Fiscal Year Ending March 31, 2022

February 10, 2022

Contents

1. Major Topics from 2nd Quarter Financial Results Announcement

2. Consolidated Financial Highlights
3. Breakdown of Sales & Key Performance Indicators（Dispatching business of construction and plant engineers）

4. Breakdown of Sales & Key Performance Indicators（Dispatching and contracting business of machinery design and development engineers）

5. FYE2022 Business Outlook and Financial Forecast
6. Returning Shareholders©2022 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

11. Major Topics from 2nd Quarter Financial Results Announcement
2. Consolidated Financial Highlights
3. Breakdown of Sales & Key Performance Indicators（Dispatching business of construction and plant engineers）

4. Breakdown of Sales & Key Performance Indicators（Dispatching and contracting business of machinery design and development engineers）

5. FYE2022 Business Outlook and Financial Forecast
6. Returning Shareholders©2022 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

2

Major Topics from 2Q Financial Results Announcement
Plans to Meet the Continued Listing Criteria (announced on December 10, 2021)• In order to meet the Prime Market’s listing criteria, we intend to promote each business strategy based on the medium-term
management plan (FYE2023 to FYE2027), which will be announced in Spring 2022. At the same time, we intend to expand ourbusiness results by enhancing corporate governance and improving stock liquidity in order to increase the total value of the market
through the improvement of corporate value.
• We expect to achieve a tradable share market capital of at least 10 billion JPY by the end of March 2027, the final fiscal year of themedium-term management plan.

Completion of Share Repurchase (announced on December 3, 2021)• At a meeting of the Board of Directors held on September 14, 2021, the Company resolved to repurchase up to 0.3 million shares at
a total cost of 350 million for the purpose of implementing a flexible capital policy in response to changes in the businessenvironment in order to meet the Prime Market’s listing criteria of at least 10 billion for a tradable market capital.
• During the period from September 15 to November 30, 2021, the Company repurchased the following shares.
✓ Total number of shares repurchased： 280,000 shares (2.93% of the total number of issued shares (excluding treasury stock))✓ Total amount of repurchase： 349,942,000 JPY

Began Consolidation of Profits and Losses of VALUE ARK CONSULTING CO., LTD.

• Profit and loss of VALUE ARK CONSULTING CO., LTD., a company engaged in the SES business targeting freelance IT engineers,which the Company conducted an M&A on September 30, 2021, was newly consolidated in the 3rd quarter of FYE2022 under review.

©2022 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

3

1. Major Topics from 2nd Quarter Financial Results Announcement
2. Consolidated Financial Highlights
3. Breakdown of Sales & Key Performance Indicators（Dispatching business of construction and plant engineers）

4. Breakdown of Sales & Key Performance Indicators（Dispatching and contracting business of machinery design and development engineers）

5. FYE2022 Business Outlook and Financial Forecast
6. Returning Shareholders©2022 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

4

Consolidated Financial Highlights• Net sales increased 3.4% year on year due to the new consolidation of ATMOS and VALUE ARK CONSULTING.
• Non-GAAP operating profit* increased significantly by +24.7% year-on-year due to the contribution of the improved cost of
sales ratio from the progress in charge-up negotiations at COPRO-ENGINEERED.
* Non-GAAP operating profit is calculated as operating profit plus amortization of goodwill and share-based remuneration expenses
as an essential indicator measuring profit.
（millions JPY）

FYE2021

FYE2022Year-on-year

Nine months

Ratio to sales

Nine months

Ratio to sales(%)(amount)

Net sales

11,068100.0％

11,440100.0％

+3.4％

+371

Cost of sales

7,915

71.5％

7,909

69.1％

△0.1％

△5

Gross profit

3,152

28.5％

3,530

30.9％

+12.0％+377

SG&A expenses

2,194

19.8％

2,408

21.1％

+9.8％

+214

Operating profit

958

8.7％

1,121

9.8％

+17.1％+163

Amortization of goodwill

－

－

37

－

－

+37

Share-based remuneration expenses

－

－

35

－

－

+35

Non-GAAP Operating profit※

958

8.7％

1,194

10.4％

+24.7％+236

Ordinary profit

960

8.7％

1,119

9.8％

+16.6％+159

Profit attributable to owners of parent

689

6.2％

619

5.4％

△10.2％△70

Number of engineers on a consolidated
basis

2,054

－

2,116

－

＋3.0%

+62

* The number of engineers on a consolidated basis is the number of engineers at the end of the fiscal year excluding the SES business.

©2022 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

5

Quarterly Consolidated Financial Results• Net sales, operating profit, and Non-GAAP operating profit for 3rd Quarter period achieved record highs on a quarterly basis.

FYE2020

FYE2022

FYE2021

4,500

3,000

✓ Number of consolidated engineers at theend of 3Q: +30 QoQ✓ 3rd Quarter net sales: +5.0% QoQ

4,000
2,500
3,500
2,000
3,000

2,500
（millions JPY）

1Q

2Q

3Q

4Q

1Q

FYE2020

2Q

3Q

4Q

1Q

FYE2021

2Q

3Q

FYE2022Net sales

3,023

3,149

3,376

3,573

3,606

3,664

3,796

3,768

3,555

3,846

4,038

Operating profit

298

371

464

458

198

333

426

479

277

354

488

Non-GAAP Operating profit

298

371

464

458

198

333

426

479

282

379

532

Number of engineers

1,686

1,763

1,879

1,984

2,044

2,002

2,054

2,020

1,957

2,086

2,116

Net sales

1,500

Number of engineers* Non-GAAP operating profit is calculated as operating profit plus amortization of goodwill and share-based remuneration expenses as an essential indicator measuring profit.
* The number of engineers is the number of engineers at the end of the fiscal year excluding the SES business.

©2022 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

6

Consolidated Operating Profit• Non-GAAP operating profit increased +24.7% year on year, supported by the contribution from newly consolidated VALUE ARKCONSULTING, in addition to the contribution from the increase in gross profit from progress in charge-up negotiations at

COPRO-ENGINEERED.
（Newly Consolidated）（Newly Consolidated）

ATMOS
△18

VALUE ARKCONSULTING+28

COPRO-ENGINEERED+378

Others(Corporate andconsolidated
adjustments)

Increase in
SG&A
Decrease in
SG&A

958

Increase ingross profit(Dispatchbusiness)

Increase ingross profit(Contractbusiness)

Increase inoperatingprofit（millions JPY）

1,194

Amortizationof goodwill,
etc.

1,121

Increase ingross profit

Non-GAAP Operating profit (prior to amortization of goodwill, etc.)
Up 236 million (+24.7%)
Operating profit (after amortization of goodwill, etc.)
Up 163 million（+17.1％）
FYE2021Nine months

FYE2022
Nine months

FYE2022
Nine months

Non-GAAP Operating profit/Operating profit

Non-GAAP Operating profit

Operating profit* Non-GAAP operating profit is calculated as operating profit plus amortization of goodwill and share-based remuneration expenses as an essential indicator measuring profit.

©2022 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

7

Non-Consolidated Results of Subsidiaries
COPRO-ENGINEERED. Co., Ltd.

Sales by Subsidiary（millions JPY）

FYE2021Net sales

FYE2022Year-on-year

NinemonthsRatio to
sales

Nine
monthsRatio to
sales

(%)

11,068100.0％

11,032100.0％

△0.3％

71.5％

7,585

68.8％

△4.2％

△330

Gross profit

3,152

28.5％

3,447

31.2％

+9.3％

＋294

SG&A expenses

2,548

23.0％

2,464

22.3％

△3.3％

△84

Operating profit

604

5.5％

982

8.9％

+62.7％

＋378

2,054

－

2,010

－

△2.1%

△44

－

639

－

＋1.6％

COPRO-ENGINEERED

△35

7,915

629

12,000(amount)

Cost of sales

Number of engineers
Sales per head
(thousands of yen)（millions JPY）

+10

8,000

ATMOS
11,068

11,032

VALUE ARK CONSULTING

4,000

358

0

* Sales per head：Average monthly sales per engineer

ATMOS CO., LTD.

