Note: This document has been translated from the Japanese original for reference purposes only. In the event of any
discrepancy between this translated document and the Japanese original, the original shall prevail.

July 29, 2024

Consolidated Financial Results
for the Three Months Ended June 30, 2024
(Under Japanese GAAP)
Company name:
Yokogawa Bridge Holdings Corp.
Listing:
Tokyo Stock Exchange
Securities code:
5911
URL:
https://www.ybhd.co.jp/
Representative:
Kazuhiko Takata, President and Representative Director
Inquiries:
Yasutsugu Nakaoka, General Manager of Finance and Investor Relations OfficeTelephone:+81-3-3453-4116
Scheduled date to commence dividend payments:–
Preparation of supplementary material on financial results:
None
Holding of financial results briefing:
None(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the three months ended June 30, 2024 (from April 1, 2024 toJune 30, 2024)(1) Consolidated operating results (cumulative)
Net sales
Three months ended(Percentages indicate year-on-year changes.)

Operating profit

Profit attributable toowners of parent

Ordinary profit

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

June 30, 2024

35,948(10.2)

1,386(61.1)

1,376(63.3)

1,282(55.0)

June 30, 2023

40,027

13.7

3,565

184.1

3,748

145.4

2,846

70.4

Note: Comprehensive income

For the three months ended June 30, 2024:
For the three months ended June 30, 2023:

Basic earnings
per share
Three months ended¥1,062 million¥3,990 million[(73.4)%][269.9%]Diluted earnings
per share
Yen

Yen

June 30, 2024

31.50

–

June 30, 2023

69.59

–

(2) Consolidated financial position
Total assets
As of

Net assets

Equity-to-asset ratio

Net assets per share

Millions of yen

June 30, 2024

206,609

124,07259.8

3,035.84

March 31, 2024

210,846

128,02359.0

3,056.65

Reference:

EquityAs of June 30, 2024:
As of March 31, 2024:¥123,587 million¥124,404 million%

Yen

Millions of yen

2. Cash dividends
Annual dividends per shareFirst quarter-end

Second quarter-end

Third quarter-end

Yen

Yen

Yen

Fiscal year ended
March 31, 2024
Fiscal year ending
March 31, 2025–

Fiscal year-end

Total

Yen

Yen

45.00

–

50.00

95.00

55.00

–

55.00

110.00–Fiscal year ending
March 31, 2025
(Forecast)

Note: Revisions to the forecast of cash dividends most recently announced: None

3. Forecast of consolidated financial results for the fiscal year ending March 31, 2025 (from April 1,
2024 to March 31, 2025)
Net sales

Six months ending
September 30,
2024
Fiscal year ending
March 31, 2025

Operating profit(Percentages indicate year-on-year changes.)
Profit attributable to Basic earnings perowners of parent
share

Ordinary profit

Millions ofyen%Millions ofyen%Millions ofyen%Millions ofyen%

78,200

(5.0)

7,100

(3.0)

7,100

(5.0)

5,600

(4.4)

137.58170,000

3.6

15,500(2.8)

15,400(2.9)

11,700(1.3)

287.41

Note: Revisions to the consolidated earnings forecasts most recently announced: NoneYen

* Notes(1) Significant changes in the scope of consolidation during the period: None
(2) Application of specific accounting for preparing quarterly consolidated financial statement: Yes
Note: For more details, please refer to “(3) Notes to quarterly consolidated financial statements, (Notes
on specific accounting for preparing quarterly consolidated financial statements)” of “2.
Quarterly Consolidated Financial Statements and Principal Notes” on page 9 of the attachedmaterial.
(3) Changes in accounting policies, changes in accounting estimates, and restatement(i) Changes in accounting policies due to revisions to accounting standards and other regulations: Yes(ii) Changes in accounting policies due to other reasons: None(iii) Changes in accounting estimates: None(iv) Restatement: None
(4) Number of issued shares (common shares)(i)

Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2024

43,164,802 shares

As of March 31, 2024

43,164,802 shares(ii) Number of treasury shares at the end of the period
As of June 30, 2024

2,455,253 shares

As of March 31, 2024

2,464,981 shares(iii) Average number of shares outstanding during the period (cumulative from the beginning of the
fiscal year)
Three months ended June 30, 2024

40,700,551 shares

Three months ended June 30, 2023
40,902,612 shares
Note: The number of treasury shares includes the Company’s shares held as trust assets of the “Stock Delivery Trust for
Directors.”(230,619 shares at the end of the first quarter of the fiscal year ending March 31, 2025 and 241,104 shares at theend of the fiscal year ended March 31, 2024)* Review of the Japanese-language originals of the attached quarterly consolidated financial statements bycertified public accountants or an audit firm: None
* Proper use of earnings forecasts, and other special matters(Cautions on forward-looking statements)
The forward-looking statements, including forecasts of financial results, contained in these materials are
based on information currently available to the Company and on certain assumptions deemed to bereasonable. However, the Company makes no guarantee that these forecasts will be achieved. Actual
financial results, etc. may differ substantially due to various factors.

○ Table of Contents of Attached Materials
Index
1. Summary of Business Results, etc. ........................................................................................................... 2(1) Summary of business results for the period........................................................................................ 2(2) Summary of financial position for the period..................................................................................... 4(3) Explanation of consolidated financial results forecasts and other forward-looking statements ......... 4
2. Quarterly Consolidated Financial Statements and Principal Notes .......................................................... 5(1) Quarterly consolidated balance sheet ................................................................................................. 5(2) Quarterly consolidated statement of income and consolidated statement of comprehensive income 7(3) Notes to quarterly consolidated financial statements ......................................................................... 9(Notes to changes in accounting policies) .......................................................................................... 9(Notes on specific accounting for preparing quarterly consolidated financial statements) ................ 9(Notes to segment information, etc.) ................................................................................................ 10(Notes when there are significant changes in amounts of shareholders’ equity) .............................. 11(Notes on going concern assumptions)............................................................................................. 11(Notes to quarterly consolidate statement of cash flows) ................................................................. 11
3. Other Information ................................................................................................................................... 12
Net sales, order received and backlog of orders (consolidated).............................................................. 12- 1 -1. Summary of Business Results, etc.
(1) Summary of business results for the period(i)Orders received
In the bridge business, orders increased year on year to 27.32 billion yen (up 64.4% year on year),marking record-high level, mainly due to orders of large new constructions and private-sector
projects. Major contracts included Higashi-ogishima Mizuecho Line Main bridge No. 2 of Kanto
Regional Development Bureau, Tokai Junction G Ramp Bridge of Chubu Regional Development
Bureau, Tenjin River Bridge of Chugoku Regional Development Bureau, Yashio Parking Area Ramp
Bridge North of the East Nippon Expressway, and Azechi Daiichi Bridge and one other bridge of theWest Nippon Expressway.
In the engineering business, while orders for the engineered structure system were approximately thesame level year on year, orders for the entire business totaled 18.93 billion yen (up 62.9 % year onyear) mainly due to large orders in the civil engineering business. Orders area for the engineered
structure system business totaled approximately 0.15 million m2 (approximately 0.15 million m2 inthe same period of the previous fiscal year).
In the precision equipment business, orders received stood at 0.98 billion yen (up 103.6% year onyear) due to the recovery of demand environment in the precision equipment manufacturingbusiness.
As a result of the above, orders received in the three months ended June 30, 2024, totaled a recordhigh 47.25 billion yen (up 64.4% year on year).

