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日空調 Research Memo(2):空調を主とした建築設備の設計・施工管理の大手。原子力関連の空調設備に強み

Nichita Air Conditioning Research Memo (2): A major company specializing in the design and construction management of air conditioning systems for buildings. Strong in air conditioning equipment related to nuclear power.

Fisco Japan ·  Dec 23 11:02

Company Overview

The main business of Shin Nippon Air Conditioning <1952> is the design and construction management of building equipment, primarily air conditioning systems. It originated in 1930 when it partnered with USA Carrier Global Corporation <CARR> and was established as Toyo Carrier Engineering Co., Ltd. Before the war, it was the first in the world to install air conditioning in all trains of the express "Asia" on the South Manchuria Railroads and also achieved the world's first complete air conditioning on a ship, the "Kouan Maru" ferry.

After the war, in 1957, it installed Japan's first reactor air conditioning at the Japan Atomic Energy Research Institute (Tōkai Village, Ibaraki Prefecture), and in 1968, it installed the air conditioning system for Japan's first skyscraper, the "Kasumigaseki Building." In 1969, the construction department of Toyo Carrier Engineering was separated and became Shin Nippon Air Conditioning Co., Ltd. (SNK).

Following this, as domestic construction demand increased, the company expanded its performance. In 2003, it established a local corporation, Shin Nippon Air Conditioning Engineering (Shanghai) Co., Ltd. (now Shin Nippon (China) Construction Co., Ltd.) in China, in 2008 it established a local corporation, SHIN NIPPON LANKA (PRIVATE) LIMITED in Sri Lanka, and in 2010 it set up a local corporation, SHIN NIPPON AIRTECH (SINGAPORE) PTE.LTD in Singapore. In 2024, it will establish Shin Nippon (Hong Kong) Construction Co., Ltd. in Hong Kong, accelerating its overseas expansion.

Regarding stocks, it was listed in 1990 on the second section of the Tokyo Stock Exchange (hereinafter referred to as TSE), and in 1993 it moved to the first section. It is currently listed on the TSE Main Board.

(Written by FISCO guest analyst Noboru Terashima)

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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