1833
OKUMURA CORPORATION
株式会社奥村組
Construction
Okumura Corporation engages in construction and related businesses in Japan. The company designs, manufactures, and sells construction and industrial machines and devices; and provides real estate and land management services. It also generates and sells renewable electricity; and engages in the civil engineering, investment, and development of projects. Okumura Corporation was founded in 1907 and is headquartered in Osaka, Japan.
Price
¥5,610
Market Cap
¥204.8B
Ent. Value
¥238.0B
Net Debt
−¥33.2B
Shares Out.
36.5M
P / E
11.0×
EV / EBIT
14.9×
P / Book
1.02×
P / NCAV
16.19×
Div. Yield
1.96%
Financials
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | ¥307.2B | ¥298.2B | ¥288.1B | ¥249.4B | ¥242.5B |
| Cost of Sales | ¥268.5B | ¥266.5B | ¥253.0B | ¥217.4B | ¥210.6B |
| Gross Profit | ¥38.7B | ¥31.7B | ¥35.2B | ¥32.0B | ¥31.8B |
| SG&A | ¥22.7B | ¥22.0B | ¥21.5B | ¥20.2B | ¥19.2B |
| Operating Income | ¥15.9B | ¥9.7B | ¥13.7B | ¥11.8B | ¥12.6B |
| Non-Operating Income | ¥10.8B | ¥1.8B | ¥1.9B | ¥1.7B | ¥1.8B |
| Dividend Income | — | ¥1.4B | ¥1.2B | ¥1.2B | ¥1.2B |
| Interest Income | — | ¥95M | ¥73M | ¥28M | ¥43M |
| Non-Operating Expenses | — | ¥2.6B | ¥724M | ¥611M | ¥443M |
| Interest Expense | — | ¥807M | ¥606M | ¥550M | ¥393M |
| Ordinary Income | ¥25.3B | ¥8.9B | ¥14.9B | ¥12.9B | ¥14.0B |
| Pre-tax Income | ¥26.7B | ¥-1.4B | ¥18.2B | ¥15.3B | ¥17.2B |
| Income Taxes | ¥6.2B | ¥5.1B | ¥6.0B | ¥4.8B | ¥5.2B |
| Current Tax | — | ¥5.0B | ¥5.8B | ¥4.7B | ¥4.2B |
| Deferred Tax | — | ¥160M | ¥237M | ¥99M | ¥963M |
| Net Income (owners) | ¥18.4B | ¥2.7B | ¥12.5B | ¥11.3B | ¥12.5B |
| Minority Interest | — | ¥-9.3B | ¥-329M | ¥-718M | ¥-528M |
| Comprehensive Income | — | ¥-6.4B | ¥26.9B | ¥11.3B | ¥8.6B |
| EBITDA | ¥19.1B | ¥13.9B | ¥18.1B | ¥14.2B | ¥14.5B |
| Goodwill Amort. (J-GAAP) | — | ¥29M | ¥29M | ¥29M | ¥29M |
| EPS | ¥511.80 | ¥74.00 | ¥339.30 | ¥306.07 | ¥334.10 |
| Shares Outstanding | — | 36.5M | 37.1M | 36.8M | 36.8M |
| Shares Issued (total) | — | 38.7M | 38.7M | 38.7M | 39.7M |
| Treasury Shares | — | 2.2M | 1.6M | 1.9M | 2.9M |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥440.9B | ¥393.5B | ¥384.8B | ¥343.7B | ¥332.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥259.6B | ¥241.1B | ¥220.4B | ¥198.9B | ¥192.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥17.3B | ¥28.7B | ¥30.2B | ¥40.2B | ¥33.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥181.3B | ¥152.3B | ¥164.3B | ¥144.9B | ¥140.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥72.5B | ¥65.2B | ¥75.5B | ¥77.1B | ¥73.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | — | — | ¥348M | ¥378M | ¥408M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | — | ¥1.5B | ¥1.8B | ¥1.7B | ¥1.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥75.2B | ¥60.4B | ¥68.7B | ¥54.9B | ¥56.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | — | ¥4M | ¥2M | ¥3M | ¥3M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥246.9B | ¥221.0B | ¥193.2B | ¥170.5B | ¥164.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥179.0B | ¥175.0B | ¥146.4B | ¥129.0B | ¥126.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥25.5B | ¥43.8B | ¥16.7B | ¥10.7B | ¥9.