Financial Results for First Quarter of Fiscal 2024, ending March 31, 2024 (April 1 － June 30, 2023)

Reference Data

August 4, 2023

Consolidated Income Results (Fiscal 2024-1Q)

（ Millions of yen）

Net sales

Operating

%of net

Ordinary

%of net

Net income

%of net

income

sales

income

sales

attributable to owners

sales

of the parent company

Consolidated amounts

89,853

3,113

3.5%

5,895

6.6%

3,288

3.7%

YOY change

-5%

-69%

-48%

-53%

FY2023

95,006

10,079

10.6%

11,437

12.0%

7,014

7.4%

Parent Company

46,178

1,606

3.5%

9,780

21.2%

8,626

18.7%

YOY change

-19%

-71%

+11%

+27%

FY2023

56,909

5,471

9.6%

8,794

15.5%

6,798

11.9%

Domestic subsidiaries

22,887

(2)

-

87

0.4%

56

0.2%

YOY change

-15%

-

-92%

-92%

FY2023

26,874

939

3.5%

1,053

3.9%

732

2.7%

Overseas subsidiaries

48,900

542

1.1%

1,071

2.2%

873

1.8%

YOY change

-5%

-86%

-74%

-73%

FY2023

51,540

4,013

7.8%

4,052

7.9%

3,261

6.3%

Total

117,966

2,145

1.8%

10,939

9.3%

9,556

8.1%

YOY change

-13%

-79%

-21%

-11%

FY2023

135,323

10,424

7.7%

13,900

10.3%

10,792

8.0%

©Rinnai Corporation

2

Main Overseas Consolidated Subsidiaries Income Results (Fiscal 2024-1Q)

  • Millions of yen）

Net sales

YOY

Operating

%of net

Ordinary

%of net

Net income

change

income

sales

income

sales

%of net sales

Rinnai America

12,555

+13%

(1,778)

-

(1,951)

-

(1,469)

-

Rinnai Australia

6,784

+19%

204

3.0%

319

4.7%

243

3.6%

Shanghai Rinnai

8,298

-31%

262

3.2%

553

6.7%

450

5.4%

Rinnai Korea

7,544

-8%

127

1.7%

226

3.0%

178

2.4%

Rinnai Indonesia

3,457

-14%

529

15.3%

602

17.4%

469

13.6%

©Rinnai Corporation

3

Consolidated Sales Results (Fiscal 2024-1Q)

（Millions of yen）

Kitchen

Air conditioning

Commercial

Total

Water heaters

-use

Others

appliances

appliances

equipment

Consolidated amounts

89,853

53,722

20,336

3,587

2,506

9,701

YOY change

-5%

-3%

-8%

+1%

+3%

-14%

FY2023

95,006

55,565

22,167

3,543

2,427

11,301

Parent Company

46,178

26,337

13,162

706

620

5,351

YOY change

-19%

-21%

-4%

-46%

+7%

-34%

FY2023

56,909

33,210

13,700

1,300

577

8,120

Domestic subsidiaries

22,887

8,529

3,024

31

338

10,962

YOY change

-15%

-11%

-4%

+2%

-23%

-20%

FY2023

26,874

9,584

3,154

31

442

13,662

Overseas subsidiaries

48,900

31,510

7,432

3,315

2,096

4,546

YOY change

-5%

-4%

-16%

+4%

+5%

-4%

FY2023

51,540

32,724

8,873

3,196

2,000

4,745

Total

117,966

66,377

23,619

4,053

3,055

20,860

YOY change

-13%

-12%

-8%

-10%

+1%

-21%

FY2023

135,323

75,518

25,728

4,528

3,019

26,528

©Rinnai Corporation

4

Main Overseas Consolidated Subsidiaries Sales Results (Fiscal 2024-1Q)

  • Millions of yen）

YOY

Water

YOY

Kitchen

YOY

Air

YOY

Commercial-

Total

conditioning

use

change

heaters

change

appliances

change

change

appliances

equipment

12,555

+13%

11,371

464

87

Rinnai America

(-1% )

+12%

+53%

6,784

+19%

3,524

2,321

366

Rinnai Australia

(+11% )

+28%

+5%

8,298

-31%

7,224

621

Shanghai Rinnai

(-34% )

-31%

-34%

7,544

-8%

4,493

1,588

1,012

Rinnai Korea

(-14% )

-1%

-18%

3,457

-14%

46

2,793

478

Rinnai Indonesia

(-20% )

+655%

-20%

Note:（ on a local currency basis）

YOY change

+93%

+37%

-11%

+15%

Others

YOY

change

631

+4%

572

+25%

452

-19%

449

-19%

139

+20%

©Rinnai Corporation

5

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Rinnai Corporation published this content on 04 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2023 07:55:16 UTC.