Obayashi Corporation
Obayashi Corporation engages in the construction business in Japan, North America, Asia and internationally. The company constructs buildings, including offices, condominiums, commercial facilities, factories, hospitals, and schools; civil engineering projects, such as tunnels, bridges, dams, river works, urban civil engineering structures, railroads, and expressways; and engineering services for… Read more
Obayashi Corporation (OBYCF) - Net Assets
Latest net assets as of December 2025: $1.25 Trillion USD
Based on the latest financial reports, Obayashi Corporation (OBYCF) has net assets worth $1.25 Trillion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.15 Trillion) and total liabilities ($1.90 Trillion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.25 Trillion |
| % of Total Assets | 39.68% |
| Annual Growth Rate | 4.9% |
| 5-Year Change | 25.8% |
| 10-Year Change | 115.47% |
| Growth Volatility | 12.84 |
Obayashi Corporation - Net Assets Trend (1995–2025)
This chart illustrates how Obayashi Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Obayashi Corporation (1995–2025)
The table below shows the annual net assets of Obayashi Corporation from 1995 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $1.21 Trillion | +1.29% |
| 2024-03-31 | $1.19 Trillion | +15.34% |
| 2023-03-31 | $1.04 Trillion | +4.75% |
| 2022-03-31 | $988.92 Billion | +2.80% |
| 2021-03-31 | $961.98 Billion | +13.11% |
| 2020-03-31 | $850.50 Billion | +6.56% |
| 2019-03-31 | $798.16 Billion | +12.17% |
| 2018-03-31 | $711.53 Billion | +10.47% |
| 2017-03-31 | $644.08 Billion | +14.67% |
| 2016-03-31 | $561.66 Billion | +2.22% |
| 2015-03-31 | $549.48 Billion | +22.62% |
| 2014-03-31 | $448.11 Billion | +8.07% |
| 2013-03-31 | $414.65 Billion | +13.45% |
| 2012-03-31 | $365.49 Billion | +4.04% |
| 2011-03-31 | $351.29 Billion | -4.44% |
| 2010-03-31 | $367.62 Billion | -7.12% |
| 2009-03-31 | $395.81 Billion | -17.11% |
| 2008-03-31 | $477.50 Billion | -15.55% |
| 2007-03-31 | $565.46 Billion | +11.71% |
| 2006-03-31 | $506.17 Billion | +31.90% |
| 2005-03-31 | $383.76 Billion | +5.72% |
| 2004-03-31 | $362.99 Billion | +32.84% |
| 2003-03-31 | $273.25 Billion | -10.16% |
| 2002-03-31 | $304.13 Billion | -24.98% |
| 2001-03-31 | $405.41 Billion | +23.03% |
| 2000-03-31 | $329.53 Billion | +6.41% |
| 1999-03-31 | $309.67 Billion | +0.87% |
| 1998-03-31 | $307.01 Billion | +1.81% |
| 1997-03-31 | $301.56 Billion | +2.51% |
| 1996-03-31 | $294.19 Billion | +2.01% |
| 1995-03-31 | $288.39 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Obayashi Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 381.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $853.12 Billion | 73.66% |
| Common Stock | $57.75 Billion | 4.99% |
| Other Components | $247.37 Billion | 21.36% |
| Total Equity | $1.16 Trillion | 100.00% |
Obayashi Corporation Competitors by Market Cap
The table below lists competitors of Obayashi Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MP Materials Corp
NYSE:MP
|
$8.43 Billion |
|
Hindustan Aeronautics Limited
NSE:HAL
|
$8.44 Billion |
|
National Retail Properties Inc
NYSE:NNN
|
$8.46 Billion |
|
Qiagen NV
NYSE:QGEN
|
$8.48 Billion |
|
SK Holdings Co Ltd
KO:034730
|
$8.42 Billion |
|
Anglo American Platinum Limited
PINK:AGPPF
|
$8.40 Billion |
|
Wayfair Inc
NYSE:W
|
$8.40 Billion |
|
The Swatch Group AG
PINK:SWGAF
|
$8.39 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Obayashi Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,151,629,000,000 to 1,158,244,000,000, a change of 6,615,000,000 (0.6%).
- Net income of 146,052,000,000 contributed positively to equity growth.
- Dividend payments of 67,486,000,000 reduced retained earnings.
- Share repurchases of 12,217,000,000 reduced equity.
- Other comprehensive income decreased equity by 280,745,000,000.
- Other factors increased equity by 221,011,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $146.05 Billion | +12.61% |
| Dividends Paid | $67.49 Billion | -5.83% |
| Share Repurchases | $12.22 Billion | -1.05% |
| Other Comprehensive Income | $-280.75 Billion | -24.24% |
| Other Changes | $221.01 Billion | +19.08% |
| Total Change | $- | 0.57% |
Book Value vs Market Value Analysis
This analysis compares Obayashi Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.01x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-03-31 | $387.10 | $13.00 | x |
| 1996-03-31 | $392.56 | $13.00 | x |
| 1997-03-31 | $401.35 | $13.00 | x |
| 1998-03-31 | $410.38 | $13.00 | x |
| 1999-03-31 | $415.42 | $13.00 | x |
| 2000-03-31 | $441.86 | $13.00 | x |
| 2001-03-31 | $550.38 | $13.00 | x |
| 2002-03-31 | $401.48 | $13.00 | x |
| 2003-03-31 | $355.87 | $13.00 | x |
| 2004-03-31 | $477.08 | $13.00 | x |
| 2005-03-31 | $505.70 | $13.00 | x |
| 2006-03-31 | $674.86 | $13.00 | x |
| 2007-03-31 | $753.67 | $13.00 | x |
| 2008-03-31 | $624.99 | $13.00 | x |
| 2009-03-31 | $515.78 | $13.00 | x |
| 2010-03-31 | $476.00 | $13.00 | x |
| 2011-03-31 | $453.49 | $13.00 | x |
| 2012-03-31 | $473.89 | $13.00 | x |
| 2013-03-31 | $535.65 | $13.00 | x |
| 2014-03-31 | $574.29 | $13.00 | x |
| 2015-03-31 | $706.92 | $13.00 | x |
| 2016-03-31 | $718.88 | $13.00 | x |
| 2017-03-31 | $827.77 | $13.00 | x |
| 2018-03-31 | $954.07 | $13.00 | x |
| 2019-03-31 | $1071.29 | $13.00 | x |
| 2020-03-31 | $1139.69 | $13.00 | x |
| 2021-03-31 | $1297.28 | $13.00 | x |
| 2022-03-31 | $1332.44 | $13.00 | x |
| 2023-03-31 | $1390.80 | $13.00 | x |
| 2024-03-31 | $1606.25 | $13.00 | x |
| 2025-03-31 | $1616.83 | $13.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Obayashi Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.61%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.57%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 2.63x
- Recent ROE (12.61%) is above the historical average (4.69%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 2.54% | 0.51% | 0.61x | 8.07x | $-21.52 Billion |
| 1996 | 4.08% | 0.97% | 0.50x | 8.39x | $-17.41 Billion |
| 1997 | 4.52% | 0.88% | 0.63x | 8.06x | $-16.53 Billion |
| 1998 | 3.82% | 0.79% | 0.66x | 7.39x | $-18.98 Billion |
| 1999 | 2.87% | 0.64% | 0.67x | 6.69x | $-22.07 Billion |
| 2000 | 1.73% | 0.50% | 0.55x | 6.26x | $-27.23 Billion |
| 2001 | -1.60% | -0.49% | 0.60x | 5.42x | $-47.00 Billion |
| 2002 | -25.51% | -5.28% | 0.69x | 7.04x | $-103.11 Billion |
| 2003 | 1.20% | 0.23% | 0.69x | 7.48x | $-22.91 Billion |
| 2004 | 6.16% | 1.57% | 0.74x | 5.29x | $-13.23 Billion |
| 2005 | 6.88% | 1.79% | 0.76x | 5.06x | $-11.35 Billion |
| 2006 | 7.10% | 2.34% | 0.75x | 4.07x | $-14.11 Billion |
| 2007 | 7.49% | 2.59% | 0.76x | 3.81x | $-13.61 Billion |
| 2008 | 4.13% | 1.10% | 0.91x | 4.12x | $-26.39 Billion |
| 2009 | 2.96% | 0.65% | 0.97x | 4.65x | $-26.14 Billion |
| 2010 | -15.59% | -3.98% | 0.84x | 4.65x | $-87.58 Billion |
| 2011 | 4.73% | 1.36% | 0.75x | 4.62x | $-17.17 Billion |
| 2012 | 1.51% | 0.41% | 0.77x | 4.75x | $-28.90 Billion |
| 2013 | 3.43% | 0.91% | 0.87x | 4.31x | $-25.28 Billion |
| 2014 | 5.24% | 1.34% | 0.89x | 4.41x | $-19.62 Billion |
| 2015 | 5.65% | 1.62% | 0.89x | 3.93x | $-22.07 Billion |
| 2016 | 12.29% | 3.57% | 0.91x | 3.78x | $11.83 Billion |
| 2017 | 15.90% | 5.05% | 0.93x | 3.39x | $35.09 Billion |
| 2018 | 13.53% | 4.88% | 0.89x | 3.11x | $24.18 Billion |
| 2019 | 14.72% | 5.55% | 0.92x | 2.88x | $36.26 Billion |
| 2020 | 13.83% | 5.46% | 0.93x | 2.73x | $31.30 Billion |
| 2021 | 10.61% | 5.59% | 0.78x | 2.44x | $5.68 Billion |
| 2022 | 4.09% | 2.03% | 0.79x | 2.53x | $-56.44 Billion |
| 2023 | 7.79% | 3.92% | 0.76x | 2.62x | $-22.04 Billion |
| 2024 | 6.52% | 3.23% | 0.77x | 2.62x | $-40.10 Billion |
| 2025 | 12.61% | 5.57% | 0.86x | 2.63x | $30.23 Billion |
Industry Comparison
This section compares Obayashi Corporation's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $1,646,543,800
- Average return on equity (ROE) among peers: 16.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Obayashi Corporation (OBYCF) | $1.25 Trillion | 2.54% | 1.52x | $8.43 Billion |
| Arcosa Inc (ACA) | $2.43 Billion | 3.86% | 1.02x | $5.06 Billion |
| Aecom Technology Corporation (ACM) | $-181.00 Million | 0.00% | 0.00x | $11.42 Billion |
| ACS Actividades de Construcción y Servicios S.A (ACSAF) | $4.44 Billion | 29.55% | 6.70x | $8.35 Billion |
| Acciona S.A (ACXIF) | $6.30 Billion | 7.00% | 2.58x | $3.04 Billion |
| Aecon Group Inc (AEGXF) | $153.60 Million | 7.49% | 3.66x | $737.44 Million |
| ÅF Pöyry AB (publ) (AFXXF) | $551.78 Million | 41.72% | 1.52x | $1.66 Billion |
| Abengoa S.A (AGOAF) | $797.49 Million | 15.10% | 9.17x | $1.82 Million |
| AF Gruppen ASA (AGRUF) | $1.95 Billion | 35.44% | 2.36x | $547.02 Million |
| Argan Inc (AGX) | $3.70 Million | 24.32% | 1.27x | $6.30 Billion |
| Amelco Corporation (AMLC) | $15.28 Million | 4.60% | 1.62x | $2.84 |