Yokogawa Bridge Holdings (5911) Investor presentation summary

Revised FY2027 targets

• Net sales target maintained at ¥200.0bn; approximately ¥40bn in expected M&A-related sales is expected to offset weaker conditions in existing businesses.

• Operating profit target cut from ¥18.5bn to ¥16.0bn as weaker bridge-business earnings are expected to outweigh M&A profit contributions.

• ROE target revised from 10% or higher to 8% or higher; EPS target cut from ¥350 to ¥280.

Plan positioning and execution

• Seventh MTMP remains a “building a framework for growth” phase; long-term vision targets ¥300.0bn net sales by FY2030.

• Business strategies are progressing largely as planned, while a weaker-than-assumed business environment prompted the earnings-target revisions.

• Generative AI monthly active user rate exceeded 70%; Scope 1 and 2 CO2 reductions are progressing ahead of plan.

• Cash allocation increased growth investment through M&A; flexible buybacks and progressive dividends were implemented as planned.

Portfolio and business priorities

• Integration of the former Br. Holdings group combines steel and PC capabilities, broadening bridge construction and maintenance coverage, including deck replacement and earthquake-proofing.

• New steel bridge demand assumptions were reduced from 120,000 to ~100,000 tons annually; Osaka Bay Coastal Road Western Extension cable-stayed bridge orders shifted to FY2028 or later.

• Engineered structure systems are pursuing marketing-led sales, product differentiation and a stronger two-story building segment amid delayed factory and warehouse market recovery.

• Engineering is building opportunities in tunnels, power, offshore wind, ports and defense; semiconductor-related demand is supporting precision equipment growth and planned capacity investment above the initial plan.