Obayashi's full-year results for the fiscal year ending March 2026 showed revenue of 2.5862 trillion yen, down 0.2% year on year, operating profit of 194.6 billion yen, up 36.6%, ordinary profit of 204.1 billion yen, up 34.1%, and net profit attributable to owners of the parent of 173.7 billion yen, up 19.5%, marking a record high for net profit. While revenue was roughly flat, operating profit rose 52.2 billion yen from the previous year, which the company attributed to additional and change-order work secured in its domestic building business, contributions from highly profitable projects, an increase in and smooth progress of backlogged work in its overseas civil engineering business, and property sales in its real estate business. Its operating profit margin was 7.5%, slightly above the construction industry median of 7.2%, while ROE came in at 14.4%, clearly exceeding the median of 10.8%. Meanwhile, the company's full-year forecast for the fiscal year ending March 2027 projects revenue of 2.945 trillion yen, up 13.9%, but operating profit of 180 billion yen, down 7.5%, ordinary profit of 183 billion yen, down 10.4%, and net profit of 157 billion yen, down 9.6%, amounting to higher revenue but lower profit. Operating cash flow for the fiscal year ending March 2026 swelled to 252.9 billion yen, three times the previous year's 84.1 billion yen and far exceeding net profit, while investing cash flow was an outflow of 84.3 billion yen and financing cash flow an outflow of 141.4 billion yen, leaving free cash flow at 168.5 billion yen and cash at period end building up to 416 billion yen.
Obayashi CorporationObayashi posted record net profit of 173.7 billion yen, up 19.5%, with operating profit up 36.6% on change-order work, overseas civil engineering, and real estate sales.
