Obayashi, JP3190000004

Obayashi stock reports strong Q1 and biochar progress

Published on 10/07/2026 at 02:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Obayashi stock posted JPY 623.43 billion revenue in Q1 ended June 30, 2026, above JPY 608.62 billion forecast. Biochar concrete cut 19.3 tonnes of CO2.

Obayashi, JP3190000004, Illustration mit AI erstellt.

Obayashi stock reports strong first-quarter figures as the Japanese builder advances a concrete technology using biochar from discarded wooden formwork. For the quarter ended June 30, 2026, revenue reached JPY 623.43 billion against a JPY 608.62 billion forecast, while diluted EPS came to JPY 56.87 versus JPY 28.74 expected, according to Investing.com.

Biochar reaches a test building

The technology is the latest operational signal behind the earnings story. As Circular Economy Hub Japan reported on October 1, 2026, Obayashi used biochar-based Clean Crete N in exterior wall panels at its Open Lab 3 experimental building.

The panels used 67.3 cubic meters of Clean Crete N, including 9.0 cubic meters made with biochar-derived material. The construction work achieved a total CO2 reduction of 19.3 tonnes compared with conventional concrete, giving the research a measurable industrial outcome rather than a purely conceptual sustainability claim.

Q1 earnings beat the forecast

The earnings comparison is unusually clear: revenue exceeded the forecast by JPY 14.81 billion, while diluted EPS was JPY 28.13 above the forecast. Operating income reached JPY 32.70 billion and net income attributable to the company reached JPY 39.09 billion in the June quarter, figures supplied by the standardized financial results for Obayashi.

The next scheduled financial checkpoint is November 13, 2026, when Obayashi's investor-relations calendar lists the FY2026 second-quarter results announcement at 12:00 p.m. JST. That date places the recent Q1 beat between a completed reporting period and the next formal test of profitability.

Analysts see room above JPY 3,000

Investing.com lists eight analysts with an overall Buy consensus as of October 6, 2026. The average 12-month target is JPY 3,812.5, with a high of JPY 4,700 and a low of JPY 3,000; the average target lies 29.90 percent above the stock's JPY 2,935 reference price.

The latest named action in that overview came from Nomura/Instinet on September 3, 2026, which maintained Hold and set a JPY 3,300 target, while CLSA maintained Buy at JPY 3,600 on June 29, 2026, according to Investing.com.

Stock remains below its yearly high

Obayashi was last at JPY 2,935 on the Tokyo Stock Exchange on October 6, 2026 at 3:30 p.m. JST, down JPY 13.50 or 0.46 percent from the prior close. The session range was JPY 2,929 to JPY 2,989, with volume of 1,758,100 shares.

The JPY 2,935 price sits within a 52-week range of JPY 2,300 to JPY 4,439. Market capitalization stood at JPY 2.0 trillion, so the valuation discussion now combines a Q1 earnings beat, a concrete low-carbon construction application and a share price still below the upper end of its yearly range.