4658
Nippon Air Conditioning Services Co., Ltd.
日本空調サービス株式会社
Services
Nippon Air conditioning Services Co., Ltd. provides construction support services in Japan and internationally. The company offers maintenance services, including inspection, servicing, repair, and replacement for building infrastructure systems; facilities management, reform, and construction services; diagnosis and evaluation of equipment, and solution proposals; radiation dose measurement; measurement of radioactive material concentration in wastewater; and technical training services. Nippon Air conditioning Services Co., Ltd. was incorporated in 1964 and is headquartered in Nagoya, Japan.
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Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥69.2B
¥64.4B
¥58.2B
¥52.9B
¥49.9B
Cost of Sales
¥54.3B
¥51.5B
¥47.3B
¥43.6B
¥41.1B
Gross Profit
¥14.9B
¥13.0B
¥11.0B
¥9.3B
¥8.8B
SG&A
¥10.2B
¥8.8B
¥7.3B
¥6.5B
¥6.2B
Operating Income
¥4.8B
¥4.2B
¥3.6B
¥2.8B
¥2.6B
Non-Operating Income
¥391M
¥218M
¥251M
¥216M
¥196M
Dividend Income
—
¥159M
¥118M
¥101M
¥85M
Interest Income
—
¥16M
¥14M
¥11M
¥8M
Non-Operating Expenses
—
¥36M
¥19M
¥12M
¥11M
Interest Expense
—
¥25M
¥8M
¥8M
¥8M
Ordinary Income
¥5.1B
¥4.4B
¥3.9B
¥3.1B
¥2.8B
Pre-tax Income
¥5.1B
¥4.4B
¥3.9B
¥3.0B
¥4.2B
Income Taxes
¥1.4B
¥1.2B
¥1.1B
¥1.0B
¥1.3B
Current Tax
—
¥1.5B
¥1.3B
¥1.0B
¥1.4B
Deferred Tax
—
¥-295M
¥-156M
¥-9M
¥-70M
Net Income (owners)
¥3.7B
¥3.1B
¥2.7B
¥1.9B
¥2.8B
Minority Interest
—
¥8M
¥7M
¥10M
¥11M
Comprehensive Income
—
¥3.4B
¥3.5B
¥2.3B
¥2.1B
EBITDA
¥5.4B
¥4.7B
¥4.0B
¥3.2B
¥3.1B
EPS
¥106.79
¥89.98
¥79.40
¥56.67
¥81.35
Shares Outstanding
—
34.6M
34.4M
34.3M
34.4M
Shares Issued (total)
—
35.8M
35.8M
35.8M
35.8M
Treasury Shares
—
1.2M
1.4M
1.5M
1.4M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥53.1B
¥48.6B
¥42.9B
¥37.6B
¥35.1B
Current Assets
¥28.8B
¥28.7B
¥26.4B
¥23.4B
¥21.7B
Cash & Deposits
¥8.2B
¥9.0B
¥7.0B
¥6.6B
¥7.3B
Trade Receivables
—
¥8.6B
¥7.6B
¥7.3B
¥6.8B
Non-Current Assets
¥24.3B
¥19.9B
¥16.6B
¥14.1B
¥13.5B
PP&E
¥13.4B
¥12.9B
¥9.8B
¥8.4B
¥8.2B
Intangible Assets
—
¥73M
¥62M
¥74M
¥76M
Investment Securities
¥10.0B
¥6.1B
¥5.9B
¥4.9B
¥4.4B
Deferred Tax Assets
—
¥454M
¥474M
¥496M
¥529M
Total Liabilities
¥22.2B
¥22.4B
¥18.7B
¥15.9B
¥14.7B
Current Liabilities
¥15.9B
¥16.7B
¥14.5B
¥12.2B
¥10.9B
ST Debt
¥1.2B
¥1.2B
¥1.1B
¥797M
¥496M
Taxes Payable
—
¥999M
¥815M
¥378M
¥938M
Non-Current Liabilities
¥6.3B
¥5.7B
¥4.2B
¥3.6B
¥3.7B
Total LT Borrowings
¥2.0B
¥2.4B
¥578M
¥200M
¥357M
Pension Obligations
—
¥3.0B
¥3.2B
¥3.1B
¥3.1B
Deferred Tax Liab.
