December 15, 2023
COPRO-HOLDINGS Co., Ltd.
Corporate Planning Office

Q&A Summary from the Analyst & Individual Investor Joint Briefing for
FYE2024 2Q Financial Results
This is a summary of the question and answer session from the analyst and individual investor joint briefing
about our financial results for the second quarter of FYE2024 that was held on November 20, 2023. To makeit easier to understand, we have changed, revised and amended the summary of the question and answer
session.
[Q&A Summary]
Q: What are the benefits of listing on the Prime Market?
A: Since the Prime Market is an investment target for many investors, while our company has only just begun,
we are determined to maintain our listing on the Prime Market as we aim to further improve our businessperformance and increase our corporate value, and we believe that this will lead to obtaining anappropriate evaluation of our corporate value.
Q: Is there a possibility that higher resource prices and the weaker yen will impact construction investment inJapan and reduce demand for the dispatching of human resources?
A: We believe that demand for human resources is unlikely to decline due to external factors such as risingmaterial prices or the weaker yen. There is a serious labor shortage in the construction industry. Theconstruction technician dispatching market is expected to continue expanding, and we believe that thiswill provide a tailwind for our company.
Q: You are using Miyashita Kusanagi as brand ambassadors, but what kind of effect has it had?
A: Our reason for using Miyashita Kusanagi is that they are positioned as young people and their characters
are a bit lacking in self-confidence. By telling the story of these two people transforming into full-fledged
technicians and engineers, we are able to create branding that pushes to the front our company'semphasis on nurturing young technicians and engineers.
Q: What are your future plans regarding M&A?
A: With a focus on our core business of dispatching construction technicians, and dispatching mechanicaldesign and development engineers, as well as targeting each SES project, we are actively making
progress with our initiatives. In addition to our existing businesses, we are also considering M&A witheducational institutions and training companies to strengthen education and training for technicalemployees.

Q: Which figures should I refer to in order to see the degree of growth of your company?
A: From this fiscal year, the company is focusing on improving profit margins in addition to increasing sales.
We would like to achieve sales growth of 20% to 30% every fiscal year, and for profits as well, we wantto achieve growth that matches top-line growth. While we are not satisfied with our current profit margins,
we also recognize that there is room for improvement in profit margins due to our growth potential.
Q: Among the criteria to maintain a listing on the Prime Market, your company does not meet the criteria formarket capitalization of tradable shares. What efforts are you making toward meeting the criteria?
A: Based on our stock price on November 20, 2023, the market capitalization of tradable shares has cleared
10 billion yen. However, compliance with the criteria to maintain our listing is just a waypoint, and we willcontinue to aim to improve our corporate value.
Q: Regarding the regulation that puts an upper limit on overtime work, it will also be applied to the constructionindustry from April 2024. What will the impact be on your business results next fiscal year?
A: Due to the application of the upper limit regulation, since more technical employees will be needed thanever before because the amount of work that a single employee can handle will decrease, we believethat demand for human resource services like what our company offers will increase. In the constructionindustry in recent years, while there is a growing movement to break away from an individualistic system,
what is important is how to combine digital transformation (DX) and people to tackle the difficult problemof human resource shortages. Our company will continue to build a strong human resource supply
network, produce excellent technical employees, and contribute to solving problems.
Q: Is it possible to achieve the non-GAAP operating profit target of 5 billion yen for the final year of theMedium-Term Management Plan (FYE2027) ahead of schedule?
A: For organic growth alone, while it is possible to exceed the annual performance target set at the time ofannouncing the Medium-Term Plan, we believe that it will be difficult to achieve the performance target
for the final year ahead of schedule. In addition to organic growth, while achieving one-time growththrough such things as M&A, we would like to eye the possibility of achieving the performance target
ahead of schedule.
Q: Is the semiconductor training center scheduled to open in January 2024 a center exclusively for yourcompany's human resources? Or is it a profit center that provides training services to external humanresources of other companies?
A: The company's policy is to first train its own technical employees and produce field engineers. As weoperate the training center in the future, we would like to explore various possibilities and consider thempositively.

Q: How many meetings have you held this fiscal year with institutional investors? And how does it compare
to last year?
A: The number of interviews with institutional investors is on pace to exceed about 100 for the year, an
increase of 3 to 4 times compared to the previous year. In addition, mass media exposure is increasing.
In July of this year, the company was featured on TV Tokyo's information program "WBS (WorldBusiness Satellite)" for taking 6th place in the ranking of first-half stock price increases for companies
listed on the Prime Market. In addition, in November, the Nihon Keizai Shimbun featured the companyfor having the highest rate of increase in the number of employees in FYE2023, showing that we are isreceiving increasing attention.
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