Obayashi, JP3190000004

J.P. Morgan keeps JPY 3,000.00 target for Obayashi stock

Published on 10/17/2026 at 21:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Obayashi stock beat JPY 608.62 billion forecast with JPY 623.43 billion revenue. It closed at JPY 2,864.00 on October 16, 2026, up 2.54 percent on Tokyo.

Analyst target and trading date

J.P. Morgan maintained its JPY 3,000.00 target and Hold rating on October 9, 2026.
First-quarter revenue reached JPY 623.43 billion versus a JPY 608.62 billion forecast.
Obayashi stock closed at JPY 2,864.00 on October 16, 2026 at 3:30 p.m. JST, up 2.54 percent versus the prior close of JPY 2,793.00.
Obayashi will announce second-quarter fiscal 2027 results on November 13, 2026.

Obayashi, JP3190000004, Illustration mit AI erstellt.

J.P. Morgan maintained a Hold rating and a JPY 3,000.00 price target for Obayashi on October 9, 2026, putting the target 4.75 percent above the October 16, 2026 Tokyo closing price. The target was reported by The Globe and Mail. Obayashi closed at JPY 2,864.00 on the Tokyo Stock Exchange on October 16, 2026 at 3:30 p.m. JST, up 2.54 percent from JPY 2,793.00.

Revenue exceeded the forecast

Obayashi reported JPY 623.43 billion in revenue for the first quarter of fiscal 2027, covering April through June 2026. That was JPY 14.81 billion above the JPY 608.62 billion forecast. Biochar Today reported the comparison on October 7, 2026. Diluted earnings per share reached JPY 56.87 against a JPY 28.74 forecast, while biochar concrete reduced carbon dioxide emissions by 19.3 tonnes during the period.

Trading sits inside the yearly range

The Tokyo price stood 14.74 percent above the 52-week low of JPY 2,496.50 and 35.48 percent below the 52-week high of JPY 4,439.00 on October 16, 2026. Trading volume was 2,516,200 shares against an average volume of 2,617,422 shares. The session high was JPY 2,877.00 and the session low was JPY 2,816.50.

Valuation and the next reporting date

Obayashi had a market capitalization of JPY 2.0 trillion and a price-to-earnings ratio of 10.18 on October 16, 2026. Its trailing dividend yield was 0.03 percent. The company lists November 13, 2026 as the date for its fiscal 2027 second-quarter results on its Obayashi investor-relations page.

Comparison with peers

Obayashi: plus 2.54 percent, price-to-earnings ratio 10.18, market capitalization JPY 2.0 trillion.
Taisei (Tokyo Stock Exchange, JPY): plus 2.54 percent, price-to-earnings ratio 10.84, market capitalization JPY 1.8 trillion.
Shimizu (Tokyo Stock Exchange, JPY): plus 2.42 percent, price-to-earnings ratio 7.97, market capitalization JPY 1.4 trillion.

Japan construction stocks in view

Obayashi's latest session matched Taisei's 2.54 percent gain and exceeded Shimizu's 2.42 percent rise. The near-term calendar now points to the November 13, 2026 results announcement, while the JPY 3,000.00 target remains 4.75 percent above the latest Tokyo close.