Nippon Air Conditioning Services Co., Ltd. · TSE:4658
Nippon Air Conditioning Services — FY2025 Earnings Presentation
44 slides from Nippon Air Conditioning Services's earnings presentation, June 2025
Slide 1: Reference Materials of Financial Results for the Fiscal Year Ended March 31, 2025
© 2025 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. Reference Materials of Financial Results for the Fiscal Year Ended March 31, 2025 June 2025 TSE Prime Market, NSE Premier Market Securities code: 4658
Slide 2: Company overview
Company overview © 2025 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: History since foundation
History since foundation © 2025 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. ■ Net sales (left axis) ■Net sales and operating income changes since foundation (billion yen) ● Operating income (right axis) 80 8 Apr. 1964 Establishment 2024 Five-Year Mid-Term Management Plan 70 Start
Slide 4: Maintenance and management cycle of building facilities
Maintenance and management cycle of building facilities © 2025 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 5: Business division
Business division © 2025 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. Net sales Business division Overview composition We conduct inspection, PM maintenance, repair, replacement, etc. of overall equipment/systems of buildings (mainly air 36％ Preventive Maintenance conditioning) by
Slide 6: Contents
Contents © 2025 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. Ⅰ．Overview of financial results for FY03/2025 p.05-p.16 Ⅱ．The 2024 Five-Year Mid-Term Management Plan p.17-p.25 Ⅲ．Shareholder Returns p.26-p.29 Ⅳ．Supplementary materials p.30-p.43 5
Slide 7: Financial highlights
Ⅰ．Financial highlights © 2025 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. Net sales：¥64.4 billion[+10.7％] Operating income ：¥4.1 billion[+15.5%] Profit attributable 最終利益 to owners of parent：¥3.1 billion[+13.8％] *For net sales, operating income, profit attributable to owners of pa
Slide 8: Results for the fiscal year ended March 31, 2025
Ⅰ．Results for the fiscal year ended March 31, 2025 © 2025 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. ■Rates of achievement of planned figures in FY03/2024 (billion yen) ■ 1Q ■ 2Q Planned Core businesses such as maintenance and renovation work performed steadily, resulting in ■ 3
Slide 9: Net sales by quarter
Ⅰ．Results for the fiscal year ended March 31, 2025 © 2025 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. Net sales reached a record high for the fourth consecutive year. Net sales of the mainstay maintenance services reached a record high for the 14th consecutive year due to an incr
Slide 10: Gross profit on sales
Ⅰ．Results for the fiscal year ended March 31, 2025 © 2025 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 supplie
Slide 11: SG&A expenses and operating income
Ⅰ．Results for the fiscal year ended March 31, 2025 © 2025 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. Provision for performance-based bonuses for employees and the distribution of shareholder benefits to commemorate the 60th anniversary, operating income increased year on year in
Slide 12: Net sales by facilities entrusted
Ⅰ．Results for the fiscal year ended March 31, 2025 © 2025 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. ・Increa
Slide 13: Annual contract sales, maintenance and renovation work
Ⅰ．Results for the fiscal year ended March 31, 2025 © 2025 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 services ne
Slide 14: Overseas net sales and operating income
Ⅰ．Results for the fiscal year ended March 31, 2025 © 2025 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 ： ¥ 2.2 billion ■ Other regions Maintenance contracts increased in China
Slide 15: Status of cash flows
Ⅰ．Status of cash flows © 2025 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. FY03/2024 FY03/2025 Consolidated Cash flows from operating activities (cumulative period) Amount Year-on-year Amount Year-on-year change change (billion yen) (billion yen) (billion yen) (billion yen) increa
Slide 16: Financial position
Ⅰ．Financial position © 2025 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. FY03/2024 FY03/2025 Consolidated (as of the end of period) Amount Year-on-year Amount Year-on-year growth ratio growth ratio (billion yen) (billion yen) (％) (％) Current assets 26.3 +12.5 28.6 +8.6 Interest-be
Slide 17: Forecast for the fiscal year ending March 31, 2026
Ⅰ．Forecast for the fiscal year ending March 31, 2026 © 2025 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 18: Contents
Contents © 2025 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. Ⅰ．Overview of financial results for FY03/2025 p.05-p.16 Ⅱ．The 2024 Five-Year Mid-Term Management Plan p.17-p.25 Ⅲ．Shareholder Returns p.26-p.29 Ⅳ．Supplementary materials p.30-p.43 17
Slide 19: Thrive, for growth
© 2025 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. Thrive, for growth Contributing to the sustainability of customer businesses activities 18
Slide 20: The 2024 Five-Year Mid-Term Management Plan: Purpose, Mission, Vision, Value
Ⅱ．The 2024 Five-Year Mid-Term Management Plan © 2025 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 reso
Slide 21: Mid-Term Plan: Employee engagement and core technical capabilities
Ⅱ．The 2024 Five-Year Mid-Term Management Plan © 2025 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. VALUE Sustainable value creation and returns through enhancing the value of human capital 01 Increasing engagement to maximize the performance of our greatest asset, our employees We
Slide 22: Mid-Term Plan: Overseas operations and profit levels
Ⅱ．The 2024 Five-Year Mid-Term Management Plan © 2025 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. VALUE Sustainable value creation and returns through enhancing the value of human capital 05 Expanding and strengthening overseas operations to improve the sustainability of our busin
Slide 23: Mid-Term Plan KPIs and achievement rates
Ⅱ．The 2024 Five-Year Mid-Term Management Plan © 2025 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. In the first year, net sales increased due to a less competitive market environment, the acquisition of highly profitable projects, and orders received at appropriate prices, etc. ref
Slide 24: Technical Training Center
Ⅱ．The 2024 Five-Year Mid-Term Management Plan © 2025 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 Novem
Slide 25: Vision toward the fiscal year ending March 31, 2029
VISION toward the fiscal year ending March 31, 2029 © 2025 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. ▶Stay on the right path and continue human capital-focused growth to enhance corporate value. Operating income margin ： 6％ Customers Employee Shareholder Net sales： 74bil. yen N
Slide 26: We will do what we must.
