Obayashi Corporation (1802.T) stock analysis

In our weekly check, Obayashi Corporation is graded B (A to F). Of 24 checks on debt, profit, cash flow and trend: 18 pass, warnings: 4, red flags: 2.

About Obayashi Corporation

Obayashi Corporation is an Industrials company (Engineering & Construction) based in Japan, listed on JPX as 1802.T.

What our checks show for 1802.T

Red flags

• The stock has fallen as much as 67% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 5.3 years.

Warning signs

• Analysts expect earnings per share to shrink about 3% a year.
• Analysts expect the net margin to shrink by 1.7 points from today's 7.3%.
• The net margin is only 7.3%: little room if costs rise.
• Free cash flow is only 4.7% of revenue.

Strengths

• Debt is low: 0.29x equity.
• Operating profit covers interest 38.3 times over.
• The net margin rose by 5.2 points over 5 years, to 7.3%.
• The gross margin is 14.4% and has risen by 6.4 points: pricing power is holding.
• Operating cash flow is 1.3x net profit: the profit arrives as real cash.
• Earnings per share grew 37.5% a year over the last 3 years.

Next earnings report: 2026-11-13

Similar companies

1812.T · 1801.T · LT.NS · 2404.TW

Questions

What grade does Obayashi Corporation (1802.T) have?

In our weekly check, Obayashi Corporation is graded B (A to F). Of 24 checks on debt, profit, cash flow and trend: 18 pass, warnings: 4, red flags: 2. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 1802.T stock?

This week's biggest flags for Obayashi Corporation: Deep past fall, Slow recovery after falls, Weak EPS forecast. In total 6 of 24 checks show a warning or a red flag.

What does Obayashi Corporation do?

Obayashi Corporation is an Industrials company (Engineering & Construction) based in Japan, listed on JPX as 1802.T.

When does Obayashi Corporation report earnings next?

The next earnings report is expected on 2026-11-13. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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