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OHBA CO., LTD. ( (JP:9765) ) has issued an announcement.
OHBA CO., LTD. has secured comprehensive three-year outsourcing contracts from the Kanto Local Finance Bureau of Japan’s Ministry of Finance to conduct surveys of unused state-owned land in the metropolitan and Northern Kanto/Shin-Etsu regions, along with bid support services. Covering prefectures including Tokyo, Kanagawa, Saitama, Chiba, Yamanashi, Ibaraki, Tochigi, Gunma, Niigata, and Nagano, the contracts have a combined ceiling of about JPY 2.53 billion and encompass property schedule preparation, subsurface utility and soil contamination investigations, surveying, and support for open competitive bidding.
The company plans to leverage its 16-year track record in similar state land survey work to reinforce its organizational structure and strengthen quality, schedule, and safety management on these critical projects. While OHBA expects no material impact on its current fiscal year results, it anticipates that the contracts will support its performance over the medium to long term and further entrench its role as a key provider of land survey and disposal support services for the Japanese government.
The most recent analyst rating on (JP:9765) stock is a Buy with a Yen1342.00 price target. To see the full list of analyst forecasts on OHBA CO., LTD. stock, see the JP:9765 Stock Forecast page.
More about OHBA CO., LTD.
OHBA CO., LTD., listed on the Prime Market of the Tokyo Stock Exchange, operates in the engineering and consulting sector with a focus on land and infrastructure-related services. The company undertakes surveys, investigations, and technical support for property management and disposal, particularly in the public sector, reflecting a strong position in government-commissioned land assessment projects in Japan.
Average Trading Volume: 24,349
Technical Sentiment Signal: Buy
Current Market Cap: Yen17.79B
Learn more about 9765 stock on TipRanks’ Stock Analysis page.