Yokogawa Bridge Holdings (5911) Q4 2026 earnings summary

Executive summary

• Net sales declined 9.7% year-over-year to ¥143.88 billion, with operating profit down 19.0% to ¥13.5 billion and profit attributable to owners of parent down 32.5% to ¥8.68 billion.

• The acquisition of Br. Holdings Corporation as a consolidated subsidiary in March 2026 expanded business domains and is expected to generate synergies.

• Orders received totaled ¥156.37 billion, nearly flat year-over-year, while backlog of orders rose sharply to ¥261.99 billion, reflecting the Br. Holdings consolidation.

Financial highlights

• Operating profit margin decreased to 9.4% from 10.5% year-over-year.

• Basic earnings per share fell to ¥218.34 from ¥317.02 year-over-year.

• Equity ratio declined to 52.9% from 59.7% due to increased liabilities from the Br. Holdings acquisition.

• Cash and cash equivalents at year-end surged to ¥44.49 billion from ¥16.83 billion, driven by strong operating cash flow and financing activities.

Outlook and guidance

• FY2027 forecast: net sales ¥198.0 billion (+37.6% YoY), operating profit ¥12.0 billion (–11.1% YoY), profit attributable to owners of parent ¥8.2 billion (–5.6% YoY).

• Anticipates higher sales from Br. Holdings but lower operating profit due to sluggish bridge business and increased SG&A expenses.

• Annual dividend planned to increase to ¥130 per share, targeting a DOE of 3.5% or more.