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How definitive the wording is.Contents of this document
Summary of Q&AFiscal year ending March 2026, full year9 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Full-year earnings forecast
Consolidated revenue
570 Hundreds of millions of yen
EBITDA
55 Hundreds of millions of yen
What the company explained in this material
Key points of the Q&AKey questions raised by investors at the briefing and the company's answers
- Impact of higher construction material and labor costs, the situation in the Middle East, and rising naphtha prices
- Domestic recruitment, use of overseas talent, and room to expand the technician headcount
- Factors behind the decline in retention and differences between experienced and inexperienced personnel
- Decline in the offer acceptance rate following a change in recruitment channels and improvement measures
- Background to the decline in the number of employed technicians
- Assumptions underlying the ¥641,000 average revenue per unit
- Sale of the IT division and the conservative nature of the FY2027/3 earnings forecast
- PMI and head office relocation costs, personnel expense assumptions, and the impact of the transition to IFRS
- Benefits of the acquisition of トライトエンジニアリング and organic growth
- Refinancing, M&A, head office relocation, and back-office integration
- Dividend policy, shareholder benefits, and investor relations
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Revenue loss following the sale of the IT division
- Resource concentration on PMI for トライトエンジニアリング and conservative assumptions
- One-time costs associated with PMI and the head office relocation7 Hundreds of millions of yen
- Higher fixed costs resulting from the head office relocation and expansion of employment of people with disabilities, among other factors3 Hundreds of millions of yen
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- AssumptionsMid-year headcount expansion planFiguresFull-year personnel expenses incorporate the maximum amount, assuming 100% fulfillment of the plan
- AssumptionsProgress on PMIFiguresConservative assumptions incorporating a certain degree of uncertainty
New initiatives
- PMI for トライトエンジニアリング and integration of management functions, operations, and systems
- Expansion of recruitment services, including temporary-to-permanent placement
- Consolidation of the Nagoya head office and group locations
- Opening of an in-person training facility in Nagoya
- Optimization of budget allocation by recruitment channel
- Relocation of the コプロコンストラクション sales headquarters to Tokyo
Key KPIsA metric the company considers important as a management benchmark.
- Retention rate at コプロコンストラクション71.5 %Year on year against the same period last yearDown 3.2 percentage points from FY2024/3 full year
- Group technician headcount target8,389 people
- Average revenue per construction technician dispatched (FY2026/3)¥59.1 10,000
- Average revenue per construction technician dispatched (FY2027/3 forecast)¥64.1 10,000
- Organic growth targetDouble-digit growth
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Average revenue per unit
- コプロコンストラクション only, FY2026/3 full year¥59.1 10,000
- Including トライトエンジニアリング, FY2027/3¥64.1 10,000
Medium-term management plan targets
Next Medium-Term Management PlanScheduled for publication in May 2027
Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
10 Hundreds of millions of yen
DetailsApproximately ¥700 million in one-time costs associated with PMI and the head office relocation, and approximately ¥300 million in higher fixed costs resulting from the head office relocation and expanded employment of people with disabilities, among other factors
Number of employees
Registered engineersDeclined for 4 consecutive months from the end of November 2025
Change during the periodDecreased
Hiring planFY2027/3 group technician headcount target of 8,389
| Item | Details |
|---|---|
| Document type | Summary of Q&A |
| Fiscal Period Covered | Fiscal year ending March 2026, full year |
| Full-year earnings forecast | Consolidated revenue 570 Hundreds of millions of yen / EBITDA 55 Hundreds of millions of yen |
| Breakdown of Factors Affecting the Change | Factors Revenue loss following the sale of the IT division / Amount Not disclosed, Factors Resource concentration on PMI for トライトエンジニアリング and conservative assumptions / Amount Not disclosed, Factors One-time costs associated with PMI and the head office relocation / Amount 7 Hundreds of millions of yen, Factors Higher fixed costs resulting from the head office relocation and expansion of employment of people with disabilities, among other factors / Amount 3 Hundreds of millions of yen |
| Key KPIs | Indicator name Retention rate at コプロコンストラクション / Value 71.5 % / Year on year against the same period last year Down 3.2 percentage points from FY2024/3 full year, Indicator name Group technician headcount target / Value 8,389 people / Year on year against the same period last year Not disclosed, Indicator name Average revenue per construction technician dispatched (FY2026/3) / Value ¥59.1 10,000 / Year on year against the same period last year Not disclosed, Indicator name Average revenue per construction technician dispatched (FY2027/3 forecast) / Value ¥64.1 10,000 / Year on year against the same period last year Not disclosed, Indicator name Organic growth target / Value Double-digit growth / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Average revenue per unit Subject コプロコンストラクション only, FY2026/3 full year / Value ¥59.1 10,000, Subject Including トライトエンジニアリング, FY2027/3 / Value ¥64.1 10,000 / Number of versions Not disclosed |
| Number of employees | Registered engineers Declined for 4 consecutive months from the end of November 2025 / Change during the period Decreased / Hiring plan FY2027/3 group technician headcount target of 8,389 |
| Assumptions Underlying the Business Outlook | Assumptions Mid-year headcount expansion plan / Figures Full-year personnel expenses incorporate the maximum amount, assuming 100% fulfillment of the plan, Assumptions Progress on PMI / Figures Conservative assumptions incorporating a certain degree of uncertainty |
| Risk amount incorporated into the outlook | Amount 10 Hundreds of millions of yen / Details Approximately ¥700 million in one-time costs associated with PMI and the head office relocation, and approximately ¥300 million in higher fixed costs resulting from the head office relocation and expanded employment of people with disabilities, among other factors |
| Medium-term management plan targets | Next Medium-Term Management Plan Scheduled for publication in May 2027 / Target value Not disclosed |
| Key points of the Q&A | Impact of higher construction material and labor costs, the situation in the Middle East, and rising naphtha prices, Domestic recruitment, use of overseas talent, and room to expand the technician headcount, Factors behind the decline in retention and differences between experienced and inexperienced personnel, Decline in the offer acceptance rate following a change in recruitment channels and improvement measures, Background to the decline in the number of employed technicians, Assumptions underlying the ¥641,000 average revenue per unit, Sale of the IT division and the conservative nature of the FY2027/3 earnings forecast, PMI and head office relocation costs, personnel expense assumptions, and the impact of the transition to IFRS, Benefits of the acquisition of トライトエンジニアリング and organic growth, Refinancing, M&A, head office relocation, and back-office integration, Dividend policy, shareholder benefits, and investor relations |
| New initiatives | PMI for トライトエンジニアリング and integration of management functions, operations, and systems, Expansion of recruitment services, including temporary-to-permanent placement, Consolidation of the Nagoya head office and group locations, Opening of an in-person training facility in Nagoya, Optimization of budget allocation by recruitment channel, Relocation of the コプロコンストラクション sales headquarters to Tokyo |
Items this document does not state (19)
Net SalesOperating profitOrdinary incomeNet incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planSegment resultsNumber of stores and locationsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / Share
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The company attributed the decline in technician retention to the higher proportion of younger employees resulting from expanded recruitment of people without prior experience, waiting periods before reassignment after multiple projects were completed simultaneously, and a mismatch with applicant profiles following a change in recruitment channels. It also cited the loss of revenue following the sale of the IT division and the adoption of conservative assumptions to focus resources on post-merger integration (PMI) as the main reasons for the lower FY2027/3 revenue forecast.
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