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View All NewsTechnoPro Holdings full year revenue increases 11.8% with growth fuelled by overseas business
TechnoPro Holdings, Inc, (6028:TYO) a Japan-based technology-focused staffing and services company, reported revenue today of JPY 199.85 billion (USD 1.40 billion) for the full year ended 30 June 2023, an increase of 11.8% compared to the previous year.
| (JPY millions) | FY 2023 | FY 2022 | Change | FY 2023 (USD millions) |
| Revenue | 199,851 | 178,756 | 11.8% | 1,403.6 |
| Gross Profit | 52,903 | 46,858 | 17.9% | 371.5 |
| Gross Margin | 26.2% | 26.2% | - | - |
| Operating Profit | 21,838 | 20,641 | 5.8% | 153.3 |
| Net Income | 15,365 | 15,430 | -0.4% | 107.9 |
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.
Revenue in the R&D Outsourcing segment was up 11.2%. Within Construction Management Outsourcing, revenue rose by 6.6%. Meanwhile, in the ‘Other Business’ segment, revenue was up 13.7%.
Overall revenue growth in Japan stood at 10.7%. In the Overseas Business, revenue was up 23.9%.
For the full year ended 30 June 2024, the group is forecasting revenue of JPY 220.0 billion (USD 1.54 billion).
TechnoPro Holdings shares closed today at JPY 3,624.00 (USD 25.45), up 3.45% on the day and 12.67% below its 52-week high of JPY 4,150.00 (USD 29.15), set on 1 November 2022. The company has a market cap of JPY 379.80 billion (USD 2.66 billion).