Kawagishi Bridge Works Co.,Ltd., 29% Decrease in Ordinary Profit for The Current Fiscal Year, Despite Last Fiscal Year's Dividend Increase, This Fiscal Year to Decrease Dividend

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Thu Nov 14, 2024 4:00 pm JST Earnings

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

Earnings Report

Kawagishi Bridge Works Co.,Ltd. <5921> [TSE-S] announced its financial results after the market closed on November 14th (16:00). The ordinary profit (non-consolidated) for the fiscal year ending September 2024 increased by 15.7% from the previous period to 1.97 billion yen. However, for the fiscal year ending September 2025, the profit is expected to decrease by 29.2% from the previous period to 1.4 billion yen.

At the same time, the company increased the annual dividend for the previous term from 100 yen to 150 yen (compared to 100 yen in the prior term), and has decided to reduce the dividend this fiscal year to 105 yen, a decrease of 45 yen from the previous fiscal year.

In the most recent three-month period, from July to September (4Q), the ordinary profit decreased to 371 million yen, a 6.5% decrease compared to the same period last year. The operating profit margin worsened from 5.4% in the same period last year to 4.9%.

Kabutan News

Actual Results

Historical Performance

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	27,566	1,669	1,977	1,469	498.2	150	Nov 14, 2024	J-GAAP
YoY	+6.0%	+18.0%	+15.7%	+17.7%	+16.9%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2024 Guidance	27,566	1,669	1,977	1,469	498.2	100	Oct 28, 2024	J-GAAP
Sep, 2024 Results	27,566	1,669	1,977	1,469	498.2	150	Nov 14, 2024	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	0.0%	0.0%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	13,895	833	1,009	765	257.3	0	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	13,000	700	800	550	190.5	0	Nov 14, 2024	J-GAAP
YoY	-6.4%	-16.0%	-20.7%	-28.1%	-26.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep, 2023	25,998	1,415	1,708	1,248	426.2	100	Nov 14, 2023	J-GAAP
Sep, 2024	27,566	1,669	1,977	1,469	498.2	150	Nov 14, 2024	J-GAAP
Sep, 2025 Guidance	27,000	1,200	1,400	1,000	346.3	105	Nov 14, 2024	J-GAAP
YoY	-2.1%	-28.1%	-29.2%	-31.9%	-30.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	6,254	338	397	272	92.9	5.4	Nov 14, 2023	J-GAAP
Oct - Dec, 2023	7,139	604	691	549	184.4	8.5	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	6,756	229	318	216	72.6	3.4	May 13, 2024	J-GAAP
Apr - Jun, 2024	7,063	510	597	396	133.7	7.2	Jul 26, 2024	J-GAAP
Jul - Sep, 2024	6,608	326	371	308	104.5	4.9	Nov 14, 2024	J-GAAP
YoY	+5.7%	-3.6%	-6.5%	+13.2%	+12.5%