Announcement • Jun 01
COPRO-HOLDINGS. Co., Ltd. to Report Q1, 2027 Results on Aug 12, 2026 COPRO-HOLDINGS. Co., Ltd. announced that they will report Q1, 2027 results on Aug 12, 2026 Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥75.34 (vs JP¥47.71 in FY 2025) Full year 2026 results: EPS: JP¥75.34 (up from JP¥47.71 in FY 2025). Revenue: JP¥36.7b (up 22% from FY 2025). Net income: JP¥2.88b (up 58% from FY 2025). Profit margin: 7.9% (up from 6.1% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • May 18
COPRO-HOLDINGS. Co., Ltd., Annual General Meeting, Jun 19, 2026 COPRO-HOLDINGS. Co., Ltd., Annual General Meeting, Jun 19, 2026. Announcement • May 10
COPRO-HOLDINGS. Co., Ltd. to Report Fiscal Year 2026 Results on May 15, 2026 COPRO-HOLDINGS. Co., Ltd. announced that they will report fiscal year 2026 results on May 15, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 23 June 2026. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥15.76 (vs JP¥15.18 in 3Q 2025) Third quarter 2026 results: EPS: JP¥15.76 (up from JP¥15.18 in 3Q 2025). Revenue: JP¥9.02b (up 16% from 3Q 2025). Net income: JP¥603.0m (up 4.5% from 3Q 2025). Profit margin: 6.7% (down from 7.4% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 14
COPRO-HOLDINGS. Co., Ltd. Provides Consolidated Earnings Guidance for the year ending March 31, 2026 COPRO-HOLDINGS. Co., Ltd. provided consolidated earnings guidance for the year ending March 31, 2026. For the year, the company expects net sales to be JPY 38,000 million. Operating profit to be JPY 3,800 million. Profit attributable to owners of parent to be JPY 2,470 million. Basic earnings per share to be JPY 64.66. New Risk • Jan 20
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 Japanese stocks, typically moving 5.4% 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 Dividend is not well covered by earnings (97% payout ratio). Share price has been volatile over the past 3 months (5.4% average weekly change). Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,175, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 14x in the Professional Services industry in Japan. Total returns to shareholders of 365% over the past three years. Announcement • Jan 16
COPRO-HOLDINGS. Co., Ltd. (TSE:7059) executed of the share transfer agreement to acquire TRYT Inc. from Tryt Career, Inc. for ¥29.2 billion. COPRO-HOLDINGS. Co., Ltd. (TSE:7059) executed of the share transfer agreement to acquire TRYT Inc. from Tryt Career, Inc. for ¥29.2 billion on January 15, 2026. A cash consideration of ¥29.24 billion will be paid by COPRO-HOLDINGS. Co., Ltd. As part of consideration, ¥29.24 billion is paid towards common equity of TRYT Inc. COPRO-HOLDINGS will borrow funds of Unsecured and unguaranteed of ¥29.24 billion from a Sumitomo Mitsui Banking Corporation in order to apply such funds to the Share Acquisition.