—
¥96M
¥264M
¥115M
¥2M
Total Equity
¥30.9B
¥26.1B
¥24.2B
¥21.7B
¥20.5B
Capital Stock
—
¥1.1B
¥1.1B
¥1.1B
¥1.1B
Capital Surplus
—
¥1.2B
¥1.2B
¥1.2B
¥1.2B
Retained Earnings
¥22.8B
¥20.8B
¥19.2B
¥17.5B
¥16.5B
Treasury Stock
—
¥-742M
¥-875M
¥-931M
¥-807M
AOCI
—
¥3.5B
¥3.2B
¥2.5B
¥2.1B
Equity (owners)
¥24.4B
¥22.3B
¥20.6B
¥18.8B
¥18.0B
Minority Interests
—
¥198M
¥177M
¥162M
¥145M
Total Interest-Bearing Debt ⓘ
¥3.2B
¥3.6B
¥1.7B
¥997M
¥853M
Net Cash ⓘ
¥5.0B
¥5.4B
¥5.3B
¥5.6B
¥6.4B
NCAV ⓘ
¥6.6B
¥6.2B
¥7.7B
¥7.6B
¥7.0B
NCAV/Share
—
¥180
¥223
¥221
¥203
BV/Share
—
¥646
¥600
¥549
¥523
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥2.8B
¥5.0B
¥2.4B
¥921M
¥1.8B
Interest Paid
—
¥-27M
¥-8M
¥-9M
¥-8M
Interest Received
—
¥175M
¥132M
¥113M
¥81M
D&A
¥635M
¥475M
¥397M
¥380M
¥452M
Investing CF
¥-1.5B
¥-3.5B
¥-1.8B
¥-697M
¥971M
CapEx
¥1.4B
¥3.3B
¥1.7B
¥553M
¥292M
Purchase Investments
—
¥-26M
¥-51M
¥-47M
¥-37M
Proceeds from Invest.
—
¥8M
—
—
¥1.4B
Financing CF
¥-2.1B
¥378M
¥-287M
¥-1.0B
¥-2.4B
Dividends Paid
—
¥-1.5B
¥-989M
¥-958M
¥-1.5B
Share Buybacks
—
—
¥0M
¥-192M
¥-500M
LT Debt Repaid
—
¥-581M
¥-219M
¥-176M
¥-185M
Free Cash Flow
¥1.3B
¥1.6B
¥762M
¥368M
¥1.5B
Net Change in Cash
—
¥1.9B
¥357M
¥-764M
¥422M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
13.0%
12.5%
12.1%
9.4%
14.1%
ROA
7.3%
6.8%
6.8%
5.3%
8.0%
EPS
¥106.79
¥89.98
¥79.40
¥56.67
¥81.35
DPS
¥23.00
¥45.00
¥39.00
¥28.00
¥41.50
BPS
¥883.78
¥746.33
¥693.46
¥622.02
¥584.08
FCF/Share
—
¥48
¥22
¥11
¥43
NCAV/Share
—
¥180
¥223
¥221
¥203
Payout Ratio
21.5%
50.0%
49.1%
49.4%
51.0%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 8
Date Activist Stake Event Flag Demands Source
2026-03-23
Sumitomo Mitsui DS Asset Management Company, Limited
4.18%
-3.35%
change
Passive
—
2026-01-05
Mitsubishi UFJ Financial Group Inc.
3.76%
-3.93%
change
Passive
—
2025-10-22
SMBC Nikko Securities Inc.
5.19%
+1.89%
change
Passive
—
2025-09-05
Sumitomo Mitsui DS Asset Management Company, Limited
7.53%
initial_5pct
Passive
—
2025-06-30
Mitsubishi UFJ Financial Group Inc.
7.69%
-1.93%
change
Passive
—
2024-10-22
SMBC Nikko Securities Inc.
3.3%
-2.93%
change
Passive
—
2024-09-06
SMBC Nikko Securities Inc.
6.23%
initial_5pct
Passive
—
2024-07-29
Mitsubishi UFJ Financial Group Inc.
9.62%
change
Passive
—
Capital Allocation Signals 1
Date
Type
Amount
Summary
2026-05-13
16:20
Div Increase
¥1.1B ¥31.0/sh
+24%
Nippon Air-Con Services announced a dividend increase to ¥31.00 per share (record date: March 31, 2026) from ¥25.00 in t…
Summary
Nippon Air-Con Services announced a dividend increase to ¥31.00 per share (record date: March 31, 2026) from ¥25.00 in the prior year, representing a 24% year-over-year increase. Total dividend payout of ¥1.074 billion reflects the company's commitment to shareholder returns while maintaining a 50% consolidated payout ratio and strengthening operational foundations. The dividend exceeds the prior forecast of ¥29.00 per share by ¥2.00.
