5911
Yokogawa Bridge Holdings Corp.
株式会社横河ブリッジホールディングス
Industrials · Engineering & Construction
Yokogawa Bridge Holdings Corp. engages in the design, fabrication, and construction of steel structures in Japan and internationally. It operates through Bridge Business, Engineering Business, Precision Equipment Business and Real Estate Business segments. 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, as well as provision of machinery for the infrastructure sector, such as water gate, shiplift facility, and sewage treatment. In addition, the company supplies metal frames for use in the production of semiconductors and flat panel displays; and provides software for the total design system for steel bridges and simulation systems for the erection of steel structures, etc. Yokogawa Bridge Holdings Corp. was founded in 1907 and is headquartered in Minato, Japan.
Price
¥2,813
Market Cap
¥113.8B
Ent. Value
¥128.4B
Net Debt
−¥14.6B
Shares Out.
40.5M
P / E
8.9×
EV / EBIT
7.7×
P / Book
0.87×
P / NCAV
1.69×
Div. Yield
3.91%
Financials
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Net Sales | ¥159.4B | ¥164.1B | ¥165.0B | ¥136.9B |
| Cost of Sales | ¥131.0B | ¥137.2B | ¥139.5B | ¥112.7B |
| Gross Profit | ¥28.3B | ¥26.8B | ¥25.5B | ¥24.2B |
| SG&A | ¥11.7B | ¥10.9B | ¥10.3B | ¥9.4B |
| Operating Income | ¥16.7B | ¥15.9B | ¥15.2B | ¥14.8B |
| Non-Operating Income | ¥479M | ¥487M | ¥563M | ¥575M |
| Dividend Income | ¥306M | ¥329M | ¥324M | ¥294M |
| Interest Income | ¥10M | ¥3M | ¥2M | ¥6M |
| Non-Operating Expenses | ¥860M | ¥576M | ¥329M | ¥332M |
| Interest Expense | ¥265M | ¥170M | ¥112M | ¥73M |
| Ordinary Income | ¥16.3B | ¥15.9B | ¥15.5B | ¥15.0B |
| Pre-tax Income | ¥18.0B | ¥17.5B | ¥16.5B | ¥16.3B |
| Income Taxes | ¥5.1B | ¥5.3B | ¥4.9B | ¥5.0B |
| Current Tax | ¥5.1B | ¥5.5B | ¥4.8B | ¥4.9B |
| Deferred Tax | ¥-13M | ¥-229M | ¥46M | ¥63M |
| Net Income (owners) | ¥12.9B | ¥11.9B | ¥11.2B | ¥11.0B |
| Minority Interest | ¥28M | ¥388M | ¥421M | ¥262M |
| Comprehensive Income | ¥10.8B | ¥14.8B | ¥11.0B | ¥9.5B |
| EBITDA | ¥21.0B | ¥19.8B | ¥19.1B | ¥18.4B |
| EPS | ¥317.02 | ¥291.16 | ¥273.36 | ¥267.54 |
| Shares Outstanding | 40.5M | 40.9M | 41.1M | 41.5M |
| Shares Issued (total) | 43.2M | 43.2M | 43.2M | 45.6M |
| Treasury Shares | 2.7M | 2.2M | 2.0M | 4.0M |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥216.2B | ¥210.8B | ¥194.5B | ¥172.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥154.5B | ¥146.3B | ¥133.4B | ¥109.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥16.8B | ¥25.0B | ¥25.1B | ¥23.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥61.7B | ¥64.6B | ¥61.1B | ¥63.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥39.2B | ¥38.8B | ¥38.6B | ¥39.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥4.4B | ¥3.3B | ¥2.5B | ¥2.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥10.5B | ¥14.9B | ¥12.8B | ¥14.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥6.4B | ¥6.4B | ¥6.2B | ¥6.