・当社イメージキャラクター：お笑いコンビ 宮下草薙・当社マスコット：コプ郎

Fiscal Year Ended March 31, 2024
Financial Results for FYE2024
May 14, 2024

Tokyo Stock Exchange-Prime, Nagoya Stock
Exchange Premier (Ticker Symbol: 7059)

FYE2024/FYE2025 Forecast Message from Management
Our main business of construction technician dispatch continues to progress at
a brisk speed
The serious manpower shortage situation is persisting against the backdrop of regulations capping overtime work that began in April
2024, and large-scale construction projects. Given the favorable external environment, we are committed to our own independent
recruiting, and we will continue to fulfill our mission as a staff dispatching company by providing a wealth of talented young humanresources to client companies suffering from labor shortages. In FYE2024, the number of recruits increased by nearly 40% YoY, but
the plan was not achieved, and it was a year in which we faced challenges that will lead to the next step. In FYE2025, we willfurther refine our recruitment process system, leading to high growth not only in FYE2025, but also in FYE2026 and beyond.

Mechanical and electrical/IT engineer dispatch is growing considerably as well
We are moving forward with our entry into semiconductor engineer dispatching as a new business field, and are aiming to achieve a
top-line revenue growth rate that exceeds our main business of construction technician dispatching. COPRO TECHNOLOGY. Co., Ltd.
is still in the phase of expanding its business size and pursuing market share, but as the percentage that it accounts for in ourconsolidated business results gradually increases, we will also maintain strict control from the perspective of profitability.

For FYE2025, we set an earnings forecast that exceeds the targets in the MediumTerm Plan and aim for high growth with an eye on FYE2026 and beyond
In FYE2025, we expect to have the highest number of recruits ever, with the number of technical employees employed in the group
going past the 5,000 mark to reach 5,168 people. As a result, both sales and each type of profit are expected to reach record highs
and exceed targets in the Medium-Term Plan. We are intent on improving our sales and recruitment processes in each business sothat we can take advantage of the tailwind in the business environment due to labor shortages. We will continue to focus on
medium-term growth, not just for a single year, and aim to achieve results that exceed the performance targets set in the MediumTerm Management Plan (Medium-Term Management Plan targets for FYE2025: consolidated sales of 26.8 billion yen, and non-GAAP
operating profit of 2.7 billion yen).
©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

1

SECTION
1

2
3

Summary of the Consolidated Financial
Results for FYE2024
Analysis of KPIs
FYE2025 Business Summary and Growth

Strategy

4

FYE2025 Earnings Forecast

5

FYE2025 Dividend Forecast
Measures to Be Taken to Implement a

6

Management that is Conscious of the Capital Costand the Stock Price
Announcement of the Appointment of the7

President and Chief Executive Officer of COPROCONSTRUCTION. Co., Ltd. (Scheduled)

8【Appendix】Company Outline©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

2

SECTION 01
Summary of theConsolidated Financial
Results for FYE2024©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

3

Highlights of the Consolidated Financial Results for FYE2024
Number of Consolidated
Technicians and Engineers

Net Sales

Operating Profit

3,929people

24,098million yen

2,141million yen(YoY+29.4％)(Vs. Forecast -8.0％)(YoY+28.2％)(YoY+62.0％)(Vs. Forecast -0.8％)(Vs. Forecast +4.9％)

Non-GAAP Operating Profit

Ordinary Profit

Profit Attributable to
Owners of Parent

2,437million yen

2,211million yen

1,463million yen(YoY+51.7％)(YoY+67.0％)(Vs. Forecast +4.1％)(Vs. Forecast +4.6％)

過去最高(YoY+69.3％)(Vs. Forecast +7.5％)

Point 1

Due to the highest number ever of new recruits, the number of consolidated technical employees
reached a record high of 3,929 people (+893 YoY).

Point 2

As a result of improvements in profitability by streamlining operations mainly in the back office, eachsegment of profits from operating profit on down exceeded the earnings forecast that was revised
upward on November 14th.

* To measure essential performance in profit, Non-GAAP operating profit is calculated by adding depreciation costs, goodwill amortization and stock-based compensation expenses back to operating profit.
* The number of consolidated technicians & engineers is the number of employees at the end of the fiscal year including IT freelancers in the SES business.

©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

4

Consolidated Financial Results for FYE2024(million of yen）

FYE2023
Full Year
Results

FYE2024
Full Year
Results

Ratio

Ratio

Vs. Initial
Forecast

YoY

Vs. Revised
Forecast

Net sales

18,791100.0％

24,098100.0%+28.2%

-0.8%

-0.8%

Cost of sales

13,21670.3％

17,32371.9%+31.1%

+0.5%

+0.5%

Gross profit

5,575

29.7％

6,774

28.1%

+21.5%

-4.1%

-4.1%

SG&A expenses

4,253

22.6％

4,632

19.2%

+8.9%

-12.0%-7.8%

Operating profit

1,321

7.0％

2,141

8.9%

+62.0%+19.0%+4.9%

Non-GAAP operating profit*

1,606

8.6％

2,437

10.1%

+51.7%+13.9%+4.1%

Ordinary profit

1,324

7.0％

2,211

9.2%

+67.0%+18.3%

+4.6%

864

4.6％

1,463

6.1%

+69.3%+25.4%

+7.5%

3,036

-

3,929

-

+893

-342

-342

Profit attributable to ownersof parent
Number of consolidated
technicians & engineers(quarter end)**As a profit index to measure essential performance, non-GAAP operating profit is calculated by adding depreciation costs, goodwill amortization and stock award expenses back to operating profit.
*The number of consolidated technicians & engineers is the number of employees at the end of the fiscal year including IT freelancers in the SES business.

©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

5

Quarterly Consolidated Financial Results• Both sales and the number of technical employees in the fourth quarter increased from the previous quarter.
• It was a record high on a quarterly basis.

