Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPThe width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Revenue declined in the domestic building business due to the reaction to the progress of large projects in the previous fiscal year, among other factors, while projects in progress advanced steadily in the overseas building and domestic and overseas civil engineering businesses. Operating profit increased due to the acquisition of additional and variation orders and highly profitable projects in the domestic building business, an increase in and steady progress of projects in progress in the overseas civil engineering business, and the sale of development properties in the real estate business.
Not applicable.
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥2,586,258 million (YoY -0.2%) |
| Operating profit | ¥194,678 million (YoY +36.6%) |
| Ordinary income | ¥204,195 million (YoY +34.1%) |
| Profit attributable to owners of the parent | ¥173,759 million (YoY +19.5%) |
| Net income per share | ¥249.42 |
| Operating Margin | 7.5% |
| Equity ratio | End of the current fiscal period 40.0% / End of previous period 38.1% |
| Total assets | ¥3,143,449 million |
| Net assets | ¥1,316,466 million |
| Cash flows from operating activities | ¥252,920 million |
| Cash flows from investing activities | ¥-84,363 million |
| Cash flows from financing activities | ¥-141,449 million |
| Cash and cash equivalents at end of period | ¥416,028 million |
| Full-year earnings forecast | Net Sales ¥2,945,000 million (YoY +13.9%) / Operating profit ¥180,000 million (YoY -7.5%) / Ordinary income ¥183,000 million (YoY -10.4%) / Profit attributable to owners of the parent ¥157,000 million (YoY -9.6%) |
| Annual Dividend Forecast | ¥88 per share → ¥94 per share（+6.8%） |
| Payout ratio | 35.3% (actual for the fiscal year ended March 2026), 41.2% (forecast for the fiscal year ending March 2027) |
| Shareholder Return Policy | The company plans to pay dividends targeting a dividend-on-equity ratio (DOE) of approximately 5%. In addition to regular dividends, the company plans to implement special dividends and share buybacks flexibly. |
| Segment revenue | Domestic building ¥1,138,762 million (YoY -14.8%), Overseas building ¥507,992 million (YoY +6.3%), Domestic civil engineering ¥426,623 million (YoY +6.1%), Overseas civil engineering ¥336,000 million (YoY +34.2%), Real Estate ¥106,798 million (YoY +46.9%), Other ¥70,082 million (YoY +39.4%) |
| Segment profit | Domestic building ¥103,615 million (YoY +65.2%), Overseas building ¥11,415 million (YoY -9.9%), Domestic civil engineering ¥40,649 million (YoY +0.5%), Overseas civil engineering ¥15,238 million (YoY +90.3%), Real Estate ¥19,924 million (YoY +24.2%), Other ¥2,844 million (YoY +29.8%) |
| Orders received and order backlog | Orders received ¥28,498 100 million (YoY -9.9%) / Order backlog Not disclosed |
| Depreciation and amortization | ¥36,353 million |
| Impairment loss | ¥1,712 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥48,986 million, Other ¥859 million / Extraordinary loss Impairment Losses ¥1,712 million, Loss on Disposal of Fixed Assets ¥1,210 million, Impairment loss on investment securities ¥898 million, Other ¥809 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes Yes / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | 0 additions and 0 exclusions (no material change in the scope of consolidation during the period) |
| Material subsequent events | The company resolved to acquire shares in PT JTD JAYA PRATAMA, an Indonesian toll road concession business company, making it an equity-method affiliate, and to establish the local company PT Obayashi Concession Indonesia to carry out the share acquisition. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for analysts and institutional investors) |
| Issued Shares at Period-End | 691,811,346 Shares |
| Treasury Shares at Period-End | 4,389,832 Shares |
| Factors Behind Changes in Business Performance | Revenue declined in the domestic building business due to the reaction to the progress of large projects in the previous fiscal year, among other factors, while projects in progress advanced steadily in the overseas building and domestic and overseas civil engineering businesses. Operating profit increased due to the acquisition of additional and variation orders and highly profitable projects in the domestic building business, an increase in and steady progress of projects in progress in the overseas civil engineering business, and the sale of development properties in the real estate business. |
Items this document does not state (2)
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.Revenue declined 0.2% year on year as domestic building revenue decreased due to the reaction to the progress of large projects in the previous fiscal year, among other factors, despite steady progress on projects in progress in the overseas building and domestic and overseas civil engineering businesses. Operating profit increased due to the acquisition of additional and variation orders and the greater contribution from highly profitable projects in the domestic building business, an increase in projects in progress and steady progress in the overseas civil engineering business, and the sale of development properties in the real estate business.