FYE2021

FYE2022

Nine months

Nine months

49

Sales Composition Ratio by Subsidiary（millions JPY）

FYE2021

FYE2022100%

Year-on-year
80%

Nine
monthsRatio to
sales

Nine
monthsRatio tosales

Net sales

－

－

358

100.0％－－

Cost of sales

－

－

317

88.7％

－

－

Gross profit

－

－

40

11.3％

－

－

SG&A expenses

－

－

59

16.6％

－

－

Operating profit

－

－

△18

－

－

－

20%

Number of engineers
Sales per head
(thousands of yen)

－

－

106

－

－

－

0%

－

－

556

－

－

－

(%)

(amount)

COPRO-ENGINEERED60%
100.0%

ATMOS

96.4%

VALUE ARK CONSULTING

40%

0.4%

* Number of engineers are the sum of both dispatched and contracted engineer.
* Sales per head：Average monthly sales per engineer©2022 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

3.1%
FYE2021

FYE2022

Nine months

Nine months

8Balance Sheet・（Assets）Current assets decreased due to payments for acquisition of subsidiaries, purchase of treasury stock, and payment
of dividends. On the other hand, fixed assets increased due to the acquisition of subsidiaries, the relocation of thehead office, and the development of a new core system.
・（Liabilities）Liabilities increased due to an increase in accounts payable-other resulting from new consolidation ofsubsidiaries, while accrued consumption taxes decreased.

Balance Sheet（millions JPY）

Total assets

FYE2021

FYE2022

4Q

3Q

Year-on-year(amount)

(%)

8,514

8,568

+54

+0.6%

Cash and deposits

5,320

3,921

△1,399△26.3%

Accounts receivable - trade

1,880

2,055

+175

+9.3%

－

857

+857

－

1,313

1,734

+420

+32.0%

2,241

2,341

+99

+4.4%

89

5

△83

△93.5%

Others

2,152

2,335

+182

+8.5%

Net assets

6,272

6,227

△44

△0.7％

Shareholders’ equity

6,272

6,191

△80

△1.3％

Goodwill

OthersTotal liabilities
Interest-bearing liabilities©2022 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

91. Major Topics from 2nd Quarter Financial Results Announcement
2. Consolidated Financial Highlights
3. Breakdown of Sales & Key Performance Indicators（Dispatching business of construction and plant engineers）

4. Breakdown of Sales & Key Performance Indicators（Dispatching and contracting business of machinery design and development engineers）

5. FYE2022 Business Outlook and Financial Forecast
6. Returning Shareholders©2022 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

10

Sales by Client and Area
• In line with progress in deepening sales, targeted client sales improved gradually over the quarter, and 3rd Quarter period(October to December) grew +2.9% YoY (1st Quarter: YoY △11.7%; 2nd Quarter: YoY+5.5%).
• Due to increased urban redevelopment projects, sales in the 3 major metropolitan areas recovered to △0.5% YoY in 3rd
Quarter period (October to December) (1st Quarter: YoY △3.5%; 2nd Quarter: YoY△0.6%).

Sales by Area

Sales by Client（millions JPY）

（millions JPY）

12,00012,00010,00011,0682,439

11,032
Super general

2,260

Targetedclient sales

Targetedclients sales

4,629
8,000

915
251
1,022

4,398

composition ratio
excluding Plant

49.1％

911
307
920

composition ratio
excluding Plant

6,000

47.3％

contractors

10,000

Hokkaido

11,068

11,032

538

492

804
278

843
312

Semi-major generalcontractors

Hokuriku
8,000

6,000

Major sub4,000

4,793

contractors

4,093

4,251

Mid-sized generalcontractors

4,901

Tohoku

7,809

7,688

Percentage of the 3
major metropolitan
areas

Percentage of the 3
major metropolitan
areas

70.6％
4,000

69.7％
2,030

1,611

1,564

809

698

Chugoku and

828

997

Shikoku
KyushuKansai
2,000

Plant
1,648

1,732

0

0
FYE2021

FYE2022

FYE2021

FYE2022

Nine months

Nine months

Nine months

Nine months©2022 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

Tokai

1,945

Others
2,000

Kanto

11

Sales by Industry• The number of orders immediately after commencement of construction was on the rise against the backdrop of urban
redevelopment projects, and sales of construction grew. Plants also remained strong. On the other hand, facilities sales

declined due to a decrease in projects before completion.

