Annuncio • Dec 09
TechnoPro Holdings, Inc.(TSE:6028) dropped from FTSE All-World Index (USD) TechnoPro Holdings, Inc.(TSE:6028) dropped from FTSE All-World Index (USD) Annuncio • Sep 25
Private equity funds and vehicles managed by Blackstone (NYSE:BX) completed the acquisition of TechnoPro Holdings, Inc. (TSE:6028) for approximately ¥400 billion. Private equity funds and vehicles managed by Blackstone (NYSE:BX) proposed to acquire 79.9% stake in TechnoPro Holdings, Inc. (TSE:6028) for approximately ¥400 billion on August 6, 2025. A cash consideration of ¥405 billion valued at ¥4870 per share will be paid by Blackstone Inc. As part of consideration, ¥405 billion is paid towards common equity of TechnoPro Holdings, Inc. Through this tender offer, TechnoPro Holdings, Inc is expected to become a wholly owned subsidiary, and to be delisted by the end of this year as part of our transition to private ownership. Blackstone expects to commence the tender offer on August 7, 2025 and will close on September 24, 2025.
The transaction is subject to approval from shareholders of TechnoPro Holdings, which will be held in November 2025. If, upon consummation of the Tender Offer, the Offeror is unable to acquire all of the Target’s Stock through the Tender Offer, the Offeror will, after consummation of the Tender Offer, implement the series of procedures described in " Policies on the organizational restructuring, etc. after the Tender Offer below. If the total number of the Tendered Shares is less than the minimum number of tendered shares to be purchased in the Tender Offer 69,460,100 shares, representing 66.67% stake, the Offeror will purchase none of the Tendered Shares. TechnoPro's board unanimously resolved to express an opinion in support of the Tender Offer.
Anthony King, Sonya Ho, Étienne Renaudeau, Makiko Harunari, Sophie Staples, Steven Klar and Peter Thomas of Simpson Thacher & Bartlett LLP and Anderson Mori & Tomotsune acted as legal advisors and Daiwa Securities Co. Ltd. acted as financial advisor to TechnoPro Holdings, Inc. Nomura Securities Co., Ltd. and Goldman Sachs Japan Co., Ltd. acted as financial advisors to Blackstone. TechnoPro's Special Committee appointed Mori Hamada & Matsumoto as its independent legal advisor, and Plutus Consulting Co., Ltd. as its independent financial advisor.
Private equity funds and vehicles managed by Blackstone (NYSE:BX) completed the acquisition of 79.9% stake in TechnoPro Holdings, Inc. (TSE:6028) for approximately ¥400 billion on September 24, 2025. Annuncio • Sep 14
TechnoPro Holdings, Inc. to Report Q1, 2026 Results on Oct 31, 2025 TechnoPro Holdings, Inc. announced that they will report Q1, 2026 results on Oct 31, 2025 Annuncio • Jun 13
TechnoPro Holdings, Inc. to Report Q4, 2025 Results on Aug 07, 2025 TechnoPro Holdings, Inc. announced that they will report Q4, 2025 results at 9:00 AM, Tokyo Standard Time on Aug 07, 2025 Annuncio • Jun 12
TechnoPro Holdings, Inc. to Report June,2025 Results on Jul 10, 2025 TechnoPro Holdings, Inc. announced that they will report June, 2025 results on Jul 10, 2025 Annuncio • Mar 15
TechnoPro Holdings, Inc. to Report Q3, 2025 Results on Apr 30, 2025 TechnoPro Holdings, Inc. announced that they will report Q3, 2025 results on Apr 30, 2025 Annuncio • Dec 13
TechnoPro Holdings, Inc. to Report Q2, 2025 Results on Feb 07, 2025 TechnoPro Holdings, Inc. announced that they will report Q2, 2025 results on Feb 07, 2025 Annuncio • Nov 14
TechnoPro Holdings, Inc. to Report November,2024 Results on Dec 11, 2024 TechnoPro Holdings, Inc. announced that they will report November, 2024 results on Dec 11, 2024 Reported Earnings • Nov 02
First quarter 2025 earnings released: EPS: JP¥45.35 (vs JP¥37.66 in 1Q 2024) First quarter 2025 results: EPS: JP¥45.35 (up from JP¥37.66 in 1Q 2024). Revenue: JP¥57.9b (up 9.4% from 1Q 2024). Net income: JP¥4.78b (up 19% from 1Q 2024). Profit margin: 8.3% (up from 7.6% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Declared Dividend • Oct 10
