TSE:1802
TSE:1802Construction

Did Upgraded Earnings Guidance Just Shift Obayashi's (TSE:1802) Investment Narrative?

On November 5, 2025, Obayashi Corporation announced an upward revision to its consolidated and non-consolidated earnings guidance for the fiscal year ending March 31, 2026, citing increased net sales and profits due to favorable construction project progress and improved overseas subsidiary performance. An interesting detail is the significant improvement in expected profit margins for completed construction projects, driven by change orders on multiple large-scale domestic projects and the...