Copro-holdings Co., Ltd. · TSE:7059

Copro-holdings — FY2024 Earnings Presentation

44 slides from Copro-holdings's earnings presentation, May 14, 2024

Slide 1: Financial Results for FYE2024
・当社イメージキャラクター：お笑いコンビ宮下草薙・当社マスコット：コプ郎 Fiscal Year Ended March 31, 2024 Financial Results for FYE2024 Tokyo Stock Exchange-Prime, Nagoya Stock Exchange Premier (Ticker Symbol: 7059) May 14, 2024
Slide 2: FYE2024/FYE2025 Forecast Message from Management
FYE2024/FYE2025 Forecast Message from Management Our main business of construction technician dispatch continues to progress at a brisk speed The serious manpower shortage situation is persisting against the backdrop of regulations capping overtime work that began in April 2024, and large-scale cons
Slide 3: Section agenda
SECTION Summary of the Consolidated Financial 1 Results for FYE2024 2 Analysis of KPIs FYE2025 Business Summary and Growth 3 Strategy 4 FYE2025 Earnings Forecast 5 FYE2025 Dividend Forecast Measures to Be Taken to Implement a 6 Management that is Conscious of the Capital Cost and the Stock Price Ann
Slide 5: Highlights of the Consolidated Financial Results for FYE2024
Highlights of the Consolidated Financial Results for FYE2024 Number of Consolidated Net Sales Operating Profit Technicians and Engineers 3,929people 24,098million yen 2,141million yen (YoY+29.4％) (YoY+28.2％) (YoY+62.0％) (Vs. Forecast -8.0％) (Vs. Forecast -0.8％) (Vs. Forecast +4.9％) Profit Attributab
Slide 6: Consolidated Financial Results for FYE2024
Consolidated Financial Results for FYE2024 (million of yen） FYE2023 FYE2024 Full Year Full Year Vs. Initial Vs. Revised Ratio Ratio YoY Results Results Forecast Forecast Net sales 18,791 100.0％ 24,098 100.0% +28.2% -0.8% -0.8% Cost of sales 13,216 70.3％ 17,323 71.9% +31.1% +0.5% +0.5% Gross profit 5
Slide 7: Quarterly Consolidated Financial Results
Quarterly Consolidated Financial Results • Both sales and the number of technical employees in the fourth quarter increased from the previous quarter. • It was a record high on a quarterly basis. 7,000 6,601 4,500 6,500 6,359 3,929 5,731 3,709 4,000 6,000 5,406 3,515 5,206 3,314 5,500 3,500 4,914 5,
Slide 8: FYE2024 Financial Results by Subsidiaries
FYE2024 Financial Results by Subsidiaries • Sales of COPRO CONSTRUCTION. Co., Ltd. increased significantly due to the highest number of recruits ever. This subsidiary also absorbed the increase in recruiting costs and personnel costs to achieve an increase in operating profit of 746 million yen YoY.
Slide 10: KPIs by Business
KPIs by Business • The number of recruits grew considerably, particularly at COPRO CONSTRUCTION. Co., Ltd. This led to the number of technical employees increasing by 893, or +29.4% YoY, to 3,929. - (people, thousand of yen) FYE2023 FYE2024 YoY 1H 2H Full-Year 1H 2H Full-Year Pct Change Amount of Ch
Slide 11: Construction Technician Dispatching Business KPIs
Reference） Construction Technician Dispatching Business KPIs • The number of recruits increased by 37.5% YoY to 2,024 due to improved process management. • The retention rate decreased by 3.1 points YoY to 74.3% due to an increase in the number of newly recruited technical employees resigning in the
Slide 12: Mechanical Design and Development Engineer Business KPIs
Reference） Mechanical Design and Development Engineer Dispatching and Contracting Business KPIs • The number of new recruits increased significantly due to active investment in recruiting costs and an increase in the number of people in charge of recruitment, with the technical employees increasing
Slide 13: SES Business KPIs
Reference） SES Business KPIs • As a result of focusing on the operation of “Bscareer IT”, a project introduction site for IT engineers that opened in March 2023, the number of applicants has increased. • Eight technical employees were added to the group after it took over the SES business of Pacific
Slide 15: Construction Industry Trends: Expanding Dispatching Market
Business Overview (Construction Technician Dispatching): Construction Industry Trends The technician dispatching market is in an expanding trend due to the chronic labor shortage Human resources services for the construction Number of construction industry employees*1 industry - Market size forecast
Slide 16: Construction Industry Trends: Demand Growth
