【First Juken】2024 First Half Financial Results | Sales of 18.7 billion yen (Down 12.3% YoY)

Performance Overview

First Juken's 2024 first half financial results show sales of 1,876 million yen (down 12.3% YoY). Meanwhile, operating income was 1,294 million yen (+13.8%) and net income attributable to owners of the parent was 723 million yen (+13.0%), achieving profit growth. Residential sales totaled 462 units, a 14.9% decrease from the previous year, but improved profitability was supported by enhanced product strength and strict cost management. Segment-wise, the detached housing segment remains core, with 462 units sold, sales of 15.091 billion yen, and improved profit margins. The condominium segment remains steady due to increased rental revenues, although sales of revenue-producing properties declined. The financial position includes total assets of 6,167.8 million yen, a shareholders’ equity ratio of 66.8%, with liabilities decreasing trend.

Future Outlook and Impact on Shareholders

While the housing market environment is expected to remain challenging, the company aims to improve profitability through enhanced product offerings and cost control. The dividend forecast remains unchanged, maintaining stable dividends. In the medium term, efforts will focus on restoring sales units and developing new products to strengthen the business foundation. For investors, steady profit growth and a sound financial position are attractive points.