Yokogawa Bridge Holdings (5911) Q1 2026 earnings summary

Executive summary

• Net sales for the three months ended June 30, 2025, were ¥33.45 billion, down 6.9% year-over-year, with operating profit at ¥1.12 billion, down 19.4% year-over-year, and profit attributable to owners of parent at ¥0.73 billion, down 42.9% year-over-year.

• Orders received totaled ¥38.26 billion, a 19.0% decrease year-over-year, with notable declines in bridge and engineering segments, but growth in engineered structure system and precision equipment.

• Segment reclassification was implemented, making the engineered structure system business an independent segment.

Financial highlights

• Gross profit for the quarter was ¥4.35 billion, nearly flat year-over-year, while operating profit fell to ¥1.12 billion from ¥1.39 billion.

• Ordinary profit dropped 22.0% year-over-year to ¥1.07 billion.

• Comprehensive income rose to ¥1.91 billion, up 79.8% year-over-year, driven by gains in valuation difference on available-for-sale securities.

• Basic earnings per share for the quarter were ¥18.30, down from ¥31.50 a year earlier.

Outlook and guidance

• Full-year net sales forecast for FY2026 is ¥162.0 billion (+1.7% year-over-year), with operating profit projected at ¥12.0 billion (-28.0% year-over-year) and profit attributable to owners of parent at ¥8.1 billion (-37.0% year-over-year).

• No changes to previously announced forecasts for the six months ending September 30, 2025, and the fiscal year ending March 31, 2026.

• Dividend forecast for FY2026 is ¥120 per share, up from ¥110 in the previous year.