Obayashi raised its full-year ordinary profit forecast from the previous estimate to ¥210 billion, expecting record-high profit. Second-quarter ordinary profit rose sharply year on year to ¥102.3 billion.
Obayashi announced its financial results on 13 November, reporting consolidated ordinary profit of ¥102.3 billion for the cumulative second quarter (April–September) of the fiscal year ending March 2027, up 21.1% year on year.
The company revised its full-year ordinary profit forecast upward from the previous ¥183 billion to ¥210 billion, and expects increases in sales, operating profit, ordinary profit and net income. The upward revision from the previous forecast was 14.8%, and full-year results are expected to set a new record high.
However, based on first-half results and the first-half plan, consolidated ordinary profit for the second half is expected to decline year on year, calculated at approximately ¥107.6 billion for the October–March period. In the latest three-month results, ordinary profit for July–September was ¥65.9 billion, while the operating margin on sales fell from 10.1% to 9.2%.