The transaction is expected to close on March 1, 2026. Announcement • Dec 17
COPRO-HOLDINGS. Co., Ltd. to Report Q3, 2026 Results on Feb 13, 2026 COPRO-HOLDINGS. Co., Ltd. announced that they will report Q3, 2026 results at 12:00 PM, Tokyo Standard Time on Feb 13, 2026 Declared Dividend • Dec 11
First half dividend of JP¥25.00 announced Shareholders will receive a dividend of JP¥25.00. Ex-date: 30th March 2026 Payment date: 23rd June 2026 Dividend yield will be 6.1%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is not adequately covered by earnings (97% earnings payout ratio). However, it is covered by cash flows (70% cash payout ratio). The dividend has increased by an average of 41% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 8.1% to bring the payout ratio under control, which is less than the 13% EPS growth achieved over the last 5 years. Reported Earnings • Nov 17
Second quarter 2026 earnings released: EPS: JP¥13,483 (vs JP¥13.99 in 2Q 2025) Second quarter 2026 results: EPS: JP¥13,483 (up from JP¥13.99 in 2Q 2025). Revenue: JP¥8.68b (up 18% from 2Q 2025). Net income: JP¥555.1m (up 4.3% from 2Q 2025). Profit margin: 6.4% (down from 7.2% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Nov 14
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to JP¥955. The fair value is estimated to be JP¥1,269, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 30%. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 10 December 2025. Payout ratio is a comfortable 59% and the cash payout ratio is 76%. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.2%). Announcement • Sep 01
COPRO-HOLDINGS. Co., Ltd. to Report Q2, 2026 Results on Nov 14, 2025 COPRO-HOLDINGS. Co., Ltd. announced that they will report Q2, 2026 results on Nov 14, 2025 Reported Earnings • Aug 14
First quarter 2026 earnings released: EPS: JP¥19.88 (vs JP¥20.85 in 1Q 2025) First quarter 2026 results: EPS: JP¥19.88 (down from JP¥20.85 in 1Q 2025). Revenue: JP¥8.30b (up 17% from 1Q 2025). Net income: JP¥379.0m (down 5.0% from 1Q 2025). Profit margin: 4.6% (down from 5.6% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jul 17
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 43% to JP¥2,217. The fair value is estimated to be JP¥1,847, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 29%. Declared Dividend • Jul 09
Final dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 29th September 2025 Payment date: 10th December 2025 Dividend yield will be 3.2%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (28% earnings payout ratio) and cash flows (76% cash payout ratio). The dividend has increased by an average of 41% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 24
Full year 2025 earnings released: EPS: JP¥95.45 (vs JP¥77.65 in FY 2024) Full year 2025 results: EPS: JP¥95.45 (up from JP¥77.65 in FY 2024). Revenue: JP¥30.0b (up 25% from FY 2024). Net income: JP¥1.82b (up 25% from FY 2024). Profit margin: 6.1% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jun 19
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 29% to JP¥2,199. The fair value is estimated to be JP¥1,821, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 29%. Announcement • Jun 07
COPRO-HOLDINGS. Co., Ltd. to Report Q1, 2026 Results on Aug 12, 2025 COPRO-HOLDINGS. Co., Ltd. announced that they will report Q1, 2026 results on Aug 12, 2025 Reported Earnings • May 20
Full year 2025 earnings released: EPS: JP¥95.41 (vs JP¥77.65 in FY 2024) Full year 2025 results: EPS: JP¥95.41 (up from JP¥77.65 in FY 2024). Revenue: JP¥30.0b (up 25% from FY 2024). Net income: JP¥1.82b (up 24% from FY 2024). Profit margin: 6.1% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. New Risk • May 16
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 Japanese stocks, typically moving 7.4% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥2,016, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 16x in the Professional Services industry in Japan. Total returns to shareholders of 392% over the past three years. Announcement • May 15
COPRO-HOLDINGS. Co., Ltd., Annual General Meeting, Jun 20, 2025 COPRO-HOLDINGS. Co., Ltd., Annual General Meeting, Jun 20, 2025. Buy Or Sell Opportunity • Apr 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.9% to JP¥1,548. The fair value is estimated to be JP¥1,940, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 27%. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥1,336, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 14x in the Professional Services industry in Japan. Total returns to shareholders of 200% over the past three years. Buy Or Sell Opportunity • Apr 04