7,000

6,359

6,500

6,000

5,206

5,500

4,914

5,000

4,038

4,148

2,204

2,201

4,500

3,846

4,000

3,555
3,500

1,957

2,085

4,249
2,396

4,421
2,575

5,406
3,314

5,731
3,515

6,601

4,500

3,929

3,709

4,000

3,500

3,036

2,826

3,000

2,500

2,000

3,000

2,500

1,500

1Q

2Q

3Q

4Q

1Q

FYE20222022/3期
Consolidated net sales(million of yen)
QoQ change
No. of consolidated
technicians (quarter end)
QoQ change

2Q

3Q

4Q

1Q

2Q

3Q

4Q

FYE20242024/3期

FYE20232023/3期

3,555

3,846

4,038

4,148

4,249

4,421

4,914

5,206

5,406

5,731

6,359

6,601

-5.7％

+8.2％

+5.0％

+2.7％

+2.4％

+4.0％

+11.2％

+5.9％

+3.8％

+6.0%

+11.0%

+3.8%

1,957

2,085

2,204

2,201

2,396

2,575

2,826

3,036

3,314

3,515

3,709

3,929

-3.1％

+6.5％

+5.7％

-0.1％

+8.9％

+7.5％

+9.7％

+7.4％

+9.2％

+6.1%

+5.5%

+5.9%

Consolidated
net連結売上高
sales

Number of consolidated

連結技術者数(期末)
technicians*The number of consolidated technicians & engineers is the number of employees at the end of the fiscal year including IT freelancers in the SES business.

©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

6

FYE2024 Financial Results by Subsidiaries• Sales of COPRO CONSTRUCTION. Co., Ltd. increased significantly due to the highest number of recruits ever. This subsidiary also
absorbed the increase in recruiting costs and personnel costs to achieve an increase in operating profit of 746 million yen YoY.
• In addition to the cost anticipation due to conducting investments upfront by aggressively allocating advertising and publicity costs inorder to expand the number of recruits, focusing on “Bscareer Mechanical and Electrical” and “Bscareer IT” in particular, COPROTECHNOLOGY. Co., Ltd. recorded M&A-related expenses associated with the acquisition of the SES business from Pacific Information
Consultants, which contributed to a 35 million yen YoY decline in profit.
• COPRO-HOLDINGS. Co., Ltd. contributed a 108 million yen increase in profit YoY due to a decrease in personnel expenses fromstreamlining at the head office and a decrease in stock award expenses.
(million of yen)

FYE2023
Full Year
Results

FYE2024
YoY
Amount of
ChangePct Change

Full Year
Results

YoY
Amount of
ChangePct Change

18,791+20.5%+3,20224,098+28.2%+5,306

COPRO CONSTRUCTION

17,550+18.3%+2,71821,883+24.7%+4,333

COPRO TECHNOLOGY

1,241+63.8%

+483

2,214

+78.4%

+973

5,575

+15.1%

+730

6,774

+21.5%+1,199COPRO CONSTRUCTION

5,136+10.5%

+487

6,204

+20.8%+1,068COPRO TECHNOLOGY

438+124.5%+243

569+29.9%

+131

4,253

+32.0%+1,030

4,632

+8.9%

+379

COPRO CONSTRUCTION

2,584+43.9%

+788

2,906

+12.4%+321

COPRO TECHNOLOGY

414+61.5%+157

580+40.1%

+166

1,254

+7.2%

+84

1,144

-8.7%

-108

1,321

-18.5%

-299

2,141

+62.0%

+820

2,551

-10.6%

-301

3,298

+29.3%

+746

24

-

+85

-10

-

-35

-1,254--84-1,145-+108

Net sales

Gross profit

SG&A expenses

COPRO-HOLDINGS and others

Operating profit
COPRO CONSTRUCTION
COPRO TECHNOLOGYCOPRO-HOLDINGS and others* Figures for subsidiaries are adjusted for consolidation after eliminating intra-group transactions.

©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

7

SECTION 02

Analysis of KPIs

©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

8

KPIs by Business• The number of recruits grew considerably, particularly at COPRO CONSTRUCTION. Co., Ltd. This led to the number of technicalemployees increasing by 893, or +29.4% YoY, to 3,929.

-(people, thousand of yen)

FYE2023
1H
Total recruited

2H

FYE2024
Full-Year

1H

2H

Full-Year

YoY
Pct Change

Amount of Change

803

944

1,747

1,166

1,056

2,222

+27.2%

+475

608

864

1,472

1,072

952

2,024

+37.5%+552

Mechanical design engineer

37

48

85

56

62

118

+38.8%

+33

SES

36

32

68

38

34

72

+5.9%

+4

122

0

122

0

8

8

-93.4%

-114

1,329

+45.7%+417

Construction technician dispatch

Increase due to M&A, etc.
Turnover total
Construction technician dispatch
Mechanical design engineer

429

483

912

687

642

381

431

812

644

589

1,233

+51.8%

+421

19

23

42

22

32

54

+28.6%

+12

29

29

58

21

21

42

-27.6%

-16

2,575

3,036

3,036

3,515

3,929

3,929

+29.4%

+893

2,344

2,777

2,777

3,205

3,568

3,568

+28.5%

+791

134

159

159

193

223

223

+40.3%

+64

97

100

100

117

138

138

+38.0%

+38

86.0%

86.6%

77.5%

83.7%

85.3%

74.7%

-

-2.8ptConstruction technician dispatch

86.0%

86.6%

77.4%

83.3%

85.8%

74.3%

-

-3.1ptMechanical design engineer

87.6%

87.4%

79.1%

89.8%

87.5%

80.5%

-

+1.4pt

SES

70.0%

90.0%

78.3%

91.7%

79.4%

75.8%

-

-2.5ptSales per engineer(period average)

643

644

643

614

611

612

-4.8%

-31

Construction technician dispatch

645

645

644

613

609

611

-5.3%

-34

Mechanical design engineer

576

614

599

612

624

618

+3.2%

+19

SES

566

592

587

662

722

699

+19.1%+112

SES

No. of technicians and engineers
Construction technician dispatch
Mechanical design engineer
SES
Retention rate

*The above figures, excluding sales per technical employee and retention rate at SES include IT freelance engineers. The amount of sales per technical employee and retention rate is for dispatchedtechnical employees only, excluding IT freelancers.
*Mechanical design engineer sales per engineer is for dispatched engineers only, excluding subcontracting.
* 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 oftechnicians at the end of the current fiscal year (current quarter)) × 100©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

9

Reference） Construction Technician Dispatching Business KPIs
• The number of recruits increased by 37.5% YoY to 2,024 due to improved process management.
• The retention rate decreased by 3.1 points YoY to 74.3% due to an increase in the number of newly recruitedtechnical employees resigning in the first quarter, and the retirement of senior personnel in the third quarter.

