Slide 1: Financial Results for the First Three Quarters of FY Ending December 31, 2024
Financial Results for the First Three Quarters of the Fiscal Year Ending December 31, 2024 ProjectHoldings, Inc. [TSE Growth: 9246] (Company name changed from ProjectCompany, Inc. in January 2024) November 14, 2024
Slide 2: Executive Summary
Executive Summary Q3 FY2024 Financial Results Net Sales Operating Profit EBITDA*1 EBITDA Margin ¥1,234 million ¥-49 million ¥7 million 0.6% (-23.6% YoY) (- YoY) (-97.6% YoY) (-17.7pts YoY) ◼ Net sales decreased QoQ due to the exclusion of ProjectHRSolutions Inc. from the scope of consolidation follo
Slide 3: Overview of ProjectHoldings, Inc. ・・・ p. 4 Q3 FY2024 Financial Results
1. Overview of ProjectHoldings, Inc. ・・・ p. 4 2. Q3 FY2024 Financial Results ・・・ p. 9 3. Situation of the Digital Transformation Business ・・・ p. 15 4. Status of Other Businesses ・・・ p. 19 5. Progress toward Financial Results Forecast for FY2024 ・・・ p. 22 Appendix Overview of Digital Transformation B
Slide 4: 1. Overview of ProjectHoldings, Inc.
1. Overview of ProjectHoldings, Inc. Proj ectHo l di ng s, In c. 4
Slide 5: Group Management Philosophy
1. Overview of ProjectHoldings, Inc. Group Management Philosophy ProjectHoldings group Mission Creating a Project-based Society Vision Our vision is to foster and develop a large number of professionals who will lead the next generation and provide a variety of solutions that transform companies. By
Slide 6: Company History
1. Overview of ProjectHoldings, Inc. Company History Period of multi-faceted growth through integrated group management Transition to a pure holding company structure and office relocation 2024.1 Consolidated Dr.KENKO KEIEI Inc. and artwize inc. Into the Group 2023.4 Established ProjectDigitalMarket
Slide 7: Group Overview
1. Overview of ProjectHoldings, Inc. Group Overview Digital transformation business Project Holdings Co., Ltd. Project Company, Inc. Digital transformation (DX) consulting (development • Establishment January 2016 of new businesses, reform of existing businesses) UI/UX evaluation user test service “
Slide 8: Situation of Employees (FY2024 Q3)
1. Overview of ProjectHoldings, Inc. Situation of Employees (FY2024 Q3) ◼ The number of Group employees increased by 28 YoY to 268 people due to the declining attrition rate and steady progress in hiring. ◼ The number of Group employees is increasing, even outside of Q2, when new graduates joined th
Slide 9: 2. Q3 FY2024 Financial Results
2. Q3 FY2024 Financial Results Proj ectHo l di ng s, In c. 9
Slide 10: Financial Results - Net Sales
2. Q3 FY2024 Financial Results Financial Results - Net Sales ◼ Achieved net sales of ¥1,234 million in Q3 of FY2024, down 1.2% QoQ and down 23.6% YoY. ◼ The Digital transformation business and the DX x Technology business net sales shifted to an upward trend QoQ. DX x HR business Net sales (million
Slide 11: Financial Results – Operating Profit and EBITDA
2. Q3 FY2024 Financial Results Financial Results – Operating Profit and EBITDA ◼ In the Digital transformation business, the assignment of new graduate employees progressed better than planned. As a result, operating loss decreased, and EBITDA turned positive. Operating Profit EBITDA 29.2% Operating
Slide 12: Results by Segment - Net Sales
2. Q2 FY2024 Financial Results Results by Segment - Net Sales ◼ Net sales by segment are as follows. Digital transformation business DX x Technology business DX x HR business *The aggregation standards for marketing services were partially changed in FY2023, *The business was consolidated in Q4 FY20
Slide 13: Results by Segment - Cost of Sales & Gross Profit
2. Q2 FY2024 Financial Results Results by Segment - Cost of Sales & Gross Profit ◼ Gross profit margin in the Digital transformation business improved due to steady assignment of new graduate employees to projects and a decrease in the ratio of outsourcing partners. Digital transformation business D
Slide 14: Breakdown of SG&A Expenses
2. Q3 FY2024 Financial Results Breakdown of SG&A Expenses ◼ Hiring expenses that had increased at the timing of job offers for new graduate employees joining the Company in April 2025 have eased for now. SG&A expenses Results [million yen] QoQ Description to net sales Personnel expenses Salaries for
Slide 15: 3. Situation of the Digital Transformation Business
3. Situation of the Digital Transformation Business Proj ectHo l di ng s, In c. 15
Slide 16: Business KPI Trends｜Number of Clients & Net Sales per Client
3. Situation of the Digital transformation business Business KPI Trends｜Number of Clients & Net Sales per Client ◼ The number of UIscope projects and number of clients remained weak due to careful assignment with priority given to human resource development. ◼ Net sales per client remained steady, a
Slide 17: Business KPI Trends｜Number of Employees & Net Sales per Employee
3. Situation of the Digital transformation business Business KPI Trends｜Number of Employees & Net Sales per Employee ◼ Since FY2022, the Company has been aiming for organizational expansion (increase in net sales and profits) by strengthening new graduate recruitment in addition to continuous mid-ca
Slide 18: Topics: New Graduate Recruitment and Training
3. Situation of the Digital transformation business Topics: New Graduate Recruitment and Training ◼ The Company recruited new graduate employees, including those from top-level universities, and conducted practical training that emphasized basic strengths for business promotion. ◼ As of September, m
Slide 19: 4. Status of Other Businesses
4. Status of Other Businesses Proj ectHo l di ng s, In c. 19
Slide 20: DX x Technology Business
4. Situation of other businesses DX x Technology Business ｜ ◼ Engineers at artwise inc. developed support services for system development and software testing. ◼ The company is making efforts to create a comfortable working environment for engineers. Recruitment has been steady due to unique initiat
Slide 21: DX x HR Business
4. Situation of other businesses DX x HR Business ｜ ◼ Dr. KENKO KEIEI Inc. provides services to support corporate health management centered on an occupational physician matching services. ◼ Since joining the Group in April 2023, the company has been working to acquire large-scale projects by streng
Slide 22: 5. Progress toward Financial Results Forecast for FY2024
5. Progress toward Financial Results Forecast for FY2024 Proj ectHo l di ng s, In c. 22
Slide 23: Progress toward Financial Results Forecast
5. Progress toward Financial Results Forecast for FY2024 (announced on September 17) Progress toward Financial Results Forecast ◼ Although the Q3 progress rate for consolidated net sales is lower than 75%, mainly because the progress rate for the Digital transformation business is only 66%, the assi
Slide 24: Appendix Overview of Digital Transformation Business
Appendix Overview of Digital Transformation Business Proj ectHo l di ng s, In c. 24
Slide 25: Feature | 1) Strong Customer Base Centered on Major Companies
Appendix (i) Overview of Digital Transformation Business Feature | 1) Strong Customer Base Centered on Major Companies ◼ About 60% of all clients are large companies with sales of 100 billion yen or more accounting for about 80% of our total net sales. ◼ We do business with a wide range of major com
Slide 26: Feature | 2) Accumulation of Long-term Customers through Recurring-type Business Model
Appendix (i) Overview of Digital Transformation Business Feature | 2) Accumulation of Long-term Customers through Recurring-type Business Model ◼ We recognize that consulting companies generally have a sales structure that emphasizes spot and flow projects. ◼ We have bolstered net sales by building
Slide 27: Case Introduction | Consulting Services (New Business Development)
Appendix (i) Overview of Digital Transformation Business Case Introduction | Consulting Services (New Business Development) ◼ Business Strategy Planning provides support for new business development projects, such as considering business models and formulating business plans. ◼ We develop and manage
Slide 28: Case Introduction | Marketing Services
Appendix (i) Overview of Digital Transformation Business Case Introduction | Marketing Services (Marketing Strategy Planning to Implementation Support) ◼ In planning a marketing strategy, it is important to clarify the purpose of marketing by defining specific targets. ◼ Furthermore, the value of ou
Slide 29: Case Introduction | UIscope Services
Appendix (i) Overview of Digital Transformation Business Case Introduction | UIscope Services ◼ In UI research, we collect unfiltered opinions from target users regarding the usability of applications and websites. ◼ By identifying bottlenecks that cannot be fully understood through quantitative dat
Slide 30: Points to Note
Points to Note ◼ Information in this document other than information on the Company is derived from publicly available information, and the Company makes no representations or warranties regarding its authenticity, accuracy or completeness. ◼ This document also refers to the future prospects of the
Slide 31: ProjectHoldings
ProjectHoldings