Obayashi Corporation

TSE:1802 Stock Report

Market Cap: JP¥1.7t

Obayashi Future Growth

Future criteria checks 1/6

Obayashi is forecast to grow earnings and revenue by 0.6% and 2.2% per annum respectively. EPS is expected to grow by 3% per annum. Return on equity is forecast to be 11.2% in 3 years.

Key information

0.6%

Earnings growth rate

2.99%

EPS growth rate

Construction earnings growth5.7%
Revenue growth rate2.2%
Future return on equity11.21%
Analyst coverage

Good

Last updated18 Sep 2025

Recent future growth updates

Earnings Beat: Obayashi Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Feb 13
Earnings Beat: Obayashi Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Recent updates

Obayashi (TSE:1802) Will Pay A Dividend Of ¥41.00

Sep 11
Obayashi (TSE:1802) Will Pay A Dividend Of ¥41.00

Does Obayashi (TSE:1802) Deserve A Spot On Your Watchlist?

Aug 25
Does Obayashi (TSE:1802) Deserve A Spot On Your Watchlist?

Obayashi (TSE:1802) Is Due To Pay A Dividend Of ¥41.00

Aug 12
Obayashi (TSE:1802) Is Due To Pay A Dividend Of ¥41.00

Obayashi's (TSE:1802) Dividend Will Be ¥41.00

Jul 24
Obayashi's (TSE:1802) Dividend Will Be ¥41.00

Calculating The Fair Value Of Obayashi Corporation (TSE:1802)

Jul 23
Calculating The Fair Value Of Obayashi Corporation (TSE:1802)

Obayashi (TSE:1802) Is Due To Pay A Dividend Of ¥41.00

Jul 09
Obayashi (TSE:1802) Is Due To Pay A Dividend Of ¥41.00

Obayashi (TSE:1802) Has A Pretty Healthy Balance Sheet

Jul 08
Obayashi (TSE:1802) Has A Pretty Healthy Balance Sheet

Some Investors May Be Worried About Obayashi's (TSE:1802) Returns On Capital

Jun 17
Some Investors May Be Worried About Obayashi's (TSE:1802) Returns On Capital

There May Be Underlying Issues With The Quality Of Obayashi's (TSE:1802) Earnings

May 21
There May Be Underlying Issues With The Quality Of Obayashi's (TSE:1802) Earnings

Here's Why Obayashi (TSE:1802) Has Caught The Eye Of Investors

Apr 07
Here's Why Obayashi (TSE:1802) Has Caught The Eye Of Investors

A Look At The Fair Value Of Obayashi Corporation (TSE:1802)

Mar 12
A Look At The Fair Value Of Obayashi Corporation (TSE:1802)

We Think Obayashi (TSE:1802) Can Stay On Top Of Its Debt

Feb 26
We Think Obayashi (TSE:1802) Can Stay On Top Of Its Debt

Earnings Beat: Obayashi Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Feb 13
Earnings Beat: Obayashi Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Obayashi (TSE:1802) Will Be Hoping To Turn Its Returns On Capital Around

Feb 11
Obayashi (TSE:1802) Will Be Hoping To Turn Its Returns On Capital Around

Obayashi Corporation (TSE:1802) Not Flying Under The Radar

Jan 28
Obayashi Corporation (TSE:1802) Not Flying Under The Radar

With EPS Growth And More, Obayashi (TSE:1802) Makes An Interesting Case

Dec 03
With EPS Growth And More, Obayashi (TSE:1802) Makes An Interesting Case

There May Be Underlying Issues With The Quality Of Obayashi's (TSE:1802) Earnings

Nov 19
There May Be Underlying Issues With The Quality Of Obayashi's (TSE:1802) Earnings

Is Obayashi (TSE:1802) Using Too Much Debt?

Nov 05
Is Obayashi (TSE:1802) Using Too Much Debt?

