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Earnings Presentation7059COPRO-HOLDINGS.Co.,Ltd.Information and Communications, Services and Others

Financial Results Presentation for the Second Quarter of the Fiscal Year Ending March 2027

For the first half of the fiscal year ending March 2027, revenue and operating profit exceeded the forecasts for the first half, even after the upward revision. While the full-year forecasts remain unchanged, forecasts for KPIs including the number of engineers and hires will be revised, and the integration of recruitment functions and introduction of a new core system will also be advanced.

Worth reading
60In focus
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Direction
Mixed performance
Direction inferred from the company’s description.
Scale
28180
¥ million
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings PresentationSecond quarter of FY2027/312 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥28,180 million+66.0%
Operating profit¥2,098 million+41.7%
Ordinary income¥1,852 million+25.1%
Net income¥904 million-3.4%
Gross Profit Margin29.8
Operating profit margin7.4
Selling, general and administrative expenses¥6,296 million
Results for the three months of the current quarter
Construction engineer staffing
Recruitment791 people
Departures682 people
unit_Number of departurespeople
Operating rate94.9 people
Utilization rate_unit%
Retention rate91.7 people
Retention rate_unit%
Revenue per head627 people
Sales PH_unitThousand yen
Mechanical, electrical and semiconductor engineer staffing
Recruitment85 people
Departures39 people
unit_Number of departurespeople
Operating rate91.5 people
Utilization rate_unit%
Retention rate92.9 people
Retention rate_unit%
Revenue per head582 people
Sales PH_unitThousand yen
Full-year earnings forecast
Net Sales
¥57,650 million
Operating profit
¥3,875 million
Net income for the current fiscal year
¥1,660 million
EBITDA
¥6,340 million
Net income before goodwill amortization
¥3,829 million
EPS
¥43.27
EPS before goodwill amortization
¥99.81
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Exceeded the first-half earnings forecast
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Controls on personnel expenses and site-related costs, among others
  • Recruitment expenses shifted to the second half
  • Payment fees related to the refinancing of long-term borrowings shifted to the second half
  • Taxation of pretax income with goodwill amortization added back

The company identifies the factors but does not state the amount attributable to each one.

