Obayashi (1802) Investor presentation summary

Group overview and business portfolio

• Operates in 17 countries with 18,031 consolidated employees and ¥57,752 million in share capital; listed on the Tokyo Stock Exchange Prime Market.

• FY2025 consolidated net sales reached ¥2,586.2 billion, with operating profit at ¥194.6 billion.

• Business segments include domestic and overseas construction, real estate development, green energy, and new business initiatives.

• Domestic construction accounts for 60.5% of net sales, overseas construction 32.7%, and real estate development 4.1%.

• Global network spans North America, Southeast Asia, Oceania, and Europe, leveraging advanced construction technology.

Financial performance and KPIs

• FY2025 operating profit rose to ¥194.6 billion, with profit attributable to owners at ¥173.7 billion.

• ROIC improved to 8.4% and ROE to 14.4% in FY2025, reflecting strong capital efficiency.

• Consolidated equity increased to ¥1,258.4 billion, while interest-bearing debt decreased to ¥344.0 billion.

• Orders received in FY2025 totaled ¥3,009.0 billion, with a focus on profitability and construction capacity.

• FY2026 forecasts project net sales of ¥2,945.0 billion and operating profit of ¥180.0 billion.

Business segment highlights

• Domestic building construction net sales were ¥1,138.7 billion, with strong demand for urban redevelopment, data centers, and factories.

• Domestic civil engineering net sales reached ¥426.6 billion, driven by disaster prevention, infrastructure renewal, and defense projects.

• Overseas construction net sales were ¥843.9 billion, with North America and Asia as key regions; M&A expanded business scale.

• Real estate development generated ¥106.7 billion in net sales and ¥19.9 billion in operating profit, focusing on high-value assets and smart building solutions.

• Green energy business expanded with investments in solar, wind, biomass, and hydrogen, including international projects in New Zealand.