Nippon Air Conditioning Services Co., Ltd. · TSE:4658
Nippon Air Conditioning Services — FY2026/03 Earnings Presentation
49 slides from Nippon Air Conditioning Services's earnings presentation, June 2026
Slide 1: Reference Materials of Financial Results for the Fiscal Year Ended March 31, 2026
© 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. Reference Materials of Financial Results for the Fiscal Year Ended March 31, 2026 June 2026 TSE Prime Market, NSE Premier Market Securities code: 4658
Slide 2: Company overview
Company overview © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. Company overview Apr. 1964 The company is established in Higashijukucho, Nakamura-ku Nagoya-shi, Aichi. Company Nippon Air Conditioning Name Services Co., Ltd. Securities The Company at a Glance by Numbers 4658 c
Slide 3: Number of employees
Number of employees © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. ■ Regular employees Technology-related employees ■Number of employees (persons) ■ Average temporarily employed workers ( ) Technology-related employees account for approximately 80% 4,000 Technology-oriented c
Slide 4: The Technical Training Center
The Technical Training Center © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. The construction of the Technical Training Center, aimed at accelerating the process of enhancing human capital value as a key to expanding our corporate value, was completed in November 2024. Full-s
Slide 5: History since foundation
History since foundation © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. ■Net sales and operating profit changes since foundation (billion yen) ■ Net sales (left axis) ● Operating profit (right axis) 100 10 Apr. 1964 Establishment 2026 Four-Year Mid-Term Management Plan 90 Sta
Slide 6: Maintenance and management cycle of building facilities
Maintenance and management cycle of building facilities © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. ■Business Overview In-house technicians can respond in any phase Comprehensive support encompassing building facility maintenance, operation, and management, Planning facili
Slide 7: Business division
Business division © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. Net sales Business division Overview composition We conduct inspection, maintenance, repair, replacement, PM etc. of overall equipment/systems of buildings (mainly air 36％ Preventive Maintenance conditioning) by
Slide 8: Contents
Contents © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. Ⅰ．Overview of financial results for FY2026/03 p.07-p.21 Ⅱ．Mid-Term Management Plan p.22-p.29 Ⅲ．Shareholder Returns p.30-p.34 Ⅳ．Supplementary materials p.35-p.47 7
Slide 9: Financial highlights
Ⅰ．Financial highlights © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. Net sales：¥69.2 billion[+7.5％] Operating profit ：¥4.7 billion[+13.5%] Profit attributable 最終利益 to owners of parent：¥3.6 billion[+19.1％] *For net sales, operating profit, profit attributable to owners of par
Slide 10: Financial Results
Ⅰ．Financial Results © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. (billion yen, %) FY2024/03 FY2025/03 FY2026/03 Consolidated (cumulative period) Ratio to Year-on-year Ratio to Year-on-year Ratio to Year-on-year Amount Amount Amount sales growth ratio sales growth ratio sale
Slide 11: Rates of achievement of planned figures
Ⅰ．Rates of achievement of planned figures © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. Although profit growth slowed in the second half due to the impact of the provision for performance-based bonuses, net sales and profits exceeded forecasts due to various factors includin
Slide 12: Net sales by quarter
Ⅰ．Net sales by quarter © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. Net sales reached a record high for the fifth consecutive year. Net sales of the mainstay maintenance services reached a record high for the 15th consecutive year due to an increase in spot maintenance serv
Slide 13: Gross profit on sales
Ⅰ．Gross profit on sales © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. Profits increased in all categories of annual contracts, spot contracts, and construction by absorbing increases in costs due to rising procurement costs of materials and supplies and rising labor costs. ■
Slide 14: SG&A expenses
Ⅰ．SG&A expenses © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. SG&A expenses increased due to rising labor costs from base pay raises, provision for performance-based bonuses for employees, and higher depreciation expenses mainly associated with the Company’s Technical Traini
Slide 15: Operating profit / Profit attributable to owners of parent
Ⅰ．Operating profit / Profit attributable to owners of parent © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. In addition to the increase in operating profit driven by steady growth in net sales from maintenance and renovation work, profit attributable to owners of parent also
Slide 16: Net sales by facilities of which services are entrusted
Ⅰ．Net sales by facilities of which services are entrusted © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. ■Net sales by facilities of which services are entrusted ①Hospitals and research facilities (billion yen) ■ Hospitals and research facilities ■ Manufacturing plants, etc.
