Obayashi raises full-year earnings forecast on improved profitability

Obayashi Corporation (TSE:1802) announced an upward revision to its full-year earnings forecast, driven by improved profitability in domestic construction projects and gains from the sale of strategic shareholdings. The company expects consolidated sales of JPY2,620 billion, up from the previous forecast of JPY2,610 billion, with operating profit rising to JPY143 billion from JPY132 billion. Net profit attributable to owners of the parent is now projected at JPY145 billion, up from JPY128 billion, resulting in earnings per share of JPY202.41.