COPRO-HOLDINGS Co., Ltd. (7059) AI Stock Analysis

• Market Cap: ¥42.43B
• Dividend Yield: 3.63%
• Average Volume (3M): 156.12K
• Price to Earnings (P/E): 20.9
• Beta (1Y): 0.94
• Revenue Growth: 20.52%
• EPS Growth: 11.81%
• Country: JP
• Employees: 4,189
• Sector: Industrials
• Sector Strength: 72
• Industry: Staffing & Employment Services
• EPS (TTM): 14.55
• Shares Outstanding: 40,000,000
• 10 Day Avg. Volume: 110,940
• 30 Day Avg. Volume: 156,123
• PEG Ratio: 0.74
• Price to Book (P/B): 3.69
• Price to Sales (P/S): 1.03
• P/FCF Ratio: 14.96
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 75 Outperform
• Price Target: ¥1,261.00 ▲(25.22% Upside)

The score is driven primarily by strong financial performance—especially the very low balance-sheet risk and solid returns—partly offset by margin compression and inconsistent operating cash conversion. Technicals are supportive but show overbought conditions, while valuation is reasonable with a moderate P/E and a solid dividend yield.

Positive Factors

Conservative Balance Sheet

Near-zero debt materially lowers refinancing and interest-rate risk, giving the company durable financial resilience. This conservative funding profile supports continued investment in staffing operations through cycles and preserves flexibility for acquisitions or countercyclical hiring.

Scaleable Revenue Growth

Sustained top-line expansion over several years signals durable market demand and successful customer acquisition in technical staffing. Larger scale improves pricing leverage on overhead and strengthens client relationships, underpinning steady long-term cash generation potential.

Strong Returns on Equity

High ROE indicates efficient use of shareholder capital and profitability above peers, reflecting effective staffing placement economics and margin management. Persistently strong ROE supports reinvestment capacity and signals durable operational competence.

Negative Factors

Margin Compression

Progressive margin erosion implies rising cost intensity or pricing pressure in staffing contracts. If structural, this reduces free cash flow conversion and reinvestment ability, forcing either efficiency gains or higher pricing power requirements to sustain returns.

Uneven Cash Conversion

Persistent OCF below reported earnings points to working-capital swings typical in staffing and introduces funding volatility. This weak cash conversion can strain liquidity during growth or downturns and raises reliance on careful working-capital management for durable funding.

Limited Leverage Upside

While low leverage reduces risk, it also limits return amplification in strong demand environments. Conservative capital structure may restrain accelerated share of wallet gains or larger strategic investments unless management chooses to add debt, constraining upside optionality.

COPRO-HOLDINGS Co., Ltd. Business Overview & Revenue Model

Company Description

COPRO-HOLDINGS. Co., Ltd., operates as a temporary staffing agency in Japan. It provides temporary staff, including construction and plant engineers, as well as training services. The company was incorporated in 2006 and is headquartered in Nagoya, Japan.

How the Company Makes Money

COPRO-HOLDINGS Co., Ltd. generates revenue primarily through its staffing services. The company earns money by dispatching skilled workers to client companies in sectors such as construction and manufacturing. It charges these client companies fees for providing them with qualified personnel, which can include temporary placements, project-based staffing, and other human resource solutions. Additionally, the company may have partnerships with various firms to expand its reach and enhance its service offerings, contributing to its overall revenue.

COPRO-HOLDINGS Co., Ltd. Financial Statement Overview

Summary

Overall financial quality is above average: strong revenue scale-up and healthy profitability, an exceptionally conservative balance sheet with essentially no debt and strong ROE. Offsetting factors are gradual margin compression over time and uneven cash conversion (operating cash flow often below net income) despite improved and positive free cash flow.

Income Statement

Revenue has scaled meaningfully over the period (from ~13.1B in 2020 to ~30.0B in 2025), with solid growth in 2023–2025, including 2025 at ~4.8%. Profitability is healthy for the sector with 2025 operating profitability around ~9.3% and net profitability ~6.1%. The key offset is margin compression over time—gross and operating profitability have trended down versus 2020 highs—suggesting higher cost intensity or pricing pressure as the business expands.

Balance Sheet

The balance sheet is conservatively positioned with essentially no debt in recent years (debt-to-equity at 0.0 in 2022–2025), which materially reduces financial risk and interest-rate sensitivity. Equity and total assets have grown steadily alongside the business, and returns on equity are strong (roughly ~18%–22% recently), indicating good efficiency in generating profit from shareholder capital. A minor limitation is that the absence of leverage can cap upside in strong cycles, but overall balance-sheet risk looks low.

