【Obayashi Corporation】2026 Financial Results｜Revenue of 2.59 trillion yen, Net profit of 1,739 billion yen

Performance Overview

Obayashi Corporation posted consolidated results for fiscal year March 2026 with revenue of 2.5862 trillion yen (down 0.2% YoY), operating income of 194.7 billion yen (up 36.6% YoY), and net income of 173.7 billion yen (up 19.5% YoY). Domestic and overseas construction and civil engineering projects performed well, with offshore civil engineering and real estate sales contributing to profit growth. The segment breakdown shows a focus on construction, with overseas building and civil engineering sectors performing strongly. The outlook for the next period remains favorable with projected revenue of 2.945 trillion yen and net income of 1.57 trillion yen.

Shareholder Returns and Capital Policy

Our basic policy is to maintain stable, long-term dividends. For fiscal year March 2026, the expected annual dividend is 88 yen (interim 41 yen, year-end 47 yen). We aim to keep the payout ratio around 35%, with an anticipated dividend of 94 yen next year. We are also considering share buybacks and stock splits to improve capital efficiency and actively promote shareholder returns.