Obayashi Corporation (TYO:1802)

Obayashi Income Statement

Financials in millions JPY. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Operating Revenue	2,552,149	2,620,101	2,325,162	1,983,888	1,922,884	1,766,892
Other Revenue	-	-	-	-	-	1
Revenue	2,552,149	2,620,101	2,325,162	1,983,888	1,922,884	1,766,893
Revenue Growth (YoY)	1.89%	12.68%	17.20%	3.17%	8.83%	-14.77%
Cost of Revenue	2,197,153	2,322,267	2,105,560	1,767,318	1,768,544	1,541,108
Gross Profit	354,996	297,834	219,602	216,570	154,340	225,785
Selling, General & Admin	166,431	138,163	116,560	107,439	97,447	88,961
Research & Development	-	16,393	16,538	15,330	15,841	13,661
Operating Expenses	166,431	154,391	140,220	122,769	113,288	102,622
Operating Income	188,565	143,443	79,382	93,801	41,052	123,163
Interest Expense	-5,017	-4,725	-3,530	-2,485	-2,019	-1,866
Interest & Investment Income	13,153	13,794	11,105	8,502	7,708	6,988
Currency Exchange Gain (Loss)	-	-	3,439	1,849	2,678	-
Other Non Operating Income (Expenses)	2,127	871	1,117	-865	424	498
EBT Excluding Unusual Items	198,828	153,383	91,513	100,802	49,843	128,783
Gain (Loss) on Sale of Investments	71,891	66,606	22,832	13,401	8,751	5,362
Gain (Loss) on Sale of Assets	-3,849	-	-	-193	-	1,125
Asset Writedown	-4,450	-4,450	-7,109	-516	-	-1,795
Other Unusual Items	922	-4,499	-132	212	-2,314	1,096
Pretax Income	263,342	211,040	107,104	113,706	56,280	134,571
Income Tax Expense	76,510	60,506	29,926	33,848	14,827	33,728
Earnings From Continuing Operations	186,832	150,534	77,178	79,858	41,453	100,843
Minority Interest in Earnings	-4,983	-4,482	-2,119	-2,187	-2,326	-2,063
Net Income	181,849	146,052	75,059	77,671	39,127	98,780
Net Income to Common	181,849	146,052	75,059	77,671	39,127	98,780
Net Income Growth	47.70%	94.58%	-3.36%	98.51%	-60.39%	-12.66%
Shares Outstanding (Basic)	703	716	717	717	717	718
Shares Outstanding (Diluted)	703	716	717	717	717	718
Shares Change (YoY)	-1.93%	-0.08%	0.01%	-0.04%	-0.06%	0.00%
EPS (Basic)	258.61	203.88	104.69	108.34	54.55	137.64
EPS (Diluted)	258.61	203.88	104.69	108.34	54.55	137.64
EPS Growth	50.60%	94.75%	-3.37%	98.60%	-60.37%	-12.66%
Free Cash Flow	-	35,447	-27,992	131,867	11,667	-32,628
Free Cash Flow Per Share	-	49.48	-39.04	183.93	16.27	-45.46
Dividend Per Share	82.000	81.000	75.000	42.000	32.000	32.000
Dividend Growth	-12.77%	8.00%	78.57%	31.25%	-	-
Gross Margin	13.91%	11.37%	9.45%	10.92%	8.03%	12.78%
Operating Margin	7.39%	5.47%	3.41%	4.73%	2.14%	6.97%
Profit Margin	7.12%	5.57%	3.23%	3.91%	2.04%	5.59%
Free Cash Flow Margin	-	1.35%	-1.20%	6.65%	0.61%	-1.85%
EBITDA	-	175,900	106,499	117,742	61,743	143,201
EBITDA Margin	-	6.71%	4.58%	5.93%	3.21%	8.11%
D&A For EBITDA	36,462	32,457	27,117	23,941	20,691	20,038
EBIT	188,565	143,443	79,382	93,801	41,052	123,163
EBIT Margin	7.39%	5.47%	3.41%	4.73%	2.14%	6.97%
Effective Tax Rate	29.05%	28.67%	27.94%	29.77%	26.35%	25.06%
Revenue as Reported	2,552,149	-	-	-	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.