Yokogawa Bridge Holdings Corp. ( (JP:5911) ) has issued an update.
Yokogawa Bridge Holdings Corp. has revised its earnings forecast for the fiscal year ending March 31, 2025, reflecting a significant improvement in profits despite a slight decrease in net sales. The company attributes this to better-than-expected performance in its bridge business, including favorable design changes and settlements from large projects, as well as improved profits in its engineering business. Additionally, a decrease in retirement benefit liability due to higher discount rates contributed to the profit increase. The company anticipates record-high profits for the fiscal year, although a decrease is expected in the following year, with plans to continue increasing dividends.
More about Yokogawa Bridge Holdings Corp.
Yokogawa Bridge Holdings Corp. operates in the construction and engineering industry, focusing on bridge construction and related engineering services. The company is involved in civil engineering, architecture, machinery, and steel structure businesses, with a market focus on large-scale infrastructure projects.
YTD Price Performance: -7.91%
Average Trading Volume: 133,595
Technical Sentiment Signal: Hold
Current Market Cap: Yen97.98B
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