Obayashi (TSE:1802) Is Reinvesting At Lower Rates Of Return

Oct 20
Obayashi (TSE:1802) Is Reinvesting At Lower Rates Of Return

Are Investors Undervaluing Obayashi Corporation (TSE:1802) By 24%?

Oct 06
Are Investors Undervaluing Obayashi Corporation (TSE:1802) By 24%?

Earnings and Revenue Growth Forecasts

TSE:1802 - Analysts future estimates and past financials data (JPY Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/20282,769,050135,250100,200N/A6
3/31/20272,679,080128,54995,750N/A8
3/31/20262,596,244111,961106,825N/A8
6/30/20252,572,072138,322N/AN/AN/A
3/31/20252,620,101146,05235,44785,625N/A
12/31/20242,504,774123,118N/AN/AN/A
9/30/20242,484,398100,41811,63890,809N/A
6/30/20242,412,42494,315N/AN/AN/A
3/31/20242,325,16275,059-27,99250,399N/A
12/31/20232,244,34268,613N/AN/AN/A
9/30/20232,140,85768,918-14,43469,014N/A
6/30/20232,061,00172,983N/AN/AN/A
3/31/20231,983,88877,671131,867228,456N/A
12/31/20221,987,83857,305N/AN/AN/A
9/30/20221,948,11558,73235,434110,652N/A
6/30/20221,896,80138,113N/AN/AN/A
3/31/20221,922,88439,12711,66769,697N/A
12/31/20211,866,13065,991N/AN/AN/A
9/30/20211,813,37270,51420,46677,873N/A
6/30/20211,788,19888,315N/AN/AN/A
3/31/20211,766,89398,780-32,62824,803N/A
12/31/20201,851,52792,491N/AN/AN/A
9/30/20201,960,434103,43579,500140,284N/A
6/30/20202,041,432113,118N/AN/AN/A
3/31/20202,073,043113,093190,157237,628N/A
12/31/20192,055,592125,743N/AN/AN/A
9/30/20192,067,837121,14159,58987,284N/A
6/30/20192,049,098117,964N/AN/AN/A
3/31/20192,039,685113,155N/A44,203N/A
12/31/20182,012,36696,074N/AN/AN/A
9/30/20181,920,33093,103N/A113,743N/A
6/30/20181,898,91891,610N/AN/AN/A
3/31/20181,900,65592,662N/A114,034N/A
12/31/20171,910,32699,702N/AN/AN/A
9/30/20171,931,188101,315N/A143,642N/A
6/30/20171,909,71397,528N/AN/AN/A
3/31/20171,872,72194,501N/A158,892N/A
12/31/20161,814,08083,332N/AN/AN/A
9/30/20161,802,20477,123N/A136,307N/A
6/30/20161,788,47768,408N/AN/AN/A
3/31/20161,777,83463,437N/A124,980N/A
12/31/20151,809,49255,067N/AN/AN/A
9/30/20151,797,82142,402N/A85,050N/A
6/30/20151,787,96732,880N/AN/AN/A
3/31/20151,773,98128,695N/A74,646N/A
12/31/20141,749,17532,072N/AN/AN/A
9/30/20141,699,94029,496N/A80,642N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1802's forecast earnings growth (0.6% per year) is above the savings rate (0.5%).

Earnings vs Market: 1802's earnings (0.6% per year) are forecast to grow slower than the JP market (8.2% per year).

High Growth Earnings: 1802's earnings are forecast to grow, but not significantly.

Revenue vs Market: 1802's revenue (2.2% per year) is forecast to grow slower than the JP market (4.4% per year).

High Growth Revenue: 1802's revenue (2.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 1802's Return on Equity is forecast to be low in 3 years time (11.2%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/09/22 13:46
End of Day Share Price 2025/09/22 00:00
Earnings2025/06/30
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Obayashi Corporation is covered by 24 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Takumi KasaiBofA Global Research
Shusuke TeradaCitigroup Inc
Masahiro MochizukiCLSA