Final dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 27th December 2024 Payment date: 28th February 2025 Dividend yield will be 173%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 03
Full year 2024 earnings released: EPS: JP¥138 (vs JP¥143 in FY 2023) Full year 2024 results: EPS: JP¥138 (down from JP¥143 in FY 2023). Revenue: JP¥219.2b (up 9.7% from FY 2023). Net income: JP¥14.7b (down 4.4% from FY 2023). Profit margin: 6.7% (down from 7.7% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Annuncio • Aug 10
TechnoPro Holdings, Inc. (TSE:6028) announces an Equity Buyback for 2,000,000 shares, representing 1.88% for ¥5,000 million. TechnoPro Holdings, Inc. (TSE:6028) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 1.88% of its issued share capital, for ¥5,000 million. The purpose of the program is to execute a flexible capital policy (improving capital efficiency, etc.) for the sustainable growth of group while taking into consideration cash on hand and stock price levels, etc., and to create value. The program will expire on March 31, 2025. As of July 31, 2024, the company had 106,400,000 shares (excluding treasury stock) and 446,472 shares in treasury. Reported Earnings • Aug 09
Full year 2024 earnings released: EPS: JP¥138 (vs JP¥143 in FY 2023) Full year 2024 results: EPS: JP¥138 (down from JP¥143 in FY 2023). Revenue: JP¥219.2b (up 9.7% from FY 2023). Net income: JP¥14.7b (down 4.4% from FY 2023). Profit margin: 6.7% (down from 7.7% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Annuncio • Aug 08
TechnoPro Holdings, Inc., Annual General Meeting, Sep 27, 2024 TechnoPro Holdings, Inc., Annual General Meeting, Sep 27, 2024. Annuncio • Jun 15
TechnoPro Holdings, Inc. to Report Q4, 2024 Results on Aug 08, 2024 TechnoPro Holdings, Inc. announced that they will report Q4, 2024 results on Aug 08, 2024 Reported Earnings • Apr 28
Third quarter 2024 earnings released: EPS: JP¥38.56 (vs JP¥34.20 in 3Q 2023) Third quarter 2024 results: EPS: JP¥38.56 (up from JP¥34.20 in 3Q 2023). Revenue: JP¥54.6b (up 8.5% from 3Q 2023). Net income: JP¥4.12b (up 12% from 3Q 2023). Profit margin: 7.5% (up from 7.3% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Annuncio • Apr 27
TechnoPro Holdings, Inc. Announces Executive Changes TechnoPro Holdings, Inc. announced the retirement of Fumitaka Kuga Executive Officer, [President and Representative Director, TechnoPro Construction, Inc.]. Effective from April 30, 2024. Also announced the appointment of Yasuo Tanaka Executive Officer (President and Representative Director, TechnoPro Construction, Inc.). Effective from May 1, 2024. Annuncio • Mar 30
TechnoPro Holdings, Inc. (TSE:6028) announces an Equity Buyback for 1,000,000 shares, representing 0.94% for ¥2,500 million. TechnoPro Holdings, Inc. (TSE:6028) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 0.94% of its total shares outstanding excluding treasury shares, for a total of ¥2,500 million. The purpose of repurchase program is to create value by implementing flexible capital policies (such as improving capital efficiency) aimed at the sustainable growth of the company. The repurchase program is valid till June 28, 2024. As of February 29, 2024, the company had 106,842,635 shares outstanding excluding treasury shares and had 457,365 shares in treasury. Annuncio • Mar 15
TechnoPro Holdings, Inc. to Report Q3, 2024 Results on Apr 26, 2024 TechnoPro Holdings, Inc. announced that they will report Q3, 2024 results on Apr 26, 2024 Annuncio • Mar 01
Technopro Holdings, Inc. Announces the Retirement of Futoshi Kitagawa, President and Representative Director, Effective as of March 31, 2024 TechnoPro Holdings, Inc. announced the retirement of Futoshi Kitagawa, President and Representative Director, TechnoBrain Co.,Ltd, effective as of March 31, 2024. Annuncio • Feb 14
TechnoPro Holdings, Inc. to Report February,2024 Results on Mar 12, 2024 TechnoPro Holdings, Inc. announced that they will report February, 2024 results on Mar 12, 2024 Reported Earnings • Feb 08
