1. 決算ハイライト・バリュエーション・投資ストーリー
この銘柄は外部入力（*_chatgpt-output.md / references/*.md）が未提供のため、標準文面を表示しています。
直近実績 (2026Q3)
受注工事高
40,407百万円
前四半期比 -8.0%
営業利益率
8.7%
前四半期比 -1.3pt
EPS
¥67.3
前四半期比 +27.1%
繰越工事高
167,228百万円
前四半期比 +0.4%
- 投資判断: 様子見
- 利用状態: 参考利用可。注意点あり
- 推奨行動: 主要数値の出所情報を補完した更新版で再判定するまで、自動執行を止めます。
- 標準目標株価: ¥3,743.53（現在比 +13.4%）
バリュエーション手法選定
主要手法: 株価収益率 主手法
14.5〜17.5倍新日本空調は受注と 受注残 が売上の視認性を支えますが、最終的な値付けは 2026年度 official 会社見通し EPS を anchor…
クロスチェック: なし
データ不足のため表示できません。主手法の前提と異なる角度で、目標株価の前提整合を確認します。
投資ストーリー要約
背景: 新日本空調は、空調設備を主軸に建築設備の設計・施工管理を担う総合設備エンジニアリング会社です。
収益構造: 売上は完成工事高で認識されるため、将来売上の先行指標は受注工事高、売上視認性の貯金は繰越工事高です。
今回の変化: 受注工事高は40,407百万円（前四半期比 -8.0%）、営業利益率は8.7%（前四半期比 -1.3pt）、EPSは¥67.3（前四半期比 +27.1%）。
今回の論点: 今回の判断では 収益性: 営業利益率は前四半期の 10.0% から 8.7% へ -1.3pt 悪化しました。売上の伸びが利益に十分残っていません を重く見ています。
次四半期の確認: 受注工事高・営業利益率・EPSが続くかを見ます。
新日本空調株式会社の受注工事高: 受注工事高は前四半期比で-8.0%。マイナス。利益率の悪化が判断の重しです。（確認指標: 受注工事高）
新日本空調株式会社の営業利益率: 営業利益率は前四半期比で-1.3pt。上値余地はあるものの、買い基準には届いていません。（確認指標: 営業利益率）
EPS: EPSは前四半期比で+27.1%。中立。いまの水準が続くかを確認します。（確認指標: EPS）
2. 決算背景・因果チェーン・KPI定義（詳細表示/非表示）
決算数値 / 会社ガイダンス / 市場予想の対応
グラフは canonical data、補足の原表は chatgpt-output.md を参照します。
A. 直近決算
実績 vs 市場予想 vs 事前ガイダンス
売上高と EPS を優先表示し、背景カードの「市場予想比 / ガイダンス比」と同じ比較軸で読みます。
売上高 / EPS の比較カードを作るための直近データが不足しています。
B. 次の会社ガイダンス
会社ガイダンス vs 市場予想
表示期間: 2026Q4
次四半期、当期通期、翌期通期の順で探しましたが、表示可能な会社ガイダンス比較がありません。
詳細数値を開く
A. 直近決算の詳細数値
実績 / 市場予想 / 事前ガイダンスの canonical data をそのまま表示します。
| metric | actual | consensus | guide | delta_consensus | delta_guide | interpretation | availability_state | availability_reason | source_loaded_state | row_completeness_state | is_optional_metric | row_id | canonical_origin |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 完成工事高 | ¥39816 | N/A | N/A | N/A | N/A | コンセンサス未取得のため比較不可です。理由: IFIS and 株予報Pro public pages were checked on 2026-03-27 and did not expose a reproducible analyst consensus / target set for 1952. The executable forward anchor is therefore the 2026-02-12 company guide rather than public analyst rows. Primary-source recheck (2026-04-09) confirmed undisclosed fields remain N/A. | partial | 直近実績はあるものの、比較対象の一部が未取得です。 | missing | partial | False | latest:完成工事高 | latest_quarter_comparison |
| 営業利益 | ¥3464 | N/A | N/A | N/A | N/A | コンセンサス未取得のため比較不可です。理由: IFIS and 株予報Pro public pages were checked on 2026-03-27 and did not expose a reproducible analyst consensus / target set for 1952. The executable forward anchor is therefore the 2026-02-12 company guide rather than public analyst rows. Primary-source recheck (2026-04-09) confirmed undisclosed fields remain N/A. | partial | 直近実績はあるものの、比較対象の一部が未取得です。 | missing | partial | False | latest:営業利益 | latest_quarter_comparison |
| 営業利益率 | 8.7% | N/A | N/A | N/A | N/A | コンセンサス未取得のため比較不可です。理由: IFIS and 株予報Pro public pages were checked on 2026-03-27 and did not expose a reproducible analyst consensus / target set for 1952. The executable forward anchor is therefore the 2026-02-12 company guide rather than public analyst rows. Primary-source recheck (2026-04-09) confirmed undisclosed fields remain N/A. | partial | 直近実績はあるものの、比較対象の一部が未取得です。 | missing | partial | False | latest:営業利益率 | latest_quarter_comparison |
| EPS | 67.33 | N/A | N/A | N/A | N/A | コンセンサス未取得のため比較不可です。理由: IFIS and 株予報Pro public pages were checked on 2026-03-27 and did not expose a reproducible analyst consensus / target set for 1952. The executable forward anchor is therefore the 2026-02-12 company guide rather than public analyst rows. Primary-source recheck (2026-04-09) confirmed undisclosed fields remain N/A. | partial | 直近実績はあるものの、比較対象の一部が未取得です。 | missing | partial | False | latest:EPS | latest_quarter_comparison |
| FCF | N/A | N/A | N/A | N/A | N/A | コンセンサス未取得のため比較不可です。理由: IFIS and 株予報Pro public pages were checked on 2026-03-27 and did not expose a reproducible analyst consensus / target set for 1952. The executable forward anchor is therefore the 2026-02-12 company guide rather than public analyst rows. Primary-source recheck (2026-04-09) confirmed undisclosed fields remain N/A. | unavailable | 直近実績自体が未取得です。 | missing | missing | True | latest:FCF | latest_quarter_comparison |
B. 次の会社ガイダンスの詳細数値
会社ガイダンスと市場予想の canonical data をそのまま表示します。