Sales Composition Ratio
by Industry

Sales by Industry（millions JPY）
12,000100%

11,068

11,03290%
Construction

10,000
3,399

80%

3,473
Civil engineering

8,000
2,037

Total sales forConstruction
dispatching

6,000

4,000

1,941

Total sales forConstruction
dispatching

9,087

8,860

CAD

Plant

2,511

2,775

Facilities

Construction office work

2,000

933

876

Civil engineering

70%
60%

18.4% Total sales for

50%

82.1%

40%

construction
dispatching

211

118

380

10%
58

17.6%

Total sales forconstruction
dispatching

80.3%

0%

CAD

Construction office work

8.5%

7.9%

Staffing agency

15.7%

14.9%
1.9%

1.1%

3.5%

FYE2021

FYE2022

FYE2021

FYE2022

Nine months

Nine months

Nine months

Nine months©2022 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

Facilities

Plant

22.8%

25.1%

30%
20%

1,732

Construction

31.5%

Staffing agency

1,648
0

30.7%

0.5%

12

Number of Engineers & Occupancy Rate
• The number of engineers at the end of 3rd Quarter was 2010, down 44 from the end of the same period in theprevious fiscal year.
• The occupancy rate at the end of 3rd Quarter was 97.3%, down 0.5 percentage points from the end of the same
period in the previous fiscal year.

（No. of engineers）
2,400

100%

98.1%

97.8%

97.7%

97.4%

2,300

97.0%

97.3%
98%

95.8%
2,200

94.4%

95%

2,100
Full-year averages 2,036

93%
Nine months averages 1,975(YoY△2.9％)

Nine months averages 2,033

2,000

90%
1,900
2,044
1,984

2,002

2,054

2,020
1,957

1,800

1,978

2,010
88%

1,700

85%
March
2020

June
2020

September
2020

December2020

No. of engineers©2022 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

March
2021

June
2021

September
2021

December
2021

Occupancy rate13

Recruitment / Turnover, Retention Rate & Contract Renewal• Cumulative 3rd Quarter recruitment of engineers was largely unchanged YoY. Especially in mid-career recruitment, while thenumber of hires of experienced employees, which we have been strengthening since the beginning of the period, rose fromthe same period in the previous year, the number of hires of inexperienced employees declined from the same period in theprevious year.

• From the fiscal year under review, the effects of the change to a system in which sales employees consistently conduct sales
to clients and after-sales follow-up for engineers are gradually becoming apparent, and the number of retirement engineers
has been restrained.
Recruitment / TurnoverRetention Rate
FYE2021

FYE2021

FYE2022
Nine months

YoY

FYE2022(forecast)

1Q
Engineers total (LTM)

Hired total
New-grads joined in April

865

651

－

89

56

△33

1,200

174

△18

Mid-carrier: 2Q

181

208

+27

Mid-carrier: 3Q

231

213

△18

Mid-carrier: 4Q

172

－

－

829

661

－

Permanent employees

68

70

－

Fixed-term employees

761

591

－

Turnover: 1Q

221

293

+72

Turnover: 2Q

223

187

△36

Turnover: 3Q

179

181

+2

Turnover: 4Q

206

－

－

+36

△10

－

+420

2,020

2,010

－

2,440

Turnover total

Net change
No. of engineers©2022 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

year-to-date

4Q

1Q

2Q

3Q

89.7％ 80.4％ 74.7％ 69.1％ 84.8％ 79.3％ 74.6％
84.5％ 85.8% 85.2% 85.2% 78.9% 77.0％ 78.9%

year-to-date

192

3Q

73.7％ 73.0％ 71.0％ 69.1％ 68.0％ 69.5％ 69.2％

Permanent employees (LTM)

Mid-carrier: 1Q

2Q

FYE2022

95.7% 92.2% 87.9% 85.2% 94.2% 88.9％ 85.3%

Fixed-term employees(LTM)

71.5% 70.6% 68.7% 66.7% 65.8% 68.0％ 67.5%

year-to-date

88.8% 78.6% 72.8% 66.7% 82.4% 76.8％ 71.9%

Retention rate; the percentage of engineers who were employed at the end of the quarter 1
year ago and who were employed at the end of the current quarter 1 year later.

