Copro-holdings Co., Ltd. · TSE:7059

Copro-holdings — Q3 FYE3/2026 Earnings Presentation

47 slides from Copro-holdings's earnings presentation, February 2026

Slide 1: 3rd Quarter of FYE2026 Financial Results
3rd Quarter of FYE2026 Financial Results COPRO-HOLDING. Co., Ltd. Tokyo Stock Exchange-Prime, Nagoya Stock Exchange-Premier (Ticker Symbol: 7059) ©2026 COPRO-HOLDINGS. Co., Ltd. All rights reserved.
Slide 2: Agenda
Summary of Financial Results for 01 3Q FYE 3/2026 02 Analysis of KPIs by Business Segment Overview of the Construction 03 Technician Dispatching Business Aiming for an Overwhelming No.1 04 Position in the Industry SECTION Earnings and Dividend Forecast for 05 FYE3/2026 Reference: Company Profile and
Slide 4: 3Q FYE3/2026 Consolidated Financial Highlights
3Q FYE3/2026 Consolidated Financial Highlights Point 1 Net sales, operating profit, and other profits all achieved double-digit growth, marking record highs and maintaining strong year-on-year growth. Point 2 Net sales, operating profit, and other profits fell short of publication forecasts. No. of
Slide 5: Consolidated Financial Results
Consolidated Financial Results (People, Millions of yen) FYE3/2025 FYE3/2026 YoY YoY 9M 9M % % Amount Net sales 22,025 +25.9% 25,998 ＋18.0％＋3,973 Cost of sales 15,964 +26.5% 18,782 ＋17.7％＋2,818 Gross profit 6,061 +24.2% 7,216 ＋19.1％＋1,154 Gross profit margin 27.5％ -0.4pt 27.8％ – ＋0.3pt SG&A expen
Slide 6: Results by Subsidiary
Results by Subsidiary Point 1 COPRO CONSTRUCTION: Operating profit increased by 12.7% YoY, a double-digit growth, driven by sales growth and gross profit margin improvement. Point 2 COPRO TECHNOLOGY: Operating profit turned positive, driven by sales growth and a lower fixed cost ratio, including lab
Slide 8: KPI Trends by Business Segment
KPI Trends by Business Segment - (People,1,000 yen) FYE3/2025 FYE3/2026 YoY 9M Full year 9M YoY % change change No. of recruits 2,104 2,711 2,276 +8.2% +172 Construction technician dispatch 1,854 2,379 2,076 +12.0% +222 Mechanical & electrical and semiconductor engineer dispatch 147 192 124 -15.6% -
Slide 9: (Reference) Construction Technician Dispatching Business
(Reference) Construction Technician Dispatching Business Point 1 Cumulative hires through 3Q totaled 2,076, up 12.0% YoY; number of technicians increased 16.4% YoY (+ 692) to 4,904. Point 2 3Q operating ratio at 92.1%, flat QoQ; performance varies by sales office and account manager, with office-lev
Slide 10: (Reference) Mechanical & Electrical and Semiconductor Engineer Dispatching and Contracting Business
(Reference) Mechanical & Electrical and Semiconductor Engineer Dispatching and Contracting Business Point 1 The number of engineers rose 19.7% YoY (+61) to 371. Of these, semiconductor engineers increased by 35 to 156, and mechanical design engineers increased by 26 to 215. Point 2 Hiring lagging be
Slide 11: (Reference) IT Engineers Dispatching Business and Freelance Business
(Reference) IT Engineers Dispatching Business and Freelance Business Point 1 Number of engineers totaled 147, a decreased of 15 YoY. Point 2 Decided to carve out the IT engineer dispatching business effective March 27, 2026, to concentrate management resources on core construction and mechanical & e
Slide 13: Sales Strategies: Strengthen Relationship-Focused Sales 1
Sales Strategies: Strengthen Relationship-Focused Sales1 Point 1 Improved assignment ratio to target companies following tightened assignment rules for non-target companies and renewed focus on deepening relationship with major client companies. Point 2 Strengthened same-site/team-based dispatching.
Slide 14: Sales Strategies: Strengthen Relationship-Focused Sales 2
Sales Strategies: Strengthen Relationship-Focused Sales2 Point 1 The sales headquarters headed by President and CEO Koshikawa were relocated from Nagoya to Tokyo in April 2025. We shifted to a system for expanding our share in the Kanto market, the largest market in Japan, and strongly promoting the
Slide 15: Recruiting Strategies: Enhance Our Strength of Low Unit Price for Recruitment
Recruiting Strategies: Enhance Our Strength of “Low Unit Price for Recruitment” Point 1 The number of recruits in 3Q increased by 4.7% YoY to 530. The unit price for recruitment was ¥521,000, up QoQ due to lower yield. Point 2 The number of recruits in 3Q cumulative increased by 12.0% YoY to 2,076.
Slide 16: Education & Training Strategies: Improve the Retention Rate of Employees
Education & Training Strategies: Improve the Retention Rate of Employees in Their 1st & 2nd Years Point 1 The retention rate in 3Q FYE3/2026 remained generally flat for both younger employees in their first and second years and those with three or more years of service. In April 2025, we opened the
