Obayashi Corporation

TSE:1802 Stock Report

Market Cap: JP¥1.7t

Obayashi Past Earnings Performance

Past criteria checks 4/6

Obayashi has been growing earnings at an average annual rate of 6.9%, while the Construction industry saw earnings growing at 5.5% annually. Revenues have been growing at an average rate of 7.5% per year. Obayashi's return on equity is 12.2%, and it has net margins of 5.4%.

Key information

6.94%

Earnings growth rate

7.01%

EPS growth rate

Construction Industry Growth0.80%
Revenue growth rate7.49%
Return on equity12.23%
Net Margin5.38%
Next Earnings Update05 Nov 2025

Recent past performance updates

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

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%?

Revenue & Expenses Breakdown

How Obayashi makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

TSE:1802 Revenue, expenses and earnings (JPY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 252,572,072138,322156,6660
31 Mar 252,620,101146,052137,99816,393
31 Dec 242,504,774123,118125,99216,538
30 Sep 242,484,398100,418131,71616,538
30 Jun 242,412,42494,315127,22316,538
31 Mar 242,325,16275,059123,68216,538
31 Dec 232,244,34268,613122,76915,330
30 Sep 232,140,85768,918114,25215,330
30 Jun 232,061,00172,983111,25915,330
31 Mar 231,983,88877,671107,43915,330
31 Dec 221,987,83857,305105,44715,841
30 Sep 221,948,11558,732102,02215,841
30 Jun 221,896,80138,11399,58915,841
31 Mar 221,922,88439,12797,44715,841
31 Dec 211,866,13065,99196,30213,661
30 Sep 211,813,37270,51494,02513,661
30 Jun 211,788,19888,31591,11913,661
31 Mar 211,766,89398,78088,96113,661
31 Dec 201,851,52792,49189,16313,734
30 Sep 201,960,434103,43589,16413,734
30 Jun 202,041,432113,11889,17113,734
31 Mar 202,073,043113,09388,94113,734
31 Dec 192,055,592125,74388,59312,312
30 Sep 192,067,837121,14187,87712,312
30 Jun 192,049,098117,96486,78512,312
31 Mar 192,039,685113,15586,23012,312
31 Dec 182,012,36696,07487,28210,602
30 Sep 181,920,33093,10385,81610,602
30 Jun 181,898,91891,61086,19310,602
31 Mar 181,900,65592,66285,90010,602
31 Dec 171,910,32699,70285,71110,553
30 Sep 171,931,188101,31584,84310,553
30 Jun 171,909,71397,52882,24210,553
31 Mar 171,872,72194,50180,63810,553
31 Dec 161,814,08083,33278,77110,081
30 Sep 161,802,20477,12377,31010,081
30 Jun 161,788,47768,40886,9590
31 Mar 161,777,83463,43776,59010,081
31 Dec 151,809,49255,06777,0959,391
30 Sep 151,797,82142,40277,1149,391
30 Jun 151,787,96732,88075,5829,391
31 Mar 151,773,98128,69573,9279,391
31 Dec 141,749,17532,07272,3388,927
30 Sep 141,699,94029,49670,6658,927

Quality Earnings: 1802 has a large one-off gain of ¥49.8B impacting its last 12 months of financial results to 30th June, 2025.

Growing Profit Margin: 1802's current net profit margins (5.4%) are higher than last year (3.9%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: 1802's earnings have grown by 6.9% per year over the past 5 years.

Accelerating Growth: 1802's earnings growth over the past year (46.7%) exceeds its 5-year average (6.9% per year).

Earnings vs Industry: 1802 earnings growth over the past year (46.7%) exceeded the Construction industry 19.3%.


Return on Equity

High ROE: 1802's Return on Equity (12.2%) is considered low.


Return on Assets


Return on Capital Employed


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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