Second quarter 2024 earnings released: EPS: JP¥42.68 (vs JP¥32.80 in 2Q 2023) Second quarter 2024 results: EPS: JP¥42.68 (up from JP¥32.80 in 2Q 2023). Revenue: JP¥55.1b (up 11% from 2Q 2023). Net income: JP¥4.56b (up 29% from 2Q 2023). Profit margin: 8.3% (up from 7.1% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 21
Upcoming dividend of JP¥25.00 per share at 2.2% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 28 February 2024. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (5.1%). In line with average of industry peers (2.4%). Annuncio • Dec 17
TechnoPro Holdings, Inc. to Report Q2, 2024 Results on Feb 06, 2024 TechnoPro Holdings, Inc. announced that they will report Q2, 2024 results on Feb 06, 2024 Reported Earnings • Nov 02
First quarter 2024 earnings released: EPS: JP¥37.66 (vs JP¥38.80 in 1Q 2023) First quarter 2024 results: EPS: JP¥37.66 (down from JP¥38.80 in 1Q 2023). Revenue: JP¥52.9b (up 9.7% from 1Q 2023). Net income: JP¥4.03b (down 3.6% from 1Q 2023). Profit margin: 7.6% (down from 8.7% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Sep 19
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 4.3%. The fair value is estimated to be €25.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 8.7% per annum. Earnings is also forecast to grow by 11% per annum over the same time period. Annuncio • Sep 17
TechnoPro Holdings, Inc. to Report Q1, 2024 Results on Oct 31, 2023 TechnoPro Holdings, Inc. announced that they will report Q1, 2024 results on Oct 31, 2023 Reported Earnings • Aug 08
Full year 2023 earnings released: EPS: JP¥143 (vs JP¥143 in FY 2022) Full year 2023 results: EPS: JP¥143 (down from JP¥143 in FY 2022). Revenue: JP¥199.9b (up 12% from FY 2022). Net income: JP¥15.4b (flat on FY 2022). Profit margin: 7.7% (down from 8.6% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 10% per year. Annuncio • Aug 08
TechnoPro Holdings, Inc., Annual General Meeting, Sep 28, 2023 TechnoPro Holdings, Inc., Annual General Meeting, Sep 28, 2023. Agenda: TO consider to pay the year-end dividend to its shareholders of record as of June 30, 2023. Buying Opportunity • Jul 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be €23.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 8.4% per annum. Earnings is also forecast to grow by 12% per annum over the same time period. New Risk • Jul 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Upcoming Dividend • Jun 22
Upcoming dividend of JP¥47.00 per share at 2.3% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 02 October 2023. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.7%). Annuncio • Jun 16
TechnoPro Holdings, Inc. to Report Q4, 2023 Results on Aug 07, 2023 TechnoPro Holdings, Inc. announced that they will report Q4, 2023 results on Aug 07, 2023 Reported Earnings • Apr 30
Third quarter 2023 earnings released: EPS: JP¥34.20 (vs JP¥39.76 in 3Q 2022) Third quarter 2023 results: EPS: JP¥34.20 (down from JP¥39.76 in 3Q 2022). Revenue: JP¥50.3b (up 11% from 3Q 2022). Net income: JP¥3.68b (down 14% from 3Q 2022). Profit margin: 7.3% (down from 9.4% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 13% per year. Buying Opportunity • Apr 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.6%. The fair value is estimated to be €29.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 8.9% per annum. Earnings is also forecast to grow by 14% per annum over the same time period. Buying Opportunity • Mar 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 3.2%. The fair value is estimated to be €30.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 8.8% per annum. Earnings is also forecast to grow by 14% per annum over the same time period. Buying Opportunity • Feb 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 3.2%. The fair value is estimated to be €30.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 8.8% per annum. Earnings is also forecast to grow by 14% per annum over the same time period. Reported Earnings • Feb 05