780

Year-to-date retention rate; the percentage of engineers employed at the end of the previous
FY4Q that were employed at the end of the current fiscal quarter.

Contract Renewal Ratio
FYE2021
1Q

2Q

3Q

Nine
monthsFYE2022
4Q

Fullyear

1Q

2Q

3Q

Nine
monthsContract
63.2％ 67.6% 67.8% 66.1% 70.0% 67.1% 74.1% 82.2％ 71.5% 75.9％
renewal ratio

14

Average Monthly Contract Amount per Engineer by Years of Experience• As a result of progress in charge-up negotiations, the company-wide average contract unit price as of the end of thecurrent 3rd Quarter increased by +12 thousand yen YoY and +1 thousand yen QoQ.

Year-on-year

Quarterly Trends（ten thousands JPY）

（ten thousands JPY）
62.4 63.9

54.2 55.4
43.9 43.2

Company-wide

1st year46.6 47.2

49.4 50.6

53.5

57.3

63.7 63.9 63.9
55.7 56.2

55.2 55.3 55.4

57.3

50.6 50.4 50.6
47.6 47.4 47.2
44.2 43.2 43.2

2nd year3rd-5th year

6th-10th year

average

FYE2021 3Q

FYE2022 3Q©2022 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

11th year or

Company-widemoreaverage

1st year

2nd year3rd-5th year

6th-10th year

11th year or
more

1Q

2Q

3Q

15

1. Major Topics from 2nd Quarter Financial Results Announcement
2. Consolidated Financial Highlights
3. Breakdown of Sales & Key Performance Indicators（Dispatching business of construction and plant engineers）

4. Breakdown of Sales & Key Performance Indicators（Dispatching and contracting business of machinery design and development engineers）

5. FYE2022 Business Outlook and Financial Forecast
6. Returning Shareholders©2022 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

16

Sales by Area and Industry• In the dispatch business, due to an increase in orders from new clients, particularly net sales during 3rd Quarter period(September to November) in the Tokai region were up 17.2% QoQ.
• In the contracting business, due to solid performance in the transportation equipment industry and accompanying industrial
machinery and contributions from the product business, net sales during 3rd Quarter period (September to November) in the
Tokai region were up 77.3% QoQ.
• The gradual recovery in manufacturing led to an increase in orders in both the dispatch business and the contracting business.

Sales by Area
Dispatch Business

Sales by Industry
Contract Business（millions JPY）

Tokai

154

81

150

Kansai

76

14
100

100

34

200

200

200

150

Contract Business（millions JPY）

203

200

Dispatch Business

Chugoku andShikoku

154
150

44

Aerospace

39

Agricultural
machinery

150
31

100

203

62

100

20

Hokuriku

50

0

62

15

50

49
23

0

0

36

50

97

24
0
FYE2022

FYE2022Six months

Six months(June to November)(June to November)(June to November)©2022 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

Industrial
machineryTransportation Machinery

FYE2022Six months

FYE2022Six months(June to November)

50
KyushuHome
appliances17Number of Engineers & Occupancy Rate
• The number of engineers at the end of 3rd Quarter was 106.
• The occupancy rate at the end of this 3rd Quarter was 99.1%. Accompanying cost reductions in the contracting business, theCompany has achieved a higher occupancy rate by promoting shift of contracted human resources into the dispatchingbusiness.

（No. of engineers）
120

98.2%

98.2%
96.5%

97.2%

98.1%

99.1%

98%

96.4%

96.3%

100%

115

96%
94%

110

92%
90%

105

88%
111

113
109

109

110

111

86%
108

100

106

84%
82%

95

80%
March
2020

May
2020

August2020

November2020

No. of engineers©2022 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

February
2021

May
2021

August2021

November
2021

Occupancy rate18

Recruitment / Turnover, Retention Rate & Contract Renewal• Started full-scale recruitment activities from 3rd Quarter. Aim to increase the number of employees from 4th Quarter.

