OHBA CO., LTD. (JP:9765)
:9765
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OHBA CO., LTD.
(9765)
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Rating:76Outperform
Price Target:
¥1,396.00
▲(24.75% Upside)
Action:Reiterated
Date:12/30/25
The score is driven primarily by the exceptionally strong, low-leverage balance sheet and solid profitability. It is held back by volatile cash flow conversion with several recent periods of negative operating/free cash flow. Technicals are supportive with the stock trading above key moving averages, while valuation is reasonable with an attractive dividend yield.
Positive Factors
Balance sheet strength (negligible debt)
Effectively zero debt and rising equity provide durable financial flexibility: the company can fund projects, absorb delays in public works, maintain distributions or invest in capabilities without relying on high-cost borrowing, lowering long-term financial risk and enabling strategic optionality.
Negative Factors
Volatile operating and free cash flow
Repeated recent negative operating and free cash flow signals inconsistent conversion of earnings to cash. This reduces funding predictability for capex, dividends or working capital, forces reliance on balance-sheet buffers, and raises the probability of earnings not translating into sustainable cash returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength (negligible debt)
Effectively zero debt and rising equity provide durable financial flexibility: the company can fund projects, absorb delays in public works, maintain distributions or invest in capabilities without relying on high-cost borrowing, lowering long-term financial risk and enabling strategic optionality.
Read all positive factors
OHBA CO., LTD. (9765) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥15.47B
Dividend Yield3.9%
Average Volume (3M)22.89K
Price to Earnings (P/E)11.3
Beta (1Y)0.50
Revenue Growth-2.99%
EPS Growth0.24%
CountryJP
Employees550
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)79.60
Shares Outstanding16,500,000
10 Day Avg. Volume25,170
30 Day Avg. Volume22,890
Financial Highlights & Ratios
PEG Ratio-512.63
Price to Book (P/B)1.24
Price to Sales (P/S)0.90
P/FCF Ratio-27.48
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. provides consulting services for city planning and infrastructure projects in Japan and internationally. The company offers consulting services for the planning of charming cities, as well as technical support services to land owner...
How the Company Makes Money
OHBA CO., LTD. generates revenue by offering engineering and consulting services to public and private sector clients. Revenue is derived from fees charged for services such as project planning, surveying, design, and consultancy related to urban ...
OHBA CO., LTD. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
44
Neutral
| Breakdown | TTM | May 2024 | May 2023 | May 2022 | May 2021 | May 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 17.08B | 18.10B | 16.49B | 15.65B | 15.93B | 15.86B |
| Gross Profit | 5.65B | 5.74B | 5.52B | 5.18B | 4.84B | 4.70B |
| EBITDA | 2.04B | 2.14B | 2.05B | 1.93B | 1.84B | 1.60B |
| Net Income | 1.27B | 1.33B | 1.34B | 1.08B | 1.09B | 852.47M |
Balance Sheet | ||||||
| Total Assets | 18.26B | 17.90B | 17.97B | 16.12B | 14.43B | 13.67B |
| Cash, Cash Equivalents and Short-Term Investments | 1.64B | 1.69B | 3.12B | 4.21B | 1.96B | 3.00B |
| Total Debt | 1.70B | 0.00 | 0.00 | 0.00 | 0.00 | 60.06M |
| Total Liabilities | 5.24B | 4.73B | 5.34B | 5.19B | 4.20B | 4.37B |
| Stockholders Equity | 13.02B | 13.17B | 12.62B | 10.93B | 10.23B | 9.30B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -594.68M | -498.91M | 2.24B | -475.87M | 1.23B |
| Operating Cash Flow | 0.00 | -510.39M | -346.42M | 2.29B | -345.89M | 1.99B |
| Investing Cash Flow | 0.00 | -119.27M | -164.44M | 573.97M | -178.89M | -847.54M |
| Financing Cash Flow | 0.00 | -797.42M | -578.46M | -619.29M | -521.42M | -481.14M |
OHBA CO., LTD. Technical Analysis
Negative
1119.00
Price Trends
1190.98
Negative
1172.41
Negative
1117.05
Negative
Market Momentum
-21.35
Positive
14.52
Positive
0.39
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 1174.56, below the 50-day MA of 1190.98, and above the 200-day MA of 1117.05, indicating a bearish trend. The MACD of -21.35 indicates Positive momentum. The RSI at 14.52 is Positive, neither overbought nor oversold. The STOCH value of 0.39 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 (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥15.02B | 8.38 | ― | 3.71% | -8.81% | 2.81% | |
76 Outperform | ¥15.47B | 11.31 | ― | 3.90% | -2.99% | 0.24% | |
74 Outperform | ¥21.01B | 7.77 | ― | 2.97% | -9.99% | 58.24% | |
71 Outperform | ¥15.54B | 8.49 | ― | 2.87% | 0.52% | 10.43% | |
65 Neutral | ¥14.57B | 7.13 | ― | 3.68% | -9.66% | 22.05% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ¥18.22B | 46.87 | ― | 2.54% | -3.27% | 134.48% |
* Industrials Sector Average
JP:9765
OHBA CO., LTD.
