Noncontact precise displacement measurements, including surface profiling, were demonstrated using the phase information of narrow-band 40 kHz continuous waves (wavelength λ=9 mm) in a pinhole-based air-coupled ultrasonic system beyond the diffraction limit. Real-time displacement measurements with a distance resolution of λ/900,000 (10 nm) were accomplished using a highly sensitive phase variation when the distance between the pinhole and the surface of an object was in the range from approximately 5 to 10 µm. To extend the working distance of our system while maintaining a high resolution, an automatic distance control system was constructed and introduced in our system. Using this advanced system, a surface topographical profile of 16 µm height was successfully measured, while maintaining maximum phase sensitivity. These results demonstrate the usefulness of our system when applied to noncontact precise displacement measurements.