Business Outline

Description of operations

First-corporation is a general contractor that in the construction of built-for-sale condominiums mainly in the Tokyo area.

  1. Following a period of brisk growth after its establishment in June 2011, First-corporation listed on the Mothers section of the Tokyo Stock Exchange in March 2015.
  2. First-corporation moved its listing to the First Section of the Tokyo Stock Exchange in December 2016.

Major clients

First-corporation has a history of special dealings with major developers, and is also developing new clients.

  1. Clients comprise leading condominium developers, mostly major players including Tokyo Tatemono Co., Ltd., Chuo-Nittochi Co., Ltd., Nippon Steel Kowa Real Estate Co., Ltd., Mitsui Fudosan Residential Co., Ltd., Hankyu Hanshin Properties Corp., Nomura Real Estate Development Co., Ltd. and Tyuou Jyutaku Co., Ltd..
  2. Boost profit margin with special assignment orders by "Zouchu" business.
  3. In addition to aggressive business expansion centered on the "Zouchu" business, we are developing new clients that appreciate our passion for quality.

Business environment

First-corporation aims to expand its market share over the medium term amid a favorable business environment.

  1. The supply number of condominium units in calendar year 2021 in the Tokyo area and three neighboring prefectures (Tokyo, Kanagawa Prefecture, Saitama Prefecture and Chiba Prefecture) is expected to about 32,000 units, compared to 27,228 units in calendar year 2020, it is expected to return to the 2019 level. The number of construction starts is expected to remained firm.
  2. First-corporation's market share in the fiscal year ended May 31, 2021 was only about 2%, which underscores the considerable potential to grow market share.
  3. First-corporation aims to expand its business by strengthening its core businesses, focusing on urban redevelopment business, expanding business areas, human resource development and reforming working styles, etc.
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