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Nippon Air Conditioning, First Half Ordinary Profit Increases by 30%, Jul-Sep Ordinary Profit Increases by 26%

Fri Oct 31, 2025 4:00 pm JST Earnings

4658 Nippon Air Conditioning Services Co., Ltd. 【J-GAAP】

Earnings Report

Nippon Air Conditioning Services Co., Ltd. <4658> [TSE Prime] announced its financial results after the market closed on October 31st (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 2.45 billion yen, an increase 30.4% compared to the same period last year. Progress toward the full-year plan of 4.40 billion yen was 55.8%, also surpassing the five-year average of 34.7%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 21.9% from the same period last year to 1.94 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 25.5% from the same period last year, reaching 1.50 billion yen. The operating profit margin improved from 8.7% in the same period last year to 9.5%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 24,130 1,123 1,278 776 22.7 33.1 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 26,930 1,791 1,883 1,178 34.2 43.1 Oct 31, 2024 J-GAAP
Apr - Sep, 2025 29,404 2,310 2,456 1,579 45.7 55.8 Oct 31, 2025 J-GAAP
YoY +9.2% +29.0% +30.4% +34.0% +33.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 23 May 13, 2025 J-GAAP
Apr - Sep, 2025 Results 29,404 2,310 2,456 1,579 45.7 23 Oct 31, 2025 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 37,508 2,400 2,490 1,924 55.8 25 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 36,596 1,890 1,944 1,571 45.4 23 Oct 31, 2025 J-GAAP
YoY -2.4% -21.3% -21.9% -18.3% -18.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 58,232 3,630 3,863 2,725 79.4 39 May 13, 2024 J-GAAP
Mar, 2025 64,438 4,191 4,373 3,102 90.0 45 May 13, 2025 J-GAAP
Mar, 2026 Guidance 66,000 4,200 4,400 3,150 91.0 46 May 13, 2025 J-GAAP
YoY +2.4% +0.2% +0.6% +1.5% +1.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 14,182 1,228 1,198 810 23.5 8.7 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 17,257 867 994 665 19.3 5.0 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 20,251 1,533 1,496 1,259 36.5 7.6 May 13, 2025 J-GAAP
Apr - Jun, 2025 13,893 837 952 529 15.3 6.0 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 15,511 1,473 1,504 1,050 30.4 9.5 Oct 31, 2025 J-GAAP
YoY +9.4% +20.0% +25.5% +29.6% +29.0%

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