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OHBA CO., LTD.
(9765)
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Rating:74Outperform
Price Target:
¥1,287.00
▲(15.01% Upside)
Action:Reiterated
Date:10/10/26
The score is led by strong financial quality (minimal leverage, rising equity, and solid profitability) and supportive valuation (moderate P/E and high dividend yield). These positives are tempered by inconsistent cash-flow generation and weaker near-term technical momentum with the stock trading below key short-term moving averages.
Positive Factors
Conservative Balance Sheet
Minimal leverage reduces financial risk, interest burden, and refinancing exposure, while the expanding equity base provides greater resilience. This gives OHBA flexibility to sustain operations, fund investments, and withstand project or demand fluctuations over the next several quarters.
Negative Factors
Volatile Cash Conversion
Repeated swings between positive and negative operating and free cash flow make cash conversion less predictable than reported earnings. Working-capital or project-timing effects may periodically pressure liquidity and constrain OHBA’s ability to deploy cash consistently.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Minimal leverage reduces financial risk, interest burden, and refinancing exposure, while the expanding equity base provides greater resilience. This gives OHBA flexibility to sustain operations, fund investments, and withstand project or demand fluctuations over the next several quarters.
Read all positive factors
OHBA CO., LTD. (9765) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥16.80B
Dividend Yield3.85%
Average Volume (3M)12.92K
Price to Earnings (P/E)12.5
Beta (1Y)0.49
Revenue Growth0.60%
EPS Growth16.07%
CountryJP
Employees535
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)92.43
Shares Outstanding16,500,000
10 Day Avg. Volume17,070
30 Day Avg. Volume12,920
Financial Highlights & Ratios
PEG Ratio1.15
Price to Book (P/B)1.19
Price to Sales (P/S)1.03
P/FCF Ratio9.71
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
OHBA CO., LTD. Business Overview & Revenue Model
Company Description
Ohba Co., Ltd., established in 1922 and headquartered in Chiyoda, Japan, is a comprehensive consultancy specializing in urban development and infrastructure projects, operating both domestically and globally. The firm provides expert guidance on c...
How the Company Makes Money
OHBA CO., LTD. primarily makes money by providing IT and related services to business and institutional customers, earning revenue through contracts and project-based fees. Key revenue streams typically include (1) systems development/integration ...
OHBA CO., LTD. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
58
Neutral
| Breakdown | May 2025 | May 2024 | May 2023 | May 2022 | May 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 17.01B | 18.10B | 16.49B | 15.65B | 15.93B |
| Gross Profit | 5.82B | 5.74B | 5.52B | 5.18B | 4.84B |
| EBITDA | 2.17B | 2.21B | 2.11B | 1.73B | 1.86B |
| Net Income | 1.47B | 1.33B | 1.34B | 1.08B | 1.09B |
Balance Sheet | |||||
| Total Assets | 20.72B | 17.90B | 17.97B | 16.12B | 14.43B |
| Cash, Cash Equivalents and Short-Term Investments | 2.81B | 1.69B | 3.12B | 4.21B | 1.96B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 5.97B | 4.73B | 5.34B | 5.19B | 4.20B |
| Stockholders Equity | 14.75B | 13.17B | 12.62B | 10.93B | 10.23B |
Cash Flow | |||||
| Free Cash Flow | 1.81B | -594.68M | -498.91M | 2.24B | -475.87M |
| Operating Cash Flow | 2.07B | -510.39M | -346.42M | 2.29B | -345.89M |
| Investing Cash Flow | -86.16M | -119.27M | -164.44M | 573.97M | -178.89M |
| Financing Cash Flow | -855.77M | -797.42M | -578.46M | -619.29M | -521.42M |
OHBA CO., LTD. Technical Analysis
Negative
1119.00
Price Trends
1164.16
Negative
1139.35
Positive
1150.82
Negative
Market Momentum
-1.79
Positive
33.09
Neutral
4.55
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9765, the sentiment is Negative. The current price of 1119 is below the 20-day moving average (MA) of 1181.30, below the 50-day MA of 1164.16, and below the 200-day MA of 1150.82, indicating a bearish trend. The MACD of -1.79 indicates Positive momentum. The RSI at 33.09 is Neutral, neither overbought nor oversold. The STOCH value of 4.55 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9765.
