Q1 2024 TechnoPro Holdings Inc Earnings Presentation Transcript

Oct 31, 2023 / NTS GMT

Release Date Price: $19.94 (-2.92%)

Transcript

Toshihiro Hagiwara

TechnoPro Holdings, Inc. - MD, CFO & Director

I am Hagiwara, CFO of TechnoPro Holdings. Thank you for your time today.

The HR services sector is thought to be more susceptible to economic swings. Our stock price has recently been on a downward trend, while the business environment in engineered staffing and solution offerings in Japan continues to be favorable. In our previous full year financial results briefing and subsequent IR activities, we've communicated that operating profit for the first quarter of this fiscal year is expected to be lower than the previous year, and that this year's earnings growth will be weighted heavily in the second half.

On the contrary, we were able to keep the decrease in profit for the first quarter smaller than expected. Considering our manufacturing customers with significant exposure to

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