Obayashi, JP3190000004

J.P. Morgan keeps Hold rating on Obayashi stock

Published on 10/13/2026 at 04:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

J.P. Morgan set a JPY 3,000 target on October 9, 2026. Obayashi stock posted JPY 623.43 billion revenue in the first quarter of fiscal 2027.

Key points in brief

J.P. Morgan maintained a Hold rating on Obayashi and set a JPY 3,000 price target on October 9, 2026.
Obayashi reported JPY 623.43 billion in first-quarter fiscal 2027 revenue versus a JPY 608.62 billion forecast.
The stock was last at EUR 16.05 at Lang & Schwarz on October 12, 2026 at 10:59 p.m. CEST.
Obayashi's next financial results announcement is scheduled for November 13, 2026.

Obayashi, JP3190000004, Illustration mit AI erstellt.

J.P. Morgan maintained a Hold rating on Obayashi and set a JPY 3,000 price target in a report dated October 9, 2026, according to The Globe and Mail. The analyst action gives the stock a clearly defined benchmark while Obayashi's latest operating figures provide the more immediate test for its construction outlook.

What does the award show?

Obayashi's Cambodia National Road No. 5 project received the Japan Construction International Award, with the company publishing the result on October 5, 2026. The project covered a 47-kilometer section of road, used more than 1,400 local personnel and achieved 7.7 million accident-free work hours, according to Obayashi Corporation.

The award was the company's seventh Japan Construction International Award. Obayashi said the 47-kilometer project widened sections of the road from two lanes to four and reduced travel time between Pursat and Pray Svay from three hours to one hour.

First-quarter revenue beats forecast

For the first quarter of fiscal 2027, revenue reached JPY 623.43 billion versus a JPY 608.62 billion forecast. Diluted earnings per share came to JPY 56.87 against an expected JPY 28.74, according to Biochar Today.

The revenue comparison amounts to a JPY 14.81 billion gap over the forecast, while the earnings-per-share gap was JPY 28.13. The figures make execution and margin conversion more important than the award headline alone, because construction contracts must translate into profitable delivery over several reporting periods.

November results are next

Obayashi's investor-relations calendar schedules the financial results announcement for the second quarter of fiscal 2027 on November 13, 2026. The date appears on the company's investor-relations page, making the upcoming release the next scheduled checkpoint for the revenue and earnings trajectory.

On the Tokyo Stock Exchange, Obayashi was last quoted at JPY 2,871.50 on October 13, 2026 at 11:24 a.m. JST. The last euro quote in this article was EUR 16.05 at Lang & Schwarz on October 12, 2026 at 10:59 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Obayashi stock.