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | — | ¥2.1B | ¥3.4B | ¥3.0B | ¥1.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥67.9B | ¥46.0B | ¥46.8B | ¥41.5B | ¥38.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥25.0B | ¥5.0B | ¥5.1B | ¥3.1B | ¥5.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | — | ¥19.9B | ¥18.7B | ¥12.0B | ¥11.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥194.0B | ¥172.5B | ¥191.6B | ¥173.2B | ¥167.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | — | ¥19.8B | ¥19.8B | ¥19.8B | ¥19.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | — | ¥26.5B | ¥26.5B | ¥26.2B | ¥26.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥110.9B | ¥100.3B | ¥107.7B | ¥103.8B | ¥101.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | — | ¥-8.0B | ¥-5.3B | ¥-5.2B | ¥-8.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | — | ¥38.6B | ¥40.0B | ¥27.3B | ¥27.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥147.8B | ¥138.7B | ¥148.7B | ¥144.7B | ¥139.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | — | ¥-4.8B | ¥2.9B | ¥1.2B | ¥467M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥50.5B | ¥48.8B | ¥21.8B | ¥13.8B | ¥14.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-33.2B | ¥-20.1B | ¥8.4B | ¥26.4B | ¥18.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥12.6B | ¥20.1B | ¥27.2B | ¥28.3B | ¥27.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | — | ¥551 | ¥734 | ¥770 | ¥737 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | — | ¥3,799 | ¥4,007 | ¥3,932 | ¥3,800 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥7.6B | ¥-11.8B | ¥-17.1B | ¥17.9B | ¥18.3B |
| Taxes Paid | — | ¥-6.6B | ¥-5.4B | ¥-3.4B | ¥-7.0B |
| Interest Paid | — | ¥-612M | ¥-445M | ¥-375M | ¥-278M |
| Interest Received | — | ¥1.5B | ¥1.3B | ¥1.2B | ¥1.2B |
| D&A | ¥3.2B | ¥4.1B | ¥4.3B | ¥2.3B | ¥1.8B |
| Goodwill Amort. | — | ¥29M | ¥29M | ¥29M | ¥29M |
| Investing CF | ¥-10.0B | ¥-1.5B | ¥1.5B | ¥772M | ¥-2.8B |
| Financing CF | ¥-9.7B | ¥12.1B | ¥-4.3B | ¥-1.6B | ¥-4.2B |
| Dividends Paid | — | ¥-10.1B | ¥-8.6B | ¥-6.4B | ¥-6.3B |
| Share Buybacks | — | ¥-2.7B | ¥-13M | ¥-30M | ¥-3.3B |
| LT Debt Repaid | — | ¥-1M | ¥-4.0B | ¥-2.0B | ¥-1M |
| Free Cash Flow | ¥7.6B | ¥-11.8B | ¥-17.1B | ¥17.9B | ¥18.3B |
| Net Change in Cash | — | ¥-1.5B | ¥-19.9B | ¥17.2B | ¥11.5B |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 10.0% | 1.5% | 6.9% | 6.6% | 7.5% |
| ROA | 4.4% | 0.7% | 3.4% | 3.3% | 3.8% |
| EPS | ¥511.80 | ¥74.00 | ¥339.30 | ¥306.07 | ¥334.10 |
| DPS | ¥110.00 | ¥216.00 | ¥237.00 | ¥223.00 | ¥172.00 |
| BPS | ¥5,489.40 | ¥4,894.08 | ¥5,123.61 | ¥4,673.68 | ¥4,540.26 |
| FCF/Share | — | ¥-324 | ¥-462 | ¥486 | ¥497 |
| NCAV/Share | — | ¥551 | ¥734 | ¥770 | ¥737 |
| Payout Ratio | 21.5% | 291.9% | 69.8% | 72.9% | 51.5% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 2
| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
|
5,644 | 15.47% |
| 2 |
Employee Stock Ownership Plan
奥村組従業員持株会
|
2,025 | 5.55% |
| 3 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
1,538 | 4.22% |
| 4 |
Resona Bank
株式会社りそな銀行
|
1,214 | 3.33% |
| 5 |
Sumitomo Realty & Development Co.,Ltd.
