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View All NewsJapan – TechnoPro Holdings third-quarter revenue up slightly
TechnoPro Holdings, Inc, (6028:TYO) a Japan-based technology-focused staffing and services company, reported revenue today of JPY 40.7 billion (USD 373.8 million) for the third quarter ended 31 March 2020, an increase of 0.7% compared to the previous year.
| (JPY millions) | 3 months ended 31 March 2021 | 3 months ended 31 March 2020 | Change | 3 months ended 31 March 2021 (USD millions) |
| Revenue | 40,729 | 40,453 | 0.7% | 373.8 |
| Gross Profit | 10,363 | 10,846 | -4.4% | 95.1 |
| Gross Margin | 25.4% | 26.8% | - | |
| Operating Profit | 5,198 | 4,848 | 7.2% | 47.7 |
| Net Income | 3,626 | 3,325 | 9.1% | 33.3 |
Revenue in R&D Outsourcing was up 0.7% during the Q3 period. Construction management outsourcing fell by 0.5%.
Other Businesses in Japan saw a decline of 13.5%. Overall, revenue in Japan grew by 0.2%.
The group’s overseas business revenue was up 3.4%.
Results for the nine-month period.
| (JPY millions) | 9 months ended 31 March 2020 | 9 months ended 31 March 2020 | Change | 9 months 2020 (USD millions) |
| Revenue | 120,181 | 119,491 | 0.6% | 1,103.0 |
| Gross Profit | 28,887 | 30,952 | -6.7% | 265.1 |
| Gross Margin | 24.0% | 25.9% | ||
| Operating Profit | 14,879 | 13,070 | 13.8% | 136.5 |
| Net Income | 10,249 | 8,979 | 14.1% | 94.0 |
TechnoPro is an engineering staffing company and offers services and solutions in mechanical and electronic design, IT and software development, and a wide range of technological fields through outsourcing. The company also has a presence in biological, chemical and construction management businesses.
Shares in TechnoPro Holdings closed at JPY 8,490.00 (USD 77.92), down 0.70% on the day and 8.61% below its 52-week high of JPY 9,290.00 (USD 85.27), set on 8 January 2021. The company has a market cap of JPY 309.00 billion (USD 2.83 billion).