# Kajima vs Obayashi

> Unit: JPY millions (ratios in %)
> Periods: Kajima = FY ending Mar 2026, consolidated, J-GAAP / Obayashi = FY ending Mar 2026, consolidated, J-GAAP
> Retrieved: 2026-09-30T19:00:18.213Z

| Metric | Kajima | Obayashi |
| --- | ---: | ---: |
| Revenue | 3,067,275 | 2,586,258 |
| Operating income | 240,780 | 194,678 |
| Net income | 177,334 | 173,759 |
| COGS ratio | 86.1% | 85.9% |
| Operating margin | 7.8% | 7.5% |
| Net margin | 5.8% | 6.7% |
| FCF margin | 1.9% | 4.9% |
| Period | FY ending Mar 2026 | FY ending Mar 2026 |
| Source | S100YGGI | S100YITC |

## Five-axis industry profile

Each axis shows a rank within that company's primary industry, so peer groups may differ. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

| Axis | Kajima | Obayashi |
| --- | ---: | ---: |
| Revenue growth | 85.1 (84 peers) | 75.6 (84 peers) |
| Profitability | 67.9 (92 peers) | 58.2 (92 peers) |
| Cash conversion | 39 (91 peers) | 70.9 (91 peers) |
| Efficiency | 34.2 (92 peers) | 31 (92 peers) |
| Financial strength | 30 (15 peers) | 76.7 (15 peers) |

## Company details

- https://vizora.meequs.com/en/company/kajima/md
- https://vizora.meequs.com/en/company/obayashi/md

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).