Second quarter 2023 earnings released: EPS: JP¥32.81 (vs JP¥47.21 in 2Q 2022) Second quarter 2023 results: EPS: JP¥32.81 (down from JP¥47.21 in 2Q 2022). Revenue: JP¥49.8b (up 11% from 2Q 2022). Net income: JP¥3.53b (down 31% from 2Q 2022). Profit margin: 7.1% (down from 11% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 28 February 2023. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (2.8%). Annuncio • Dec 17
TechnoPro Holdings, Inc. to Report Q2, 2023 Results on Feb 03, 2023 TechnoPro Holdings, Inc. announced that they will report Q2, 2023 results on Feb 03, 2023 Buying Opportunity • Dec 16
Now 21% undervalued Over the last 90 days, the stock is up 23%. The fair value is estimated to be €31.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 8.3% per annum. Earnings is also forecast to grow by 14% per annum over the same time period. Buying Opportunity • Nov 01
Now 20% undervalued Over the last 90 days, the stock is up 3.6%. The fair value is estimated to be €28.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 8.4% per annum. Earnings is also forecast to grow by 11% per annum over the same time period. Reported Earnings • Oct 06
Full year 2022 earnings released: EPS: JP¥143 (vs JP¥123 in FY 2021) Full year 2022 results: EPS: JP¥143 (up from JP¥123 in FY 2021). Revenue: JP¥178.8b (up 11% from FY 2021). Net income: JP¥15.4b (up 17% from FY 2021). Profit margin: 8.6% (up from 8.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Annuncio • Sep 17
TechnoPro Holdings, Inc. to Report Q1, 2023 Results on Oct 31, 2022 TechnoPro Holdings, Inc. announced that they will report Q1, 2023 results on Oct 31, 2022 Reported Earnings • Aug 09
Full year 2022 earnings released: EPS: JP¥143 (vs JP¥123 in FY 2021) Full year 2022 results: EPS: JP¥143 (up from JP¥123 in FY 2021). Revenue: JP¥178.8b (up 11% from FY 2021). Net income: JP¥15.4b (up 17% from FY 2021). Profit margin: 8.6% (up from 8.2% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 9.9%, compared to a 8.2% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 11% per year. Annuncio • Jun 30
TechnoPro Holdings, Inc., Annual General Meeting, Sep 29, 2022 TechnoPro Holdings, Inc., Annual General Meeting, Sep 29, 2022. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improved over the past week After last week's 16% share price gain to €19.70, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 16x in the Professional Services industry in Europe. Total returns to shareholders of 27% over the past three years. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥42.00 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (4.4%). Lower than average of industry peers (2.7%). Annuncio • Jun 17
TechnoPro Holdings, Inc. to Report Fiscal Year 2022 Results on Aug 08, 2022 TechnoPro Holdings, Inc. announced that they will report fiscal year 2022 results on Aug 08, 2022 Reported Earnings • Apr 30
Third quarter 2022 earnings released: EPS: JP¥39.76 (vs JP¥33.66 in 3Q 2021) Third quarter 2022 results: EPS: JP¥39.76 (up from JP¥33.66 in 3Q 2021). Revenue: JP¥45.4b (up 11% from 3Q 2021). Net income: JP¥4.28b (up 18% from 3Q 2021). Profit margin: 9.4% (up from 8.9% in 3Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 9.6%, compared to a 9.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 11% per year. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improved over the past week After last week's 17% share price gain to €26.00, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 22x in the Professional Services industry in Europe. Total returns to shareholders of 73% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €35.72 per share. Reported Earnings • Feb 02
