Recent Share Price: ¥2,500
Accounting: Japanese Accounting Standards
Fiscal Year: Sept 30th
Market Cap: ¥7.5 billion ($68 million)
Kawagishi Bridge Works Co., Ltd. is a Japanese industrial focused on the design, manufacturing, and site construction of steel frames for steel structures. In addition to the site construction work in eastern Japan, the Company is also involved in the manufacture and sale of precast concrete (PC) products.
The company operates 5 plants for Steel Frame and 1 plant for Precast Concrete.
| Segment Revenue | 2017 | 2018 | ||
| Steel Frame | ¥18,723 | 95.6% | ¥24,242 | 94.2% |
| Precast Concrete | ¥864 | 4.4% | ¥1,504 | 5.8% |
| Backlog | 2017 | 2018 | ||
| Steel Frame | ¥17,064 | 91.2% | ¥15,394 | 97.9% |
| Precast Concrete | ¥1,640 | 8.8% | ¥337 | 2.1% |
Recent History
2017
Announced Reverse 1-to-5 stock split effective March 28.
Insider Ownership
| Executive Shareholders | ||
| Name | Equities | % |
| Ryuichi Kawagishi (Chairman) | 82,400 | 2.75% |
| Hideo Kanamoto (President) | 3,500 | 0.11% |
At fiscal year-end, investments in passive stocks (17) totaled ¥906 billion.
In addition to stock holdings, the company reports that it owns rental property with a fair market value (calculated by the Company based on the property tax valuation) of ¥1.2 billion.
At ¥2.1 billion, this represents approximately 30% of the current market cap. Although company makes no claim for liquidaion, the passive holdings provide sizable financial safety.
Financials
Disclosure: We own shares in Kawagishi Bridge Works Co Ltd (5921:TYO)