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Shin Nippon Air Technologies Co., Ltd.
(1952)
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Rating:76Outperform
Price Target:
¥3,548.00
▲(12.81% Upside)
Action:Reiterated
Date:08/17/26
The score is primarily supported by strong financial performance (improving margins, conservative balance sheet) and favorable valuation (low P/E and solid dividend yield). These positives are partially offset by weak technicals, with the stock trading below key moving averages and negative MACD signaling near-term downside momentum.
Positive Factors
Sustained Revenue and Margin Expansion
Steady revenue growth alongside substantial gross- and net-margin expansion indicates stronger project economics and operating execution. If maintained, this trend can improve earnings quality and provide greater resilience against normal variations in construction activity.
Negative Factors
Volatile Project Cash Flows
Large working-capital movements can create a persistent gap between accounting profits and available cash, especially as project timing, billing, and customer payments vary. Although conversion recovered in 2026, the historical volatility reduces confidence in consistently deployable cash.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue and Margin Expansion
Steady revenue growth alongside substantial gross- and net-margin expansion indicates stronger project economics and operating execution. If maintained, this trend can improve earnings quality and provide greater resilience against normal variations in construction activity.
Read all positive factors
Shin Nippon Air Technologies Co., Ltd. (1952) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥148.27B
Dividend Yield3.53%
Average Volume (3M)90.27K
Price to Earnings (P/E)10.6
Beta (1Y)1.16
Revenue Growth11.40%
EPS Growth26.49%
CountryJP
Employees1,698
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)293.10
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 makes money by contracting and delivering building equipment projects and then servicing the installed systems over their operating life. Key revenue streams typically include: (1) engineering/construction revenue from design...
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 | 159.76B | 154.88B | 137.68B | 127.98B | 112.23B | 106.72B |
| Gross Profit | 26.05B | 26.66B | 21.49B | 18.33B | 15.37B | 14.20B |
| EBITDA | 16.13B | 17.58B | 14.59B | 10.73B | 8.36B | 8.38B |
| Net Income | 13.31B | 12.15B | 9.66B | 7.17B | 5.60B | 5.40B |
Balance Sheet | ||||||
| Total Assets | 122.23B | 135.39B | 118.17B | 117.35B | 109.15B | 99.97B |
| Cash, Cash Equivalents and Short-Term Investments | 22.99B | 27.34B | 20.57B | 13.63B | 25.00B | 15.57B |
| Total Debt | 2.45B | 2.82B | 3.86B | 9.96B | 3.73B | 4.21B |
| Total Liabilities | 41.20B | 52.72B | 48.87B | 51.75B | 50.93B | 46.15B |
| Stockholders Equity | 81.03B | 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
Negative
3145.00
Price Trends
3403.80
Negative
3425.60
Negative
3379.98
Negative
Market Momentum
-86.74
Negative
44.84
Neutral
49.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1952, the sentiment is Negative. The current price of 3145 is above the 20-day moving average (MA) of 3141.25, below the 50-day MA of 3403.80, and below the 200-day MA of 3379.98, indicating a bearish trend. The MACD of -86.74 indicates Negative momentum. The RSI at 44.84 is Neutral, neither overbought nor oversold. The STOCH value of 49.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥282.14B | 14.81 | 7.85% | 2.72% | 5.94% | -10.93% | |
76 Outperform | ¥148.27B | 10.63 | ― | 2.81% | 11.40% | 26.49% | |
76 Outperform | ¥105.00B | 12.29 | ― | 4.38% | 0.40% | 67.67% | |
68 Neutral | ¥174.49B | 15.34 | ― | 3.02% | -4.04% | -3.71% | |
65 Neutral | ¥62.69B | 15.97 | ― | 2.95% | 28.57% | 49.22% | |
65 Neutral | ¥585.04B | 14.33 | ― | 2.15% | 1.48% | 41.27% | |
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.
3,115.00
87.57
2.89%
JP:1941
CHUDENKO
5,120.00
1,364.61
36.34%
JP:1934
Yurtec Corporation
2,590.00
5.34
0.21%
JP:1939
Yondenko Corporation
2,183.00
865.16
65.65%
JP:1945
Tokyo Energy & Systems Inc.
2,109.00
467.02
28.44%
JP:1959
Kraftia Corporation
8,255.00
1,345.57
19.47%
Shin Nippon Air Technologies Co., Ltd. Corporate Events
Shin Nippon Air Technologies to Allocate Treasury Shares Under Employee Restricted Stock Plan
Aug 7, 2026
Shin Nippon Air Technologies has approved the disposal of up to 77,325 shares of its treasury stock as restricted stock to its Employee Shareholders Association, scheduled for September 18, 2026 at a disposal price of 3,390 yen per share. The tran...
Shin Nippon Air Technologies Posts Profit Surge Despite Margin Pressure, Raises Dividend Outlook
Aug 7, 2026
Shin Nippon Air Technologies reported consolidated net sales of ¥35.5 billion for the three months ended June 30, 2026, up 15.9% year on year, while operating profit fell 51.6% and ordinary profit dropped 38.1%. Profit attributable to owners ...
Shin Nippon Air Technologies Books ¥2.6 Billion Gain From Investment Securities Sale
Jul 1, 2026
Shin Nippon Air Technologies has recorded an extraordinary gain of 2.6 billion yen from the sale of a portion of its investment securities, specifically one listed stock, executed in June 2026. The move is part of its Medium-term Management Plan S...
Shin Nippon Air Technologies Strengthens Sales Leadership with New Managing Officer
Jul 1, 2026
Shin Nippon Air Technologies has announced a change in its executive ranks, appointing Shunsuke Narita as Managing Officer and Deputy General Manager of the Sales Division effective August 1, 2026. The move signals a reinforcement of the company&#...
Shin Nippon Air Technologies to Grant Restricted Treasury Stock to Executives
Jun 26, 2026
Shin Nippon Air Technologies has approved the disposal of 25,580 shares of its treasury stock as restricted stock compensation, valued at ¥3,630 per share for a total of ¥92,855,400. The shares will be allotted to four directors, 19 mana...
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.