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥87.1B | ¥82.8B | ¥76.8B | ¥61.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥55.5B | ¥38.3B | ¥50.7B | ¥45.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥14.4B | — | ¥9.6B | ¥6.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | ¥3.3B | ¥3.2B | ¥2.7B | ¥2.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥31.6B | ¥44.5B | ¥26.1B | ¥15.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥17.0B | ¥28.5B | ¥11.5B | ¥919M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | ¥11.9B | ¥12.6B | ¥12.3B | ¥12.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥1.6B | ¥2.5B | ¥1.4B | ¥1.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥129.1B | ¥128.0B | ¥117.7B | ¥110.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | ¥9.4B | ¥9.4B | ¥9.4B | ¥9.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥9.9B | ¥9.4B | ¥9.2B | ¥10.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥111.1B | ¥102.5B | ¥94.4B | ¥87.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-5.6B | ¥-3.3B | ¥-2.5B | ¥-3.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥4.2B | ¥6.3B | ¥3.8B | ¥4.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥124.9B | ¥118.1B | ¥110.5B | ¥103.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | — | ¥3.6B | ¥3.4B | ¥3.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥31.4B | ¥28.5B | ¥21.1B | ¥7.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-14.6B | ¥-3.5B | ¥4.0B | ¥16.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥67.4B | ¥63.4B | ¥56.6B | ¥47.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥1,666 | ¥1,549 | ¥1,374 | ¥1,146 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥3,086 | ¥2,884 | ¥2,685 | ¥2,488 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Operating CF | ¥-2.2B | ¥-1.6B | ¥-4.3B | ¥17.1B |
| Interest Paid | ¥-261M | ¥-166M | ¥-112M | ¥-72M |
| Interest Received | ¥317M | ¥334M | ¥328M | ¥302M |
| D&A | ¥4.3B | ¥3.8B | ¥3.9B | ¥3.7B |
| Investing CF | ¥-2.0B | ¥-972M | ¥-1.8B | ¥-3.5B |
| CapEx | ¥3.2B | ¥3.0B | ¥2.8B | ¥3.7B |
| Purchase Investments | ¥-118M | — | ¥-3M | ¥-154M |
| Proceeds from Invest. | ¥3.3B | ¥3.1B | ¥2.0B | ¥1.6B |
| Financing CF | ¥-3.7B | ¥2.5B | ¥7.8B | ¥-9.8B |
| Dividends Paid | ¥-4.3B | ¥-3.7B | ¥-3.3B | ¥-2.7B |
| Share Buybacks | ¥-2.7B | ¥-1.0B | ¥-1.2B | ¥-180M |
| LT Debt Repaid | — | ¥-500M | ¥-6.3B | ¥-3.2B |
| Free Cash Flow | ¥-5.4B | ¥-4.6B | ¥-7.1B | ¥13.3B |
| Net Change in Cash | ¥-8.2B | ¥-154M | ¥1.7B | ¥3.9B |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| ROE | 10.1% | 9.9% | 10.1% | 10.6% |
| ROA | 6.0% | 5.8% | 6.1% | 6.4% |
| EPS | ¥317.02 | ¥291.16 | ¥273.36 | ¥267.54 |
| DPS | ¥110.00 | ¥95.00 | ¥85.00 | ¥75.00 |
| BPS | ¥3,229.02 | ¥3,056.65 | ¥2,794.45 | ¥2,608.54 |
| FCF/Share | ¥-133 | ¥-113 | ¥-174 | ¥321 |
| NCAV/Share | ¥1,666 | ¥1,549 | ¥1,374 | ¥1,146 |
| Payout Ratio | 34.7% | 32.6% | 31.1% | 28.0% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 11
| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
|
5,287 | 13.06% |
| 2 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
3,161 | 7.81% |
| 3 |
NIPPON STEEL CORPORATION
日本製鉄株式会社
|
1,987 | 4.91% |
| 4 |
YOKOGAWA ELECTRIC CORPORATION
横河電機株式会社
|
1,676 | 4.14% |
| 5 |
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505001 (常任代理人 株式会社みずほ銀行決済営業部)
|
1,344 | 3.32% |
| 6 |
Employee Stock Ownership Plan
横河ブリッジホールディングス 従業員持株会
|
964 | 2.38% |
| 7 |
RE FUND 107-CLIENT AC
RE FUND 107-CLIENT AC (常任代理人 シティバンク、 エヌ・エイ東京支店)
|
705 | 1.74% |
| 8 | 三菱UFJモルガン・スタンレー証券株式会社 | 658 | 1.62% |
| 9 |
Nippon Life Insurance
日本生命保険相互会社
|
543 | 1.34% |
| 10 | JPモルガン証券株式会社 | 472 | 1.16% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
20.9%
+0.5% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
3.3%
+0.5% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
17.3%
-0.3% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 41.5% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 14.80% | 12.62% | 13.06% +0.44% | |
| Japan Custody Bank 日本カストディ銀行 | 9.77% | 7.76% | 7.81% +0.05% | |
| NIPPON STEEL CORPORATION 日本製鉄 | 4.83% | 4.85% | 4.91% +0.06% | |
| YOKOGAWA ELECTRIC CORPORATION 横河電機 | 4.07% | 4.09% | 4.14% +0.05% | |
| State Street | 2.06% | 2.86% | 3.32% +0.46% | |
| Employee Stock Ownership Plan 横河ブリッジホールディングス 従業員持株会 | — | 2.22% | 2.38% +0.16% | |
| RE FUND 107-CLIENT AC | — | 1.95% | 1.74% -0.21% | |
| Morgan Stanley | — | 1.55% | 1.62% +0.07% | |
| Nippon Life Insurance 日本生命保険 | 1.32% | 1.32% | 1.34% +0.02% | |
| JPモルガン証券 NEW ENTRY | — | — | — | 1.16% NEW |
| Sumitomo Realty & Development Co.,Ltd. 住友不動産 last seen 2024 | Exited Top 10 | 1.63% | 1.64% | — |
| Northern Trust last seen 2023 | Exited Top 10 | 1.25% | — | — |
| みずほ銀行 last seen 2023 | Exited Top 10 | 1.08% | — | — |
| 横河ブリッジホールディングス従業員持株会 last seen 2023 | Exited Top 10 | 1.70% | — | — |
| Concentration (HHI) ⓘ | 369 | 283 | 298 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥9,968M
-16% since 2023
Holdings
26
+3 new
16 exited
Trend
1 unwinding
vs 2023
| Held Company | FY2025 ¥9,968M total | FY2023 ¥11,841M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
YOKOGAWA ELECTRIC CORPORATION
横河電機㈱
|
3,471 |
1,200,000
|
2,580 | 1,200,000 | M |
|
Sumitomo Realty & Development Co.,Ltd.
住友不動産㈱
|
1,566 |
-50.0%
↓
280,000
|
1,669 | 560,000 | M |
|
Maruzen Showa Unyu Co,.Ltd.
丸全昭和運輸㈱
|
683 |
113,700
|
366 | 113,700 | M |
|
NICHIREKI GROUP CO., LTD.
ニチレキグループ㈱ (注3)
|
599 |
NEW
New
275,000
|
— | M | |
|
Denyo Co.,Ltd.
デンヨー㈱
|
488 |
200,000
|
340 | 200,000 | M |
|
KAJIMA CORPORATION
鹿島建設㈱
|
457 |
150,000
|
239 | 150,000 | |
|
NAGAWA Co .,Ltd.
㈱ナガワ
|
429 |
71,600
|
489 | 71,600 | M |
|
NOK CORPORATION
NOK㈱
|
391 |
178,800
|
261 | 178,800 | |
|
Oriental Shiraishi Corporation
オリエンタル白石㈱
|
390 |
1,067,200
|
347 | 1,067,200 | M |
|
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
|
283 |
70,000
|
131 | 70,000 | M |
|
OKABE CO., LTD.
岡部㈱
|
205 |
240,100
|
184 | 240,100 | M |
|
TOKYO ROPE MFG. CO., LTD.
