OBAYASHI CORPORATION Presentation on Financial Results FY2023 2nd Quarter
(April 1, 2023 to September 30, 2023)
OBAYASHI CORPORATION
1. FY2023 2nd Quarter Financial Results and
FY2023 Financial Forecasts
2. Management Issues
2
Highlight
FY2023 2nd Quarter Financial Results
- Net sales increased due to progress in construction projects in hand (YoY)
- Operating income progressed as planned
- Consolidated net sales amounted to ¥1,081.3 billion (+ ¥156.9 billion YoY) This is the highest record for the 2nd quarter financial results
- Operating income was ¥30.8 billion (- ¥10.9 billion YoY), but progressed as planned The sale of large-scale properties in the 2nd quarter of FY2022 reflects the YoY decline
FY2023 Financial Forecasts
- Net sales, operating income and ordinary income expected to meet the initial forecast
- Profit attributable to owners of parent revised upward
- Orders received keeping a high-level
- Consolidated net sales expected to be ¥2,280.0 billion (+ ¥296.1 billion YoY)
- Consolidated operating income expected to be ¥74.0 billion (- ¥19.8 billion YoY)
- Profit attributable to owners of parent to be ¥59.0 billion (+ ¥4.0 billion)
An upward revision due to progress of sale of cross-shareholdings
- Order received expected to be ¥2,135.0 billion
On track exceeding ¥2,000.0 billion following FY2022
- Continuing with DOE 3%, the dividend policy under the Medium-Term Business Plan 2022
3
FY2023 2nd Quarter Financial Results
-Statements of Income (YoY Comparison)
4
FY2023 2nd Quarter Financial Results
-Reasons for Change in Consolidated Operating Income (YoY Comparison)
5
FY2023 Financial Forecasts
-Statements of Income (YoY Comparison)
6
FY2023 Financial Forecasts
-Reasons for Change in Consolidated Operating Income
7
Orders Received
- Results for FY2023 2nd Quarter and Outlook for FY2023
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Business Performance - Building Construction (Consolidated)
Orders Received | Net Sales | Billions of yen | ||||||||||||||||||||||||||||||
Operating Income | ||||||||||||||||||||||||||||||||
Overseas | Japan | 1,525.0 | Overseas | Japan | 1,700.0 | Overseas | Japan | 40.0 | ||||||||||||||||||||||||
417.0 | ||||||||||||||||||||||||||||||||
393.0 | 4.5 | |||||||||||||||||||||||||||||||
720.7 | 811.8 | |||||||||||||||||||||||||||||||
644.2 | 662.0 | 16.0 | ||||||||||||||||||||||||||||||
217.3 | ||||||||||||||||||||||||||||||||
1,283.0 | 13.6 | 35.5 | ||||||||||||||||||||||||||||||
299.3 | 1,132.0 | 170.0 | ||||||||||||||||||||||||||||||
243.2 | 4.0 | |||||||||||||||||||||||||||||||
421.3 | 492.0 | 594.5 | 7.6 | |||||||||||||||||||||||||||||
401.0 | 12.0 | |||||||||||||||||||||||||||||||
5.9 | ||||||||||||||||||||||||||||||||
（FY）2022Q2 | 2023Q2 | FY2023 | 2022Q2 | 2023Q2 | FY2023 | |||||||||||||||||||||||||||
2022Q2 | 2023Q2 | FY2023 | ||||||||||||||||||||||||||||||
Forecast | Forecast | Forecast | ||||||||||||||||||||||||||||||
FY2023 2nd Quarter Results
- Net sales increased due to progress in large- scale projects in hand
- Operating income was ¥13.6 billion due to the decrease of the profit on non-consolidated completed construction contracts
FY2023 Forecasts
- Net sales expected to meet the initial forecast as large-scale construction projects in hand have been making steady progress
- Operating income expected to meet the initial forecast as rises in construction materials prices and labor unit prices are discounted
Main Projects
Client | Project Name | |
Orders | Kumoidori 5-Chome | Demolition of Basement and Construction of New Facility Building in Kobe- |
Received | Redevelopment Corporation | Sannomiya Kumoidori 5-Chome District Class 1 Urban Redevelopment Project |
Mori Building Co., Ltd. | Azabudai Hills Garden Plaza Construction Project | |
Completed | ||
Project in | East Japan Railway | TAKANAWA GATEWAY CITY, Tower 1（North・South）and Tower 2 Construction |
Process | Company | Project |
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Business Performance- Civil Engineering (Consolidated)
Orders Received | Net Sales | Billions of yen | ||||||||||||||||||||||||||||||
Operating Income | ||||||||||||||||||||||||||||||||
Overseas | Japan | 510.0 | Overseas | Japan | 460.0 | Overseas | Japan | |||||||||||||||||||||||||
135.0 | ||||||||||||||||||||||||||||||||
109.0 | 18.5 | |||||||||||||||||||||||||||||||
209.0 | 212.0 | 200.6 | 224.7 | 10.7 | 1.0 | |||||||||||||||||||||||||||
10.3 | ||||||||||||||||||||||||||||||||
35.8 | 58.5 | 375.0 | 50.1 | |||||||||||||||||||||||||||||
48.7 | 351.0 | 0.7 | ||||||||||||||||||||||||||||||
2.2 | 17.5 | |||||||||||||||||||||||||||||||
173.1 | 153.4 | 151.9 | 174.6 | 8.0 | 10.0 | |||||||||||||||||||||||||||
（FY） 2022Q2 | 2023Q2 | FY2023 | 2022Q2 | 2023Q2 | FY2023 | 2022Q2 | 2023Q2 | FY2023 | ||||||||||||||||||||||||
Forecast | Forecast | Forecast | ||||||||||||||||||||||||||||||
FY2023 2nd Quarter Results
- Net sales increased due to progress on construction projects in hand (YoY)
- Operating income was ¥10.7 billion, YoY at the same level, having improvement on profitability on some projects due to reducing cost and acquiring additional contract
FY2023 Forecasts
- Net sales expected to meet the initial forecast of ¥460.0 billion
- Operating income also expected to meet the initial forecast and no revision is scheduled at this moment
Main Projects
Client | |
Orders | SAGAMI RAILWAY Co., Ltd. |
Received | |
Completed | TOBU RAILWAY CO.,LTD. |
Project in | Land Transport Authority |
Process | (Singapore) |
Project Name
Tsurugamine Station Area Grade Separation Project (Construction Section 2, Civil Engineering Part 2)
Tobu Noda Line Elevation Work (between Shimizu-Koen Station and Umesato Station), Civil Engineering Section 3, Part 1
Contract CR202 Design and Construction of Bored Tunnel between Fairways Drive and Sin Ming Walk and Associated Works
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Disclaimer
Obayashi Corporation published this content on 06 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 November 2023 06:52:52 UTC.
