Obayashi (1802) Stock Price, Fundamentals & Analysis

What 1802 does

Obayashi (1802) is a large-cap stock listed on the Tokyo Stock Exchange in the Industrials sector, within the Engineering & Construction industry. The company constructs buildings, civil engineering works such as tunnels and bridges, and provides engineering services for semiconductor and pharmaceutical facilities, renewable energy projects, and ICT infrastructure. It also develops and leases real estate, operates power generation from solar, wind, biomass, and geothermal sources, and is involved in PPP and agriculture businesses. Founded in 1892 and headquartered in Tokyo, Japan, Obayashi employs 18,031 people. It is part of the Nikkei 225 index and operates alongside peers such as Hitachi Construction Machinery (6305) and SMC Corporation (6273).

Key numbers explained

• The current price is 3,067 JPY, up +0.16% today, with a 52-week range of 2,300 – 4,439 and a one-year price change of 26.6%.
• The trailing P/E ratio of 12.3 shows how much investors pay per unit of recent earnings; a lower figure can suggest a more modest valuation relative to current earnings.
• The forward P/E ratio of 22.2 uses expected future earnings, reflecting how the market prices in growth.
• The dividend yield of 3.06% represents the annual dividend as a percentage of the current price; the ex-dividend date is 29 sept. 2026.
• 35% of earnings are paid out as dividends, indicating the share of profit returned to shareholders.
• The beta of 0.45 suggests the stock tends to move less than the overall market, often interpreted as lower volatility.
• Return on equity of 16.2% measures how efficiently the company generates profit from shareholders' capital.
• The debt-to-equity ratio of 27.4% indicates the proportion of debt relative to equity, with a lower value often associated with a more conservative capital structure.

What to watch

Investors tracking Obayashi may monitor construction demand in Japan and international markets, commodity and material costs, and government infrastructure spending. The company's exposure to renewable energy and real estate development can be influenced by policy shifts and interest rates. Earnings releases, scheduled for 13 nov. 2026, and updates on large project wins or contract awards often drive short-term price movement. Broader factors such as the yen's strength and regional economic conditions in Asia also affect stocks in this sector. For comparison, investors can look at other Tokyo Stock Exchange names like Hitachi (6501), Yokogawa Electric (6841), and The Japan Steel Works (5631).