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View All NewsTechnopro 9-month revenue climbs 9.6%
TechnoPro Holdings Inc. (6028:TYO), a Tokyo-based provider of engineering staffing, reported revenue today for the nine-month period ended 31 March 2024. Revenue ticked up 9.6% year over year to JPY 162.58 billion (USD 1.03 billion).
| (JPY millions) | 9 months 2023 | 9 months 2022 | Change | 9 months 2023 (USD millions) |
| Revenue | 162,579 | 148,291 | 9.6% | 1,037.5 |
| Gross Profit | 43,223 | 39,300 | 9.9% | 275.8 |
| Gross Margin | 26.6% | 26.5% | - | - |
| Core operating Profit | 18,133 | 16,494 | 9.9% | 115.6 |
| Operating profit | 18,346 | 16,601 | 10.5% | 117.0 |
| Net Income | 12,711 | 11,398 | 11.5% | 81.0 |
Revenue in the R&D Outsourcing segment was JPY 124.9 billion yen (USD ?? million) (up 10.5%). Revenue in the construction management outsourcing segment was JPY 17.36 billion (USD 110.7 million) (up 7.2%).
Within the Other business in Japan segment, revenue stood at JPY 3.28 billion (USD 20.9 million) (down 16.1%). Meanwhile, revenue in the overseas business was JPY 19.22 billion (USD 122.6 million) (up 9.3%).
The group also announced that it has appointed Yasuo Tanaka as president and representative director at TechnoPro Construction, Inc. with effect from 1 May 2024.
Looking ahead the company forecasted revenue of JPY 220.0 million (USD 1.4 million) for the year ended 30 June 2024.
TechnoPro shares closed at JPY 2,853.50 (USD 18.20), up 0.40% on the day and 3.71% above its 52-week low of JPY 2,751.50 (USD 17.55), set on 23 October 2023. The company has a market cap of JPY 304.95 billion (USD 1.94 billion).