OHBA CO., LTD. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥19.43B | 9.71 | ― | 3.72% | 1.90% | 48.08% | |
78 Outperform | ¥24.98B | 7.49 | ― | 3.99% | -7.45% | 106.09% | |
76 Outperform | ¥14.80B | 9.13 | ― | 3.46% | -0.69% | 20.83% | |
74 Outperform | ¥16.80B | 12.51 | ― | 3.85% | 0.60% | 16.07% | |
68 Neutral | ¥16.40B | 7.05 | ― | 3.89% | -7.50% | 122.97% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:9765
OHBA CO., LTD.
1,143.00
99.18
9.50%
JP:1716
Daiichi Cutter Kogyo K.K.
1,300.00
50.09
4.01%
JP:1770
Fujita Engineering Co., Ltd.
2,121.00
627.57
42.02%
JP:1914
Japan Foundation Engineering Co., Ltd.
772.00
170.18
28.28%
JP:1960
Sanyo Engineering & Construction Inc.
1,630.00
647.89
65.97%
OHBA CO., LTD. Corporate Events
OHBA posts higher sales but flat profits, keeps dividend and outlook steady
Oct 8, 2026
OHBA CO., LTD. reported a 5.9% year-on-year increase in net sales to ¥3,117 million for the three months ended August 31, 2026, while operating profit rose modestly to ¥179 million and ordinary profit was broadly flat at ¥185 millio...
OHBA Advances Share Buyback Program with Additional Treasury Stock Acquisition
Oct 1, 2026
OHBA CO., LTD. reported that it repurchased 11,200 shares of its common stock for a total of ¥13,271,300 during the period from September 1 to September 30, 2026, through market purchases on the Tokyo Stock Exchange. These buybacks were condu...
OHBA Finalizes Fiscal 2026 Stock Option Allocation for Executives
Sep 10, 2026
OHBA CO., LTD., a Prime Market listed company on the Tokyo Stock Exchange, has a governance structure centered on its board of directors and executive officers. The firm utilizes stock-based compensation mechanisms to align management incentives w...
OHBA Advances Share Buyback Program with Additional Treasury Stock Purchases
Sep 1, 2026
OHBA CO., LTD. reported that it acquired 10,500 shares of its common stock as treasury shares between August 1 and August 31, 2026, via market purchases on the Tokyo Stock Exchange, at a total cost of 12,019,800 yen. This transaction forms part of...
OHBA Reshapes Executive Roles Across Regional Branches
Aug 26, 2026
OHBA CO., LTD. has announced a series of key personnel changes effective September 1, 2026, reflecting an organizational structure aligned with its branch network and civil engineering, urban development and infrastructure-focused operations. The ...
OHBA to Issue Stock Options to Align Management Pay With Share Performance
Aug 26, 2026
OHBA CO., LTD. will issue stock acquisition rights as stock options to ten directors, thirteen executive officers and fourteen executives, following a board resolution on August 26, 2026. The program is designed to link management compensation mor...
OHBA Advances Share Buyback Program with July Treasury Stock Purchases
Aug 3, 2026
OHBA CO., LTD. reported that it repurchased 25,900 shares of its common stock on the Tokyo Stock Exchange between July 1 and July 31, 2026, at a total cost of ¥29,094,200, under its authorized treasury stock acquisition program. This latest t...
OHBA Refines Capital-Efficient Growth Strategy as It Expands Role in Japan’s Infrastructure Resilience
Jul 31, 2026
OHBA Co., Ltd. has updated its management measures to more closely align operations with capital costs and stock price performance, reinforcing a strategy aimed at sustainable growth and long-term corporate value creation. The company emphasizes i...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.