New initiatives
  • Integrate the recruitment functions of Copro CN and Construction Management F, and establish a Recruitment Strategy Division at the holding company
  • Launch a new core system at Copro CN in November 2026
  • Plan to begin introducing the new core system at Copro TC and Construction Management F in the next fiscal year
  • Plan to announce the next medium-term management plan in spring 2027, with the fiscal year ending March 2028 as its first year
  • Plan to voluntarily adopt IFRS beginning with the annual securities report for the fiscal year ending March 2027
Key KPIsA metric the company considers important as a management benchmark.
  • Group engineers7,994 people
    Year on year against the same period last year+52.3%
  • Recruitment2,009 people
    Year on year against the same period last year+23.1%
  • Departures1,644 people
    Year on year against the same period last year+53.9%
  • Engineers on staff (at period-end)7,994 people
    Year on year against the same period last year+52.3%
  • Retention rate82.9 %
    Year on year against the same period last year-0.1%
  • Utilization rate (including employees in training)94.1 %
    Year on year against the same period last year+2.2%
  • Revenue per head (average during the period)627 Thousand yen
    Year on year against the same period last year+6.9%
  • Recruitment placements and confirmed hires182 people
Unit price and quantity metricsThese figures show sales broken down by price and volume.
  • Revenue per head627 Thousand yen
    Year on year against the same period last year+6.9%
  • Recruitment2,009 people
    Year on year against the same period last year+23.1%
  • Registered engineers7,994 people
    Year on year against the same period last year+52.3%
Segment results
コプロCN
Net Sales
¥16,943 million+11.7%
Gross profit
¥4,980 million+15.9%
Operating profit
¥2,533 million+20.3%
Construction Management F
Net Sales
¥9,760 million
Gross profit
¥3,095 million
Operating profit
¥383 million
コプロTC
Net Sales
¥1,476 million-18.5%
Gross profit
¥319 million-7.8%
Operating profit
¥-4 million
コプロHD / Other
Operating profit
¥-813 million
Medium-term management plan targets
Plan nameCopro Group Build the Future 2027
Period CoveredFiscal years ending March 2023 to March 2027
TargetMake stable dividend payments without reducing the dividend, targeting a consolidated payout ratio of at least 50%
Market Size / Share
  • Construction market sizeFiscal 2025: real ¥58.4 trillion, nominal ¥68.5 trillion; fiscal 2030: real ¥64.9 trillion, nominal ¥79.0 trillion; fiscal 2035: real ¥67.6 trillion, nominal ¥84.3 trillion
  • Human resources services market for the construction industry2025: ¥620 billion; 2030: ¥747 billion; 2031: ¥762 billion
Number of stores and locations
Number at period-end12 Copro Construction locations, 16 Construction Management Fields locations, 2 Copro Technology locations
Number of employees
Number of Employees8,842 people
Record dateEnd of September 2026
Annual Dividend
Annual dividend per share¥50
Interim¥20
End of period¥30
Payout ratio
50.1 %
Supplementary informationThe payout ratio based on EPS is expected to be 115.6%.
Contents of this document
ItemDetails
Document typeEarnings Presentation
Fiscal Period CoveredSecond quarter of FY2027/3
Net Sales¥28,180 million (YoY +66.0%)
Operating profit¥2,098 million (YoY +41.7%)
Ordinary income¥1,852 million (YoY +25.1%)
Net income¥904 million (YoY -3.4%)
Gross Profit Margin29.8
Operating profit margin7.4
Selling, general and administrative expenses¥6,296 million
Results for the three months of the current quarterConstruction engineer staffing Recruitment 791 people / Departures 682 people / unit_Number of departures people / Operating rate 94.9 people / Utilization rate_unit % / Retention rate 91.7 people / Retention rate_unit % / Revenue per head 627 people / Sales PH_unit Thousand yen / Mechanical, electrical and semiconductor engineer staffing Recruitment 85 people / Departures 39 people / unit_Number of departures people / Operating rate 91.5 people / Utilization rate_unit % / Retention rate 92.9 people / Retention rate_unit % / Revenue per head 582 people / Sales PH_unit Thousand yen
Full-year earnings forecastNet Sales ¥57,650 million / Operating profit ¥3,875 million / Net income for the current fiscal year ¥1,660 million / EBITDA ¥6,340 million / Net income before goodwill amortization ¥3,829 million / EPS ¥43.27 / EPS before goodwill amortization ¥99.81
Self-assessment against the planExceeded the first-half earnings forecast
Segment resultsコプロCN Net Sales ¥16,943 million (YoY +11.7%) / Gross profit ¥4,980 million (YoY +15.9%) / Operating profit ¥2,533 million (YoY +20.3%) / Construction Management F Net Sales ¥9,760 million / Gross profit ¥3,095 million / Operating profit ¥383 million / コプロTC Net Sales ¥1,476 million (YoY -18.5%) / Gross profit ¥319 million (YoY -7.8%) / Operating profit ¥-4 million / コプロHD / Other Operating profit ¥-813 million
Breakdown of Factors Affecting the ChangeFactors Controls on personnel expenses and site-related costs, among others / Amount Not disclosed, Factors Recruitment expenses shifted to the second half / Amount Not disclosed, Factors Payment fees related to the refinancing of long-term borrowings shifted to the second half / Amount Not disclosed, Factors Taxation of pretax income with goodwill amortization added back / Amount Not disclosed
Key KPIsIndicator name Group engineers / Value 7,994 people / Year on year against the same period last year 52.3 people, Indicator name Recruitment / Value 2,009 people / Year on year against the same period last year 23.1 people, Indicator name Departures / Value 1,644 people / Year on year against the same period last year 53.9 people, Indicator name Engineers on staff (at period-end) / Value 7,994 people / Year on year against the same period last year 52.3 people, Indicator name Retention rate / Value 82.9 % / Year on year against the same period last year -0.1 %, Indicator name Utilization rate (including employees in training) / Value 94.1 % / Year on year against the same period last year 2.2 %, Indicator name Revenue per head (average during the period) / Value 627 Thousand yen / Year on year against the same period last year 6.9 Thousand yen, Indicator name Recruitment placements and confirmed hires / Value 182 people / Year on year against the same period last year Not disclosed
Unit price and quantity metricsIndicator name Revenue per head / Value 627 Thousand yen / Year on year against the same period last year 6.9 Thousand yen, Indicator name Recruitment / Value 2,009 people / Year on year against the same period last year 23.1 people, Indicator name Registered engineers / Value 7,994 people / Year on year against the same period last year 52.3 people
Number of stores and locationsNumber at period-end 12 Copro Construction locations, 16 Construction Management Fields locations, 2 Copro Technology locations / Number of store openings and closures during the period Not disclosed
Number of employeesNumber of Employees 8,842 people / Record date End of September 2026 / Changes and hiring plans during the period Not disclosed
Medium-term management plan targetsPlan name Copro Group Build the Future 2027 / Period Covered Fiscal years ending March 2023 to March 2027 / Target Make stable dividend payments without reducing the dividend, targeting a consolidated payout ratio of at least 50% / Comparison with actual results Not disclosed
Annual DividendAnnual dividend per share ¥50 / Interim ¥20 / End of period ¥30
Payout ratio50.1 %
Market Size / ShareSubject Construction market size / Value Fiscal 2025: real ¥58.4 trillion, nominal ¥68.5 trillion; fiscal 2030: real ¥64.9 trillion, nominal ¥79.0 trillion; fiscal 2035: real ¥67.6 trillion, nominal ¥84.3 trillion, Subject Human resources services market for the construction industry / Value 2025: ¥620 billion; 2030: ¥747 billion; 2031: ¥762 billion
New initiativesIntegrate the recruitment functions of Copro CN and Construction Management F, and establish a Recruitment Strategy Division at the holding company, Launch a new core system at Copro CN in November 2026, Plan to begin introducing the new core system at Copro TC and Construction Management F in the next fiscal year, Plan to announce the next medium-term management plan in spring 2027, with the fiscal year ending March 2028 as its first year, Plan to voluntarily adopt IFRS beginning with the annual securities report for the fiscal year ending March 2027
Items this document does not state (8)
Progress against full-year forecastAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey points of the Q&A

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.

Operating profit was higher mainly because selling, general and administrative expenses declined due to controls on personnel expenses and site-related costs, and payment fees for recruitment expenses and the refinancing of long-term borrowings shifted to the second half. Net income declined year on year due to the effect of taxation on pretax income with goodwill amortization added back.

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Financial Results Presentation for the Second Quarter of the Fiscal Year Ending March 2027 | COPRO-HOLDINGS.Co.,Ltd. (7059) timely disclosure | Komori