住友不動産株式会社
|
1,210 | 3.32% |
| 6 |
STATE STREET BANK ANDTRUST COMPANY
STATE STREET BANK ANDTRUST COMPANY 505001(常任代理人株式会社みずほ銀行)
|
833 | 2.28% |
| 7 |
Nippon Life Insurance
日本生命保険相互会社
|
643 | 1.76% |
| 8 |
Sumitomo Mitsui Banking Corporation
株式会社三井住友銀行
|
556 | 1.53% |
| 9 | 奥村 太加典 | 472 | 1.30% |
| 10 |
BNY Mellon (Nominee)
THE BANK OF NEW YORK,TREATY JASDEC ACCOUNT(常任代理人株式会社三菱UFJ銀行)
|
466 | 1.28% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
19.7%
+1.4% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
3.6%
+0.8% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
16.8%
+0.5% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 40.0% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 13.10% | 14.02% | 15.47% +1.45% | |
| Employee Stock Ownership Plan 奥村組従業員持株会 | 5.22% | 5.25% | 5.55% +0.30% | |
| Japan Custody Bank 日本カストディ銀行 | 3.88% | 4.32% | 4.22% -0.10% | |
| Resona Bank りそな銀行 | 3.30% | 3.27% | 3.33% +0.06% | |
| Sumitomo Realty & Development Co.,Ltd. 住友不動産 | 3.29% | 3.26% | 3.32% +0.06% | |
| State Street | 1.47% | 1.42% | 2.28% +0.86% | |
| Nippon Life Insurance 日本生命保険 | 1.75% | 1.73% | 1.76% +0.03% | |
| Sumitomo Mitsui Banking Corporation 三井住友銀行 | 1.51% | 1.50% | 1.53% +0.03% | |
| 奥村 太加典 | — | 1.27% | 1.30% +0.03% | |
| BNY Mellon NEW ENTRY | 1.51% | — | 1.28% NEW | |
| JP Morgan last seen 2024 | Exited Top 10 | — | 1.34% | — |
| JPモルガン証券 last seen 2023 | Exited Top 10 | 1.35% | — | — |
| Concentration (HHI) ⓘ | 247 | 275 | 324 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥24,686M
-39% since 2023
Holdings
39
10 exited
Trend
1 unwinding
vs 2023
| Held Company | FY2025 ¥24,686M total | FY2023 ¥40,606M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
Kintetsu Group Holdings Co.
近鉄グループホールディングス㈱
|
3,279 |
1,027,955
|
4,384 | 1,027,955 | |
|
Keihan Holdings Co.,Ltd.
京阪ホールディングス㈱
|
2,986 |
917,359
|
3,169 | 917,359 | |
|
Central Japan Railway Company
東海旅客鉄道㈱
|
1,927 |
+400.0%
↑
675,500
|
2,135 | 135,100 | |
|
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ
|
1,753 |
+109.9%
↑
462,072
|
1,166 | 220,124 | |
|
TAKUMA CO., LTD.
㈱タクマ
|
1,734 |
945,400
|
1,254 | 945,400 | M |
|
Keisei Electric Railway Co.
京成電鉄㈱
|
1,671 |
+201.5%
↑
1,240,460
|
1,676 | 411,377 | |
|
Maruzen Showa Unyu Co,.Ltd.
丸全昭和運輸㈱
|
1,392 |
231,644
|
745 | 231,644 | M |
|
Hankyu Hanshin Holdings,Inc.
阪急阪神ホールディングス㈱
|
1,235 |
306,994
|
1,204 | 306,994 | |
|
West Japan Railway Company
西日本旅客鉄道㈱
|
1,166 |
+100.0%
↑
400,000
|
1,091 | 200,000 | |
|
NIPPON STEEL CORPORATION
日本製鉄㈱
|
1,057 |
330,830
|
1,032 | 330,830 | M |
|
Resona Holdings, Inc.
㈱りそなホールディングス
|
965 |
749,926
|
479 | 749,926 | |
|
Kurimoto,Ltd.
㈱栗本鐵工所
|
925 |
203,000
|
412 | 203,000 | M |
|
KIMURA CHEMICAL PLANTS CO., LTD.
木村化工機㈱
|
705 |
969,600
|
657 | 969,600 | M |
| 南海電気鉄道㈱ | 649 |
265,012
|
775 | 265,012 | M |
|
Kintetsu Department Store Co.
