Company profile

First-corporation Inc.

EDINET
E31306
Securities
1430
Industry
Construction
Latest annual securities report
2026-08-24 Annual Securities Report PDF HTML
Latest financial report
—
Latest filing
2026-08-26 Extraordinary Report PDF HTML
Compare this company

Industry position

Construction

View details
Profitability Strong Current Top 26% 5-year trend Broadly stable
Financial strength Weak Based on Equity ratio Current Bottom 15% 5-year trend Broadly stable
Growth Below average Current Bottom 45% 5-year trend Deteriorating
Cash generation Weak Current Bottom 1% 5-year trend Deteriorating

Half-year trend

Half-year financial trend

H1 values are cumulative year-to-date.

H2 values are calculated when comparable.

Standalone · Japanese GAAP · Cumulative YTD

Mode

Half-year financial data

Annual key financial indicators

FY2026

Standalone Japanese GAAP

Revenue reached ¥35.89 billion, down 16.7% year over year. Operating income was ¥2.94 billion, up 10.1% year over year. Operating margin was 8.2%. Net income was ¥1.88 billion, up 12.8% year over year. ROE was 16.9%; equity ratio was 34.9%; free cash flow was -¥9.93 billion.

Revenue ¥35.89B down 16.7% year over year
Operating income ¥2.94B up 10.1% year over year
Net income ¥1.88B up 12.8% year over year
Total assets¥31.98B
Total equity—
Operating cash flow-¥9.91B
Free cash flow-¥9.93B

Industry position details

Construction

Annual data for the same fiscal year and industry

Comparison sample varies by metric

Profitability Strong

Operating margin Top 39% / ROE Top 14%

Financial strength Weak
Based on Equity ratio

Equity ratio Bottom 86%

Growth Below average

Revenue growth Bottom 100% / 3-year revenue CAGR Top 14%

Cash generation Weak

Operating cash flow margin Bottom 100% / Free cash flow margin Bottom 100%

Profitability Industry position history Broadly stable
2026 Top 26% 2025 Top 28% 2024 Top 32% 2023 Top 13% 2022 Top 22%
Financial strength Industry position history Broadly stable
2026 Bottom 15% 2025 Bottom 23% 2024 Bottom 13% 2023 Bottom 13% 2022 Bottom 16%
Growth Industry position history Deteriorating
2026 Bottom 45% 2025 Top 8% 2024 Top 28% 2023 Bottom 32% 2022 Top 2%
Cash generation Industry position history Deteriorating
2026 Bottom 1% 2025 Top 33% 2024 Bottom 15% 2023 Bottom 24% 2022 Top 12%
Profitability Operating margin 8.2% Industry median 7.7% Top 39% Comparison sample 122
Profitability ROE 16.9% Industry median 10.1% Top 14% Comparison sample 127
Financial strength Equity ratio 34.9% Industry median 56.2% Bottom 86% Comparison sample 127
Growth Revenue growth -16.7% Industry median +4.1% Bottom 100% Comparison sample 121
Growth 3-year revenue CAGR +12.1% Industry median +6.5% Top 14% Comparison sample 115
Cash generation Operating cash flow margin -27.6% Industry median 5.8% Bottom 100% Comparison sample 122
Cash generation Free cash flow margin -27.7% Industry median 3.8% Bottom 100% Comparison sample 122