Business Overview (Construction Technician Dispatching): Construction Industry Trends Demand will continue to grow due to the application of the revised Labor Standards Law*1 and active construction investment Construction industry continues to see The approaching 2024 problem large-scale projects ■
Slide 17: Growth Strategy (Construction Technician Dispatch)
Growth Strategy (Construction Technician Dispatch) ✓ Continuing from FYE2024, in order to capture the tailwind of the business environment, we will increase the number of hires in FYE2025 as well, and we will aim to expand the number of technical employees and the scale of our business ✓ We will foc
Slide 18: Growth Strategy 1: Further Expansion of Recruitment
Growth Strategy ①：Further Expansion of Recruitment ✓ While refining our process management, we will continue to do our own recruitment, which is our strength and has the highest level in our industry Following on from FYE2024, we will expand Continuing our own recruiting, which has the number of rec
Slide 19: Growth Strategy 1: Further Expansion of Recruitment (channels)
Growth Strategy ①：Further Expansion of Recruitment ✓ Expanding our recruiting channels by utilizing such things as our own recruitment website “Bscareer Construction” and referral recruitment Our own website “Bscareer Construction” Point 1 Improving user satisfaction through updating By changing fro
Slide 20: Growth Strategy 2: Retention of First & Second-Year Technical Employees
Growth Strategy ②: Retention of First & Second-Year Technical Employees ✓ We will focus more on technical employee retention, and develop a middle tier with a high unit price Trend of increasing from the third year Strengthening the segment whose the unit price charged unit price is on the rise ■ Tr
Slide 22: Full FY Earnings Forecast for FYE2025 (Summary)
Full FY Earnings Forecast for FYE2025 (Summary) Number of Consolidated Net Sales Operating Profit Technicians and Engineers 5,168people 30,000million yen 2,700million yen YoY +31.5％ YoY +24.5％過去 YoY +26.1％最高 Profit Attributable to Non-GAAP Operating Profit Ordinary Profit Owners of Parent 3,162mil
Slide 23: FYE2025 Consolidated Earnings Forecast
FYE2025 Consolidated Earnings Forecast （million of yen） FYE2024 FYE2025 (Forecast) Full Year YoY Ratio Full-Year Ratio Amount of Results Pct Change Change Net sales 24,098 100.0% 30,000 100.0% +24.5% +5,901 Cost of sales 17,323 71.9% 21,551 71.8% +24.4% +4,227 Gross profit 6,774 28.1% 8,449 28.2% +2
Slide 24: FYE2025 KPIs by Business (Forecast)
- FYE2025 KPIs by Business (Forecast) (people, thousand of yen) FYE2024 FYE2025 Full-Year YoY 1H 2H Full-Year (Forecast) Amount of Pct Change Change Total recruited 1,166 1,056 2,222 2,776 +24.9% +554 Construction technician dispatch 1,072 952 2,024 2,299 +13.6% +275 Mechanical design engineer 56 62
Slide 26: Revision of Dividend Forecast (Dividend Increase)
Revision of Dividend Forecast (Dividend Increase) Dividend Policy Dividends are the basis for shareholder returns, which we consider to be one of the important management issues, and our basic policy is to pay stable dividends. We will not reduce dividends, but rather maintain a consolidated dividen
Slide 27: Status for Complying with Criteria to Maintain our Prime Market Listing
Status for Complying with Criteria to Maintain our Prime Market Listing • In order to meet the criteria of “market capitalization of 10 billion yen or more for tradable shares” to maintain our listing, and recognizing that further improvement in our stock price, which is a component of market capita
Slide 28: Measures for Management Conscious of Capital Cost and Stock Price
SECTION 06 Measures to Be Taken to Implement a Management that is Conscious of the Capital Cost and the Stock Price ©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved. 27
Slide 29: Analysis of the Current Situation and Future Policy
Measures to Be Taken to Implement a Management that is Conscious of the Capital Cost and the Stock Price Analysis of the Current Situation Future Policy • With the construction technician dispatching business as the • Due to strong business results and a review of shareholder main driver, we have ac
Slide 30: Appointment of the President and CEO of COPRO CONSTRUCTION
SECTION 07 Announcement of the Appointment of the President and Chief Executive Officer of COPRO CONSTRUCTION. Co., Ltd. ©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved. 29
