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Kawagishi Bridge Works, First Half Ordinary Profit Increases by 8%, Jan-Mar Ordinary Profit Increases by 53%

Wed May 14, 2025 3:30 pm JST Earnings

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

Earnings Report

Kawagishi Bridge Works Co.,Ltd. <5921> [TSE Std] announced its financial results after the market closed on May 14th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending September 2025 (October 2024 to March 2025) increased 7.9% from the same period last year, reaching 1.08 billion yen. The progress rate toward the full-year plan of 1.4 billion yen was 77.8%, also surpassing the five-year average of 57.7%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the April to September period (2H) is expected to significant drop 67.9% from the same period last year to 0.31 billion yen.

In the most recent three-month period, from January to March (2Q), the ordinary profit increased 52.5% from the same period last year, reaching 0.48 billion yen. The operating profit margin significantly improved from 3.4% in the same period last year to 7.5%.

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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
Oct - Mar, 2022 13,151 834 976 752 259.2 57.1 May 11, 2023 J-GAAP
Oct - Mar, 2023 13,895 833 1,009 765 257.3 51.0 May 13, 2024 J-GAAP
Oct - Mar, 2024 11,764 958 1,089 721 254.7 77.8 May 14, 2025 J-GAAP
YoY -15.3% +15.0% +7.9% -5.8% -1.0%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Guidance 11,764 958 1,089 711 261.8 0 Apr 25, 2025 J-GAAP
Oct - Mar, 2024 Results 11,764 958 1,089 721 254.7 0 May 14, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% +1.4% -2.7%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 13,671 836 968 704 238.8 150 Nov 14, 2024 J-GAAP
Apr - Sep, 2025 Guidance 15,236 242 311 279 102.7 105 May 14, 2025 J-GAAP
YoY +11.4% -71.1% -67.9% -60.4% -57.0%

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 1,000 368.0 105 Nov 14, 2024 J-GAAP
YoY -2.1% -28.1% -29.2% -31.9% -26.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Oct - Dec, 2024 5,952 524 604 424 146.9 8.8 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 5,812 434 485 297 104.9 7.5 May 14, 2025 J-GAAP
YoY -14.0% +89.5% +52.5% +37.5% +44.4%

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