Shin Nippon Air Technologies Co (TSE:1952) Operating Income: 円14,112 Mil (TTM As of Jun. 2026)

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TSE:1952 Shin Nippon Air Technologies Co Ltd TSE:1952
80 GF Score
Price 円3,240.00
GF Value 円2,322.24
Valuation Significantly Overvalued
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What is Shin Nippon Air Technologies Co Operating Income?

Shin Nippon Air Technologies Co TSE:1952 -0.92% 80 Operating Income is 円14,112 Mil as of Jun. 2026. GuruFocus rates TSE:1952 with a GF Score™ of 80/100 and a GF Value™ of 円2,322.24 (Significantly Overvalued).

Shin Nippon Air Technologies Co's Operating Income for the three months ended in Jun. 2026 was 円956 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was 円14,112 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Shin Nippon Air Technologies Co's Operating Income for the three months ended in Jun. 2026 was 円956 Mil. Shin Nippon Air Technologies Co's Revenue for the three months ended in Jun. 2026 was 円35,513 Mil. Therefore, Shin Nippon Air Technologies Co's Operating Margin % for the quarter that ended in Jun. 2026 was 2.69%.

Good Sign:

Shin Nippon Air Technologies Co Ltd operating margin is expanding. Margin expansion is usually a good sign.

Shin Nippon Air Technologies Co's 5-Year average Growth Rate for Operating Margin % was 10.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Shin Nippon Air Technologies Co's annualized ROC % for the quarter that ended in Jun. 2026 was 3.60%. Shin Nippon Air Technologies Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 53.89%.


Shin Nippon Air Technologies Co  (TSE:1952) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Shin Nippon Air Technologies Co's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=3824 * ( 1 - 33.8% )/( (65303 + 75360)/ 2 )
=2531.488/70331.5
=3.60 %

where

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Shin Nippon Air Technologies Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=16572/( ( (2615 + max(25430, 0)) + (2970 + max(30491, 0)) )/ 2 )
=16572/( ( 28045 + 33461 )/ 2 )
=16572/30753
=53.89 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(68004 + 2465 + 2008) - (42752 + 2622 + 1673)
=25430

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(57129 + 3017 + 5497) - (23874 + 2816 + 8462)
=30491

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Shin Nippon Air Technologies Co's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=956/35513
=2.69 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Shin Nippon Air Technologies Co Operating Income Related Terms


Shin Nippon Air Technologies Co Operating Income Historical Data

* Premium members only.

The historical data trend for Shin Nippon Air Technologies Co's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Shin Nippon Air Technologies Co Operating Income Chart

Shin Nippon Air Technologies Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6,882.00 7,098.00 9,236.00 11,347.00 15,130.00

Shin Nippon Air Technologies Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,974.00 3,406.00 3,465.00 6,285.00 956.00
TSE:1952
80GF Score
Shin Nippon Air Technologies Co Ltd TSE:1952
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Shin Nippon Air Technologies Co Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円14,112 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of 円14,112 Mil mean?
Shin Nippon Air Technologies Co (TSE:1952) has a Operating Income of 円14,112 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Shin Nippon Air Technologies Co and its competitors.
Is Shin Nippon Air Technologies Co's Operating Income too high?
Shin Nippon Air Technologies Co's current Operating Income is 円14,112 Mil. Overall, Shin Nippon Air Technologies Co has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shin Nippon Air Technologies Co's Operating Income compare to TT and JCI?
Shin Nippon Air Technologies Co's Operating Income of 円14,112 Mil can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Construction company?
A good Operating Income depends on the Construction industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Shin Nippon Air Technologies Co and its competitors. Shin Nippon Air Technologies Co's current Operating Income is 円14,112 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shin Nippon Air Technologies Co stock overvalued right now?
Based on GuruFocus' analysis, Shin Nippon Air Technologies Co (TSE:1952) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,322.24, compared to a current price of 円3,240.00 — trading 39.5% above its estimated fair value. The current Operating Income is 円14,112 Mil. Shin Nippon Air Technologies Co's overall GF Score™ is 80/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Shin Nippon Air Technologies Co (TSE:1952), the current Operating Income is 円14,112 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Shin Nippon Air Technologies Co (TSE:1952) Overvalued in 2026?

Based on GuruFocus' analysis, Shin Nippon Air Technologies Co stock appears to be overvalued. The current stock price of 円3,240.00 is trading 39.5% above its estimated GF Value™ of 円2,322.24. GuruFocus considers Shin Nippon Air Technologies Co to be Significantly Overvalued.

Key valuation signals for TSE:1952:

  • Operating Income: 円14,112 Mil
  • GF Value™: 円2,322.24 vs. price of 円3,240.00 (39.5% above fair value)
  • GF Score™: 80/100

No single metric tells the full story. See the TSE:1952 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shin Nippon Air Technologies Co Business Description

Address 2-31-1 Nihonbashi Hamacho, Hamacho Center Building, Chuo-ku, Tokyo, JPN, 103-0007
Shin Nippon Air Technologies Co Ltd engages in the design, installation, management, and contract work for air conditioning systems, ventilation, environmental protection, temperature and humidity adjustment, dust removal, disinfection, water supply and drainage, sanitation equipment, and electrical equipment.
80GF Score

Get the complete analysis for TSE:1952

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円3,240.00
Price
円2,322.24
GF Value