#RinnaiCorporation

Rinnai Corporation announced that Representative Director Tsuneyoshi Narita will retire upon the expiration of his term at the conclusion of the 76th Annual General Meeting of Shareholders scheduled for late June 2026, and will assume the position of Special Advisor on the same date.

At the Annual General Meeting of Shareholders scheduled for late June 2026, resolutions will be passed regarding new appointments and resignations of directors and auditors. Mr. Hirohisa Oi is scheduled to be appointed Director and Senior Executive Officer, and Mr. Tsunemori Narita will resign as Representative Director and be appointed Special Advisor.

For the third quarter of the fiscal year ending March 2026, consolidated net sales reached 339,391 million yen (2.1% year-over-year increase), operating income was 37,132 million yen (5.9% increase), and net income attributable to owners of parent was 27,538 million yen (20.4% increase), achieving record-high results.