TOKYO, May 13 (Pulse News Wire) – OBAYASHI Corporation (1802.T) announced today that its board approved the acquisition of shares in PT JTD JAYA PRATAMA, a highway concession operator in Indonesia, along with appointing a director to integrate the company as a related entity. The move aims to expand OBAYASHI's portfolio in high-growth markets and address social issues such as traffic congestion in Jakarta.
JT DJAYA PRATAMA holds the operational rights for a 31-kilometer toll road across Jakarta’s central area, which currently operates partially but is expected to fully open by 2027, potentially easing severe traffic conditions. OBAYASHI plans to establish PT Obayashi Concession Indonesia (OCI) through joint investment with Jayahori Co., Ltd., to facilitate the share purchase. OCI will hold a significant stake in JT DJAYA PRATAMA, contributing to OBAYASHI’s strategic growth initiatives.
As part of the transaction, OCI will acquire shares worth approximately $2.8 billion on August 25, 2026, increasing its holding to 51% by September 14, 2026. OCI’s initial capital will be ¥770 billion Indonesian rupiah, equivalent to approximately $55.5 million, with additional funding planned upon completion of land acquisitions by 2027. In recent years, JT DJAYA PRATAMA reported revenues of around ¥106 billion rupiah and an EBITDA of ¥68.8 billion rupiah for the fiscal year ending December 2025.
The deal is anticipated to have a minor impact on OBAYASHI’s consolidated performance for the March 2027 fiscal year.
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