| row_id | period | metric | guide | consensus | internal_base_case | delta_pct | note | source_summary | estimate_date | availability_state | availability_reason | source_loaded_state | row_completeness_state | guide_supported_state | guide_supported_missing_metrics | freshness_note | canonical_origin |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| forward:2026Q4:revenue | 2026Q4 | 完成工事高 | ¥45326 | N/A | N/A | N/A | N/A | 先行き予想ソース: 補足推定 | 推定日: 2026-03-27 | 取得時刻: 2026-04-23T09:49:39+09:00 | 取得状況: 未取得 | 補足: IFIS と 株予報Pro 公開ページ were checked on 2026-03-27 と did not expose a reproducible analyst 市場予想 / 目標株価 set で 1952. executable forward anchor は therefore 2026-02-12 company 会社見通し rather than 公開 analyst rows. Primary-source recheck (2026-04-09) confirmed undisclosed fields remain 未開示. | 2026-03-27 | available | 市場予想は未取得ですが、会社見通しの中核項目は揃っています。 | loaded | complete | True | ['revenue_consensus', 'operating_income_consensus', 'operating_margin_consensus', 'eps_consensus'] | Official actual and guidance are current through the 2026-02-12 disclosure set. The current-price anchor is the 2026-03-27 close, and public consensus availability was rechecked on 2026-03-27 and remained unavailable. Current price was refreshed from Manual input (past price table) on 2026-03-30T11:07:15+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-30T11:11:36+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-30T21:00:25+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-30T21:00:35+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-31T14:22:10+09:00. Current price was refreshed from Manual input (2026-04-01 price table) on 2026-04-01T14:58:13+09:00. Current price was refreshed from Manual input (2026-04-02 price table) on 2026-04-02T09:46:04+09:00. Current price was refreshed from Manual input (2026-04-05 price table) on 2026-04-05T19:59:08+09:00. Current price was refreshed from Manual input (2026-04-08 price table) on 2026-04-08T14:28:26+09:00. Current price was refreshed from Manual input (2026-04-09 price table) on 2026-04-09T22:19:16+09:00. Primary-source recheck (2026-04-09) kept undisclosed metrics as N/A under strict policy. Current price was refreshed from Manual input (2026-04-10 current prices) on 2026-04-10T15:36:57+09:00. Current price was refreshed from Manual input (2026-04-13 latest prices) on 2026-04-13T10:18:52+09:00. Current price was refreshed from Manual input (2026-04-14 latest prices) on 2026-04-14T09:55:14+09:00. Current price was refreshed from Manual input (2026-04-16 latest prices) on 2026-04-16T23:32:03+09:00. Current price was refreshed from Google Finance (filled from N/A on 2026-04-19) on 2026-04-19T20:38:18+09:00. Current price was refreshed from Manual input (2026-04-21 latest prices) on 2026-04-21T19:26:37+09:00. Current price was refreshed from Manual input (2026-04-23 latest prices) on 2026-04-23T09:47:02+09:00. Current price was refreshed from Manual input (2026-04-23 latest prices; N/A supplemented) on 2026-04-23T09:49:39+09:00. | guidance_and_consensus |
| forward:2026Q4:operating_income | 2026Q4 | 営業利益 | ¥4854 | N/A | N/A | N/A | N/A | 先行き予想ソース: 補足推定 | 推定日: 2026-03-27 | 取得時刻: 2026-04-23T09:49:39+09:00 | 取得状況: 未取得 | 補足: IFIS と 株予報Pro 公開ページ were checked on 2026-03-27 と did not expose a reproducible analyst 市場予想 / 目標株価 set で 1952. executable forward anchor は therefore 2026-02-12 company 会社見通し rather than 公開 analyst rows. Primary-source recheck (2026-04-09) confirmed undisclosed fields remain 未開示. | 2026-03-27 | available | 市場予想は未取得ですが、会社見通しの中核項目は揃っています。 | loaded | complete | True | ['revenue_consensus', 'operating_income_consensus', 'operating_margin_consensus', 'eps_consensus'] | Official actual and guidance are current through the 2026-02-12 disclosure set. The current-price anchor is the 2026-03-27 close, and public consensus availability was rechecked on 2026-03-27 and remained unavailable. Current price was refreshed from Manual input (past price table) on 2026-03-30T11:07:15+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-30T11:11:36+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-30T21:00:25+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-30T21:00:35+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-31T14:22:10+09:00. Current price was refreshed from Manual input (2026-04-01 price table) on 2026-04-01T14:58:13+09:00. Current price was refreshed from Manual input (2026-04-02 price table) on 