Slide 17: Annual contract / Maintenance services / Renovation work
Ⅰ．Annual contract / Maintenance services / Renovation work © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. ■ Hospitals and research facilities ■ Manufacturing plants, etc. ■ Other special facilities ■ Office buildings, etc. ■Annual contract sales (billion yen) ■Maintenance ser
Slide 18: Overseas net sales and operating profit
Ⅰ．Overseas net sales and operating profit © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. ■Overseas net sales by region (million yen) ■ China ■ Singapore Net sales in four countries outside Japan ： ¥ 2.5 billion ■ Other regions Although China saw decreases in both sales and pr
Slide 19: Status of cash flows
Ⅰ．Status of cash flows © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. FY2025/03 FY2026/03 Consolidated Cash flows from operating activities decreased (cumulative period) Amount Year-on-year Amount Year-on-year ▼ change change (billion yen) (billion yen) (billion yen) (billion
Slide 20: Assets
Ⅰ．Assets © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. ■Assets (billion yen) ■Key variable factors (billion yen) 53.1 Current assets +0.1 48.5 Cash and deposits -0.8 Notes receivable - trade -0.3 Accounts receivable from completed +1.3 28.8 construction contracts Current 28.
Slide 21: Liabilities and Net assets
Ⅰ．Liabilities and Net assets © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. ■Liabilities and Net assets (billion yen) ■Key variable factors (billion yen) 53.1 48.5 Current liabilities -0.7 Electronically recorded obligations - operating -1.1 15.9 Accrued expenses +0.6 Current
Slide 22: Forecast for the fiscal year ending March 31, 2027
Ⅰ．Forecast for the fiscal year ending March 31, 2027 © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. Although unstable geopolitical conditions, inflation, and other unfavorable factors are expected to continue, we aim to achieve a year-on-year increase in both sales and profit
Slide 23: Contents
Contents © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. Ⅰ．Overview of financial results for FY2026/03 p.07-p.21 Ⅱ．Mid-Term Management Plan p.22-p.29 Ⅲ．Shareholder Returns p.30-p.34 Ⅳ．Supplementary materials p.35-p.47 22
Slide 24: Progress of the 2024 Five-Year Mid-Term Management Plan
Ⅱ．Progress of the “2024 Five-Year Mid-Term Management Plan” © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. 【Main reasons for differences from targets】 (i) Growing demand for heat countermeasures to improve working environments, particularly in manufacturing plants and other w
Slide 25: The 2026 Four-Year Mid-Term Management Plan
Ⅱ．The 2026 Four-Year Mid-Term Management Plan © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. We revised upward the “2024 Five-Year Mid-Term Management Plan,” which was announced on June 7, 2024 and was being implemented, and newly launched the “2026 Four-Year Mid- Term Manage
Slide 26: PMVV
Ⅱ．PMVV © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. PURPOSE Contributing to the sustainability of customer businesses and enhancing the value of society as a whole MISSION Bringing together the technological capabilities and human resources to maintain optimal environments
Slide 27: Issues that the Company must address: human capital
Ⅱ．Issues that the Company must address © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. (1) Strengthening human capital: enhancing human capital through expanded engagement and recruiting 01 02 03 04 Improving compensation for employees, Increasing engagement to Increase in the
Slide 28: Issues that the Company must address: technical competence
Ⅱ．Issues that the Company must address © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. (2) Rebuilding of comprehensive technical competence: rebuilding of comprehensive technical competence, including on-site responsiveness, management skills, proposal development capability,
Slide 29: Issues that the Company must address: capital policy
Ⅱ．Issues that the Company must address © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. (3) Formulation and execution of capital policy: promoting complex management aimed at maximizing corporate value 09 10 11 12 Raising profit levels to Reducing investment Improving capital I
Slide 30: Thrive, for growth
© 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. Thrive, for growth We will do what we must. Strengthening the competitive advantages of our core businesses, contributing to the sustainability of customer businesses activities. 29
Slide 31: Contents
Contents © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. Ⅰ．Overview of financial results for FY2026/03 p.07-p.21 Ⅱ．Mid-Term Management Plan p.22-p.29 Ⅲ．Shareholder Returns p.30-p.34 Ⅳ．Supplementary materials p.35-p.47 30
Slide 32: Return Policy
Ⅲ．Return Policy © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. Profit growth through sustainable growth of core businesses ▼ Stable and sustainable returns ▼ During the period covered by the 2026 Four-Year Mid-term Management Plan, the Company Group will pay progressive divid
Slide 33: Stock-related information
Ⅲ．Stock-related information © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. ■Dividend yield (％) Stock-related information 6.00 5.24 5.00 4.16 4.52 Stock price ¥1,521 3.88 3.66 4.00 Total market 3.00 capitalization ¥54.4 billion 2.00 *Dividend yield is calculated using the actu
