Q3 2022 TechnoPro Holdings Inc Earnings Presentation Transcript

Apr 28, 2022 / NTS GMT
Presentation
Apr 28, 2022 / NTS GMT

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Corporate Participants
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* Toshihiro Hagiwara
TechnoPro Holdings, Inc. - MD & CFO

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Toshihiro Hagiwara - TechnoPro Holdings, Inc. - MD & CFO

I am Hagiwara, CFO of TechnoPro Holdings. Thank you for coming today. The situation in Ukraine has increased the geopolitical risks, pushing up energy and crop prices and continuing inflation. There's also a concern for a global recession.

As for our company, a huge number of contracts were renewed in March, and many new graduates joined in April, and we haven't seen any impact on our business so far. Judging from the situation of our customers who started the new fiscal year in April, they seem to have secured their R&D budget as planned to increase their competitiveness looking forward post-COVID. The renewal ratio of contracts in March was 90.5%, lending at almost the same level as the last year. We also gained charge-up as expected.

In addition, against the backdrop of strong demand, there

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