Yokogawa Bridge Holdings (5911) Q1 2025 earnings summary

Executive summary

• Orders received reached a record-high ¥47.25 billion, up 64.4% year-over-year, driven by large bridge and civil engineering contracts and a recovery in precision equipment demand.

• Net sales for the quarter were ¥35.95 billion, down 10.2% year-over-year, with operating profit at ¥1.39 billion, down 61.1%, and profit attributable to owners at ¥1.28 billion, down 55.0%.

• Bridge business set a new sales record, while engineering business saw a significant decline in both sales and profit.

Financial highlights

• Gross profit fell to ¥4.37 billion from ¥6.34 billion year-over-year.

• Basic earnings per share dropped to ¥31.50 from ¥69.59 year-over-year.

• Total assets decreased to ¥206.6 billion from ¥210.8 billion at the previous fiscal year-end.

• Equity ratio improved to 59.8% from 59.0% sequentially.

Outlook and guidance

• No change to previously announced full-year guidance: net sales forecast at ¥170 billion (+3.6% year-over-year), operating profit at ¥15.5 billion (-2.8%), and profit attributable to owners at ¥11.7 billion (-1.3%).

• Improved performance expected in later quarters, especially in the bridge business.