Rinnai Corp Financial Ratios — RINIY Stock

Profitability (JPY)

	2011 Y	2012 Y	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
As of date	03/31/2011	03/31/2012	03/31/2013	03/31/2014	03/31/2015	03/31/2016	03/31/2017	03/31/2018	03/31/2019	03/31/2020	03/31/2021	03/31/2022	03/31/2023	03/31/2024	03/31/2025

Return on Common Equity (%)	10.51	10.42	10.96	12.06	9.93	10.07	9.12	8.17	7.48	7.4	8.86	7.37	7.87	7.73	8.38
Return on Assets (%)	6.99	7.3	7.73	7.79	5.97	6.24	5.76	5.13	4.8	4.89	5.82	4.7	4.92	4.74	5.02
Return on Capital (%)	9.26	9.49	9.9	10.75	8.28	8.45	7.46	6.32	5.75	5.55	6.78	5.23	5.19	4.82	5.47
Return on Invested Capital (%)	16.31	10.31	10.04	10.18	8.21	8.81	8.49	7.7	6.97	7.51	8.2	6.96	7.67	6.88	7.49
Gross Margin (%)	30.73	30.47	30.12	31.4	30.91	32.34	32.97	32.29	32.21	33.07	33.49	31.83	32.55	32.04	33.9
EBITDA Margin (%)	16.05	10.8	10.47	11.86	10.44	10.81	10.31	9.47	8.87	10.11	11.82	9.8	9.74	9.15	10
Operating Margin (%)	16.05	10.8	10.47	11.86	10.44	10.81	10.31	9.47	8.87	10.11	11.82	9.8	9.74	9.15	10
Incremental Operating Margin (%)	39.96	-163.75	-5.41	21.82	-40.21	15.29	-5.23	-7.17	-207.05	-46.87	160.55	-22.12	9.41	-41.46	22.05
Pretax Margin (%)	10.15	11.17	11.72	12.9	11.16	11.22	10.6	9.96	9.53	10.23	12.73	10.67	10.48	10.67	10.84
Profit Margin (%)	6.48	6.81	7.69	8.1	7	7.1	6.76	6.11	5.88	6.33	8.01	6.49	6.14	6.2	6.45
Net Income to Common Margin (%)	6.48	6.81	7.69	8.1	7	7.1	6.76	6.11	5.88	6.33	8.01	6.49	6.14	6.2	6.45
Effective Tax Rate (%)	32.96	37.1	31.36	34.32	30.99	30.27	28.17	28.35	27.63	26.25	26.46	25.74	25.96	24.81	25.45
Dvd Payout Ratio (%)	13.56	14.28	13.45	12.34	15.5	14.83	15.62	16.04	17.18	16.54	14.62	20.66	17.91	19.91	22.23
Sustainable Growth Rate (%)	9.08	8.93	9.49	10.58	8.39	8.57	7.69	6.86	6.19	6.17	7.56	5.85	6.46	6.19	6.52

Credit (JPY)

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	2011 Y	2012 Y	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
As of date	03/31/2011	03/31/2012	03/31/2013	03/31/2014	03/31/2015	03/31/2016	03/31/2017	03/31/2018	03/31/2019	03/31/2020	03/31/2021	03/31/2022	03/31/2023	03/31/2024	03/31/2025