2026-04-02T09:46:04+09:00. Current price was refreshed from Manual input (2026-04-05 price table) on 2026-04-05T19:59:08+09:00. Current price was refreshed from Manual input (2026-04-08 price table) on 2026-04-08T14:28:26+09:00. Current price was refreshed from Manual input (2026-04-09 price table) on 2026-04-09T22:19:16+09:00. Primary-source recheck (2026-04-09) kept undisclosed metrics as N/A under strict policy. Current price was refreshed from Manual input (2026-04-10 current prices) on 2026-04-10T15:36:57+09:00. Current price was refreshed from Manual input (2026-04-13 latest prices) on 2026-04-13T10:18:52+09:00. Current price was refreshed from Manual input (2026-04-14 latest prices) on 2026-04-14T09:55:14+09:00. Current price was refreshed from Manual input (2026-04-16 latest prices) on 2026-04-16T23:32:03+09:00. Current price was refreshed from Google Finance (filled from N/A on 2026-04-19) on 2026-04-19T20:38:18+09:00. Current price was refreshed from Manual input (2026-04-21 latest prices) on 2026-04-21T19:26:37+09:00. Current price was refreshed from Manual input (2026-04-23 latest prices) on 2026-04-23T09:47:02+09:00. Current price was refreshed from Manual input (2026-04-23 latest prices; N/A supplemented) on 2026-04-23T09:49:39+09:00. | guidance_and_consensus |
| forward:2026Q4:operating_margin_pct | 2026Q4 | 営業利益率 | 10.7% | N/A | N/A | N/A | N/A | 先行き予想ソース: 補足推定 | 推定日: 2026-03-27 | 取得時刻: 2026-04-23T09:49:39+09:00 | 取得状況: 未取得 | 補足: IFIS と 株予報Pro 公開ページ were checked on 2026-03-27 と did not expose a reproducible analyst 市場予想 / 目標株価 set で 1952. executable forward anchor は therefore 2026-02-12 company 会社見通し rather than 公開 analyst rows. Primary-source recheck (2026-04-09) confirmed undisclosed fields remain 未開示. | 2026-03-27 | available | 市場予想は未取得ですが、会社見通しの中核項目は揃っています。 | loaded | complete | True | ['revenue_consensus', 'operating_income_consensus', 'operating_margin_consensus', 'eps_consensus'] | Official actual and guidance are current through the 2026-02-12 disclosure set. The current-price anchor is the 2026-03-27 close, and public consensus availability was rechecked on 2026-03-27 and remained unavailable. Current price was refreshed from Manual input (past price table) on 2026-03-30T11:07:15+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-30T11:11:36+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-30T21:00:25+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-30T21:00:35+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-31T14:22:10+09:00. Current price was refreshed from Manual input (2026-04-01 price table) on 2026-04-01T14:58:13+09:00. Current price was refreshed from Manual input (2026-04-02 price table) on 2026-04-02T09:46:04+09:00. Current price was refreshed from Manual input (2026-04-05 price table) on 2026-04-05T19:59:08+09:00. Current price was refreshed from Manual input (2026-04-08 price table) on 2026-04-08T14:28:26+09:00. Current price was refreshed from Manual input (2026-04-09 price table) on 2026-04-09T22:19:16+09:00. Primary-source recheck (2026-04-09) kept undisclosed metrics as N/A under strict policy. Current price was refreshed from Manual input (2026-04-10 current prices) on 2026-04-10T15:36:57+09:00. Current price was refreshed from Manual input (2026-04-13 latest prices) on 2026-04-13T10:18:52+09:00. Current price was refreshed from Manual input (2026-04-14 latest prices) on 2026-04-14T09:55:14+09:00. Current price was refreshed from Manual input (2026-04-16 latest prices) on 2026-04-16T23:32:03+09:00. Current price was refreshed from Google Finance (filled from N/A on 2026-04-19) on 2026-04-19T20:38:18+09:00. Current price was refreshed from Manual input (2026-04-21 latest prices) on 2026-04-21T19:26:37+09:00. Current price was refreshed from Manual input (2026-04-23 latest prices) on 2026-04-23T09:47:02+09:00. Current price was refreshed from Manual input (2026-04-23 latest prices; N/A supplemented) on 2026-04-23T09:49:39+09:00. | guidance_and_consensus |