Slide 18: Aiming for an Overwhelming No.1 Position in the Industry for Construction Technician Dispatch
Aiming for an Overwhelming No.1 Position in the Industry for Construction Technician Dispatch Point 1 Building on a strong sales foundation—anchored in deeply cultivated sales activities targeting companies that prioritize engineers— we have established and continuously strengthened a low-cost hirin
Slide 19: Overview of the Share Acquisition
Overview of the Share Acquisition ◼ The Company will acquire all of the shares of TRYT Inc. and TRYT Shares subject to Engineering Inc. from a special purpose company (SPC) formed acquisition by Carlyle, a U.S.-based investment fund. Acquisition cost ◼ ¥29,243 million ◼ By leveraging its sound finan
Slide 20: Structure of the Share Acquisition
Structure of the Share Acquisition ◼ The TRYT Group will be separated into construction and non-construction businesses, and TRYT and TRYT Engineering, which operate the construction worker dispatching business, will join the COPRO Group. (After the transaction) Carlyle SPC The Company Absorption 10
Slide 21: Strategic Significance
Strategic Significance Aiming for the Overwhelming No. 1 Position in the Industry in both scale and quality 1. Securing technicians/engineers as the foundation for business growth ◼ The domestic construction market remains solid, supported by redevelopment projects and infrastructure renewal demand,
Slide 22: Our Industry Position After the Share Acquisition
Our Industry Position After the Share Acquisition With the addition of TRYT Engineering to the Group, we take a key step toward becoming the Overwhelming No. 1 Position in the Industry. Construction Technician Headcount Ranking (Unit: persons) Open Up Group 8,757 COPRO CONSTRUCTION+TRYT Engineering
Slide 23: New Management Structure
New Management Structure ◼ Kosuke Kiyokawa, CEO of COPRO-HOLDINGS. will be appointed as the new CEO of TRYT Engineering. ◼ By directly bringing his strong founder mindset focused on results, execution capability, and leadership, he will lead a successful PMI and drive the growth of TRYT Engineering
Slide 24: Synergies from the Share Acquisition
Synergies from the Share Acquisition COPRO’s Strengths and Key TRYT Engineering’s Strengths and Key Characteristics Characteristics Low-cost recruitment system centered on Digital marketing via its proprietary paid job advertisement platforms recruitment website, “Sekoukanri Job,” (enabling in-house
Slide 25: Financial Statements Based on Simple Aggregation
Financial Statements Based on Simple Aggregation Point 1 In FYE3/2027, business scale will expand significantly with the consolidation of TRYT Engineering, while operating profit will be temporarily constrained primarily by goodwill amortization and integration costs. Point 2 From FYE3/2028, however
Slide 26: Concentration of Management Resources on Core Businesses through SES Business Transfer
Concentration of Management Resources on Core Businesses through SES Business Transfer Point 1 Executed carve-out of the SES business, including IT engineer dispatch, to concentrate resources on core construction and mechanical & electrical and semiconductor fields in response to changes in IT talen
Slide 27: Impact of Voluntary Adoption of IFRS
Impact of Voluntary Adoption of International Financial Reporting Standards (IFRS) ◼ For the fiscal year ending March 31, 2028, the Company plans to voluntarily adopt IFRS. As goodwill will no longer be amortized under IFRS, expenses will decrease by the amount of goodwill amortization, which is exp
Slide 28: Shareholder Returns and Financing Policies
Shareholder Returns and Financing Policies Dividend Policy ◼ Even after the acquisition, the Company will maintain the dividend policy set out in the current medium-term management plan, “COPRO Group Build the Future 2027.” The Company recognizes return to shareholders as a top priority management i
Slide 30: Summary of the Full-Year Earnings Forecast for FYE3/2026
Summary of the Full-Year Earnings Forecast for FYE3/2026 Point 1 In addition to incurring acquisition-related expenses (e.g., advisory fees) for the share acquisition of TRYT Engineering scheduled to close on March 1, 2026, the timing of consolidation and the impact on current-year results are curre
Slide 31: FYE3/2026 Consolidated Earnings Forecast
