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Shin Nippon Air Technologies Co., Ltd.
(1952)
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Rating:75Outperform
Price Target:
¥3,983.00
▲(26.65% Upside)
Action:Reiterated
Date:05/15/26
The score is driven primarily by strong financial performance—expanding margins, improving ROE, and a low-leverage balance sheet—tempered by historically volatile cash flows. Valuation is supportive with a moderate P/E and solid dividend yield, while technicals are mixed with the price below short-term moving averages despite a positive longer-term trend.
Positive Factors
Improving margins & revenue growth
Revenue growth accelerating into 2026 alongside meaningful gross and net margin expansion strengthens core earnings power. That durable improvement enhances cash generation, funds reinvestment and shareholder returns, and reduces sensitivity to single-project outcomes over the medium term.
Negative Factors
Volatile cash flows
Operating and free cash flow have swung materially, with 2024 showing negative cash from working-capital moves. For a project-based business, episodic cash volatility can stress liquidity, necessitate short-term financing, and constrain steady reinvestment or payout policies across cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving margins & revenue growth
Revenue growth accelerating into 2026 alongside meaningful gross and net margin expansion strengthens core earnings power. That durable improvement enhances cash generation, funds reinvestment and shareholder returns, and reduces sensitivity to single-project outcomes over the medium term.
Read all positive factors
Shin Nippon Air Technologies Co., Ltd. (1952) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥178.50B
Dividend Yield2.81%
Average Volume (3M)90.27K
Price to Earnings (P/E)14.0
Beta (1Y)1.14
Revenue Growth12.49%
EPS Growth26.17%
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 Ratio0.46
Price to Book (P/B)1.79
Price to Sales (P/S)0.96
P/FCF Ratio13.38
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., along with its affiliated companies, offers specialized engineering solutions for managing environmental conditions, encompassing air, water, and temperature control. These services extend to air conditionin...
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
83
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 143.41B | 154.88B | 137.68B | 127.98B | 112.23B | 106.72B |
| Gross Profit | 23.58B | 26.66B | 21.49B | 18.33B | 15.37B | 14.20B |
| EBITDA | 15.93B | 17.58B | 14.59B | 10.73B | 8.36B | 8.38B |
| Net Income | 10.54B | 12.15B | 9.66B | 7.17B | 5.60B | 5.40B |
Balance Sheet | ||||||
| Total Assets | 100.22B | 135.39B | 118.17B | 117.35B | 109.15B | 99.97B |
| Cash, Cash Equivalents and Short-Term Investments | 18.18B | 27.34B | 20.57B | 13.63B | 25.00B | 15.57B |
| Total Debt | 329.00M | 2.82B | 3.86B | 9.96B | 3.73B | 4.21B |
| Total Liabilities | 31.25B | 52.72B | 48.87B | 51.75B | 50.93B | 46.15B |
| Stockholders Equity | 68.97B | 82.67B | 69.29B | 65.59B | 58.21B | 53.81B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 11.06B | 14.03B | -13.74B | 12.60B | 6.81B |
| Operating Cash Flow | 0.00 | 11.62B | 14.24B | -13.56B | 12.82B | 7.00B |
| Investing Cash Flow | 0.00 | 197.00M | 2.05B | -783.00M | -1.17B | 414.00M |
| Financing Cash Flow | 0.00 | -5.17B | -10.18B | 2.52B | -2.27B | -4.41B |
Shin Nippon Air Technologies Co., Ltd. Technical Analysis
Positive
3145.00
Price Trends
3453.10
Positive
3545.48
Positive
3302.87
Positive
Market Momentum
68.05
Negative
63.93
Neutral
84.46
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1952, the sentiment is Positive. The current price of 3145 is below the 20-day moving average (MA) of 3458.50, below the 50-day MA of 3453.10, and below the 200-day MA of 3302.87, indicating a bullish trend. The MACD of 68.05 indicates Negative momentum. The RSI at 63.93 is Neutral, neither overbought nor oversold. The STOCH value of 84.46 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥297.54B | 15.82 | 7.43% | 2.78% | 2.69% | -6.83% | |
78 Outperform | ¥659.29B | 16.43 | ― | 2.15% | 0.46% | 38.67% | |
77 Outperform | ¥99.40B | 13.00 | ― | 4.38% | -6.07% | 44.81% | |
75 Outperform | ¥178.50B | 14.01 | ― | 2.81% | 12.49% | 26.17% | |
73 Outperform | ¥62.87B | 16.15 | ― | 2.95% | 22.68% | 48.87% | |
64 Neutral | ¥165.24B | 16.05 | ― | 2.87% | -1.92% | -12.16% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
JP:1952
Shin Nippon Air Technologies Co., Ltd.
3,750.00
1,344.50
55.89%
JP:1941
CHUDENKO
5,410.00
2,164.06
66.67%
JP:1934
Yurtec Corporation
2,413.00
323.07
15.46%
JP:1939
Yondenko Corporation
2,061.00
830.25
67.46%
JP:1945
Tokyo Energy & Systems Inc.
2,082.00
765.32
58.12%
JP:1959
Kraftia Corporation
9,306.00
3,335.08
55.86%
Shin Nippon Air Technologies Co., Ltd. Corporate Events
Shin Nippon Air Technologies Launches Phase III of Medium-Term Plan Toward 2030 Vision
May 13, 2026
Shin Nippon Air Technologies has unveiled “SNK Vision 2030 Phase III,” a new four-year medium-term management plan covering fiscal years 2026 to 2029, positioned as both the final push toward its 2030 vision and a bridge to its next lo...
Shin Nippon Air Technologies Delivers Strong FY2026 Earnings and Hikes Dividend
May 13, 2026
Shin Nippon Air Technologies reported strong consolidated results for the fiscal year ended March 31, 2026, with net sales rising 12.5% year on year to ¥154.9 billion and operating profit climbing 33.3% to ¥15.1 billion. Ordinary profit ...
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...
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.