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View All NewsTechnoPro Q1 revenue ticks up 9.7%
TechnoPro Holdings, Inc, (6028:TYO) a Japan-based technology-focused staffing and services company, reported revenue today of JPY 52.89 billion (USD 351.1 million) for the first quarter ended 30 September 2023, an increase of 9.7% compared to the previous year.
| (JPY millions) | Q1 2023 | Q1 2022 | Change | Q1 2023 (USD millions) |
| Revenue | 52,896 | 48,225 | 9.7% | 351.1 |
| Gross Profit | 14,058 | 13,249 | 6.1% | 93.3 |
| Gross Margin | 26.6% | 27.5% | - | - |
| Operating Profit | 5,788 | 6,007 | -3.6% | 38.4 |
| Net Income | 4,031 | 4,180 | 54.4% | 26.7 |
TechnoPro is an engineering staffing company and offers services and solutions in mechanical and electronic design, IT and software development, and wide range of technological fields through outsourcing. The company also has a presence in biological, chemical and construction management businesses.
The R&D business saw revenue increase by 10.9%. The construction management outsourcing business reported revenue growth of 7.2%. The Domestic and other businesses, which consists of human resource introduction and technical education and training services, reported a revenue decline of 16.2%. Revenue in the company’s foreign business was up 8.1%. As well as Japan, TechnoPro operates in China, Singapore, India and the UK.
Looking ahead the company forecasted revenue of JPY 220 billion (USD 1.46 billion) for the year ended 30 June 2023.
TechnoPro Holdings closed at JPY 2,940.00 (USD 19.51), up 3.05% on the day and 6.85% above its 52-week low of JPY 2,751.50 (USD 18.26), set on 23 October 2023. The company has a market cap of JPY 306.13 billion (USD 2.03 billion).