FYE3/2026 Consolidated Earnings Forecast (Millions of yen) FYE3/2025 FYE3/2026 (Forecast) Full-year YoY change % of net sales Full year % of net sales results % Amount Net sales 30,015 100.0% 38,000 100.0% +26.6% +7,985 Cost of sales 21,706 72.3% 27,079 71.3% +24.8% +5,373 Gross profit 8,308 27.7% 1
Slide 32: FYE3/2026 KPIs by Business (Forecast)
FYE3/2026 KPIs by Business (Forecast) - (People, 1,000 yen) FYE3/2025 FYE3/2026 Full year 1H 2H Full year YoY YoY change (forecast) No. of recruits 1,502 1,209 2,711 3,544 +30.7% +833 Construction technician dispatch 1,348 1,031 2,379 3,000 +26.1% +621 Mechanical & electrical and 95 97 192 297 +54.7
Slide 33: FYE3/2026 Dividend Forecast
FYE3/2026 Dividend Forecast Point 1 Year-end dividend forecast for FYE3/2026: ¥25.0 per share Point 2 Dividend policy below to be maintained in FYE3/2027 even after the acquisition of TRYT Engineering [Dividend Policy] Dividends are the basis for shareholder returns, which we consider to be one of t
Slide 35: Company Outline
Company Outline Company Name COPRO-HOLDINGS. Co., Ltd. Domestic • COPRO CONSTRUCTION. Co., Ltd. Subsidiaries • COPRO TECHNOLOGY. Co., Ltd. Representative Kosuke Kiyokawa, CEO Business • Construction Technician Dispatching Business Head Office Dai Nagoya Building 25F, 3-28-12 Description • Mechanical
Slide 36: Introduction of the Management Team
Introduction of the Management Team Kosuke Kiyokawa Yusuke Koshikawa Hideki Nishioka President and CEO President and CEO President and CEO COPRO-HOLDINGS Co., Ltd. COPRO CONSTRUCTION Co., Ltd. COPRO TECHNOLOGY Co., Ltd. Born October 16, 1977 in Aichi Prefecture. Born October 15, 1985 in Shizuoka Pre
Slide 37: 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 38: Business Outline
Business Outline Engineer Employment Outsourcing Employment contract contract contract*1 COPRO-HOLDINGS. Co., Ltd. Construction Technician Dispatching and Contracting Business of Dispatching Business Mechanical and Semiconductor Engineers Dispatching Business of IT Engineer Providing COPRO CONSTRUCT
Slide 39: Corporate Philosophy
Corporate Philosophy Issues of the Construction Industry MISSION Creating a dynamic “human driven” society Aging of Chronic labor Delay of Digital engineers Transformation shortage VISION Becoming a human Resolve the Construction Industry Issues resource development The best “work style” company tha
Slide 40: Dispatch Area: Construction Technician Dispatching
Dispatch Area: Construction Technician Dispatching Area of Technician Dispatching Role of Construction Management (Country, local governments, Ordering party developers, etc.) The main duties are coordination and preparation such as adjusting construction progress, ordering materials and ensuring sa
Slide 41: Business Characteristics
Business Characteristics A “subscription-type business” with high growth potential ⇒ By increasing sales in proportion to the number of dispatched technical employees, stable earnings growth can be expected (Billions of yen, people) 6,271 Achieved 19 consecutive years 6500 450 of revenue growth sinc
Slide 42: Growth Potential of the Construction Technician Dispatching Industry
Growth Potential of the Construction Technician Dispatching Industry ◼ Demand for social infrastructure development and maintenance—driven by urban redevelopment, the increasing severity of natural disasters, and aging infrastructure—is expected to continue rising, supporting further expansion of th
Slide 44: Consolidated Financial Results
Consolidated Financial Results Net Sales Operating Profit Non-GAAP Operating Profit (Millions of yen) (Millions of yen) (Millions of yen) 4,425 38,000 3,800 3,328 30,015 24,098 2,763 2,437 18,791 2,141 15,589 1,841 1,621 1,606 1,321 FYE3/2022 FYE3/2023 FYE3/2024 FYE3/2025 FYE3/2026 FYE3/2022 FYE3/20
Slide 45: KPI Trends: Construction Technician Dispatch
KPI Trends: Construction Technician Dispatch No. of technical employees No. of recruits (including new graduates) No. of resignations (People) (People) (People) 5,424 1,928 3,000 4,352 1,595 2,379 3,568 2,024 1,233 2,777 1,472 1,995 859 812 834 FYE3/2022 FYE3/2023 FYE3/2024 FYE3/2025 FYE3/2026 FYE3/
Slide 46: KPI Trends: Mechanical & Electrical and Semiconductor Engineer Dispatch/Contracting, and IT Engineers Dispatch
KPI Trends: Mechanical & Electrical and Semiconductor Engineer Dispatch/Contracting, and IT Engineers Dispatch ■ Mechanical & electrical and semiconductor engineer dispatch/contracting No. of technical employees No. of recruits (including new graduates) No. of resignations and retention rate (People
Slide 47: 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 the Company. ◼ The information contained in this document is based on economic, social, and other conditions generally r

COPRO-HOLDINGS — Q3 FYE3/2026 Earnings Presentation on 6ix

Copro-holdings — Q3 FYE3/2026 Earnings Presentation

Slide 1: 3rd Quarter of FYE2026 Financial Results

Slide 2: Agenda

Slide 3: Summary of Financial Results for 3Q FYE3/2026

Slide 4: 3Q FYE3/2026 Consolidated Financial Highlights

Slide 5: Consolidated Financial Results

Slide 6: Results by Subsidiary

Slide 7: Analysis of KPIs by Business Segment

Slide 8: KPI Trends by Business Segment

Slide 9: (Reference) Construction Technician Dispatching Business

Slide 10: (Reference) Mechanical & Electrical and Semiconductor Engineer Dispatching and Contracting Business

Slide 11: (Reference) IT Engineers Dispatching Business and Freelance Business

Slide 12: Overview of the Construction Technician Dispatching Business

Slide 13: Sales Strategies: Strengthen Relationship-Focused Sales 1

Slide 14: Sales Strategies: Strengthen Relationship-Focused Sales 2

Slide 15: Recruiting Strategies: Enhance Our Strength of Low Unit Price for Recruitment

Slide 16: Education & Training Strategies: Improve the Retention Rate of Employees

Slide 17: Aiming for an Overwhelming No.1 Position in the Industry

Slide 18: Aiming for an Overwhelming No.1 Position in the Industry for Construction Technician Dispatch

Slide 19: Overview of the Share Acquisition

Slide 20: Structure of the Share Acquisition

Slide 21: Strategic Significance

Slide 22: Our Industry Position After the Share Acquisition

Slide 23: New Management Structure

Slide 24: Synergies from the Share Acquisition

Slide 25: Financial Statements Based on Simple Aggregation

Slide 26: Concentration of Management Resources on Core Businesses through SES Business Transfer

Slide 27: Impact of Voluntary Adoption of IFRS

Slide 28: Shareholder Returns and Financing Policies

Slide 29: Earnings and Dividend Forecast for FYE3/2026

Slide 30: Summary of the Full-Year Earnings Forecast for FYE3/2026

Slide 31: FYE3/2026 Consolidated Earnings Forecast

Slide 32: FYE3/2026 KPIs by Business (Forecast)

Slide 33: FYE3/2026 Dividend Forecast

Slide 34: (Reference) Company Profile and Business Overview

Slide 35: Company Outline

Slide 36: Introduction of the Management Team

Slide 37: Company History

Slide 38: Business Outline

Slide 39: Corporate Philosophy

Slide 40: Dispatch Area: Construction Technician Dispatching

Slide 41: Business Characteristics

Slide 42: Growth Potential of the Construction Technician Dispatching Industry

Slide 43: (Reference) Historical Data

Slide 44: Consolidated Financial Results

Slide 45: KPI Trends: Construction Technician Dispatch

Slide 46: KPI Trends: Mechanical & Electrical and Semiconductor Engineer Dispatch/Contracting, and IT Engineers Dispatch

Slide 47: Disclaimer and Forward-Looking Statements