Yokogawa Bridge Holdings Corp. (5911) AI Stock Analysis

• Market Cap: ¥116.84B
• Dividend Yield: 3.81%
• Average Volume (3M): 89.39K
• Price to Earnings (P/E): 10.4
• Beta (1Y): 0.61
• Revenue Growth: 0.82%
• EPS Growth: 30.84%
• Country: JP
• Employees: 2,043
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 73.01
• Shares Outstanding: 43,164,803
• 10 Day Avg. Volume: 73,290
• 30 Day Avg. Volume: 89,386
• PEG Ratio: 0.89
• Price to Book (P/B): 0.79
• Price to Sales (P/S): 0.64
• P/FCF Ratio: -18.90
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 249.2
• Revenue Forecast (FY): ¥155.60B

• Rating: 79 Outperform
• Price Target: ¥3,698.00 ▲(22.25% Upside)
• Action: Reiterated Date: 10/23/25
• Date: Action: Reiterated 10/23/25

Yokogawa Bridge Holdings Corp. scores well due to its strong financial performance and attractive valuation. The technical analysis supports a bullish outlook, with positive price trends and momentum indicators. However, concerns about cash flow management slightly temper the overall score.

Positive Factors

Balance sheet strength

A conservative capital structure and high equity ratio provide durable financial flexibility for multi-year infrastructure projects. Low leverage reduces refinancing and covenant risks, supporting the company’s ability to invest in fabrication capacity and withstand cyclical downturns in construction demand.

Integrated bridge services

End-to-end capabilities across design, fabrication, erection and maintenance create a competitive moat by capturing more project margin and enabling bundled contracts. This vertical integration supports recurring maintenance revenue and reduces dependence on third-party fabricators over the medium term.

Profitability and margins

Sustained gross and improving net margins indicate durable cost control and pricing power on projects. Strong margins support internal reinvestment and resilience to steel cost swings, helping the firm maintain returns even if top-line growth is uneven.

Negative Factors

Negative free cash flow

Ongoing negative free cash flow signals difficulty converting accounting profits into cash, which can constrain capex, working-capital needs and dividend sustainability. Over several quarters this undermines liquidity buffers and forces reliance on external funding or asset sales.

Weak revenue trend

A modest yet persistent revenue decline highlights exposure to project volume variability and competitive pressures. If top-line stagnation continues, margin improvements may be insufficient to grow absolute earnings and limit scale benefits for fabrication throughput.

Public spending and bidding exposure

Heavy reliance on public-works cycles and tender outcomes creates structural demand volatility and margin pressure. Prolonged shifts in government budgets or more aggressive bidding dynamics could reduce contract wins and compress long-term revenue visibility.

Yokogawa Bridge Holdings Corp. Business Overview & Revenue Model

Company Description

Yokogawa Bridge Holdings Corp. constructs steel bridge projects in Japan and internationally. The company designs, fabricates, and erects steel bridge projects; and maintains, repairs, and retrofits existing structures. It is also involved in the supply of structural steel buildings for factories, storehouses, shops, and sports facilities; fabrication of port and offshore structures; and construction of high-rise buildings and dome-type sports stadiums based on bridge erection technology. In addition, the company supplies metal frames for use in the production of semiconductors and LED panels; provides software for the total design system for steel bridges and simulation systems for the erection of steel structures, etc.; and researches and develops anti-seismic devices. The company was founded in 1907 and is based in Tokyo, Japan.

How the Company Makes Money

Yokogawa Bridge Holdings Corp. generates revenue through several key streams primarily focused on civil engineering and construction projects. The company earns income from contracts for the design and construction of bridges, tunnels, and other infrastructure. This includes both public sector projects, often funded by government contracts, and private sector initiatives. Additionally, the company may receive revenue from maintenance services for existing structures, as well as consulting services related to engineering and project management. Strategic partnerships with local governments and private entities further enhance its project pipeline, contributing significantly to its earnings. The company's ability to secure large-scale contracts and its reputation for quality and reliability are crucial factors in its revenue generation.

Yokogawa Bridge Holdings Corp. Financial Statement Overview

Summary

Yokogawa Bridge Holdings Corp. has a strong financial foundation with robust profitability and a healthy balance sheet. However, cash flow management is a concern due to negative free cash flow, impacting liquidity. The company's resilience in profitability and asset management offers a positive outlook, but attention to cash flow strategies is essential for sustained growth.