Annual financial data

Fiscal year Scope Accounting standard Revenue Operating income Ordinary income Profit before tax Net income Profit attributable to owners of parent Comprehensive income Total assets Total liabilities Net assets Shareholders' equity Equity Equity attributable to owners of parent Equity for ratio Operating cash flow Investing cash flow Financing cash flow Free cash flow Cash and cash equivalents Basic EPS P/E Share price Market cap Book value per share Dividend per share Shares issued Equity ratio Official equity ratio ROE ROA Operating margin Ordinary income margin Net margin Operating cash flow margin Free cash flow margin Dividend payout ratio Revenue YoY Operating income YoY Ordinary income YoY Profit before tax YoY Net income YoY Total assets YoY Equity YoY Operating cash flow YoY Investing cash flow YoY Financing cash flow YoY Free cash flow YoY Cash and cash equivalents YoY EPS YoY Dividend per share YoY Shares issued YoY Employees YoY Average salary YoY Employees Average salary
FY2026 Standalone Japanese GAAP 35890217000 2937346000 2750583000 1882465000 1882465000 1882465000 31984780000 20822105000 11162675000 11159365000 11162675000 -9905853000 -27936000 7158383000 -9933789000 2624627000 156.71 6.0 940.260 12565202120.400 930.67 48.0 13363540 0.3489995867 0.349 0.1686392375 0.0588550242 0.0818425255 0.0766387955 0.0524506441 -0.276004266 -0.2767826397 0.3062982579 -0.167176274 0.1007483983 0.065072185 0.1275371555 0.3004374273 0.1408999871 -5.7283939833 0.4410564226 10.3872922953 -5.8576175359 -0.5139610232 0.2152772392 0.1428571429 0.0 0.1118012422 0.1225946221 179 8809000
FY2025 Standalone Japanese GAAP 43094614000 2668499000 2582532000 1669537000 1669537000 1669537000 24595401000 14811304000 9784096000 9780786000 9784096000 2094972000 -49980000 -762561000 2044992000 5400034000 128.95 6.9 889.755 11890276532.700 818.67 42.0 13363540 0.3978018492 0.398 0.1706378392 0.067880048 0.061921868 0.0599270248 0.0387411986 0.048613314 0.0474535402 0.3257076386 0.5488927034 0.8676321761 0.8376995205 0.7668628746 0.0423856906 0.135012495 2.3311517826 0.4571403745 -2.0576890269 2.2275805104 0.3114505426 0.5831798649 0.3548387097 0.0 -0.0301204819 0.0815988973 161 7847000
FY2024 Standalone Japanese GAAP 27822853000 1428814000 1405307000 944916000 944916000 944916000 23595298000 14975043000 8620254000 8616944000 8620254000 -1573804000 -92068000 720969000 -1665872000 4117604000 81.45 9.4 765.630 10231527130.200 721.22 31.0 13363540 0.3653377889 0.365 0.1096157955 0.0400467924 0.0513539715 0.0505090905 0.0339618658 -0.0565651553 -0.0598742336 0.3806015961 0.091622589 -0.316494293 -0.3196856424 -0.307596597 0.1069336472 0.0711626171 -4.2087016671 0.2853472432 0.4455779653 -2.8653295528 -0.1866474088 -0.3328145478 -0.1142857143 0.0 -0.0235294118 -0.0067086528 166 7255000
FY2023 Standalone Japanese GAAP 25487612000 2090420000 2065673000 1364690000 1364690000 1364690000 21315910000 13268341000 8047568000 8044258000 8047568000 -302149000 -128829000 498741000 -430978000 5062508000 122.08 6.5 793.520 10604236260.800 675.0 35.0 13363540 0.3775380924 0.377 0.1695779396 0.0640221318 0.0820170991 0.0810461569 0.0535432664 -0.0118547395 -0.0169093126 0.2866972477 -0.1554396719 0.0893107455 0.0922494065 0.0753007586 0.1967599984 0.1612724293 -1.1002427532 -0.8109730383 1.2171240975 -1.1464399846 0.0284593815 0.154311649 0.09375 0.0 0.0828025478 0.0403076485 170 7304000
