TechnoPro Holdings, Inc.

6028

JP3545240008

Employment Services

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-04-25 am EDT			5-day change	1st Jan Change
2,842 ^JPY	-1.11%		-1.66%	-23.50%

Apr. 01	TechnoPro Holdings to Begin 2.5 Billion Yen Share Buyback Program from Monday	MT
Mar. 29	TechnoPro Holdings, Inc. announces an Equity Buyback for 1,000,000 shares, representing 0.94% for ¥2,500 million.	CI

TechnoPro : Business Environment and Medium-Term Management Plan Progress

February 01, 2022 at 01:12 am EST

TechnoPro Group

Business Environment and

Medium-Term Management Plan Progress

TechnoPro Holdings, Inc. (code: 6028,TSE）

February 1, 2022

Contents

Page

I	: Business Environment	2
	Medium-Term Management Plan
II	： "Evolution 2026" Progress	7

III ： Sustainability Management

Copyright © TechnoPro Holdings, Inc. All rights reserved.	1

Contract Renewal Ratio [Mar, Jun, Sep, Dec]

Terms of most staffing contracts are three or six months, therefore major contract renewal cycle occurs every three months (particularly in March, the contracts up for renewal reach around 80% of total contracts, and March contract renewal ratio usually tends to be around 90% since many projects end to coincide with the closing of our customers' fiscal year)
There was no major decline in contract renewal ratio during the COVID-19 pandemic that began in 2020; the renewal ratio for December 2021 ended up with 93.5%
In March 2022, expects contract renewal ratio of 90.4%, the same level as the previous year(however, assuming around 1,500 engineers to return from assignment upon expiration of contract)

(No. of Engineers)	(Contract Renewal Ratio)
	95.0%

20,000

92.8%	93.5%
91.9%

15,000

10,000		90.4%
		90.4%

89.3%

5,000

Sep

Dec

Mar

Jun

Sep

Dec

Mar

Jun

Sep

Dec

Mar

FY20.6

FY21.6

FY22.6

Non-renewed

Contracts up for

Engineers on

Renewal ratio

assignment

renewal

contracts

94.0%

93.0%

92.0%

91.0%

90.0%

89.0%

88.0%

87.0%

86.0%

85.0%

Copyright © TechnoPro Holdings, Inc. All rights reserved.	2

New Orders Trend by "Technology" [Quarterly]

Although the number of new orders recovered from FY21.6 driven by promoting sales activities adapted to "with COVID-19" environment, customers continuously tend to require higher experience and skill level for engineerseven in IT, the most in demand area
In Machinery, new orders for leading-edgetechnologies are increasingmainly in areas such as Autonomous Driving, Electric Vehicle and IoT, while demand for conventional technologies is on the decline

Machinery

Chemical

5,000

4,000

3,000

2,000

1,000

5,000

4,000

3,000

2,000

1,000

+60%

YOY

+40%

+20%

1,571

1,265

1,233

-20%

-40%

FY20.6

FY21.6

FY22.6

+60%

+40%

+20%

310

294

450

-20%

-40%

FY20.6

FY21.6

FY22.6

Construction

5,000

4,000

3,000

2,000

1,000

5,000

4,000

3,000

2,000

1,000

(No. of Orders, YoY Growth Ratio)

3,930

4,461

4,311

+60%

+40%

+20%

-20%

-40%

FY20.6

FY21.6

FY22.6

+60%

+40%

+20%

833

841

1,128

-20%

-40%

FY20.6

FY21.6

FY22.6

(1) Machinery: Machinery, Electric/Electronic, (2) IT: Embedded Control, Software Development/Maintenance, IT Infrastructure,
(3) Chemical: Chemical, Biochemical, (4) Construction: Construction; (1) - (4) do not include Others (the same shall apply hereinafter)

Copyright © TechnoPro Holdings, Inc. All rights reserved.	3

Mid-career Recruitment by "Technology" [Quarterly]

Although had to spend some time to cultivate potential candidates pool since resuming mid-career hiring in Q2 FY21.6, established business operation capable of steadily recruiting around 250 mid-careerengineers every monthin FY22.6 without largely compromising on hiring criteria
Amid intensifying competition for seasoned or digital talentespecially in IT field, continuous effort to create attractive job opportunities is vital for recruitment and retention

Machinery

Chemical

500

400

300

200

100

500

400

300

200

100

162

FY20.6

FY21.6

FY22.6

FY20.6

FY21.6

FY22.6

Construction

													(No. of Engineers)
500			498											447

400

300

200

100
						20

0		1Q	2Q	3Q	4Q		1Q	2Q	3Q	4Q			1Q	2Q


			FY20.6				FY21.6				FY22.6
500

400

300
	189											154
200
							80
100


0		1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q		1Q	2Q


			FY20.6				FY21.6				FY22.6

Copyright © TechnoPro Holdings, Inc. All rights reserved.	4

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TechnoPro Holdings Inc. published this content on 01 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 February 2022 06:11:03 UTC.

