Recent Performance and Forecasts

Summary of financial results

FY2024

(million yen)

	FY2023	FY2024	YoY changes
Revenue	17,994	21,608	+20.1%
Operating profit	2,469	3,110	+26.0%
Profit before tax	2,475	3,059	+23.6%
Profit	1,741	2,187	+25.6%
Profit attributable to owners of parent	1,741	2,187	+25.6%
Total comprehensive income	1,748	2,169	+24.0%

In the fiscal year ending October 2024, our group’s consolidated sales revenue for the period was 21,608,643 thousand yen (an increase of 20.1% compared to the previous consolidated fiscal year) due to an increase in the number of total engineers and active engineers in both the construction and IT solutions businesses, as well as an increase in the unit price of engineers’ contracts. Operating profit amounted to 3,110,968 thousand yen (up 26.0% year on year) despite an increase in selling, general, and administrative expenses due to higher personnel expenses from an increase in sales and recruitment staff, as the increase in revenue had a significant positive impact. Profit before tax was 3,059,596 thousand yen (up 23.6%), and profit attributable to owners of parent was 2,187,881 thousand yen (up 25.6%), both on a year-on-year basis.

Financial forecast for the fiscal year ending October 2025 (announced December 13, 2024)

	FY2024	FY2025
Revenue (million yen)	21,608	25,650
Gross profit (million yen)	5,940	6,860
Operating profit(million yen)	3,110	3,310
Profit before tax(million yen)	3,059	3,220
Profit attributable to owners of parent(million yen)	2,187	2,330
Basic earnings per share (yen)	255.16	267.15

The fiscal year ending October 31, 2025 will be a period to lay the foundation for realizing medium-term growth. We will promote initiatives to support the development of engineers and reduce the turnover rate, and work to improve the efficiency and sophistication of business processes in order to realize sustainable growth. In addition, the Company will formulate a medium-term management plan based on the Group’s vision, trends in the external environment, business risks, and other factors.

Based on these initiatives, the Group’s consolidated operating results for the fiscal year ending October 31, 2025 will be as follows: revenue increases by 18.7% to 25,650 million yen, operating profit increases by 6.4% to 3,310 million yen, and profit before tax increases by 5.2% to 3,220 million yen, the profit attributable to owners of the parent increases by 6.5% to 2,330 million yen, all on a year-on-year basis.