Recruitment, Turnover and Utilization Rate(people)FYE2022Full-Year

FYE2023
1Q

2Q

3Q

FYE2024
4Q

Full-Year

1Q

2Q

3Q

4Q

Full-Year

Total recruited

834

293

315

417

447

1,472

614

458

467

485

2,024

New graduates

56

54

0

2

0

56

154

0

0

0

154

Mid-career

778

239

315

415

447

1,416

460

458

467

485

1,870

Turnover total

859

223

158

191

240

812

361

283

299

290

1,233

Net change

-25

+70

+157

+226

+207

+660

+253

+175

+168

+195

+791

0

+122

0

0

0

+122

0

0

0

0

0

Number of technicians(quarter end)

1,995

2,187

2,344

2,570

2,777

2,777

3,030

3,205

3,373

3,568

3,568

Utilization rate (period average)

96.9％

96.3％

97.1％

96.3％

95.7％

96.3％

93.0％

94.6%

95.7%

94.9%

94.6%

Increase due to M&A, etc.

Retention Rate
FYE2022

FYE2023

FYE2024

Full-Year

1Q

2Q

3Q

4Q

Full-Year

1Q

2Q

3Q

4Q

Full-Year

Retention rate

69.9％

90.7％

93.7％

93.1％

92.0％

77.4％

89.4％

91.9%

91.9%

92.5%

74.3%

Retention rate (FY accumulative
total)

69.4％

89.7％

84.2％

79.0％

74.4％

74.4％

89.2％

82.3%

76.2%

72.1%

72.1%

Retention rate (Last twelve months)

69.4％

71.8％

72.3％

72.7％

74.4％

74.4％

75.0％

73.2%

71.6%

72.1%

72.1%

*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 total): Among the technicians who were registered at the end of the previous fourth quarter, the percentage who were still registered at the end of the relevant quarter.
*Retention rate (LTM): Among the technicians who were registered at the end of the quarter one year ago, the percentage who were still registered at the end of the same quarter one year later.
©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

10Reference） Mechanical Design and Development Engineer
Dispatching and Contracting Business KPIs
• The number of new recruits increased significantly due to active investment in recruiting costs and an increase in thenumber of people in charge of recruitment, with the technical employees increasing by 40.3% YoY to 223.
• The retention rate was 80.5%, an increase of 1.4 points YoY due to strengthening the cooperation between sales andrecruitment.
Recruitment, Turnover and Utilization Rate(people)FYE2022

FYE2023

FYE2024

Full-Year

1Q

2Q

3Q

（June-Mar）(Apr-June)(July-Sep)

4Q(Oct-Dec)(Jan-Mar)

Total recruited

20

14

23

25

23

85

29

27

28

34

118

New graduates

0

1

０

0

0

1

5

0

0

0

5

20

13

23

25

23

84

24

27

28

34

113

Mid-career

Full-Year

1Q

2Q

3Q

4Q

Full-Year

Turnover total

15

8

11

11

12

42

13

9

17

15

54

Net change

+5

+6

+12

+14

+11

+43

+16

+18

+11

+19

+64

Number of technicians(quarter end)

116

122

134

148

159

159

175

193

204

223

223

98.6％

96.9％

96.9％

98.6％

97.5％

97.5％

95.9％

97.9%

96.8%

97.3%

97.0%

Utilization rate (period average)

Retention Rate
FYE2022

FYE2023

FYE2024

Full-Year

1Q

2Q

3Q

（June-Mar）(Apr-June)(July-Sep)

4Q(Oct-Dec)(Jan-Mar)

Full-Year

1Q

2Q

3Q

4Q

Full-Year

-

93.8％

92.4％

93.1％

93.0％

79.1％

93.1％

95.5%

92.3%

93.7%

80.5%

Retention rate (FY accumulative
total)

88.9％

93.1%

89.7%

85.3%

81.0％

81.0％

93.7％

89.9%

85.4%

82.3%

82.3%

Retention rate (Last twelve months)

88.9％

84.7%

85.2%

84.9％

81.0％

81.0％

82.8％

84.2%

90.2%

82.3%

82.3%

Retention rate

*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 total): Among the technicians who were registered at the end of the previous fourth quarter, the percentage who were still registered at the end of the relevant quarter.
*Retention rate (LTM): Among the technicians who were registered at the end of the quarter one year ago, the percentage who were still registered at the end of the same quarter one year later.
©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

11

Reference） SES Business KPIs
• As a result of focusing on the operation of “Bscareer IT”, a project introduction site for IT engineers that opened in
March 2023, the number of applicants has increased.
• Eight technical employees were added to the group after it took over the SES business of Pacific Information

Consultants as of November 30, 2023.

Recruitment, Turnover and Utilization Rate(people)FYE2022Full-year

FYE2023
1Q

2Q

3Q

FYE2024
4Q

Full-year

1Q

2Q

3Q

4Q

Full-year

320

213

408

354

264

1,239

594

651

696

689

2,630

Total recruited

16

14

22

17

15

68

21

17

17

17

72

Turnover total

Number of applicants

16

17

12

6

23

58

12

9

6

15

42

Net change

-

-3

+10

+11

-8

+10

+9

+8

+11

+2

+30

Increase due to M&A, etc.

0

0

0

0

0

0

0

0

4

4

8

90

87

97

108

100

100

109

117

132

138

138

Number of technicians(quarter end)

* The above figures include IT freelance engineers.

