Bridge Consulting Group (9225) Q2 2025 earnings summary

Executive summary

• Achieved 20%+ annual growth in IPO support, with cumulative 106 IPOs supported and a 20.9% market share in 2024.

• Launched Bridge Executive Search and restructured into a group management system, reorganizing business segments to focus on specialized areas.

• Expanded services with "会計士プレミアム" for certified public accountants, targeting listed companies.

• Formed strategic alliances and capital partnerships to enhance IPO/M&A support and broaden client solutions.

• The economic environment showed moderate recovery, but uncertainties remain due to inflation and geopolitical risks.

Financial highlights

• Revenue for 2025/9 2Q cumulative: ¥1,107M, up 15.65% year-over-year; full-year forecast: ¥2,430M.

• Gross profit: ¥597M (up 15.97% YoY); gross margin stable at 53.98%.

• Operating income: ¥115M (up 7.08% YoY); operating margin 10.42% (down 0.83pt YoY).

• Net income attributable to parent: ¥78M (up 6.35% YoY); full-year forecast: ¥105M.

• Total assets at March 31, 2025, were ¥1,506M; net assets increased to ¥1,137M, equity ratio 75.5%.

Outlook and guidance

• FY2025/9 full-year revenue forecast: ¥2,430M (+20.43% YoY); gross profit: ¥1,314M (+20.65% YoY).

• Operating income forecast: ¥150M (down 35.12% YoY) due to increased investment in hiring and platform development.

• Net income forecast: ¥105M, down 38% YoY.

• No revision to previously announced full-year guidance.

• Strategic investments planned: ¥76M for talent acquisition, ¥52M for platform development.