First-corporation is a general contractor that in the construction of built-for-sale condominiums mainly in the Tokyo area.
Following a period of brisk growth after its establishment in June 2011, First-corporation listed on the Mothers section of the Tokyo Stock Exchange in March 2015.
First-corporation moved its listing to the First Section of the Tokyo Stock Exchange in December 2016, and then moved to the Prime Market of the Tokyo Stock Exchange in April 2022.
First-corporation moved its listing to the Standard Market of the Tokyo Stock Exchange in October 2023.
Major clients
First-corporation has a history of special dealings with major developers, and is also developing new clients.
Clients comprise leading condominium developers, mostly major players including Tokyo Tatemono Co., Ltd., Chuo-Nittochi Co., Ltd., Nippon Steel Kowa Real Estate Co., Ltd., Hankyu Hanshin Properties Corp., Nomura Real Estate Development Co., Ltd., Tyuou Jyutaku Co., Ltd., Arnest One Corp. and Daiwa House Industry Co., Ltd..
Boost profit margin with special assignment orders by "Zouchu" business.
In addition to aggressive business expansion centered on the "Zouchu" business, we are developing new clients that appreciate our passion for quality.
Business environment
The Group aims to expand its market share over the medium term amid a favorable business environment.
The supply number of condominium units in calendar year 2023 in the Tokyo area and three neighboring prefectures (Tokyo, Kanagawa Prefecture, Saitama Prefecture and Chiba Prefecture) is expected to about 31,000 units, compared to 26,886 units in calendar year 2023. The number of construction starts is expected to same level from last year.
The Group's market share in the fiscal year ended May 31, 2024 was only about 3%, which underscores the considerable potential to grow market share.
The Group aims to expand our business by promoting "Zouchu" method, strengthening our construction business, focusing on redevelopment projects, and investing in growth.
