Obayashi Corporation TSE:1802
FY2025 3rd Quarter : Presentation on Financial Results With Notes (April 1, 2025 to December 31, 2025)
Source: MarketScreener
Obayashi Corporation
Presentation on Financial Results for FY2025 3rd Quarter (First Nine Months) (April 1, 2025 to December 31, 2025)
February 9, 2026
Disclaimer Regarding the Appropriate Use of Financial Forecasts:
The forward-looking statements in this document, including financial forecasts, are based on information currently available to the Company and certain assumptions that the Company has judged to be reasonable, and are not intended as a guarantee of their realization. Actual results may differ significantly from the forecasts due to various factors.
Disclaimer Regarding the Translation:
This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
PRIME 1802
INDEX
1
Revisions to FY2025 Full Year Forecasts
2
FY2025 First Nine Months Results
3
FY2025 Full Year Forecasts
4
Overview of Each Business Segment
© OBAYASHI CORPORATION, All rights reserved.
2
1
Revisions to FY2025 Full Year Forecasts
© OBAYASHI CORPORATION, All rights reserved.
3
Net Sales | Operating Income | Ordinary Income | Profit Attributable to Owners of Parent | Profit Attributable to Owners of Parent Per Share (EPS) | New Orders | |
Previously Announced Forecasts* (A) | Millions of yen 2,570,000 | Millions of yen 165,000 | Millions of yen 172,000 | Millions of yen 149,000 | Yen 214.01 | Millions of yen 2,920,000 |
Revised Forecasts (B) | 2,570,000 | 195,000 | 205,000 | 170,000 | 244.03 | 3,050,000 |
Change (B-A) | 0 | +30,000 | +33,000 | +21,000 | +130,000 |
Net Sales | Operating Income | Ordinary Income | Profit | Profit Per Share (EPS) | New Orders | |
Previously Announced Forecasts* (A) | Millions of yen 1,530,000 | Millions of yen 111,000 | Millions of yen 154,000 | Millions of yen 146,000 | Yen 209.70 | Millions of yen 1,653,000 |
Revised Forecasts (B) | 1,515,000 | 136,000 | 182,000 | 165,000 | 236.85 | 1,653,000 |
Change (B-A) | (15,000) | +25,000 | +28,000 | +19,000 | 0 |
1 Revisions to FY2025 Full Year Forecasts
2
3
4
Revisions to FY2025 Full Year Forecasts
We have revised the forecasts disclosed on November 5, 2025 (the "previously announced forecasts") as follows.
FY2025 Full Year Consolidated Forecasts
FY2025 Full Year Non-Consolidated Forecasts
Reasons for the Revisions
Gross profit on completed construction contracts in the domestic building construction business increased due to factors including cost reductions, additional claim approvals, and change orders on large-scale projects as well as other projects in the final stages of the construction period.
Gross profit on completed construction contracts in the domestic civil engineering business increased due to factors including design changes on large-scale projects and an increase in net sales of completed construction
contracts.
Gross profit on completed construction contracts in the overseas construction business increased due to factors including improved profitability on projects in hand.
© OBAYASHI CORPORATION, All rights reserved.
4
DOE (%) | 1.4 | 1.6 | 2.5 | 3.6 | 3.1 | 3.2 | 2.9 | 2.6 | 2.4 | 3.1 | 5.0 | 5.0 | 5.0 |
(Reference) Dividend Payout Ratio (%) | 26.6 | 25.0 | 20.4 | 21.3 | 21.7 | 20.3 | 20.3 | 23.2 | 58.7 | 38.8 | 71.6 | 39.9 | 35.7 |
(Reference) Total Payout Ratio (%) | - | - | - | - | - | - | - | - | - | - | - | 48.1 | - |
1 Revisions to FY2025 Full Year Forecasts
2
3
4
Revisions to FY2025 Dividend Forecast
The annual ordinary dividend will be ¥87 per share, an increase of ¥5 from the previously announced forecast of ¥82, in accordance with a policy that sets a dividend
on equity ratio (DOE) of around 5%.
Shareholder Returns
87
Total amount of dividends paid (billions of yen)
Share buyback (billions of yen) Dividends per share (yen)
75
81
42
28
28
32
32
32
32
18
8
10
FY2013
FY2014
FY2015
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024 FY2025
Forecast
Medium- Term Business Plan 2017
Medium- Term Business Plan 2022
*DOE for FY2013-2021 is for reference only.
*DOE = Total annual dividends (interim + year-end) / {(Equity as of the end of the previous fiscal year + Equity as of the end of the current fiscal year) / 2}
© OBAYASHI CORPORATION, All rights reserved.
5
5.7
57.9
11.9
58.0
7.1
12.9
20.1
20.1
22.9
22.9
22.9
22.9
30.1
53.8