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Yokogawa Bridge Holdings Corp., The Current Fiscal Year Ordinary Profit Revised Downward by 12%

Tue Oct 29, 2024 3:00 pm JST Earnings

5911 Yokogawa Bridge Holdings Corp. 【J-GAAP】

Earnings Report

Yokogawa Bridge Holdings Corp. <5911> [TSE-P] announced its financial results after the market closed on October 29th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 52.0% from the same period last year to 3.59 billion yen.

In addition, the full-year consolidated ordinary profit has downwardly by 11.7%, from the previous forecast of 15.4 billion yen to 13.6 billion yen (compared to 15.8 billion yen in the previous period), leading to an increase in the profit decline rate from 2.9% to 14.2%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 19.4% from the same period last year, reaching 10 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 2.21 billion yen, a 40.6% decrease compared to the same period last year. The operating profit margin worsened from 8.9% in the same period last year to 7.1%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2022 75,984 3,918 4,207 3,426 83.0 27.2 Oct 31, 2022 J-GAAP
Apr - Sep, 2023 82,306 7,316 7,477 5,855 143.3 47.2 Oct 30, 2023 J-GAAP
Apr - Sep, 2024 72,932 3,995 3,592 3,532 86.8 26.4 Oct 29, 2024 J-GAAP
YoY -11.4% -45.4% -52.0% -39.7% -39.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance 72,900 3,900 3,500 3,500 86.0 55 Oct 23, 2024 J-GAAP
Apr - Sep, 2024 Results 72,932 3,995 3,592 3,532 86.8 55 Oct 29, 2024 J-GAAP
Revision Rate +0.0% +2.4% +2.6% +0.9% +1.0%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 170,000 15,500 15,400 11,700 292.7 110 May 13, 2024 J-GAAP
Mar, 2025 New 165,000 14,000 13,600 10,500 262.6 110 Oct 29, 2024 J-GAAP
Revision Rate -2.9% -9.7% -11.7% -10.3% -10.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 81,770 8,630 8,380 5,999 147.4 50 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 92,068 10,005 10,008 6,968 174.3 55 Oct 29, 2024 J-GAAP
YoY +12.6% +15.9% +19.4% +16.2% +18.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 164,968 15,218 15,452 11,243 273.4 85 May 15, 2023 J-GAAP
Mar, 2024 164,076 15,946 15,857 11,854 291.2 95 May 13, 2024 J-GAAP
Mar, 2025 Guidance 165,000 14,000 13,600 10,500 262.6 110 Oct 29, 2024 J-GAAP
YoY +0.6% -12.2% -14.2% -11.4% -9.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 42,279 3,751 3,729 3,009 73.6 8.9 Oct 30, 2023 J-GAAP
Oct - Dec, 2023 42,886 5,396 5,268 3,939 96.6 12.6 Jan 29, 2024 J-GAAP
Jan - Mar, 2024 38,884 3,234 3,112 2,060 50.6 8.3 May 13, 2024 J-GAAP
Apr - Jun, 2024 35,948 1,386 1,376 1,282 31.5 3.9 Jul 29, 2024 J-GAAP
Jul - Sep, 2024 36,984 2,609 2,216 2,250 55.3 7.1 Oct 29, 2024 J-GAAP
YoY -12.5% -30.4% -40.6% -25.2% -24.9%

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