Significant profit increase driven by property sale gains in the investment banking business. Revenue expanded year-over-year, and ordinary income and net income attributable to owners of the parent also rose substantially. Capital policy and shareholder return policy remain under review. Held unrealized gains of 16,300 million yen in the cumulative 3Q, with emphasis on future sale and reinvestment cycles.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"price_fetched_at":"","company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"3454","jir_company_name":"First Brothers Co.,Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-10-09","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/10\/3454-20261009-01.pdf","jir_short_summary":"Significant profit increase driven by property sale gains in the investment banking business. Revenue expanded year-over-year, and ordinary income and net income attributable to owners of the parent also rose substantially. Capital policy and shareholder return policy remain under review. Held unrealized gains of 16,300 million yen in the cumulative 3Q, with emphasis on future sale and reinvestment cycles.","jir_summary":"### Overview of Results\nThis financial presentation focuses on consolidated results as of the third quarter, showing investments using proprietary capital centered on the investment banking business, along with the investment management and facility operations businesses. For the cumulative 3Q, revenue was 12,782 million yen, gross profit 4,764 million yen, operating income 2,939 million yen, ordinary income 2,308 million yen, and net income attributable to owners of the parent 2,554 million yen, marking substantial year-over-year increases. In particular, the investment banking business recorded significant gains from property sales and gains on transfer of fixed assets, and unrealized gains remain at a high level of 16,300 million yen.\n\n### Outlook and Capital Policy\nAlthough earnings continue to depend heavily on real estate sales, the policy is to rotate a reinvestment cycle by securing stable rental income and realizing sale gains. As of 3Q, multiple property sales have been executed and progress against the full-year plan is appropriate. However, the earnings forecast is unchanged, and sales of long-held assets will be executed under specific conditions. Shareholder returns will continue to be considered based on a DOE guideline.","jir_financial_highlights":"Revenue: 12,782 million yen (Year-over-Year +23.9%)\nGross Profit: 4,764 million yen (Year-over-Year +38.5%)\nOperating Income: 2,939 million yen (Year-over-Year +86.3%)\nOrdinary Income: 2,308 million yen (Year-over-Year +149.5%)\nNet Income Attributable to Owners of Parent: 2,554 million yen (Year-over-Year +287.2%)\nReal Estate Sales Gross Profit: 1,927 million yen (Year-over-Year +303.7%)\nReal Estate Leasing Gross Profit: 2,259 million yen (Year-over-Year -14.6%)","jir_category":"","jir_hashtags":"#FirstBrothers, #Earnings, #InvestmentBankingIndirectImpact, #UnrealizedGains, #ROEImprovementOutlook","jir_key_figures":"Revenue: 12,782 million yen (Year-over-Year +23.9%)\nGross Profit: 4,764 million yen (Year-over-Year +38.5%)\nNet Income Attributable to Owners of Parent: 2,554 million yen (Year-over-Year +287.2%)","jir_meta_title":"First Brothers Co.,Ltd. Fiscal Year Ending November 2026 Q3 Financial Presentation | Significant Profit Growth and Unrealized Gains","jir_meta_description":"Summary of First Brothers Co.,Ltd.'s Q3 financial presentation for the fiscal year ending November 2026. Significant profit growth driven by investment banking property sale gains, holding unrealized gains of 16,300 million yen. Explains plans for future sales, reinvestment cycles, and shareholder return policy.","jir_og_title":"First Brothers Co.,Ltd. Q3 Financial Results | Significant Profit Growth and Held Unrealized Gains","jir_og_description":"Revenue and profits rose substantially in the third quarter. This explains the contribution of investment banking property sale gains, utilization of unrealized gains, and key points on future policy and shareholder returns.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[{\"jir_chart_id\": \"revenue_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Revenue Trend\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"2024\/11\\\",\\\"2025\/11\\\",\\\"2026\/11\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Revenue (million yen)\\\",\\\"data\\\":[7909,10314,12782],\\\"borderColor\\\":\\\"#3e95cd\\\",\\\"fill\\\":false}]},\\\"options\\\":{}}\"}, {\"jir_chart_id\": \"operating_profit_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Operating Income Trend\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"2024\/11\\\",\\\"2025\/11\\\",\\\"2026\/11\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Operating Income (million yen)\\\",\\\"data\\\":[1149,1577,2939],\\\"borderColor\\\":\\\"#8e5ea2\\\",\\\"fill\\\":false}]},\\\"options\\\":{}}\"}, {\"jir_chart_id\": \"net_income_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Net Income Attributable to Owners of Parent Trend\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"2024\/11\\\",\\\"2025\/11\\\",\\\"2026\/11\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Net Income (million yen)\\\",\\\"data\\\":[502,659,2554],\\\"borderColor\\\":\\\"#3cba9f\\\",\\\"fill\\\":false}]},\\\"options\\\":{}}\"}]","ir_related_company":58111,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"financial_summary","footnotes":""},"sector":[],"importance":[],"class_list":["post-129366","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n