Nippon Air Conditioning Services Co 4658.T · JPY
Industrials · Tokyo Stock Exchange · 🇯🇵 Japan
1,391
+1.76%
Close of 9 Nov 2026, in JPY
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At a glance
Figures in JPY, from our data supplier.
Revenue
¥69.25bn
FY2017FY2026
Net income
¥3.69bn
FY2017FY2026
Free cash flow
¥1.32bn
FY2017FY2026
Shareholders' equity
¥30.74bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥69.25bn | ¥64.44bn | ¥58.23bn | ¥52.89bn | ¥49.89bn | ¥49.15bn | ¥49.67bn | ¥46.39bn | ¥45.47bn | ¥43.14bn |
| Gross profit | ¥14.91bn | ¥12.96bn | ¥10.97bn | ¥9.33bn | ¥8.81bn | ¥9.12bn | ¥9.35bn | ¥8.53bn | ¥8.20bn | ¥7.79bn |
| Research and development | ¥25.0m | ¥21.0m | ¥34.0m | ¥16.0m | ¥15.0m | ¥9.0m | ¥14.0m | ¥11.0m | ¥10.0m | ¥12.0m |
| Operating income | ¥4.76bn | ¥4.20bn | ¥3.63bn | ¥2.85bn | ¥2.62bn | ¥3.00bn | ¥3.11bn | ¥2.60bn | ¥2.48bn | ¥2.40bn |
| Net income | ¥3.69bn | ¥3.10bn | ¥2.73bn | ¥1.94bn | ¥2.82bn | ¥2.00bn | ¥1.90bn | ¥1.79bn | ¥1.56bn | ¥1.50bn |
| Diluted earnings per share | 105.87 | 88.85 | 78.32 | 55.78 | 81.19 | 56.72 | 52.95 | 49.99 | 43.68 | 41.98 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥53.14bn | ¥48.57bn | ¥42.95bn | ¥37.56bn | ¥35.14bn | ¥34.91bn | ¥33.01bn | ¥33.94bn | ¥33.02bn | ¥31.94bn |
| Cash and short-term investments | ¥8.20bn | ¥9.00bn | ¥6.99bn | ¥6.58bn | ¥7.25bn | ¥6.69bn | ¥6.02bn | ¥7.20bn | ¥6.21bn | ¥5.40bn |
| Total liabilities | ¥22.20bn | ¥22.44bn | ¥18.73bn | ¥15.86bn | ¥14.65bn | ¥14.52bn | ¥14.55bn | ¥16.54bn | ¥16.67bn | ¥16.64bn |
| Debt | ¥3.20bn | ¥3.65bn | ¥1.73bn | ¥1.02bn | ¥887.0m | ¥1.21bn | ¥1.72bn | ¥1.78bn | ¥2.30bn | ¥2.88bn |
| Shareholders' equity | ¥30.74bn | ¥25.93bn | ¥24.04bn | ¥21.54bn | ¥20.34bn | ¥20.26bn | ¥18.35bn | ¥17.31bn | ¥16.26bn | ¥15.19bn |
| Shares outstanding | 35m | 35m | 35m | 35m | 35m | 35m | 36m | 36m | 36m | 36m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥2.76bn | ¥4.96bn | ¥2.42bn | ¥921.0m | ¥1.78bn | ¥2.73bn | ¥107.0m | ¥2.65bn | ¥2.90bn | ¥1.15bn |
| Capital spending | −¥1.43bn | −¥3.32bn | −¥1.66bn | −¥586.0m | −¥312.0m | −¥189.0m | −¥221.0m | −¥344.0m | −¥276.0m | −¥254.0m |
| Free cash flow | ¥1.32bn | ¥1.64bn | ¥762.0m | ¥335.0m | ¥1.47bn | ¥2.54bn | −¥114.0m | ¥2.31bn | ¥2.62bn | ¥900.0m |
| Dividends paid | −¥1.65bn | −¥1.51bn | −¥989.0m | −¥958.0m | −¥1.52bn | −¥988.0m | −¥949.0m | −¥824.0m | −¥806.0m | −¥612.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥15.05bn | ¥22.56bn | ¥17.28bn | ¥15.51bn | ¥13.89bn | ¥20.25bn | ¥17.26bn | ¥14.18bn |
| Gross profit | ¥3.41bn | ¥4.96bn | ¥3.55bn | ¥3.46bn | ¥2.93bn | ¥4.06bn | ¥3.46bn | ¥3.00bn |