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OHBA CO., LTD. Corporate Events
OHBA Reports Progress on Share Buyback Program Under Board Authorization
Jun 1, 2026
OHBA CO., LTD. has disclosed the status of its ongoing share buyback program, reporting the repurchase of 20,300 shares of common stock for a total of ¥24.67 million between May 1 and May 31, 2026, through market purchases on the Tokyo Stock ...
OHBA Begins Share Buyback, Uses Small Portion of Authorized Program
May 1, 2026
OHBA CO., LTD. has disclosed the progress of its share buyback program authorized under Japan’s Companies Act, reporting that it repurchased 20,400 shares of common stock on the Tokyo Stock Exchange between April 10 and April 30, 2026, at a ...
OHBA Reshapes Board and Executive Ranks to Bolster Governance and Operations
Apr 9, 2026
OHBA CO., LTD. has announced a series of leadership changes, including the appointment of Toshiya Akagawa as Director and Executive Officer overseeing engineering and DX functions, and the addition of Tadahiro Hoshino as an outside director while ...
OHBA to Cancel 250,000 Treasury Shares to Curb Dilution Concerns
Apr 9, 2026
OHBA CO., LTD. has announced that its board of directors approved the cancellation of 250,000 shares of treasury stock, all common shares, under Article 178 of the Companies Act. The cancellation, scheduled for April 30, 2026, will reduce the tota...
OHBA Authorizes Share Buyback to Boost Shareholder Returns and Capital Efficiency
Apr 9, 2026
OHBA CO., LTD. has approved a new share repurchase program, authorizing the acquisition of up to 250,000 shares of its common stock, equivalent to 1.58% of outstanding shares, for a maximum total of 200 million yen. The buyback will be conducted t...
OHBA Lifts Profits and Earnings Per Share Despite Lower Nine-Month Sales
Apr 9, 2026
OHBA CO., LTD. reported consolidated net sales of ¥11.1 billion for the nine months ended February 28, 2026, down 7.5% year on year, but achieved operating profit growth of 7.5% to ¥1.3 billion and a 16.8% rise in profit attributable to ...
OHBA Wins ¥2.53 Billion State Land Survey Contracts for Kanto and Shin-Etsu
Apr 1, 2026
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 regio...
OHBA Completes Treasury Stock Buyback Program on Tokyo Stock Exchange
Apr 1, 2026
OHBA CO., LTD. has completed a treasury stock acquisition program authorized by its board, buying back 11,000 common shares on the Tokyo Stock Exchange between March 1 and March 31, 2026, for a total of ¥12,990,600. This tranche forms part of...
OHBA Raises Dividend Forecast for Fiscal Year Ending May 2026
Mar 12, 2026
OHBA CO., LTD. has revised its dividend forecast for the fiscal year ending May 2026, raising its planned year-end ordinary dividend from 21 yen to 23 yen per share. This adjustment increases the total annual dividend forecast from 42 yen to 44 ye...
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.