Second quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Second quarter 2022 results: EPS: JP¥47.22 (up from JP¥33.89 in 2Q 2021). Revenue: JP¥44.7b (up 11% from 2Q 2021). Net income: JP¥5.09b (up 39% from 2Q 2021). Profit margin: 11% (up from 9.1% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.7%. Over the next year, revenue is forecast to grow 9.0%, compared to a 9.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 12% per year. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 01 March 2022. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (3.3%). In line with average of industry peers (1.8%). Upcoming Dividend • Dec 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 01 March 2022. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (3.3%). In line with average of industry peers (1.8%). Board Change • Oct 10
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Harumi Sakamoto was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 05
Full year 2021 earnings released: EPS JP¥369 (vs JP¥99.99 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥161.3b (up 1.8% from FY 2020). Net income: JP¥13.2b (up 22% from FY 2020). Profit margin: 8.2% (up from 6.8% in FY 2020). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 12
Full year 2021 earnings released: EPS JP¥123 (vs JP¥99.99 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥161.3b (up 1.8% from FY 2020). Net income: JP¥13.2b (up 22% from FY 2020). Profit margin: 8.2% (up from 6.8% in FY 2020). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Annuncio • Aug 12
Technopro Holdings, Inc. Announces Earnings Guidance for the First Half and Fiscal Year 2022 TechnoPro Holdings, Inc. announced earnings guidance for the first half and fiscal year 2022. For the first half, the company expected revenue to be JPY 84,000 million. Net profit to be JPY 5,000 million. Operating profit to be JPY 7,300 million. Earnings per share to be JPY 46.41.
For the full year, the company expected revenue to be JPY 170,000 million. Net profit to be JPY 11,300 million. Operating profit to be JPY 16,500 million. Earnings per share to be JPY 104.89. Annuncio • Aug 11
TechnoPro Holdings, Inc. (TSE:6028) entered in an agreement to acquire Robosoft Technologies Private Limited from Kalaari Capital Partners II managed by Kalaari Capital Advisors Private Limited, Ascent India Fund III managed by Ascent Capital Advisors and others for INR 8,050 million. TechnoPro Holdings, Inc. (TSE:6028) entered in an agreement to acquire Robosoft Technologies Private Limited from Kalaari Capital Partners II managed by Kalaari Capital Advisors Private Limited, Ascent India Fund III managed by Ascent Capital Advisors and others for INR 8,050 million on August 10, 2021. As part of the consideration TechnoPro will be acquiring Common Shares: 21,858,994 shares, Class A Shares: 11,602,477 shares, Class B Shares: 8,928,703 shares for INR 8,050 million out of which purchase price in the first tranche is approximately INR 5,800 million. After transfer TechnoPro will be having Number of voting rights: 39,881,969. As part of the acquisition TechnoPro is acquiring 37.3% stake from Ascent Capital, 27.0% stake from Kalaari Capital and 35.7% stake from 15 individuals including promoters and executives of Robosoft. Robosoft will become a subsidiary of TechnoPro in the two phased transactions: 80% in the first tranche and remaining 20% in the second one approximately one year later. The first transaction is expected to be completed by Late August 2021 and second tranche by July 2022. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥122 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 30 September 2021. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (3.1%). Higher than average of industry peers (1.9%). Reported Earnings • Apr 30
Third quarter 2021 earnings released: EPS JP¥101 (vs JP¥92.09 in 3Q 2020) The company reported a solid third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: JP¥40.7b (flat on 3Q 2020). Net income: JP¥3.63b (up 9.1% from 3Q 2020). Profit margin: 8.9% (up from 8.2% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 8% per year. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥68.00, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 26x in the Professional Services industry in Europe. Total returns to shareholders of 53% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €77.54 per share. Annuncio • Mar 10
