Copro-Holdings Co., Ltd. · TSE:7059
Copro-Holdings — FY2025 Earnings Presentation
40 slides from Copro-Holdings's earnings presentation, May 2025
Slide 1: Full Year FYE3/2025 Financial Results
Full Year FYE3/2025 Financial Results COPRO-HOLDING. Co., Ltd. Tokyo Stock Exchange-Prime, Nagoya Stock Exchange-Premier (Ticker Symbol: 7059) ©2025 COPRO-HOLDINGS. Co., Ltd. All rights reserved.
Slide 2: Agenda
Summary of Financial Results for 01 FYE3/2025 02 Analysis of KPIs by Business Segment Status of Business (Construction 03 Technician Dispatching Business) SECTION 04 Earnings and Dividend Forecast for FYE3/2026 Upward Revision to the Medium-Term 05 Management Plan 06 Appendix ©2025 COPRO-HOLDINGS. C
Slide 3: Summary of Financial Results for FYE3/2025
SECTION 01 Summary of Financial Results for FYE3/2025 ©2025 COPRO-HOLDINGS. Co., Ltd. All rights reserved. 3
Slide 4: FYE3/2025 Consolidated Financial Highlights
FYE3/2025 Consolidated Financial Highlights Point 1 Net sales, operating profit and other profits all achieved significant increases, marking record highs. Point 2 As the achievement of the final-year performance targets under the Medium-Term Management Plan: “Consolidated sales of ¥40 billion and n
Slide 5: Consolidated Financial Results for FYE3/2025
Consolidated Financial Results for FYE3/2025 (Millions of yen) FYE3/2024 FYE3/2025 Full year Full year % of net sales % of net sales YoY change vs. forecast results results Net sales 24,098 100.0% 30,015 100.0% +24.6% +0.1% Cost of sales 17,323 71.9% 21,706 72.3% +25.3% +0.7% Gross profit 6,774 28.1
Slide 6: Quarterly Consolidated Financial Results
Quarterly Consolidated Financial Results Point 1 Both net sales and the number of technical employees increased QoQ. Point 2 Achieved new record highs on a quarterly basis. 8,500 7,797 7,989 5,000 8,000 6,870 7,356 4,500 7,500 4,861 6,359 6,601 4,684 4,482 4,000 7,000 4,350 5,731 6,500 5,406 3,929 3
Slide 7: FYE3/2025 Results by Subsidiary
FYE3/2025 Results by Subsidiary Point 1 COPRO CONSTRUCTION: Recruitment of technicians remained strong and operating profit saw a significant YoY increase of 22.9%, driven by higher gross profit resulting from increased sales. Point 2 COPRO TECHNOLOGY: the new semiconductor engineer dispatching busi
Slide 8: Analysis of KPIs by Business Segment
SECTION 02 Analysis of KPIs by Business Segment ©2025 COPRO-HOLDINGS. Co., Ltd. All rights reserved. 8
Slide 9: KPI Trends by Business Segment
- KPI Trends by Business Segment (People, 1,000 yen) FYE3/2024 FYE3/2025 YoY % YoY 1H 2H Full year 1H 2H Full year change change No. of recruits 1,166 1,056 2,222 1,502 1,209 2,711 +22.0% +489 Construction technician dispatch 1,072 952 2,024 1,348 1,031 2,379 +17.5% +355 Mechanical & electrical and
Slide 10: Construction Technician Dispatching Business
(Reference) Construction Technician Dispatching Business Point 1 The number of recruits increased by 17.5% YoY to 2,379. This was due to our recruiting capability honed by “low-cost recruitment” based on our own screening without outsourcing to external agencies. Point 2 The operating ratio has impr
Slide 11: Mechanical & Electrical and Semiconductor Engineer Dispatching and Contracting Business
(Reference) Mechanical & Electrical and Semiconductor Engineer Dispatching and Contracting Business Point 1 Since its opening in February 2024, the semiconductor technology training center “Semicon Techno Lab” has produced over 100 graduates within just 11 months. The quarter-end number of technicia
Slide 12: IT Engineers Dispatching Business and Freelance Business
(Reference) IT Engineers Dispatching Business and Freelance Business Point 1 With the project introduction site for IT engineers “Bscareer IT” getting off the ground, the number of applicants increased by 45.6% YoY. Meanwhile, we were not able to catch up with securing enough projects, resulting in
Slide 13: Status of Business (Construction Technician Dispatching Business)
SECTION 03 Status of Business (Construction Technician Dispatching Business) ©2025 COPRO-HOLDINGS. Co., Ltd. All rights reserved. 13
Slide 14: Establish the Highest Professional Quality in the Industry
Establish the Highest Professional Quality in the Industry Sales Capability ✓ Expanding our market share by focusing on major client companies through in-depth sales activities. Sales ✓ Promoting team/set dispatching to the same Capability site. Recruiting Capability ✓ Strengthening one of our key a
Slide 15: Sales Strategies: Reinforce Deeply-Cultivated Sales
Sales Strategies: Reinforce Deeply-Cultivated Sales Point 1 To ensure stable orders and provide a comfortable working environment for our technical employees, we concentrate on in-depth sales activities to targeted companies, primarily major general contractors and subcontractors, to increase our ma
