Investor Relations
Business Strategy
First-corporation has formulated a business strategy for achieving the targets outlined in "Innovation 2021", its new three-year medium-term management plan that began in the fiscal year ended May 2022.
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 on hand. In the fiscal year ending May 31, 2024, three years later, First-corporation is targeting net sales of Yen30 billion, ordinary income of Yen2.35 billion and amount of orders received of Yen21 billion.
in million yen
| Fiscal year ended May 31, 2021 |
Fiscal year ending May 31, 2022 |
Fiscal year ending May 31, 2023 |
Fiscal year ending May 31, 2024 |
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| actual | forecast | (y-o-y) | forecast | (y-o-y) | forecast | (y-o-y) | |
| Sales | 20,919 | 26,500 | 126.7% | 28,000 | 105.7% | 30,000 | 107.1% |
| Cost of sales | 17,989 | 23,459 | 130.4% | 24,616 | 104.9% | 26,250 | 106.6% |
| Gross profit | 2,929 | 3,041 | 103.8% | 3,384 | 111.3% | 3,750 | 110.8% |
| Gross profit to net sales | 14.0% | 11.5% | 12.1% | 12.5% | |||
| Operating income | 1,666 | 1,720 | 103.2% | 2,044 | 118.8% | 2,400 | 117.4% |
| Operating income to net sales ratio | 8.0% | 6.5% | 7.3% | 8.0% | |||
| Ordinary income | 1,608 | 1,700 | 105.7% | 2,000 | 117.6% | 2,350 | 117.5% |
| Ordinary income to net sales ratio | 7.7% | 6.4% | 7.1% | 7.8% | |||
| Net income | 1,125 | 1,182 | 105.0% | 1,370 | 115.9% | 1,595 | 116.4% |
| Net income to net sales ratio | 5.4% | 4.5% | 4.9% | 5.3% | |||
| Amount of orders received | 23,103 | 22,000 | 95.2% | 18,000 | 81.8% | 21,000 | 116.7% |
| Number of orders | 10 | 7 | 7 | 7 | |||
| (Zouchu) | 8,274 | 15,000 | 181.3% | 10,000 | 66.7% | 8,000 | 80.0% |
| Number of Zouchu | 4 | 2 | 3 | 3 | |||