Latest news about TechnoPro Holdings, Inc.

TechnoPro Holdings to Begin 2.5 Billion Yen Share Buyback Program from Monday	Mar. 31	MT
TechnoPro Holdings, Inc. announces an Equity Buyback for 1,000,000 shares, representing 0.94% for ¥2,500 million.	Mar. 29	CI
TechnoPro Holdings, Inc. authorizes a Buyback Plan.	Mar. 28	CI
Technopro Holdings, Inc. Announces the Retirement of Futoshi Kitagawa, President and Representative Director, Effective as of March 31, 2024	Mar. 01	CI
TechnoPro Holdings' Attributable Profit Climbs 11.4% in Fiscal Nine Months	Feb. 06	MT
TechnoPro Holdings, Inc. Provides Dividend Guidance for the Fiscal Year Ending June 30, 2024	Feb. 06	CI
TechnoPro Holdings, Inc. Announces Dividend for the Second Quarter Ended December 31, 2023, Payable on February 29, 2024	Feb. 06	CI
New entry in MarketScreener's Asia portfolio	Jan. 10
Harris Associates says cautious on Japan, all in on Europe	Nov. 30	RE
Transcript : TechnoPro Holdings, Inc., Q1 2024 Earnings Call, Oct 31, 2023	23-10-31
TechnoPro Holdings, Inc. Provides Consolidated Earnings Guidance for the First Half and Full Year Ending June 30, 2024	23-10-31	CI
Technopro Holdings, Inc. Provides Year End Dividend Guidance for the Fiscal Year Ending June 30, 2024	23-10-31	CI
Technopro Holdings, Inc. Provides Dividend Guidance for the Second Quarter of Fiscal Year Ending June 30, 2024	23-10-31	CI
New entries in MarketScreener's Asia portfolio	23-10-24
TechnoPro Completes 3 Billion Yen Share Buyback Program	23-09-10	MT
Tranche Update on TechnoPro Holdings, Inc.'s Equity Buyback Plan announced on April 28, 2023.	23-09-08	CI
TechnoPro Holdings, Inc.'s Equity Buyback announced on April 28, 2023, has closed with 883,100 shares, representing 0.82% for ¥2,999.98 million.	23-09-06	CI
Jefferies Adjusts TechnoPro's Price Target to 4,150 Yen From 3,950 Yen, Keeps at Buy	23-08-08	MT
TechnoPro Holdings, Inc. Provides Earnings Guidance for the Fiscal Year 2024	23-08-07	CI
TechnoPro Holdings, Inc. Announces Annual Dividend for the Fiscal Year Ended June 2023; Provides Annual Dividend Guidance for the Fiscal Year 2024	23-08-07	CI
Transcript : TechnoPro Holdings, Inc., 2023 Earnings Call, Aug 07, 2023	23-08-07
Jefferies Adjusts Technopro’s Price Target to 3,950 Yen From 4,100 Yen, Keeps at Buy	23-07-13	MT
Tranche Update on TechnoPro Holdings, Inc.'s Equity Buyback Plan announced on April 28, 2023.	23-07-03	CI
Jefferies Adjusts TechnoPro’s Price Target to 4,100 Yen From 4,300 Yen, Keeps at Buy	23-05-09	MT
Jefferies Adjusts TechnoPro's Price Target to 4,300 Yen From 4,400 Yen, Keeps at Buy	23-05-01	MT

Chart TechnoPro Holdings, Inc.

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Company Profile

TechnoPro Holdings Inc is a Japan-based company mainly engaged in dispatch and contract engineers in the fields of machinery, electrical/electronics, embedded control, software development and maintenance, biochemistry and construction management. It operates through four business segments. Research and Development (R&D) Outsourcing segment provides engineer dispatch and contract work in the technical fields of machinery, electric & electronics, embedded control, information technology networks, business applications, system maintenance and operation. Construction Management Outsourcing segment dispatches engineers for construction management in the areas of construction, civil engineering. It also provides contract work for creating architectural drawings. Overseas segment provides technology outsourcing and recruitment services in China, Singapore, India and the United Kingdom. Domestic and Other segment provides recruitment services and technical education and training services.

Sector

Employment Services

Calendar

2024-04-25 - Q3 2024 Earnings Release

More about the company

Income Statement Evolution

More financial data

Ratings for TechnoPro Holdings, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

2,874 JPY

Average target price

3,866 JPY

Spread / Average Target

+34.51%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Outsourcing & Staffing Services

TechnoPro Holdings, Inc.

Equities

6028

JP3545240008

Employment Services

TechnoPro : Business Environment and Medium-Term Management Plan Progress

EPS Revisions