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First-corp (TSE:1430) EBIT : 円1,416 Mil (TTM As of May. 2024)


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What is First-corp EBIT?

First-corp's earnings before interest and taxes (EBIT) for the three months ended in May. 2024 was 円159 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in May. 2024 was 円1,416 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. First-corp's annualized ROC % for the quarter that ended in May. 2024 was 2.90%. First-corp's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2024 was 6.80%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. First-corp's Earnings Yield (Joel Greenblatt) % for the quarter that ended in May. 2024 was 13.47%.


First-corp EBIT Historical Data

The historical data trend for First-corp's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

First-corp EBIT Chart

First-corp Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,323.58 1,670.67 1,887.52 2,010.84 1,416.31

First-corp Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 666.70 211.14 458.83 587.38 158.98

Competitive Comparison of First-corp's EBIT

For the Residential Construction subindustry, First-corp's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First-corp's EV-to-EBIT Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, First-corp's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where First-corp's EV-to-EBIT falls into.



First-corp EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in May. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円1,416 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


First-corp  (TSE:1430) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

First-corp's annualized ROC % for the quarter that ended in May. 2024 is calculated as:

ROC % (Q: May. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Feb. 2024 ) + Invested Capital (Q: May. 2024 ))/ count )
=804.884 * ( 1 - 45.17% )/( (15494.688 + 14993.176)/ 2 )
=441.3178972/15243.932
=2.90 %

where

Invested Capital(Q: Feb. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=23070.148 - 4204.021 - ( 3371.439 - max(0, 11253.916 - 22336.021+3371.439))
=15494.688

Invested Capital(Q: May. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=23717.601 - 4606.821 - ( 4117.604 - max(0, 12863.146 - 22995.004+4117.604))
=14993.176

Note: The Operating Income data used here is four times the quarterly (May. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

First-corp's annualized ROC (Joel Greenblatt) % for the quarter that ended in May. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: May. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Feb. 2024  Q: May. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=635.908/( ( (143.577 + max(9465.417, 0)) + (136.665 + max(8955.254, 0)) )/ 2 )
=635.908/( ( 9608.994 + 9091.919 )/ 2 )
=635.908/9350.4565
=6.80 %

where Working Capital is:

Working Capital(Q: Feb. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6282.485 + 11042.27 + 1639.827) - (4204.021 + 0 + 5295.144)
=9465.417

Working Capital(Q: May. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5653.516 + 11125.167 + 2098.717) - (4606.821 + 0 + 5315.325)
=8955.254

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (May. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

First-corp's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: May. 2024 )
=1416.313/10512.190
=13.47 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


First-corp EBIT Related Terms

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First-corp Business Description

Traded in Other Exchanges
N/A
Address
4-30-16, Ogikubo, 8th Floor, Fujisawa Building, Suginami - ku, Tokyo, JPN, 167-0051
First-corp Inc engages in the condominium construction business. It provides general construction, consultation, planning and design. The firm purchases land, plans and designs, and proposes the same to business owners for construction contracts.

First-corp Headlines

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