| Operating income | ¥1.22bn | ¥1.84bn | ¥607.0m | ¥1.47bn | ¥839.0m | ¥1.53bn | ¥866.0m | ¥1.23bn |
| Net income | ¥814.0m | ¥1.57bn | ¥541.0m | ¥1.05bn | ¥529.0m | ¥1.26bn | ¥664.0m | ¥810.0m |
| Diluted earnings per share | 23.35 | 45.03 | 15.50 | 30.10 | 15.15 | 36.06 | 19.08 | 23.28 |
| Total assets | ¥50.97bn | ¥53.14bn | ¥49.12bn | ¥46.32bn | ¥45.64bn | ¥48.57bn | ¥44.83bn | ¥42.25bn |
| Cash and short-term investments | ¥9.17bn | ¥8.20bn | ¥7.64bn | ¥8.41bn | ¥10.64bn | ¥9.00bn | ¥7.45bn | ¥8.76bn |
| Debt | ¥1.43bn | ¥3.20bn | ¥1.40bn | ¥3.41bn | ¥1.24bn | ¥3.62bn | ¥1.68bn | ¥3.98bn |
| Shareholders' equity | ¥31.58bn | ¥30.74bn | ¥28.80bn | ¥28.03bn | ¥26.01bn | ¥25.93bn | ¥24.82bn | ¥24.61bn |
Financial ratios
Data as of 17 Sept 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 21.5% | 20.1% | 18.8% | 17.6% | 17.7% | 18.5% |
| Operating margin | 7.5% | 6.5% | 6.2% | 5.4% | 5.2% | 6.1% |
| Net margin | 5.3% | 4.8% | 4.7% | 3.7% | 5.7% | 4.1% |
| Return on equity | 12.0% | 12.0% | 11.3% | 9.0% | 13.9% | 9.9% |
| Return on assets | 6.9% | 6.4% | 6.3% | 5.2% | 8.0% | 5.7% |
| Free cash flow yield | 7.2% | 14.2% | 7.0% | 2.6% | 3.6% | 4.9% |
| Revenue growth | 7.5% | 10.7% | 10.1% | 6.0% | 1.5% | -1.1% |
| Earnings growth | 19.0% | 13.8% | 40.5% | -31.2% | 41.2% | 5.2% |
| Current ratio | 1.81x | 1.72x | 1.82x | 1.92x | 1.98x | 1.95x |
| Debt to equity | 0.10x | 0.14x | 0.07x | 0.05x | 0.04x | 0.06x |
| Equity ratio | 57.8% | 53.4% | 56.0% | 57.3% | 57.9% | 58.1% |
| Interest coverage | 147.54x | 150.14x | 453.13x | 356.00x | 327.13x | 333.44x |
| R&D as a share of sales | 0.0% | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | 0.1% | -0.3% | -0.0% | -0.1% | 1.4% | 1.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.4% | 7.1% | 5.0% |
| Operating income | 18.7% | 9.7% | 7.4% |
| Net income | 23.9% | 13.1% | 14.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 20.8% | 19.7% | 19.2% | 18.8% |
| Operating margin | 6.7% | 6.3% | 6.1% | 5.9% |
| Net margin | 5.1% | 4.7% | 4.7% | 4.2% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 13.3 | 14.5 | 13.5 | 14.5 | 8.4 | 14.3 | 14.2 | 17.1 | 16.5 | 18.7 |
| Price to sales | 0.7 | 0.7 | 0.6 | 0.5 | 0.5 | 0.6 | 0.5 | 0.7 | 0.6 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 20 years. Last went ex-dividend on 29 Sept 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 28.50 | 77.00 | 44.00 | 29.00 | 28.00 | 30.00 | 28.00 | 27.00 |
- 2-for-1 split · 29 Mar 2016
- 2-for-1 split · 27 Mar 2014
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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