Obayashi Corporation (OBA.F), a Japanese construction company, Friday reported net profit of 18.070 billion yen or 25.59 yen per basic share for the first quarter, lower than 25.8 billion yen or 35.98 yen per share in the same quarter a year ago, primarily impacted by decline in sales.
Operating income increased 3.1% to 15.798 billion yen from 15.327 billion a year ago.
Net sales decreased 8.4% to 523.763 billion yen from 571.791 billion yen in the previous year.
For the full year, the company expects sales to decline 1.2% year-on-year to 2,560 billion yen. Net profit is expected to decrease 31.2% to 100 billion yen with EPS of 143.86 yen.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.