Retention Rate
FYE2022Full-year
Retention rate-

FYE2023

FYE2024

1Q

2Q

3Q

4Q

75.0%

87.5%

100.0%

90.0%

Full-year
78.3%

1Q

2Q

3Q

4Q

89.3%

100.0%

87.0%

87.7%

Full-year
75.8%*The above figures is for dispatched technical employees only, excluding IT freelancers.
*Retention rate = Number of technical employees at the end of the current period (current quarter) ÷ (Number of technical employees at the end of the previous period (previous
quarter) + Number of recruits in the current period (current quarter)) x 100g

©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

12

SECTION 03

FYE2025 Business
Summary and
Growth Strategy©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

13

Business Overview (Construction Technician Dispatching):
Construction Industry Trends
The technician dispatching market is in an expanding trend
due to the chronic labor shortage
Number of construction industry employees*1

Human resources services for the constructionindustry - Market size forecast*2

In FY2022,
a -30.1% reduction from the peak

In FY2026, it is expected to increaseby 22.6% compared to FY2021(Bln of yen)

(10,000 people)

685

530

560

580

600

620

650

479

1997

2002

2007

2012

2017

2021

2022

2021

2022

2023

2024

2025

2026

（Forecast）
Medium-term business plan period*1 Based on “Labor Force Survey” by the Ministry of Internal Affairs and Communications*2 From Yano Research Institute's "2023 Edition Current Status and Prospects for the Human Resources Business PART
2: Human Resources Services by Industry & Occupation"©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

14

Business Overview (Construction Technician Dispatching):
Construction Industry Trends
Demand will continue to grow due to the application of the revised
Labor Standards Law*1 and active construction investment
Construction industry continues to seelarge-scale projects

The approaching 2024 problem■In response to the question “Will it be possible to meet the regulations
for overtime work?”, about 42% of the major construction companies
answered “Not possible”*2

The construction industry is facing many large-scale
projects such as linear motor trains, the Osaka Expo,semiconductors and redevelopment-related
construction.

■In response to the question, "What measures are you
implementing or considering in preparation for the 2024 problem?
28 companies responded "Use of temporary staffing (Construction
manager)” *２※3

Use of temporary staffing(Construction manager)

58.0%

※5

28

42.0%
Securing human resources bystrengthening recruitment of new

26

graduates and mid-career hires※4

Not possible
Use of outsourcing

23

Possible
0

10

20

30
（company）*Out of 31 companies (multiple responses possible)*1 From April 2024, the upper limit on overtime work under the revised Labor Standards Law will begin to apply to the construction industry.
*2 From Nikkei XTECH’s "40% of General Contractors Have No Prospect of Meeting Overtime Work Regulations - the 2024 Problem"*3 ©Maryland GovPics, 2015, CC-BY-2.0, https://commons.wikimedia.org/wiki/File:SC_Maglev_Test_Ride_(18464832625).jpg*4 Provided by: Japan Association for the 2025 World Exposition*5 ©Syced, 2023, CC-Zero, https://commons.wikimedia.org/wiki/File:Toranomon-Azabudai_district_2023.jpg©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

15

Growth Strategy (Construction Technician Dispatch)✓ Continuing from FYE2024, in order to capture the tailwind of the business environment,
we will increase the number of hires in FYE2025 as well, and we will aim to expand thenumber of technical employees and the scale of our business✓ We will focus more on technical employee retention, and develop a middle tier with ahigh unit price

Recruitment✓ While refining our process management, we will continue to do
our own recruitment, which is our strength and has the highest
level in our industry.

✓ In addition to the media in which we place job openings, we will
expand our recruiting channels by using our own recruiting
website "Bscareer Construction" and referral recruiting, etc.

Retention✓ We will focus more on improving the retention rate offirst and second-year technical employees.

✓ By improving the retention rate, we will increase thenumber of technical employees with a high unit price.

©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

16

Growth Strategy ①：Further Expansion of Recruitment✓ While refining our process management, we will continue to do our own
recruitment, which is our strength and has the highest level in our industry
Following on from FYE2024, we will expand
the number of recruits in FYE2025 as well■Comparison of recruiting costs（thousand of yen）

■Transition in the number of recruits（people）
3,000

CAGR
+40.2%
2,000

356

333

FYE2023
23/3期

FYE2024
24/3期

365

2,299
2,024

1,472

1,000

Continuing our own recruiting, which has
the highest level in our industry

FYE2025
25/3期(forecast)
(予想)

834

■Transition in the rate of increase for thenumber of technical employees （QoQ）

Our
当社
Company

10%

Average of
他社平均other companies

5%

0

0%

FYE2022
22/3期

FYE2023
23/3期

FYE2024
24/3期

FYE2025
25/3期(plan)
(計画)

1Q

2Q

3Q

FYE2023

4Q

1Q

2Q

3Q

FYE2024©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

17

Growth Strategy ①：Further Expansion of Recruitment✓ Expanding our recruiting channels by utilizing such things as our own
recruitment website “Bscareer Construction” and referral recruitment
Our own website“Bscareer Construction”
In March 2024, we opened “Bscareer Construction”.
In order to respond to the labor shortage that is
growing, beginning with the 2024 problem, we arestrengthening our own recruitment website to attract
more people.

Point 1

Improving user satisfaction through updating

By changing from “Gen-Kyari” to “Bscareer Construction”, the UI has beensignificantly updated. We expect to increase the number of applicants byproviding a specification that allows a wide range of projects to bepresented to users.

Point 2Mainly targeted at those with experience

With an advertising strategy that focuses primarily on people withexperience in the industry, we expect an increase in the ratio of
applications from experienced workers and an improvement in hiring
efficiency.

Point 3

Precise job guidance for targeted job seekers with
MA tool

Using the MA tool, distributing precise recruitment guidance based on
past applicant data. We aim to obtain more applications by increasing thenumber of contacts.

FYE2025 Bscareer Recruitment Plan

The number of
recruits+107%（YoY）

The unit pricefor recruitment-33%（YoY）※ MA tool; Marketing Automation. A generic term for tools that manage, automate, and streamline a series of marketing initiatives for acquiring new customers.

©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

18

Growth Strategy ②: Retention of First & Second-Year Technical Employees✓ We will focus more on technical employee retention, and develop a middle tier with ahigh unit price
Trend of increasing from the third year
the unit price charged

Strengthening the segment whose
unit price is on the rise

■ Trends in unit price charged■ Change in the composition of technical employees

700
Company-wide target
level of 3% or higher

+2.2%

3年目以降
More
than 3 years+10.5%

+8.9%

2年目
2nd
year

+10.0%

+6.0%

+5.2%

+5.8%

4,000
+5.0%

1年目
1st
year

+3.4%

3,568

+0.0%

600

3,000
-+5 .0 %

2,777

1,208

issue.

