Obayashi Corporation TSE:1802
Obayashi : Financial Data Book (FY ended March 31, 2022 - FY ended March 31, 2026)
Source: MarketScreener
Financial Data Book
FY2021 - FY2025
Fiscal Year Ended March 31, 2022 - Fiscal Year Ended March 31, 2026 (Consolidated and Non-consolidated)
Contents
Consolidated Financial Information
Consolidated Key Financial Data 1
Consolidated Balance Sheet 2
Consolidated Statement of Income 5
Consolidated Statement of Cash Flows 6
Segment Information 7
Non-consolidated Financial Information
Non-consolidated Key Financial Data 8
Non-consolidated Balance Sheet 9
Non-consolidated Statement of Income 12
Non-consolidated Gross Profit on Completed Construction Contracts 13
Non-consolidated Orders Received, Net Sales and Project in Process
① Orders Received 14
② Net Sales 15
③ Project in Process 16
Disclaimer: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.
1. Consolidated Financial Information
Consolidated Key Financial Data
(Yen in millions)
FY ended March 31,
2022
2023
2024
2025
2026
Orders received
2,146,326
2,222,290
2,513,088
3,316,662
3,009,078
Orders received (Construction business)
2,042,487
2,107,374
2,355,067
3,161,895
2,849,812
Net sales
1,922,884
1,983,888
2,325,162
2,590,765
2,586,258
Gross profit
154,339
216,569
219,602
295,386
364,691
Operating profit
41,051
93,800
79,381
142,469
194,678
Ordinary profit
49,844
100,802
91,515
152,236
204,195
Profit attributable to owners of parent
39,127
77,671
75,059
145,355
173,759
Comprehensive income
48,546
74,244
189,756
95,997
222,645
Net assets
988,913
1,035,881
1,195,244
1,210,201
1,316,466
Total assets
2,422,085
2,609,929
3,019,118
3,042,778
3,143,449
Net assets per share (yen)
1,333.10
1,390.77
1,606.18
1,628.88
1,830.64
Dividend paid per share (yen)
32
42
75
81
88
Basic earnings per share (yen)
54.55
108.34
104.69
202.91
249.42
Operating margin
(%)
2.1
4.7
3.4
5.5
7.5
Equity-to-asset ratio
(%)
39.5
38.2
38.1
38.1
40.0
Rate of return on equity (ROE)
(%)
4.1
8.0
7.0
12.6
14.4
Return on invested capital (ROIC)
(%)
2.3
4.9
3.8
6.4
8.4
Price-earnings ratio (PER)
(times)
16.5
9.4
17.8
9.8
15.1
Payout ratio
(%)
58.7
38.8
71.6
39.9
35.3
Dividend on equity ratio (DOE)
(%)
2.4
3.1
5.0
5.0
5.1
Net cash provided by (used in) operating activities
69,697
228,456
50,399
84,161
252,920
Net cash provided by (used in) investing activities
(49,833)
(101,610)
(84,471)
10,044
(84,363)
Net cash provided by (used in) financing activities
(12,457)
22,118
(51,922)
(50,440)
(141,449)
Cash and cash equivalents
249,317
405,633
326,688
380,169
416,028
Number of employees
15,470
15,876
16,986
17,305
18,031
Average number of temporary employees not included in the above
(persons)
[ 3,497]
[ 3,381]
[ 3,774]
[ 3,441]
[ 3,598]
Number of consolidated subsidiaries (number of companies)
98
108
118
123
130
Number of associates accounted for (number of companies)
using equity method
26
27
28
29
26
Interest-bearing debt
197,376
261,222
249,756
285,212
279,578
Nonrecourse loans
83,060
76,699
74,128
77,553
64,488
Total amount of interest-bearing debt and nonrecourse loans
280,436
337,921
323,884
362,765
344,066
Guarantee obligations
24,157
12,596
7
9,824
2
Capital expenditure
55,415
92,394
78,406
49,411
111,188
Research and development expenses
15,841
15,330
16,538
16,393
17,790
Depreciation
20,691
23,941
27,117
32,087
36,353
Note: Due to a change in accounting policy, results for the fiscal year ended March 31, 2025, have been re-presented retrospectively.