Total Debt	9,040	7,579	6,298	5,950	1,976	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
ST Debt	6,277	4,254	3,748	5,950	1,976	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	2,763	3,325	2,550	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBITDA	0.24	0.28	0.24	0.17	0.06	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	-0.5	-1.01	-1.57	-1.52	-1.91	-2.91	-3.38	-3.8	-4.54	-4.85	-4.58	-6.94	-5.55	-6.08	-5.75
Total Debt/EBIT	0.24	0.28	0.24	0.17	0.06	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	-0.5	-1.01	-1.57	-1.52	-1.91	-2.91	-3.38	-3.8	-4.54	-4.85	-4.58	-6.94	-5.55	-6.08	-5.75
EBITDA to Interest Expense	117.51	87.62	110.28	180.98	246.33	864.98	1,064.34	- -	10,294.67	717.25	813.92	560.45	567.44	498.33	474.34
EBITDA-CapEx/Interest Expense	90.34	56.04	74.32	112.47	143.22	416.4	394.03	- -	5,270.67	500.73	548.3	234.84	201.56	25.42	294.95
EBIT to Interest Expense	117.51	87.62	110.28	180.98	246.33	864.98	1,064.34	- -	10,294.67	717.25	813.92	560.45	567.44	498.33	474.34
Interest Expense	327	304	239	188	125	40	32	- -	3	48	50	64	73	79	97
Common Equity/Total Assets	69.63	70.53	70.45	59.96	60.23	63.7	62.77	62.8	65.59	66.65	64.84	62.8	62.41	60.47	59.25
Long-Term Debt/Equity (%)	1.96	2.15	1.43	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	1.65	1.85	1.3	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	1.25	1.39	0.97	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	6.41	4.9	3.54	2.56	0.76	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Capital (%)	5.41	4.21	3.2	2.73	0.85	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Total Assets (%)	4.08	3.17	2.4	1.78	0.55	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt to Equity	-13.68	-17.46	-23.25	-22.18	-22.48	-37	-39.65	-40.51	-43.74	-49.01	-50.2	-65.68	-56.43	-54.7	-57.34
Net Debt/Capital (%)	-13.91	-18.56	-27.76	-32.09	-34.29	-66.6	-73.66	-77.41	-85.58	-105.41	-112.96	-228.32	-148.52	-150.17	-175.89
EBITDA	38,427	26,637	26,356	34,024	30,791	34,599	34,059	32,853	30,884	34,428	40,696	35,869	41,423	39,368	46,011
EBITDA-CapEx	29,540	17,037	17,763	21,145	17,902	16,656	12,609	16,410	15,812	24,035	27,415	15,030	14,714	2,008	28,610
Operating Income (Loss)	38,427	26,637	26,356	34,024	30,791	34,599	34,059	32,853	30,884	34,428	40,696	35,869	41,423	39,368	46,011

Liquidity (JPY)

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	2011 Y	2012 Y	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
As of date	03/31/2011	03/31/2012	03/31/2013	03/31/2014	03/31/2015	03/31/2016	03/31/2017	03/31/2018	03/31/2019	03/31/2020	03/31/2021	03/31/2022	03/31/2023	03/31/2024	03/31/2025

Cash Ratio	0.81	0.97	1.19	1.25	1.28	1.31	1.35	1.54	1.78	2	2.06	2.4	2.1	2.31	2.49
Current Ratio	1.94	2.15	2.43	2.41	2.58	2.62	2.6	2.84	3.18	3.4	3.34	3.07	3.03	3.19	3.34
Quick Ratio	0.81	0.97	1.19	1.25	1.28	1.31	1.35	1.54	1.78	2	2.06	2.4	2.1	2.31	2.49
CFO/Avg Current Liab	0.39	0.32	0.31	0.45	0.31	0.44	0.45	0.32	0.33	0.43	0.53	0.28	0.17	0.39	0.53
Common Equity/Total Assets	69.63	70.53	70.45	59.96	60.23	63.7	62.77	62.8	65.59	66.65	64.84	62.8	62.41	60.47	59.25
Long-Term Debt/Equity (%)	1.96	2.15	1.43	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	1.65	1.85	1.3	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Total Assets (%)	1.25	1.39	0.97	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Equity (%)	6.41	4.9	3.54	2.56	0.76	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Capital (%)	5.41	4.21	3.2	2.73	0.85	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/Total Assets (%)	4.08	3.17	2.4	1.78	0.55	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Total Liabilities	34.26	27.43	27.04	35.83	26.71	36.6	34.79	26.14	26.75	34.41	39.29	21.41	13.86	31.04	39.69
CFO/CapEx	3.1	2.4	2.66	2.83	1.99	2.01	1.84	1.82	1.96	3.63	3.73	1.38	0.73	1.16	3.3
Altman's Z-Score	2.97	2.79	2.74	2.49	2.38	2.51	2.43	2.46	2.51	2.49	2.43	3.46	4.27	4.36	4.48

