First-First-corporation Inc.1430東証スタンダード建設業FY ending May 2026, consolidated, J-GAAP
Out of every ¥100 of sales, about ¥8 is left as operating profit. Revenue changed -15.7% from the prior year, operating profit +12.3%.
Net margin × asset turnover = ROA; ROA × financial leverage = ROE
Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.
| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE |
|---|---|---|---|---|---|
| 2022 | 4.2% | 1.69× | 7.1% | 2.57× | 18.3% |
| 2023 | 5.3% | 1.19× | 6.4% | 2.71× | 17.2% |
| 2024 | 3.3% | 1.26× | 4.2% | 2.76× | 11.5% |
| 2025 | 3.9% | 1.78× | 6.9% | 2.67× | 18.3% |
| 2026 | 5.2% | 1.27× | 6.6% | 2.74× | 18.0% |
Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.
Annual trends in tangible-asset ratios and goodwill balance.
Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition
Track R&D investment and how long operating capital remains tied up before sales turn into cash.
R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.
| Item | FY ending May 2022 | FY ending May 2023 | FY ending May 2024 | FY ending May 2025 | FY ending May 2026 |
|---|---|---|---|---|---|
| Revenue | 30,179 | 25,544 | 28,485 | 43,194 | 36,417 |
| Cost of revenue | 27,007 | 22,156 | 25,622 | 38,997 | 31,725 |
| Gross profit | 3,172 | 3,388 | 2,863 | 4,198 | 4,692 |
| SG&A | 1,253 | 1,404 | 1,409 | 1,618 | 1,796 |
| Operating income | 1,919 | 1,984 | 1,454 | 2,580 | 2,896 |
| Pretax income | 1,854 | 1,979 | 1,377 | 2,462 | 2,690 |
| Income tax | 585 | 615 | 432 | 792 | 808 |
| Net income attributable to owners | 1,269 | 1,365 | 945 | 1,670 | 1,882 |
| Operating margin | 6.4% | 7.8% | 5.1% | 6.0% | 8.0% |
Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.
Each bar totals 100% of assets; other is the residual.
| Item | FY ending May 2022 | FY ending May 2023 | FY ending May 2024 | FY ending May 2025 | FY ending May 2026 |
|---|---|---|---|---|---|
| Cash and equivalents | ¥4.92B | ¥5.06B | ¥4.12B | ¥5.4B | ¥2.62B |
| Total assets | ¥17.8B | ¥21.5B | ¥23.7B | ¥24.9B | ¥32.3B |
| Net assets | ¥6.93B | ¥7.92B | ¥8.47B | ¥9.76B | ¥11.1B |
| Share capital | ¥730.4M | ¥730.4M | ¥730.4M | ¥730.4M | ¥730.4M |
| Property, plant and equipment | ¥36.3M | ¥150.6M | ¥136.7M | ¥159.8M | ¥151.2M |
| Intangible assets excluding goodwill | ¥11.4M | ¥18.6M | ¥14.3M | ¥15.3M | ¥13.3M |
| Investment securities | ¥33K | ¥32M | ¥32M | ¥32M | ¥32M |
| Current assets | ¥17.4B | ¥20.8B | ¥23B | ¥24.2B | ¥31.2B |
| Current liabilities | ¥7.86B | ¥10.3B | ¥12.9B | ¥11.6B | ¥12.6B |
| Short-term borrowings | — | ¥210M | ¥1.5B | ¥270M | ¥1.84B |
| Long-term borrowings | ¥2.85B | ¥3B | ¥2.15B | ¥3.19B | ¥8.12B |
| Total liabilities | ¥10.9B | ¥13.5B | ¥15.2B | ¥15.1B | ¥21.1B |
| Equity attributable to owners of parent | ¥6.93B | ¥7.92B | ¥8.46B | ¥9.76B | ¥11.1B |
| Retained earnings | ¥6.58B | ¥7.52B | ¥8.04B | ¥9.33B | ¥10.7B |
| Treasury stock | -¥1.07B | -¥1.02B | -¥993.7M | -¥1.03B | -¥993.8M |
EDINET (FSA Japan)
有価証券報告書－第15期(2025/06/01－2026/05/31)
EDINET (FSA Japan)
有価証券報告書－第14期(2024/06/01－2025/05/31)
EDINET (FSA Japan)
有価証券報告書－第13期(2023/06/01－2024/05/31)
EDINET (FSA Japan)
有価証券報告書－第12期(2022/06/01－2023/05/31)
EDINET (FSA Japan)
有価証券報告書－第11期(令和3年6月1日－令和4年5月31日)
EDINET (FSA Japan)
有価証券報告書－第10期(令和2年6月1日－令和3年5月31日)
Extracted from XBRL: 48 / Derived from other figures: 1
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