Shinko Air Conditioning (6458) Earnings: Operating Income Decreases 29.1% YoY to 1.175 Billion Yen

Shinko Air Conditioning (6458) has released its financial results, reporting net sales of 11.445 billion yen, a decrease of 6.4% compared to the same period of the previous year. Operating income came in at 1.175 billion yen, down 29.1% year-on-year, while ordinary income decreased by 19.9% to 1.535 billion yen. Net income attributable to owners of the parent fell 18.3% to 1.072 billion yen. Meanwhile, comprehensive income saw a significant expansion, rising 77.0% year-on-year to 4.18 billion yen.

From a financial and valuation perspective, the company maintains a robust foundation with an equity ratio of 68.9%. Retained earnings stand at a solid 50.94 billion yen against interest-bearing debt of 2.71 billion yen, reflecting a conservative and stable financial structure. The return on equity (ROE) is recorded at 2.03%, return on assets (ROA) at 1.13%, and earnings per share (EPS) at 15.97 yen.