Komori
Presentation materials for financial results1802OBAYASHI CORPORATIONConstruction and Materials

Earnings Presentation for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2026

In the interim period of the fiscal year ending March 2026, net sales decreased 5.0% year on year, while operating profit increased 78.0% and interim net income attributable to owners of the parent increased 42.9%. The full-year forecast was revised upward slightly for net sales and substantially for operating profit, ordinary profit and net income.

Worth reading
49Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
43000
¥ million (full-year revision to the consolidated operating profit forecast)
Wording
Conditional
How definitive the wording is.

Contents of this document

Presentation materials for financial results2026年3月期 第2四半期（中間期）8 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,161,287 million-5.0%
Operating profit¥80,077 million+78.0%
Ordinary income¥84,547 million+72.2%
Net income¥77,967 million +42.9%interim net income attributable to owners of the parent
Selling, general and administrative expenses¥78,700 million
Gross Profit Margin
Rate13.7
Year-on-year change (points)4.1
Operating profit margin
Rate6.9
Year-on-year change (points)3.2
Full-year earnings forecast
Net Sales
¥2,570,000 million
Operating profit
¥165,000 million
Ordinary income
¥172,000 million
Profit attributable to owners of the parent
¥149,000 million
EPS
¥214.01
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales45.2
Operating profit48.5
Ordinary income49.2
Interim net income attributable to owners of the parent52.3
Orders received50.6
By segment建築・土木・建設事業計・不動産事業等および国内海外別にも記載
What the company explained in this material
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The materials state that the forecasts are based on certain assumptions deemed reasonable, but the figures are not disclosed
Key KPIsA metric the company considers important as a management benchmark.
  • Interim earnings per share (EPS)¥110.84
  • Equity ratio40.7 %
    Year on year against the same period last year+2.6%
  • Orders received14,768 Hundreds of millions of yen
    Year on year against the same period last year-8.7%
  • Carried-forward construction work¥2,778,859 million
    Year on year against the same period last year+10.6%
Segment results
  • Total construction business
    Net Sales1,083,308
    Operating profit68,009
    Operating profit_yoy_pct76.6
  • Real Estate Business and Other Operations
    Net Sales77,979
    Operating profit12,068
    Operating profit_yoy_pct86.6
Financial targets
自己資本比率の実績40.7%は記載されているが、目標値はNot disclosed
Orders received and order backlog
Orders received
14,768 Hundreds of millions of yen
Carried-forward construction work
¥2,778,859 million
Annual Dividend
Annual¥82
Interim¥41
End of period¥41
Payout ratio
38.3
Acquisition of treasury shares
2025年8月8日公表の自己株式取得をEPS計算で考慮したとの記載はあるが、取得枠の金額・株数・期間はNot disclosed
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period Covered2026年3月期 第2四半期（中間期）
Net Sales¥1,161,287 million (YoY -5.0%)
Operating profit¥80,077 million (YoY +78.0%)
Ordinary income¥84,547 million (YoY +72.2%)
Net income¥77,967 million (interim net income attributable to owners of the parent) (YoY +42.9%)
Gross Profit MarginRate 13.7 / Year-on-year change (points) 4.1
Operating profit marginRate 6.9 / Year-on-year change (points) 3.2
Selling, general and administrative expenses¥78,700 million
Full-year earnings forecastNet Sales ¥2,570,000 million / Operating profit ¥165,000 million / Ordinary income ¥172,000 million / Profit attributable to owners of the parent ¥149,000 million / EPS ¥214.01
Progress against full-year forecastNet Sales 45.2 / Operating profit 48.5 / Ordinary income 49.2 / Interim net income attributable to owners of the parent 52.3 / Orders received 50.6 / By segment 建築・土木・建設事業計・不動産事業等および国内海外別にも記載
Segment resultsSegment Total construction business / Net Sales ¥1,083,308 million / yoy_pct ¥-8 million / Operating profit ¥68,009 million / Operating profit_yoy_pct ¥76.6 million, Segment Real Estate Business and Other Operations / Net Sales ¥77,979 million / yoy_pct ¥72 million / Operating profit ¥12,068 million / Operating profit_yoy_pct ¥86.6 million
Key KPIsIndicator Interim earnings per share (EPS) / Value ¥110.84 / Year on year against the same period last year Not disclosed, Indicator Equity ratio / Value 40.7 % / Year on year against the same period last year 2.6 %, Indicator Orders received / Value 14,768 Hundreds of millions of yen / Year on year against the same period last year -8.7 Hundreds of millions of yen, Indicator Carried-forward construction work / Value ¥2,778,859 million / Year on year against the same period last year ¥10.6 million
Assumptions Underlying the Business OutlookThe materials state that the forecasts are based on certain assumptions deemed reasonable, but the figures are not disclosed
Financial targets自己資本比率の実績40.7%は記載されているが、目標値はNot disclosed
Annual DividendAnnual ¥82 / Interim ¥41 / End of period ¥41
Payout ratio38.3
Acquisition of treasury shares2025年8月8日公表の自己株式取得をEPS計算で考慮したとの記載はあるが、取得枠の金額・株数・期間はNot disclosed
Orders received and order backlogOrders received 14,768 Hundreds of millions of yen / Carried-forward construction work ¥2,778,859 million
Items this document does not state (12)
Results for the three months of the current quarterSelf-assessment against the planBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsCapital expendituresMarket Size / ShareKey points of the Q&ANew initiatives

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

通期予想を修正したことは示されているが、修正理由や中間期の業績変動要因について、本文中に具体的な説明はない。

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Earnings Presentation for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2026 | OBAYASHI CORPORATION (1802) timely disclosure | Komori