FY2022 Standalone Japanese GAAP 30178557000 1919030000 1891210000 1269124000 17811349000 10881392000 6929957000 6926647000 6929957000 3014173000 -71138000 -2297032000 2943035000 4922419000 105.76 6.9 729.744 9751963133.760 585.0 32.0 13363540 0.3890753586 0.389 0.1831359127 0.0712536709 0.0635891902 0.0626673436 0.0420538331 0.0998779696 0.097520733 0.3025718608 0.4426371578 0.151831738 0.1755656199 0.1277994508 0.0219971525 0.1031264038 0.0707697696 -0.5742326672 0.111229423 0.0625557357 0.151061777 0.1726355472 -0.1578947368 0.0003742924 0.0608108108 0.0191609813 157 7021000
FY2021 Standalone Japanese GAAP 20919021000 1666068000 1608766000 1125310000 17427983000 11145876000 6282106000 6275486000 6282106000 2814959000 -45189000 -2584505000 2769770000 4276416000 90.19 8.3 748.577 9999895797.580 520.77 38.0 13358540 0.3604608749 0.36 0.1791294193 0.0645691472 0.0796436889 0.0769044593 0.0537936264 0.1345645669 0.1324043797 0.421332742 -0.1067442725 0.2406040736 0.2403393273 0.2899945778 -0.0286111852 0.0324559085 1.5146851032 -0.9452862678 -1.4620843908 1.5042809176 0.0452838112 0.3537976584 0.9 0.0 0.0724637681 0.007605675 148 6889000
FY2020 Standalone Japanese GAAP 23418849000 1342949000 1297037000 872337000 17941305000 11856681000 6084624000 6078004000 6084624000 -5469284000 -23230000 5593145000 -5492514000 4091153000 66.62 8.1 539.622 7208562071.880 466.55 20.0 13358540 0.3391405475 0.339 0.1433674455 0.048621714 0.0573447909 0.0553843188 0.0372493541 -0.2335419644 -0.2345339004 0.3002101471 0.2315354084 -0.2846978653 -0.3080948987 -0.3161504107 0.5987821802 0.0435077885 -2.4429367122 -3.6487892736 3.5368636234 -2.4467179861 0.0252175029 -0.3037207358 -0.4736842105 0.0 0.0 0.0351249054 138 6837000
FY2019 Standalone Japanese GAAP 19015977000 1877457000 1874588000 1275627000 11221857000 5390923000 5830933000 5824313000 5830933000 -1588552000 -4997000 -2204748000 -1593549000 3990522000 95.68 8.0 765.440 10225160857.600 441.59 38.0 13358540 0.5196049994 0.519 0.2187689346 0.1136734321 0.0987305044 0.0985796312 0.0670818544 -0.0835377535 -0.0838005326 0.3971571906 -0.0865820489 -0.1644498305 -0.1608782142 -0.1873983155 -0.1963873923 0.1186045196 -1.2618435623 -2.1606578115 -0.1020301666 -1.2627356944 -0.4876603275 -0.1866020573 0.0 0.0697674419 138 6605000
FY2018 Standalone Japanese GAAP 20818484000 2246971000 2233988000 1569806000 13964262000 8751576000 5212685000 5206065000 5212685000 6066798000 -1581000 -2000624000 6065217000 7788821000 117.63 9.9 1164.537 389.72 38.0 0.3732875393 0.373 0.3011511342 0.1124159658 0.1079315381 0.1073079096 0.0754044339 0.2914140146 0.2913380725 0.3230468418 -0.006197872 0.0824023766 0.1093081584 0.1104119289 0.2031415155 0.2635498029 0.5233611583 0.9813980304 -0.20453994 0.5561746107 1.0913920952 0.0425418772 0.027027027 0.0840336134 129
FY2017 Standalone Japanese GAAP 20948319000 2075911000 2013857000 1413715000 11606500000 7481071000 4125429000 4107082000 4125429000 3982508000 -84991000 -1660903000 3897517000 3724228000 112.83 9.5 1071.885 308.45 37.0 0.3554412614 0.354 0.3426831488 0.1218037307 0.0990967819 0.0961345395 0.0674858446 0.1901111015 0.1860539263 0.3279269698 0.2874765009 0.2960818689 0.3296673549 0.3735042885 -0.0523662268 0.9009318897 2.035320408 -2.1822300434 -1.3249271855 2.0062390421 1.503489142 0.2752034358 0.4230769231 0.1442307692 119

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Source data: Financial Services Agency EDINET / Data organization, aggregation, and metric calculations: bestforever.jp