Nippon Air Conditioning Services Co., Ltd. · TSE:4658

Nippon Air Conditioning Services — Q3 FY2026/03 Earnings Presentation

20 slides from Nippon Air Conditioning Services's earnings presentation, February 2026

1. Slide 1: Supplementary Materials of Financial Results for the 3rd Quarter of FY Ending March 2026

   © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. Supplementary Materials of Financial Results for the 3rd Quarter of Fiscal Year Ending March 31, 2026 February 2026 TSE Prime Market, NSE Premier Market Securities code: 4658

2. Slide 2: Contents

   Contents © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. Ⅰ．Overview of financial results for FY2026/03 3Q p.01-p.13 Ⅱ．Shareholder Returns p.14-p.18 1

3. Slide 3: Forecast for the fiscal year ending March 31, 2026

   Ⅰ．Forecast for the fiscal year ending March 31, 2026 © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. ■We will revise full-year forecast upward for both net sales and each profit category, due to high demands for renovation work on air conditioning systems primarily aimed at im

4. Slide 4: Financial highlights

   Ⅰ．Financial highlights © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. Net sales：¥46.6 billion[+5.7％] Operating income ：¥2.9 billion[+9.8%] Profit attributable 最終利益 to owners of parent：¥2.1 billion[+15.0％] * For net sales, operating income, profit attributable to owners of par

5. Slide 5: Results for the 3rd quarter of fiscal year ending March 31, 2026

   Ⅰ．Results for the 3rd quarter of fiscal year ending March 31, 2026 © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. ■Rates of achievement of planned figures in FY2025/03 (billion yen) ■ 1Q ■ 2Q Planned Following the previous fiscal year, both net sales and each profit category

6. Slide 6: Net sales by quarter

   Ⅰ．Results for the 3rd quarter of fiscal year ending March 31, 2026 © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. For FY2026/03 3Q, net sales reached a record high for the fourth consecutive year. Net sales of the mainstay maintenance services reached a record high for the si

7. Slide 7: Gross profit on sales and gross profit margin

   Ⅰ．Results for the 3rd quarter of fiscal year ending March 31, 2026 © 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 mater

8. Slide 8: SG&A expenses for the 3rd quarter

   Ⅰ．SG&A expenses for the 3rd quarter of fiscal year ending March 31, 2026 © 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 expen

9. Slide 9: Operating income for the 3rd quarter

   Ⅰ．Operating income for the 3rd quarter of fiscal year ending March 31, 2026 © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. Although SG&A expenses increased, operating income increased year on year in terms of both amount and margin, driven by steady growth in net sales from m

10. Slide 10: Net sales by facilities of which services are entrusted

    Ⅰ．Results for the 3rd quarter of fiscal year ending March 31, 2026 © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. ■Net sales by facilities of which services are entrusted (billion yen) ■ Hospitals and research facilities ■ Manufacturing plants, etc. ①Hospitals and research fa

11. Slide 11: Annual contract sales, maintenance services and renovation work

    Ⅰ．Results for the 3rd quarter of fiscal year ending March 31, 2026 © 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) ■Mainten

12. Slide 12: Overseas net sales by region and operating income

    Ⅰ．Results for the 3rd quarter of fiscal year ending March 31, 2026 © 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 ： ¥ 1.5 billion ■ Other regions China saw a decline in r

13. Slide 13: Assets

    Ⅰ．Assets © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. ■Assets (billion yen) ■Key variable factors 48.5 49.1 Current assets -3.5 Cash and deposits -1.3 Notes receivable, accounts receivable from -4.4 completed construction contracts and other Inventories +1.7 25.1 Current 28

14. Slide 14: Liabilities and Net assets

    Ⅰ．Liabilities and Net assets © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. ■Key variable factors ■Liabilities and Net assets (billion yen) Current liabilities -3.2 48.5 49.1 Notes payable, accounts payable for -1.8 construction contracts and other 13.4 Accrued expenses -0.7

15. Slide 15: Contents

    Contents © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. Ⅰ．Overview of financial results for FY2026/03 3Q p.01-p.13 Ⅱ．Shareholder Returns p.14-p.18 14

16. Slide 16: Stock-related information

    Ⅱ．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 ¥1,411 3.82 3.88 4.00 Total market 3.00 capitalization ¥50.4 billion 2.00 1.00 *Dividend yield is calculated using the

17. Slide 17: Secondary Offering of Shares

    Ⅱ．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

18. Slide 18: Shareholder Returns

    Ⅱ．Shareholder Returns © 2026 Nippon Air Conditioning Services Co., Ltd. All Rights Reserved. We plan to pay an annual dividend of 52 yen per share, which is 6 yen higher than 46 yen of the previous forecast (interim dividend of 23 yen and year-end dividend of 23 yen) for FY2026/03. The introduction

19. Slide 19: Stable and sustainable returns

    Ⅱ．Shareholder Returns © 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 2024 Five-Year Mid-term Management Plan, the minimum annual dividend per share

20. Slide 20: 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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