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    Construction
Noritz Corporation

Noritz Corporation

NRTZF
Noritz CorporationUS flagOther OTC
11.47
USD
- -
- -
524.51MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
4,189.19
4,578.67
4,578.15
4,431.26
4,489.32
4,389.72
4,376.41
3,953.19
3,872.99
4,598.52
4,378.21
4,377.63
4,423.06
4,301.33
Basic EPS, GAAP
133.56
72.75
-82.78
97.34
112.98
120.86
31.75
-64.78
119.12
104.63
18.82
94.89
73.51
-11.87
Free Cash Flow per Basic Share
53.16
138.04
123.39
228.45
-0.08
74.19
7.27
99.46
256.94
-44.31
-207.93
34.73
82.18
- -
Dividend per Share
30.97
29.99
32.98
32
31.98
31.98
32.11
32.27
50.92
76.12
59.88
54.25
71.78
- -
Book Value per Share
1,645.88
1,688.69
1,574.51
1,639.95
1,720.89
1,809.87
1,816.83
1,761.68
1,851.51
1,841.36
1,790.77
1,753.38
1,775.51
1,688.59
Tangible Book Value per Share
2,076.54
2,140.61
2,160.78
2,143.71
2,373.96
2,240.21
2,191.15
2,187.51
2,322.59
2,396.85
2,535.18
2,734.53
2,940.44
2,717.15
Basic Weighted Avg Shares
48
48
48
48
48
48
48
47
46
46
46
46
46
46
Sales/Revenue/Turnover
200,327
218,943
218,909
211,872
214,648
209,868
208,396
183,859
178,142
210,966
201,891
202,204
202,049
198,151
Operating Margin (%)
4.83
3.38
2.34
4.22
3.13
2.29
1.29
2.59
1.4
3.27
1.9
1.18
2.13
1.23
Depreciation Expense
5,881
7,600
12,457
6,990
8,184
6,696
7,341
7,122
6,393
6,890
7,755
7,940
8,012
- -
Net Income, GAAP
6,387
3,479
-3,958
4,654
5,402
5,778
1,512
-3,013
5,479
4,800
868
4,383
3,358
-547
Effective Tax Rate (%)
30.85
35.07
- -
29.27
28.69
40.5
46.71
- -
36.07
34.33
61
35.39
34.8
121.66
Profit Margin (%)
3.19
1.59
-1.81
2.2
2.52
2.75
0.73
-1.64
3.08
2.28
0.43
2.17
1.66
-0.28
Working Capital
44,065
46,203
48,382
50,275
54,867
59,885
54,755
49,139
53,402
51,938
54,694
57,651
53,149
55,609
LT Debt
- -
- -
- -
- -
- -
- -
- -
40
40
- -
- -
562
291
694
Total Equity
109,671
118,241
113,728
111,473
121,528
114,050
114,798
110,967
116,190
119,653
126,663
136,935
145,027
136,047
Return on Invested Capital (%)
6.33
4.08
- -
5.52
4.02
2.38
1.23
- -
1.38
3.74
1.18
1.14
1.9
-0.39
Return on Capital (%)
7.7
4.01
- -
5.38
6.17
6.24
1.67
- -
6.01
5.1
0.73
4.75
3.54
-0.95
Return on Common Equity (%)
8.38
4.36
-5.07
6.06
6.72
6.85
1.75
-3.58
6.56
5.66
1.04
5.36
4.14
-0.68

Capital Structure

FRC

•

in mil. unless spec.
Dec'23
Mar'24
Jun'24
ST Debt
2,527
1,961
2,007
LT Borrowings
- -
748
694
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
46
46
46
Market Capitalization
67,010
77,093
81,945

Working Capital

FRC

•

in mil. unless spec.
Dec'23
Mar'24
Jun'24
Total Current Assets
121,518
120,998
119,252
Cash, Cash Equivalents & STI
26,137
29,172
28,689
Accounts Receivable, Net
44,009
38,145
35,787
Inventories
33,821
33,982
35,921
Total Current Liabilities
66,824
65,448
63,643
Payables & Accruals
- -
- -
- -
ST Debt
2,527
1,961
2,007
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.58%
5.51%
5.91%
Free Cash Flow
-8,721.6%
85.44%
134.04%
Net Income, GAAP
-56.22%
1.08%
-23.39%
Sales/Revenue/Turnover
-0.55%
2.22%
-0.08%
Total Cash Common Dividend
- -
21.16%
30.85%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
50,555
45,457
- -
- -
202,204
2025
- -
- -
- -
- -
202,049
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6.23
- -
- -
- -
94.89
2025
- -
- -
- -
- -
73.51
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
54.25
2025
- -
- -
- -
- -
71.78
2026
- -
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Masayuki Takenaka
Full Time Employees
6,128
Sector
Industrials
Industry
Construction
Address
Eiko Building Kobe Japan 650-0033
IPO Date
Jan 20, 2015
Website
noritzglobal.com
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Business
Noritz Corporation (NRTZF), founded in 1951 and headquartered in Kobe, Japan, manufactures and sells household appliances and equipment, with a primary focus on hot water heating and air conditioning systems; it offers gas and electric water heaters for residential and commercial use, including tankless condensing models such as the EZ Series and NCC199CDV Pro, boilers, heat pump water heaters, hydronic heating systems, gas fan heaters, gas co-generation systems, kitchen appliances like built-in gas cookers, range hoods, and electric cookers, as well as water purifiers and solar water heating systems. The company operates through domestic and overseas segments, serving markets in Japan, North America (USA and Canada via Noritz America), China (via Noritz China and Sakura), Southeast Asia (Thailand and Malaysia), South America (Brazil), East Asia (Taiwan, Hong Kong, Macau), Middle East (Israel), Oceania (Australia and New Zealand via Dux), and Europe (UK, Ireland, Netherlands, Italy); subsidiaries include Noritz America Corporation, Dux Manufacturing Limited, PB Heat LLC, Shanghai Noritz Co. Ltd., and Noritz (China) Co. Ltd. In recent developments, Noritz launched an upgraded NCC199CDV Pro commercial condensing tankless water heater in May 2025 with a 0.98 Uniform Energy Factor, Bluetooth connectivity, and a 10-year warranty on heat exchangers; introduced the EZ Series Pro residential tankless heaters in November 2024, adding the EZ71 model with enhanced efficiency up to 0.98 UEF; debuted its proprietary RO electrolysis hydrogen water purifier in Thailand in October 2025 as its first branded product in Southeast Asia, alongside plans for electric water heaters, range hoods, and cookers; joined the PHCC Partners for Professionalism program to support training on tankless installations; and continues investments under its 2024-2026 medium-term plan, including ¥10.4 billion in 2024 for low-emission products and capital efficiency improvements.

Company News

APIChatGPT