Fiscal Year Ending March 2026 Third Quarter Financial Summary [Japanese GAAP] (Consolidated)

Performance Overview

For the cumulative consolidated period of the third quarter of the fiscal year ending March 2026, Rinnai Corporation recorded net sales of 339,391 million yen (2.1% YoY increase), operating income of 37,132 million yen (5.9% YoY increase), ordinary income of 41,817 million yen (7.6% YoY increase), and net income attributable to owners of parent of 27,538 million yen (20.4% YoY increase), achieving record-high performance. Sales of high value-added products both domestically and internationally remained strong. Despite the impact of soaring raw material and energy prices, profit growth was supported by increased revenue and cost reduction initiatives. Sales were particularly robust in Japan, the United States, and Australia, with operating income increasing 11.6% YoY in Japan, 12.3% YoY in the U.S., and 77.5% YoY in Australia.

Business Combination and Future Outlook

On October 31, 2025, Rinnai Corporation acquired all shares of MT Industrial S.A.C. to expand business in the Latin American region, making it a wholly-owned subsidiary. This acquisition generated goodwill of 8,737 million yen, which will be amortized evenly over a reasonable period. There is no change to the full-year consolidated earnings forecast announced on May 9, 2025. The equity ratio remains stable at 68.8%, and the company continues aiming for sustainable growth, focusing on products contributing to 'improving quality of life' and the 'global environment.'