Shin Nippon Air Technologies reports record first-half performance, strong order growth

Shin Nippon Air Technologies (TSE:1952) announced record-breaking interim consolidated results for the second quarter of the fiscal year ending March 2026. Revenue surged by 18.4% to JPY 64.86 billion, with operating profit skyrocketing by 116.1% to JPY 5.38 billion and ordinary profit increasing by 103.5% to JPY 5.83 billion. Net profit attributable to shareholders more than doubled, rising 112.3% to JPY 3.98 billion, with earnings per share at JPY 87.84. This remarkable performance is attributed to the steady progress of carry-over projects and enhanced productivity efforts.

The company also saw a significant increase in orders and carry-over projects. Orders received jumped 33.3% to JPY 105.63 billion, while carry-over projects rose 24.2% to JPY 166.64 billion, establishing a robust foundation for future performance. The dividend forecast for FY2026 remains unchanged, with an interim dividend of JPY 40 and an annual dividend of JPY 80, in line with the company's progressive dividend policy.

Looking ahead, the company maintains its full-year forecast for FY2026, anticipating JPY 155.00 billion in revenue, JPY 12.00 billion in operating profit, JPY 12.50 billion in ordinary profit, and JPY 8.80 billion in net profit. Strategic initiatives under "SNK Vision 2030 Phase II" include strengthening the supply chain, developing new technologies like the "VoOE LS" robot, expanding into the space sector, and establishing new technology development hubs.