Working Capital (JPY)

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	2011 Y	2012 Y	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
As of date	03/31/2011	03/31/2012	03/31/2013	03/31/2014	03/31/2015	03/31/2016	03/31/2017	03/31/2018	03/31/2019	03/31/2020	03/31/2021	03/31/2022	03/31/2023	03/31/2024	03/31/2025

Accounts Receivable Turnover	4.51	4.49	4.32	4.49	4.47	5.11	5.33	5.39	5.19	5.03	4.82	4.86	5.51	5.04	10.04
Days Sales Outstanding	81.01	81.34	84.41	81.27	81.65	71.4	68.43	67.77	70.28	72.61	75.66	75.05	66.3	72.37	36.35
Inventory Turnover	7.58	7.63	7	7.1	6.41	6.14	5.91	5.72	5.3	5.04	5.22	4.63	3.64	3.35	3.8
Days Inventory Outstanding	48.13	47.85	52.11	51.37	56.92	59.48	61.73	63.8	68.9	72.35	69.9	78.75	100.18	108.92	95.97
Accounts Payable Turnover	3.35	3.71	4.04	4.13	4.19	6.16	9.88	10.61	10.98	11.68	11.27	11.2	11.97	11.11	10.5
Accounts Payable Turnover Days	108.85	98.33	90.38	88.3	87.02	59.24	36.95	34.41	33.24	31.25	32.38	32.58	30.49	32.86	34.76
Cash Conversion Cycle	20.29	30.86	46.14	44.35	51.55	71.64	93.21	97.16	105.94	113.71	113.18	121.22	135.99	148.42	97.57
Inventory to Cash Days	32.89	33.5	32.3	29.9	24.73	11.92	6.7	3.98	1.39	0.26	5.77	-3.7	-33.88	-36.56	-59.62
Inventories	21,023	23,932	26,322	29,093	34,482	36,069	38,802	43,344	45,716	44,628	43,090	64,626	92,827	81,652	78,352
Raw Materials	9,478	9,402	9,855	11,696	12,812	12,608	13,963	16,014	16,728	17,138	17,558	28,548	39,562	39,953	36,826
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	11,545	14,530	16,467	17,397	21,670	23,461	24,839	27,330	28,988	27,490	25,532	36,078	53,265	41,699	41,526
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (JPY)

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	2011 Y	2012 Y	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
As of date	03/31/2011	03/31/2012	03/31/2013	03/31/2014	03/31/2015	03/31/2016	03/31/2017	03/31/2018	03/31/2019	03/31/2020	03/31/2021	03/31/2022	03/31/2023	03/31/2024	03/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	247,311	435,712	479,469	512,839
- Cash & Cash Equivalents	28,338	34,596	47,691	57,540	60,730	100,528	115,225	124,771	140,264	167,090	186,412	248,831	229,769	239,294	264,760
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	3,836	4,119	5,515	11,846	14,789	15,636	17,860	20,682	21,560	25,343	28,989	35,736	43,048	49,663	55,872
+ Total Debt	9,040	7,579	6,298	5,950	1,976	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-44,125	-58,549	-75,357	-93,235	-85,077	-92,928	-105,928	-122,009	-135,830	-148,111	-175,945	21,966	241,254	281,770	297,984
Total Capital	167,092	180,171	196,812	218,291	232,090	251,467	271,646	285,955	304,162	325,609	351,440	357,813	384,478	398,640	415,288
Total Debt/Capital (%)	5.41	4.21	3.2	2.73	0.85	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt / EV	-0.2	-0.13	-0.08	-0.06	-0.02	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.06	0.57	0.65	0.65
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.61	5.82	7.16	6.48
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.61	5.82	7.16	6.48
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.76	12.41	6.49	5.18
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.44	5.23	3.49	3.97
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	247,311	435,712	479,469	512,839
Diluted Enterprise Value	-15,462	-22,898	-35,878	-39,744	-43,965	-84,892	-97,365	-104,089	-118,704	-141,747	-157,423	34,216	248,991	289,838	303,951
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	217.55	817.76	976.06	1,052.09
TTM Sales	239,436	246,636	251,832	286,981	295,022	319,935	330,256	347,071	348,022	340,460	344,364	366,185	425,229	430,186	460,319
TTM EBITDA	38,427	26,637	26,356	34,024	30,791	34,599	34,059	32,853	30,884	34,428	40,696	35,869	41,423	39,368	46,011
TTM Operating Income	38,427	26,637	26,356	34,024	30,791	34,599	34,059	32,853	30,884	34,428	40,696	35,869	41,423	39,368	46,011
TTM Cash Flow to Firm	27,755	23,265	23,036	36,576	25,757	36,094	39,577	29,914	29,481	37,729	49,528	28,744	19,441	43,406	57,574
TTM Free Cash Flow to Firm	36,642	32,865	31,629	49,455	38,646	54,037	61,027	46,357	44,553	48,122	62,809	49,583	46,150	80,766	74,975