Cash Flow

Free cash flow is positive and improved sharply in 2025 (to ~2.07B), and free cash flow is fairly close to net income in 2025 (about ~0.93x), which supports earnings quality. However, operating cash flow has been more volatile and has not consistently matched accounting earnings (operating cash flow relative to net income is ~0.50x in 2025 and generally below 1.0 across the period), pointing to working-capital swings typical in staffing and creating some cash conversion risk despite strong headline free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	31.44B	30.02B	24.10B	18.79B	15.59B	14.84B
Gross Profit	8.74B	8.31B	6.77B	5.58B	4.84B	4.30B
EBITDA	3.44B	3.25B	2.51B	1.57B	1.74B	1.53B
Net Income	1.94B	1.82B	1.46B	864.60M	962.95M	1.01B
Balance Sheet
Total Assets	12.26B	13.06B	12.15B	10.00B	8.84B	8.51B
Cash, Cash Equivalents and Short-Term Investments	5.16B	6.19B	5.95B	4.41B	4.06B	5.32B
Total Debt	0.00	0.00	0.00	0.00	0.00	89.02M
Total Liabilities	4.19B	4.66B	4.04B	2.88B	2.27B	2.24B
Stockholders Equity	8.07B	8.40B	8.12B	7.11B	6.58B	6.27B
Cash Flow
Free Cash Flow	150.70M	2.07B	1.91B	722.70M	519.35M	760.91M
Operating Cash Flow	168.66M	2.23B	2.33B	1.01B	824.77M	988.65M
Investing Cash Flow	-94.39M	-350.96M	-321.75M	-291.90M	-1.26B	-83.19M
Financing Cash Flow	-650.68M	-1.64B	-464.81M	-372.19M	-825.03M	-417.06M

COPRO-HOLDINGS Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1007.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7059, the sentiment is Positive. The current price of 1007 is below the 20-day moving average (MA) of 1075.20, above the 50-day MA of 993.04, and below the 200-day MA of 1015.65, indicating a neutral trend. The MACD of 30.48 indicates Positive momentum. The RSI at 52.88 is Neutral, neither overbought nor oversold. The STOCH value of 11.02 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:7059.

COPRO-HOLDINGS Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
4377	76 Outperform	¥44.01B	31.18	―	0.39%	41.23%	50.13%
7059	75 Outperform	¥42.43B	20.91	―	3.63%	20.52%	11.81%
2475	74 Outperform	¥31.64B	9.82	―	3.82%	1.22%	-5.35%
4318	72 Outperform	¥48.92B	12.46	―	3.61%	8.08%	-19.45%
2429	66 Neutral	¥45.23B	6.07	―	3.16%	15.79%	113.14%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
2471	52 Neutral	¥20.30B	13.94	―	3.76%	6.74%	7.56%

COPRO-HOLDINGS Co., Ltd. Corporate Events

COPRO-HOLDINGS to Voluntarily Adopt IFRS and Phase Out Japanese GAAP

COPRO-HOLDINGS Co., Ltd. will voluntarily switch from Japanese GAAP to International Financial Reporting Standards (IFRS) for its consolidated financial statements beginning with the annual securities report for the fiscal year ending March 2027, as part of a phased transition that will be completed by the fiscal year ending March 2028. The company expects the adoption of IFRS to enhance corporate value by improving the rigor of M&A-related goodwill and intangible asset assessments, increasing comparability for market participants, and boosting reported profits because goodwill will no longer be amortized, reducing expenses and potentially affecting how investors and other stakeholders evaluate its performance and acquisition strategy.

The most recent analyst rating on (JP:7059) stock is a Buy with a Yen1151.00 price target. To see the full list of analyst forecasts on COPRO-HOLDINGS Co., Ltd. stock, see the JP:7059 Stock Forecast page.

COPRO-HOLDINGS to Acquire TRYT Inc. and Expand Construction Technician Dispatch Business

COPRO-HOLDINGS has resolved to acquire all shares of TRYT Inc., which owns construction-focused staffing firm TRYT Engineering Inc., making TRYT a wholly owned subsidiary and turning both TRYT and TRYT Engineering into specified subsidiaries due to their capital size. By folding TRYT Engineering’s nationwide client base and digital recruitment strength—particularly its “Sekoukanri Job” site for experienced construction managers—into COPRO-HOLDINGS’ existing low-cost recruitment and retention-focused platform, the group aims to expand its footprint, secure a broader and higher-quality pool of dispatched technicians, and reinforce its ambition to become the dominant player in Japan’s construction technician dispatch market; the transaction will be structured through an absorption-type split that carves out non-construction dispatch businesses from TRYT before COPRO-HOLDINGS purchases all TRYT shares, with COPRO CEO Kosuke Kiyokawa slated to also lead TRYT Engineering afterward.

