Yokogawa Bridge Holdings Corp. · TSE:5911

Yokogawa Bridge — H1 FY2025 Earnings Presentation

34 slides from Yokogawa Bridge's earnings presentation, Nov 11, 2025

1. Slide 1: Financial Results Briefing for the First Half of FY 2025

   Financial Results Briefing for the First Half of FY 2025 Yokogawa Bridge Holdings Corp. （Security Code: 5911, TSE Prime） November 11, 2025

2. Slide 2: Agenda

   １ Progress for FY 2025 ２ Consolidated Settlement of Accounts for the First Half of FY 2025 ３ Business Forecast for FY 2025 1

3. Slide 3: Progress for FY 2025

   １ Progress for FY 2025 Kazuhiko Takata President and Representative Director 2

4. Slide 4: Summary for the First Half of FY 2025 ①

   Progress for FY 2025 Summary for the First Half of FY 2025 ①  Net sales were below the initial forecast, but operating profit secured the level anticipated in the initial forecast.  Bridge Business  Net sales decreased due to the pullback from the previous year's record high level and the status

5. Slide 5: Summary for the First Half of FY 2025 ②

   Progress for FY 2025 Summary for the First Half of FY 2025 ②  Bridge Business  Orders received didn’t reach the level of the previous year, which was the highest for the first half, but the order share was solid due to a high success rate in securing orders amidst sluggish order volume.  Secured

6. Slide 6: Summary for the First Half of FY 2025 ③

   Progress for FY 2025 Summary for the First Half of FY 2025 ③  Engineered Structure System Business  The market for small and medium-sized factories and warehouses hasn’t yet recovered, and orders received are tracking below the initial forecast pace.  Aiming to expand orders mainly by conducting

7. Slide 7: Summary for the First Half of FY 2025 ④

   Progress for FY 2025 Summary for the First Half of FY 2025 ④  Engineering Business  In the architecture, machinery and steel structure business, orders received are trending favorably.  Aiming to secure large-scale projects to achieve the full-year target. 6

8. Slide 8: Full-Year Forecast for FY 2025

   Progress for FY 2025 Full-Year Forecast for FY 2025  Net sales were revised from 162.0 billion yen to 159.0 billion yen due to sluggish orders in the engineered structure system business in the first half.  Operating profit is expected to be in line with the initial forecast (12.0 billion yen). Co

9. Slide 9: Shareholder Returns

   Progress for FY 2025 Shareholder Returns  Steadily increasing shareholder returns through flexible share buybacks (with a plan for 7.0 billion yen or more during the 7th Medium-Term Management Plan and an announcement of a 2.0 billion yen share buyback on July 28).  To maintain a trend of increasi

10. Slide 10: Photo Report ①

    Photo Report ① Tokai-Kanjo Expressway, Gifu IC (Central Nippon Expressway) 9

11. Slide 11: Photo Report ②

    Photo Report ② The “Backward Rotating Self-Propelled Hand-Stretching Machine Dismantling Device,” won the Tanaka Award (Technology Division) from the JSCE in 2024. Shin-Nobi Bridge (Aichi Prefectural Government) 10

12. Slide 12: Photo Report ③

    Photo Report ③ Yokogawa System Buildings Sodegaura No.1 Office 11

13. Slide 13: Photo Report ④

    Photo Report ④ GODAI MUSASHIURAWA 12

14. Slide 14: Consolidated Settlement of Accounts for the First Half of FY 2025

    ２ Consolidated Settlement of Accounts for the First Half of FY 2025 Hidenori Miyamoto Director and Managing Executive Officer 13

15. Slide 15: Consolidated Orders Received by Segment

    Consolidated of Orders Received by Segment (million yen) FY 2024 FY 2025 Change 1st Half 1st Half New bridge construction 47,577 18,794 (28,782) Maintenance 4,390 8,548 4,158 Bridge Overseas 35 11,167 11,131 Subtotal 52,002 38,509 (13,492) Engineered 22,019 18,880 (3,138) structure system Civil engi

16. Slide 16: Orders Received by Customer (Consolidation)

    Orders Received by Customer (Consolidation) FY 2024 FY 2025 1st Half 1st Half 15

17. Slide 17: Orders Received by Customer (Bridge)

    Orders Received by Customer (Bridge) FY 2024 FY 2025 1st Half 1st Half 16

18. Slide 18: Summary of Consolidated Settlement of Accounts

    Summary of Consolidated Settlement of Accounts (million yen) FY 2024 FY 2025 Change 1st Half 1st Half 74,500 Net sales 72,932 69,529 (3,402) 4,500 Operating profit 3,995 4,489 494 4,400 Ordinary profit 3,592 4,418 826 Profit attributable to 3,000 owners of parent 3,532 2,991 (541) *Italics indicate

19. Slide 19: Consolidated Net Sales by Segment

    Consolidated Net Sales by Segment (million yen) FY 2024 FY 2025 Change 1st Half 1st Half New bridge construction 34,211 27,979 (6,231) Maintenance 11,648 9,671 (1,977) Bridge Overseas 405 46 (358) Subtotal 46,265 37,697 (8,567) Engineered 18,572 21,530 2,958 structure system Civil engineering 3,403

20. Slide 20: Consolidated Business Results by Segment

    Consolidated Business Results by Segment (million yen) FY 2024 FY 2025 Change 1st Half 1st Half Net sales 46,265 37,697 (8,567) Bridge Operating profit 3,837 3,198 (639) Engineered Net sales 18,572 21,530 2,958 structure system Operating 619 1,786 1,167 profit Net sales 6,039 7,790 1,751 Engineering