-+1 0.0%

1,092
792

2,000
-+1 5.0%500

391-+2 0.0%-+2 5.0%

Through the "Technician
Support Platform," we are

1,000

1,294

1,568

-+3 0.0%400-+3 5.0%

1st
year

2nd
year

3rd
year

4th
year

5th
year

6th
year

7th
year

8th
year or

While the absolute numberof technical employees who
have been with thecompany for three years ormore is increasing,
retention in the first andsecond-year remains an

improving the retention rate
while strengthening training
for first and second-year

0

FYE2023
23/3期

FYE2024
24/3期

employees.

more
Unit price charged

Rate of increase©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

19

SECTION 04

FYE2025 Earnings
Forecast©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

20

Full FY Earnings Forecast for FYE2025 (Summary)
Number of Consolidated
Technicians and Engineers

Net Sales

Operating Profit

5,168people

30,000million yen

2,700million yen

YoY +31.5％

YoY +24.5％

Non-GAAP Operating Profit

Ordinary Profit

Profit Attributable to
Owners of Parent

3,162million yen

2,714million yen

1,755million yen

YoY +29.7％

YoY +22.7％

過去
最高

過去
最高

YoY +26.1％

YoY +19.9％

Point 1

We aim to accelerate the expansion of our scale while continuing to invest in growth, mainly inrecruiting costs for the dispatching of construction technicians.

Point 2

While continuing to invest in growth, we plan to improve productivity, mainly in the back office, andwill maintain a high growth rate for each type of profit.

* The number of consolidated technicians & engineers is the number of employees at the end of the fiscal year including IT freelancers in the SES business.
* To measure essential performance in profit, non-GAAP operating profit is calculated by adding depreciation costs, goodwill amortization and stock-based compensation expenses back to operating profit©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

21

FYE2025 Consolidated Earnings Forecast（million of yen）

FYE2025 (Forecast)

FYE2024

Full Year
Results

Ratio

Full-Year

YoY

Ratio

Pct Change

Amount of
ChangeNet sales

24,098100.0%

30,000100.0%+24.5%+5,901

Cost of sales

17,32371.9%

21,551

71.8%+24.4%+4,227Gross profit

6,774

28.1%

8,449

28.2%

+24.7%+1,674

SG&A expenses

4,632

19.2%

5,749

19.2%

+24.1%+1,116

Operating profit

2,141

8.9%

2,700

9.0%

+26.1%+558

Non-GAAP operating profit*1

2,437

10.1%

3,162

10.5%

+29.7%+724

Ordinary profit

2,211

9.2%

2,714

9.0%

+22.7%+502

Profit attributable to owners of parent

1,463

6.1%

1,755

5.9%

+19.9%+291

Earnings per share (*2 after stock split) (yen)

77.68

-

91.97

-

+18.4%+14.29Number of consolidated technicians andengineers (quarter end)*3

3,929

-

5,168

-

+31.5%+1,239

*1. To measure essential performance in profit, non-GAAP operating profit is calculated by adding depreciation costs, goodwill amortization and stock-based compensation expenses back to operating profit.
*2. A 2-for-1 stock split was taken effect on Sunday, October 1, 2023.
Earnings per share is calculated on the assumption that the stock split was conducted at the beginning of FYE2024.
*3. The number of consolidated technicians & engineers is the number of employees at the end of the fiscal year including IT freelancers in the SES business.

©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

22

-

FYE2025 KPIs by Business (Forecast)(people, thousand of yen)

FYE2024
1H

FYE2025

2H

YoY

Full-Year(Forecast)

Full-Year

Amount of
ChangePct Change

1,166

1,056

2,222

2,776

+24.9%

+554

1,072

952

2,024

2,299

+13.6%+275

Mechanical design engineer

56

62

118

207

+75.4%

+89

SES

38

34

72

270

+275.0%

+198

0

8

8

-

-

-8

687

642

1,329

1,537

+15.7%

+208

644

589

1,233

1,438

+16.6%+205

Mechanical design engineer

22

32

54

49

-9.3%

-5

SES

21

21

42

50

+19.0%

+8

3,515

3,929

3,929

5,168

+31.5%+1,239

3,205

3,568

3,568

4,429

+24.1%+861

Mechanical design engineer

193

223

223

381

+70.9%

+158

SES

117

138

138

358

+159.4%

+220

83.7%

85.8%

74.7%

76.6%

-

+1.9ptConstruction technician dispatch

83.3%

85.8%

74.3%

75.5%

-

+1.2ptMechanical design engineer

89.8%

87.5%

80.5%

88.6%

-

+8.1pt

SES

91.7%

79.4%

75.8%

87.9%

-

+12.1pt

Total recruited
Construction technician dispatch

Increase due to M&A, etc.
Turnover total
Construction technician dispatch

No. of technicians and engineers
Construction technician dispatch

Retention rate

* The above figures, excluding retention rate of SES, include IT freelance engineers. The retention rate is for dispatched technical employees only, excluding IT freelancers.
* 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 oftechnicians at the end of the current fiscal year (current quarter)) × 100©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

23

SECTION 05

FYE2025
Dividend Forecast©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

24

Revision of Dividend Forecast (Dividend Increase)
Dividend Policy
Dividends are the basis for shareholder returns, which we consider to be one of the important management issues, and ourbasic policy is to pay stable dividends. We will not reduce dividends, but rather maintain a consolidated dividend payout ratio of
50% or more, during the period covered by the Medium-Term Management Plan "COPRO Group Build the Future 2027" (fromFYE2023 to FYE2027), depending on the profit growth achieved through aggressive investment.

Dividend & Dividend
Payout Ratio

Dividend Per Share

65.2%

（yen）
60

Interim

FY EndCommemorative
Dividend

70.0%

64.4%

Total

53.7%

50

5

60.0%

50.0%

FYE2024

15.0円

30.0円

5.0円

50.0円

40

35.1%
30

FYE2025(Forecast)

20.0円

40.0円

-

40.0%

30

26.1%

30.0%

60.0円
20

20.2% 18.5%
0.5
7.5

1.25
10

10

* The dividend per share has been retroactively revised totake into account the impact of the one-to-two stock split
implemented on October 1, 2023.