The most recent analyst rating on (JP:7059) stock is a Buy with a Yen1151.00 price target. To see the full list of analyst forecasts on COPRO-HOLDINGS Co., Ltd. stock, see the JP:7059 Stock Forecast page.

COPRO-HOLDINGS to Divest IT SES Business to Japaniace for ¥730 Million

COPRO-HOLDINGS has announced that its consolidated subsidiary COPRO TECHNOLOGY will transfer its System Engineering Service (SES) business, including the Bscareer IT recruitment website and IT engineer dispatch and quasi-mandate services, to Japaniace Co., Ltd. via an absorption-type company split effective March 27, 2026, for monetary consideration of ¥730 million. The move is part of a medium- to long-term restructuring strategy to concentrate management resources on COPRO’s core businesses in construction and engineering staffing amid a shrinking labor force, intensifying competition for IT engineers, and a divergence between the SES business and the group’s strategic focus, with Japaniace assuming related assets, liabilities, and contracts while COPRO aims to build a more robust and sustainable corporate structure.

The most recent analyst rating on (JP:7059) stock is a Buy with a Yen1151.00 price target. To see the full list of analyst forecasts on COPRO-HOLDINGS Co., Ltd. stock, see the JP:7059 Stock Forecast page.

COPRO-HOLDINGS Posts Higher Technical Headcount and Stable Utilization in December 2025

COPRO-HOLDINGS reported monthly figures for December 2025 showing that its group-wide pool of technical employees increased year-on-year to 5,422, with 5,026 in operation and a utilization rate of 92.7%, reflecting strong demand but a modest decline in utilization compared with the previous year. The core construction technician dispatching business continued to dominate scale with 4,904 engineers and a 92.4% utilization rate, slightly below year-ago efficiency, while the mechanical, electrical and semiconductor engineer segment expanded headcount and improved utilization to 95.1%, and the smaller IT engineer unit maintained very high utilization above 97% despite a year-on-year decline in staff numbers. Overall, the data indicate steady expansion of COPRO-HOLDINGS’ technical workforce and resilient operational deployment, with some pressure on utilization in construction offset by improving efficiency and growth in higher-value technology-related dispatch services, factors that are key for revenue generation and margin trends in its staffing model.

The most recent analyst rating on (JP:7059) stock is a Buy with a Yen1151.00 price target. To see the full list of analyst forecasts on COPRO-HOLDINGS Co., Ltd. stock, see the JP:7059 Stock Forecast page.

COPRO-HOLDINGS Reports Stable Growth in Technical Staffing for November 2025

COPRO-HOLDINGS Co., Ltd. reported its monthly disclosure for November 2025, highlighting a slight increase in the number of technical employees and those in operation, with a marginal improvement in the overall utilization rate. The data suggests stable growth in their staffing operations, particularly in the mechanical and electrical engineering sector, which saw a notable increase in utilization rate, indicating efficient deployment of resources.

COPRO-HOLDINGS Reports Workforce Growth and Improved Utilization Rates

COPRO-HOLDINGS Co., Ltd. reported an increase in the number of technical employees and those in operation as of October 2025, indicating growth in its workforce. The utilization rate showed a slight improvement from the previous month, suggesting better deployment of resources, which may positively impact the company’s operational efficiency and market competitiveness.

COPRO-HOLDINGS Announces Interim Dividend Amid Strategic Growth Plan

COPRO-HOLDINGS Co., Ltd. announced an interim dividend of 30 yen per share, effective December 10, 2025, reflecting a commitment to maintaining a consolidated dividend payout ratio of 50% or more as part of their ‘COPRO Group Build the Future 2027’ plan. This decision underscores the company’s strategy to ensure stable shareholder returns while pursuing profit growth through aggressive investments.

COPRO-HOLDINGS Reports Strong Growth in H1 FY2026

COPRO-HOLDINGS Co., Ltd. has released its financial results for the first half of the fiscal year ending March 31, 2026, showing significant growth in net sales and operating profit. The company reported a notable increase in the number of client requests for technicians, indicating strong demand in its core business areas. This growth reflects the company’s strategic positioning in the staffing industry and its ability to capitalize on market opportunities, potentially benefiting stakeholders through increased profitability and market expansion.

COPRO-HOLDINGS Reports Strong Financial Growth and Stock Split

COPRO-HOLDINGS Co., Ltd. reported a significant increase in its consolidated financial results for the six months ending September 30, 2025, with net sales rising by 19.3% and operating profit by 19.7% compared to the previous year. The company also conducted a two-for-one stock split on October 1, 2025, which is expected to impact future earnings per share calculations and dividend forecasts, indicating a positive outlook for stakeholders.