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View All NewsJapan – TechnoPro Holdings revenue rises 12.6% in 9-month period
TechnoPro Holdings Inc. (6028:TYO), a Tokyo-based provider of engineering staffing, reported revenue today for the nine-month period ended 31 March 2023. Revenue rose 12.6% year over year to JPY 148.29 billion (USD 1.08 billion).
| (JPY millions) | 9 months 2022 | 9 months 2021 | Change | 9 months 2022 (USD millions) |
| Revenue | 148,291 | 131,712 | 12.6% | 1,089.8 |
| Gross Profit | 39,300 | 34,283 | 14.6% | 288.8 |
| Gross Margin | 26.5% | 26.0% | - | - |
| Operating Profit | 16,494 | 14,446 | 14.2% | 121.2 |
| Net Income | 11,398 | 12,077 | -5.6% | 83.7 |
In the R&D Outsourcing business revenue was up 11.4% over the year. The Construction management outsourcing business reported revenue growth of 6.5%.
The Domestic Other Business, which consists of the Recruitment Business and the Technical Education and Training Business, reported revenue growth of 16.9%. The Overseas Business also reported revenue growth with a rise of 30.6% year-on-year.
Looking ahead the company forecasted revenue of JPY 200.00 billion (USD 1.47 billion) for the year ended 30 June 2023.
TechnoPro Holdings shares closed at JPY 3,700.00 (USD 27.19), up 1.65% on the day and 10.84% below its 52-week high of JPY 4,150.00 (USD 30.50), set on 1 November 2022. The company has a market cap of JPY 394.65 billion (USD 2.90 billion).