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OHBA CO., LTD. (9765) AI Stock Analysis

JP:9765

OHBA CO., LTD.

(TSE/TYO:9765)

Select Model
Rating:70.7Outperform
Price Target:JPY 1,268.00â–²(5.05% Upside)
Action:reiterated
Date:10/10/26

The company's exceptional financial health, marked by zero debt and expanding margins, is the primary strength. This is partially offset by weak technical momentum, as the stock trades below key moving averages and shows oversold signals. Attractive valuation and a high dividend yield provide additional support.

Positive Factors
Conservative Balance SheetMinimal 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 ConversionRepeated 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.

OHBA CO., LTD. (9765) vs. iShares MSCI Japan ETF (EWJ)

-5%0%5%10%15%20%25%JP:9765+13.33%EWJ+15.87%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
JPY 19.03B
Dividend Yield
3.65%
Average Volume (3M)
14.08K
Price to Earnings (P/E)
13.1
Beta (1Y)
0.46
Revenue Growth
0.60%
EPS Growth
16.07%
Country
Japan
Employees
535
Sector
General
Sector Strength
55
Industry
Engineering & Construction

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 craf...

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 wor...

OHBA CO., LTD. Financial Statement Overview

Summary

Strong profitability with expanding margins and a pristine, debt-free balance sheet. Cash flow is volatile but robust in the latest year, and the overall financial foundation is excellent.

Income Statement

85Very Positive

Balance Sheet

95Very Positive

Cash Flow

75Positive
Financial statement breakdown
BreakdownTTMMay 2025May 2024May 2023May 2022May 2021
Income Statement
Total Revenue17.01B17.01B18.10B16.49B15.65B15.93B
Gross Profit5.82B5.82B5.74B5.52B5.18B4.84B
EBITDA2.36B2.17B2.21B2.11B1.73B1.86B
Net Income1.47B1.47B1.33B1.34B1.08B1.09B
Balance Sheet
Total Assets20.72B20.72B17.90B17.97B16.12B14.43B
Cash, Cash Equivalents and Short-Term Investments2.81B2.81B1.69B3.12B4.21B1.96B
Total Debt000000
Total Liabilities5.97B5.97B4.73B5.34B5.19B4.20B
Stockholders Equity14.75B14.75B13.17B12.62B10.93B10.23B
Cash Flow
Free Cash Flow1.81B1.81B-594.68M-498.91M2.24B-475.87M
Operating Cash Flow2.07B2.07B-510.39M-346.42M2.29B-345.89M
Investing Cash Flow-86.16M-86.16M-119.27M-164.44M573.97M-178.89M
Financing Cash Flow-855.77M-855.77M-797.42M-578.46M-619.29M-521.42M

OHBA CO., LTD. Technical Analysis

Technical Analysis SentimentPositive
Last Price1207.00

Price Trends

50DMA1178.80Positive
100DMA1144.57Positive
200DMA1158.01Positive

Market Momentum

MACD6.59Negative
RSI60.83Neutral
STOCH80.64Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9765, the sentiment is Positive. The current price of 1207.00 is above the 20-day moving average (MA) of 1179.00, above the 50-day MA of 1178.80, and above the 200-day MA of 1158.01, indicating a bullish trend. The MACD of 6.59 indicates Negative momentum. The RSI at 60.83 is Neutral, neither overbought nor oversold. The STOCH value of 80.64 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9765.

OHBA CO., LTD. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

JP:9765 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:1770JP:177080OutperformJPY 17.61B8.79―4.11%1.90%48.08%
JP:1960JP:196080OutperformJPY 25.64B7.62―3.89%-7.45%106.09%
JP:1716JP:171674OutperformJPY 14.78B9.13―3.47%-0.69%20.83%
JP:9765JP:976571OutperformJPY 17.74B13.06―3.65%0.60%16.07%
JP:1914JP:191468NeutralJPY 18.67B7.96―3.41%-7.50%122.97%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%

* General Sector Average

Performance Comparison

0%20%40%JP:9765JP:1716JP:1770JP:1914JP:1960Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
JP:9765 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:9765OHBA CO., LTD.1207.00136.2212.72%
JP:1716Daiichi Cutter Kogyo K.K.1298.0029.642.34%
JP:1770Fujita Engineering Co., Ltd.1923.00417.1027.70%
JP:1914Japan Foundation Engineering Co., Ltd.879.00269.4844.21%
JP:1960Sanyo Engineering & Construction Inc.1673.00318.8323.54%

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 million....

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 conducte...

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 with...

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 a...

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 app...

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 more c...

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 tran...

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 its...

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.

Date of analysis: Oct 10, 2026