㈱近鉄百貨店
|
607 |
-70.9%
↓
276,900
|
2,322 | 950,600 | |
|
KOMORI CORPORATION
㈱小森コーポレーション
|
487 |
400,099
|
396 | 400,099 | M |
|
The Nanto Bank,Ltd.
㈱南都銀行
|
400 |
101,314
|
235 | 101,314 | M |
|
OKAYA&CO.,LTD.
岡谷鋼機㈱
|
378 |
+100.0%
↑
54,200
|
281 | 27,100 | M |
|
Wakita & Co.,LTD.
㈱ワキタ
|
321 |
186,000
|
226 | 186,000 | M |
|
TAKADAKIKO(Steel Construction)CO.,LTD.
高田機工㈱
|
272 |
+200.0%
↑
266,400
|
237 | 88,800 | M |
|
Nankai Tatsumura Construction Co., Ltd.
南海辰村建設㈱
|
256 |
800,000
|
255 | 800,000 | |
|
Nagoya Railway Co.
名古屋鉄道㈱
|
174 |
100,000
|
204 | 100,000 | |
|
ONOKEN CO.,LTD.
小野建㈱
|
129 |
85,900
|
127 | 85,900 | M |
|
Keio Corporation
京王電鉄㈱
|
86 |
+17.6%
↑
22,701
|
89 | 19,310 | |
|
Sanyo Electric Railway Co.,Ltd.
山陽電気鉄道㈱
|
83 |
42,050
|
95 | 42,050 | |
|
TOYO TANSO CO.,LTD.
東洋炭素㈱
|
43 |
11,100
|
45 | 11,100 | M |
|
Okayamaken Freight Transportation Co.,Ltd
岡山県貨物運送㈱
|
6 |
2,000
|
5 | 2,000 | |
|
INFRONEER Holdings Inc.
インフロニア・ホールディングス㈱
|
— | — | |||
|
The Chugoku Electric Power Company, Incorporated
中国電力㈱
|
— | — | |||
|
The Kansai Electric Power Company, Incorporated
関西電力㈱
|
— | — | |||
|
Shikoku Electric Power Company, Incorporated
四国電力㈱
|
— | — | |||
|
Kyushu Electric Power Company, Incorporated
九州電力㈱
|
— | — | |||
|
SEIBU HOLDINGS INC.
㈱西武ホールディングス
|
— | — | |||
|
Kobe Steel, Ltd.
㈱神戸製鋼所
|
— | — | |||
|
DAIKIN INDUSTRIES, LTD.
ダイキン工業㈱
|
— | — | |||
|
The Ehime Bank, Ltd.
㈱愛媛銀行
|
— | — | M | ||
| 名糖産業㈱ | — | — | M | ||
|
Namura Shipbuilding Co.,Ltd.
㈱名村造船所
|
— | — | M | ||
| 新京成電鉄㈱ | — | — | |||
|
FUJICCO CO., LTD.
フジッコ㈱
|
— |
−100%
Exit
—
|
275 | 148,800 | M |
|
The Sumitomo Warehouse Co.,Ltd.
㈱住友倉庫
|
— |
−100%
Exit
—
|
1,863 | 857,000 | M |
|
Sansei Technologies,Inc.
三精テクノロジーズ㈱
|
— |
−100%
Exit
—
|
269 | 333,000 | M |
|
Idemitsu Kosan Co.,Ltd.
出光興産㈱
|
— |
−100%
Exit
—
|
164 | 56,800 | |
|
Sumitomo Realty & Development Co.,Ltd.
住友不動産㈱
|
— |
−100%
Exit
—
|
9,431 | 3,162,934 | M |
|
YAKULT HONSHA CO.,LTD.
㈱ヤクルト本社
|
— |
−100%
Exit
—
|
2,994 | 311,000 | M |
|
Daiwa Securities Group Inc.
㈱大和証券グループ本社
|
— |
−100%
Exit
—
|
341 | 550,000 | M |
|
CHUDENKO CORPORATION
㈱中電工
|
— |
−100%
Exit
—
|
278 | 130,300 | M |
|
Kurashiki Spinning Co., Ltd.
倉敷紡績㈱
|
— |
−100%
Exit
—
|
232 | 92,400 | M |
|
OSAKA SODA CO.,LTD.
㈱大阪ソーダ
|
— |
−100%
Exit
—
|
63 | 14,600 | M |
| Portfolio total | 24,686 | 40,606 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding