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	Nov '25 Nov 30, 2025	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023
Revenue	31,224	43,194	28,485	25,543
Revenue Growth (YoY)	-25.87%	51.64%	11.52%	-
Cost of Revenue	27,646	38,997	25,622	22,155
Gross Profit	3,578	4,197	2,863	3,388
Selling, General & Admin	1,587	1,616	1,409	1,404
Operating Expenses	1,588	1,617	1,409	1,404
Operating Income	1,990	2,580	1,454	1,984
Interest Expense	-112	-110	-38	-31
Interest & Investment Income	5	1	-	-
Other Non Operating Income (Expenses)	-11	5	1	25
EBT Excluding Unusual Items	1,872	2,476	1,417	1,978
Gain (Loss) on Sale of Assets	1	1	3	-
Asset Writedown	-16	-16	-43	-
Other Unusual Items	-	-	-1	-
Pretax Income	1,857	2,461	1,376	1,978
Income Tax Expense	597	792	432	614
Net Income	1,260	1,669	944	1,364
Net Income to Common	1,260	1,669	944	1,364
Net Income Growth	-17.16%	76.80%	-30.79%	-
Shares Outstanding (Basic)	12	12	12	12
Shares Outstanding (Diluted)	12	12	12	12
Shares Change (YoY)	0.06%	0.07%	0.43%	-
EPS (Basic)	105.40	139.70	79.07	114.74
EPS (Diluted)	105.40	139.69	79.07	114.74
EPS Growth	-17.21%	76.67%	-31.09%	-
Free Cash Flow	-7,049	2,054	-1,598	-383
Free Cash Flow Per Share	-589.38	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	11.46%	9.72%	10.05%	13.26%
Operating Margin	6.37%	5.97%	5.10%	7.77%
Profit Margin	4.04%	3.86%	3.31%	5.34%
Free Cash Flow Margin	-22.58%	4.75%	-5.61%	-1.50%
EBITDA	2,003	2,592	1,472	1,997
EBITDA Margin	6.42%	6.00%	5.17%	7.82%
D&A For EBITDA	13	12	18	13
EBIT	1,990	2,580	1,454	1,984
EBIT Margin	6.37%	5.97%	5.10%	7.77%
Effective Tax Rate	32.15%	32.18%	31.39%	31.04%

Source: S&P Capital IQ. Standard template. Financial Sources.