Business Strategy

First-corporation has formulated a business strategy for achieving the targets outlined in "Innovation 2022", its new three-year medium-term management plan that began in the fiscal year ended May 2023.

Medium-term management plan: (1) Numerical targets

In its first year, the figures are conservative due to ongoing construction work, scheduled construction work and sale of real estate. In the fiscal year ending May 31, 2025, three years later, First-corporation is targeting net sales of Yen31 billion, ordinary income of Yen2.4 billion and amount of orders received of Yen25 billion.

in million yen

  Fiscal year ended
May 31, 2022
Fiscal year ending
May 31, 2023
Fiscal year ending
May 31, 2024
Fiscal year ending
May 31, 2025
actual forecast (y-o-y) forecast (y-o-y) forecast (y-o-y)
Sales 30,178 28,000 92.8% 30,000 107.1% 31,000 103.3%
Cost of sales 27,006 24,616 91.1% 26,250 106.6% 27,160 103.5%
Gross profit 3,172 3,384 106.7% 3,750 110.8% 3,840 102.4%
 Gross profit to net sales 10.5% 12.1%   12.5%   12.4%  
Operating income 1,919 2,044 106.5% 2,400 117.4% 2,480 103.3%
 Operating income to net sales ratio 6.4% 7.3%   8.0%   8.0%  
Ordinary income 1,891 2,000 105.8% 2,350 117.5% 2,400 102.1%
 Ordinary income to net sales ratio 6.3% 7.1%   7.8%   7.7%  
Net income 1,269 1,370 107.9% 1,595 116.4% 1,632 102.3%
 Net income to net sales ratio 4.2% 4.9%   5.3%   5.3%  
 
Amount of orders received 11,503 31,000 269.5% 21,000 67.7% 25,000 119.0%
Number of orders 6 7   7   7  
(Zouchu) 3,572 9,000 252.0% 8,000 88.9% 7,000 87.5%
Number of Zouchu 1 3   3   4  
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