21. Slide 21: Consolidated Statements of Income

    Consolidated Statements of Income (million yen) FY 2024 FY 2025 Change 1st Half 1st Half Net sales 72,932 69,529 (3,402) Gross profit 9,938 10,833 895 Selling, general and administrative expenses 5,942 6,343 400 Operating profit 3,995 4,489 494 Non-operating income 285 288 2 Non-operating expenses 6

22. Slide 22: Consolidated Balance Sheets

    Consolidated Balance Sheets (million yen) As of Mar. 31, As of Sep. 30, Change 2025 2025 Current assets 154,494 142,839 (11,654) Non-current assets 61,684 64,183 2,498 Total assets 216,179 207,023 (9,155) Current liabilities 55,497 32,567 (22,929) Non-current liabilities 31,590 43,020 11,429 Total l

23. Slide 23: Consolidated Statements of Cash Flows

    Consolidated Statements of Cash Flows (million yen) FY 2024 FY 2025 Change 1st Half 1st Half Cash flow from operating activities 2,752 15,212 12,459 Cash flow from investing activities (279) (3,103) (2,824) Cash flow from financing activities (5,005) (8,729) (3,723) Effect of exchange rate change on

24. Slide 24: Business Forecast for FY 2025

    ３ Business Forecast for FY 2025 23

25. Slide 25: Orders Received

    Orders Received (100 million yen) 2,400 Bridge Engineered structure system Engineering Precision equipment 2,000 1,896 1,697 1,600 1,581 1,569 1,573 1,457 1,243 1,275 1,200 920 875 818 865 862 694 800 705 526 490 385 372 482 456 400 375 384 188 199 167 187 182 205 240 136 111 0 2019 2020 2021 2022 2

26. Slide 26: Total Orders / Orders Received (Bridge)

    Total Orders / Orders Received (Bridge) （kt） (100 million yen) Orders received 1,400 600 Total orders 1,275 1,200 500 1,000 920 400 875 862 865 818 800 694 300 600 197 199 166 200 400 147 385 138 132 100 200 0 0 2019 2020 2021 2022 2023 2024 FY 2025 1st-Half Forecast Results 25

27. Slide 27: Orders Area / Orders Received (Engineered Structure System)

    Orders Area / Orders Received (Engineered Structure System) (100 million yen) (million ㎡) Orders received 700 2 Orders area 526 482 490 456 375 372 384 350 1 1.01 0.86 0.77 0.80 80 0.75 0.68 188 0.59 0.28 0 0 2019 2020 2021 2022 2023 2024 FY 2025 1st-Half Forecast Results 26

28. Slide 28: Net Sales

    Net Sales (100 million yen) 2,000 Bridge Engineered structure system Engineering Precision equipment Others 1,649 1,640 1,593 1,590 1,600 1,381 1,360 1,369 1,200 870 974 887 982 812 824 764 800 695 545 457 376 400 387 469 407 381 334 215 147 148 156 183 162 155 195 77 0 2019 2020 2021 2022 2023 2024

29. Slide 29: Forecast of Consolidated Business Performance

    Forecast of Consolidated Business Performance (million yen) 1st-Half 2nd-Half Full-Year Forecast Full-Year Forecast Results Forecast Previous Updated *1 72,932 86,436 159,368 Net sales 69,529 89,471 162,000 159,000 3,995 12,682 16,677 Operating profit 4,489 7,511 12,000 12,000 3,592 12,703 16,295 Or

30. Slide 30: Forecast of Consolidated Business Performance by Segment

    Forecast of Consolidated Business Performance by Segment (million yen) 1st-Half Full-Year Forecast Full-Year Forecast FY 2024 Results * Previous Updated Results Net sales 37,697 88,700 88,700 98,299 Bridge Operating profit 3,198 9,800 9,800 13,668 Engineered Net sales 21,530 48,700 45,700 40,781 str

31. Slide 31: Dividend Per Share

    Dividend Per Share DPS （yen） 150 DPS 15.0 DOE(%) 120 120 12.0 110 95 90 85 9.0 75 60 52 6.0 37 3.2 3.5 3.0 3.1 30 2.3 3.0 1.8 0 0.0 2019 2020 2021 2022 2023 2024 FY 2025 Forecast 30

32. Slide 32: Net Income / Capital Investment / Total Dividends

    Net Income / Capital Investment / Total Dividends Net income Capital investment Total dividends (100 million yen) (100 million yen) 180 Net income 60 Capital investment Total dividends 150 50 120 40 90 30 60 20 30 10 0 0 2019 2020 2021 2022 2023 2024 FY 2025 Forecast 31

33. Slide 33: Net Income / ROE

    Net Income / ROE Net income ROE （100 million yen） （％） 150 Net income 15 ROE 11.9 120 12 10.4 10.1 10.6 90 10.1 9.9 9 60 6 30 3 0 0 2019 2020 2021 2022 2023 2024 FY 2025 Forecast 32

34. Slide 34: Consolidated Net Sales and Orders Received by Segment

    Appendix Consolidated Net Sales and Orders Received by Segment (100 million yen) FY 2024 FY 2025 FY 2025 FY 2025 1st-Half 1st-Half Full-Year Forecast Full-Year Forecast Results Results * Previous Updated New bridge construction 342 279 621 621 Bridge Maintenance 116 96 248 248 Overseas 4 0 18 18 Sub

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