Rinnai Corporation
First Quarter Financial Summary for the Year Ending March 2027
The first quarter of the consolidated fiscal year ending March 2027 saw net sales exceeding ¥113.6 billion, up 10.6% YoY; operating income declined 5.2% YoY to ¥9.1 billion; ordinary income declined 3.5% YoY to ¥10.3 billion; net income attributable to owners of the parent rose 1.8% YoY to ¥6.7 billion. A new medium-term plan, Accelerate 2030, has been formulated. By segment, Japan, the United States, and Australia remained solid, while China faced a slowdown in the economy and sales declined. Overall, higher raw material costs and increased expenses compressed profit, with a high overseas ratio.
Key Figures
- Sales: 1,136億69百万円 (YoY +10.6%)
- Operating income: 91億95百万円 (YoY -5.2%)
- Net income attributable to owners of parent: 67億44百万円 (YoY +1.8%)
AI要約
Overview of Results
Rinnai's first quarter of the fiscal year ending March 2027 saw profits squeezed by rising raw material prices and cost increases, while sales hit record highs due to contributions from acquired subsidiaries and expansion in overseas markets. Demand remained solid in Japan, the United States, and Australia, but China was affected by an economic slowdown. The group has formulated the new medium-term plan, Accelerate 2030, aiming to create new domains in business and regional growth and to achieve sustainable growth.
Outlook and Strategy
Under the medium-term management plan Accelerate 2030, we will pursue growth through solving social challenges in the Heat and Living, and Health and Living sectors. While remaining mindful of China’s economic trends, we will maximize acquisition effects and expand overseas sales to build a more stable business foundation. We recommend reviewing the accompanying earnings briefing materials and continuing to disclose detailed forecasts and the assumptions underlying them.
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Rinnai Corporation
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