Shin Nippon Air Technologies Co., Ltd. (1952) AI Stock Analysis

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Shin Nippon Air Technologies Co., Ltd.

(TSE/TYO:1952)

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Rating:76Outperform

Price Target:JPY 3,007.00▲(2.80% 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

Revenue GrowthSteady revenue expansion, including acceleration into 2026, indicates continued demand for the company’s building-facility engineering and maintenance services. Sustained top-line growth can support operating scale, strengthen customer relationships, and provide a durable base for future earnings development.

Negative Factors

Cash-Flow VolatilityThe sharp swing into negative operating and free cash flow demonstrates that reported earnings do not always convert consistently into cash. Working-capital volatility in project-based operations can affect funding needs and make cash available for dividends, investment, or debt reduction less predictable.

Shin Nippon Air Technologies Co., Ltd. (1952) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 134.87B
Dividend Yield: 4.44%
Average Volume (3M): 157.17K
Price to Earnings (P/E): 10.1
Beta (1Y): 1.17
Revenue Growth: 11.40%
EPS Growth: 26.49%
Country: Japan
Employees: 1,698
Sector: Industrials
Sector Strength: 63
Industry: Engineering & Construction

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 conditioning,...

Shin Nippon Air Technologies Co., Ltd. Financial Statement Overview

Summary

Strong overall fundamentals driven by steady revenue growth and meaningfully improving profitability (gross margin and net margin expanding over five years). The balance sheet is a standout with very low leverage and improving ROE, providing resilience. The main offset is cash-flow volatility (notably a weak 2024), which reduces confidence in consistency of cash conversion.

Income Statement

83Very Positive

Balance Sheet

90Very Positive

Cash Flow

72Positive

Financial statement breakdown
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	11.06B	14.03B	-13.74B	12.60B	6.81B
Operating Cash Flow	0	11.62B	14.24B	-13.56B	12.82B	7.00B
Investing Cash Flow	0	197.00M	2.05B	-783.00M	-1.17B	414.00M
Financing Cash Flow	0	-5.17B	-10.18B	2.52B	-2.27B	-4.41B

Shin Nippon Air Technologies Co., Ltd. Technical Analysis

Technical Analysis SentimentNeutral

Last Price2925.00

Price Trends

50DMA3043.05Negative

100DMA3195.15Negative

200DMA3325.09Negative

Market Momentum

MACD-67.62Positive

RSI48.23Neutral

STOCH48.18Neutral

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 2925.00 is below the 20-day moving average (MA) of 2933.65, below the 50-day MA of 3043.05, and below the 200-day MA of 3325.09, indicating a bearish trend. The MACD of -67.62 indicates Positive momentum. The RSI at 48.23 is Neutral, neither overbought nor oversold. The STOCH value of 48.18 is Neutral, 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

Overall Rating

UnderperformOutperform

Sector (63)

Financial Indicators

JP:1952 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:1939	81Outperform	JPY 116.28B	12.32	―	3.88%	6.91%	84.84%
JP:1952	76Outperform	JPY 135.09B	10.10	―	4.44%	11.40%	26.49%
JP:1941	74Outperform	JPY 279.39B	13.73	8.01%	2.76%	8.69%	-4.66%
JP:1934	72Outperform	JPY 169.90B	13.51	―	3.10%	-2.22%	5.62%
JP:1959	71Outperform	JPY 527.38B	11.62	―	3.28%	5.31%	51.56%
JP:1945	65Neutral	JPY 56.62B	13.67	―	3.84%	25.55%	25.72%
Sector *	63Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

* Industrials Sector Average

Performance Comparison

JP:1952 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:1952	Shin Nippon Air Technologies Co., Ltd.	2925.00	44.76	1.55%
JP:1941	CHUDENKO CORPORATION	5080.00	954.96	23.15%
JP:1934	Yurtec Corporation	2519.00	143.87	6.06%
JP:1939	Yondenko Corporation	2447.00	1064.26	76.97%
JP:1945	Tokyo Energy & Systems Inc.	1900.00	214.28	12.71%
JP:1959	Kraftia Corporation	7632.00	323.76	4.43%

Shin Nippon Air Technologies Co., Ltd. Corporate Events

Shin Nippon Air Technologies Adjusts Treasury Stock Incentive for Employee Shareholders

Sep 18, 2026

Shin Nippon Air Technologies has completed payment procedures for the disposal of treasury stock used as a restricted stock incentive for its employee shareholders association. The program, initially approved by the Board in early August, is being im...

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.

Date of analysis: Aug 17, 2026

Shin Nippon Air Technologies Co., Ltd. AI Stock Analysis