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Kawagishi Bridge Works, 46% Decrease in Ordinary Profit for The Current Fiscal Year, Despite Last Fiscal Year's Dividend Increase, This Fiscal Year to Decrease Dividend

Fri Nov 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 November 14th (15:30). The ordinary profit (non-consolidated) for the fiscal year ended September 2025 increased by 8.5% from the previous period to 2.14 billion yen. However, for the fiscal year ending September 2026, the ordinary profit is expected to drop by 46.4% from the previous period to 1.15 billion yen.

At the same time, the company increased the annual dividend for the previous term from 140 yen to 160 yen (compared to 150 yen in the prior term), and has decided to reduce the dividend this fiscal year to 140 yen, a decrease of 20 yen from the previous fiscal year.

In the most recent three-month period, from July to September (4Q), the ordinary profit decreased to 0.26 billion yen, a 27.8% decrease compared to the same period last year. The operating profit margin worsened from 4.9% in the same period last year to 3.4%.

Kabutan News

Actual Performance and Financial Trends

Historical Performance
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj. Dividend Announce Accounting
Standards
Sep, 2023
25,998M 1,415M 1,708M 1,248M 426.2 100 Nov 14, 2023 J-GAAP
Sep, 2024
27,566M 1,669M 1,977M 1,469M 498.2 150 Nov 14, 2024 J-GAAP
Sep, 2025
24,219M 1,873M 2,145M 1,447M 521.1 160 Nov 14, 2025 J-GAAP
YoY -12.1% +12.2% +8.5% -1.5% +4.6%
Full Year Results vs. Previous Guidance
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Sep, 2025 Guidance 23,300M 1,670M 1,900M 1,270M 467.4 140 Jul 28, 2025 J-GAAP
Sep, 2025 Results 24,219M 1,873M 2,145M 1,447M 521.1 160 Nov 14, 2025 J-GAAP
Revision Rate +3.9% +12.2% +12.9% +13.9% +11.5%

Current Period Guidance

First Half Results
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Oct - Mar, 2024
11,764M 958M 1,089M 721M 254.7 0 May 14, 2025 J-GAAP
Guidance
Oct - Mar, 2025
11,000M 500M 600M 420M 152.6 0 Nov 14, 2025 J-GAAP
YoY -6.5% -47.8% -44.9% -41.7% -40.1%
Current Period Guidance
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Sep, 2024
27,566M 1,669M 1,977M 1,469M 498.2 150 Nov 14, 2024 J-GAAP
Sep, 2025
24,219M 1,873M 2,145M 1,447M 521.1 160 Nov 14, 2025 J-GAAP
Guidance
Sep, 2026
22,000M 1,000M 1,150M 800M 290.7 140 Nov 14, 2025 J-GAAP
YoY -9.2% -46.6% -46.4% -44.7% -44.2%

Quarterly Results

Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Operating
Profit Margin
Announce Accounting
Standards
Jul - Sep, 2024
6,608M 326M 371M 308M 104.5 4.9 Nov 14, 2024 J-GAAP
Oct - Dec, 2024
5,952M 524M 604M 424M 146.9 8.8 Jan 31, 2025 J-GAAP
Jan - Mar, 2025
5,812M 434M 485M 297M 104.9 7.5 May 14, 2025 J-GAAP
Apr - Jun, 2025
6,262M 704M 788M 542M 194.0 11.2 Jul 28, 2025 J-GAAP
Jul - Sep, 2025
6,193M 211M 268M 184M 66.3 3.4 Nov 14, 2025 J-GAAP
YoY -6.3% -35.3% -27.8% -40.3% -36.6%