Net sales were slightly lower than in the previous fiscal year, but trended in line with internal forecasts.
Operating profit increased 40% year on year.
Profit attributable to owners of parent decreased due to the absence of extraordinary income (insurance surrender value) recorded in the previous fiscal year.
（millions of yen）
FY2020
FY2021
Progress on
Progress on
Year-on-year
1st Half
1Q
1Q
1st half results
1st half forecast
(amount)
(%)
(initial forecast)
Net sales
3,606
49.6%
3,555
47.7%
△51
△1.4％
7,446
Cost of sales
2,645
50.3%
2,491
47.7%
△153
△5.8％
5,220
Ratio to sales
73.3％
－
70.1%
－
－
△3.2pts
70.1%
Gross profit
961
47.7%
1,063
47.8%
+102
+10.7％
2,226
Ratio to sales
26.7％
－
29.9%
－
－
+3.2pts
29.9%
SG&A expenses
762
51.4%
786
45.2%
+23
+3.0％
1,739
Ratio to sales
21.1％
－
22.1%
－
－
+1.0pts
23.4%
Operating profit
198
37.3%
277
56.9%
+79
+40.0％
487
Ratio to sales
5.5％
－
7.8%
－
－
+2.3pts
6.5%
Ordinary profit
198
37.1%
277
57.0%
+78
+39.8％
486
Ratio to sales
5.5％
－
7.8%
－
－
+2.3pts
6.5%
Profit attributable to owners
188
46.6%
154
48.9%
△34
△18.4％
315
of parent
Ratio to sales
5.2％
－
4.3%
－
－
△0.9pts
4.2%
Earnings per share (JPY)
20.01
46.6%
16.12
48.9%
△3.89
△19.4％
32.97
Dividend per share (JPY)
－
－
－
－
－
－
10.00
The Company conducted a 2-for-1 share split on April 1, 2021. The Company assumes that the share split occurred at the beginning of the period in order to calculate earnings per share for FY2020.
Gross profit increased as progress was made in gross profit ratio improvement through negotiations for a charge-up, which absorbed the impact of the decline in sales.
SG&A expenses increased due to M&A-related expenses at ATMOS, which became a subsidiary in April 2021.
Operating profit increased by 79 million yen year on year.
（millions of yen）
△23 277
＋118
198
△16
Cost of sales ratio
Gross profit YoY＋102 70.1％
(YOY △3.2pts)
Operating profit YoY＋79
FY2020 1Q
Decrease in sales
Cost of sales ratio
Increase in SG&A
FY2021 1Q
Operating profit
improvement
expenses
Operating profit
Decrease in gross profit due to
decrease in sales
The number of dispatched engineers decreased due to a temporary curtailment of hiring and an increase in the number of retirees in response to the spread of COVID-19.
Increase in gross profit due to
improvement in cost of sales ratio
In response to the increase in the salary base for dispatched engineers associated with the "equal pay for equal work" system that went into effect in April 2020, we focused on negotiating charge- up as a top priority in this fiscal year. As a result, cost of sales ratio improved 3.2 percentage points YoY due to successful initiatives.
Increases in SG&A expenses
Recorded M&A-related expenses related to the conversion of ATMOS into a subsidiary.
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Copro-Holdings Co. Ltd. published this content on 11 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2021 07:15:03 UTC.
COPRO-HOLDINGS. Co., Ltd. is a Japan-based holding company which is engaged in the management of the group and other related businesses. The Companyâs Construction Engineer Dispatch segment includes construction, civil engineering, facility, plant, computer aided design (CAD) and other business types. The construction business is engaged in management and design assistance of construction works like high-rise buildings. The civil engineering business is engaged in management and design assistance mainly on road and bridge construction. The facility business is engaged in management and design assistance of facility constructions like commercial facilities and factories. The plant business is engaged in management and design assistance of various plant constructions. The CAD business is engaged in the dispatch of CAD operators for above businesses. Other business is engaged in office work on above businesses.
COPRO-HOLDINGS. CO., LTD. 
