Expansion of the Machinery and Electrical Equipment Business Through the Subsidiarization of P's Engineering

「The business remained firm as we maintained a stable utilization rate and made progress in acquiring projects in new technology fields.」

「During the interim consolidated accounting period, we focused on recruiting and training engineers. The business performed solidly as we maintained stable utilization rates and secured projects in new technology fields. We expect to continue securing projects in each area and field and expand the scale of the business while increasing engineers’ value through training and pursuing geographic expansion. As a result, segment revenue was ¥407.818 million, up 8.9% year on year, and segment profit was ¥28.058 million, up 535.5% year on year.」

「During the interim consolidated accounting period, we focused on recruiting and training engineers for future organizational expansion while maintaining a high utilization rate. As a result, segment revenue was ¥374.510 million, up 5.2% year on year, and segment profit was ¥4.415 million, down 74.4% year on year.」

「As a result, segment revenue was ¥745.038 million, up 19.5% from the previous consolidated fiscal year, and segment profit was ¥44.887 million, down 15.9%.」

「During the cumulative third quarter of the consolidated fiscal year, we focused on recruiting and training engineers, and revenue remained solid on the back of stable utilization rates. We are also continuing sales activities that leverage group synergies to expand the scale of the business. As a result, segment revenue was ¥562.692 million, up 21.2% year on year, and segment profit was ¥35.634 million, down 17.0% year on year.」

「During the cumulative first quarter of the consolidated fiscal year, in addition to focusing on recruiting and training CAD engineers, we maintained solid revenue, supported by stable utilization rates and the acquisition of projects in new technology areas. We expect to continue securing projects in each area and expand the scale of the business while increasing engineers’ value through training and pursuing geographic expansion. As a result, segment revenue was ¥170.371 million, up 10.4% year on year, and segment profit was ¥8.310 million, down 47.7% year on year.」

「During the consolidated fiscal year, we expanded our training environment and focused on recruiting and training CAD engineers. Revenue remained solid, supported by stable utilization rates and the acquisition of projects in new technology areas. As a result, segment revenue was ¥623.700 million, up 10.3% from the previous consolidated fiscal year, and segment profit was ¥53.354 million, up 8,223.2%.」

「During the cumulative third quarter of the consolidated fiscal year, we focused on recruiting and training CAD engineers. Revenue remained solid, supported by stable utilization rates and the acquisition of projects in new technology areas. We expect to continue securing projects in each area and expand the scale of the business while increasing engineers’ value through training and pursuing geographic expansion. As a result, segment revenue was ¥464.240 million, up 11.8% year on year, and segment profit was ¥42.946 million, compared with a segment loss of ¥12.521 million in the same period of the previous year.」

「During the current second-quarter consolidated cumulative period, the Company focused on recruiting and training CAD engineers. Sales remained firm as a result of stable utilization and the acquisition of projects in new technology areas. As the Company continues to expect to secure projects in each area, it is working to increase the added value of engineers through training and expand geographically in order to grow its corporate scale. As a result, revenue in this segment was ¥305.466 million, up 11.6% year on year, while segment profit was ¥32.029 million, compared with a segment loss of ¥16.591 million in the same period of the previous year.」

「During the current first-quarter consolidated cumulative period, although the business was affected by the spread of the novel coronavirus infection, demand gradually recovered, utilization improved and the Company secured projects in new technology areas, resulting in firm sales. As the Company continues to expect to secure projects in each area, it is actively recruiting and training personnel to expand its corporate scale. As a result, revenue in this segment was ¥154.391 million, up 13.8% year on year, while segment profit was ¥15.885 million, compared with a segment loss of ¥151 thousand in the same period of the previous year.」

「During the fiscal year, although the business was affected by the spread of the novel coronavirus infection, demand gradually recovered, utilization improved and the Company secured projects in new technology areas, resulting in firm sales. As a result, revenue in this segment was ¥565.334 million, up 19.6% from the previous fiscal year, while segment profit was ¥641 thousand, down 98.7% from the previous fiscal year.」

「During the current third-quarter consolidated cumulative period, although the business was affected by the spread of the novel coronavirus infection, demand gradually recovered. As the Company expects to secure projects going forward, it is actively recruiting and training personnel to expand its corporate scale. As a result, revenue in this segment was ¥415.070 million, up 19.1% year on year, while the segment recorded a loss of ¥12.521 million, compared with segment profit of ¥35.179 million in the same period of the previous year.」

「Projects in the new fields are trending upward, and the Company is focusing on active recruitment and technical training.」

「During the current first-quarter consolidated cumulative period, project generation in the machinery design field had not fully recovered because market conditions remained stagnant due to the spread of the novel coronavirus infection, but the Company continued to pursue opportunities in new fields, including telecommunications construction and information and communications for carriers. Projects in these new fields have gradually been increasing, and the Company is actively implementing its recruiting and training model.」

「During the current first-quarter consolidated cumulative period, the number of projects continued to decline as market conditions deteriorated due to the spread of the novel coronavirus infection, but the Company continued to pursue approaches to new fields, including telecommunications construction, machine tools and robotics.」

「During the fiscal year, although the number of projects declined as market conditions deteriorated due to the novel coronavirus, the Company added approaches to new active fields, including telecommunications construction, machine tools and robotics, gave employees practical experience through hands-on internal projects, and worked to provide services.」

「Although the number of projects declined as market conditions deteriorated due to the novel coronavirus, the Company continued to train personnel specializing in 3D CAD, a fundamental technology for product development and design including automobiles, and quality control, and worked to provide services.」

「The Company actively recruits and trains personnel to promote the development of specialists in 3D CAD, a fundamental technology for product development and design including in the automotive industry, and in quality control.」

「The Company actively recruits and trains personnel to promote the development of specialists in 3D CAD, a fundamental technology for product development and design including in the automotive industry, and in quality control.」

「Because demand for engineers with expertise in 3D CAD, a fundamental technology for product development and design including automobiles, is expected to continue, the Company has actively recruited and trained personnel to promote the development of specialists.」

「Because demand for engineers with expertise in 3D CAD, a fundamental technology for product development and design including automobiles, is expected to continue, the Company has actively recruited and trained personnel to promote the development of specialists.」

「Because demand for engineers with expertise in 3D CAD, a fundamental technology for product development and design including automobiles, is expected to continue, the Company has actively recruited and trained personnel to promote the development of specialists and has successfully secured staff.」

「株式会社ピーズエンジニアリング has CAD engineers in the mechanical and electrical fields and a long track record of transactions with customer companies. Demand for CAD engineers in the mechanical and electrical fields, particularly in the automotive industry, is expected to increase gradually going forward. The company therefore decided to acquire the shares of 株式会社ピーズエンジニアリング because making it a consolidated subsidiary is expected to expand the mechanical and electrical business through synergies between the company's recruitment, training and sales capabilities and the subsidiary's CAD engineering capabilities.」

「As 株式会社ピーズエンジニアリング became a subsidiary through the acquisition of shares during the current third-quarter consolidated accounting period, the Company has included it in the scope of consolidation from the current third-quarter consolidated accounting period.」