The latest financial summary
Financial summary for Reporting Period 59 (FY01/21)
●The overall situation remains difficult, due to the impact of Covid-19.
●Although there is a need for advanced development, the size of the investment budget is uncertain.
Automobile industry: the CASE trend and gasoline-free vehicles (e.g., EVs, fuel cell vehicles) that respond to and the government’s decarbonization policy.
Semiconductor industry: Semiconductors (including manufacturing equipment) required for vehicle electrification, IoT, and the electronic devices needed for remote work, etc.
State of engineer dispatching business
●The unit price of engineers remained at the same level as last year.
●The number of operative personnel was higher than for the same period last year.
(Due to the expiration of contracts at the end of June, September, and December, the utilization rate was lower than for the same period last year, but the number of engineers was higher.)
●Total work man-hours were lower than for the same period last year.
State of outsourcing and consignment business
●Operating margin remained at the same level as last year.
Increased expenses: Placement of new graduate engineers and career engineers who joined the company in 2020 was slower than in previous years, with a progress of around 50% so far. Labor expenses for unplaced personnel are recorded as SG&A expenses.
Decreased expenses: Travel expenses and meeting expenses were lower, due to the promotion of remote work for all office staff. Recruiting and advertising expenses were also reduced.