Recruitment / TurnoverRetention Rate

FYE2022Six months(June-November)

Hired total

5

FYE2021

FYE2022(forecast)

30

New-grads joined in April

Retention rate (LTM)
year-to-date

FYE2022

1Q

2Q

3Q

4Q

1Q

2Q

3Q

88.6%

87.7%

89.0%

90.8%

90.9%

92.3％

87.3％

98.8%

95.5%

93.4%

92.2%

97.6%

95.2％

88.3％

Mid-carrier: 1Q
Mid-carrier: 2Q2

Mid-carrier: 3Q3Mid-carrier: 4Q－

Turnover total*

10

Permanent employees*

9

Fixed-term employees

1Retention rate; the percentage of engineers who were employed at the end of the quarter 1
year ago and who were employed at the end of the current quarter 1 year later.
Year-to-date retention rate; the percentage of engineers employed at the end of the previous
FY4Q that were employed at the end of the current fiscal quarter.

10

Turnover: 1Q

Contract Renewal Ratio

Turnover: 2Q

5

Turnover: 3Q

5

Turnover: 4Q－

FYE2021

Net change

△5

+20

No. of engineers

106

130

1Q

Contract
renewal ratio

2Q

3Q

Nine
monthsFYE2022
4Q

Fullyear

1Q

2Q

3Q

Nine
months

93.1％ 91.7% 94.4% 93.3％ 86.7% 91.6% 89.7% 93.8％ 92.9％ 92.0％* Number of turnover includes 3 career changes from engineers tomanagement employees.
©2022 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

19

Average Hourly Contract Amount by Years of Experience• With charge-up in mind in April 2022, the Company will promote contracts for shift aimed at charge-up and at higher wages
in new transactions.

Average Hourly Contract Amount（Dispatch business）（JPY/Hour）

3,749
3,359

3,343

3,260
2,830

Dispatch business

3,748

3,267

2,827

1st-5th year

6th-10th year

11th year or more

Company-wide average

FYE2022 2Q

FYE2022 3Q* Average hourly contract amount at the end of quarter.
©2022 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

20

1. Major Topics from 2nd Quarter Financial Results Announcement
2. Consolidated Financial Highlights
3. Breakdown of Sales & Key Performance Indicators（Dispatching business of construction and plant engineers）

4. Breakdown of Sales & Key Performance Indicators（Dispatching and contracting business of machinery design and development engineers）

5. FYE2022 Business Outlook and Financial Forecast
6. Returning Shareholders©2022 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

21

FYE2022 Business Outlook▪COPRO-ENGINEERD. Co., Ltd.（Dispatching business of construction and plant engineers）

Orders received

Partly due to the success of the promotion of sales reforms, 3rd Quarter has been able to acquire about double the number ofprojects compared to the previous fiscal year, and demand is trending firmly. In addition, demand for construction and facilities is
expected to expand from 4th Quarter to the next fiscal year, as redevelopment projects have started to appear recently, mainly in
the Kanto region.

Recruitment

While working to secure human resources in preparation for the expansion of demand, the active job openings-t​o-applicants​ ratio iswary of an increase. In addition to continuing to strengthen recruitment of experienced personnel, strengthen measures aimed atacquiring applications from inexperienced individuals with a priority issue of retaining high-caliber inexperienced personnel.

Retention

The number of retirements is beginning to reflect the impact of a change in the system for sales staff to consistently conduct sales todestination and after-sales follow-up on engineers, and the number of retirements is expected to remain restrained due to theprogress made in deepening sales to target customers.

Charge-up
negotiation

Steady progress in revising contract unit prices. The Company will continue to cultivate business and increase the contract renewal
rate while accumulating charge-up.

▪ATMOS CO., LTD.（Dispatching and contracting business of machinery design and development engineers）

Orders received

In addition to the impact of the COVID-19, the impact of finished goods's production cutbacks due to the global shortage ofsemiconductors remains a concern, but the manufacturing industry is gradually recovering. In particular, aircraft sector is expected
to recover substantially in FY2022. In addition, demand for semiconductor parts and equipment is increasing due to the impact of
the shortage of semiconductors, and demand for dispatch and outsourcing is expected to increase.

Recruitment

It has begun full-fledged hiring from 3rd Quarter, and in addition to hiring younger workers, it is focusing on hiring experts (seniors).
4th Quarter expects an increase in the number of recruits.