Slide 31: Appointment of the President and CEO of COPRO CONSTRUCTION (Scheduled)
Announcement of the Appointment of the President and Chief Executive Officer of COPRO CONSTRUCTION. Co., Ltd. (Scheduled) ✓ Start of a new structure towards further breakthroughs In June 2024, COPRO CONSTRUCTION. Co., Ltd., which operates a construction technician dispatching business, is scheduled
Slide 33: Company Outline
Company Outline Company COPRO-HOLDINGS. Co., Ltd. Domestic • COPRO CONSTRUCTION. Co., Ltd. Name Subsidiaries • COPRO TECHNOLOGY. Co., Ltd. Representa Kosuke Kiyokawa, CEO tive Overseas • COPRO VIETNAM CO., LTD. Head Dai Nagoya Building 25F, 3-28-12 Subsidiaries Office Meieki, Nakamura-ku, Nagoya, Ai
Slide 34: Introduction of the Management Team
Introduction of the Management Team ➢ COPRO-HOLDINGS. Co., Ltd. ➢ COPRO CONSTRUCTION. Co., Ltd. ➢ COPRO TECHNOLOGY. Co., Ltd. President and Representative Director President and Representative Director President and Representative Director Kosuke Kiyokawa Yusuke Koshikawa Hideki Nishioka ➢ Born in A
Slide 35: Company History
Company History 2006 Oct. Trusty Crew Co., Ltd. established 2008 Mar. The Company name changed to COPRO-ENGINEERD Co., Ltd. 2015 May Shifted to a holdings (holding company) system with COPRO-HOLDINGS. Co., Ltd. as pure holding company 2019 Mar. Listed on the Mothers market of the Tokyo Stock Exchang
Slide 36: Business Outline
Business Outline Engineer Employment Outsourcing *1 Employment contract contract contract Construction Technician Mechanical Design and Development Engineer Dispatching Business Dispatching and Contracting / SES Business COPRO CONSTRUCTION. Co., Ltd. COPRO TECHNOLOGY. Co., Ltd. Providing labor Numbe
Slide 37: Mission Vision Value
企業理念 Issues of the Construction Industry MISSION Creating a dynamic Aging of Delay of Digital Chronic labor engineers Transformation ”human driven” society shortage Resolve the Construction Industry Issues VISION Realization of Our Purpose The best “work style” and the best “workers.” Becoming a hum
Slide 38: Dispatch Area: Construction Technician Dispatching
Dispatch Area：Construction Technician Dispatching Area of Technician Dispatching Role of Construction Management Ordering party (Country, local governments, developers, etc.) The main duties are coordination and preparation such as adjusting construction progress, ordering materials and ensuring saf
Slide 39: Business Characteristics
Business Characteristics A “stock-type business” with high growth potential (Bln of yen, people） By increasing sales in proportion to the number of dispatched technical employees, stable earnings growth can be expected 5,168 350 450 0 300 3,929 Achieved 17 consecutive years of 30.0 revenue growth si
Slide 40: Group Business Scale
Group Business Scale Market size of human resource services for the construction industry (comparison of 9 listed companies) Net Sales Ratio（FYE2024）（Bln of yen） O社O 40.1 Consolidated Net Sales O社O 23.1 Market Share 24,098million yen COPRO コプロCN CONSTRUCTION 21.8 3.9％ T社T 21.6 T社T 16.2 N社N 16.0 W社W
Slide 41: Branch Office
Branch Office Construction Technician Dispatching 11 base Mechanical Design and Development Engineer Dispatching and Contracting 4 base SES 1 base Overseas 1 base *As of December 2023 ©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved. 40
Slide 42: Progress of the Medium-Term Management Plan
Progress of the Medium-Term Management Plan • While making investments in growth, such as recruiting costs mainly in the construction technician dispatching business, we aim to accelerate the organic growth of existing businesses and exceed the Medium-Term Plan performance targets for each fiscal ye
Slide 43: Consolidated Financial Results
Consolidated Financial Results Net Sales Operating Profit Non-GAAP Operating Profit （Mln of yen）（Mln of yen）（Mln of yen） 2,700 30,000 3,162 2,141 24,098 2,437 1,621 18,791 1,437 1,321 1,841 14,836 15,589 1,530 1,606 FYE2021 21/3期 FYE2022 22/3期 FYE2023 23/3期 FYE2024 24/3期 FYE2025 25/3期(予想) FYE2021
Slide 44: Disclaimer and Forward-Looking Statements
Disclaimer and Forward-Looking Statements ◼ This document has been prepared by COPRO-HOLDINGS. Co., Ltd. (the “Company”) to assist investors in understanding the current status of Company. ◼ The information contained in this document is based on economic, social, and other conditions generally recog