Multiples (JPY)

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	2011 Y	2012 Y	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
As of date	03/31/2011	03/31/2012	03/31/2013	03/31/2014	03/31/2015	03/31/2016	03/31/2017	03/31/2018	03/31/2019	03/31/2020	03/31/2021	03/31/2022	03/31/2023	03/31/2024	03/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4.99	9.45	5.94	6.85
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.61	5.82	7.16	6.48
Enterprise Value	-44,125	-58,549	-75,357	-93,235	-85,077	-92,928	-105,928	-122,009	-135,830	-148,111	-175,945	21,966	241,254	281,770	297,984
Low Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1,917.96	1,453.54	1,459.84	1,697.85
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.06	0.57	0.65	0.65
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.61	5.82	7.16	6.48
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	10.41	16.7	17.98	17.27
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	9.81	22.25	17.38	17.36
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	10.68	30.8	19.41	18.24
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	8.16	16.43	15.8	16.2
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.77	1.28	1.37	1.43
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.72	1.7	1.33	1.43
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.79	2.35	1.48	1.51
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.6	1.26	1.21	1.34
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.66	1.08	1.11	1.13
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.62	1.44	1.07	1.14
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.68	1.99	1.19	1.19
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.52	1.06	0.97	1.06
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.68	1.02	1.11	1.11
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.64	1.37	1.08	1.12
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.69	1.89	1.2	1.18
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.53	1.01	0.98	1.04
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	8.62	22.47	11.06	8.92
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	8.11	29.96	10.69	8.96
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	8.84	41.46	11.94	9.42
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	6.75	22.12	9.72	8.36
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4.7	12.6	5.74	6.88
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	5.12	17.44	6.41	7.23
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.91	9.3	5.22	6.42
EV/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.05	0.93	0.64	0.67
EV/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.11	1.45	0.76	0.72
EV/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.15	0.57	0.54	0.59
EV/EBITDA Average	-0.4	-0.86	-1.36	-1.17	-1.43	-2.45	-2.86	-3.17	-3.84	-4.12	-3.87	0.55	9.51	6.96	6.66
EV/EBITDA High	-0.4	-0.86	-1.36	-1.17	-1.43	-2.45	-2.86	-3.17	-3.84	-4.12	-3.87	1.13	14.89	8.33	7.23
EV/EBITDA Low	-0.4	-0.86	-1.36	-1.17	-1.43	-2.45	-2.86	-3.17	-3.84	-4.12	-3.87	-0.54	5.84	5.89	5.91
EV/EBIT Average	-0.4	-0.86	-1.36	-1.17	-1.43	-2.45	-2.86	-3.17	-3.84	-4.12	-3.87	0.55	9.51	6.96	6.66
EV/EBIT High	-0.4	-0.86	-1.36	-1.17	-1.43	-2.45	-2.86	-3.17	-3.84	-4.12	-3.87	1.13	14.89	8.33	7.23
EV/EBIT Low	-0.4	-0.86	-1.36	-1.17	-1.43	-2.45	-2.86	-3.17	-3.84	-4.12	-3.87	-0.54	5.84	5.89	5.91
Last Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2,449.25	1,476.91	1,660.89	1,810.68
High Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2,510.84	2,724.22	1,792.55	1,911.93
Enterprise Value Average	-15,462	-22,898	-35,878	-39,744	-43,965	-84,892	-97,365	-104,089	-118,704	-141,747	-157,423	19,767	394,043	273,948	306,418
Enterprise Value High	-15,462	-22,898	-35,878	-39,744	-43,965	-84,892	-97,365	-104,089	-118,704	-141,747	-157,423	40,436	616,969	327,847	332,627
Enterprise Value Low	-15,462	-22,898	-35,878	-39,744	-43,965	-84,892	-97,365	-104,089	-118,704	-141,747	-157,423	-19,430	242,098	231,798	271,993