Consolidated Balance Sheet
(Yen in millions)
As of March 31, | |||||||
2022 | 2023 | 2024 | 2025 | 2026 | |||
Assets Current assets Cash and deposits Notes receivable, accounts receivable from completed construction contracts and other Electronically recorded monetary claims - operating Securities Real estate for sale Costs on construction contracts in progress Costs on real estate business Inventories for PFI and other projects Other inventories Accounts receivable - other Other Allowance for doubtful accounts | 265,042 | 419,405 | 339,188 | 394,728 | 430,885 | ||
902,244 | 832,939 | 1,036,514 | 1,139,624 | 1,083,224 | |||
12,162 | 21,189 | 40,717 | 15,172 | 15,112 | |||
5,988 | 7,285 | 8,430 | 11,410 | 9,791 | |||
19,436 | 15,874 | 15,236 | 31,301 | 24,103 | |||
43,823 | 35,428 | 40,121 | 38,399 | 49,758 | |||
28,300 | 30,405 | 35,530 | 38,006 | 38,274 | |||
10,127 | 6,610 | 4,847 | 3,141 | 1,545 | |||
9,182 | 12,120 | 15,788 | 16,013 | 12,568 | |||
78,433 | 98,866 | 127,323 | 96,954 | 89,594 | |||
20,938 | 25,572 | 32,709 | 32,132 | 30,555 | |||
(162) | (147) | (7,270) | (7,425) | (6,871) | |||
Total current assets Non-current assets Property, plant and equipment Buildings and structures Machinery, vehicles, tools, furniture and fixtures Land Leased assets Construction in progress | 1,395,517 | 1,505,551 | 1,689,137 | 1,809,460 | 1,778,543 | ||
121,482 | 142,968 | 191,208 | 207,945 | 230,151 | |||
68,716 | 79,252 | 80,155 | 81,664 | 83,082 | |||
378,270 | 408,031 | 413,163 | 424,354 | 453,952 | |||
493 | 4,823 | 5,175 | 6,001 | 7,223 | |||
54,343 | 57,470 | 46,212 | 17,611 | 18,557 | |||
Total property, plant and equipment Intangible assets Investments and other assets Investment securities Long-term loans receivable Deferred tax assets Retirement benefit asset Other Allowance for doubtful accounts | 623,306 | 692,545 | 735,914 | 737,577 | 792,967 | ||
8,648 | 17,932 | 38,537 | 37,116 | 63,111 | |||
337,976 | 306,570 | 422,583 | 311,557 | 339,322 | |||
2,096 | 1,312 | 2,637 | 2,812 | 3,070 | |||
2,129 | 5,137 | 3,256 | 3,031 | 2,152 | |||
35 | 2,900 | 7,482 | 8,718 | 13,688 | |||
52,549 | 78,148 | 119,721 | 132,675 | 150,811 | |||
(175) | (170) | (152) | (171) | (217) | |||
Total investments and other assets | 394,612 | 393,899 | 555,529 | 458,624 | 508,827 | ||
Total non-current assets | 1,026,567 | 1,104,377 | 1,329,981 | 1,233,318 | 1,364,906 | ||
Total assets | 2,422,085 | 2,609,929 | 3,019,118 | 3,042,778 | 3,143,449 | ||
(Yen in millions)
As of March 31, | |||||
2022 | 2023 | 2024 | 2025 | 2026 | |
Liabilities | |||||
Current liabilities | |||||
Notes payable, accounts payable for construction contracts and other | 500,757 | 526,734 | 676,252 | 678,719 | 594,367 |
Electronically recorded obligations - operating | 128,960 | 145,520 | 144,615 | 95,232 | 87,635 |
Short-term borrowings | 62,785 | 67,170 | 68,142 | 97,532 | 75,203 |
Current portion of nonrecourse loans | 14,122 | 8,611 | 8,252 | 9,496 | 8,510 |
Current portion of bonds payable | - | 20,000 | 10,000 | - | 66 |
Lease liabilities | 294 | 1,425 | 2,105 | 2,709 | 2,950 |
Income taxes payable | 9,982 | 22,375 | 10,398 | 49,085 | 41,810 |
Advances received on construction contracts in progress | 137,174 | 132,979 | 191,909 | 193,434 | 299,979 |
Deposits received | 143,850 | 158,487 | 202,026 | 177,156 | 195,692 |
Provision for warranties for completed construction | 3,138 | 3,004 | 3,155 | 3,333 | 2,977 |
Provision for loss on construction contracts | 53,146 | 43,205 | 33,149 | 16,726 | 8,575 |
Other | 74,390 | 96,919 | 83,510 | 129,931 | 111,757 |
Total current liabilities | 1,128,602 | 1,226,434 | 1,433,517 | 1,453,358 | 1,429,526 |
Non-current liabilities Bonds payable | 40,000 | 50,000 | 40,107 | 60,091 | 60,009 |
Long-term borrowings | 94,590 | 124,051 | 131,507 | 127,589 | 144,299 |
Nonrecourse loans | 68,937 | 68,087 | 65,875 | 68,056 | 55,977 |
Lease liabilities | 144 | 5,018 | 6,915 | 8,160 | 9,464 |
Deferred tax liabilities | 10,222 | 4,053 | 48,689 | 14,558 | 23,859 |
Deferred tax liabilities for land revaluation | 18,445 | 18,421 | 17,931 | 18,124 | 17,736 |
Provision for share awards for directors (and other officers) | 436 | 599 | 625 | 686 | 703 |
Provision for environmental measures | 26 | 23 | 23 | - | - |
Retirement benefit liability | 47,977 | 51,835 | 51,914 | 52,095 | 50,528 |
Other | 23,788 | 25,522 | 26,765 | 29,855 | 34,877 |
Total non-current liabilities | 304,569 | 347,613 | 390,356 | 379,218 | 397,457 |
Total liabilities | 1,433,171 | 1,574,048 | 1,823,874 | 1,832,577 | 1,826,983 |