Reported Earnings • May 15
Full year 2026 earnings released: EPS: JP¥107 (vs JP¥89.96 in FY 2025) Full year 2026 results: EPS: JP¥107 (up from JP¥89.96 in FY 2025). Revenue: JP¥69.2b (up 7.5% from FY 2025). Net income: JP¥3.70b (up 19% from FY 2025). Profit margin: 5.3% (up from 4.8% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 13
Nippon Air conditioning Services Co., Ltd., Annual General Meeting, Jun 25, 2026 Nippon Air conditioning Services Co., Ltd., Annual General Meeting, Jun 25, 2026. Announcement • Apr 15
Nippon Air conditioning Services Co., Ltd. to Report Fiscal Year 2026 Results on May 13, 2026 Nippon Air conditioning Services Co., Ltd. announced that they will report fiscal year 2026 results on May 13, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥29.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.0%). Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥15.65 (vs JP¥19.26 in 3Q 2025) Third quarter 2026 results: EPS: JP¥15.65 (down from JP¥19.26 in 3Q 2025). Revenue: JP¥17.3b (flat on 3Q 2025). Net income: JP¥542.0m (down 19% from 3Q 2025). Profit margin: 3.1% (down from 3.9% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 02
Nippon Air conditioning Services Co., Ltd. to Report Q3, 2026 Results on Jan 30, 2026 Nippon Air conditioning Services Co., Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026 Declared Dividend • Dec 02
First half dividend of JP¥23.00 announced Shareholders will receive a dividend of JP¥23.00. Ex-date: 30th March 2026 Payment date: 26th June 2026 Dividend yield will be 3.8%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 20% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: JP¥30.34 (vs JP¥23.49 in 2Q 2025) Second quarter 2026 results: EPS: JP¥30.34 (up from JP¥23.49 in 2Q 2025). Revenue: JP¥15.5b (up 9.4% from 2Q 2025). Net income: JP¥1.05b (up 30% from 2Q 2025). Profit margin: 6.8% (up from 5.7% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 24% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥23.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.1%). Announcement • Sep 03
Nippon Air conditioning Services Co., Ltd. to Report Q2, 2026 Results on Oct 31, 2025 Nippon Air conditioning Services Co., Ltd. announced that they will report Q2, 2026 results on Oct 31, 2025 Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥15.30 (vs JP¥10.71 in 1Q 2025) First quarter 2026 results: EPS: JP¥15.30 (up from JP¥10.71 in 1Q 2025). Revenue: JP¥13.9b (up 9.0% from 1Q 2025). Net income: JP¥529.0m (up 44% from 1Q 2025). Profit margin: 3.8% (up from 2.9% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 16% per year. Declared Dividend • Jul 09
Final dividend of JP¥23.00 announced Shareholders will receive a dividend of JP¥23.00. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 4.4%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (55% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 29
Full year 2025 earnings released: EPS: JP¥89.96 (vs JP¥79.39 in FY 2024) Full year 2025 results: EPS: JP¥89.96 (up from JP¥79.39 in FY 2024). Revenue: JP¥64.4b (up 11% from FY 2024). Net income: JP¥3.10b (up 14% from FY 2024). Profit margin: 4.8% (up from 4.7% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 13% per year. Announcement • Jun 03
Nippon Air conditioning Services Co., Ltd. to Report Q1, 2026 Results on Jul 31, 2025 Nippon Air conditioning Services Co., Ltd. announced that they will report Q1, 2026 results on Jul 31, 2025 Board Change • May 26
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. 4 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). External Auditor Minoru Terazawa is the most experienced director on the board, commencing their role in 2015. Independent Outside Director Hiromi Kitagawa was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • May 13
Nippon Air conditioning Services Co., Ltd., Annual General Meeting, Jun 25, 2025 Nippon Air conditioning Services Co., Ltd., Annual General Meeting, Jun 25, 2025. Announcement • Mar 01
Nippon Air conditioning Services Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025 Nippon Air conditioning Services Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025 Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥19.26 (vs JP¥26.18 in 3Q 2024) Third quarter 2025 results: EPS: JP¥19.26 (down from JP¥26.18 in 3Q 2024). Revenue: JP¥17.3b (up 11% from 3Q 2024). Net income: JP¥665.0m (down 26% from 3Q 2024). Profit margin: 3.9% (down from 5.8% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year. Announcement • Dec 06
Nippon Air conditioning Services Co., Ltd. to Report Q3, 2025 Results on Jan 31, 2025 Nippon Air conditioning Services Co., Ltd. announced that they will report Q3, 2025 results on Jan 31, 2025 Declared Dividend • Dec 03
First half dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 28th March 2025 Payment date: 24th June 2025 Dividend yield will be 3.9%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 4.5% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥23.49 (vs JP¥20.07 in 2Q 2024) Second quarter 2025 results: EPS: JP¥23.49 (up from JP¥20.07 in 2Q 2024). Revenue: JP¥14.2b (up 8.4% from 2Q 2024). Net income: JP¥810.0m (up 18% from 2Q 2024). Profit margin: 5.7% (up from 5.3% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 8% per year. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 45% but the company is paying out more than the cash it is generating. Trailing yield: 3.7%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.0%). Announcement • Aug 27
Nippon Air conditioning Services Co., Ltd. to Report Q2, 2025 Results on Oct 31, 2024 Nippon Air conditioning Services Co., Ltd. announced that they will report Q2, 2025 results on Oct 31, 2024 Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥10.71 (vs JP¥2.54 in 1Q 2024) First quarter 2025 results: EPS: JP¥10.71 (up from JP¥2.54 in 1Q 2024). Revenue: JP¥12.7b (up 15% from 1Q 2024). Net income: JP¥368.0m (up 323% from 1Q 2024). Profit margin: 2.9% (up from 0.8% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 11
Final dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 4.2%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (38% earnings payout ratio) but not covered by cash flows (183% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 20% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 28
Full year 2024 earnings released: EPS: JP¥79.39 (vs JP¥56.65 in FY 2023) Full year 2024 results: EPS: JP¥79.39 (up from JP¥56.65 in FY 2023). Revenue: JP¥58.2b (up 10% from FY 2023). Net income: JP¥2.73b (up 41% from FY 2023). Profit margin: 4.7% (up from 3.7% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Reported Earnings • May 16
Full year 2024 earnings released: EPS: JP¥79.39 (vs JP¥56.65 in FY 2023) Full year 2024 results: EPS: JP¥79.39 (up from JP¥56.65 in FY 2023). Revenue: JP¥58.2b (up 10% from FY 2023). Net income: JP¥2.73b (up 41% from FY 2023). Profit margin: 4.7% (up from 3.7% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • May 15
Nippon Air conditioning Services Co., Ltd., Annual General Meeting, Jun 21, 2024 Nippon Air conditioning Services Co., Ltd., Annual General Meeting, Jun 21, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.8%). Announcement • Mar 02
Nippon Air conditioning Services Co., Ltd. to Report Fiscal Year 2024 Results on May 13, 2024 Nippon Air conditioning Services Co., Ltd. announced that they will report fiscal year 2024 results on May 13, 2024 Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥26.18 (vs JP¥16.18 in 3Q 2023) Third quarter 2024 results: EPS: JP¥26.18 (up from JP¥16.18 in 3Q 2023). Revenue: JP¥15.5b (up 16% from 3Q 2023). Net income: JP¥899.0m (up 62% from 3Q 2023). Profit margin: 5.8% (up from 4.2% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 27
Nippon Air conditioning Services Co., Ltd. to Report Q3, 2024 Results on Jan 31, 2024 Nippon Air conditioning Services Co., Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥20.07 (vs JP¥12.25 in 2Q 2023) Second quarter 2024 results: EPS: JP¥20.07 (up from JP¥12.25 in 2Q 2023). Revenue: JP¥13.1b (up 14% from 2Q 2023). Net income: JP¥689.0m (up 64% from 2Q 2023). Profit margin: 5.3% (up from 3.7% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 1% per year. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥15.00 per share at 3.8% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 48% but the company is paying out more than the cash it is generating. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.9%). Announcement • Sep 07
Nippon Air conditioning Services Co., Ltd. to Report Q2, 2024 Results on Oct 31, 2023 Nippon Air conditioning Services Co., Ltd. announced that they will report Q2, 2024 results on Oct 31, 2023 Announcement • Aug 02
Nippon Air Conditioning Services Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2024 Nippon Air conditioning Services Co., Ltd. provided consolidated earnings guidance for the year ending March 31, 2024. For the year, the company expects net sales of JPY 56,000 million, operating profit of JPY 3,000 million, profit attributable to owners of parent of JPY 2,000 million and earnings per share of JPY 58.35. Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥2.54 (vs JP¥1.25 in 1Q 2023) First quarter 2024 results: EPS: JP¥2.54 (up from JP¥1.25 in 1Q 2023). Revenue: JP¥11.0b (up 6.0% from 1Q 2023). Net income: JP¥87.0m (up 102% from 1Q 2023). Profit margin: 0.8% (up from 0.4% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 5% per year. Announcement • Jul 04
Nippon Air conditioning Services Co., Ltd. to Report Q1, 2024 Results on Jul 31, 2023 Nippon Air conditioning Services Co., Ltd. announced that they will report Q1, 2024 results on Jul 31, 2023 Reported Earnings • May 16
Full year 2023 earnings released: EPS: JP¥56.65 (vs JP¥81.34 in FY 2022) Full year 2023 results: EPS: JP¥56.65 (down from JP¥81.34 in FY 2022). Revenue: JP¥52.9b (up 6.0% from FY 2022). Net income: JP¥1.94b (down 31% from FY 2022). Profit margin: 3.7% (down from 5.7% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • May 13
Nippon Air conditioning Services Co., Ltd., Annual General Meeting, Jun 22, 2023 Nippon Air conditioning Services Co., Ltd., Annual General Meeting, Jun 22, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥14.00 per share at 3.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.2%). Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥16.18 (vs JP¥14.85 in 3Q 2022) Third quarter 2023 results: EPS: JP¥16.18 (up from JP¥14.85 in 3Q 2022). Revenue: JP¥13.3b (up 6.5% from 3Q 2022). Net income: JP¥554.0m (up 7.6% from 3Q 2022). Profit margin: 4.2% (up from 4.1% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Dec 07
Nippon Air conditioning Services Co., Ltd. to Report Q3, 2023 Results on Jan 31, 2023 Nippon Air conditioning Services Co., Ltd. announced that they will report Q3, 2023 results on Jan 31, 2023 Reported Earnings • Nov 18
Second quarter 2023 earnings released: EPS: JP¥12.25 (vs JP¥44.10 in 2Q 2022) Second quarter 2023 results: EPS: JP¥12.25 (down from JP¥44.10 in 2Q 2022). Revenue: JP¥11.5b (flat on 2Q 2022). Net income: JP¥419.0m (down 73% from 2Q 2022). Profit margin: 3.7% (down from 13% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Outside Director Hiromi Kitagawa was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: JP¥12.25 (vs JP¥44.10 in 2Q 2022) Second quarter 2023 results: EPS: JP¥12.25 (down from JP¥44.10 in 2Q 2022). Revenue: JP¥11.5b (flat on 2Q 2022). Net income: JP¥419.0m (down 73% from 2Q 2022). Profit margin: 3.7% (down from 13% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Buying Opportunity • Nov 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 6.0%. The fair value is estimated to be JP¥910, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 18%. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 35% but the company is paying out more than the cash it is generating. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.3%). Announcement • Aug 31
Nippon Air conditioning Services Co., Ltd. to Report Q2, 2023 Results on Oct 31, 2022 Nippon Air conditioning Services Co., Ltd. announced that they will report Q2, 2023 results on Oct 31, 2022 Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥1.25 (vs JP¥1.90 in 1Q 2022) First quarter 2023 results: EPS: JP¥1.25 (down from JP¥1.90 in 1Q 2022). Revenue: JP¥10.4b (up 2.9% from 1Q 2022). Net income: JP¥43.0m (down 35% from 1Q 2022). Profit margin: 0.4% (down from 0.7% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Jun 03
