Kawagishi Bridge Works Co.,Ltd., Last Fiscal Year Ordinary Profit Revised Upward to an Unexpected 16% Increase

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Mon Oct 28, 2024 3:00 pm JST Revision

5921 Kawagishi Bridge Works Co.,Ltd. 【J-GAAP】

Guidance Update Report

Kawagishi Bridge Works Co.,Ltd. <5921> [TSE-S] announced a performance revision after the market closed on October 28th (15:00). The ordinary profit (non-consolidated) for the fiscal year ending September 2024 has been revised upward by 23.6%, from the previous forecast of 1.6 billion yen to 1.97 billion yen (compared to 1.7 billion yen in the previous period), turning to a 15.7% increase in the ordinary profit outlook.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the April to September period (second half) ordinary profit is expected to increase by 63.8%, from the previous forecast of 591 million yen to 968 million yen (compared to 732 million yen in the same period of the previous year), turning to a 32.2% increase in the ordinary profit outlook.

Kabutan News

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Prev	12,605	527	591	335	115.4	100	Apr 22, 2024	J-GAAP
Apr - Sep, 2024 New	13,671	836	968	704	238.8	100	Oct 28, 2024	J-GAAP
Revision Rate	+8.5%	+58.6%	+63.8%	+110.1%	+106.9%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Prev	26,500	1,360	1,600	1,100	378.9	100	Nov 14, 2023	J-GAAP
Sep, 2024 New	27,566	1,669	1,977	1,469	498.2	100	Oct 28, 2024	J-GAAP
Revision Rate	+4.0%	+22.7%	+23.6%	+33.5%	+31.5%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	12,847	581	732	496	169.4	100	Nov 14, 2023	J-GAAP
Apr - Sep, 2024 Guidance	13,671	836	968	704	238.8	100	Oct 28, 2024	J-GAAP
YoY	+6.4%	+43.9%	+32.2%	+41.9%	+41.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2022	22,049	1,242	1,466	951	328.6	80	Nov 14, 2022	J-GAAP
Sep, 2023	25,998	1,415	1,708	1,248	426.2	100	Nov 14, 2023	J-GAAP
Sep, 2024 Guidance	27,566	1,669	1,977	1,469	498.2	100	Oct 28, 2024	J-GAAP
YoY	+6.0%	+18.0%	+15.7%	+17.7%	+16.9%