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    1802   JP3190000004

OBAYASHI CORPORATION

(1802)
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Obayashi : has formulated tax governance policy

07/26/2021 | 12:18pm EDT

The Obayashi Group recognizes that tax is an important part of the infrastructure of society. In order to contribute to realizing a sustainable society, the Obayashi Group has formulated the following tax governance policy to guide the company in acting responsibly with regard to tax.

Ensuring compliance with laws and regulations

The Obayashi Group complies with every country and regional jurisdiction's tax laws and regulations, and the Obayashi Group fulfills its tax return filing and payment obligations.

Tax governance

The executive officer in charge of finance is responsible for tax governance as part of the finance function of the Obayashi Group. The Obayashi Group has established a structure in which significant tax matters are reported by the tax division to the responsible person as appropriate. In addition, we strive to raise awareness and recognition of tax operations through training and instruction of directors and employees.

The Obayashi Group manages tax risk appropriately and strives to minimize tax risk by using external professionals and obtaining advance tax rulings from the tax authorities as necessary.

Tax havens

The Obayashi Group does not use tax havens for the purpose of tax avoidance.

Transfer pricing rules

The Obayashi Group strives to set the prices of intra-group transactions at an arm's length rate pursuant to laws and regulations of each country and regional jurisdiction, and to allocate income based on actual substance. Additionally, where furnishing or filing of transfer pricing documentation is required in a country or regional jurisdiction, the Obayashi Group complies such documentation requirements.

Tax planning

The Obayashi Group does not undertake tax planning that lacks a reasonable business purpose. In addition, with the understanding that the Obayashi Group complies with applicable tax laws and regulations and carefully considers legislative intent, we strive to bear appropriate tax costs by avoiding double taxation and applying for available preferential tax treatment, thus improving shareholder value through tax efficiency.

Relationship with the tax authorities

The Obayashi Group strives to build and maintain a transparent and good relationship with the tax authorities by providing appropriate tax information and acting in good faith with the tax authorities during tax audits.

Ensuring transparency

The Obayashi Group seeks to ensure transparency regarding tax matters with regard to the tax authorities, shareholders, investors and the local communities by disclosing tax information pursuant to the relevant laws, regulations, and accounting standards of every country and regional jurisdiction.

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Disclaimer

Obayashi Corporation published this content on 26 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 July 2021 16:17:08 UTC.


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Financials
Sales 2022 1 914 B 17 281 M 17 281 M
Net income 2022 76 599 M 692 M 692 M
Net cash 2022 25 800 M 233 M 233 M
P/E ratio 2022 8,71x
Yield 2022 3,44%
Capitalization 667 B 6 029 M 6 026 M
EV / Sales 2022 0,34x
EV / Sales 2023 0,30x
Nbr of Employees 15 267
Free-Float 90,8%
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Obayashi Corporation Technical Analysis Chart | 1802 | JP3190000004 | MarketScreener
Technical analysis trends OBAYASHI CORPORATION
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 930,00 JPY
Average target price 973,75 JPY
Spread / Average Target 4,70%
EPS Revisions
Managers and Directors
Kenji Hasuwa President & Representative Director
Toshimi Sato Director, Head-Finance, Personnel & Accounting
Takeo Obayashi Chairman
Naoki Kajita Managing Executive Officer & GM-Technology
Shinichi Otake Independent Outside Director
Sector and Competitors