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First-corporation (1430) · TargetAdvancedLatest Results briefing materials (2026-10-15): "Raised"

Sustained Growth Under the Medium-Term Management Plan “Innovation2016”

First written in FY2016. 24 of 39 entries say "Restated". Latest entry: 2026-10-15.

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  1. 2026-10-15RaisedResults briefing materials

    「フェーズ1は基盤構築の時期と位置づけ、先行投資を優先する計画としていたが、初年度から利益率改善と成長投資の両立に一定の目途が立ったため、営業利益計画を上方修正。」

    First VISION 2031について、売上高目標を維持しつつ、2027年5月期および2028年5月期の営業利益計画を上方修正している。
  2. FY2026AdvancedAnnual report

    「Medium- to long-term vision, Phase 1 (2026-2028), Numerical targets: fiscal year ending May 2026, actual (¥ million); fiscal year ending May 2027, plan (¥ million); fiscal year ending May 2028, plan (¥ million). Net sales: 36,417; 44,000; 50,000. Operating profit: 2,896; 3,500; 4,100. Ordinary profit: 2,689; 3,000; 3,400. Net income attributable to owners of the parent: 1,882; 2,070; 2,340.」

    For First VISION 2031, the company disclosed actual results for the fiscal year ending May 2026 and sales and profit targets for 2027 and 2028, providing greater detail on the plan's numerical targets.
  3. FY2026-H1ReframedAnnual report

    「The group formulated the medium-term management plan First VISION 2031 toward its 20th anniversary and announced a policy of targeting sales of ¥50 billion in fiscal year ending May 2028 as Phase 1 and sales of ¥100 billion in fiscal year ending May 2031 as Phase 2 (announced on 14 January 2026). Under the plan, it aims to improve capital efficiency through business initiatives to further expand existing businesses and proactive growth investment, toward the steady achievement of its numerical targets.」

    The group switched its medium-term management plan from Innovation2024 to First VISION 2031 and presented two time-bound targets: sales of ¥50 billion in the fiscal year ending May 2028 and sales of ¥100 billion in the fiscal year ending May 2031.
  4. FY2025-H1RaisedAnnual report

    「For the fiscal year ending May 2025, the first year of the plan, the company has revised its forecasts upward based on results for the interim consolidated accounting period and the outlook ahead. It will continue to pursue sustainable growth through continued efforts to expand the business and improve profit levels, as well as through the creation of new value.」

    The company revised upward its performance targets for the fiscal year ending May 2025, the first year of Innovation2024, based on results and the outlook. The revised figures are not provided in the text.
  5. FY2024ReframedAnnual report

    「Based on the latest business environment and order outlook, progress in transactions involving land for business use and real estate market conditions, the group formulated the new medium-term management plan Innovation2024, with new numerical targets. The plan's basic policy is to pursue continued business expansion and improvement in profit levels toward the early achievement of the group's immediate goal of annual sales of ¥50 billion and advancement to the next stage of annual sales of ¥100 billion, while aiming for sustainable growth and improved corporate value over the medium to long term.」

    The company switched its medium-term plan from Innovation2023 to Innovation2024 and established a new framework targeting the early achievement of annual sales of ¥50 billion and advancement to annual sales of ¥100 billion.
  6. FY2024-Q3RestatedAnnual report

    「Under the new medium-term management plan Innovation2023, beginning in the fiscal year ending May 2024, the company is working as a unified group to achieve the plan. It will continue to pursue sustainable growth through continued efforts to expand the business and improve profit levels, as well as through the creation of new value.」

    The company continues Innovation2023 as a 3-year plan beginning in the fiscal year ending May 2024, with targets of business expansion, improved profit levels, the creation of new value and sustainable growth.
  7. FY2024-Q2RestatedAnnual report

    「Under the new medium-term management plan Innovation2023, beginning in the fiscal year ending May 2024, the company is working as a unified group to achieve the plan. It will continue to pursue sustainable growth through continued efforts to expand the business and improve profit levels, as well as through the creation of new value.」

    The company continues Innovation2023 as a 3-year plan beginning in the fiscal year ending May 2024, and continues to target business expansion, improved profit levels, the creation of new value and sustainable growth.
  8. FY2024-Q1RestatedAnnual report

    「The company formulated the new 3-year medium-term management plan Innovation2023, beginning in the fiscal year ending May 2024, and is working as a unified organization to achieve it. It will continue to pursue sustainable growth through continued efforts to expand the business and improve profit levels, as well as through the creation of new value.」

    The company continues Innovation2023 as a 3-year plan beginning in the fiscal year ending May 2024, with targets of business expansion, improved profit levels, the creation of new value and sustainable growth.
  9. FY2023ReframedAnnual report

    「While carrying forward the basic policies and priority measures of the previous medium-term management plan, the group formulated the new medium-term management plan Innovation2023, with new numerical targets based on results for the fiscal year ended May 2023, recent market trends and the status of real estate transactions.」

    The company switched its medium-term plan from Innovation2022 to Innovation2023. Its immediate goal is to become a company with annual sales of ¥50 billion, and it targets business expansion, improved profit levels and sustainable growth through the creation of new value.
  10. FY2023-Q3RestatedAnnual report

    「Under the new 3-year medium-term management plan Innovation2022, beginning in the fiscal year ending May 2023, the company aims for sustainable growth through continued efforts to expand the business and improve profit levels, as well as through the creation of new value, and is working as a unified organization to achieve these goals.」

    The company continues Innovation2022 as a 3-year plan beginning in the fiscal year ending May 2023, with targets of business expansion, improved profit levels, the creation of new value and sustainable growth.
  11. FY2023-Q2RestatedAnnual report

    「The company formulated the new 3-year medium-term management plan Innovation2022, beginning in the fiscal year ending May 2023. It aims for sustainable growth through continued efforts to expand the business and improve profit levels, as well as through the creation of new value, and is working as a unified organization to achieve these goals.」

    The company continues to pursue Innovation2022 as a 3-year plan beginning in the fiscal year ending May 2023.
  12. FY2023-Q1RestatedAnnual report

    「The company formulated the new 3-year medium-term management plan Innovation2022, beginning in the fiscal year ending May 2023. It aims for sustainable growth through continued efforts to expand the business and improve profit levels, as well as through the creation of new value, and is working as a unified organization to achieve these goals.」

    The company continues to pursue Innovation2022 as a 3-year plan beginning in the fiscal year ending May 2023, with targets of business expansion, improved profit levels and the creation of new value.
  13. FY2022ReframedAnnual report

    「While carrying forward the basic policies and priority measures of the previous medium-term management plan, the company formulated the new medium-term management plan Innovation2022, with new numerical targets based on results for the fiscal year ended May 2022, recent market trends and the status of real estate transactions.」

    The company switched from Innovation2021 to the new medium-term management plan Innovation2022, whose first year is the fiscal year ending May 2023. Its basic policies are achieving annual sales of ¥50 billion, expanding the business, improving profit levels and creating new value.
  14. FY2022-Q3RestatedAnnual report

    「The company formulated the new 3-year medium-term management plan Innovation2021 to achieve annual sales of ¥50 billion and is working as a unified organization to achieve it. It will continue to pursue sustainable growth through continued efforts to expand the business and improve profit levels, as well as through the creation of new value.」

    The company continues to pursue Innovation2021 as a 3-year plan aimed at achieving annual sales of ¥50 billion, with targets of business expansion, improved profit levels and the creation of new value.
  15. FY2022-Q2RestatedAnnual report

    「The company formulated the new 3-year medium-term management plan Innovation2021 to achieve annual sales of ¥50 billion and is working as a unified organization to achieve it. It will continue to pursue sustainable growth through continued efforts to expand the business and improve profit levels, as well as through the creation of new value.」

    The company continues to pursue Innovation2021 as a 3-year plan aimed at achieving annual sales of ¥50 billion, with targets of business expansion, improved profit levels and the creation of new value.
  16. FY2022-Q1RestatedAnnual report