(ii) Business results
In the three months ended June 30, 2024, the Company recorded net sales of 35.94 billion yen (down
10.2% year on year), operating profit of 1.38 billion yen (down 61.1% year on year), and ordinary
profit of 1.37 billion yen (down 63.3% year on year). Profit attributable to owners of parent
amounted to 1.28 billion yen (down 55.0% year on year) due to recording of gain on sale ofinvestment securities. Results by business sector are as follows.
(Bridge Business)
In the bridge business, net sales were 23.01 billion yen (up 2.7% year on year), setting a new record,
as a result of making smooth progress on the considerable backlog of orders. Operating profit was at
1.52 billion yen (up 13.2% year on year).
(Engineering Business)
In the engineering business, net sales were 11.97 billion yen (down 28.4% year on year), andoperating profit remained at 0.26 billion yen (down 89.4% year on year). This was mainly due to a
decline in production volume amid sluggish orders mainly in the engineered structure systembusiness.
(Precision Equipment Business)
In the precision equipment business, net sales were 0.81 billion yen (up 10.9% year on year) andoperating profit was at 0.03 billion yen (down 12.7% year on year) as the demand environment
recovered.

- 2 -Net sales, order received and backlog of orders for the three months ended June 30, 2024(100 million yen)

Net sales

159

172

56

53

Overseas84

Subtotal

224

230

Engineered structure system

125

88

Civil engineering

20

17

21

13

Subtotal

167

119

Precision equipment

5

6

Info. processing

1

1

Subtotal

7

8

1

1

400

359

New bridge construction

103

247

Maintenance59

25

Architecture, machinery andsteel structure

Real Estate
Total

Bridgereceived

Engineering

Overseas

30Subtotal

166

273

Engineered structure system

98

99

Civil engineering

6

76

11

13

Subtotal

116

189

Precision equipment

3

8

Info. processing

11Architecture, machinery andsteel structure

Precision Equipment

Subtotal

4

9

287

472

New bridge construction

909

981

Maintenance

530

473

Overseas

27

2

Total

BridgeBacklog ofordersEngineering

Subtotal

1,468

1,457

Engineered structure system

234

186

Civil engineering

286

389

45

45

Architecture, machinery andsteel structure

Precision Equipment

June 30, 2024

MaintenancePrecision Equipment

OrdersThree months ended

June 30, 2023
New bridge construction
BridgeEngineering

Three months ended

Subtotal

566

621

Precision equipment

58

Info. processing

4

3

Subtotal

9

12

2,044

2,092

Total
Note: Figures are rounded down to the nearest million yen.

- 3 -(2) Summary of financial position for the period
Total assets as of June 30, 2024 decreased 4.23 billion yen from the end of the previous fiscal year to206.6 billion yen. Current assets decreased by 3.69 billion yen from the end of the previous fiscal year,
mainly due to a decrease in “notes receivable, accounts receivable from completed construction
contracts and other.” Non-current assets decreased by 0.53 billion yen from the end of the previous
fiscal year mainly due to a decrease in “investments and other assets” resulting from the sale ofinvestment securities.
Liabilities decreased 0.28 billion yen from the end of the previous fiscal year to 82.53 billion yen. Thiswas mainly due to a decrease in “income taxes payable.”
Net assets decreased 3.95 billion yen from the end of the previous fiscal year to 124.07 billion yen.
This was mainly due to the recording of “profit attributable to owners of parent,” payment of dividends
and a decrease in “non-controlling interests.” As a result, the equity ratio stood at 59.8%.
(3) Explanation of consolidated financial results forecasts and other forward-looking statements
In the three months ended June 30, 2024, operating profit was at a weak level due to a slump in theengineering business. This was mainly due to a decline in the volume of backlog of orders at the
beginning of the period in the engineered structure system business. It is a challenging situation as weannounced, but improved performance is expected in the second and later quarters, particularly in thebridge business, which is making smooth progress in terms of both orders and production. There is nochange to the consolidated financial results forecasts for the six months ending September 30, 2024,
and for the fiscal year ending March 31, 2025, previously released (on May 13, 2024).

