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    6028   JP3545240008

TECHNOPRO HOLDINGS, INC.

(6028)
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TechnoPro : Business Environment and Medium-Term Management Plan Progress

02/01/2022 | 01:12am EDT

TechnoPro Group

Business Environment and

Medium-Term Management Plan Progress

TechnoPro Holdings, Inc. (code: 6028,TSE

February 1, 2022

Copyright © TechnoPro Holdings, Inc. All rights reserved.

Contents

Page

I

: Business Environment

2

Medium-Term Management Plan

II

"Evolution 2026" Progress

7

III Sustainability Management

16

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

0

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

0

5,000

4,000

3,000

2,000

1,000

0

+60%

YOY

+40%

+20%

1,571

0%

1,265

1,233

-20%

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

-40%

FY20.6

FY21.6

FY22.6

+60%

+40%

+20%

0%

310

294

450

-20%

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

-40%

FY20.6

FY21.6

FY22.6

IT

Construction

5,000

4,000

3,000

2,000

1,000

0

5,000

4,000

3,000

2,000

1,000

0

(No. of Orders, YoY Growth Ratio)

3,930

4,461

4,311

+60%

+40%

+20%

0%

-20%

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

-40%

FY20.6

FY21.6

FY22.6

+60%

+40%

+20%

0%

833

841

1,128

-20%

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

-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

0

500

400

300

200

100

0

162

82

6

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

FY20.6

FY21.6

FY22.6

30

11

29

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

FY20.6

FY21.6

FY22.6

IT

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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Disclaimer

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.


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Financials
Sales 2022 176 B 1 315 M 1 315 M
Net income 2022 13 678 M 102 M 102 M
Net cash 2022 20 276 M 152 M 152 M
P/E ratio 2022 26,9x
Yield 2022 1,79%
Capitalization 368 B 2 754 M 2 754 M
EV / Sales 2022 1,98x
EV / Sales 2023 1,76x
Nbr of Employees 21 692
Free-Float 99,4%
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Number of Analysts 7
Last Close Price 3 415,00 JPY
Average target price 3 650,00 JPY
Spread / Average Target 6,88%
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Managers and Directors
Takeshi Yagi President, CEO & Representative Director
Toshihiro Hagiwara Chief Financial Officer & Director
Yasuji Nishio CFO & Managing Director
Toshiyuki Adachi Executive Officer & Head-Information Systems
Gaku Shimaoka COO, Representative Director & Vice President
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