Results for the 1st Quarter of
the Fiscal Year Ending harch 31, 2025
hEITEC Group Holdings Inc.
August 1, 2024

Develop a new era by People and Technology

Comments on Results

MEITEC GROUP

1.

In the Engineering Solutions Business, orders remained firm as our main clients
continued investment in technological development.

2.

The number of new employees who joined the Group in April 2024 totaled 631(329 at Meitec, 302 at Meitec Fielders). As of June 30, 2024, the number ofengineers (total of Meitec/Meitec Fielders) was 12,686 (up 109 employees or up
0.9% year on year).

3.

Consolidated net sales rose 5.1%,operating profit rose 12.5% and profit rose 22.2% year on year.

4.

We achieved increases in both the number of engineers assigned to clients andthe utilization ratio. At Meitec, net sales rose 4.2%, operating profit rose 10.7%
year on year. At Meitec Fielders, net sales rose 8.0% and operating profit rose39.2%.

5.

In the Recruiting & Placement Business for Engineers, the number of job
placements declined. Net sales was down 4.3% and operating profit rose 1.1%
year on year.

2Results for the 1st Quarter of the Fiscal Year Ending harch 31, 2025
(Group Consolidated)
1Q ended June.
(Fractions of one million yen
30, 2023

1Q ended June.
30, 2024

are rounded down)％

YoY
AmountChangeInitial Forecast for
2Q, announced on
May 2024

Net sales

31,302

32,910＋1,607＋5.1%

65,000

Cost of sales

22,88923,917＋1,028＋4.5%

48,030

73.1%

72.7%

(0.4%)

SG&A Expenses

4,175

4,224

＋49＋1.2%

8,770

Operating profit

4,238

4,767

＋529

＋12.5%

8,200

13.5%

14.5%

＋0.9%

4,225

4,780

＋555

＋13.2%Extraordinary income & loss

00――

Profit before income taxes

4,224

4,780＋555＋13.2%

Profit attributable to owners of parent

2,638

3,223＋584＋22.2%

8.4%

9.8%

＋1.4%

Cost of sales to Net sales

Operating profit margins

Ordinary profit

Profit margins

Develop a new era by People and Technology

MEITEC GROUP％
Change

50.6%

73.9%

58.1%

12.6%
8,200

58.3%

5,600

57.6%

3Results for the 1st Quarter of the Fiscal Year Ending harch 31, 2025
(Business Domains)

MEITEC GROUP％

1Q ended June.
30, 2023

1Q ended June.
30, 2024

30,94832,570＋1,621

98.9%

99.0%

＋0.1%

Meitec21,93022,861

＋931

＋4.2%

Meitec Fielders

8,184

8,842

＋657

＋8.0%

4,119

4,714

＋594

＋14.4%

97.2%

98.9%

＋1.7%

360

345(15)

1.2%

1.0%

(0.1%)

118

119

＋1

2.8%

2.5%

(0.3%)(Fractions of one million yen are rounded down)

Sales
Component
ratio

EngineeringSolutions Business

Develop a new era by People and Technology

Operating profit
Component
ratio

Sales
Recruiting &Placement Businessfor Engineers
Operating profit

Component
ratio

Component
ratio

YoY
AmountChange＋5.2%(4.3%)＋1.1%

4Results for the 1st Quarter of the Fiscal Year Ending harch 31, 2025
(heitec)
1Q ended June. 1Q ended June.
(Fractions of one million yen are
30, 2023
30, 2024
rounded down)

YoY
Amount％ChangeInitial Forecast for
2Q, announced on
May 2024

Develop a new era by People and Technology

MEITEC GROUP％
ChangeNet sales

21,93022,861

＋931

＋4.2%

44,90050.9%

Operating profit

3,428

3,794＋365＋10.7%

6,400

59.3%

15.6%

16.6%

＋1.0%

Ordinary profit

4,630

3,800(830)(17.9%)

6,400

59.4%

Profit3,298

2,610(688)(20.9%)

4,400

59.3%

Utilization ratio (Company-wide)

94.5%

95.8%

＋1.3%

Working Hours〈h/day〉

8.33

8.37

＋0.04

＋0.5%

Number of Engineers

8,060

8,074

＋14＋0.2%

Operating profit margins

14.3%

97.0%
8.26

5

Results for the 1st Quarter of the Fiscal Year Ending harch 31, 2025
(hEITEC Fielders)
1Q ended June. 1Q ended June.
(Fractions of one million yen are30, 2023
30, 2024
rounded down)

YoY
Amount％ChangeInitial Forecast for
2Q, announced onMay 2024

Develop a new era by People and TechnologyMEITEC GROUP％
Change8,184

8,842＋657＋8.0%

17,600

50.2%

624

869

＋244

＋39.2%

1,550

56.1%

7.6%

9.8%

＋2.2%

Ordinary profit

624869＋245＋39.2%

1,550

56.1%

Profit

429

598

＋169

＋39.4%

1,050

57.0%

Utilization ratio (Company-wide)

90.6%

93.5%

＋2.9%

Working Hours〈h/day〉

8.19

8.21＋0.02＋0.2%

Number of Engineers

4,517

4,612＋95＋2.1%

Net sales
Operating profit
Operating profit margins

8.8%

94.7%
8.14

6Develop a new era by People and Technology

Number of Engineers (Group Consolidated)

MEITEC GROUP（名/Person）

7
Develop a new era by People and Technology

Number of Engineers (hEITEC)MEITEC GROUP（名/Person）

8

Develop a new era by People and Technology

Number of Engineers (hEITEC Fielders)

MEITEC GROUP（名/Person）

9
Develop a new era by People and Technology

Status of Recruitment and Hiring Target
Meitec（Person）

Total

FY2025

NewGraduates

Meitec Fielders
Midcareer

Total

TargetNew
Graduates

Midcareer

April 2024 New Graduate Hiring Results :heitec

April 2024 New Graduate Hiring Results :heitec Fielders

NewGraduates

1. There has been an extraordinarily strong corporate
appetite for hiring new graduates, and withrecruitment activities beginning earlier and lasting
longer, new graduate hiring proved difficult.

1. Against the backdrop of an extraordinarily strong
appetite for new graduate hiring, we believe that wehave been impacted by competitors lowering theirhiring standards to prioritize securing hiring numbers.

2. Although we missed our target for the number of
new engineers joining the Company, we
maintained the approach that our hiring standards
must be maintained.

2. This, combined with the difficulty posed by recruitment
activities beginning earlier and lasting longer, led thenumber of new engineers joining the Company to fall
below targets.

April 2025 New Graduate Hiring Targets :heitec

April 2025 New Graduate Hiring Targets :heitec Fielders

1. Compared to the previous year, students are receiving
more job offers earlier, and we are aware that the job
offer rate to new graduates is already high.
2. Compared to the previous year, refusals of job offers
are coming earlier as students feel pressured to accept
offers.
3. We aim to increase the number of students who accept
job offers through differentiation and concentration.
4. We will quickly implement measures to limit job
refusals.

1. Middle-zone students are continuing topursue job hunting activities actively.

hid-career Hiring Results: heitec

hid-career Hiring Results: heitec Fielders

1. In a challenging hiring environment with apersistently high openings-to-applicantsratio, the number of mid-career hires wason a par with the previous fiscal year.

1. We have been impacted by companies that
had limited themselves to the high-end in thepast and are now encroaching on the middle
zone and lowering their hiring standards.

2. We maintained our hiring standards tomaintain our high added value.

2. Although we maintained our hiring standards,
there are areas for improvement in theflexibility of our differentiation policies, etc.

hid-career Hiring Targets: heitec

hid-career Hiring Targets: heitec Fielders

1. Even with many companies loosening their hiringstandards, we are still seeing large-scale personnel
restructuring.

1. Considering the level of turnover ratio, we will
maintain our hiring standards.

TargetMidcareer

Target

500

400

900

YoY＋171＋98＋269

Targetcomparison

TargetActualTargetTargetActualTargetTargetActualTargetApril 2024

629

329

300

902

302

600

1,531

631

900

YoY

(44)

(130)

＋86＋72(63)＋135＋28(193)＋221

Targetcomparison

FY2023(171)
ActualActual(148)
ActualActualActual(319)
ActualActualActualActualApril 2023

673

459

214

830

365

465

1,503

824

679

YoY

(26)

(15)

(11)

(178)

(46)

(132)

(204)

(61)

(143)

Targetcomparison

(47)

(21)

(26)

(170)

(35)

(135)

(217)

(56)

(161)

（名/Person）

メイテックフィルダーズ

メイテック/hEITEC（名/Person）

MEITEC GROUP2 group companies
Total

April 2025

FY2024Re-posted/hEITEC Fielders

Forecast
Forecast

Forecast

2. We will work to increase the quantity andquality of relationships with students andto increase the number of new graduates
accepting job offers.

Forecast

Forecast

Forecast

2. We aim to maintain our hiring standards, to create
appeal for the significance of working as a lifetime
professional engineer with high-level, broad-bases
technologies and skills, and to achieve our highhiring targets.

2. We would like to continue to implement flexible
differentiation policies dynamically.
3. From the hiring targets announced bycompetitors, the market seems in disarray, whichis cause for concern.

10

Develop a new era by People and Technology

Utilization Ratio

MEITEC GROUP

メイテック/hEITEC

1Q

メイテックフィルダーズ

/hEITEC Fielders

11Working Hours（H/day）

メイテック/hEITEC

メイテックグループ（H/day）

メイテックフィルダーズ

/hEITEC Fielders

12

Develop a new era by People and Technology

Company Information
Company

Name

MEITEC GROUPMEITEC Group Holdings Inc.

Tokyo Headquarters

Taito-ku, Tokyo

Atsugi Headquarters

Atsugi, Kanagawa

Stock listings

Tokyo Stock Exchange, Prime Market(No. 9744)

IncorporatedJuly 17, 1974
MEITEC Group
Holdings Inc.

MEITECMEITEC
Fielders

MEITECCastSpecial
subsidiary,etc

Engineering Solutions Business

MEITEC
Next
Recruiting & Placement
Business for Engineers

13

Disclaimer regarding forward-looking statements
Earnings forecasts and other forward-looking statements in this release are based ondata currently available to management and certain assumptions that management
believes are reasonable.
Actual results may therefore differ materially from these statements for various reasons.
Some important factors that might have an effect on business performance pertain toBusiness Risks stated in the Company’s annual securities report and other information
already released, but factors influencing business performance are not limited to thosereleased.

IR Contact
E-mail: ir@meitecgroup-holdings.com

14