- 4 -2. Quarterly Consolidated Financial Statements and Principal Notes(1) Quarterly consolidated balance sheet(Millions of yen)
As of March 31, 2024
AssetsCurrent assets
Cash and deposits
Notes receivable, accounts receivable fromcompleted construction contracts and other
Inventories
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Land
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets- 5 -As of June 30, 2024

24,98826,718114,117

107,321

3,287
3,862
(0)
146,255

3,200
5,318
(0)
142,557

15,143
23,686
38,8303,335

15,14323,92539,0693,348

14,867
7,556–
22,42464,590210,846

13,9457,706(19)
21,63364,052
206,609(Millions of yen)
As of March 31, 2024
Liabilities
Current liabilities
Notes payable, accounts payable for construction
contracts and other
Income taxes payable
Advances received on construction contracts inprogress
Provision for loss on construction contracts
Provision for bonuses
Other provisions
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Provision for retirement benefits for directors (andother officers)
Provision for share-based payments
Retirement benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Revaluation reserve for land
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets- 6 -As of June 30, 2024

22,03021,211

3,204

804

2,445

4,105

3,861
2,735
194
3,823
38,297

3,544
4,087
162
3,992
37,908

4,100
24,400

4,100
24,40030

34336
12,5833,074
44,52582,822357
12,784
2,952
44,62882,536

9,435
9,356
102,534(3,263)
118,062

9,435
9,496
101,769(3,241)
117,459

6,182
159
6,342
3,618
128,023
210,846

5,968
159
6,127
485
124,072
206,609(2) Quarterly consolidated statement of income and consolidated statement of comprehensive income
Quarterly consolidated statement of income (cumulative)(Millions of yen)Three months ended
June 30, 2023
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Share of profit of entities accounted for using equity
methodForeign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Advances received deposits
Collective term insurance
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Total extraordinary income
Extraordinary losses
Loss on disposal of non-current assets
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitProfit (loss) attributable to non-controlling interests
Profit attributable to owners of parent- 7 -Three months ended
June 30, 2024

40,02733,683
6,343
2,778
3,565

35,94831,575
4,373
2,986
1,386

1
189

0
164

13

20

81
7
294

–
10
196

41
–
40
17
11
111
3,748

49
79
43
18
15
205
1,376

–
503
503

5
451
456

0
0
4,250
1,344
2,906
59
2,846

0
0
1,833
556
1,277
(4)
1,282

Quarterly consolidated statement of comprehensive income (cumulative)(Millions of yen)Three months ended
June 30, 2023
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests- 8 -Three months ended
June 30, 2024

2,906

1,277

1,083
1,083
3,990

(214)
(214)
1,062

3,930

1,067

59

(4)

(3) Notes to quarterly consolidated financial statements(Notes to changes in accounting policies)(Application of the Accounting Standard for Current Income Taxes, etc.)
The Accounting Standard for Current Income Taxes (ASBJ Statement No.27, October 28, 2022;
hereinafter referred to as the “Revised Accounting Standard 2022”), etc. have been adopted from the
beginning of the first quarter ended June 30, 2024.
The amendment to categories in which current income taxes should be recorded (taxes on othercomprehensive income) follows the transitional treatment prescribed in the proviso of paragraph 20-3 ofthe Revised Accounting Standard 2022 and the transitional treatment prescribed in the proviso (2) ofparagraph 65-2 of the Implementation Guidance on Tax Effect Accounting (ASBJ Guidance No.28,
October 28, 2022; hereinafter referred to as the “Revised Implementation Guidance 2022”).
This change in accounting policies has no impact on the quarterly consolidated financial statements.
For the amendment related to the revised accounting treatment for consolidated financial statements when
gains or losses on sale of shares in subsidiaries resulting from transactions between consolidated
companies were deferred for tax purposes, the Revised Implementation Guidance 2022 has been adopted
from the beginning of the first quarter ended June 30, 2024. This change in accounting policies wasapplied retrospectively. Hence, the quarterly consolidated financial statements for the same quarter of theprior fiscal year and the consolidated financial statements for the prior fiscal year have been modified
retrospectively.
This change in accounting policies has no impact on the quarterly consolidated financial statements forthe same quarter of the prior fiscal year and the consolidated financial statements for the prior fiscal year.
(Notes on specific accounting for preparing quarterly consolidated financial statements)
Taxes expenses are calculated first by reasonably estimating the effective tax rate after applying tax
effect accounting against profit before income taxes for the fiscal year including the first quarter underreview, and next by multiplying profit before income taxes by such estimated effective tax rate.
However, in cases where the calculation of tax expenses using the estimated effective tax rate yields a
result that is considered not to be reasonable to a significant extent, the statutory effective tax rate isused.
Income taxes - deferred is included in “income taxes.”- 9 -(Notes to segment information, etc.)[Segment information]Ⅰ

Three months ended June 30, 2023 (from April 1, 2023 to June 30, 2023)
Information on net sales and profit by reportable segment(Millions of yen)Amountrecorded on
the quarterly
Adjustment
consolidated(Note 1)statement ofincome(Note 2)

Reportable segment

Engineering

Precision
Equipment

Real Estate

22,41016,726738

151

40,027–40,027

–

–

–

–

–

–

–

22,41016,726738

151

40,027–40,027

1,349

2,539

41

98

4,030

(464)

3,565

BridgeTotal

Net sales
Sales to externalcustomers
Intersegment sales ortransfers
Total
Segment profit
Notes:

1.
2.

Adjustment of segments profit of negative 464 million yen represents corporate expenses, etc., which mainly
consist of expenses related to the Company’s administrative components, such as the General Affairs, Human
Resources, and Accounting Divisions.
Segment profit is adjusted on operating profit on the quarterly consolidated statement of income.

ⅠⅠ Three months ended June 30, 2024 (from April 1, 2024 to June 30, 2024)
Information on net sales and profit by reportable segment(Millions of yen)Amountrecorded on
the quarterly
Adjustment
consolidated(Note 1)statement ofincome(Note 2)

Reportable segment

Engineering

Precision
Equipment

Real Estate

23,011

11,977819

140

35,948–35,948

–

–

–

–

–

–

–

23,011

11,977819

140

35,948–35,948

1,527

268

36

80

1,913

(526)

1,386

BridgeTotal

Net sales
Sales to externalcustomers
Intersegment sales ortransfers
Total
Segment profit
Notes:

1.
2.

Adjustment of segments profit of negative 526 million yen represents corporate expenses, etc., which mainly
consist of expenses related to the Company’s administrative components, such as the General Affairs, Human
Resources, and Accounting Divisions.
Segment profit is adjusted on operating profit on the quarterly consolidated statement of income.

- 10 -

(Notes when there are significant changes in amounts of shareholders’ equity)
Not applicable.
(Notes on going concern assumptions)Not applicable.
(Notes to quarterly consolidate statement of cash flows)
Consolidated statement of cash flows for the three months under review has not been prepared.
Depreciation (including amortization of intangible assets) for the three months ended June 30, 2024, is
as follows.
(Millions of yen)Three months ended
June 30, 2023
Depreciation

Three months ended
June 30, 2024
918

- 11 -

1,013

3. Other Information
Net sales, order received and backlog of orders (consolidated)
Three months ended Three months ended
June 30, 2023
June 30, 2024

PeriodClassification

Net sales

ChangeFiscal year ended
March 31, 2024

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Bridge22,41023,011600

97,411Engineering

16,726

11,977(4,748)63,132

Precision Equipment

738

819

80

2,941

Real Estate

151

140

(11)

591

Total

40,02735,948(4,078)164,076

Bridge16,62327,326

10,702

86,245Engineering

11,62918,9397,309

56,621

Precision Equipment

485

988

503

2,843

Total

28,73847,254

18,515

145,709

Bridge146,820

145,755(1,064)141,440

Engineering

56,63762,185

5,547

55,223

Precision Equipment

947

1,272

324

1,102

204,405

209,212

4,807

197,766

Ordersreceived

Backlog ofordersTotal

Note: Net sales exclude internal intersegment sales or transfers.

- 12 -