Shin Nippon Air TechnologiesShin Nippon Air Technologies Co., Ltd.1952東証プライム建設業FY ending Mar 2026, consolidated, J-GAAP

Shin Nippon Air Technologies revenue and profit

Out of every ¥100 of sales, about ¥10 is left as operating profit. Revenue changed +12.5% from the prior year, operating profit +33.3%.

Five-year trend

Revenue¥154.9B
FY ending Mar 2022: ¥106.7B¥106.7BFY ending Mar 2023: ¥112.2B¥112.2BFY ending Mar 2024: ¥128B¥128BFY ending Mar 2025: ¥137.7B¥137.7BFY ending Mar 2026: ¥154.9B¥154.9BFY22FY23FY24FY25FY26
Operating income¥15.1B
FY ending Mar 2022: ¥6.88B¥6.88BFY ending Mar 2023: ¥7.12B¥7.12BFY ending Mar 2024: ¥9.23B¥9.23BFY ending Mar 2025: ¥11.3B¥11.3BFY ending Mar 2026: ¥15.1B¥15.1BFY22FY23FY24FY25FY26
Operating margin9.8%
FY ending Mar 2022: 6.4%6.4%FY ending Mar 2023: 6.3%6.3%FY ending Mar 2024: 7.2%7.2%FY ending Mar 2025: 8.2%8.2%FY ending Mar 2026: 9.8%9.8%FY22FY23FY24FY25FY26

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin7.8%
Asset turnover1.22×
ROA9.6%
ROA9.6%
Financial leverage2.02×
ROE19.4%

Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.

Net margin7.8%
2022: 5.1%5.1%2023: 5.0%5.0%2024: 5.6%5.6%2025: 7.0%7.0%2026: 7.8%7.8%2223242526
Asset turnover1.22×
2022: 1.07×1.07×2023: 1.07×1.07×2024: 1.13×1.13×2025: 1.17×1.17×2026: 1.22×1.22×2223242526
ROA9.6%
2022: 5.4%5.4%2023: 5.4%5.4%2024: 6.3%6.3%2025: 8.2%8.2%2026: 9.6%9.6%2223242526
Financial leverage2.02×
2022: 2.23×2.23×2023: 2.23×2.23×2024: 2.24×2.24×2025: 2.12×2.12×2026: 2.02×2.02×2223242526
ROE19.4%
2022: 12.1%12.1%2023: 12.0%12.0%2024: 14.2%14.2%2025: 17.4%17.4%2026: 19.4%19.4%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20225.1%1.07×5.4%2.23×12.1%
20235.0%1.07×5.4%2.23×12.0%
20245.6%1.13×6.3%2.24×14.2%
20257.0%1.17×8.2%2.12×17.4%
20267.8%1.22×9.6%2.02×19.4%

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue1.7%
2021: 2.6%2.6%2022: 2.5%2.5%2023: 2.3%2.3%2024: 1.8%1.8%2025: 1.6%1.6%2026: 1.7%1.7%212223242526
PPE ÷ total assets1.9%
2021: 2.9%2.9%2022: 2.7%2.7%2023: 2.4%2.4%2024: 1.9%1.9%2025: 1.9%1.9%2026: 1.9%1.9%212223242526

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

R&D spending¥468M
2021: ¥477M¥477M2022: ¥470M¥470M2023: ¥469M¥469M2024: ¥479M¥479M2025: ¥579M¥579M2026: ¥468M¥468M212223242526
R&D / revenue0.3%
2021: 0.4%0.4%2022: 0.4%0.4%2023: 0.4%0.4%2024: 0.4%0.4%2025: 0.4%0.4%2026: 0.3%0.3%212223242526

R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.

Income statement (JPY millions)

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue106,718112,234127,978137,684154,884
Cost of revenue92,17296,558109,278115,681127,693
Gross profit14,54615,67618,69922,00227,190
SG&A7,6648,5519,46410,65612,061
Operating income6,8817,1249,23511,34615,128
Pretax income7,8987,89210,20713,92216,878
Income tax2,4942,2943,0384,2654,723
Net income attributable to owners5,4035,5977,1689,65612,154
Operating margin6.4%6.3%7.2%8.2%9.8%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

Cash 20%
2%
1%
Investment securities 22%
Other assets 55%

Funding

Other liabilities 39%
Equity 61%
0%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥15.4B¥24.9B¥13.5B¥20.1B¥26.9B
Total assets¥100B¥109.1B¥117.4B¥118.2B¥135.4B
Net assets¥53.8B¥58.2B¥65.6B¥69.3B¥82.7B
Share capital¥5.16B¥5.16B¥5.16B¥5.16B¥5.16B
Property, plant and equipment¥2.7B¥2.63B¥2.25B¥2.26B¥2.62B
Intangible assets excluding goodwill¥703M¥1.06B¥1.8B¥1.75B¥1.58B
Investment securities¥21.3B¥22B¥27.2B¥22.4B¥29.6B
Current assets¥73.3B¥81.5B¥84.3B¥89.8B¥99.8B
Current liabilities¥43.9B¥48.6B¥48.2B¥46.9B¥49.5B
Short-term borrowings¥3.94B¥3.27B¥9.65B¥3.65B¥2.25B
Long-term borrowings—¥249M¥83M—¥274M
Total liabilities¥46.2B¥50.9B¥51.8B¥48.9B¥52.7B
Equity attributable to owners of parent¥44.8B¥48.8B¥52.5B¥58.5B¥66.8B
Retained earnings¥34.3B¥38.1B¥43.2B¥49.9B¥58B
Treasury stock-¥1.53B-¥1.46B-¥2.86B-¥3.71B-¥3.56B

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    有価証券報告書-第57期(2025/04/01-2026/03/31)

    ID S100YDMT2026-06-18Open
  • EDINET (FSA Japan)

    有価証券報告書-第56期(2024/04/01-2025/03/31)

    ID S100W6DZ2025-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第55期(2023/04/01-2024/03/31)

    ID S100TPS32024-06-21Open
  • EDINET (FSA Japan)

    有価証券報告書-第54期(2022/04/01-2023/03/31)

    ID S100R1QZ2023-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第53期(令和3年4月1日-令和4年3月31日)

    ID S100ODLE2022-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第52期(令和2年4月1日-令和3年3月31日)

    ID S100LO7B2021-06-28Open

Extracted from XBRL: 51 / Derived from other figures: 1

Spotted an error? Report it (corrections keep the original record)

Analyze this page with AI

Markdown with figures, units, periods and sources, ready to paste into ChatGPT or Claude.