Fiscal Year Ended March 31, 2021

Financial Results

for FY2020

May 14, 2021

COPRO-HOLDINGS. Co., Ltd.

Contents

Financial Highlights

Key Performance Indicators

Breakdown of Sales

Forecasts and Major Initiatives for FY2021

Returning Shareholders

Appendix

©2021 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

1

Financial Highlights

Key Performance Indicators

Breakdown of Sales

Forecasts and Major Initiatives for FY2021

Returning Shareholders

Appendix

©2021 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

2

Consolidated Financial Results

Net sales increased for 15 consecutive years due to an increase in the number of engineers.

Phase income decreased mainly due to an increase in cost of sales ratio under the "equal pay for equal work" system.

（millions of yen）

FY2019

FY2020

Year-on-year

(Amount)

(%)

Net sales

13,122

14,836

+1,713

+13.1％

Cost of sales

8,746

10,539

+1,792

+20.5％

Ratio to sales

66.7％

71.0％

－

+4.3pt

Gross profit

4,376

4,297

△78

△1.8％

Ratio to sales

33.3％

29.0％

－

△4.3pt

SG&A expenses

2,783

2,859

+76

+2.7％

Ratio to sales

21.2％

19.3％

－

△1.9pt

Operating profit

1,592

1,437

△155

△9.7％

Ratio to sales

12.1％

9.7％

－

△2.4pt

Ordinary profit

1,585

1,439

△145

△9.2％

Ratio to sales

12.1％

9.7％

－

△2.4pt

Profit attributable to owners of

1,084

1,009

△74

△6.9％

parent

Ratio to sales

8.3％

6.8％

－

△1.5pt

©2021 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

3

Consolidated Operating Profit

Consolidated Operating Profit

1,437million yen

YOY △155 million yen, △9.7％

（millions of yen）

Main Change Factors

▪Net sales

  • Increased by +13.1% YOY due to an increase in the number of engineers mainly due to the contribution from the opening of branches.

▪Cost of sales

  • Engineer's salary base was raised in response to equal pay for equal work system, which went into effect in April 2020.
  • Standby labor cost due to increased hiring of new graduated and engineers.
  • Standby labor cost due to continuing adoption under COVID-19.
  • Payments for special holidays accompanying home standby for engineers suspected of being infected with COVID-19.

▪SG&A expenses

  • One-timecosts for future growth (123 million yen)

・Sales consulting, core system renewal expenses ・Investigation costs for full-fledged global business ・Expenses of safety measures to prevent COVID-19・Changing costs to 1st section of TSE and NSE

  • Curtailment of operating expenses by promoting online meetings in response to the outbreak of COVID-19.

©2021 COPRO-HOLDINGS. Co., Ltd. All rights reserved.

4

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Copro-Holdings Co. Ltd. published this content on 14 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 May 2021 15:14:31 UTC.