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First BrothersFirst Brothers Co., Ltd.3454東証スタンダード不動産業FY ending Nov 2025, consolidated, J-GAAP

First Brothers FY ending Nov 2020 results

About 96% of First Brothers's sales come from Investment banking business, with Investment management business and Other making up much of the rest.

Out of every ¥100 of sales, about ¥16 is left as operating profit.

Revenue changed -21.2% from the prior year, operating profit -26.6%.

Revenue and profit pattern

Revenue and profit down

Revenue -21.2% · profit -26.6%, calculated from disclosed figures.

Operating leverage: 1.26× (profit growth ÷ revenue growth)

What changed from last year

FY ending Nov 2019 → FY ending Nov 2020

Revenue
-21.2%¥19.8B → ¥15.6B
Gross profit
-19.4%¥5.33B → ¥4.29B
Operating income
-26.6%¥3.46B → ¥2.54B
Net income attributable to owners
+5.9%¥2.18B → ¥2.31B
Operating cash flow
Loss-¥5.44B → -¥4.88B
Free cash flow
Loss-¥5.49B → -¥4.89B

Where the money goes

FY ending Nov 2019 → FY ending Nov 2020

Where ¥100 of sales goes

For every ¥100 First Brothers sells, how much goes where, and how much is kept.

FY ending Nov 2020
Cost of sales
¥73
SG&A
¥11
Operating profit
¥16
Net profit kept
¥15

Annual margin trends

Gross margin27.4%
FY ending Nov 2019: 26.8%26.8%FY ending Nov 2020: 27.4%27.4%FY19FY20
Operating margin16.2%
FY ending Nov 2019: 17.5%17.5%FY ending Nov 2020: 16.2%16.2%FY19FY20
Net margin14.8%
FY ending Nov 2019: 11.0%11.0%FY ending Nov 2020: 14.8%14.8%FY19FY20

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Nov 2020
  • Investment banking business¥14.9B
    96%
    Op. margin 20.6%
  • Investment management business¥550.1M
    4%
    Op. margin 59.7%
  • Other¥146.8M
    1%
    Op. margin 15.4%

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (5)

  • EDINET (FSA Japan)

    有価証券報告書－第21期(2023/12/01－2024/11/30)

    ID S100V9VB2025-02-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第20期(2022/12/01－2023/11/30)

    ID S100SYIG2024-02-28Open

  • EDINET (FSA Japan)

    有価証券報告書－第19期(2021/12/01－2022/11/30)

    ID S100QA8Q2023-02-22Open

  • EDINET (FSA Japan)

    有価証券報告書－第18期(令和2年12月1日－令和3年11月30日)

    ID S100NKHH2022-02-25Open

  • EDINET (FSA Japan)

    有価証券報告書－第17期(令和1年12月1日－令和2年11月30日)

    ID S100KV1E2021-02-25Open

Extracted from XBRL: 51 / Derived from other figures: 1

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