| forward:2026Q4:eps | 2026Q4 | EPS | 76.14 | N/A | N/A | N/A | N/A | 先行き予想ソース: 補足推定 | 推定日: 2026-03-27 | 取得時刻: 2026-04-23T09:49:39+09:00 | 取得状況: 未取得 | 補足: IFIS と 株予報Pro 公開ページ were checked on 2026-03-27 と did not expose a reproducible analyst 市場予想 / 目標株価 set で 1952. executable forward anchor は therefore 2026-02-12 company 会社見通し rather than 公開 analyst rows. Primary-source recheck (2026-04-09) confirmed undisclosed fields remain 未開示. | 2026-03-27 | available | 市場予想は未取得ですが、会社見通しの中核項目は揃っています。 | loaded | complete | True | ['revenue_consensus', 'operating_income_consensus', 'operating_margin_consensus', 'eps_consensus'] | Official actual and guidance are current through the 2026-02-12 disclosure set. The current-price anchor is the 2026-03-27 close, and public consensus availability was rechecked on 2026-03-27 and remained unavailable. Current price was refreshed from Manual input (past price table) on 2026-03-30T11:07:15+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-30T11:11:36+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-30T21:00:25+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-30T21:00:35+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-31T14:22:10+09:00. Current price was refreshed from Manual input (2026-04-01 price table) on 2026-04-01T14:58:13+09:00. Current price was refreshed from Manual input (2026-04-02 price table) on 2026-04-02T09:46:04+09:00. Current price was refreshed from Manual input (2026-04-05 price table) on 2026-04-05T19:59:08+09:00. Current price was refreshed from Manual input (2026-04-08 price table) on 2026-04-08T14:28:26+09:00. Current price was refreshed from Manual input (2026-04-09 price table) on 2026-04-09T22:19:16+09:00. Primary-source recheck (2026-04-09) kept undisclosed metrics as N/A under strict policy. Current price was refreshed from Manual input (2026-04-10 current prices) on 2026-04-10T15:36:57+09:00. Current price was refreshed from Manual input (2026-04-13 latest prices) on 2026-04-13T10:18:52+09:00. Current price was refreshed from Manual input (2026-04-14 latest prices) on 2026-04-14T09:55:14+09:00. Current price was refreshed from Manual input (2026-04-16 latest prices) on 2026-04-16T23:32:03+09:00. Current price was refreshed from Google Finance (filled from N/A on 2026-04-19) on 2026-04-19T20:38:18+09:00. Current price was refreshed from Manual input (2026-04-21 latest prices) on 2026-04-21T19:26:37+09:00. Current price was refreshed from Manual input (2026-04-23 latest prices) on 2026-04-23T09:47:02+09:00. Current price was refreshed from Manual input (2026-04-23 latest prices; N/A supplemented) on 2026-04-23T09:49:39+09:00. | guidance_and_consensus |
| forward:2026Q4:fcf | 2026Q4 | FCF | N/A | N/A | N/A | N/A | sample data には FCF の市場予想がないため、ここは未開示です。 | 先行き予想ソース: 補足推定 | 推定日: 2026-03-27 | 取得時刻: 2026-04-23T09:49:39+09:00 | 取得状況: 未取得 | 補足: IFIS と 株予報Pro 公開ページ were checked on 2026-03-27 と did not expose a reproducible analyst 市場予想 / 目標株価 set で 1952. executable forward anchor は therefore 2026-02-12 company 会社見通し rather than 公開 analyst rows. Primary-source recheck (2026-04-09) confirmed undisclosed fields remain 未開示. | 2026-03-27 | available | 市場予想は未取得ですが、会社見通しの中核項目は揃っています。 | loaded | complete | True | ['revenue_consensus', 'operating_income_consensus', 'operating_margin_consensus', 'eps_consensus'] | Official actual and guidance are current through the 2026-02-12 disclosure set. The current-price anchor is the 2026-03-27 close, and public consensus availability was rechecked on 2026-03-27 and remained unavailable. Current price was refreshed from Manual input (past price table) on 2026-03-30T11:07:15+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-30T11:11:36+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-30T21:00:25+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-30T21:00:35+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-31T14:22:10+09:00. Current price was refreshed from Manual input (2026-04-01 price table) on 2026-04-01T14:58:13+09:00. Current price was refreshed from Manual input (2026-04-02 price table) on 2026-04-02T09:46:04+09:00. Current price was refreshed from Manual input (2026-04-05 price table) on 2026-04-05T19:59:08+09:00. Current price was refreshed from Manual input (2026-04-08 price table) on 2026-04-08T14:28:26+09:00. Current price was refreshed from Manual input (2026-04-09 price table) on 2026-04-09T22:19:16+09:00. Primary-source recheck (2026-04-09) kept undisclosed metrics as N/A under strict policy. Current price was refreshed from Manual input (2026-04-10 current prices) on 2026-04-10T15:36:57+09:00. Current