Company Rinnai Corporation

Equities

5947

JP3977400005

Appliances, Tools & Housewares

Analysts' Consensus

Business Summary

Sales per Business

Sales per region

Managers

Members of the board

Share class

Shareholders

Holdings

Company contact information

Sector

Sales per region

Ratings for Rinnai Corporation

EPS Revisions

Quarterly earnings - Rate of surprise

Sector Household Appliances

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-04-26 am EDT			5-day change	1st Jan Change
3,363 ^JPY	+1.97%		+1.91%	+2.91%

2023	Rinnai Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024	CI
2023	Tranche Update on Rinnai Corporation's Equity Buyback Plan announced on May 10, 2023.	CI

RINNAI CORPORATION is a Japan-based company engaged in the manufacture and sale of heating appliances and components. The products and components are manufactured by the company and affiliated companies. In the domestic market, the Company sells directly to customers such as city gas companies, propane fuel sales companies, housing equipment manufacturers, house manufacturers, pipe building material sales companies. The Company manufactures and sells at overseas subsidiaries and affiliates. The Company operates in six businesses, including Japan, the United States, Australia, China, Korea, and Indonesia.

Number of employees: 11,150

JPY in Million	2022	Weight	2023	Weight	Delta
Thermal Equipment 100.0 %	366,185	100.0 %	425,229	100.0 %	+16.12%

JPY in Million	2022	Weight	2023	Weight	Delta
Japan 46.3 %	171,533	46.8 %	196,838	46.3 %	+14.75%
China 15.6 %	52,778	14.4 %	66,150	15.6 %	+25.34%
America 13.1 %	44,752	12.2 %	55,750	13.1 %	+24.58%
South Korea 7.5 %	32,124	8.8 %	32,094	7.5 %	-0.09%
Other 7.2 %	25,644	7.0 %	30,537	7.2 %	+19.08%
Australia 6.5 %	25,764	7.0 %	27,655	6.5 %	+7.34%
Indonesia 3.8 %	13,587	3.7 %	16,203	3.8 %	+19.25%

Managers	Title	Age	Since
Hiroyasu Naito CEO	Chief Executive Officer	69	83-03-31
Kenji Hayashi CHM	Chairman	74	72-03-31
Chuji Nakashima CTO	Chief Tech/Sci/R&D Officer	-	-
Inoue Hitori BRD	Director/Board Member	-	-
Hideyuki Shiraki BRD	Director/Board Member	-	-
Tsunenori Narita BRD	Director/Board Member	75	67-03-31
Takuya Ogawa IRC	Investor Relations Contact	-	-
Atsuro Kashima AUD	Comptroller/Controller/Auditor	-	-
Masanori Shimizu PRN	Corporate Officer/Principal	-	-

Members of the board	Title	Age	Since
Kenji Hayashi CHM	Chairman	74	72-03-31
Takashi Kamio BRD	Director/Board Member	81	16-05-31
Hiroyasu Naito CEO	Chief Executive Officer	69	83-03-31
Tsunenori Narita BRD	Director/Board Member	75	67-03-31
Tadashi Ogura BRD	Director/Board Member	73	-
Nobuyuki Matsui BRD	Director/Board Member	80	14-05-31
Hideyuki Shiraki BRD	Director/Board Member	-	-
Inoue Hitori BRD	Director/Board Member	-	-
land Yoko BRD	Director/Board Member	-	-

	Vote	Quantity	Free-Float	Company-owned shares	Total Float
Stock A	0	146,677,171	86,746,914 ( 59.14 %)	3,472,081 ( 2.367 %)	59.14 %

Name	Equities	%	Valuation
Yukimi Naito 13.84 %	20,299,337	13.84 %	467 M ¥
Nomura Asset Management Co., Ltd. 6.552 %	9,611,000	6.552 %	221 M ¥
Kenji Hayashi 6.047 %	8,869,000	6.047 %	204 M ¥
Rinnai Scholarship Foundation 2.863 %	4,200,000	2.863 %	97 M ¥
Makoto Naito 2.582 %	3,787,650	2.582 %	87 M ¥
RINNAI CORPORATION 2.367 %	3,471,913	2.367 %	80 M ¥
Misaki Capital, Inc. 1.644 %	2,411,000	1.644 %	56 M ¥
TOKYO GAS CO., LTD. 1.604 %	2,352,000	1.604 %	54 M ¥
Sanderson Asset Management LLP 1.522 %	2,232,000	1.522 %	51 M ¥
Rinnai Employee Stock Ownership Plan 1.191 %	1,747,000	1.191 %	40 M ¥

Name	Equities	%	Valuation
RINNAI CORPORATION 2.37%	3,471,913	2.37%	79,924,305 $
MITSUUROKO GROUP HOLDINGS CO.,LTD. 4.48%	2,694,000	4.48%	25,579,153 $
TOKYO GAS CO., LTD. 0.27%	1,081,060	0.27%	25,079,133 $
SINANEN HOLDINGS CO., LTD. 2.87%	374,000	2.87%	12,158,183 $
IWATANI CORPORATION 0.34%	200,000	0.34%	11,288,116 $
YAKULT HONSHA CO.,LTD. 0.15%	522,720	0.15%	10,772,496 $
TAKARA STANDARD CO.,LTD. 0.83%	566,903	0.83%	7,315,481 $
AIPHONE CO.,LTD. 1.67%	305,000	1.67%	6,086,095 $
NEW COSMOS ELECTRIC CO.,LTD. 2.00%	251,500	2.00%	3,981,592 $
TOKAI HOLDINGS CORPORATION 0.41%	570,656	0.41%	3,725,317 $

Rinnai Corp.

2-26 Fukuzumi-cho Nakagawa-Ku

454-0802, Nagoya

http://www.rinnai.co.jp

Trading Rating

Investor Rating

ESG Refinitiv

B+

More Ratings

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

3,298 JPY

Average target price

3,654 JPY

Spread / Average Target

+10.79%

Consensus

Estimates Revisions

Company calendar

Consumer Cyclicals

Cyclical Consumer Products

Household Goods

Appliances, Tools & Housewares

Household Appliances

	1st Jan change	Capi.
RINNAI CORPORATION	+2.91%	3.04B
GREE ELECTRIC APPLIANCES, INC. OF ZHUHAI	+21.08%	28.24B
BEIJING ROBOROCK TECHNOLOGY CO., LTD.	+32.10%	6.78B
HISENSE HOME APPLIANCES GROUP CO., LTD.	+74.95%	6.2B
ECOVACS ROBOTICS CO., LTD.	+2.32%	3.37B
HANGZHOU ROBAM APPLIANCES CO., LTD.	+3.31%	2.93B
SHANGHAI FLYCO ELECTRICAL APPLIANCE CO., LTD.	-0.89%	3.01B
ARÇELIK ANONIM SIRKETI	+34.24%	3.15B
COWAY CO., LTD.	-2.27%	2.95B
GUANGDONG XINBAO ELECTRICAL APPLIANCES HOLDINGS CO., LTD	+24.09%	2.05B

Household Appliances