Fiscal Year Ending March 31, 2022

November 11, 2021

Contents

  1. Financial Highlights
  2. Breakdown of Sales & Key Performance Indicators

Dispatching business of construction and plant engineers

3. Breakdown of Sales & Key Performance Indicators

Dispatching and contracting business of machinery design and development engineers

  1. Major Topics from 1st Quarter Financial Results Announcement
  2. FYE2022 Financial Forecast and Business Outlook
  3. Returning Shareholders
  4. Story of Value Creation

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

1

  1. Financial Highlights
  2. Breakdown of Sales & Key Performance Indicators

Dispatching business of construction and plant engineers

3. Breakdown of Sales & Key Performance Indicators

Dispatching and contracting business of machinery design and development engineers

  1. Major Topics from 1st Quarter Financial Results Announcement
  2. FYE2022 Financial Forecast and Business Outlook
  3. Returning Shareholders
  4. Story of Value Creation

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

2

Consolidated Financial Results

  • Made ATMOS CO., LTD., a company engaged in the dispatching and contract business of machinery design and development engineers, a subsidiary and consolidated results for 3 months.
  • Operating profit increased +19.0% year on year, supported by an improvement in the cost of sales ratio due to negotiations for a charge-up by COPRO-ENGINEERD.

millions JPY

FYE2021

FYE2022

Year-on-year

1st Half

Full-year

1st Half

Full-year

(revised forecast

(amount)

(%)

on Aug. 11)

Net sales

7,271

14,836

7,402

+130

+1.8

16,943

Cost of sales

5,255

10,539

5,168

87

1.7

11,788

Ratio to sales

72.3

71.0

69.8%

2.5pts

69.6

Gross profit

2,015

4,297

2,233

+218

+10.8

5,155

Ratio to sales

27.7

29.0

30.2%

+2.5pts

30.4

SG&A expenses

1,483

2,859

1,601

+117

+7.9

3,500

Ratio to sales

20.4

19.3

21.6%

+1.2pts

20.7

Operating profit

531

1,437

632

+100

+19.0

1,655

Ratio to sales

7.3

9.7

8.5%

+1.2pts

9.8

Ordinary profit

534

1,439

630

+96

+18.1

1,657

Ratio to sales

7.3

9.7

8.5%

+1.2pts

9.8

Profit attributable to owners of

404

1,009

328

76

18.9

1,077

parent

Ratio to sales

5.6

6.8

4.4%

1.2pts

6.4

Earnings per share (JPY)

42.92

106.74

34.38

8.54

112.76

Dividend per share (JPY)

10.00

37.50

10.00

40.00

  • 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 FYE2021.

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

3

Consolidated Operating Profit

COPRO-ENGINEEREDGross profit increased due to stronger negotiations for charge-up, which contributed to an improvement in the cost of sales ratio.

ATMOS3 months' worth of earnings (June to August) were newly consolidated. Cost of sales ratio rose in the dispatching business and the contracting business due to a decrease in the number of working days and hours due to summer vacations. In addition, the contracting business posted an operating loss due to a negative contribution from gross profit due to a deterioration in profitability in the in-house product development business.

Consolidated operating profit increased as improved earnings at COPRO-ENGINEERED offset M&A-related expenses, etc.

COPRO-ENGINEERED ATMOS

+27620

millions JPY

Cost of sales ratio

69.2

(YOY 3.1pts)

Operating profit YoY100

FYE2021 1st Half

COPRO-ENGINEERED

COPRO-ENGINEERED

Operating profit

Increase in gross profit

Decrease in SG&A

ATMOS

ATMOS

ATMOS

M&A-related expenses

Others

FYE2022 1st Half

Increase in gross profit

Decrease in gross profit

Increase in SG&A

(Corporate and

Operating profit

due to new consolidation

due to new consolidation

due to new consolidation

Consolidated

(Dispatch business)

(Contract business)

Adjustments)

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

4

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Copro-Holdings Co. Ltd. published this content on 11 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2021 07:46:08 UTC.