We would like to express our sincere gratitude to all our stakeholders for their continued support and patronage.
Since establishment in June 2011, as a condominium construction company, First-corporation Inc. addresses housing needs through its business activities.
We strive to be a company that is invaluable to all our customers and business partners and in which they invest their expectations.
The Company has been steadily expanding its business since establishment, but due to intensifying competition for securing land for condominium, the business results for the 8th fiscal year were net sales of ¥19,015 million (down 8.7% year on year), operating income of ¥1,877 million (ditto 16.4%), ordinary income of ¥1,874 million (ditto 16.1%), and net income of ¥1,275 million (ditto 18.7%).
Under such circumstances, we have formulated a three-year medium-term management plan, with the fiscal year ending May 2022 (the 11th fiscal year) as the final year.
In this plan, we aim to recover the ratio of "Zouchu" business by securing land for condominium, and increase the market share in Tokyo area.
Further, we aim to expand the business other than the conventional fields, such as promotion of condominiums for active and seniors and participation in urban redevelopment business.
In order to meet the expectations and trust of all stakeholders, the whole company will continue to work together to promote our business.
Thank you for your continued support and guidance.
President and Chief Executive Officer