price was refreshed from Manual input (2026-04-13 latest prices) on 2026-04-13T10:18:52+09:00. Current price was refreshed from Manual input (2026-04-14 latest prices) on 2026-04-14T09:55:14+09:00. Current price was refreshed from Manual input (2026-04-16 latest prices) on 2026-04-16T23:32:03+09:00. Current price was refreshed from Google Finance (filled from N/A on 2026-04-19) on 2026-04-19T20:38:18+09:00. Current price was refreshed from Manual input (2026-04-21 latest prices) on 2026-04-21T19:26:37+09:00. Current price was refreshed from Manual input (2026-04-23 latest prices) on 2026-04-23T09:47:02+09:00. Current price was refreshed from Manual input (2026-04-23 latest prices; N/A supplemented) on 2026-04-23T09:49:39+09:00. | guidance_and_consensus |
| forward:2026FY:revenue | 2026FY | 完成工事高 | ¥150000 | N/A | N/A | N/A | N/A | 先行き予想ソース: 補足推定 | 推定日: 2026-03-27 | 取得時刻: 2026-04-23T09:49:39+09:00 | 取得状況: 未取得 | 補足: IFIS と 株予報Pro 公開ページ were checked on 2026-03-27 と did not expose a reproducible analyst 市場予想 / 目標株価 set で 1952. executable forward anchor は therefore 2026-02-12 company 会社見通し rather than 公開 analyst rows. Primary-source recheck (2026-04-09) confirmed undisclosed fields remain 未開示. | 2026-03-27 | available | 市場予想は未取得ですが、会社見通しの中核項目は揃っています。 | loaded | complete | True | ['revenue_consensus', 'operating_income_consensus', 'operating_margin_consensus', 'eps_consensus'] | Official actual and guidance are current through the 2026-02-12 disclosure set. The current-price anchor is the 2026-03-27 close, and public consensus availability was rechecked on 2026-03-27 and remained unavailable. Current price was refreshed from Manual input (past price table) on 2026-03-30T11:07:15+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-30T11:11:36+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-30T21:00:25+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-30T21:00:35+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-31T14:22:10+09:00. Current price was refreshed from Manual input (2026-04-01 price table) on 2026-04-01T14:58:13+09:00. Current price was refreshed from Manual input (2026-04-02 price table) on 2026-04-02T09:46:04+09:00. Current price was refreshed from Manual input (2026-04-05 price table) on 2026-04-05T19:59:08+09:00. Current price was refreshed from Manual input (2026-04-08 price table) on 2026-04-08T14:28:26+09:00. Current price was refreshed from Manual input (2026-04-09 price table) on 2026-04-09T22:19:16+09:00. Primary-source recheck (2026-04-09) kept undisclosed metrics as N/A under strict policy. Current price was refreshed from Manual input (2026-04-10 current prices) on 2026-04-10T15:36:57+09:00. Current price was refreshed from Manual input (2026-04-13 latest prices) on 2026-04-13T10:18:52+09:00. Current price was refreshed from Manual input (2026-04-14 latest prices) on 2026-04-14T09:55:14+09:00. Current price was refreshed from Manual input (2026-04-16 latest prices) on 2026-04-16T23:32:03+09:00. Current price was refreshed from Google Finance (filled from N/A on 2026-04-19) on 2026-04-19T20:38:18+09:00. Current price was refreshed from Manual input (2026-04-21 latest prices) on 2026-04-21T19:26:37+09:00. Current price was refreshed from Manual input (2026-04-23 latest prices) on 2026-04-23T09:47:02+09:00. Current price was refreshed from Manual input (2026-04-23 latest prices; N/A supplemented) on 2026-04-23T09:49:39+09:00. | guidance_and_consensus |
| forward:2026FY:operating_income | 2026FY | 営業利益 | ¥13695 | N/A | N/A | N/A | N/A | 先行き予想ソース: 補足推定 | 推定日: 2026-03-27 | 取得時刻: 2026-04-23T09:49:39+09:00 | 取得状況: 未取得 | 補足: IFIS と 株予報Pro 公開ページ were checked on 2026-03-27 と did not expose a reproducible analyst 市場予想 / 目標株価 set で 1952. executable forward anchor は therefore 2026-02-12 company 会社見通し rather than 公開 analyst rows. Primary-source recheck (2026-04-09) confirmed undisclosed fields remain 未開示. | 2026-03-27 | available | 市場予想は未取得ですが、会社見通しの中核項目は揃っています。 | loaded | complete | True | ['revenue_consensus', 'operating_income_consensus', 'operating_margin_consensus', 'eps_consensus'] | Official actual and guidance are current through the 2026-02-12 disclosure set. The current-price anchor is the 2026-03-27 close, and public consensus availability was rechecked on 2026-03-27 and remained unavailable. Current price was refreshed from Manual input (past price table) on 2026-03-30T11:07:15+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-30T11:11:36+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-30T21:00:25+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-30T21:00:35+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-31T14:22:10+09:00. Current price was refreshed from Manual input (2026-04-01 price table) on 2026-04-01T14:58:13+09:00. Current price was refreshed from Manual input (2026-04-02 price table) on 2026-04-02T09:46:04+09:00. Current price was refreshed from Manual input (2026-04-05 price table) on 2026-04-05T19:59:08+09:00. Current price was refreshed from Manual input (2026-04-08 price table) on 2026-04-08T14:28:26+09:00. Current price was refreshed from Manual input (2026-04-09 price table) on 2026-04-09T22:19:16+09:00. Primary-source recheck (2026-04-09) kept undisclosed metrics as N/A under strict policy. Current price was refreshed from Manual input (2026-04-10 current prices) on 2026-04-10T15:36:57+09:00. Current price was refreshed from Manual input (2026-04-13 latest prices) on 2026-04-13T10:18:52+09:00. Current price was refreshed from Manual input (2026-04-14 latest prices) on 2026-04-14T09:55:14+09:00. Current price was refreshed from Manual input (2026-04-16 latest prices) on 2026-04-16T23:32:03+09:00. Current price was refreshed from Google Finance (filled from N/A on 2026-04-19) on 2026-04-19T20:38:18+09:00. Current price was refreshed from Manual input (2026-04-21 latest prices) on 2026-04-21T19:26:37+09:00. Current price was refreshed from Manual input (2026-04-23 latest prices) on 2026-04-23T09:47:02+09:00. Current price was refreshed from Manual input (2026-04-23 latest prices; N/A supplemented) on 2026-04-23T09:49:39+09:00. | guidance_and_consensus |
| forward:2026FY:operating_margin_pct | 2026FY | 営業利益率 | 9.1% | N/A | N/A | N/A | N/A | 先行き予想ソース: 補足推定 | 推定日: 2026-03-27 | 取得時刻: 2026-04-23T09:49:39+09:00 | 取得状況: 未取得 | 補足: IFIS と 株予報Pro 公開ページ were checked on 2026-03-27 と did not expose a reproducible analyst 市場予想 / 目標株価 set で 1952. executable forward anchor は therefore 2026-02-12 company 会社見通し rather than 公開 analyst rows. Primary-source recheck (2026-04-09) confirmed undisclosed fields remain 未開示. | 2026-03-27 | available | 市場予想は未取得ですが、会社見通しの中核項目は揃っています。 | loaded | complete | True | ['revenue_consensus', 'operating_income_consensus', 'operating_margin_consensus', 'eps_consensus'] | Official actual and guidance are current through the 2026-02-12 disclosure set. The current-price anchor is the 2026-03-27 close, and public consensus availability was rechecked on 2026-03-27 and remained unavailable. Current price was refreshed from Manual input (past price table) on 2026-03-30T11:07:15+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-30T11:11:36+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-30T21:00:25+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-30T21:00:35+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-31T14:22:10+09:00. Current price was refreshed from Manual input (2026-04-01 price table) on 2026-04-01T14:58:13+09:00. Current price was refreshed from Manual input (2026-04-02 price table) on 2026-04-02T09:46:04+09:00. Current price was refreshed from Manual input (2026-04-05 price table) on 2026-04-05T19:59:08+09:00. Current price was refreshed from Manual input (2026-04-08 price table) on 2026-04-08T14:28:26+09:00. Current price was refreshed from Manual input (2026-04-09 price table) on 2026-04-09T22:19:16+09:00. Primary-source recheck (2026-04-09) kept undisclosed metrics as N/A under strict policy. Current price was refreshed from Manual input (2026-04-10 current prices) on 2026-04-10T15:36:57+09:00. Current price was refreshed from Manual input (2026-04-13 latest prices) on 2026-04-13T10:18:52+09:00. Current price was refreshed from Manual input (2026-04-14 latest prices) on 2026-04-14T09:55:14+09:00. Current price was refreshed from Manual input (2026-04-16 latest prices) on 2026-04-16T23:32:03+09:00. Current price was refreshed from Google Finance (filled from N/A on 2026-04-19) on 2026-04-19T20:38:18+09:00. Current price was refreshed from Manual input (2026-04-21 latest prices) on 2026-04-21T19:26:37+09:00. Current price was refreshed from Manual input (2026-04-23 latest prices) on 2026-04-23T09:47:02+09:00. Current price was refreshed from Manual input (2026-04-23 latest prices; N/A supplemented) on 2026-04-23T09:49:39+09:00. | guidance_and_consensus |