▪VALUE ARK CONSULTING CO., LTD. (System engineering services business (SES))
Strengthen theorganization

Begin strengthening the sales structure by sharing human resources to develop new business steadily.

©2022 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

22

FYE2022 Financial Forecast（millions JPY）

FYE2021Full-year

FYE2022Full-year

Year-on-year

Ratio to sales(revised forecast
on Aug. 11)

Ratio to sales(amount)(%)

Net sales

14,836100.0％

16,943100.0％+14.2％+2,106

Cost of sales

10,53971.0％

11,788

69.6％+11.9％+1,248Gross profit

4,297

29.0％

5,155

30.4％

+20.0％+857

SG&A expenses

2,859

19.3％

3,500

20.7％

+22.4％+640

Operating profit

1,437

9.7％

1,655

9.8％

+15.1％+217

Ordinary profit

1,439

9.7％

1,657

9.8％

+15.1％+217

Profit attributable to owners ofparent

1,009

6.8％

1,077

6.4％

+6.7％

+67

Earnings per share (JPY)*

106.74－112.76

－

+5.6％

+6.02

Number of engineers on aconsolidated basis*

2,020

－

2,570

－

+27.2％+550* The Company conducted a 2-for-1 share split on April 1, 2021. The Company assumes that the share split occurred at the beginning of the period in order to calculate earnings per share for FYE2021.
* The number of engineers on a consolidated basis is the number of engineers at the end of the fiscal year excluding the SES business.

©2022 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

23

1. Major Topics from 2nd Quarter Financial Results Announcement
2. Consolidated Financial Highlights
3. Breakdown of Sales & Key Performance Indicators（Dispatching business of construction and plant engineers）

4. Breakdown of Sales & Key Performance Indicators（Dispatching and contracting business of machinery design and development engineers）

5. FYE2022 Business Outlook and Financial Forecast
6. Returning Shareholders©2022 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

24Returning Shareholders【Basic Policy】
Our basic policy is to continue paying a stable dividend aiming for a consolidated dividend payout of at least 30%
while heeding a balance with investment that will contribute to future business expansion.
✓ Annual Dividend for FYE2022 is expected to be 40, an increase of YoY +2.5 JPY✓ Expecting a third consecutive year of dividend increases from listing on the stock market

68.0％✓ Forecast dividend payout ratio of 35.5%

80✓ 75Total return ratio expected to be 68.0%
70Treasury shares acquired (340 million JPY) for the period
65
from September 15 to November 30, 2021
60
55
26.1%
50
20.2%
45
18.5%
40
35
30
25
20
15
10
5
0

30.0 JPY

15.0 JPY

21.0 JPY
1.0

20.0

70.0%

60.0%
50.0%

35.5%

35.1%

30.0%

40.0 JPY

37.5 JPY
2.5

20.0%
10.0%

30.0

25.0

0.0%
-10.0%

20.0

15.0

40.0%

10.0

10.0

10.0

FYE2020

FYE2021

FYE2022(forecast)-20.0%-30.0%

FYE2018

FYE2019

Ordinary dividend (interim)

Ordinary dividend (year-end)

Dividend payout ratio(％)

Total return ratio(％)

Commemorative dividend (year-end)※ Total return ratio ＝ (Total dividends + Total share buybacks) ÷ Profit attributable to owners of parent※ FYE2019 is commemorative dividend for listing, and FYE2021 is commemorative dividend for changing to 1st section of TSE and NSE.
※ Dividends per share have been retroactively adjusted to reflect the impact of the 2-for-1 share split, which was effected on April 1, 2021.

©2022 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

25

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 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 change without notice due to changes in the businessenvironment or other factors.
◼ Materials and information provided in this announcement include so-called "forward-looking
statements”. These forward-looking statements are based on current expectations, forecasts andassumptions that involve risks and uncertainties that could cause actual results to differ materiallyfrom these statements.
◼ These risks and uncertainties include general industry, market conditions, general domestic andinternational economic conditions such as interest rate and currency exchange rate fluctuations.
◼ Company undertakes no obligation to update or revise any forward-looking statements containedin this document, whether as a result of new information or future events.

©2022 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

26