First-corporation Inc. First Quarter Financial Summary [Japanese GAAP] (Consolidated) Fiscal Year Ending May 2027 – First Quarter Financial Summary

Overview of Performance

For the cumulative first quarter consolidated period, net sales were 7,188,858 thousand yen (Year-over-Year -3.1%), and operating income was 470,517 thousand yen (Year-over-Year increase). Ordinary income was 413,391 thousand yen, and net income attributable to owners of parent for the quarter was 269,851 thousand yen, both below the level of the same period last year. By segment, the Construction business posted net sales of 6,010,500 thousand yen, and the Real Estate business posted 1,072,146 thousand yen; Construction increased revenue while Real Estate decreased. The full-year forecasts remain unchanged at net sales 44,000 hundred million yen, operating income 3,500 hundred million yen, and net income 2,070 hundred million yen.

Capital and Cash Trends & Future Outlook

Total assets at the end of the quarter were approximately 39.8 billion yen, and the equity ratio declined to 28.6% from the end of the previous fiscal year. Disposal of treasury stock led to an increase in capital surplus and a decrease in treasury stock. Going forward, in implementing Phase 1 of the mid-term plan "First VISION 2031", the company will strengthen its foundations focusing on human capital investments. Orders for the Construction business are progressing according to plan, and efforts will continue toward achieving the full-year plan for the fiscal year ending May 2027.