Nippon Air conditioning Services Co., Ltd. to Report Q1, 2023 Results on Jul 29, 2022 Nippon Air conditioning Services Co., Ltd. announced that they will report Q1, 2023 results on Jul 29, 2022 Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥81.34 (vs JP¥56.73 in FY 2021) Full year 2022 results: EPS: JP¥81.34 (up from JP¥56.73 in FY 2021). Revenue: JP¥49.9b (up 1.5% from FY 2021). Net income: JP¥2.82b (up 41% from FY 2021). Profit margin: 5.7% (up from 4.1% in FY 2021). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • May 14
Nippon Air conditioning Services Co., Ltd., Annual General Meeting, Jun 24, 2022 Nippon Air conditioning Services Co., Ltd., Annual General Meeting, Jun 24, 2022. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. 5 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Representative Director & President Yoji Tanaka is the most experienced director on the board, commencing their role in 2014. Independent Outside Director Toshio Tanaka was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Apr 08
Nippon Air conditioning Services Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Nippon Air conditioning Services Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 21 June 2022. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.1%). Reported Earnings • Feb 02
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥14.85 (down from JP¥18.13 in 3Q 2021). Revenue: JP¥12.5b (flat on 3Q 2021). Net income: JP¥515.0m (down 20% from 3Q 2021). Profit margin: 4.1% (down from 5.1% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 31
Second quarter 2022 earnings released: EPS JP¥44.10 (vs JP¥14.75 in 2Q 2021) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2022 results: Revenue: JP¥11.5b (flat on 2Q 2021). Net income: JP¥1.53b (up 194% from 2Q 2021). Profit margin: 13% (up from 4.5% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥27.50 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.9%). Reported Earnings • Aug 05
First quarter 2022 earnings released: EPS JP¥1.90 (vs JP¥3.07 in 1Q 2021) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥10.1b (down 1.2% from 1Q 2021). Net income: JP¥66.0m (down 39% from 1Q 2021). Profit margin: 0.7% (down from 1.1% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 26
Full year 2021 earnings released: EPS JP¥56.73 (vs JP¥54.00 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥49.2b (down 1.1% from FY 2020). Net income: JP¥2.00b (up 5.2% from FY 2020). Profit margin: 4.1% (up from 3.8% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • May 18
Full year 2021 earnings released: EPS JP¥56.73 (vs JP¥54.00 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥49.2b (down 1.1% from FY 2020). Net income: JP¥2.00b (up 5.2% from FY 2020). Profit margin: 4.1% (up from 3.8% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥12.50 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 22 June 2021. Trailing yield: 3.2%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.8%). Announcement • Mar 04
Nippon Air conditioning Services Co., Ltd. to Report Fiscal Year 2021 Results on May 14, 2021 Nippon Air conditioning Services Co., Ltd. announced that they will report fiscal year 2021 results on May 14, 2021 Reported Earnings • Feb 02
Third quarter 2021 earnings released: EPS JP¥18.13 (vs JP¥9.96 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥12.5b (up 9.7% from 3Q 2020). Net income: JP¥640.0m (up 82% from 3Q 2020). Profit margin: 5.1% (up from 3.1% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has remained flat. Is New 90 Day High Low • Jan 29
New 90-day low: JP¥723 The company is down 1.0% from its price of JP¥728 on 30 October 2020. The Japanese market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 8.0% over the same period. Is New 90 Day High Low • Dec 14
New 90-day high: JP¥787 The company is up 5.0% from its price of JP¥747 on 15 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Commercial Services industry, which is flat over the same period. Announcement • Sep 04
Nippon Air conditioning Services Co., Ltd. to Report Q2, 2021 Results on Oct 30, 2020 Nippon Air conditioning Services Co., Ltd. announced that they will report Q2, 2021 results on Oct 30, 2020 
