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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%.

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Actual Results

Historical Performance
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 24,219 1,873 2,145 1,447 521.1 160 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 23,300 1,670 1,900 1,270 467.4 140 Jul 28, 2025 J-GAAP
Sep, 2025 Results 24,219 1,873 2,145 1,447 521.1 160 Nov 14, 2025 J-GAAP
Revision Rate +3.9% +12.2% +12.9% +13.9% +11.5%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 11,764 958 1,089 721 254.7 0 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 11,000 500 600 420 153.1 0 Nov 14, 2025 J-GAAP
YoY -6.5% -47.8% -44.9% -41.7% -39.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep, 2024 27,566 1,669 1,977 1,469 498.2 150 Nov 14, 2024 J-GAAP
Sep, 2025 24,219 1,873 2,145 1,447 521.1 160 Nov 14, 2025 J-GAAP
Sep, 2026 Guidance 22,000 1,000 1,150 800 291.6 140 Nov 14, 2025 J-GAAP
YoY -9.2% -46.6% -46.4% -44.7% -44.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Apr - Jun, 2025 6,262 704 788 542 194.0 11.2 Jul 28, 2025 J-GAAP
Jul - Sep, 2025 6,193 211 268 184 66.3 3.4 Nov 14, 2025 J-GAAP
YoY -6.3% -35.3% -27.8% -40.3% -36.6%

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