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Nippon Air Conditioning Services Co., Ltd.
(4658)
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Rating:69Neutral
Price Target:
¥1,703.00
▲(32.02% Upside)
Action:Downgraded
Date:08/18/26
The score is primarily supported by strong fundamentals—especially a conservatively levered balance sheet and steady revenue growth—plus reasonable valuation with a solid dividend yield. Offsetting factors are cash-flow variability and weak near-term technical momentum (below key moving averages with negative MACD).
Positive Factors
Sustained Revenue Growth
Multi-year revenue expansion indicates durable business activity across installation, maintenance, inspection and renovation services. Continued growth provides a foundation for operating leverage and supports the company’s competitive position in lifecycle-oriented facility management.
Negative Factors
Volatile Cash Generation
Significant year-to-year cash-flow swings reduce visibility into internally generated funds and may reflect working-capital or project timing effects. Moderate recent free-cash-flow conversion also limits confidence that accounting earnings will consistently translate into deployable cash.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Multi-year revenue expansion indicates durable business activity across installation, maintenance, inspection and renovation services. Continued growth provides a foundation for operating leverage and supports the company’s competitive position in lifecycle-oriented facility management.
Read all positive factors
Nippon Air Conditioning Services Co., Ltd. (4658) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥53.85B
Dividend Yield3.46%
Average Volume (3M)105.50K
Price to Earnings (P/E)13.6
Beta (1Y)0.93
Revenue Growth7.36%
EPS Growth21.55%
CountryJP
Employees2,268
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)114.91
Shares Outstanding35,784,000
10 Day Avg. Volume58,030
30 Day Avg. Volume105,499
Financial Highlights & Ratios
PEG Ratio0.74
Price to Book (P/B)1.66
Price to Sales (P/S)0.74
P/FCF Ratio38.65
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
Nippon Air Conditioning Services Co., Ltd. Business Overview & Revenue Model
Company Description
Nippon Air Conditioning Services Co., Ltd. delivers specialized construction support services, operating both domestically within Japan and across international markets. Their core offerings encompass a full spectrum of air conditioning maintenanc...
How the Company Makes Money
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Nippon Air Conditioning Services Co., Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
86
Very Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 70.41B | 69.25B | 64.44B | 58.23B | 52.89B | 49.89B |
| Gross Profit | 15.39B | 14.91B | 12.96B | 10.97B | 9.33B | 8.81B |
| EBITDA | 6.07B | 5.80B | 4.86B | 4.26B | 3.36B | 4.64B |
| Net Income | 3.98B | 3.69B | 3.10B | 2.73B | 1.94B | 2.82B |
Balance Sheet | ||||||
| Total Assets | 50.97B | 53.14B | 48.57B | 42.95B | 37.56B | 35.14B |
| Cash, Cash Equivalents and Short-Term Investments | 9.17B | 8.20B | 9.00B | 6.99B | 6.58B | 7.25B |
| Total Debt | 3.73B | 3.20B | 3.65B | 1.73B | 1.02B | 887.00M |
| Total Liabilities | 19.18B | 22.20B | 22.44B | 18.73B | 15.85B | 14.65B |
| Stockholders Equity | 31.58B | 30.74B | 25.93B | 24.04B | 21.54B | 20.34B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.32B | 1.64B | 762.00M | 368.00M | 1.49B |
| Operating Cash Flow | 0.00 | 2.76B | 4.96B | 2.42B | 921.00M | 1.78B |
| Investing Cash Flow | 0.00 | -1.54B | -3.47B | -1.80B | -697.00M | 971.00M |
| Financing Cash Flow | 0.00 | -2.08B | 378.00M | -287.00M | -1.02B | -2.37B |
Nippon Air Conditioning Services Co., Ltd. Technical Analysis
Positive
1290.00
Price Trends
1579.16
Negative
1576.64
Negative
1470.20
Positive
Market Momentum
-7.22
Negative
50.28
Neutral
63.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4658, the sentiment is Positive. The current price of 1290 is below the 20-day moving average (MA) of 1545.60, below the 50-day MA of 1579.16, and below the 200-day MA of 1470.20, indicating a neutral trend. The MACD of -7.22 indicates Negative momentum. The RSI at 50.28 is Neutral, neither overbought nor oversold. The STOCH value of 63.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4658.
Nippon Air Conditioning Services Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥22.16B | 15.17 | ― | 1.34% | 15.28% | 20.07% | |
73 Outperform | ¥331.69B | 15.27 | 27.51% | 3.34% | 7.13% | -9.94% | |
73 Outperform | ¥280.12B | 36.45 | ― | 0.87% | 16.94% | 29.51% | |
69 Neutral | ¥53.85B | 13.58 | ― | 3.33% | 7.36% | 21.55% | |
67 Neutral | ¥12.69B | 14.59 | ― | 1.08% | 17.53% | 23.69% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
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Nippon Air Conditioning Services Co., Ltd. Corporate Events
Nippon Air Conditioning Services Completes Treasury Share Disposal for Restricted Stock Compensation
Aug 10, 2026
Nippon Air Conditioning Services has completed the payment procedures for the disposal of 47,500 treasury shares, which are being used as restricted stock compensation under a board resolution passed on July 24, 2026. The shares, priced at ¥1...
Nippon Air Conditioning Services Reports Limited Impact From Kumamoto Earthquake
Jul 31, 2026
Nippon Air Conditioning Services Co., Ltd. reported limited damage from the July 28 Kumamoto earthquake, confirming no injuries among Group employees and only partial damage to its Kumamoto Service Office building. The company emphasized that all ...
Nippon Air Conditioning Services Posts Strong Q1 Profits, Holds Full-Year Guidance
Jul 31, 2026
For the three months to June 30, 2026, Nippon Air Conditioning Services delivered higher revenues and margins, as net sales reached ¥15.1 billion and operating profit surged 45.8% year on year, lifting quarterly EPS to ¥23.47 and boostin...
Nippon Air Conditioning Services Reveals Long-Term Certificate Falsification at Sales Office
Jul 31, 2026
Nippon Air Conditioning Services has disclosed long-running misconduct at a sales office involving falsification of third-party calibration and inspection certificates for measuring instruments used in maintenance of a major customer’s air c...
Nippon Air Conditioning Services Grants Restricted Stock to Management from Treasury Shares
Jul 24, 2026
Nippon Air Conditioning Services has approved the disposal of 47,500 treasury shares as restricted stock compensation to four directors, three senior executive officers and eight executive officers, at a price of ¥1,603 per share for a total ...
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.