40

39.2%

10

12.5

15

20.0%

20
20

15

5

5

5

5

FYE2020

FYE2021

FYE2022

FYE2023

0

10.0%

0.0%

FYE2018

FYE2019

FYE2024

18/3期 19/3期 20/3期 21/3期 22/3期 23/3期 24/3期

FYE2025(Forecast)
25/3期

(予想)
普通配当(中間)

普通配当(期末)

記念配当(期末)

配当性向(%)©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

25

Status for Complying with Criteria to Maintain our Prime Market Listing• In order to meet the criteria of “market capitalization of 10 billion yen or more for tradable shares” to maintain our listing, andrecognizing that further improvement in our stock price, which is a component of market capitalization for tradable shares, is an
issue, we are promoting various initiatives to exceed the targets of the Medium-Term Management Plan “COPRO Group Build the
Future 2027” (FYE2023 to FYE2027).
⇒ As a result of the initiatives, the criteria for the market capitalization of tradable shares were met as of the end of March
2024, as described in the "Notice Concerning Compliance with the Continued Listing Criteria of the Prime Market to
Maintain Our Listing". With the aim of further expanding our shareholder value going forward, we will continue to examine
improving our business performance, which forms the source of our shareholder value, and expanding dividends inaccordance with our profit growth.
PER
25.3x

(million of yen)

15,000(x)

14,059Mln yen

26

24
22
20
18

10,00014

Mln yen

12
10

5,000

4,206
Mln yen

0

16

9,225

PER
10.6x

End of
2021.9末
Sep. 2021

8

5,160
3,826
Mln yenEnd of
2022.3末Mar. 2022

6

Mln yen3,178

4

Mln yen2

End of
2022.9末
Sep. 2022

End of
2023.3末Mar. 2023

Tradable Share Market
流通株式時価総額
Capitalization

PER

End of
2023.9末
Sep. 2023

End of
2024.3末Mar. 2024*The market capitalization of tradable shares is calculated based on the number of tradable shares and©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.
the closing price as of the closing date of the quarter in question.

026

SECTION 06

Measures to Be Taken to
Implement a Managementthat is Conscious of theCapital Cost and the StockPrice©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

27

Measures to Be Taken to Implement a Management that is Conscious of the Capital Costand the Stock Price

Analysis of the Current Situation

Future Policy• Due to strong business results and a review of shareholder
returns, our PBR is on an upward trend and is currently
around 4 times.

• With the construction technician dispatching business as themain driver, we have achieved profit growth by expanding themechanical design engineer dispatching & SES business andcreating synergies between business areas.

• In FYE2024, we achieved return on capital (ROE: 19.4%)
that exceeded the cost of shareholders' equity (about 8%).
FY-end closing stock price

FY-end BPS

FY-end PBR

(yen)

(x)
4.3

2,000

5.0
4.0
3.0

2.2

1,000

1.5

1.4

394

291

726

328

529

352

1.9

703

379

1,831

2.0

422

0

FYE2021
21/3期

FYE2022
22/3期

FYE2023
23/3期

FYE2024
24/3期• While business results are growing, equity capital is increasing
due to the accumulation of internal reserves. Since improving
financial soundness beyond the current level will lead to a
deterioration in future capital efficiency, we will actively returnsurplus funds to shareholders while taking business andinvestment plans into consideration.
Net Sales(Bln 売上高
of yen)Non-GAAP
Operating Profit
Non-GAAP営業利益

EPS(Bln of yen)

(Bln of yen)

(yen)

50

ROE

180
More than

19.4%
17.2%

150

12.7%

15%

10

5%

0
FYE2021
21/3期

FYE2022
22/3期

FYE2023
23/3期

78

20

Cost of shareholders’ equity about 8%

FYE2024
24/3期

120

92

30

15.0%

FYE2020
20/3期

150

40

21.3%

20%

10%

• Introducing performance-based stock acquisition rights linked
to Medium-Term Plan financial targets (announced on April 12,2024).

0.0

FYE2020
20/3期

25%

1.0

• We aim to increase EPS (net profit per share) by promoting
strategies based on the Medium-Term Management Plan
“COPRO Group Build the Future 2027” (FYE2023-FYE2027).

47

90
33

30

24

40

60

1.6

2.4

3.1

3.9

5.0

FYE2023

FYE2024

FYE2025

FYE2026

FYE2027(Results)(Results)(Forecast)

(実績)

(予想)

(Mid-termManagement Plan)(Mid-termManagement Plan)

18

23/3期
(実績)

24/3期

25/3期

26/3期

(中計目標)

30
0

27/3期

(中計目標)©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

28

SECTION 07

Announcement of the
Appointment of the
President and Chief
Executive Officer of
COPRO CONSTRUCTION.
Co., Ltd.

©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

29

Announcement of the Appointment of the President and Chief Executive Officer of
COPRO CONSTRUCTION. Co., Ltd. (Scheduled)✓ Start of a new structure towards further breakthroughs
In June 2024, COPRO CONSTRUCTION. Co., Ltd., which operates a construction technician dispatching business, is scheduled to appoint
Yusuke Koshikawa (former director) as the president and chief executive officer.
Mr. Koshikawa has held the positions of branch manager, recruitment strategy head and general manager of sales at COPROCONSTRUCTION. Co., Ltd., and after gaining comprehensive business experience in the construction technician dispatching business for 16
years, he will assume the position of president and chief executive officer.
This appointment is aimed at achieving the Medium-Term Management Plan “COPRO Group Build the Future 2027”, and while further
strengthening both sales and recruiting activities, the purpose is to expand business and increase corporate value over the medium to longterm. The former representative, Mr. Kiyokawa, will remain on the board of directors of COPRO CONSTRUCTION. Co., Ltd. and continue tofollow up with the new representative, Mr. Koshikawa, and we will strive to improve our corporate value by contributing to the solving of
problems in the construction industry while refining the services we provide.

COPRO CONSTRUCTION. Co., Ltd.
President and chief executive officer: Yusuke Koshikawa
Mar. 2008

Started working at Trusty Crew Co., Ltd. (currently our Company)

Feb. 2011

Manager of the Nagoya branch of the Company

May 2013

Manager of the Tokyo metropolitan branch of the Company

Jun. 2016

COPRO-HOLDINGS. Co., Ltd.
Executive Officer & Head of Recruitment Strategy at Headquarters

Mar. 2017

COPRO-HOLDINGS. Co., Ltd.
Appointed as Director & Recruitment Strategy Head
Appointed as Director at COPRO-ENGINEERD. Co., Ltd.
(currently COPRO CONSTRUCTION. Co., Ltd.)

Apr. 2020

COPRO-HOLDINGS. Co., Ltd.
Director & Human Resources Strategy Head

Apr. 2021

COPRO-ENGINEERD. Co., Ltd.
Director & General Manager of Sales

Jun. 2024

COPRO CONSTRUCTION. Co., Ltd.
Appointed President and Chief Executive Officer©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

30

SECTION 08【Appendix】
Company
Outline©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

31

Company Outline
Company
Name

COPRO-HOLDINGS. Co., Ltd.