Shares Outstanding	147	147	147	156	156	156	156	154	154	154	154	149	146	143	141
Diluted Weighted Avg Shares	299	294	294	307	312	312	312	310	308	308	308	101	295	289	283
Basic Weighted Avg Shares	299	294	294	307	312	312	312	310	308	308	308	101	295	289	283
Revenue per Share	801.51	837.87	855.55	935.3	945.5	1,025.37	1,058.47	1,120.12	1,128.48	1,103.97	1,116.65	3,626.52	1,441.37	1,490.17	1,625.25
EBITDA per Share	128.63	90.49	89.54	110.89	98.68	110.89	109.16	106.03	100.14	111.64	131.96	355.23	140.41	136.37	162.45
Operating Income per Share	128.63	90.49	89.54	110.89	98.68	110.89	109.16	106.03	100.14	111.64	131.96	355.23	140.41	136.37	162.45
Basic EPS, GAAP	51.92	57.1	65.81	75.79	66.17	72.78	71.54	68.4	66.41	69.91	89.44	235.19	88.46	92.37	104.83
Basic EPS from Cont Ops	54.54	58.87	68.81	79.28	72.85	80.22	80.59	79.96	77.83	83.3	104.56	287.27	111.84	119.61	131.3
Diluted EPS, GAAP	51.92	57.1	65.81	75.79	66.17	72.78	71.54	68.4	66.41	69.91	89.44	235.19	88.46	92.37	104.83
Diluted EPS from Cont Ops	54.54	58.87	68.81	79.28	72.85	80.22	80.59	79.96	77.83	83.3	104.56	287.27	111.84	119.61	131.3
Dividend per Share	7.75	8.66	9.66	10.21	12.33	13	14	14.68	15.33	16	17.49	70.12	24.22	29.23	35.08
Cash Flow per Share	92.18	78.39	77.7	118.8	82.27	115.59	126.77	96.54	95.59	122.23	160.48	284.19	65.71	150.15	203.02
Free Cash Flow per Basic Share	62.43	45.77	48.51	76.83	40.96	58.08	58.02	43.48	46.72	88.53	117.42	77.81	-24.82	20.74	141.58
Cash & Equivalents per Share	190.81	238.64	296.14	361.86	326.39	347.94	396.74	460.52	510.35	562.44	664.53	2,585.62	805.06	856.87	955.86
Book Value per Share	516.24	572.34	628.49	653.43	690.08	755.82	813.39	856.13	916.35	973.64	1,045.59	3,189.69	1,157.32	1,208.86	1,268.99
Tangible Book Value per Share	467.07	520.62	599.55	744.12	823.8	851.94	909.53	973.41	1,021.24	1,094.3	1,193.57	3,714.45	1,367.57	1,502.67	1,602.67

Rinnai Corp

Profitability (JPY)

Credit (JPY)

Liquidity (JPY)

Working Capital (JPY)

Enterprise Value (JPY)

Multiples (JPY)

Per Share Data Items (JPY)