Worth reading
63In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
-482
¥ millions (year-on-year change in operating income)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFirst quarter of the fiscal year ending March 202713 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥11,445 million-6.4%
Operating profit¥1,175 million-29.1%
Ordinary income¥1,535 million-19.9%
Net income¥1,072 million -18.3%profit attributable to owners of the parent
Gross Profit Margin38.7 %
Operating profit margin10.3 %
Results for the three months of the current quarterRevenue: ¥11,445 million; operating profit: ¥1,175 million; ordinary profit: ¥1,535 million; quarterly net income attributable to owners of the parent: ¥1,072 million (all for the first quarter only)
Full-year earnings forecast
Net Sales
¥63,000 million
Operating profit
¥10,000 million
Ordinary income
¥10,600 million
Profit attributable to owners of the parent
¥7,200 million
Earnings per share
¥107.23
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Generally in line with plan at the startBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Lower sales¥-295 million
- Increase in Gross Profit Margin¥93 million
- Increase in SG&A expenses¥-280 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The company expects investment in air-conditioning equipment in Japan to remain solid. Its assumptions include higher sales volumes of central air-conditioning equipment, passing through higher prices, and growth in the target markets under the medium-term management plan. Specific assumptions for foreign exchange rates and raw material prices have not been disclosed.New initiatives
- Model change for the company's flagship compact air-conditioning unit
- Launch of sales of air-conditioning units for heat mitigation
- Expansion of sales channels to foreign-affiliated data centers
- Passing higher raw material costs through to selling prices and reviewing the supply chain
Key KPIsA metric the company considers important as a management benchmark.
- Orders received (新晃工業 standalone)112 Hundreds of millions of yenYear on year against the same period last year+30%
- Order backlog (新晃工業 standalone)292 Hundreds of millions of yenYear on year against the same period last year+32%
- Revenue from large-building projects¥1,530 millionYear on year against the same period last year+11.0%
- Revenue from industrial projects¥2,270 millionYear on year against the same period last year+13.4%
- Revenue from data center projects¥823 millionYear on year against the same period last year-35.9%
- Revenue from other building applications¥1,134 millionYear on year against the same period last year-29.3%
Segment results
Japan
Net Sales
¥10,460 million-4.9%
Operating profit
¥1,336 million-21.9%
Asia
Net Sales
¥1,001 million-19.6%
Operating profit
¥-167 million
Medium-term management plan targets
Plan namemove.2027
Net Sales¥60,000 million
Operating profit¥10,000 million
Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
Not disclosed. The impact on earnings from deteriorating availability and rising prices of raw materials is expected to remain limited at this point.Orders received and order backlog
Orders received112 Hundreds of millions of yen
Order backlog292 Hundreds of millions of yen
Capital expenditures
¥4,000 million investment amount
Annual Dividend
Annual dividend per share¥50
Interim¥20
End of period¥30
Payout ratio
46.6 %
Total payout ratio56.4
Acquisition of treasury shares
Medium-term management plan cap¥10,000 million
Amount acquired¥9,300 million
Acquired as ofEnd of March 2026
Remaining planned amount¥700 million
Acquisition periodScheduled to be acquired during the fiscal year ending March 2027
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥11,445 million (YoY -6.4%) |
| Operating profit | ¥1,175 million (YoY -29.1%) |
| Ordinary income | ¥1,535 million (YoY -19.9%) |
| Net income | ¥1,072 million (profit attributable to owners of the parent) (YoY -18.3%) |
| Gross Profit Margin | 38.7 % |
| Operating profit margin | 10.3 % |
| Results for the three months of the current quarter | Revenue: ¥11,445 million; operating profit: ¥1,175 million; ordinary profit: ¥1,535 million; quarterly net income attributable to owners of the parent: ¥1,072 million (all for the first quarter only) |
| Full-year earnings forecast | Net Sales ¥63,000 million / Operating profit ¥10,000 million / Ordinary income ¥10,600 million / Profit attributable to owners of the parent ¥7,200 million / Earnings per share ¥107.23 |
| Self-assessment against the plan | Generally in line with plan at the start |
| Segment results | Japan Net Sales ¥10,460 million (YoY -4.9%) / Operating profit ¥1,336 million (YoY -21.9%) / Asia Net Sales ¥1,001 million (YoY -19.6%) / Operating profit ¥-167 million |
| Breakdown of Factors Affecting the Change | Factors Lower sales / Amount ¥-295 million, Factors Increase in Gross Profit Margin / Amount ¥93 million, Factors Increase in SG&A expenses / Amount ¥-280 million |
| Key KPIs | Indicator name Orders received (新晃工業 standalone) / Value 112 Hundreds of millions of yen / Year on year against the same period last year +30%, Indicator name Order backlog (新晃工業 standalone) / Value 292 Hundreds of millions of yen / Year on year against the same period last year +32%, Indicator name Revenue from large-building projects / Value ¥1,530 million / Year on year against the same period last year ¥11 million, Indicator name Revenue from industrial projects / Value ¥2,270 million / Year on year against the same period last year ¥13.4 million, Indicator name Revenue from data center projects / Value ¥823 million / Year on year against the same period last year ¥-35.9 million, Indicator name Revenue from other building applications / Value ¥1,134 million / Year on year against the same period last year ¥-29.3 million |
| Assumptions Underlying the Business Outlook | The company expects investment in air-conditioning equipment in Japan to remain solid. Its assumptions include higher sales volumes of central air-conditioning equipment, passing through higher prices, and growth in the target markets under the medium-term management plan. Specific assumptions for foreign exchange rates and raw material prices have not been disclosed. |
| Risk amount incorporated into the outlook | Not disclosed. The impact on earnings from deteriorating availability and rising prices of raw materials is expected to remain limited at this point. |
| Medium-term management plan targets | Plan name move.2027 / Final target year Not disclosed / Net Sales ¥60,000 million / Operating profit ¥10,000 million |
| Annual Dividend | Annual dividend per share ¥50 / Interim ¥20 / End of period ¥30 |
| Payout ratio | 46.6 % |
| Acquisition of treasury shares | Medium-term management plan cap ¥10,000 million / Amount acquired ¥9,300 million / Acquired as of End of March 2026 / Remaining planned amount ¥700 million / Acquisition period Scheduled to be acquired during the fiscal year ending March 2027 |
| Capital expenditures | ¥4,000 million (investment amount) |
| Orders received and order backlog | Orders received 112 Hundreds of millions of yen / Order backlog 292 Hundreds of millions of yen |
| New initiatives | Model change for the company's flagship compact air-conditioning unit, Launch of sales of air-conditioning units for heat mitigation, Expansion of sales channels to foreign-affiliated data centers, Passing higher raw material costs through to selling prices and reviewing the supply chain |
Items this document does not state (8)
Selling, general and administrative expensesProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesFinancial targetsMarket Size / ShareKey points of the Q&A
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.In Japan, shipments of equipment in the central air-conditioning market remained sluggish, delaying the ramp-up of equipment sales at the start of the fiscal year. In Asia, the slowdown in China's real estate market and the decline in air-conditioning equipment sales volumes continued. In addition, selling, general and administrative expenses, including personnel and logistics costs, increased.
How to read this page
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