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Obayashi Corporation (1802.T)

JPY3,242.00 +55.00 (+1.73%)
JP JPX Industrials Engineering & Construction
Address Shinagawa Intercity Tower B 108-8502
Tokyo, JP
CEO Toshimi Sato
IPO 2000-01-04
ISIN JP3190000004

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Also trades on Other OTC · OBYCF (USD) Tokyo Stock Exchange · 1802.T (JPY)
Description

Obayashi Corporation is a leading Japanese construction firm with an extensive international presence, operating across Japan, North America, Asia, the Middle East, Europe, and Oceania. Its core business involves constructing a wide array of buildings, including corporate offices, residential condominiums, commercial facilities, industrial factories, hospitals, and educational institutions. Additionally, the company undertakes significant civil engineering projects such as tunnels, bridges, dams, river infrastructure, railways, and expressways. Beyond construction, Obayashi engages in real estate development and leasing, primarily in major metropolitan areas, along with comprehensive property management services. It is also actively involved in renewable energy generation through solar, biomass, hydroelectric, geothermal, and wind power initiatives, as well as public-private partnerships (PPP) and agricultural ventures. The company's diversified portfolio further includes selling construction materials and equipment, developing and marketing computer software, distributing and leasing electronic goods, offering finance-related services, and managing golf clubs. Moreover, Obayashi provides urban planning, contracted engineering, management, and consultancy services, and specializes in mechanical and electrical (M&E) system design and installation. The company was established in Tokyo, Japan, in 1892, where it maintains its headquarters.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
JPY3,242.00 +55.00 (+1.73%)
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Volume Profile
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Liquidity & share structure
Average Volume
3M
Beta
0.47
Float Shares
648.38M
Free Float %
94.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.29% -2.67% -4.15% -14.11% +26.43% +8.78% +69.24% +219.22% +272.31% +234.63% +638.52%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
3,242.00
DCF (Unlevered) 6,085.02 +87.7%
DCF (Levered) 6,915.30 +113.3%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 89% Bullish
Rating 2026-05 Change
Strong Buy 4 +1
Buy 4 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.41
Grey zone
Piotroski F-Score
4 / 9
Average
MOAT Score
4 / 10
Developing
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Engineering & Construction: +6.7%
    -1.3% Q1'26: +2.0% (vs Q1'25)
  • EPS growth Engineering & Construction: +20.8%
    +22.3% Q1'26: -13.7% (vs Q1'25)
  • FCF margin FCF growth · Engineering & Construction: +51.6%
    +8.3% Q1'26: +0.0% (vs Q1'25)
  • EBIT margin Engineering & Construction: +7.0%
    +7.5% Q1'26: +6.9% (vs Q1'25)
  • ROIC Engineering & Construction: +6.4%
    +11.3% Q1'26: +12.4% (vs Q1'25)
  • Share dilution Engineering & Construction: +0.0%
    -2.8% Q1'26: -3.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Engineering & Construction: -0.38×
    1.54× Q1'26: 1.47× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.48) × ERP
WACC = 88% × Ke + 12% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 6,062.47 Current price: 3,242.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
8 Rev. Ana.
8 EPS Ana.
Mar 2027
2 Rev. Ana.
4 EPS Ana.
Mar 2028
7 Rev. Ana.
7 EPS Ana.
Mar 2029
4 Rev. Ana.
4 EPS Ana.
Mar 2030
3 Rev. Ana.
2 EPS Ana.
Revenue
1.77T
est: 1.71T (+3.5%)
1.78T
est: 1.79T (-0.8%)
1.87T
est: 1.87T (+0.2%)
1.90T
est: 1.91T (-0.4%)
2.04T
est: 1.97T (+3.4%)
2.07T
est: 2.04T (+1.5%)
1.77T
est: 1.85T (-4.5%)
1.92T
est: 1.95T (-1.6%)
1.98T
est: 2.03T (-2.5%)
2.33T
est: 2.41T (-3.6%)
2.62T
est: 2.60T (+0.8%)
2.57T
2.56T – 2.57T
-1.1% YoY
2.73T
2.62T – 2.81T
+6.3% YoY
2.87T
2.64T – 3.03T
+5.2% YoY
2.94T
2.82T – 3.02T
+2.2% YoY
3.14T
3.01T – 3.22T
+6.8% YoY
EBITDA
62.78B
est: 121.58B (-48.4%)
120.86B
est: 127.05B (-4.9%)
160.63B
est: 132.55B (+21.2%)
154.04B
est: 135.28B (+13.9%)
184.36B
est: 139.82B (+31.8%)
184.32B
est: 144.89B (+27.2%)
156.61B
est: 131.15B (+19.4%)
78.61B
est: 138.49B (-43.2%)
