Shin Nippon Air Technologies Co., Ltd. (JP:1952)
:1952
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Shin Nippon Air Technologies Co., Ltd.
(1952)
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Rating:80Outperform
Price Target:
¥3,903.00
▲(24.10% Upside)
Action:ReiteratedDate:02/11/26
The score is driven primarily by strong financial performance (healthy growth, improving margins, excellent cash conversion, and very low leverage). Technicals are supportive due to a clear uptrend, but overbought readings temper the score. Valuation is reasonable with a moderate P/E and a solid dividend yield.
Positive Factors
Cash generation
The company converts reported profits into cash efficiently (OCF/Net Income 1.47; FCF/Net Income 1.45). Strong cash conversion is durable: it funds working capital for project execution, supports maintenance contract delivery, enables capex or reinvestment, and reduces reliance on external financing over multiple quarters.
Negative Factors
Cyclicality of project revenues
Heavy reliance on project and contract work ties results to building and industrial capex cycles. New orders and project timing can shift significantly quarter-to-quarter, creating structural volatility in revenue recognition, bid competition and backlog execution risk that can persist across several reporting periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
The company converts reported profits into cash efficiently (OCF/Net Income 1.47; FCF/Net Income 1.45). Strong cash conversion is durable: it funds working capital for project execution, supports maintenance contract delivery, enables capex or reinvestment, and reduces reliance on external financing over multiple quarters.
Read all positive factors
Shin Nippon Air Technologies Co., Ltd. (1952) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥170.64B
Dividend Yield2.81%
Average Volume (3M)90.27K
Price to Earnings (P/E)11.7
Beta (1Y)1.19
Revenue Growth17.47%
EPS Growth85.08%
CountryJP
Employees1,649
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)230.94
Shares Outstanding48,564,450
10 Day Avg. Volume93,610
30 Day Avg. Volume90,270
Financial Highlights & Ratios
PEG Ratio0.23
Price to Book (P/B)1.15
Price to Sales (P/S)0.58
P/FCF Ratio5.68
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Shin Nippon Air Technologies Co., Ltd. Business Overview & Revenue Model
Company Description
Shin Nippon Air Technologies Co. Ltd., together with its subsidiaries, provides engineering systems to control air, water, heat, and other areas of air conditioning, electrical, and sanitary facilities in Japan and internationally. It offers engin...
How the Company Makes Money
The company primarily earns revenue through (1) project/contract income from engineering and construction work—being paid for designing, procuring, and installing HVAC and other building-services systems on new builds, expansions, and retrofit pro...
Shin Nippon Air Technologies Co., Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
83
Very Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 143.41B | 137.68B | 127.98B | 112.23B | 106.72B | 107.25B |
| Gross Profit | 23.58B | 21.49B | 18.33B | 15.37B | 14.20B | 13.57B |
| EBITDA | 13.28B | 12.01B | 9.74B | 7.54B | 7.36B | 6.86B |
| Net Income | 10.54B | 9.66B | 7.17B | 5.60B | 5.40B | 4.64B |
Balance Sheet | ||||||
| Total Assets | 100.22B | 118.17B | 117.35B | 109.15B | 99.97B | 98.63B |
| Cash, Cash Equivalents and Short-Term Investments | 18.18B | 20.57B | 13.63B | 25.00B | 15.57B | 12.17B |
| Total Debt | 329.00M | 3.86B | 9.96B | 3.73B | 4.21B | 6.94B |
| Total Liabilities | 31.25B | 48.87B | 51.75B | 50.93B | 46.15B | 47.93B |
| Stockholders Equity | 68.97B | 69.29B | 65.59B | 58.21B | 53.81B | 50.70B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 14.03B | -13.74B | 12.60B | 6.81B | 1.83B |
| Operating Cash Flow | 0.00 | 14.24B | -13.56B | 12.82B | 7.00B | 1.92B |
| Investing Cash Flow | 0.00 | 2.05B | -783.00M | -1.17B | 414.00M | 309.00M |
| Financing Cash Flow | 0.00 | -10.18B | 2.52B | -2.27B | -4.41B | -2.50B |
Shin Nippon Air Technologies Co., Ltd. Technical Analysis
Neutral
3145.00
Price Trends
3647.76
Negative
3404.91
Positive
3105.87
Positive
Market Momentum
-3.02
Negative
47.65
Neutral
19.36
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1952, the sentiment is Neutral. The current price of 3145 is below the 20-day moving average (MA) of 3508.40, below the 50-day MA of 3647.76, and above the 200-day MA of 3105.87, indicating a neutral trend. The MACD of -3.02 indicates Negative momentum. The RSI at 47.65 is Neutral, neither overbought nor oversold. The STOCH value of 19.36 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:1952.
Shin Nippon Air Technologies Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥170.64B | 11.69 | ― | 2.81% | 17.47% | 85.08% | |
78 Outperform | ¥259.59B | 9.89 | 7.43% | 2.78% | 2.69% | -6.90% | |
78 Outperform | ¥653.91B | 11.33 | ― | 2.15% | 0.46% | 38.67% | |
77 Outperform | ¥97.43B | 6.30 | ― | 4.38% | -6.07% | 44.83% | |
64 Neutral | ¥167.57B | 18.57 | ― | 2.87% | -1.92% | -12.16% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | ¥57.83B | 11.64 | ― | 2.95% | 8.72% | 139.76% |
* Industrials Sector Average
JP:1952
Shin Nippon Air Technologies Co., Ltd.
3,585.00
1,489.98
71.12%
JP:1941
CHUDENKO
4,720.00
1,459.50
44.76%
JP:1934
Yurtec Corporation
2,447.00
662.87
37.15%
JP:1939
Yondenko Corporation
2,020.00
797.87
65.28%
JP:1945
Tokyo Energy & Systems Inc.
1,915.00
850.04
79.82%
JP:1959
Kyudenko Corporation
9,230.00
4,347.01
89.02%
Shin Nippon Air Technologies Co., Ltd. Corporate Events
Shin Nippon Air Technologies Confirms Strong Nine-Month Results After Audit Review
Feb 16, 2026
Shin Nippon Air Technologies reported consolidated results for the nine months ended December 31, 2025, confirming that its previously released figures have passed an interim review by certified public accountants with no changes. The company post...
Shin Nippon Air Technologies Unveils Wide-Ranging Management Reshuffle for 2026
Feb 12, 2026
Shin Nippon Air Technologies has announced a broad reshuffle of its leadership, including the planned retirement of Director Hiroshi Natsui at the June 2026 shareholders’ meeting, after which he is slated to become a senior advisor. The move...
Shin Nippon Air Technologies Lifts FY2026 Profit Outlook on Strong Project Margins
Feb 12, 2026
Shin Nippon Air Technologies revised its consolidated forecast for the fiscal year ended March 31, 2026, lifting projected net sales to 150 billion yen and profit attributable to owners of parent to 10.5 billion yen, both above previous guidance a...
Shin Nippon Air Technologies Lifts Earnings Outlook and Dividend on Strong Nine-Month Results
Feb 12, 2026
Shin Nippon Air Technologies reported strong consolidated results for the nine months ended Dec. 31, 2025, with net sales rising 18.2% year on year to ¥104.7 billion and profit attributable to owners of parent surging 81.5% to ¥7.0 billi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.