Message from CEO
We have drawn up and announced our five-year medium-term management plan "COPRO Group Build the Future 2027" (FYE2023 - FYE2027) on May 13th, 2022, with the aim of further growth and improvement in our corporate value.
Our core business, the construction and plant technician temporary staff dispatching market, is a very promising market with our estimation of the average annual growth rate at 8.8%. Compared to other industries, the aging of workers in the Japanese construction industry is significant, and there are not enough younger human resources to make up for it. We expect that the outsourcing ratio will continue to increase, especially for general contractors. However, there are also challenges. That is, the human resource service industry has become commodified, and it is difficult to differentiate from others.
In order for us to continue to grow, we must establish our unique superiority, and become the company of choice for both engineers and client companies. The question is, how can we please engineers, and get support from client companies? We believe that the answer lies in “human resources”. For our company, which operates human resource services, human capital can be said to be the basis of our corporate value formation. Growth depends on the ability to secure excellent engineers and technicians. Increasing their value as engineers and technicians leads to the value proposition for client companies as well as for engineers themselves.
Through the medium-term management plan, we have set up an “Technician Support Platform” as what the COPRO Group is aiming to be. Until now, the career path formation of temporary staff engineers and technicians was largely left to the initiative of the engineers themselves. Training and teaching materials were only prepared as options. With the "Technician Support Platform", we will actively support temporary staff technicians to discover more potential career paths. To that end, we plan to develop a career path formation system from scratch by renewing our training system and launching new matching methods so that even new graduates and inexperienced people can walk the path as technicians with confidence. As a result, we will be able to stably assign excellent engineers to client companies, which will contribute to the creation of our unique value proposition with an increase in customer satisfaction as well as earnings expansion.
Among the criteria for maintaining a listing on the Tokyo Stock Exchange Prime Market, the only criterion that our company has not met is a market capitalization of outstanding shares of ¥10 billion or more. By steadily achieving our annual performance plan, investors will recognize the probability for us to achieve sales of ¥40 billion and non-GAAP operating profit of ¥5 billion by 2027, which is the performance targets set in the medium-term management plan. Accordingly, we are confident that the stock price valuation will be revised, and that we will be able to meet the market capitalization criteria.
We would like to be professionals who create a better future for technicians.
We look forward to the continued support and expectations of our stakeholders.