Representa
tive

Kosuke Kiyokawa, CEO

Head
OfficeDai Nagoya Building 25F, 3-28-12
Meieki, Nakamura-ku, Nagoya, Aichi

Established

October 2006

FiscalYear-EndMarch

Listing
Market• Tokyo Stock Exchange, Prime Market• Nagoya Stock Exchange, Premier Market

TickerSymbol7059

Listing
Date• Mar. 2019
Listed for the public trading on the
Mothers section of the Tokyo Stock
Exchange and the Centrex sectionof the Nagoya Stock Exchange

Domestic
Subsidiaries• COPRO CONSTRUCTION. Co., Ltd.
• COPRO TECHNOLOGY. Co., Ltd.

Overseas
Subsidiaries• COPRO VIETNAM CO., LTD.

Business
Details• Construction Technician Dispatching
Business• Mechanical Design and Development
Engineer Dispatching and Contracting
Business• SES Business

Number of
Employees

4,189(as of March 31, 2024, Consolidated)• Sep. 2020
Listed in the First Section of the Tokyo
Stock Exchange and the First Section of
the Nagoya Stock Exchange©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

32

Introduction of the Management Team

➢ COPRO-HOLDINGS. Co., Ltd.

➢ COPRO CONSTRUCTION. Co., Ltd.

➢ COPRO TECHNOLOGY. Co., Ltd.

President and Representative Director

President and Representative Director

President and Representative Director

Kosuke Kiyokawa

Yusuke Koshikawa

Hideki Nishioka➢ Born in Aichi on October 16th, 1977

➢ Born in Shizuoka on October 15th, 1985

➢ Born in Aichi on September 17th, 1971

➢ After graduating from Nagoya Technical➢ Joined Trusty Crew Co., Ltd. (currently COPRO-➢ Started working at ATMOS Co., Ltd. in 2006.

College, he worked as a site foreman at a local
construction company for two years.
➢ After five years of experience in sales at a major

HOLDINGS. Co., Ltd.) in 2008

(currently COPRO TECHNOLOGY. Co., Ltd.)➢ After working as the Nagoya branch manager,➢ After joining the Company, and following 14

recruitment strategy head and general manager

years of experience as the manager of theconstruction-related worker dispatchingof sales, he will be appointed as the president

corporate planning office, he was appointed ascompany and then serving as the company’s

and chief executive officer of COPROa director of the Company in May 2020. In April

president, he founded our company in 2006.

CONSTRUCTION. Co., Ltd. in June 2024.

2021, he was appointed as the president andchief executive officer of the Company.
©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

33

Company History
2006

Oct. Trusty Crew Co., Ltd. established2008

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

2019Mar. Listed on the Mothers market of the Tokyo Stock Exchange
and the Centrax market of the Nagoya Stock Exchange

2020

Apr.

COPRO GLOBALS PTE. LTD. established (Singapore)

Sep.

Moved the market to the First Section of the Tokyo Stock Exchange
and the First Section of the Nagoya Stock Exchange

Apr.

COPRO VIETNAM CO., LTD. established (Vietnam)

2021

ATMOS Co., Ltd acquired as a wholly-owned subsidiary

2022

Sep.

VALUE ARK CONSULTING Co., Ltd acquired as a wholly-owned subsidiary

Apr.

Temporary staffing and fee-charging employment business of Hucoss. Co., Ltd
taken over through an absorption-type demerger

Moved the market to the Prime section of the Tokyo Stock Exchange
and the Premier section of the Nagoya Stock Exchange2023

Oct. Changed the name of COPRO-ENGINEERD. Co., Ltd. to COPRO CONSTRUCTION. Co., Ltd.
ATMOS Co., Ltd. absorbed and merged VALUE ARK CONSULTING Co., Ltd. and change thecorporate name to COPRO TECHNOLOGY. Co., Ltd.
Nov. Acquired the system engineering service business (SES) from Pacific Information Consultants©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

34

Business Outline
Engineer
Employment
contract

Employment contract

Outsourcing *1
contract

Construction Technician
Dispatching Business

Mechanical Design and Development Engineer
Dispatching and Contracting / SES Business

COPRO CONSTRUCTION. Co., Ltd.

COPRO TECHNOLOGY. Co., Ltd.
Providinglabor

Number ofEngineers ：3,568

Number ofEngineers ：361

*as of March 31, 2024

*as of March 31, 2024

COPRO-HOLDINGS. Co., Ltd.
Dispatch
contract

Dispatch contract

Quasi-mandate *2
contract

Clientcompanies*1 - In the SES business of COPRO TECHNOLOGY, some of the engineers are freelancers, so it is an outsourcing contract.
*2 - In the SES business of COPRO TECHNOLOGY, some of the engineers are freelancers, so it is a quasi-mandate contract.
©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

35

企業理念
Issues of the Construction Industry

MISSION
Creating a dynamic”human driven” society

VISION
Becoming a humanresource development
company that ignites
people’s hearts

VALUE

Aging ofengineers

Delay of Digital
Transformation

Chronic labor
shortage

Resolve the Construction Industry Issues

Realization of Our Purpose

Expanding the recruiting of
inexperienced people

The best “work style”
and the best “workers.”

Promoting retention
through careful follow-up

Career support tailored to thelevel of the technical employee

Working with a sense of
purpose©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

36

Dispatch Area：Construction Technician Dispatching
Area of Technician Dispatching

Role of Construction Management

local governments,
Ordering party (Country,
developers, etc.)

The main duties are coordination and preparationsuch as adjusting construction progress, ordering
materials and ensuring safe work.

Ordering

Construction company (general contractors, etc.)

Site agent

Construction manager

Workers

Three main areasof management

Responsible fornegotiations with theordering party, etc.,
and oversight of theconstruction site.
Responsible for managing
processes, quality andsafety, etc., to ensurethat construction
progresses smoothly.
Doing the work at theconstruction site, such as
carpenters, construction
workers and electricians.

Quality
management

Process
management
Construction
manager

Safetymanagement©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

37

Business Characteristics
A “stock-type business” with high growth potential(Bln of yen, people）

By increasing sales in proportion to the number of dispatched technical employees,
stable earnings growth can be expected

5,168
350

450 0

300

3,929

Achieved 17 consecutive years ofrevenue growth since our founding

30.0

250

350 0

3,036

24.2
200

250 0

1,984

2,020

1,591

18.7
150

14.8
150 0

2,201

15.5

13.1
100

500

50

-500

0

FYE2007(1st FY)

Consolidate
net sales

FYE2020 FYE2021 FYE2022 FYE2023 FYE2024 FYE2025(Forecast)

Number of consolidated
technicians & engineers*The number of consolidated technicians & engineers is the number of employees at the end of the fiscal year including IT freelancers in the SES business.
©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

38

Group Business Scale
Market size of human resource services for theconstruction industry (comparison of 9 listed companies)（Bln of yen）
O社O

40.1

O社O

21.8

T社T

21.6

T社T

16.2

N社N

16.0

W社W

10.4

U社U

5.2

W社W

5.0

Consolidated Net Sales

24,098million yen

23.1

COPRO
コプロCN
CONSTRUCTION

Net Sales Ratio（FYE2024）

Market Share

3.9％

Market Scale※

560Bln yen*From Yano Research Institute's "2023 Edition Current Status and Prospects for the
Human Resources Business PART 2: Human Resources Services by Industry & Occupation"*Figures for the dispatch of construction technicians are posted
from the latest financial statements of each company.

 The market share of the nine listed companies is low at about
28%, and many are small and medium-sized companies.
 As competition for human resources intensifies, it is forecast that
small and medium-sized enterprises will find it difficult to grow on
their own.

COPRO CONSTRUCTION
Construction Technician Dispatching
Business

COPRO TECHNOLOGY
Mechanical Design and Development
Engineer Dispatching and Contracting/SES Business：90.8％：9.2％

 It is forecast that higher-ranking companies will gain more market
share from lower-ranking companies in the future.
©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

39

Branch OfficeConstruction Technician Dispatching

11 base

Mechanical Design and Development Engineer
Dispatching and Contracting

SES

4 base1 baseOverseas

1 base*As of December 2023

©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

40

Progress of the Medium-Term Management Plan
• While making investments in growth, such as recruiting costs mainly in the construction technician dispatching business, we
aim to accelerate the organic growth of existing businesses and exceed the Medium-Term Plan performance targets for eachfiscal year.
• We will also actively consider intermittent growth through M&A, which is not factored into the Medium-Term Plan.

Non-GAAP Operating Profit

Consolidated Net Sales
Mid-termmanagement plan

Mid-termmanagement plan

FYE2027

FYE2027

40.0Bln yen
Vs. Mid-term
management plan

＋11.9％

Vs. Mid-term
management plan

＋10.5％

Vs. Mid-term
management plan

＋5.2％

30.0Bln yen

24.0Bln yen

5.0Bln yen

FYE2026

33.0Bln yen

FYE2026
Vs. Mid-term
management plan

3.9Bln yen＋17.1％

FYE2025

26.8Bln yen
Vs. Mid-term
management plan

FYE2024

21.8Bln yen

3.1Bln yen＋28.3％

FYE2025

2.7Bln yen

FYE2023

17.8Bln yen

18.7Bln yen

Vs. Mid-term
management plan

2.4Bln yen

FYE2024

1.9Bln yen＋20.4％

FYE2023

1.6Bln yen

23/3期
FYE2023

24/3期
FYE2024

25/3期
FYE2025(Forecast)

23/3期
FYE2023

1.3Bln yen

24/3期
FYE2024

25/3期
FYE2025(Forecast)(予想)©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

41

Consolidated Financial Results
Net Sales

Non-GAAP Operating Profit

Operating Profit（Mln of yen）

（Mln of yen）

（Mln of yen）

2,700
30,00024,098
14,836 15,589

FYE2021
21/3期

FYE2022
22/3期

1,437

18,791FYE2023
23/3期

FYE2024
24/3期

FYE2025
25/3期(予想)(Forecast)Ordinary Profit

FYE2021
21/3期

2,437

1,621
1,321

FYE2022
22/3期

FYE2023
23/3期

1,530

FYE2024
24/3期

1,009

1,324

FYE2024
24/3期

FYE2023
23/3期

FYE2025
25/3期(予想)

FYE2024
24/3期

FYE2025
25/3期(予想)(Forecast)

Earnings per share
（yen）

91.97
77.68

1,463

1,619

FYE2023
23/3期

FYE2022
22/3期

1,606

1,755

2,211

FYE2022
22/3期

FYE2021
21/3期

1,841

（Mln of yen）

2,714

FYE2021
21/3期

FYE2025
25/3期(予想)(Forecast)Profit Attributable to Owners of Parent（Mln of yen）

1,439

3,162

2,141

FYE2021
21/3期

962

FYE2022
22/3期

53.37
864

FYE2023
23/3期(Forecast)

FYE2024
24/3期

FYE2025
25/3期(予想)(Forecast)

FYE2021
21/3期

51.06

FYE2022
22/3期

46.54

FYE2023
23/3期

FYE2024
24/3期

FYE2025
25/3期(予想)(Forecast)*A 2-for-1 stock split was implemented on the effective date of October 1, 2023 (Sunday).
*Net profit per share has been retroactively revised to take into account the impact of the stock split mentioned above.
©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

42

Disclaimer and Forward-Looking Statements◼ This document has been prepared by COPRO-HOLDINGS. Co., Ltd. (the “Company”) to assist investors inunderstanding the current status of Company.
◼ The information contained in this document is based on economic, social, and other conditions generally recognized

as of the date of publication and on certain assumptions deemed reasonable by Company. However, the information
may be modified without notice due to changes in the business environment or other factors.
◼ Materials and information provided in this document include so-called "forward-looking statements”. These forwardlooking statements are based on current expectations, forecasts and assumptions that involve risks anduncertainties that could cause actual results to differ materially from these statements.

◼ These risks and uncertainties include general industry, market conditions, general domestic and international
economic conditions such as interest rate and currency exchange rate fluctuations.
◼ Company undertakes no obligation to update or revise any forward-looking statements contained in this document,
whether as a result of new information or future events.

Contact
COPRO-HOLDINGS. Co., Ltd.
Corporate Planning Office,
IR Section

Message us via IR website
https://copro-h.co.jp/en/contact/©2024 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

43