Slide 16: 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 unit price for recruitment in 4Q increased to 684 thousand yen, due to additional investment in recruiting expenses in 4Q to boost the number of recruits in 1Q FYE3/2026. Point 2 Driven by growth of hiring in
Slide 17: Education & Training Strategies: Improve the Retention Rate
Education & Training Strategies: Improve the Retention Rate of Employees in Their 1st & 2nd Years Point 1 The retention rate for employees in their third year and beyond has consistently remained high. The retention rate for employees in their first and second years has recovered to the level of the
Slide 18: Earnings and Dividend Forecast for FYE3/2026
SECTION 04 Earnings and Dividend Forecast for FYE3/2026 ©2025 COPRO-HOLDINGS. Co., Ltd. All rights reserved. 18
Slide 19: Summary of the Full Year Earnings Forecast for FYE3/2026
Summary of the Full Year Earnings Forecast for FYE3/2026 Point 1 We aim to exceed the growth rate of the industry average while continuing to invest for growth, mainly in recruiting costs for the dispatching of construction technicians, which is our core business. We expect to achieve new record hig
Slide 20: 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 21: 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 22: FYE3/2026 Dividend Forecast
FYE3/2026 Dividend Forecast [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 dividend payout ratio of 50%
Slide 23: Upward Revision to the Medium-Term Management Plan
SECTION 05 Upward Revission to the Medium-Term Management Plan 23 ©2025 COPRO-HOLDINGS. Co., Ltd. All rights reserved.
Slide 24: Results of the Medium-Term Management Plan (First 3 Years)
Results of the Medium-Term Management Plan (First 3 Years) Point The group total number of recruits expanded to 2,711 (FYE3/2025 results), 3.1 times from 870 (FYE3/2022 results). As a result, the number of group technical employees increased 2.2 times to 4,861. ■Trends in the number of group technic
Slide 25: Results of the Medium-Term Management Plan: Industry Ranking
Results of the Medium-Term Management Plan (First 3 Years) Point Our main business, construction technician dispatching, achieved growth exceeding the industry average. As a results, the Company rose from third to second place in the industry based on net sales for the last 12 months (LTM). ■Trends
Slide 26: Results Progress of the Medium-Term Management Plan
Results Progress of the Medium-Term Management Plan (First 3 Years) Point 1 The first three years of the Medium-Term Plan saw rapid growth exceeding expectations. Each fiscal year, net sales and non-GAAP operating profit exceeded the targets set in the Medium-Term Plan announced in May 2022. Point 2
Slide 27: Upward Revised Financial Performance Targets for FYE3/2027
Upward Revised the Financial Performance Targets for the final fiscal year (FYE3/2027) Point 1 We have upward revised the performance targets for the final year of the Medium-Term Management Plan (FYE3/2027) to consolidated sales of ¥47.0 billion (up ¥7.0 billion from the initial target), non-GAAP o
Slide 28: Trends in Performance Results and Summary of Targets
(Reference) Trends in Performance Results and Summary of Targets (Millions of yen) Medium-Term Management Plan Period FYE3/22 FYE3/2023 FYE3/2024 FYE3/2025 FYE3/2026 FYE3/2027 Full year Full year Full year Full year Full year Full year YoY YoY YoY YoY YoY results results results results (Forecasts)
Slide 29: Trends in Our Stock Price
(Reference) Trends in Our Stock Price 1,200,000 May 14, 2025 2000 Closing price: ¥1,753 1800 1,000,000 1600 1400 800,000 1200 600,000 3.4times 1000 Apr. 1, 2022 800 Closing price: ¥519 400,000 600 400 200,000 200 0 0 Trading volume Closing price ©2025 COPRO-HOLDINGS. Co., Ltd. All rights reserved. 2
Slide 30: Appendix
SECTION06 SECTION 06 Appendix ©2025 COPRO-HOLDINGS. Co., Ltd. All rights reserved. 30
Slide 31: 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 32: 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 33: 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 34: 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 35: 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 36: 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 37: Business Characteristics: A Subscription-Type Business
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 38: Construction Industry Trends
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 management job openings industry - Market size forecast*1 is five times higher than in 2016 The number of con
Slide 39: 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 40: 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