Obayashi Corporation

TSE:1802 Stock Report

Market Cap: JP¥2.2t

Obayashi Future Growth

Future criteria checks 1/6

Obayashi is forecast to grow earnings and revenue by 1.8% and 5.7% per annum respectively. EPS is expected to grow by 2.7% per annum. Return on equity is forecast to be 12.8% in 3 years.

Key information

1.8%

Earnings growth rate

2.73%

EPS growth rate

Construction earnings growth4.8%
Revenue growth rate5.7%
Future return on equity12.84%
Analyst coverage

Good

Last updated26 Jun 2026

Recent future growth updates

Analysis Article • May 15

Obayashi Corporation (TSE:1802) Just Released Its Full-Year Results And Analysts Are Updating Their Estimates

Shareholders might have noticed that Obayashi Corporation ( TSE:1802 ) filed its annual result this time last week. The...
Analysis Article • Feb 13

Obayashi Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Obayashi Corporation ( TSE:1802 ) investors will be delighted, with the company turning in some strong numbers with its...

Recent updates

Analysis Article • May 20

Obayashi's (TSE:1802) Shareholders May Want To Dig Deeper Than Statutory Profit

The stock price didn't jump after Obayashi Corporation ( TSE:1802 ) posted decent earnings last week. We did some...
Analysis Article • May 15

Obayashi Corporation (TSE:1802) Just Released Its Full-Year Results And Analysts Are Updating Their Estimates

Shareholders might have noticed that Obayashi Corporation ( TSE:1802 ) filed its annual result this time last week. The...
Analysis Article • Feb 13

Obayashi Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Obayashi Corporation ( TSE:1802 ) investors will be delighted, with the company turning in some strong numbers with its...
Analysis Article • Feb 12

Obayashi's (TSE:1802) Shareholders Will Receive A Bigger Dividend Than Last Year

The board of Obayashi Corporation ( TSE:1802 ) has announced that it will be paying its dividend of ¥46.00 on the 29th...
Analysis Article • Feb 09

Obayashi Corporation (TSE:1802) Stock Rockets 25% As Investors Are Less Pessimistic Than Expected

Obayashi Corporation ( TSE:1802 ) shares have continued their recent momentum with a 25% gain in the last month alone...
Analysis Article • Jan 01

Is There An Opportunity With Obayashi Corporation's (TSE:1802) 31% Undervaluation?

Key Insights The projected fair value for Obayashi is JP¥4,707 based on 2 Stage Free Cash Flow to Equity Obayashi's...
Analysis Article • Dec 18

Obayashi (TSE:1802) Has Announced A Dividend Of ¥41.00

Obayashi Corporation's ( TSE:1802 ) investors are due to receive a payment of ¥41.00 per share on 29th of June. This...
Analysis Article • Dec 02

Obayashi (TSE:1802) Is Due To Pay A Dividend Of ¥41.00

The board of Obayashi Corporation ( TSE:1802 ) has announced that it will pay a dividend on the 29th of June, with...
Analysis Article • Nov 07

Obayashi Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

It's been a good week for Obayashi Corporation ( TSE:1802 ) shareholders, because the company has just released its...
Analysis Article • Oct 28

Obayashi (TSE:1802) May Have Issues Allocating Its Capital

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article • Oct 08

Obayashi (TSE:1802) Seems To Use Debt Quite Sensibly

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Sep 11

Obayashi (TSE:1802) Will Pay A Dividend Of ¥41.00

The board of Obayashi Corporation ( TSE:1802 ) has announced that it will pay a dividend of ¥41.00 per share on the 2nd...
Analysis Article • Aug 25

Does Obayashi (TSE:1802) Deserve A Spot On Your Watchlist?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article • Aug 12

Obayashi (TSE:1802) Is Due To Pay A Dividend Of ¥41.00

The board of Obayashi Corporation ( TSE:1802 ) has announced that it will pay a dividend on the 2nd of December, with...
Analysis Article • Jul 24

Obayashi's (TSE:1802) Dividend Will Be ¥41.00

Obayashi Corporation ( TSE:1802 ) will pay a dividend of ¥41.00 on the 2nd of December. This will take the dividend...
Analysis Article • Jul 23

