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59472026 Q3PrimeJGAAP

RINNAI (5947) FY2026 Q3 Earnings Report

For FY2026 Q3, revenue came to ¥339.4B (+2.1% year on year) and operating income ¥37.1B (+5.9%). The segment drivers and cash flow follow.

RINNAI CORPORATION

Construction & Materials/Metal Products


Financial Highlights

  • Net Sales: ¥339.39B
  • Operating Income: ¥37.13B
  • Net Income: ¥32.17B
  • EPS: ¥197.54

Income Statement

ItemCurrentPriorYoY %
Net Sales¥339.39B¥332.32B+2.1%
Cost of Sales¥221.15B¥219.41B+0.8%
Gross Profit¥118.25B¥112.91B+4.7%
SG&A Expenses¥81.11B¥77.85B+4.2%
Operating Income¥37.13B¥35.05B+5.9%
Non-operating Income¥5.15B¥4.42B+16.7%
Non-operating Expenses¥467M¥622M−24.9%
Ordinary Income¥41.82B¥38.85B+7.6%
Profit Before Tax¥43.71B¥38.44B+13.7%
Income Tax Expense¥11.54B¥10.81B+6.8%
Net Income¥32.17B¥27.63B+16.4%
Net Income Attributable to Owners¥27.54B¥22.88B+20.4%
Total Comprehensive Income¥27.80B¥29.11B−4.5%
Interest Expense¥67M¥59M+13.6%
Basic EPS¥197.54¥161.22+22.5%

Balance Sheet

ItemCurrent EndPrior EndChange
Current Assets¥342.26B¥362.48B−¥20.22B
Cash and Deposits¥136.84B¥170.85B−¥34.01B
Accounts Receivable¥95.27B¥93.91B+¥1.36B
Inventories¥46.73B¥41.53B+¥5.20B
Non-current Assets¥252.29B¥244.10B+¥8.19B
Property, Plant & Equipment¥150.66B¥152.29B−¥1.63B
Intangible Assets¥15.65B¥7.79B+¥7.86B
Goodwill¥11.11B¥2.86B+¥8.25B
Investment Securities¥32.31B¥35.92B−¥3.61B
Total Assets¥594.55B¥606.59B−¥12.04B
Current Liabilities¥97.42B¥108.61B−¥11.19B
Accounts Payable¥25.86B¥32.90B−¥7.04B
Non-current Liabilities¥36.81B¥36.26B+¥546M
Total Liabilities¥134.22B¥144.87B−¥10.64B
Total Equity¥460.33B¥461.72B−¥1.39B
Capital Stock¥6.48B¥6.48B¥0
Capital Surplus¥8.30B¥8.43B−¥124M
Retained Earnings¥358.41B¥352.93B+¥5.47B
Treasury Stock−¥10.57B−¥10.85B+¥284M
Owners' Equity¥409.20B¥405.85B+¥3.35B
Working Capital¥244.85B--

Profitability Ratios

ItemValue
Net Profit Margin8.1%
Gross Profit Margin34.8%
Current Ratio351.3%
Quick Ratio303.4%
Debt-to-Equity Ratio0.29x
Interest Coverage Ratio554.21x
Effective Tax Rate26.4%

Year-over-Year Comparison

ItemYoY Change
Net Sales YoY Change+2.1%
Operating Income YoY Change+5.9%
Ordinary Income YoY Change+7.6%
Profit Before Tax YoY Change+13.7%
Net Income YoY Change+16.4%
Net Income Attributable to Owners YoY Change+20.4%
Total Comprehensive Income YoY Change−4.5%

Share Information

ItemValue
Shares Outstanding (incl. Treasury)141.13M shares
Treasury Stock3.05M shares
Average Shares Outstanding139.41M shares
Book Value Per Share¥3,333.87

Dividend Information

ItemAmount
Q2 Dividend¥50.00

Segment Information

SegmentRevenueOperating Income
America¥51.80B¥1.17B
Australia¥32.41B¥1.84B
China¥37.17B¥5.74B
Indonesia¥13.56B¥2.94B
Japan¥154.63B¥21.07B
Korea¥24.51B¥919M
OperatingSegmentsNotIncludedInReportableSegmentsAndOtherRevenueGeneratingBusiness¥25.32B¥3.81B

Full Year Forecast

ItemForecast
Net Sales Forecast¥470.00B
Operating Income Forecast¥50.00B
Ordinary Income Forecast¥53.50B
Net Income Attributable to Owners Forecast¥33.00B
Basic EPS Forecast¥237.24
Dividend Per Share Forecast¥100.00