Copro-Holdings Co., Ltd. · TSE:7059
Copro-Holdings — Q1 FYE2023 Earnings Presentation
19 slides from Copro-Holdings's earnings presentation, Aug 10, 2022
Slide 1: Financial Results for 1st Quarter
Fiscal Year Ending March 31, 2023 Financial Results for 1st Quarter August 10, 2022 Tokyo Stock Exchange-Prime, Nagoya Stock Exchange Premier (Ticker Symbol: 7059)
Slide 2: Table of Contents
Table of Contents 1. Summary of the Consolidated Financial Results 2. Major Initiatives in Construction Technician Dispatching 3. FYE2023 Financial Forecast 4. Reference Materials ©2022 COPRO-HOLDINGS. Co., Ltd. All rights reserved. 1
Slide 3: Summary of the Consolidated Financial Results
1. Summary of the Consolidated Financial Results 2. Major Initiatives in Construction Technician Dispatching 3. FYE2023 Financial Forecast 4. Reference Materials ©2022 COPRO-HOLDINGS. Co., Ltd. All rights reserved. 2
Slide 4: Consolidated Financial Highlights
Consolidated Financial Highlights • Net sales increased significantly by +19.5% YoY. COPRO-ENGINEERD, a core business, which dispatches construction technicians increased sales due to the increase in the number of hires, and the transfer of technicians after taking over business from Hucoss Co., LTd
Slide 5: Non-GAAP Operating Profit
Non-GAAP Operating Profit • The top line of COPRO-ENGINEERD, which dispatches construction technicians, has grown due to an increase in the number of technical employees. On the other hand, SG&A expenses increased due to aggressive hiring expenses and compensation payments associated with taking ove
Slide 6: Quarterly Consolidated Financial Results
Quarterly Consolidated Financial Results • Net sales in the first quarter reached a record high as the number of engineers and technicians increased. • Non-GAAP operating profit for the first quarter decreased from the previous quarter (FYE2022 4Q) mainly because of the increase in the cost of sales
Slide 7: Major Initiatives in Construction Technician Dispatching
1. Summary of the Consolidated Financial Results 2. Major Initiatives in Construction Technician Dispatching 3. FYE2023 Financial Forecast 4. Reference Materials ©2022 COPRO-HOLDINGS. Co., Ltd. All rights reserved. 6
Slide 8: Major Initiatives in Construction Technician Dispatching Business
Major Initiatives in Construction Technician Dispatching Business Main Initiatives for FYE2023 1Q Progress Evaluation Strengthening ⚫ Expanding the amount of activity for sales representatives by No. of 1Q Job Posting Requests sales abilities ⚫ Achieved a certain result in raising the 6,172 managing
Slide 9: Summary of Main KPI (Construction Technician Dispatching Business)
Summary of Main KPI（Construction Technician Dispatching Business） Number of Job Posting Requests Number of Hired and Resigned Technical Employees （people） 8,000 400 293 Hired total 6,172 300 230 YoY 6,000 200 YoY 100 0 ＋ 27.4％ 4,000 1,962 ＋214.6％ -100 -200 2,000 Turnover total -300 △223 YoY -400 △29
Slide 10: FYE2023 Financial Forecast
1. Summary of the Consolidated Financial Results 2. Major Initiatives in Construction Technician Dispatching 3. FYE2023 Financial Forecast 4. Reference Materials ©2022 COPRO-HOLDINGS. Co., Ltd. All rights reserved. 9
Slide 11: FYE2023 Financial Forecast
FYE2023 Financial Forecast • Net sales are expected to increase by 14.5% from the previous fiscal year with the rise in the number of people assigned, mainly in the core business of construction technician dispatching. • In order to overcome the current situation where opportunity loss is occurring
Slide 12: Returning Shareholders
Returning Shareholders [Basic Policy] Dividends are the basis for shareholder returns, which we consider to be one of the important management issues, and our basic policy is to pay stable dividends. Dividends will not be reduced during the period covered by the medium-term management plan "COPRO Gr
Slide 13: Reference Materials
1. Summary of the Consolidated Financial Results 2. Major Initiatives in Construction Technician Dispatching 3. FYE2023 Financial Forecast 4. Reference Materials ©2022 COPRO-HOLDINGS. Co., Ltd. All rights reserved. 12
Slide 14: Construction Technician Dispatching: Number of Technicians and Occupancy Rate
Construction Technician Dispatching: Number of Technicians and Occupancy Rate • The number of technicians at the end of this 1Q was 2,187 (up 230 people from the end of the previous 1Q). In addition to a net increase due to a rise in the number of hires and a decrease in the number of those resignin
Slide 15: Construction Technician Dispatching: Hiring and Resigning and Retention Rate
Construction Technician Dispatching: Hiring and Resigning and Retention Rate • The number of hires reached a record high on a quarterly basis. • Of the number of hires, the number of mid-career hires was 239 people, an increase of 65 people from the previous quarter, and an increase of 37.4%. In add
Slide 16: Mechanical Design and Development Engineer Dispatching: Engineers and Occupancy Rate
Mechanical Design and Development Engineer Dispatching and Contracting: Number of Engineers and Occupancy Rate • The number of hires has increased in line with the development of the in-house system that has been expanded since the previous fiscal year. As a result, the number of engineers has stead
Slide 17: Mechanical Design Engineer Dispatching: Hiring, Resigning and Retention Rate
Mechanical Design and Development Engineer Dispatching and Contracting: Hiring and Resigning and Retention Rate • The hiring of experienced personnel has continued to steadily realized, with a focus on engiineers from a manufacturering industry. In addition, 14 people were hired this 1Q by promoting
Slide 18: SES: Engineers Working and New IT Freelance Registrants
SES: Number of Engineers Working and Number of New IT Freelance Registrants • Although the number of employees working saw a net decrease with many projects ending at the March close of the fiscal year, it has increased steadily since May. • Regarding the number of new registrants, it has been impro
Slide 19: Disclaimer and Forward-Looking Statements
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 recog