Income Statement

Yokogawa Bridge Holdings Corp. has shown a stable revenue trend with a slight decrease in 2025 compared to 2024. The gross profit margin remains healthy, indicating efficient cost management. The net profit margin improved slightly, reflecting better profitability. While EBIT and EBITDA margins are strong, the revenue growth rate has been inconsistent, with a decline in 2025.

Balance Sheet

The company maintains a solid balance sheet with a low debt-to-equity ratio, suggesting conservative leverage. Return on Equity (ROE) is robust, showcasing effective use of equity. The equity ratio is high, indicating financial stability and a strong asset base, reducing potential risks from liabilities.

Cash Flow

Yokogawa Bridge Holdings Corp. faces challenges in cash flow management, as evidenced by negative free cash flow. The operating cash flow to net income ratio is negative, signaling issues in converting income to cash. However, the free cash flow to net income ratio has shown some improvement, though still negative, indicating potential for future cash flow stabilization.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	156.87B	159.37B	164.08B	164.97B	136.93B	136.09B
Gross Profit	28.32B	28.35B	26.83B	25.47B	24.19B	24.80B
EBITDA	21.91B	22.56B	19.78B	20.52B	18.42B	20.07B
Net Income	12.31B	12.86B	11.85B	11.24B	11.04B	11.29B
Balance Sheet
Total Assets	210.30B	216.18B	210.85B	194.46B	172.55B	169.69B
Cash, Cash Equivalents and Short-Term Investments	22.54B	16.83B	24.99B	25.14B	23.46B	19.60B
Total Debt	33.50B	34.50B	28.50B	21.44B	9.42B	16.59B
Total Liabilities	81.42B	87.09B	82.82B	76.80B	61.76B	65.75B
Stockholders Equity	128.88B	129.09B	124.41B	114.30B	107.78B	101.13B
Cash Flow
Free Cash Flow	0.00	-5.39B	-5.99B	-8.13B	12.17B	-6.26B
Operating Cash Flow	0.00	-2.17B	-1.64B	-4.35B	17.07B	195.00M
Investing Cash Flow	0.00	-1.98B	-972.00M	-1.84B	-3.47B	-5.99B
Financing Cash Flow	0.00	-3.70B	2.52B	7.85B	-9.78B	2.62B

Yokogawa Bridge Holdings Corp. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3025.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5911, the sentiment is Negative. The current price of 3025 is below the 20-day moving average (MA) of 3115.65, below the 50-day MA of 3134.66, and above the 200-day MA of 2836.69, indicating a neutral trend. The MACD of -33.65 indicates Positive momentum. The RSI at 39.39 is Neutral, neither overbought nor oversold. The STOCH value of 43.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:5911.

Yokogawa Bridge Holdings Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
5911	79 Outperform	¥116.84B	10.36	―	3.81%	0.82%	30.84%
256A	77 Outperform	¥42.40B	6.66	―	3.88%	4.11%	28.37%
1835	76 Outperform	¥183.49B	10.32	―	3.44%	11.25%	36.92%
1871	75 Outperform	¥133.79B	8.40	―	3.13%	5.39%	33.02%
5918	70 Outperform	¥15.87B	6.90	―	1.39%	2.98%	11.88%
1720	68 Neutral	¥152.84B	9.00	―	2.89%	20.38%	128.85%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Yokogawa Bridge Holdings Corp. Corporate Events

Yokogawa Bridge Holdings Launches Tender Offer to Fully Acquire Br.Holdings

Yokogawa Bridge Holdings Corp. has resolved at its board meeting on February 4, 2026, to launch a tender offer for all common shares and share options of Br.Holdings Corporation, which is also listed on the TSE Prime Market, with the aim of making Br.Holdings a wholly owned subsidiary. The tender offer sets a minimum acceptance threshold equivalent to a 65.15% stake but no upper limit, reflecting Yokogawa Bridge Holdings’ intention to acquire all freely held shares and options; if the lower limit is not reached, no shares will be purchased. The move signals an aggressive step in corporate integration that could reshape group governance and consolidate control within the infrastructure and construction engineering space, with implications for existing shareholders of Br.Holdings depending on the tender’s final uptake and subsequent restructuring.

The most recent analyst rating on (JP:5911) stock is a Hold with a Yen3183.00 price target. To see the full list of analyst forecasts on Yokogawa Bridge Holdings Corp. stock, see the JP:5911 Stock Forecast page.

