OHBA CO., LTD. (JP:9765)
:9765
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OHBA CO., LTD.
(9765)
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Rating:76Outperform
Price Target:
¥1,446.00
▲(29.22% Upside)
Action:ReiteratedDate: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
Very low leverage / strong balance sheet
Effectively zero debt and rising equity give durable financial flexibility: the company can fund bids, absorb project delays, and support capex or dividends without relying on external financing. This conservative capital structure lowers solvency risk and supports resilience over the next several quarters.
Negative Factors
Volatile operating and free cash flow
Recurrent swings into negative operating and free cash flow signal working-capital and project-timing volatility. This undermines the reliability of earnings converting to cash, constrains internal funding for growth or dividends, and increases sensitivity to client payment cycles over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / strong balance sheet
Effectively zero debt and rising equity give durable financial flexibility: the company can fund bids, absorb project delays, and support capex or dividends without relying on external financing. This conservative capital structure lowers solvency risk and supports resilience over the next several quarters.
Read all positive factors
OHBA CO., LTD. (9765) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥19.14B
Dividend Yield3.9%
Average Volume (3M)22.89K
Price to Earnings (P/E)8.7
Beta (1Y)0.54
Revenue Growth-3.59%
EPS Growth-15.46%
CountryJP
Employees550
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)30.91
Shares Outstanding16,750,000
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
Positive
1119.00
Price Trends
1189.50
Positive
1149.70
Positive
1102.03
Positive
Market Momentum
17.07
Negative
67.77
Neutral
92.48
Negative
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 1119 is below the 20-day moving average (MA) of 1201.75, below the 50-day MA of 1189.50, and above the 200-day MA of 1102.03, indicating a bullish trend. The MACD of 17.07 indicates Negative momentum. The RSI at 67.77 is Neutral, neither overbought nor oversold. The STOCH value of 92.48 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥19.14B | 8.70 | ― | 3.90% | -3.59% | -15.46% | |
76 Outperform | ¥15.85B | 10.00 | ― | 3.71% | -21.52% | -35.65% | |
73 Outperform | ¥21.23B | 8.25 | ― | 2.97% | 22.32% | 5024.88% | |
71 Outperform | ¥17.12B | 8.08 | ― | 2.87% | -1.39% | -4.43% | |
67 Neutral | ¥15.19B | 4.49 | ― | 3.68% | 5.82% | -22.14% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | ¥18.23B | 14.29 | ― | 2.54% | 5.89% | -30.27% |
* Industrials Sector Average
JP:9765
OHBA CO., LTD.
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OHBA CO., LTD. Corporate Events
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...
OHBA Continues Share Buybacks Under Ongoing Treasury Stock Program
Mar 2, 2026
OHBA CO., LTD. reported that it acquired 5,100 shares of its common stock on the Tokyo Stock Exchange in February 2026, at a total cost of ¥6,069,800, under its authorized treasury stock repurchase program based on Japan’s Companies Act...
OHBA Extends Share Buyback Period to Complete Authorized Repurchases
Feb 12, 2026
OHBA Co., Ltd. has decided to extend the period for its ongoing share buyback program, which is being conducted under the authority granted by its articles of incorporation in accordance with the Companies Act. The extension reflects the company&#...
OHBA Reports Progress on Share Buyback Program Through January 2026
Feb 2, 2026
OHBA CO., LTD. has disclosed the latest status of its ongoing share buyback program, reporting the acquisition of 8,800 shares of common stock for a total of 10,183,700 yen through market purchases on the Tokyo Stock Exchange between January 1 and...
OHBA Corrects Minor Error in FY2026 Q2 Consolidated Results Disclosure
Jan 23, 2026
OHBA CO., LTD. has announced a correction to its FY2026 second-quarter consolidated financial results, revising an error in the reported year-on-year percentage change for net interim income attributable to owners of the parent. While the absolute...
OHBA Boosts Profits Despite Lower Sales, Confirms Dividend and FY2026 Outlook
Jan 9, 2026
For the six months ended November 30, 2025, OHBA reported an 11.9% year-on-year decline in net sales to ¥7.38 billion, but still achieved increases in operating profit (up 2.9% to ¥814 million), ordinary profit (up 9.8% to ¥910 mill...
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.