for existing buildings; asset management for real estate investment trusts (REITs); and hospitality management through owned hotel brands. First-corporation Inc. also engages in environmental consulting and renewable energy initiatives tied to property developments, serving segments like office, retail, and logistics real estate. In recent developments, the company announced a strategic alliance with a major Japanese construction firm in early 2025 to expand into sustainable urban redevelopment projects. It completed the acquisition of a portfolio of commercial properties in the Kansai region in Q3 2025, bolstering its asset base amid rising demand for logistics facilities. Additionally, First-corporation Inc. launched a new digital platform for real-time property investment analytics in late 2024, enhancing its service offerings to institutional clients.