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to JP¥1,485. The fair value is estimated to be JP¥1,915, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 27%. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.1%). Announcement • Mar 01
COPRO-HOLDINGS. Co., Ltd. to Report Fiscal Year 2025 Results on May 15, 2025 COPRO-HOLDINGS. Co., Ltd. announced that they will report fiscal year 2025 results on May 15, 2025 Reported Earnings • Feb 16
Third quarter 2025 earnings released: EPS: JP¥30.37 (vs JP¥22.51 in 3Q 2024) Third quarter 2025 results: EPS: JP¥30.37 (up from JP¥22.51 in 3Q 2024). Revenue: JP¥7.80b (up 23% from 3Q 2024). Net income: JP¥577.0m (up 35% from 3Q 2024). Profit margin: 7.4% (up from 6.7% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 11
COPRO-HOLDINGS. Co., Ltd. to Report Q3, 2025 Results on Feb 14, 2025 COPRO-HOLDINGS. Co., Ltd. announced that they will report Q3, 2025 results on Feb 14, 2025 Declared Dividend • Dec 11
First half dividend of JP¥40.00 announced Shareholders will receive a dividend of JP¥40.00. Ex-date: 28th March 2025 Payment date: 24th June 2025 Dividend yield will be 3.5%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 25% per year over the past 5 years. However, payments have been volatile during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 19
Second quarter 2025 earnings released: EPS: JP¥27.97 (vs JP¥16.96 in 2Q 2024) Second quarter 2025 results: EPS: JP¥27.97 (up from JP¥16.96 in 2Q 2024). Revenue: JP¥7.36b (up 28% from 2Q 2024). Net income: JP¥532.0m (up 67% from 2Q 2024). Profit margin: 7.2% (up from 5.6% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Nov 14
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 Japanese stocks, typically moving 5.2% 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 (5.2% average weekly change). Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥1,701, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 17x in the Professional Services industry in Japan. Total returns to shareholders of 174% over the past three years. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.0%). Announcement • Aug 31
COPRO-HOLDINGS. Co., Ltd. to Report Q2, 2025 Results on Nov 13, 2024 COPRO-HOLDINGS. Co., Ltd. announced that they will report Q2, 2025 results on Nov 13, 2024 Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: JP¥13.77 (vs JP¥10.27 in 1Q 2024) First quarter 2025 results: EPS: JP¥13.77 (up from JP¥10.27 in 1Q 2024). Revenue: JP¥6.87b (up 27% from 1Q 2024). Net income: JP¥265.0m (up 39% from 1Q 2024). Profit margin: 3.9% (up from 3.5% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to JP¥1,298, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 16x in the Professional Services industry in Japan. Total returns to shareholders of 141% over the past three years. New Risk • Aug 02
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 Japanese stocks, typically moving 5.6% 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 (5.6% average weekly change). Shareholders have been diluted in the past year (3.7% increase in shares outstanding). Declared Dividend • Jul 11
Final dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 27th September 2024 Payment date: 9th December 2024 Dividend yield will be 3.1%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has increased by an average of 43% per year over the past 5 years. However, payments have been volatile during that time. Earnings per share has grown by 6.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 29
Full year 2024 earnings released: EPS: JP¥77.65 (vs JP¥46.51 in FY 2023) Full year 2024 results: EPS: JP¥77.65 (up from JP¥46.51 in FY 2023). Revenue: JP¥24.1b (up 28% from FY 2023). Net income: JP¥1.46b (up 69% from FY 2023). Profit margin: 6.1% (up from 4.6% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 15
COPRO-HOLDINGS. Co., Ltd. (TSE:7059) announces an Equity Buyback for 600,000 shares, representing 3.09% for ¥800 million. COPRO-HOLDINGS. Co., Ltd. (TSE:7059) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 3.09% of its issued share capital for ¥800 million. The purpose of the program is to implement agile capital policies in response to changes in the business environment and improve capital efficiency. The program is valid till August 31, 2024. As of June 14, 2024, the company had 19,409,358 shares issued (excluding treasury stock) and 590,642 shares in treasury. Reported Earnings • May 18
Full year 2024 earnings released: EPS: JP¥77.65 (vs JP¥46.51 in FY 2023) Full year 2024 results: EPS: JP¥77.65 (up from JP¥46.51 in FY 2023). Revenue: JP¥24.1b (up 28% from FY 2023). Net income: JP¥1.46b (up 69% from FY 2023). Profit margin: 6.1% (up from 4.6% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 17
COPRO-HOLDINGS. Co., Ltd., Annual General Meeting, Jun 21, 2024 COPRO-HOLDINGS. Co., Ltd., Annual General Meeting, Jun 21, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.1%). Announcement • Mar 15
Copro-Holdings. Co., Ltd. Announces the Commemorate Dividend for the Year Ending March 31, 2024 With regards to the year-end dividend forecast with March 31st, 2024, as the base date, it would like to announce that COPRO-HOLDINGS. Co., Ltd. resolved to make the following revision (dividend increase) at the Board of Directors meeting held on March 14, 2024. The company announced the Commemorate dividend JPY 5.00 per share for the year ending March 31, 2024. In addition to forecasting further business expansion in the next fiscal year based on the progress made in the current fiscal year, and confidently moving forward to exceed the performance targets of the Medium-Term Management Plan, in order to commemorate on March 19th, 2024 the 5th anniversary ofour listing on the stock exchange, and to express gratitude to shareholders for their continued support, it have decided to pay a commemorative dividend of JPY 5 per share as a year-end dividendfor FYE 2024. As a result, the year-end dividend is scheduled to be JPY 35 per share, including the ordinary dividend of JPY 30 yen. Announcement • Mar 02
COPRO-HOLDINGS. Co., Ltd. to Report Fiscal Year 2024 Results on May 14, 2024 COPRO-HOLDINGS. Co., Ltd. announced that they will report fiscal year 2024 results on May 14, 2024 Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥1,789, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 18x in the Professional Services industry in Japan. Total returns to shareholders of 183% over the past three years. New Risk • Feb 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.09% per year over the past 5 years. 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 (6.9% average weekly change). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Reported Earnings • Feb 17
Third quarter 2024 earnings released: EPS: JP¥22.51 (vs JP¥12.97 in 3Q 2023) Third quarter 2024 results: EPS: JP¥22.51 (up from JP¥12.97 in 3Q 2023). Revenue: JP¥6.36b (up 29% from 3Q 2023). Net income: JP¥426.0m (up 77% from 3Q 2023). Profit margin: 6.7% (up from 4.9% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 17
COPRO-HOLDINGS. Co., Ltd. to Report Q3, 2024 Results on Feb 14, 2024 COPRO-HOLDINGS. Co., Ltd. announced that they will report Q3, 2024 results on Feb 14, 2024 Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to JP¥1,514, the stock trades at a trailing P/E ratio of 25.9x. Average trailing P/E is 18x in the Professional Services industry in Japan. Total returns to shareholders of 125% over the past three years. Reported Earnings • Nov 18
Second quarter 2024 earnings released: EPS: JP¥3,154 (vs JP¥7.81 in 2Q 2023) Second quarter 2024 results: EPS: JP¥3,154 (up from JP¥7.81 in 2Q 2023). Revenue: JP¥5.73b (up 30% from 2Q 2023). Net income: JP¥319.0m (up 120% from 2Q 2023). Profit margin: 5.6% (up from 3.3% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 15
COPRO-HOLDINGS. Co., Ltd. Announces Interim Dividend for the Financial Year 2023, Effective Date December 8, 2023; Provides Dividend Guidance for the Full Year 2023 COPRO-HOLDINGS. Co., Ltd. announced interim dividend of JPY 30.00 per share for the financial year 2023. Effective date December 8, 2023.The company expected to pay dividend of JPY 30.00 per share for the year 2023. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,252, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 17x in the Professional Services industry in Japan. Total returns to shareholders of 75% over the past three years. New Risk • Oct 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.6% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.6% average weekly change). Earnings have declined by 4.1% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (104% cash payout ratio). Announcement • Sep 24
COPRO-HOLDINGS. Co., Ltd. to Report Q2, 2024 Results on Nov 14, 2023 COPRO-HOLDINGS. Co., Ltd. announced that they will report Q2, 2024 results on Nov 14, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥30.00 per share at 3.3% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 11 December 2023. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 3.3%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.3%). Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥2,457, the stock trades at a trailing P/E ratio of 24.8x. Average trailing P/E is 20x in the Professional Services industry in Japan. Total returns to shareholders of 90% over the past three years. New Risk • Aug 14
New major risk - Revenue and earnings growth Earnings have declined by 4.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.1% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (103% cash payout ratio). Share price has been volatile over the past 3 months (7.4% average weekly change). Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥20.53 (vs JP¥14.54 in 1Q 2023) First quarter 2024 results: EPS: JP¥20.53 (up from JP¥14.54 in 1Q 2023). Revenue: JP¥5.41b (up 27% from 1Q 2023). Net income: JP¥191.0m (up 42% from 1Q 2023). Profit margin: 3.5% (up from 3.2% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. New Risk • Jul 18
New major risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 7.5% 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 (7.5% average weekly change). Reported Earnings • Jun 28
Full year 2023 earnings released: EPS: JP¥93.02 (vs JP¥102 in FY 2022) Full year 2023 results: EPS: JP¥93.02 (down from JP¥102 in FY 2022). Revenue: JP¥18.8b (up 21% from FY 2022). Net income: JP¥864.0m (down 10% from FY 2022). Profit margin: 4.6% (down from 6.2% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Announcement • Jun 09
COPRO-HOLDINGS. Co., Ltd. to Report Q1, 2024 Results on Aug 10, 2023 COPRO-HOLDINGS. Co., Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥1,730, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 17x in the Professional Services industry in Japan. Total returns to shareholders of 87% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share at 3.0% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.4%). Buying Opportunity • Mar 16
Now 20% undervalued Over the last 90 days, the stock is up 24%. The fair value is estimated to be JP¥1,573, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has declined by 6.4%. Reported Earnings • Feb 16
Third quarter 2023 earnings released: EPS: JP¥25.94 (vs JP¥31.18 in 3Q 2022) Third quarter 2023 results: EPS: JP¥25.94 (down from JP¥31.18 in 3Q 2022). Revenue: JP¥4.91b (up 22% from 3Q 2022). Net income: JP¥241.0m (down 17% from 3Q 2022). Profit margin: 4.9% (down from 7.2% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 3% per year. Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. Independent Outside Director Masashi Fujimaki was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 15
COPRO-HOLDINGS. Co., Ltd. (TSE:7059) agreed to acquire COPRO VIETNAM CO., LTD. from COPRO GLOBALS PTE. LTD. for VND 2.394 billion. COPRO-HOLDINGS. Co., Ltd. (TSE:7059) agreed to acquire COPRO VIETNAM CO., LTD. from COPRO GLOBALS PTE. LTD. for VND 2.394 billion on December 13, 2022. The transaction is expected to close on February 13, 2023. Announcement • Dec 14
COPRO-HOLDINGS. Co., Ltd. to Report Q3, 2023 Results on Feb 13, 2023 COPRO-HOLDINGS. Co., Ltd. announced that they will report Q3, 2023 results on Feb 13, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥15.61 (vs JP¥18.23 in 2Q 2022) Second quarter 2023 results: EPS: JP¥15.61 (down from JP¥18.23 in 2Q 2022). Revenue: JP¥4.42b (up 15% from 2Q 2022). Net income: JP¥145.0m (down 17% from 2Q 2022). Profit margin: 3.3% (down from 4.5% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 8% per year. Announcement • Sep 22
COPRO-HOLDINGS. Co., Ltd. to Report Q2, 2023 Results on Nov 14, 2022 COPRO-HOLDINGS. Co., Ltd. announced that they will report Q2, 2023 results on Nov 14, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 09 December 2022. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.1%). Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥14.54 (vs JP¥16.11 in 1Q 2022) First quarter 2023 results: EPS: JP¥14.54 (down from JP¥16.11 in 1Q 2022). Revenue: JP¥4.25b (up 20% from 1Q 2022). Net income: JP¥135.0m (down 12% from 1Q 2022). Profit margin: 3.2% (down from 4.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Announcement • Jun 16
COPRO-HOLDINGS. Co., Ltd. to Report Q1, 2023 Results on Aug 10, 2022 COPRO-HOLDINGS. Co., Ltd. announced that they will report Q1, 2023 results on Aug 10, 2022 