© 2025 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. We will do what we must. Strengthening the competitive advantages of our core businesses 25
Slide 27: Contents
Contents © 2025 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. Ⅰ．Overview of financial results for FY03/2025 p.05-p.16 Ⅱ．The 2024 Five-Year Mid-Term Management Plan p.17-p.25 Ⅲ．Shareholder Returns p.26-p.29 Ⅳ．Supplementary materials p.30-p.43 26
Slide 28: Stock-related information
Ⅲ．Stock-related information © 2025 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. ■Dividend yield (％) Stock-related information 6.00 5.24 4.16 4.62 Stock price ¥1,081 5.00 3.82 3.88 4.00 Total market 3.00 capitalization ¥38.6 billion 2.00 1.00 Dividends ¥46.00 per share 0.00 2021.3
Slide 29: Shareholder Returns
Ⅲ．Shareholder Returns © 2025 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. We plan to pay an annual dividend of 45 yen per share (interim dividend of 20 yen and year-end dividend of 25 yen) for FY03/2025. We plan to pay an annual dividend of 46 yen per share (interim dividend of 23
Slide 30: Stable and sustainable returns
Ⅲ．Shareholder Returns © 2025 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 2024 Five-Year Mid-term Management Plan, the minimum annual dividend per share
Slide 31: Contents
Contents © 2025 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. Ⅰ．Overview of financial results for FY03/2025 p.05-p.16 Ⅱ．The 2024 Five-Year Mid-Term Management Plan p.17-p.25 Ⅲ．Shareholder Returns p.26-p.29 Ⅳ．Supplementary materials p.30-p.43 30
Slide 32: Number of employees
Ⅳ．Number of employees © 2025 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
Slide 33: Domestic market size
Ⅳ．Domestic market size © 2025 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. Construction and maintenance Companies approx. ¥2.2 trillion ▼ Approx. 70% of the air conditioning and heat source system market is for existing buildings ▼ we project a target for the Company of approx. ¥1
Slide 34: Comparison with other companies in the same business
Ⅳ．Comparison with other companies in the same business © 2025 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. The Company Company Company Company A B C Characteristics of the Company compared to other Total market ¥38.6 ¥261.7 ¥6.9 ¥7.5 capitalization companies in the same sector bil
Slide 35: Three key advantages
Ⅳ．Nippon Air Conditioning Services Three key advantages © 2025 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. ① Advanced technological capabilities ② Independence from manufactures Company A Company B Company C ③Vast service network 34
Slide 36: Advanced technological capabilities
Ⅳ．① Advanced technological capabilities © 2025 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 environm
Slide 37: Advanced technological capabilities (Examples of Hospital Operations)
Ⅳ．① Advanced technological capabilities(Examples of Hospital Operations) © 2025 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 measu
Slide 38: Advanced technological capabilities: examples
Ⅳ．① Advanced technological capabilities © 2025 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 manageme
Slide 39: Independence from manufacturers
Ⅳ．②Independence from manufactures © 2025 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 to
Slide 40: Vast service network
Ⅳ．③Vast service network © 2025 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:68 locations ・Suzhou Nikku Suntec Electromechanical Technology Co., Ltd. 〇Group Companies （an overs
Slide 41: Share in large-scale domestic hospitals
Ⅳ．Share in large-scale domestic hospitals © 2025 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 42: Hospital energy savings (example)
Ⅳ．Hospital energy savings (example) © 2025 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 FY2023 Total floor area approx. 48,000 sqm 800 Succeeded in saving a s
Slide 43: Acquire patents by developing new technologies
Ⅳ．Acquire patents by developing new technologies © 2025 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. First patent Second patent (April 2023) (November 2023) Microbe Safer microbe decontamination decontamination technique technique that enables that uses Vinegar and Oxydol safety a
Slide 44: Disclaimer
Disclaimer © 2025 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
Nippon Air Conditioning Services — FY2025 Earnings Presentation on 6ix