Slide 34: Dividend per share and dividend payout ratio
Ⅲ．Dividend per share and dividend payout ratio © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. We plan to pay an annual dividend of 54 yen per share, which is 2 yen higher than 52 yen of the previous forecast (interim dividend of 23 yen and year-end dividend of 29 yen) for FY2
Slide 35: Secondary Offering of Shares
Ⅲ．Secondary Offering of Shares © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. We conducted a secondary offering of shares to reduce strategic shareholdings in our shares, to broaden and diversify our shareholder base, and to enhance liquidity. Details Number of shares 4,096,0
Slide 36: Contents
Contents © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. Ⅰ．Overview of financial results for FY2026/03 p.07-p.21 Ⅱ．Mid-Term Management Plan p.22-p.29 Ⅲ．Shareholder Returns p.30-p.34 Ⅳ．Supplementary materials p.35-p.47 35
Slide 37: Three key advantages
Ⅳ．Nippon Air Conditioning Services Three key advantages © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. (1) Advanced technological capabilities Company A Company B Company C (2) Independence from manufactures (3) Vast service network 36
Slide 38: (1) Advanced technological capabilities
Ⅳ．(1) Advanced technological capabilities © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. ■Ratio of sales of facilities with special environment (%) ■ Ratio of sales of facilities with special environment ■ Other sales Hospitals and manufacturing plants must meet strict enviro
Slide 39: Advanced technological capabilities (Examples of Hospital Operations)
Ⅳ．(1) Advanced technological capabilities (Examples of Hospital Operations) © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. Central surveillance service Solution proposals “Is it possible to create such and such environment?” or “How can we improve the situation?” ▼ ＋ Daily me
Slide 40: Advanced technological capabilities: examples
Ⅳ．(1) Advanced technological capabilities © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. Examples of the technological capabilities required are shown below. *Picture: Environmental performance measurement / diagnosis, Clean equipment maintenance, Environmental hygiene manage
Slide 41: (2) Independence from manufactures
Ⅳ．(2) Independence from manufactures © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. There is air-conditioning equipment from various makers inside buildings. Company A- Company B- Company C- manufacture manufacture manufacture (1) As an independent company, we are not subject
Slide 42: (3) Vast service network
Ⅳ．(3) Vast service network © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. Japan Overseas 〇Nippon Air Conditioning Services Co., Ltd. ○China Head office, branches and sales offices:69 locations ・Suzhou Nikku Suntec Electromechanical Technology Co., Ltd. 〇Group Companies （an ov
Slide 43: Domestic market size
Ⅳ．Domestic market size © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. Construction and maintenance Companies*1 approx. ¥2.5 trillion ▼ Approx. 65% of the air conditioning and heat source system market is for existing buildings*2 ▼ We project a target for the Company of approx
Slide 44: Comparison with other companies in the same business
Ⅳ．Comparison with other companies in the same business © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. The Company Company Company Company A B C Total market ¥54.4 ¥10.1 ¥8.6 ¥33.9 capitalization billion billion billion billion Characteristics of the Company compared to other
Slide 45: Share in large-scale domestic hospitals
Ⅳ．Share in large-scale domestic hospitals © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. ■ Percentage of acceptance of outsourcing for domestic hospitals that have 600 beds or more (beds) Our strengths include facilities maintenance at large ■ Our company ■ Others hospitals,
Slide 46: Hospital energy savings (example)
Ⅳ．Hospital energy savings (example) © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. ■Energy transition graph (t-CO2) 2010年度エネルギー Energy in FY2010 Midsized Tokyo hospital(450 beds scale) 2023年度エネルギー Energy in FY2025 Total floor area approx. 48,000 sqm 800 Succeeded in saving a
Slide 47: Acquire patents by developing new technologies
Ⅳ．Acquire patents by developing new technologies © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. First 特許1つ目 patent Second patent Third patent （2023年4月） (April 2023) (November 2023) (September 2025) Safer and easier-to-use microbe Microbe Safer microbe decontamination decontam
Slide 48: Response to climate change initiatives
Ⅳ．Response to climate change initiatives © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. Our Group believes that climate change-related risks are significant in seeking to improve sustainability of our customers’ business activities, and has therefore fully launched our respon
Slide 49: Disclaimer
Disclaimer © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. These materials were prepared by Nippon Air Conditioning Services Co., Ltd. (the “Company”) for the purpose of understanding the current status of the Company, and do not aim at solicitation for investment in securitie
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