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Yokogawa Bridge, The Current Fiscal Year Ordinary Profit Revised Downward by 7%

Wed Jan 29, 2025 3:30 pm JST Earnings

5911 Yokogawa Bridge Holdings Corp. 【J-GAAP】

Earnings Report

Yokogawa Bridge Holdings Corp. <5911> [TSE Prime] announced its financial results after the market closed on January 29th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 37.2% from the same period last year to 8 billion yen.

In addition, the full-year consolidated ordinary profit has decreased 6.6%, from the previous forecast of 13.6 billion yen to 12.7 billion yen (compared to 15.8 billion yen in the previous period), leading to an increase in the profit decline rate from 14.2% to 19.9%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) has decreased 9.0%, from the previous forecast of 10 billion yen to 9.1 billion yen (compared to 8.38 billion yen in the same period of the previous year), leading to a reduction in the profit growth rate from 19.4% to 8.7%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 4.4 billion yen, a 16.3% decrease compared to the same period last year. The operating profit margin decreased from 12.6% in the same period last year to 10.0%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 119,303 8,957 9,208 6,709 162.9 59.6 Jan 30, 2023 J-GAAP
Apr - Dec, 2023 125,192 12,712 12,745 9,794 240.2 80.4 Jan 29, 2024 J-GAAP
Apr - Dec, 2024 115,264 8,220 8,000 6,708 164.9 63.0 Jan 29, 2025 J-GAAP
YoY -7.9% -35.3% -37.2% -31.5% -31.3%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 92,068 10,005 10,008 6,968 174.3 55 Oct 29, 2024 J-GAAP
Oct - Mar, 2024 New 87,068 9,005 9,108 6,468 161.8 55 Jan 29, 2025 J-GAAP
Revision Rate -5.4% -10.0% -9.0% -7.2% -7.2%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 165,000 14,000 13,600 10,500 262.6 110 Oct 29, 2024 J-GAAP
Mar, 2025 New 160,000 13,000 12,700 10,000 250.1 110 Jan 29, 2025 J-GAAP
Revision Rate -3.0% -7.1% -6.6% -4.8% -4.8%

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 87,068 9,005 9,108 6,468 161.8 55 Jan 29, 2025 J-GAAP
YoY +6.5% +4.3% +8.7% +7.8% +9.8%

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 160,000 13,000 12,700 10,000 250.1 110 Jan 29, 2025 J-GAAP
YoY -2.5% -18.5% -19.9% -15.6% -14.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Oct - Dec, 2024 42,332 4,225 4,408 3,176 78.1 10.0 Jan 29, 2025 J-GAAP
YoY -1.3% -21.7% -16.3% -19.4% -19.2%

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