First-Corporation Inc. Reports Non-Consolidated Earnings Results for the Nine Months Ended of February 28, 2017; Provides Earnings Guidance for the Fiscal Year Ending of May 31, 2017; Provides Dividend Guidance for the Year Ending of May 31, 2017
April 07, 2017
Share
First-corporation Inc. reported non-consolidated earnings results for the nine months ended of February 28, 2017. For the period, the company reported net sales of JPY 17,620 million compared to JPY 11,419 million a year ago. Operating income was JPY 1,616 million compared to JPY 1,124 million a year ago. Ordinary income was JPY 1,568 million compared to JPY 1,064 million a year ago. Net income was JPY 1,073 million compared to JPY 706 million a year ago. Diluted net income per share was JPY 85.41 compared to JPY 57.42 a year ago. Income before income taxes was JPY 1,568,910,000 compared to JPY 1,064,973,000 a year ago.
The company provided earnings guidance for the fiscal year ending of May 31, 2017. For the period, the company expects net sales to be of JPY 21,842 million. Operating income expected to be of JPY 1,908 million. Ordinary income expected to be of JPY 1,836 million. Net income expected to be of JPY 1,270 million. Net income per share expected to be of JPY 101.37.
The company provided dividend guidance for the year ending of May 31, 2017. For the period, the company expects dividend of JPY 37.00 per share compared to JPY 26.00 per share a year ago.
First-corporation Inc. is a Japan-based company primarily engaged in the condominium construction business. Its main businesses include construction work that specializes in condominium, commercialized proposal to condominium developers, construction industry permit based on the Construction Business Act, registration as ARCHITECTS based on the Architect Act and Construction Business Act, intermediation of real estates, as well as brokering and trading of real estate generated in the process of commercialization proposal to condominium developers. Its business areas are Tokyo, Kyushu and surrounding areas.
First-Corporation Inc. Reports Non-Consolidated Earnings Results for the Nine Months Ended of February 28, 2017; Provides Earnings Guidance for the Fiscal Year Ending of May 31, 2017; Provides Dividend Guidance for the Year Ending of May 31, 2017
FIRST-CORPORATION INC. 
