1. Japan Stocks

  2. •

    Consumer Cyclical

  3. •

    Furnishings, Fixtures & Appliances
Rinnai Corporation

Rinnai Corporation

RINIF
Rinnai CorporationUS flagOther OTC
23.18
USD
- -
- -
3.20BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
1,870.6
1,890.99
2,050.73
2,116.94
2,240.25
2,256.96
2,207.95
2,233.3
7,253.03
2,882.74
2,980.35
3,250.5
3,381.72
1,662.13
Basic EPS, GAAP
151.57
132.34
145.57
143.08
136.8
132.81
139.83
178.87
470.38
176.91
184.75
209.66
259.96
131.33
Free Cash Flow per Basic Share
153.66
81.93
116.17
116.05
86.95
93.43
177.05
234.83
155.62
-49.64
41.48
283.17
244.48
- -
Dividend per Share
20.43
24.66
26
28
29.36
30.67
31.99
34.99
140.23
48.44
58.47
70.15
90.25
- -
Book Value per Share
1,415.13
1,580.79
1,641.38
1,748.51
1,863.02
1,939.89
2,046.8
2,220.09
2,296.56
2,487.56
2,707.84
2,885.7
3,166.83
2,834.37
Tangible Book Value per Share
1,387.49
1,552.81
1,603.64
1,704.59
1,821.84
1,902.65
2,024.23
2,199.13
2,271.18
2,462
2,682.41
2,830.31
3,036.86
2,804.16
Basic Weighted Avg Shares
153
156
156
156
155
154
154
154
50
148
144
142
139
143
Sales/Revenue/Turnover
286,981
295,022
319,935
330,256
347,071
348,022
340,460
344,364
366,185
425,229
430,186
460,319
470,392
237,492
Operating Margin (%)
11.86
10.44
10.81
10.31
9.47
8.87
10.11
11.82
9.8
9.74
9.15
10
10.74
12.32
Depreciation Expense
1,053
1,123
1,389
1,681
1,792
1,976
2,594
2,663
2,864
3,379
3,714
4,119
15,076
- -
Net Income, GAAP
23,254
20,647
22,710
22,322
21,194
20,480
21,561
27,581
23,748
26,096
26,667
29,691
36,160
18,765
Effective Tax Rate (%)
34.32
30.99
30.27
28.17
28.35
27.63
26.25
26.46
25.74
25.96
24.81
25.45
27.2
25.08
Profit Margin (%)
8.1
7
7.1
6.76
6.11
5.88
6.33
8.01
6.49
6.14
6.2
6.45
7.69
7.9
Working Capital
125,025
126,306
133,750
146,103
170,557
192,541
208,106
232,615
225,153
228,652
234,547
253,877
263,570
246,838
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
232,633
261,413
271,708
290,636
307,963
320,694
340,956
371,317
378,856
407,198
437,436
461,716
494,122
452,923
Return on Invested Capital (%)
10.18
8.21
8.81
8.49
7.7
6.97
7.51
8.2
6.96
7.67
6.88
7.49
7.46
5
Return on Capital (%)
10.55
7.43
7.63
6.94
5.88
5.4
5.28
6.45
4.94
4.9
4.47
4.95
6.01
3.31
Return on Common Equity (%)
11.83
8.83
9.04
8.44
7.57
6.98
7.01
8.38
6.93
7.38
7.09
7.48
8.58
4.88

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
143
143
141
Market Capitalization
441,994
469,815
413,402

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
341,437
- -
346,003
Cash, Cash Equivalents & STI
247,362
- -
252,936
Accounts Receivable, Net
91,694
- -
- -
Inventories
81,652
- -
82,442
Total Current Liabilities
106,890
- -
99,165
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.18%
5.9%
7.02%
Free Cash Flow
20.47%
20.27%
-15.2%
Net Income, GAAP
5.44%
6.26%
21.79%
Sales/Revenue/Turnover
4.04%
6.56%
2.19%
Total Cash Common Dividend
12.38%
18.87%
26.36%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
460,319
2026
- -
- -
- -
- -
470,392
2027
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
209.66
2026
- -
- -
- -
- -
259.96
2027
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
70.15
2026
- -
- -
- -
- -
90.25
2027
- -
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Hiroyasu Naito
Full Time Employees
11,328
Sector
Consumer Cyclical
Industry
Furnishings, Fixtures & Appliances
Address
2-26, Fukuzumi-cho Nagoya AI Japan 454-0802
IPO Date
Feb 20, 2013
Website
rinnai.co.jp
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Business
Rinnai Corporation (Ticker: RINIF) manufactures and sells gas appliances and heating, cooling, and hot water systems worldwide. The company produces a broad range of products including tankless continuous flow water heaters, gas boilers, radiant heaters, cooktops, stovetops, ovens, range hoods, and commercial kitchen equipment such as fryers, griddles, and combi steamers; it also offers ventilation fans, air conditioning units, and biomass stoves under the Rinnai brand. Rinnai operates primarily in the residential and commercial sectors, serving homeowners, builders, restaurants, and institutions with energy-efficient solutions focused on gas-fired technologies. Founded in 1920 and headquartered in Nagoya, Japan, the company maintains manufacturing facilities and sales operations across Asia, North America, Europe, Australia, and other regions, with key subsidiaries including Rinnai America Corporation and Rinnai UK Limited. In recent developments, Rinnai expanded its presence through strategic investments in production capacity, including a new manufacturing plant in India to support growing demand in South Asia; it also launched next-generation hydrogen-ready water heaters in 2024 as part of its commitment to sustainable energy transitions and formed a partnership with renewable gas suppliers to promote low-carbon heating solutions.