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← CockpitCompetitor Analysis › 4658.T Nippon Air Conditioning Services Co., Ltd.Open in the cockpit ↗

Nippon Air Conditioning Services Co., Ltd.4658.TCompetitor analysis, valuation and peers

Japan · JPY·Industrials›Miscellaneous Commercial Services
Momentum weak 25
Mkt cap
$301M
US dollars, full cap
Free float
82%
of shares outstanding
$/day
$1.26M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
+5.1 pp
WACC 7.3%
Hurdle
-9 pp
Req g minus delivered
Next earnings
84 days
29 Jan 2027
Close · JPY¥1,367
1D-2.7%
1W-10.3%
1M-15.2%
3M-7.9%
6M-12.2%
YTD+6.0%
1Y+10.9%
ATR %2.9%
52w lowhigh21.2% off high

What Nippon Air Conditioning Services does

Employees: 2,268

Nippon Air Conditioning Services at a glance

Size Nippon Air Conditioning Services (4658.T) is a Japan Industrials company (Miscellaneous Commercial Services) with a market value of $301M, the 1359th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,367 on 6 Nov 2026.

Performance Over six months the shares fell 12.2%, against -10.6% for the median peer and +1.8% for the Japan market (cap-weighted) — 11th highest of 21 in its peer set.

Growth Revenue grew 7.2% over the last twelve months (peer median +4.1%); the operating margin is 7.3% (peer median 5.2%).

Valuation It trades at 0.6× enterprise value to sales against a peer median of 2.0× (3rd cheapest of 21).

Price implies For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -9 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 5.1 points above its cost of capital (7.3% WACC).

Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).

Relative performance

9010011 May 202611 Aug 20266 Nov 2026Peer median 894658.T 86
Six months, rebased to 100: Nippon Air Conditioning Services against the median of its 20 peers (local-currency closes).

Nippon Air Conditioning Services financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥71.7B¥69.2B¥64.4B¥58.2B¥52.9B
Revenue growth—+7%+11%+10%—
Gross profit¥16.2B¥14.9B¥13.0B¥11.0B¥9.33B
EBITDAn/a¥5.39B¥4.67B¥4.02B¥3.23B
Net income¥4.03B¥3.69B¥3.10B¥2.73B¥1.94B
Free cash flown/a¥1.32B¥1.64B¥762M¥368M
Capital expendituren/a¥1.50B¥3.34B¥1.67B¥586M
Total debt¥3.76B¥3.23B¥3.65B¥1.73B¥1.03B

Quarterly statements and history in the cockpit →

Nippon Air Conditioning Services competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%-25%0%+25%+50%-20%0%+20%0331SAG60883013202179300536002431JAYKAY605069KNOW0028613016339658HCKTKEYSELIX328907524658.T6-month return →1-month return →
Up and to the right = strong over both horizons. Nippon Air Conditioning Services is the large dot.

Fundamentals: revenue growth against valuation

-50%0%+50%+100%0×5×10×0331SAG60884051REJL-B2179300536002431JAYKAY605069KNOW002861301633ELIX07524658.TRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Nippon Air Conditioning Services is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%-20%0%20%40%SAG60884051REJL-B002431KNOW9658KEYSELIX32894658.TGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Nippon Air Conditioning Services is the large dot.

Nippon Air Conditioning Services competitors and peer comparison

How Nippon Air Conditioning Services compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Nippon Air Conditioning Services against its 20 peers (data as of 6 Nov 2026)
Measure4658.TPeer medianRank in peer set
1-month return-15.2%-2.3%6th lowest of 21
6-month return-12.2%-10.6%11th highest of 21
Distance from 52-week high-21.2%-35.1%7th highest of 21
Revenue growth (TTM)+7.2%+4.1%8th highest of 21
Operating margin7.3%5.2%7th highest of 21
EV / Sales0.6×2.0×3rd cheapest of 21
Growth the price implies (Req g, 7 yrs)-1.6%4.4%4th least demanding of 12
Growth delivered (Del g)+7.1%+11.2%3rd lowest of 12
Hurdle (Req g minus delivered)-8.7 pp-8.8 pp6th most demanding of 12
ROIC minus cost of capital+5.1 pp-1.3 pp8th highest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Nippon Air Conditioning Services 4658.TJapan$301M-12%+7%7%0.6×-1.6%+7.1%
FSE Lifestyle Services 0331.HKHong Kong$305M-4%-3%6%0.3×n/an/a
Science SAG.LUnited Kingdom$308M-4%-11%17%1.7×-5.8%+8.7%
SIGMAXYZ 6088.TJapan$310M-6%-13%24%2.0×-9.5%+11.2%
GMO Financial Gate 4051.TJapan$310M+3%+14%12%2.3×17.0%+37.2%
Rejlers REJL-B.STSweden$314M-7%+6%6%0.9×-3.1%+14.9%
Qingdao Richmat Intelligence Technology 301320.SZChina$315M-34%+20%-3%1.9×n/an/a
Jiangsu Recbio Technology 2179.HKHong Kong$317M-43%-82%-25,868%1,485.2×n/an/a
Wuhan Nusun Landscape 300536.SZChina$319M-29%+154%-57%4.8×n/an/a
Palm Eco-Town Development 002431.SZChina$319M-43%-52%-50%5.6×14.2%-16.0%
Jaykay Enterprises JAYKAY.NSIndia$321M+28%+118%4%11.7×n/an/a
Beijing ZEHO Waterfront Ecological Environment Treatment 605069.SSChina$324M-28%+3%-62%10.1×n/an/a
Knowit KNOW.STSweden$327M+48%-6%2%0.7×6.3%+12.1%
YingTong Telecommunication 002861.SZChina$329M-27%+15%-8%2.3×n/an/a
Wuhan Guide Technology 301633.SZChina$331M-19%-32%-11%5.3×n/an/a
Business Brain Showaota 9658.TJapan$332M+63%+6%7%1.1×-1.2%+7.6%
Hackett HCKTUnited States$334M+25%-8%13%1.4×-1.2%+5.0%
Keystone Law KEYS.LUnited Kingdom$335M+38%+21%9%1.9×7.3%+15.9%
Elixirr International ELIX.LUnited Kingdom$340M-29%+29%21%1.9×4.4%+37.6%
Integrated Service Technology 3289.TWOTaiwan$267M-45%+5%2%2.2×32.8%+9.7%
Pico Far East 0752.HKHong Kong$342M-14%+3%6%0.1×n/an/a

Questions

Which companies are Nippon Air Conditioning Services's closest peers?
The cockpit's peer set: FSE Lifestyle Services (0331.HK), Science (SAG.L), SIGMAXYZ (6088.T), GMO Financial Gate (4051.T), Rejlers (REJL-B.ST), Qingdao Richmat Intelligence Technology (301320.SZ), Jiangsu Recbio Technology (2179.HK), Wuhan Nusun Landscape (300536.SZ).
Is Nippon Air Conditioning Services expensive compared with its peers?
On ev / sales it trades at 0.6× against a peer median of 2.0×, 3rd cheapest of 21 in its peer set. For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -9 pp: the price already allows for a slowdown.
How has Nippon Air Conditioning Services stock performed?
Over six months to 6 Nov 2026 the shares returned -12.2% against -10.6% for the median peer; over one year +10.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.