東京製綱㈱
|
183 |
150,000
|
175 | 150,000 | M |
|
Kintetsu Group Holdings Co.
近鉄グループホールディングス㈱
|
174 |
54,590
|
232 | 54,590 | |
|
Hodogaya Chemical Co., Ltd.
保土谷化学工業㈱(注2)
|
169 |
NEW
New
108,600
|
— | M | |
|
CTI Engineering Co.,Ltd.
㈱建設技術研究所(注2)
|
169 |
NEW
New
71,600
|
— | M | |
|
IDEA Consultants.Inc.
いであ㈱
|
122 |
43,500
|
69 | 43,500 | M |
|
KOMAIHALTEC Inc.
㈱駒井ハルテック
|
47 |
30,000
|
50 | 30,000 | M |
|
Sanyo Industries Co., Ltd.
三洋工業㈱
|
47 |
15,600
|
28 | 15,600 | M |
|
OKASAN SECURITIES GROUP INC.
㈱岡三証券グループ
|
35 |
53,000
|
24 | 53,000 | M |
|
NIPPON STEEL CORPORATION
日本製鉄㈱
|
31 |
10,000
|
31 | 10,000 | M |
|
OILES CORPORATION
オイレス工業㈱
|
25 |
11,197
|
18 | 11,197 | M |
|
YAMAURA CORPORATION
㈱ヤマウラ
|
4 |
3,900
|
4 | 3,900 | |
|
Wakita & Co.,LTD.
㈱ワキタ
|
— | — | |||
|
The Yokohama Rubber Company,Limited
横浜ゴム㈱
|
— | — | |||
|
ZERIA PHARMCEUTICAL CO., LTD.
ゼリア新薬工業㈱
|
— | — | M | ||
| 岩崎電気㈱ | — | — | M | ||
|
Central Japan Railway Company
東海旅客鉄道㈱
|
— |
−100%
Exit
—
|
395 | 25,000 | |
|
NIPPON DENSETSU KOGYO CO.,LTD
日本電設工業㈱
|
— |
−100%
Exit
—
|
654 | 413,000 | M |
|
KANSAI PAINT CO.,LTD.
関西ペイント㈱
|
— |
−100%
Exit
—
|
357 | 200,000 | M |
|
NIHON PARKERIZING CO., LTD.
日本パーカライジング㈱
|
— |
−100%
Exit
—
|
297 | 299,600 | M |
| 名糖産業㈱ | — |
−100%
Exit
—
|
165 | 100,000 | M |
|
East Japan Railway Company
東日本旅客鉄道㈱
|
— |
−100%
Exit
—
|
128 | 17,500 | |
|
ASIA PILE HOLDINGS CORPORATION
アジアパイルホールディングス㈱
|
— |
−100%
Exit
—
|
115 | 156,700 | M |
|
West Japan Railway Company
西日本旅客鉄道㈱
|
— |
−100%
Exit
—
|
54 | 10,000 | |
|
EXEO Group, Inc.
エクシオグループ㈱
|
— |
−100%
Exit
—
|
609 | 254,100 | M |
|
Nippon Koei Co., Ltd.
日本工営㈱
|
— |
−100%
Exit
—
|
415 | 123,200 | M |
| ニチレキ㈱ | — |
−100%
Exit
—
|
409 | 275,000 | M |
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
— |
−100%
Exit
—
|
391 | 461,560 | |
|
ASKA Pharmaceutical Holdings CO., Ltd.
あすか製薬ホールディングス㈱
|
— |
−100%
Exit
—
|
237 | 200,000 | M |
|
Hodogaya Chemical Co., Ltd.
保土谷化学工業㈱
|
— |
−100%
Exit
—
|
163 | 54,300 | M |
|
CTI Engineering Co.,Ltd.
㈱建設技術研究所
|
— |
−100%
Exit
—
|
108 | 35,800 | M |
|
DAIHO CORPORATION
大豊建設㈱
|
— |
−100%
Exit
—
|
107 | 29,300 | M |
| Portfolio total | 9,968 | 11,841 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding