Copro-holdings Co., Ltd. · TSE:7059
Copro-holdings — Q1 FYE2024 Earnings Presentation
29 slides from Copro-holdings's earnings presentation, August 2023
Slide 1: $0130)0-%*/(4$P -UE
$0130)0-%*/(4$P -UE
Slide 2: Welcome to all of our shareholders and investors
Welcome to all of our shareholders and investors. I am Mr. Kiyokawa, the president and chief executive officer. I will now begin the explanation for the financial results in the first quarter of FYE2024.
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Slide 4: Summary of first quarter financial results
This is a summary of the financial results for the first quarter. As highlights of the consolidated financial results, the number of consolidated technical employees increased by 38.3% YoY to 3,314 people, and sales increased by 27.2% YoY to 5,406 million yen, both of which are record highs. Operati
Slide 5: Consolidated financial results
－ － － － Now that I have explained the main points of the consolidated financial results, I will explain the results in order. The left side of the table on the slide is the first quarter of FYE2023, and the right side is the first quarter of FYE2024. Sales were 5,406 million yen, up 27.2% YoY, with
Slide 6: Quarterly consolidated results
• • The quarterly consolidated results are shown in bar graphs. Both sales and the number of technical employees in the first quarter increased from the previous quarter. And, on a quarterly basis, we have reached new record highs.
Slide 7: Results by subsidiary
• • • • － These are the results by subsidiary for the first quarter. From the first quarter of FYE2024, COPRO-ENGINEERD in the construction segment, ATMOS in the mechanical and electrical segment and VALUE ARK CONSULTING in the IT segment are each shown in the table. COPRO-ENGINEERD’s cost of sales
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Slide 9: KPI analysis of subsidiaries
• • This is the KPI analysis of our subsidiaries. Due to a significant increase in the number of recruits centered on our mainstay COPRO-ENGINEERD, the number of technical employees was 3,314, an increase of 38.3% YoY, or an increase of 918 people. The retention rate was 89.6%, down 1.0 points YoY.
Slide 10: KPIs of construction technician dispatching business
• • *Retention rate = Number of technicians at the end of the current fiscal year (current quarter) (Number of technicians at the end of the previous fiscal year (previous quarter) + Number of technicians at the end of the current fiscal year (current quarter)) 100 *Retention rate (FY accumulative t
Slide 11: KPIs of mechanical design and development engineer business
• • • *Retention rate = Number of technicians at the end of the current fiscal year (current quarter) (Number of technicians at the end of the previous fiscal year (previous quarter) + Number of technicians at the end of the current fiscal year (current quarter)) 100 *Retention rate (FY accumulative
Slide 12: KPIs of the SES business
• • These are the KPIs of the SES business. One topic is that we are focused on the operation of “VESCARI IT”, a project introduction site for IT engineers that opened in March 2023. The number of applicants and the number of recruits are on the rise, partly due to concerted investment in advertisin
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Slide 14: Main KPIs of construction technician dispatching business
These are the main KPIs of the construction technician dispatching business. From the number of recruits on the left side of the slide to the right, it shows a chart that diverges for each. The company's self-assessment is indicated by " ", " ", and "×", where " " is above the plan, " " is in line w
Slide 15: Retention rate and technical employees versus plan
but the retention rate was slightly below the plan, so the assessment is “x”. Doing an in-house analysis of the causes, we can cite some mismatches due to the sudden increase in recruiting and an inadequate follow-up system. From the second quarter, which is still in progress, we will make use of th
Slide 16: Initiatives currently focused on in recruiting
I would like to explain the initiatives we are currently focusing on. Currently, although the sales reform has been successful and we have received many orders, if we were to prioritize, it would be recruiting, so we are reexamining things. As a major initiative, we have introduced an applic
Slide 17: Recruiting process step by step
I will explain the recruiting process step by step. The recruiting process is shown on the left side of the slide. The recruiting costs, number of applications, number of interviews, and number of recruits are each shown in red as compared to the same period of the previous year. We actively investe
Slide 18: Recruiting unit price target
recruiting costs, we would like to keep the unit price for recruitment at the 200,000 yen level or even lower.
Slide 19: Notice of group reorganization October 2023
• • This is a notice to all our shareholders and investors. We are reorganizing our organization as of October 1st, 2023. First, we will change the corporate name of COPRO-ENGINEERD, our core subsidiary in the construction technician dispatching business, to COPRO CONSTRUCTION. By adding the word “c
Slide 20: Purpose of group reorganization
exchange of human resources, such as the ability of human resources who have been active at ATMOS to play an active role in the IT field. The purpose is also to improve competitiveness against other companies in the same industry, or to realize faster service for clients. We have decided to implemen
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Slide 22: Earnings forecast for FYE2024
Now I will explain the earnings forecast for FYE2024. There is no change from the previously announced forecast. It is a 40.7% YoY increase in consolidated technical employees to 4,271 people, an increase in sales of 29.3% YoY to 24,298 million yen, and a rise in operating profit of 36.2% YoY to 1,8
Slide 23: Earnings forecast table
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Slide 24: Progress of the Medium-Term Management Plan
• • • Regarding the progress of the Medium-Term Management Plan, since there are no major changes from the previous fiscal year, I will briefly explain it again. In construction technician dispatching, which is our main business, the results of the sales and recruitment reforms that have been promot
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Slide 26: Stock split
Now I will explain the dividend forecast for FYE2024. First, we will implement a stock split. By reducing the price per investment unit of our stock, our purpose is to create an environment that makes it easier for investors to invest, which will expand the investor base, and improve the liquidity o
Slide 27: Dividend forecast reflecting the stock split
－ This is about the dividend forecast that takes into account the stock split. I will explain the dividend policy of the COPRO Group again. Dividends are the basis for shareholder returns, which we consider to be one of the important management issues. Dividends will not be reduced during the pe
Slide 28: Dividend payout ratios and closing greetings
dividend will be 25.0 yen after the split. The right side of the slide shows changes in the dividends and dividend payout ratios by fiscal year, so please use it as a reference. Greetings from Mr. Kiyokawa We believe that FYE2024 has got off to a good start, but there are still many issues. Since it
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