Komori
Earnings5921Kawagishi Bridge Works Co.,Ltd.Construction and Materials

Second quarter (interim period) earnings report for the fiscal year ending September 2026 [Japanese GAAP] (non-consolidated)

For the interim period of the fiscal year ending September 2026, revenue increased 8.8% year on year due to the completion of a major construction project, while operating profit declined 49.1% due to lower factory processing utilization. The full-year earnings forecast is unchanged, but the annual dividend forecast has been reduced from the previous fiscal year's actual dividend of ¥160 to ¥140.

Worth reading
52Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
-49.1
Year-on-year change in operating profit (%)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 October 2025–31 March 2026Non-consolidated (standalone)Japanese GAAP
Net Sales12,799¥ millionYear on year +8.8%Progress 58.2%
Operating profit487¥ millionYear on year -49.1%Progress 48.7%
Ordinary income584¥ millionYear on year -46.4%Progress 50.8%
Net income attributable to owners of the parent401¥ millionYear on year -44.3%Progress 50.1%

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share¥146.21
Financial position at period-end
Total assets36,034¥ million
of which net assets 29,507 ¥ millionEquity ratio 81.9%vs. prior year-end -0.9pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Cash inflows and outflows
Operating+527,710
Investment-319,823
Financials-436,243
Net change-228,356

Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ thousand).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.

Cash and cash equivalents at end of period¥2,938,121 thousand
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥22,000 million (YoY -9.2%)
Operating profit¥1,000 million (YoY -46.6%)
Ordinary income¥1,150 million (YoY -46.4%)
Net income¥800 million (YoY -44.7%)
Annual Dividend Forecast¥160.00 → ¥140.00(-12.5%)
Factors Behind Changes in Business Performance

Revenue increased 8.8% year on year as a result of recognizing the completion of a major construction project. Although revenue grew, operating profit, ordinary profit and interim net income declined due to the impact of lower factory processing utilization.

Disclosure regarding the going concern assumption

No applicable matters

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Material subsequent eventsNo applicable matters.
Breakdown of extraordinary income (loss)Extraordinary income: None; extraordinary losses: None
Depreciation and amortization¥272,878 thousand
Orders received and order backlogOrders received ¥13,069,371 thousand / Order backlog ¥32,742,740 thousand
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNone (対象者:Not applicable)
Issued Shares at Period-End3,000,000 underlying shares
Treasury Shares at Period-End247,459 shares
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedNon-consolidated (standalone)
Period Covered1 October 2025–31 March 2026
Net Sales¥12,799 million (YoY +8.8%)
Operating profit¥487 million (YoY -49.1%)
Ordinary income¥584 million (YoY -46.4%)
Profit attributable to owners of the parent¥401 million (YoY -44.3%)
Net income per share¥146.21
Equity ratioEnd of the current fiscal period 81.9% / End of previous period 82.8%
Total assets¥36,034 million
Net assets¥29,507 million
Cash flows from operating activities¥527,710 thousand
Cash flows from investing activities¥-319,823 thousand
Cash flows from financing activities¥-436,243 thousand
Cash and cash equivalents at end of period¥2,938,121 thousand
Full-year earnings forecastNet Sales ¥22,000 million (YoY -9.2%) / Operating profit ¥1,000 million (YoY -46.6%) / Ordinary income ¥1,150 million (YoY -46.4%) / Net income ¥800 million (YoY -44.7%)
Annual Dividend Forecast¥160.00 → ¥140.00(-12.5%)
Orders received and order backlogOrders received ¥13,069,371 thousand / Order backlog ¥32,742,740 thousand
Depreciation and amortization¥272,878 thousand
Breakdown of extraordinary income (loss)Extraordinary income: None; extraordinary losses: None
Disclosure regarding the going concern assumptionNo applicable matters
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Material subsequent eventsNo applicable matters.
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNone (対象者:Not applicable)
Issued Shares at Period-End3,000,000 underlying shares
Treasury Shares at Period-End247,459 shares
Factors Behind Changes in Business PerformanceRevenue increased 8.8% year on year as a result of recognizing the completion of a major construction project. Although revenue grew, operating profit, ordinary profit and interim net income declined due to the impact of lower factory processing utilization.
Items this document does not state (9)
Operating MarginRevision to Earnings ForecastPayout ratioShareholder Return PolicySegment revenueSegment profitRegional salesImpairment lossChanges in the scope of consolidation

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Revenue increased as a result of recognizing the completion of a major construction project. Although revenue grew, profit was affected by lower factory processing utilization. In addition, the challenging business environment has continued, with persistently high material prices, logistics costs and labor costs, labor shortages, and customers holding back on orders.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Second quarter (interim period) earnings report for the fiscal year ending September 2026 [Japanese GAAP] (non-consolidated) | Kawagishi Bridge Works Co.,Ltd. (5921) timely disclosure | Komori