COPRO-HOLDINGS — FY2024 Earnings Presentation on 6ix

Copro-holdings — FY2024 Earnings Presentation

Slide 1: Financial Results for FYE2024

Slide 2: FYE2024/FYE2025 Forecast Message from Management

Slide 3: Section agenda

Slide 4: Summary of the Consolidated Financial Results for FYE2024

Slide 5: Highlights of the Consolidated Financial Results for FYE2024

Slide 6: Consolidated Financial Results for FYE2024

Slide 7: Quarterly Consolidated Financial Results

Slide 8: FYE2024 Financial Results by Subsidiaries

Slide 9: Analysis of KPIs

Slide 10: KPIs by Business

Slide 11: Construction Technician Dispatching Business KPIs

Slide 12: Mechanical Design and Development Engineer Business KPIs

Slide 13: SES Business KPIs

Slide 14: FYE2025 Business Summary and Growth Strategy

Slide 15: Construction Industry Trends: Expanding Dispatching Market

Slide 16: Construction Industry Trends: Demand Growth

Slide 17: Growth Strategy (Construction Technician Dispatch)

Slide 18: Growth Strategy 1: Further Expansion of Recruitment

Slide 19: Growth Strategy 1: Further Expansion of Recruitment (channels)

Slide 20: Growth Strategy 2: Retention of First & Second-Year Technical Employees

Slide 21: FYE2025 Earnings Forecast

Slide 22: Full FY Earnings Forecast for FYE2025 (Summary)

Slide 23: FYE2025 Consolidated Earnings Forecast

Slide 24: FYE2025 KPIs by Business (Forecast)

Slide 25: FYE2025 Dividend Forecast

Slide 26: Revision of Dividend Forecast (Dividend Increase)

Slide 27: Status for Complying with Criteria to Maintain our Prime Market Listing

Slide 28: Measures for Management Conscious of Capital Cost and Stock Price

Slide 29: Analysis of the Current Situation and Future Policy

Slide 30: Appointment of the President and CEO of COPRO CONSTRUCTION

Slide 31: Appointment of the President and CEO of COPRO CONSTRUCTION (Scheduled)

Slide 32: Appendix: Company Outline

Slide 33: Company Outline

Slide 34: Introduction of the Management Team

Slide 35: Company History

Slide 36: Business Outline

Slide 37: Mission Vision Value

Slide 38: Dispatch Area: Construction Technician Dispatching

Slide 39: Business Characteristics

Slide 40: Group Business Scale

Slide 41: Branch Office

Slide 42: Progress of the Medium-Term Management Plan

Slide 43: Consolidated Financial Results

Slide 44: Disclaimer and Forward-Looking Statements