Bridge Consulting Group (9225) Q3 2025 earnings summary

Executive summary

• Transitioned to a group management structure, establishing Bridge Executive Search and focusing on specialized business units for growth.

• Revenue increased 7.5% year-over-year to ¥1,644 million for the nine months ended June 2025, driven by growth in the core CPA business.

• Operating income declined 23.6% year-over-year to ¥156 million, reflecting higher investments in personnel and development.

• Net income attributable to shareholders fell 24.9% year-over-year to ¥105 million.

• Announced a target of ¥10 billion in sales by FY2030, with concrete measures to expand the accountant platform and develop AI tools.

Financial highlights

• Gross profit rose to ¥882 million, up 6.1% year-over-year, but operating margin declined due to increased SG&A expenses.

• EPS for the period was ¥51.82, down from ¥69.59 in the prior year.

• Total assets at June 30, 2025, were ¥1,499 million, up from ¥1,476 million at the previous fiscal year-end.

• Net assets increased to ¥1,148 million, with an equity ratio of 76.6%.

• Full-year revenue forecast is ¥2,430 million, a 20.4% increase year-over-year; operating income forecast is ¥150 million.

Outlook and guidance

• Full-year guidance maintained, with continued investment in talent and platform development.

• Targeting ¥10 billion in sales by FY2030, aiming to double the professional database and client base.

• Plans to enhance AI tools, real working spaces, and resource-sharing databases for accountants.