TechnoPro Holdings, Inc. to Report Q3, 2021 Results on Apr 28, 2021 TechnoPro Holdings, Inc. announced that they will report Q3, 2021 results on Apr 28, 2021 Is New 90 Day High Low • Feb 28
New 90-day low: €58.50 The company is down 17% from its price of €70.50 on 27 November 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €56.63 per share. Reported Earnings • Feb 04
Second quarter 2021 earnings released: EPS JP¥102 (vs JP¥82.93 in 2Q 2020) The company reported a solid second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: JP¥40.3b (flat on 2Q 2020). Net income: JP¥3.65b (up 22% from 2Q 2020). Profit margin: 9.1% (up from 7.5% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year and the company’s share price has also increased by 12% per year. Analyst Estimate Surprise Post Earnings • Feb 04
Revenue beats expectations Revenue exceeded analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 2.1%, compared to a 4.0% growth forecast for the Professional Services industry in Germany. Is New 90 Day High Low • Jan 07
New 90-day high: €72.00 The company is up 26% from its price of €57.00 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €51.51 per share. Annuncio • Dec 05
TechnoPro Holdings, Inc. to Report Q2, 2021 Results on Feb 12, 2021 TechnoPro Holdings, Inc. announced that they will report Q2, 2021 results on Feb 12, 2021 Is New 90 Day High Low • Nov 16
New 90-day high: €59.50 The company is up 35% from its price of €44.20 on 18 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €42.32 per share. Reported Earnings • Nov 12
First quarter 2021 earnings released: EPS JP¥82.74 The company reported a solid first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: JP¥39.2b (flat on 1Q 2020). Net income: JP¥2.97b (up 12% from 1Q 2020). Profit margin: 7.6% (up from 6.8% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 14% per year. Analyst Estimate Surprise Post Earnings • Nov 12
Revenue beats expectations Revenue exceeded analyst estimates by 1.5%. Over the next year, revenue is forecast to stay flat compared to a 1.3% growth forecast for the Professional Services industry in Germany. Reported Earnings • Nov 01
First quarter earnings released Over the last 12 months the company has reported total profits of JP¥11.1b, up 8.5% from the prior year. Total revenue was JP¥158.7b over the last 12 months, up 6.0% from the prior year. Analyst Estimate Surprise Post Earnings • Nov 01
First-quarter earnings released: Revenue beats expectations First-quarter revenue exceeded analyst estimates by 1.3% at JP¥39.2b. Revenue is forecast to stay flat over the next year, in line with the revenue forecast for the Professional Services industry in Germany. Is New 90 Day High Low • Oct 15
New 90-day high: €58.50 The company is up 20% from its price of €48.60 on 17 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €45.05 per share. Reported Earnings • Oct 03
Full year earnings released - EPS €300 Over the last 12 months the company has reported total profits of JP¥10.8b, up 12% from the prior year. Total revenue was JP¥158.4b over the last 12 months, up 9.8% from the prior year. Profit margins were 6.8%, which is in line with last year. Annuncio • Sep 29
TechnoPro Holdings, Inc. Approves Board Changes TechnoPro Holdings, Inc. at its 15th annual general meeting of shareholders, approved the appointment of Rumiko Tanabe as Outside Audit & Supervisory Board member and retirement of Tatsuhisa Nagao from the board. Is New 90 Day High Low • Sep 28
New 90-day high: €54.50 The company is up 7.0% from its price of €51.00 on 30 June 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €33.59 per share. Annuncio • Aug 16
TechnoPro Holdings, Inc. to Report Q1, 2021 Results on Oct 30, 2020 TechnoPro Holdings, Inc. announced that they will report Q1, 2021 results on Oct 30, 2020