Calculating The Fair Value Of Obayashi Corporation (TSE:1802)

Key Insights The projected fair value for Obayashi is JP¥2,559 based on 2 Stage Free Cash Flow to Equity With JP¥2,214...
Analysis Article • Jul 09

Obayashi (TSE:1802) Is Due To Pay A Dividend Of ¥41.00

Obayashi Corporation ( TSE:1802 ) has announced that it will pay a dividend of ¥41.00 per share on the 2nd of December...
Analysis Article • Jul 08

Obayashi (TSE:1802) Has A Pretty Healthy Balance Sheet

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Earnings and Revenue Growth Forecasts

TSE:1802 - Analysts future estimates and past financials data (JPY Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/20293,108,171178,400160,500213,6337
3/31/20283,013,920165,703147,367197,3638
3/31/20272,900,216162,492173,500201,2228
3/31/20262,586,258173,759127,290252,920N/A
12/31/20252,552,149181,849N/AN/AN/A
9/30/20252,540,792168,919109,339162,403N/A
6/30/20252,572,072138,322N/AN/AN/A
3/31/20252,620,101146,05235,44785,625N/A
12/31/20242,504,774123,118N/AN/AN/A
9/30/20242,484,398100,41811,63890,809N/A
6/30/20242,412,42494,315N/AN/AN/A
3/31/20242,325,16275,059-27,99250,399N/A
12/31/20232,244,34268,613N/AN/AN/A
9/30/20232,140,85768,918-14,43469,014N/A
6/30/20232,061,00172,983N/AN/AN/A
3/31/20231,983,88877,671131,867228,456N/A
12/31/20221,987,83857,305N/AN/AN/A
9/30/20221,948,11558,73235,434110,652N/A
6/30/20221,896,80138,113N/AN/AN/A
3/31/20221,922,88439,12711,66769,697N/A
12/31/20211,866,13065,991N/AN/AN/A
9/30/20211,813,37270,51420,46677,873N/A
6/30/20211,788,19888,315N/AN/AN/A
3/31/20211,766,89398,780-32,62824,803N/A
12/31/20201,851,52792,491N/AN/AN/A
9/30/20201,960,434103,43579,500140,284N/A
6/30/20202,041,432113,118N/AN/AN/A
3/31/20202,073,043113,093190,157237,628N/A
12/31/20192,055,592125,743N/AN/AN/A
9/30/20192,067,837121,141N/A87,284N/A
6/30/20192,049,098117,964N/AN/AN/A
3/31/20192,039,685113,155N/A44,203N/A
12/31/20182,012,36696,074N/AN/AN/A
9/30/20181,920,33093,103N/A113,743N/A
6/30/20181,898,91891,610N/AN/AN/A
3/31/20181,900,65592,662N/A114,034N/A
12/31/20171,910,32699,702N/AN/AN/A
9/30/20171,931,188101,315N/A143,642N/A
6/30/20171,909,71397,528N/AN/AN/A
3/31/20171,872,72194,501N/A158,892N/A
12/31/20161,814,08083,332N/AN/AN/A
9/30/20161,802,20477,123N/A136,307N/A
6/30/20161,788,47768,408N/AN/AN/A
3/31/20161,777,83463,437N/A124,980N/A
12/31/20151,809,49255,067N/AN/AN/A
9/30/20151,797,82142,402N/A85,050N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1802's forecast earnings growth (1.8% per year) is above the savings rate (0.8%).

Earnings vs Market: 1802's earnings (1.8% per year) are forecast to grow slower than the JP market (9.9% per year).

High Growth Earnings: 1802's earnings are forecast to grow, but not significantly.

Revenue vs Market: 1802's revenue (5.7% per year) is forecast to grow slower than the JP market (6.4% per year).

High Growth Revenue: 1802's revenue (5.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 1802's Return on Equity is forecast to be low in 3 years time (12.8%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/30 17:20
End of Day Share Price 2026/06/30 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Obayashi Corporation is covered by 20 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Takumi KasaiBofA Global Research
Shusuke TeradaCitigroup Inc
Masahiro MochizukiCLSA