First-corporation Income Statement

Financials in millions JPY. Fiscal year is June - May.

Millions JPY. Fiscal year is Jun - May.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Feb '26 Feb 28, 2026	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023
Revenue	32,415	43,194	28,485	25,543
Revenue Growth (YoY)	-23.46%	51.64%	11.52%	-
Cost of Revenue	28,470	38,997	25,622	22,155
Gross Profit	3,945	4,197	2,863	3,388
Selling, General & Admin	1,637	1,616	1,409	1,404
Operating Expenses	1,638	1,617	1,409	1,404
Operating Income	2,307	2,580	1,454	1,984
Interest Expense	-152	-110	-38	-31
Interest & Investment Income	8	1	-	-
Other Non Operating Income (Expenses)	-14	5	1	25
EBT Excluding Unusual Items	2,149	2,476	1,417	1,978
Gain (Loss) on Sale of Assets	1	1	3	-
Asset Writedown	-	-16	-43	-
Other Unusual Items	-	-	-1	-
Pretax Income	2,150	2,461	1,376	1,978
Income Tax Expense	683	792	432	614
Net Income	1,467	1,669	944	1,364
Net Income to Common	1,467	1,669	944	1,364
Net Income Growth	14.70%	76.80%	-30.79%	-
Shares Outstanding (Basic)	12	12	12	12
Shares Outstanding (Diluted)	12	12	12	12
Shares Change (YoY)	0.19%	0.07%	0.43%	-
EPS (Basic)	122.60	139.70	79.07	114.74
EPS (Diluted)	122.60	139.69	79.07	114.74
EPS Growth	14.52%	76.67%	-31.09%	-
Free Cash Flow	-	2,054	-1,598	-383
Free Cash Flow Per Share	-	171.85	-133.79	-32.20
Dividend Per Share	42.000	42.000	31.000	35.000
Dividend Growth	35.48%	35.48%	-11.43%	-
Gross Margin	12.17%	9.72%	10.05%	13.26%
Operating Margin	7.12%	5.97%	5.10%	7.77%
Profit Margin	4.53%	3.86%	3.31%	5.34%
Free Cash Flow Margin	-	4.75%	-5.61%	-1.50%
EBITDA	2,315	2,592	1,472	1,997
EBITDA Margin	7.14%	6.00%	5.17%	7.82%
D&A For EBITDA	7.5	12	18	13
EBIT	2,307	2,580	1,454	1,984
EBIT Margin	7.12%	5.97%	5.10%	7.77%
Effective Tax Rate	31.77%	32.18%	31.39%	31.04%