Yokogawa Bridge Holdings Unveils Major Leadership Reshuffle to Strengthen Management

Yokogawa Bridge Holdings Corp. has announced a broad reshuffle of its top management and board, appointing current President and Representative Director Kazuhiko Takata as Representative Director and Chairman, while promoting Senior Managing Executive Officer Yuzuru Nakamura to Representative Director, President and Executive Officer effective April 1, 2026, as part of efforts to strengthen its management structure. Additional executive moves include promotions within the executive officer ranks, new executive appointments drawn from key group companies Narasaki Seisakusyo Co., Ltd. and Yokogawa Bridge System Buildings Corp., and the retirement of several current executive officers, alongside planned director changes to be formalized at the June 25, 2026 shareholders’ meeting, including new director and audit and supervisory committee appointments and reappointments of outside directors. These shifts signal a generational transition and tighter integration across group entities, aimed at reinforcing governance and operational leadership as the company positions itself for its next phase of growth.

The most recent analyst rating on (JP:5911) stock is a Hold with a Yen3183.00 price target. To see the full list of analyst forecasts on Yokogawa Bridge Holdings Corp. stock, see the JP:5911 Stock Forecast page.

Yokogawa Bridge Holdings Lifts Dividend Despite Lower Sales and Profit Outlook

Yokogawa Bridge Holdings reported consolidated net sales of ¥105.5 billion for the nine months ended December 31, 2025, down 8.5% year on year, while operating profit rose 5.0% to ¥8.6 billion and ordinary profit increased 8.2%. Profit attributable to owners of parent declined 12.1% to ¥5.9 billion and basic EPS fell to ¥147.82, but the equity ratio improved to 64.1% and net assets grew, reflecting a stronger balance sheet. The company maintained its full-year forecast for fiscal 2025, projecting slight sales decline and significantly lower profits compared with the previous year, yet it plans to raise annual dividends to ¥120 per share from ¥110, signaling confidence in cash generation and a continued commitment to shareholder returns despite the earnings headwinds.

The most recent analyst rating on (JP:5911) stock is a Hold with a Yen3183.00 price target. To see the full list of analyst forecasts on Yokogawa Bridge Holdings Corp. stock, see the JP:5911 Stock Forecast page.

Yokogawa Bridge Holdings Completes Nearly ¥2 Billion Share Buyback Program

Yokogawa Bridge Holdings Corp. has completed its board-approved share buyback program, acquiring a total of 697,200 common shares on the Tokyo Stock Exchange for approximately 1.9999 billion yen between July 29, 2025, and January 27, 2026, nearly reaching the maximum planned acquisition cost of 2 billion yen. The latest tranche, executed from January 1 to January 27, 2026, comprised 91,900 shares purchased for about 287 million yen, underscoring the company’s continued focus on capital efficiency and shareholder returns, which may support its share price and optimize its capital structure for existing investors.

The most recent analyst rating on (JP:5911) stock is a Hold with a Yen3183.00 price target. To see the full list of analyst forecasts on Yokogawa Bridge Holdings Corp. stock, see the JP:5911 Stock Forecast page.

Yokogawa Bridge Nears Share Buyback Ceiling With Continued Treasury Share Purchases

Yokogawa Bridge Holdings Corp. has disclosed the status of its ongoing share buyback program conducted under the Companies Act, reporting the purchase of 116,700 common shares on the Tokyo Stock Exchange between December 1 and December 31, 2025, at a total cost of ¥346,465,400. This latest tranche brings cumulative repurchases under the board-approved program, which runs from July 29, 2025 to January 31, 2026, to 605,300 shares for ¥1,712,555,775, moving the company significantly toward its ceiling of up to 1.1 million shares or ¥2 billion and signaling continued efforts to enhance shareholder returns and optimize capital structure through market purchases.

The most recent analyst rating on (JP:5911) stock is a Buy with a Yen3228.00 price target. To see the full list of analyst forecasts on Yokogawa Bridge Holdings Corp. stock, see the JP:5911 Stock Forecast page.

Yokogawa Bridge Holdings Advances Treasury Share Acquisition Plan

Yokogawa Bridge Holdings Corp. announced the acquisition of 128,300 treasury shares at a cost of 366,172,300 yen through market purchases on the Tokyo Stock Exchange between November 1 and November 30, 2025. This acquisition is part of a broader plan to purchase up to 1,100,000 shares, representing 2.7% of the company’s total issued shares, with a maximum budget of 2 billion yen, which aims to enhance shareholder value and optimize the company’s capital structure.

The most recent analyst rating on (JP:5911) stock is a Buy with a Yen3228.00 price target. To see the full list of analyst forecasts on Yokogawa Bridge Holdings Corp. stock, see the JP:5911 Stock Forecast page.