Deadline: 2026-06-26
YoY: +24%
Source (JP)
2026年3月31日を基準日とする1株当たり配当金につきましては、連結配当性向を50%とする配当方針及び2026年3月期の業績等を総合的に勘案した結果、直近の配当予想の1株当たり29円00銭に対し、2円00銭増配の31円00銭といたします。
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 10
#
Shareholder
Shares (thou.)
% of Total
1
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
3,703
10.71%
2
Employee Stock Ownership Plan
日本空調サービス従業員持株会
2,535
7.33%
3
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
1,758
5.09%
4
MUFG Bank
株式会社三菱UFJ銀行
1,640
4.74%
5
株式会社あいち銀行
1,336
3.86%
6
Tokio Marine & Nichido Fire Insurance Co., Ltd.
東京海上日動火災保険株式会社
1,128
3.26%
7
重田 康光
1,003
2.90%
8
岐阜信用金庫
800
2.31%
9
KIA FUND 136
KIA FUND 136 (常任代理人 シティバンク、エヌ・エイ東京支店)
656
1.90%
10
岡地 修
578
1.67%
Domestic Nominees
15.8%
+0.8% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
28.0%
-0.1% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
Japan Master Trust Bank
日本マスタートラスト信託銀行
8.92%
9.17%
10.71%
+1.54%
Employee Stock Ownership Plan
日本空調サービス従業員持株会
7.61%
7.12%
7.33%
+0.21%
Japan Custody Bank
日本カストディ銀行
5.89%
5.88%
5.09%
-0.79%
MUFG Bank
式会社三菱UFJ銀行
4.78%
4.77%
4.74%
-0.03%
式会社あいち銀行
NEW ENTRY
—
—
—
3.86%
NEW
Tokio Marine & Nichido Fire Insurance Co., Ltd.
東京海上日動火災保険
3.29%
3.28%
3.26%
-0.02%
重田 康光
2.93%
2.92%
2.90%
-0.02%
岐阜信用金庫
2.33%
2.33%
2.31%
-0.02%
KIA FUND 136
2.03%
2.11%
1.90%
-0.21%
岡地 修
1.69%
1.68%
1.67%
-0.01%
式会社愛知銀行
last seen 2024
Exited Top 10
3.90%
3.89%
—
Concentration (HHI)
ⓘ
242
239
262
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥5,720M
+22% since 2023
Holdings
10
+2 new
2 exited
Trend
6 building
vs 2023
Held Company
FY2025
¥5,720M total
FY2023
¥4,705M total
Book Val ¥M
Shares
Book Val ¥M
Shares
DAI-DAN CO.,LTD.
ダイダン株式会社
2,043
+101.0%
↑
550,865
649
274,087
DAIKIN INDUSTRIES, LTD.
ダイキン工業株式会社
2,036
+0.4%
↑
126,196
2,973
125,700
M
Sumitomo Corporation
住友商事株式会社
819
+4.2%
↑
243,158
546
233,306
株式会社三菱UFJ フィナンシャル・グループ
252
125,500
106
125,500
YUASA TRADING CO.,LTD.
ユアサ商事株式会社
196
+4.9%
↑
43,356
156
41,312
M
Taikisha Ltd.
株式会社大気社
181
+3.6%
↑
39,785
141
38,384
株式会社あいち フィナンシャルグループ
78
NEW
New
27,639
—
ASAHI KOGYOSHA CO.,LTD.
株式会社朝日工業社
56
NEW
New
29,066
—
HISAMITSU PHARMACEUTICAL CO.,INC.
久光製薬株式会社
45
+9.3%
↑
11,190
38
10,238
株式会社三十三 フィナンシャルグループ
14
6,225
9
6,225
株式会社あいち フィナンシャルグループ (注2)
—
−100%
Exit
—
59
27,658
M
ASAHI KOGYOSHA CO.,LTD.
株式会社朝日工業社 (注3)
—
−100%
Exit
—
28
13,223
Portfolio total
5,720
4,705
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding