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TYO:1802

2 stories mentioning TYO:1802Updated just now

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Asia

Obayashi Profit Rises 116% in Fiscal Q1

Obayashi (TYO:1802) posted an 116% year-over-year increase in profit attributable to owners of the parent to 39.1 billion yen for the three months ended June 30 from 18.1 billion yen.The Japan-based construction company's basic earnings per share increased to 56.87 yen from 25.59 yen a year ago, according to a Tokyo Stock Exchange filing on Friday.Net sales jumped 19% to 623.4 billion yen from 523.8 billion yen in the year-ago period.For the fiscal year ending March 31, 2027, the company forecasts an attributable profit of 157 billion yen, a basic EPS of 228.39 yen, and net sales of 3 trillion yen.The company plans to pay a second quarter-end dividend of 47 yen per share for the current fiscal year.

TYO:1802
Asia

Obayashi to Acquire Australia's Multiplex for 86 Billion Yen to Expand Global Construction Footprint

Obayashi (TYO:1802) has agreed to acquire all the shares of Multiplex Global, a construction firm operating in Australia, the UK, and Canada, through a holding-company structure for 86 billion yen.The acquisition aligns with the construction firm's strategy to build overseas operations that match its domestic construction business, with Australia long targeted as a key market.Multiplex brings strong expertise in high-rise buildings, hospitals, and data centers, and the two companies previously collaborated on the Sydney 2000 Olympic Stadium.The deal, set to close by September pending regulatory approvals, will add holding firms BCI, BBP UK II, and BBP UK III as Obayashi subsidiaries.While Multiplex's recent earnings showed volatility from pandemic-related impacts, due diligence found no lingering concerns, and the full earnings impact for Obayashi's fiscal 2027 is still being assessed.

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