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First Brothers Co.,Ltd. logo

First Brothers Co.,Ltd.

3454.T

JPXFinancial ServicesInvestment - Banking & Investment Services

Open in GoAI

Latest quote

¥1,289

+¥9.00 · +0.70%

Aug 24, 3:30 PM JST

3454.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Founded in Tokyo, Japan in 2004, First Brothers Co.,Ltd. is a Japanese entity primarily engaged in investment management and investment banking. Its investment management division oversees the entire lifecycle of funds, from their creation and asset procurement to active management and divestment, while also offering specialized real estate investment advisory and managing the development of commercial properties. The company also commits capital through co-investments in various funds and direct investments across a wide range of assets, including offices, residential buildings, commercial spaces, venture capital, debt instruments, private equity, and real estate funds. Complementing these activities, its investment banking arm delivers extensive corporate advisory services, assisting clients with mergers and acquisitions, strategic capital alliances, and securing funding.

Industry
Investment - Banking & Investment Services
Sector
Financial Services
Headquarters
JP
CEO
Tomoki Yoshihara
Listed since
Feb 18, 2015
Employees
174

Market position

Day range

Current ¥1,289

52-week range

Current ¥1,289

Open
¥1,280
Previous close
¥1,280
Volume
7.2K
0.74× average
Average volume
9.78K
Average daily volume
Market cap
18.08B JPY
Beta
0.06
Market reference 1
50-day average
¥1,235.52
+4.33% above average
200-day average
¥1,206.06
+6.88% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
64.94B JPY
P/E (TTM)
4.56×
P/B (TTM)
0.64×
P/S (TTM)
0.75×
EV / EBITDA
11.9×
Earnings yield
10.68%
Free cash flow yield
22.46%
Dividend yield
2.72%

Profitability & efficiency

Gross margin
36.58%
Operating margin
30.07%
Net margin
16.39%
Return on equity
6.69%
Return on assets
1.95%
Return on invested capital
3.16%

Financial health

Debt / equity
1.92×
Current ratio
2.95×
Altman Z-score
1.24
Piotroski F-score
8 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends36%26%16%6%Gross margin, FY2021: 25.64%Gross margin, FY2022: 28.63%Gross margin, FY2023: 31.35%Gross margin, FY2024: 30.27%Gross margin, FY2025: 33.84%Operating margin, FY2021: 18.51%Operating margin, FY2022: 12.71%Operating margin, FY2023: 20.04%Operating margin, FY2024: 16.83%Operating margin, FY2025: 27.88%Net margin, FY2021: 10.48%Net margin, FY2022: 8.26%Net margin, FY2023: 14.31%Net margin, FY2024: 8.40%Net margin, FY2025: 9.18%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 25.64%. Gross margin FY2022 28.63%. Gross margin FY2023 31.35%. Gross margin FY2024 30.27%. Gross margin FY2025 33.84%. Operating margin FY2021 18.51%. Operating margin FY2022 12.71%. Operating margin FY2023 20.04%. Operating margin FY2024 16.83%. Operating margin FY2025 27.88%. Net margin FY2021 10.48%. Net margin FY2022 8.26%. Net margin FY2023 14.31%. Net margin FY2024 8.40%. Net margin FY2025 9.18%.

Income trends

Revenue

19.06B JPY+13.03%

Operating income

5.31B JPY+87.25%

Net income

1.75B JPY+23.49%
Income trends across reported periods29.24B JPY19.03B JPY8.83B JPY−1.37B JPYRevenue, FY2021: 26.69B JPYRevenue, FY2022: 14.28B JPYRevenue, FY2023: 22.27B JPYRevenue, FY2024: 16.87B JPYRevenue, FY2025: 19.06B JPYOperating income, FY2021: 4.94B JPYOperating income, FY2022: 1.82B JPYOperating income, FY2023: 4.46B JPYOperating income, FY2024: 2.84B JPYOperating income, FY2025: 5.31B JPYNet income, FY2021: 2.8B JPYNet income, FY2022: 1.18B JPYNet income, FY2023: 3.19B JPYNet income, FY2024: 1.42B JPYNet income, FY2025: 1.75B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 26.69B JPY. Revenue FY2022 14.28B JPY. Revenue FY2023 22.27B JPY. Revenue FY2024 16.87B JPY. Revenue FY2025 19.06B JPY. Operating income FY2021 4.94B JPY. Operating income FY2022 1.82B JPY. Operating income FY2023 4.46B JPY. Operating income FY2024 2.84B JPY. Operating income FY2025 5.31B JPY. Net income FY2021 2.8B JPY. Net income FY2022 1.18B JPY. Net income FY2023 3.19B JPY. Net income FY2024 1.42B JPY. Net income FY2025 1.75B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue19.06B JPY16.87B JPY22.27B JPY14.28B JPY26.69B JPY
Cost of goods sold12.61B JPY11.76B JPY15.29B JPY10.19B JPY19.84B JPY
Gross profit6.45B JPY5.1B JPY6.98B JPY4.09B JPY6.84B JPY
Selling, general, and administrative——2.35B JPY2.19B JPY1.69B JPY
Operating expenses1.14B JPY2.27B JPY2.52B JPY2.27B JPY1.9B JPY
Interest income8.14M JPY672K JPY86K JPY810K JPY2.29M JPY
Interest expense789.99M JPY642.72M JPY623.73M JPY577.77M JPY472.3M JPY
Depreciation and amortization1.38B JPY1.34B JPY1.27B JPY1.09B JPY832.12M JPY
Operating income5.31B JPY2.84B JPY4.46B JPY1.82B JPY4.94B JPY
Net income1.75B JPY1.42B JPY3.19B JPY1.18B JPY2.8B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
138.77

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates149.48101.0352.584.12Q4 '24Q1 '25Q2 '25Q3 '25Q3 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 8, 2024: actual 23.01, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 10, 2025: actual 65.24, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 8, 2025: actual 4.85, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 7, 2025: actual 11.12, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 31, 2025: actual 31.09, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 9, 2026: actual 77.73, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 10, 2026: actual 35.02, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 10, 2026: actual 138.77, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates9.49B6.99B4.49B1.99BQ4 '24Q1 '25Q2 '25Q3 '25Q3 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 8, 2024: actual 3.54B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 10, 2025: actual 8.96B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 8, 2025: actual 2.34B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 7, 2025: actual 3.03B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 31, 2025: actual 4.94B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 9, 2026: actual 8.75B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 10, 2026: actual 3.79B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 10, 2026: actual 6.71B JPY, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥35.00

2025 complete year+29.6% since 2021

Corporate action history

DividendUpcoming

Ex-dividend Nov 27, 2026

¥37.00

Annual

Record Nov 30, 2026 · Payment Nov 27, 2026

Dividend

Ex-dividend Nov 27, 2025

¥35.00

Annual

Record Nov 30, 2025 · Payment Feb 6, 2026

Dividend

Ex-dividend Nov 28, 2024

¥34.00

Semi-Annual

Record Nov 30, 2024 · Payment Feb 7, 2025

Dividend

Ex-dividend May 30, 2024

¥33.00

Semi-Annual

Record May 31, 2024 · Payment Aug 5, 2024

Dividend

Ex-dividend Nov 29, 2023

¥32.00

Annual

Record Nov 30, 2023 · Payment Feb 8, 2024

Dividend

Ex-dividend Nov 29, 2022

¥30.00

Annual

Record Nov 30, 2022 · Payment Feb 2, 2023

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