| forward:2026FY:eps | 2026FY | EPS | 231.31 | N/A | N/A | N/A | N/A | 先行き予想ソース: 補足推定 | 推定日: 2026-03-27 | 取得時刻: 2026-04-23T09:49:39+09:00 | 取得状況: 未取得 | 補足: IFIS と 株予報Pro 公開ページ were checked on 2026-03-27 と did not expose a reproducible analyst 市場予想 / 目標株価 set で 1952. executable forward anchor は therefore 2026-02-12 company 会社見通し rather than 公開 analyst rows. Primary-source recheck (2026-04-09) confirmed undisclosed fields remain 未開示. | 2026-03-27 | available | 市場予想は未取得ですが、会社見通しの中核項目は揃っています。 | loaded | complete | True | ['revenue_consensus', 'operating_income_consensus', 'operating_margin_consensus', 'eps_consensus'] | Official actual and guidance are current through the 2026-02-12 disclosure set. The current-price anchor is the 2026-03-27 close, and public consensus availability was rechecked on 2026-03-27 and remained unavailable. Current price was refreshed from Manual input (past price table) on 2026-03-30T11:07:15+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-30T11:11:36+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-30T21:00:25+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-30T21:00:35+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-31T14:22:10+09:00. Current price was refreshed from Manual input (2026-04-01 price table) on 2026-04-01T14:58:13+09:00. Current price was refreshed from Manual input (2026-04-02 price table) on 2026-04-02T09:46:04+09:00. Current price was refreshed from Manual input (2026-04-05 price table) on 2026-04-05T19:59:08+09:00. Current price was refreshed from Manual input (2026-04-08 price table) on 2026-04-08T14:28:26+09:00. Current price was refreshed from Manual input (2026-04-09 price table) on 2026-04-09T22:19:16+09:00. Primary-source recheck (2026-04-09) kept undisclosed metrics as N/A under strict policy. Current price was refreshed from Manual input (2026-04-10 current prices) on 2026-04-10T15:36:57+09:00. Current price was refreshed from Manual input (2026-04-13 latest prices) on 2026-04-13T10:18:52+09:00. Current price was refreshed from Manual input (2026-04-14 latest prices) on 2026-04-14T09:55:14+09:00. Current price was refreshed from Manual input (2026-04-16 latest prices) on 2026-04-16T23:32:03+09:00. Current price was refreshed from Google Finance (filled from N/A on 2026-04-19) on 2026-04-19T20:38:18+09:00. Current price was refreshed from Manual input (2026-04-21 latest prices) on 2026-04-21T19:26:37+09:00. Current price was refreshed from Manual input (2026-04-23 latest prices) on 2026-04-23T09:47:02+09:00. Current price was refreshed from Manual input (2026-04-23 latest prices; N/A supplemented) on 2026-04-23T09:49:39+09:00. | guidance_and_consensus |
| forward:2026FY:fcf | 2026FY | FCF | N/A | N/A | N/A | N/A | sample data には FCF の市場予想がないため、ここは未開示です。 | 先行き予想ソース: 補足推定 | 推定日: 2026-03-27 | 取得時刻: 2026-04-23T09:49:39+09:00 | 取得状況: 未取得 | 補足: IFIS と 株予報Pro 公開ページ were checked on 2026-03-27 と did not expose a reproducible analyst 市場予想 / 目標株価 set で 1952. executable forward anchor は therefore 2026-02-12 company 会社見通し rather than 公開 analyst rows. Primary-source recheck (2026-04-09) confirmed undisclosed fields remain 未開示. | 2026-03-27 | available | 市場予想は未取得ですが、会社見通しの中核項目は揃っています。 | loaded | complete | True | ['revenue_consensus', 'operating_income_consensus', 'operating_margin_consensus', 'eps_consensus'] | Official actual and guidance are current through the 2026-02-12 disclosure set. The current-price anchor is the 2026-03-27 close, and public consensus availability was rechecked on 2026-03-27 and remained unavailable. Current price was refreshed from Manual input (past price table) on 2026-03-30T11:07:15+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-30T11:11:36+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-30T21:00:25+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-30T21:00:35+09:00. Current price was refreshed from Manual input (past price table) on 2026-03-31T14:22:10+09:00. Current price was refreshed from Manual input (2026-04-01 price table) on 2026-04-01T14:58:13+09:00. Current price was refreshed from Manual input (2026-04-02 price table) on 2026-04-02T09:46:04+09:00. Current price was refreshed from Manual input (2026-04-05 price table) on 2026-04-05T19:59:08+09:00. Current price was refreshed from Manual input (2026-04-08 price table) on 2026-04-08T14:28:26+09:00. Current price was refreshed from Manual input (2026-04-09 price table) on 2026-04-09T22:19:16+09:00. Primary-source recheck (2026-04-09) kept undisclosed metrics as N/A under strict policy. Current price was refreshed from Manual input (2026-04-10 current prices) on 2026-04-10T15:36:57+09:00. Current price was refreshed from Manual input (2026-04-13 latest prices) on 2026-04-13T10:18:52+09:00. Current price was refreshed from Manual input (2026-04-14 latest prices) on 2026-04-14T09:55:14+09:00. Current price was refreshed from Manual input (2026-04-16 latest prices) on 2026-04-16T23:32:03+09:00. Current price was refreshed from Google Finance (filled from N/A on 2026-04-19) on 2026-04-19T20:38:18+09:00. Current price was refreshed from Manual input (2026-04-21 latest prices) on 2026-04-21T19:26:37+09:00. Current price was refreshed from Manual input (2026-04-23 latest prices) on 2026-04-23T09:47:02+09:00. Current price was refreshed from Manual input (2026-04-23 latest prices; N/A supplemented) on 2026-04-23T09:49:39+09:00. | guidance_and_consensus |
元レポート 1-1 四半期表
実績・ガイダンス・市場予想の原表です。
元データ表が不足しているため表示できません。
元レポート 1-2 年次表
年次 actual / guide / consensus の原表です。
元データ表が不足しているため表示できません。
乖離とセグメントの背景
この会社は何の会社か: 新日本空調は、空調設備を主軸に建築設備の設計・施工管理を担う総合設備エンジニアリング会社です。
どう稼ぐ会社か: 売上は完成工事高で認識されるため、将来売上の先行指標は受注工事高、売上視認性の貯金は繰越工事高です。
今回の判断で重視した論点: 今回の判断では 収益性: 営業利益率は前四半期の 10.0% から 8.7% へ -1.3pt 悪化しました。売上の伸びが利益に十分残っていません を重く見ています。
因果チェーンと主要KPI
前四半期比 -1.3pt。マイナス。利益率の悪化が判断の重しです。
買い・様子見・売りの境界に対する現在位置です。。上値余地はあるものの、買い基準には届いていません。
前回比の詳細は定点観測パックで確認してください。。中立。いまの水準が続くかを確認します。
| KPI名 | なぜ重要か | 目安(閾値) |
|---|---|---|
| 受注工事高 | 新日本空調は完成工事高より前に受注工事高で次の売上と 受注残 の質が見えるためです。 | 2026年度 会社見通し 177,000百万円 に向けて順調な進捗を保つこと |
| 繰越工事高 | 受注が増えても 受注残 が維持できなければ、売上転化の持続性は弱くなりやすいためです。 | FY2026Q3 の高水準から大きく崩さず、2026年度 会社見通し 152,868百万円 付近を維持すること |
| 営業利益率 | この会社の 評価見直し は 受注残 の量だけでなく、高付加価値案件と execution の質が EPS にどう残るかで決まりやすいためです。 | 営業利益率が 2026年度 会社見通し 9% 台前半を大きく割り込まないこと |
| EPS | 公開コンセンサスが乏しい中では、公式 EPS 会社見通し と還元方針を軸にした 1株あたり 利益水準 が 評価 の中心になるためです。 | 2026年度 company-会社見通しd EPS 231.31 円に向けた進捗を維持すること |
投資判断: 様子見 / 利用状態: 参考利用可。注意点あり
標準目標株価: ¥3,743.53（現在比 +13.4%）
3. 業績推移と予測ダッシュボード (チャート)
連結 売上高・営業利益・利益率・YoY (四半期)
横スクロールで直近実績の推移を確認できます。
連結 売上高・営業利益・利益率・YoY (年次)
年次実績の伸びと収益性の整合を確認します。
連結年次データが不足しているため表示できません。
セグメント別 売上高推移 (四半期)
会社の四半期セグメント売上が未開示のため、全社開示値のみを表示しています。
セグメント別売上高の四半期開示がないため、このチャートは全社開示値のみを表示しています（推計補完はしていません）。
会社開示の四半期セグメントは 1 系列のみです。ここで 1 系列になるのは欠損ではなく、開示範囲によるものです。年次の地域補足開示がある場合は別カードで確認します。
セグメント別 営業利益推移 (四半期)
地域別営業利益は非開示のため、連結営業利益を地域売上構成比で按分した参考系列を表示します。
会社開示の四半期セグメントは 1 系列のみです。ここで 1 系列になるのは欠損ではなく、開示範囲によるものです。年次の地域補足開示がある場合は別カードで確認します。
このグラフの営業利益は参考値です（連結営業利益を地域売上比で按分）。
セグメント別 売上・営業利益推移 (年次)
添付レポートの年次実績をそのまま確認します。
会社開示の四半期セグメントは 1 系列のみです。ここで 1 系列になるのは欠損ではなく、開示範囲によるものです。年次の地域補足開示がある場合は別カードで確認します。
連結YoYに対するセグメント別寄与度
どの事業が連結成長を押し上げ、どの事業が逆風かを確認します。
営業益寄与の棒は参考値です（連結営業利益を地域売上比で按分）。
主要KPI推移 (四半期)
因果チェーンと主要KPIで定義した指標を対象に、取得済み系列は時系列で、未取得系列は注記で確認します。
表示対象KPI: 受注工事高 / 繰越工事高 / 営業利益率 / EPS
時系列表示中: 受注工事高 / 繰越工事高 / 営業利益率 / EPS
4. 妥当性検証・目標株価シナリオ
要素分解（発生確率 × 価格影響度のネット期待値）
外部レポートの 5-1 表がないため、この要素分解は repo 内評価モデルの factor rows を表示しています。ユーザー入力の表をそのまま再現したものではありません。
問題: 判断根拠の一部が不足
影響: 通常利用の条件を満たしていないため、結論は参考利用にとどめます。
対応: 不足している先行き予想、KPI、経営コメントを補完してから再判定してください。
シナリオ比較
外部レポートの 5-4 表がないため、このシナリオ比較は repo 内評価モデルから再構成しています。ユーザー入力の表の逐語再現ではありません。
| シナリオ | 目標株価 | 現在株価差 | 達成確率 | 達成時期 | 主要KPI閾値 |
|---|---|---|---|---|---|
| 標準 | ¥3,743.53 | +13.4% | 44.5% | 12か月後 (2027/04) | 需要、利益率、評価の置き方という中心前提のうち 2 つ以上が外れる場合。 / 営業利益率 9.5% |
| 強気 | ¥4,664.59 | +41.4% | 19.4% | 12か月後 (2027/04) | 営業利益率 12.1% |
| 弱気 | ¥2,785.23 | -15.6% | 36.2% | 12か月後 (2027/04) | 営業利益率 <= 7.3% |
強気: サービスの構成比が想定以上に高まり、利益率と株主還元の両方が追い風になる世界です。
崩れる条件: 需要、構成比、利益率 のうち複数が上振れず、強気の世界観が成立しない場合。
標準: 利用基盤は安定し、サービス構成比が緩やかに改善する中心シナリオです。
崩れる条件: 需要、利益率、評価の置き方という中心前提のうち 2 つ以上が外れる場合。
弱気: サービス構成比の伸びが鈍り、利益率改善も止まって、評価が切り下がる世界です。
崩れる条件: 想定より需要と利益率が回復し、弱気前提が崩れる場合。
5. 詳細データテーブル (全生データ・予測前提含む)
提示された全数値を網羅しています。未開示項目は N/A のまま保持し、元レポートの実績表・予測表を section 5 に再掲しています。
詳細データテーブルの元ソースが不足しているため表示できません。