    「As the company enters its 11th year since founding, it has formulated the new 3-year medium-term management plan Innovation2021, beginning in the fiscal year ending May 2022, with the aim of achieving annual sales of ¥50 billion. It aims for sustainable growth through continued efforts to expand the business and improve profit levels, as well as through the creation of new value, and is working as a unified organization to achieve these goals.」

    The company continues to position Innovation2021 as a 3-year plan beginning in the fiscal year ending May 2022, with targets of achieving annual sales of ¥50 billion, expanding the business, improving profit levels and creating new value.
  17. FY2021ReframedAnnual report

    「While carrying forward the basic policies and priority measures of the previous medium-term management plan, the company formulated the new medium-term management plan Innovation2021, with new numerical targets based on results for the fiscal year ended May 2021, recent market trends and the status of real estate transactions.」

    The company switched its plan from Innovation2020 to the new medium-term management plan Innovation2021. Its basic policies are business expansion, improvement in profit levels and sustainable growth through the creation of new value, with achieving annual sales of ¥50 billion as its immediate goal.
  18. FY2021-Q3RestatedAnnual report

    「The company formulated the medium-term management plan Innovation2020, positioning the 3 years beginning in the fiscal year ending May 2021 as a step-up phase toward achieving annual sales of ¥50 billion, and is working as a unified organization to achieve the plan. It aims for sustainable growth through continued efforts to expand the business and improve profit levels, as well as through the creation of new value.」

    The company continues to position Innovation2020 and the 3 years beginning in the fiscal year ending May 2021 as a step-up phase toward annual sales of ¥50 billion.
  19. FY2021-Q2RestatedAnnual report

    「As the company reaches the milestone of its 10th year since founding, it has formulated the medium-term management plan Innovation2020, positioning the 3 years from the fiscal year ending May 2021 as a step-up phase toward achieving annual sales of ¥50 billion. It aims for sustainable growth through continued efforts to expand the business and improve profit levels, as well as through the creation of new value, and is working as a unified organization to achieve these goals.」

    The company continues to use Innovation2020 and the 3-year plan beginning in the fiscal year ending May 2021, aimed at achieving annual sales of ¥50 billion, as its framework for operating the business.
  20. FY2021-Q1RestatedAnnual report

    「As the company reaches the milestone of its 10th year since founding, it has formulated the medium-term management plan Innovation2020, positioning the 3 years from the fiscal year ending May 2021 as a step-up phase toward achieving annual sales of ¥50 billion. It aims for sustainable growth through continued efforts to expand the business and improve profit levels, as well as through the creation of new value, and is working as a unified organization to achieve these goals.」

    The company continues to position Innovation2020, covering the fiscal years ending May 2021 through May 2023, as a step-up phase toward annual sales of ¥50 billion.
  21. FY2020ReframedAnnual report

    「As the company reaches the milestone of its 10th year since founding, it has formulated Innovation2020, positioning the 3 years from the fiscal year ending May 2021 through the fiscal year ending May 2023 as a period of advancement toward achieving annual sales of ¥50 billion. The plan's basic policy is to pursue continued expansion of the business and improvement in profit levels while aiming for sustainable growth through the creation of new value.」

    The company switched its medium-term plan from Innovation2019 to Innovation2020, covering the fiscal years ending May 2021 through May 2023, and positioned this period as a step-up phase toward annual sales of ¥50 billion.
  22. FY2020-Q3RestatedAnnual report

    「There were no material changes during the cumulative third quarter period to the management policies, management strategies or other matters established by the Company.」

    The company indicates that its management policy and strategy, including Innovation2019, will continue, with no material changes.
  23. FY2020-Q2RestatedAnnual report

    「There were no material changes during the cumulative second quarter period to the management policies, management strategies or other matters established by the Company.」

    The company indicates that its management policy and strategy, including Innovation2019, will continue, with no material changes.
  24. FY2020-Q1RestatedAnnual report

    「There were no material changes to our management policies or management strategies during the first quarter cumulative period.」

    The company indicated that its management policies and strategies, including the medium-term management plan, would continue, with no material changes.
  25. FY2019ReframedAnnual report

    「The company formulated the three-year medium-term management plan Innovation2019, beginning with the fiscal year ending May 2020, aiming to expand the scope of its operations and build a foundation for sustainable and stable operations.」

    The company changed the plan name and period from Innovation2018 to the three-year plan Innovation2019, beginning with the fiscal year ending May 2020.
  26. FY2019-Q3RestatedAnnual report

    「There were no material changes during the cumulative third quarter period to the management policies, management strategies or other matters established by the Company.」

    The company indicated that its management policies and strategies, including the medium-term management plan, would continue, with no material changes.
  27. FY2019-Q2RestatedAnnual report

    「There were no material changes during the cumulative second quarter period to the management policies, management strategies or other matters established by the Company.」

    The company indicated that its management policies and strategies, including the medium-term management plan, would continue, with no material changes.
  28. FY2019-Q1RestatedAnnual report

    「There were no material changes to our management policies or management strategies during the first quarter cumulative period.」

    The company indicated that its management policies and strategies, including the medium-term management plan, would continue, with no material changes.
  29. FY2018ReframedAnnual report

    「The Company formulated the three-year medium-term management plan “Innovation2018,” beginning with the fiscal year ending May 2019, to expand earnings while addressing issues including securing development sites, expanding construction personnel and work-style reform.」

    The company changed the plan from Innovation2017 to the three-year plan Innovation2018, beginning with the fiscal year ending May 2019. It identified securing land, the construction workforce and work-style reform as challenges.
  30. FY2018-Q3RestatedAnnual report

    「There were no material changes during the cumulative third quarter period to the management policies, management strategies or other matters established by the Company.」

    The company indicated that its management policies and strategies, including the medium-term management plan, would continue, with no material changes.
  31. FY2017ReframedAnnual report

    「The company formulated the three-year medium-term management plan Innovation2017, beginning with the fiscal year ending May 2018, and set performance targets for that fiscal year of net sales of ¥27,667 million, ordinary income of ¥2,392 million, net income of ¥1,653 million and maintaining ROE above 40%. It also set performance targets for the fiscal year ending May 2020, the final year of the medium-term management plan, of net sales of ¥34,911 million, ordinary income of ¥3,167 million and net income of ¥2,197 million.」

    The company changed the plan name and period from Innovation2016, beginning with the fiscal year ending May 2017, to the three-year plan Innovation2017, beginning with the fiscal year ending May 2018.
  32. FY2017-Q2RestatedAnnual report

    「The Company has formulated a new three-year medium-term management plan, “Innovation2016,” beginning with the fiscal year ending May 2017, and is conducting its business under the plan.」

    The three-year medium-term management plan beginning with the fiscal year ending May 2017 continues to serve as the framework for business operations.
  33. FY2017-Q1RestatedAnnual report

    「The Company has formulated a new three-year medium-term management plan, “Innovation2016,” beginning with the fiscal year ending May 2017, and is conducting its business under the plan.」

    The three-year plan beginning with the fiscal year ending May 2017 continues to serve as the framework for business operations.
  34. FY2016First statedAnnual report

    「The Company has formulated a new three-year medium-term management plan, “Innovation2016,” beginning with the fiscal year ending May 2017, and is conducting its business under the plan.」

    The Company introduced a three-year plan beginning with the fiscal year ending May 2017 to establish a strong position in the Tokyo metropolitan condominium business and create a foundation for sustained growth.
Moved together

"Revenue, Profit and ROE Targets Under Innovation2017" moved the same way as this thread, in the same document, in 12 of its 39 moves.

1265444★123456
  1. ★This thread
  2. 1Revenue, Profit and ROE Targets Under Innovation201712×
  3. 2Improving Project Profitability and Reducing Costs6×
  4. 3Inventory and Real Estate Risk Associated with the Land-Sourced Contracting Model5×
  5. 4Expanding Construction Capacity4×
  6. 5Expanding Production Capacity Through Hiring4×
  7. 6Risk of Rising Construction Material Prices and Labor Costs4×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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