Bridge Consulting Group (9225) Q3 2024 earnings summary

Executive summary

• Q3 FY2024 marks the first period of consolidated financial statements, so no year-over-year comparison is provided.

• The company expanded its professional sharing business, focusing on management consulting and professional staffing, with over 4,700 registered accountants as of June 2024.

• Service inquiries and client numbers increased, especially for IPO support and risk management, driven by ongoing labor shortages and business environment complexity.

• New subsidiary BridgeResourceStrategy was established in April 2024 to expand into HR and recruitment consulting.

Financial highlights

• Q3 FY2024 revenue: ¥1,529.6 million; operating income: ¥205.4 million; ordinary income: ¥205.5 million; net income attributable to owners: ¥140.8 million.

• Gross profit: ¥831.8 million; gross margin approximately 54.4%.

• EPS for Q3: ¥69.59.

• Total assets at Q3-end: ¥1,447.6 million; net assets: ¥1,033.7 million.

• No interim or annual dividend declared for FY2024.

Outlook and guidance

• FY2024 full-year forecast: revenue ¥2,013 million, operating income ¥230 million, ordinary income ¥230 million, net income attributable to owners ¥161 million, EPS ¥79.46.

• Guidance revised from previous forecast.