140.30B
est: 144.25B (-2.7%)
138.49B
est: 171.06B (-19.0%)
248.22B
est: 184.29B (+34.7%)
182.20B
181.81B – 182.50B
-1.1% YoY
193.68B
185.78B – 199.04B
+6.3% YoY
203.75B
186.91B – 215.19B
+5.2% YoY
208.20B
199.71B – 213.96B
+2.2% YoY
222.29B
213.23B – 228.44B
+6.8% YoY
EBIT
62.56B
est: 101.53B (-38.4%)
109.93B
est: 106.09B (+3.6%)
145.43B
est: 110.68B (+31.4%)
139.31B
est: 112.96B (+23.3%)
166.47B
est: 116.76B (+42.6%)
164.30B
est: 120.98B (+35.8%)
136.44B
est: 109.52B (+24.6%)
58.30B
est: 115.64B (-49.6%)
116.19B
est: 120.45B (-3.5%)
110.64B
est: 142.84B (-22.5%)
215.77B
est: 153.89B (+40.2%)
152.14B
151.81B – 152.39B
-1.1% YoY
161.73B
155.13B – 166.20B
+6.3% YoY
170.14B
156.07B – 179.69B
+5.2% YoY
173.85B
166.77B – 178.67B
+2.2% YoY
185.62B
178.05B – 190.76B
+6.8% YoY
Net Income
28.70B
est: 26.81B (+7.0%)
63.44B
est: 60.05B (+5.6%)
94.50B
est: 90.14B (+4.8%)
92.66B
est: 99.67B (-7.0%)
113.16B
est: 101.06B (+12.0%)
113.09B
est: 116.24B (-2.7%)
98.78B
est: 96.75B (+2.1%)
39.13B
est: 41.80B (-6.4%)
77.67B
est: 72.98B (+6.4%)
75.06B
est: 94.32B (-20.4%)
146.05B
est: 128.56B (+13.6%)
178.66B
175.19B – 182.14B
+39.0% YoY
165.50B
164.17B – 166.83B
-7.4% YoY
172.50B
161.97B – 196.57B
+4.2% YoY
201.12B
192.48B – 209.75B
+16.6% YoY
230.31B
218.11B – 238.60B
+14.5% YoY
SGA
73.93B
est: 89.52B (-17.4%)
76.59B
est: 93.55B (-18.1%)
80.64B
est: 97.60B (-17.4%)
85.90B
est: 99.61B (-13.8%)
86.23B
est: 102.95B (-16.2%)
88.94B
est: 106.68B (-16.6%)
88.96B
est: 96.57B (-7.9%)
97.45B
est: 101.97B (-4.4%)
107.44B
est: 106.21B (+1.2%)
123.68B
est: 125.95B (-1.8%)
138.00B
est: 135.69B (+1.7%)
134.16B
133.87B – 134.38B
-1.1% YoY
142.61B
136.79B – 146.56B
+6.3% YoY
150.02B
137.62B – 158.44B
+5.2% YoY
153.30B
147.05B – 157.54B
+2.2% YoY
163.67B
157.00B – 168.21B
+6.8% YoY
EPS
39.96
est: 37.42 (+6.8%)
88.36
est: 83.83 (+5.4%)
131.66
est: 125.83 (+4.6%)
129.09
est: 139.13 (-7.2%)
157.65
est: 141.07 (+11.8%)
157.59
est: 162.26 (-2.9%)
137.64
est: 135.06 (+1.9%)
54.55
est: 58.35 (-6.5%)
108.34
est: 103.68 (+4.5%)
104.69
est: 131.54 (-20.4%)
203.88
est: 181.00 (+12.6%)
248.48
244.56 – 254.25
+37.3% YoY
230.79
229.17 – 232.89
-7.1% YoY
253.05
226.10 – 274.40
+9.6% YoY
283.24
268.69 – 292.79
+11.9% YoY
321.50
304.46 – 333.07
+13.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-14 A 4/5 5/5 4/5 4/5 3/5 3/5 3/5
2026-05-13 A- 4/5 3/5 4/5 5/5 2/5 4/5 3/5
2026-05-12 A- 4/5 3/5 4/5 5/5 2/5 4/5 3/5
2026-05-11 A- 4/5 3/5 4/5 5/5 2/5 4/5 3/5
2026-05-08 A- 4/5 3/5 4/5 5/5 2/5 4/5 3/5
2026-05-07 A- 4/5 3/5 4/5 5/5 2/5 4/5 3/5
2026-05-01 A- 4/5 3/5 4/5 5/5 2/5 4/5 3/5
2026-04-30 A- 4/5 3/5 4/5 5/5 2/5 4/5 3/5
2026-04-28 A- 4/5 3/5 4/5 5/5 2/5 4/5 3/5
2026-04-27 A- 4/5 3/5 4/5 5/5 2/5 4/5 3/5
2026-04-24 A- 4/5 3/5 4/5 5/5 2/5 4/5 3/5
2026-04-23 A- 4/5 3/5 4/5 5/5 1/5 4/5 3/5
2026-04-22 A- 4/5 3/5 4/5 5/5 1/5 4/5 3/5
2026-04-21 A- 4/5 3/5 4/5 5/5 1/5 4/5 3/5
2026-04-20 A- 4/5 3/5 4/5 5/5 1/5 4/5 3/5
2026-04-17 A- 4/5 3/5 4/5 5/5 1/5 4/5 3/5
2026-04-16 A- 4/5 3/5 4/5 5/5 1/5 4/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
37.25B
OE per share TTM
51.61
Owner's Yield
1.52%
Maintenance CapEx ratio
87.90%
Maint CapEx / Avg PPE
31.2%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
11.46M
Shares Outstanding
687.42M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Atsushi Sasagawa Executive Vice President, Head of Marketing Division & Representative Director male
Eisuke Yamamoto Managing Executive Officer & Deputy GM of Overseas Business Division
Hiromitsu Kato Managing Executive Officer & Head of North American Regional Headquarters
Hironobu Kawakami Executive VP & Head of Technology Division
Isamu Kakeno Executive Vice President & GM of Osaka Main Office
Koichi Kamo Managing Executive Officer & Head of Design Department
Naoki Kajita Senior Managing Executive Officer & Head of Technology Division
Shuji Kurokawa Managing Executive Officer & GM of Civil Engineering Construction Division-Tokyo Main Office
Tetsuya Mizoguchi Managing Executive Officer & Head of Digital Transformation Division male
Toshimi Sato President, CEO & Representative Director male
Yoshiharu Nakamura Senior Managing Executive Officer & GM of Overseas Business Division
Yoshihito Sasaki Executive Vice President, Head of Civil Engineering Construction Division & Representative Director
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits