1. Japan Stocks

  2. •

    Producer manufacturing

  3. •

    Industrial machinery
Noritz Corporation

Noritz Corporation

TTSE:5943
2,257.00
JPY
+40.00
(+1.80%)
104.39BMarket Cap
Nov 12Next Earn
Noritz Corporation
TSE:5943
(Tokyo Stock Exchange)

Recent

price

2,257.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
JPY
3,659.66
3,854.47
3,911.7
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
- -
Revenue per Share
80.34
100.32
125.03
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
- -
Basic EPS, GAAP
174.95
65.07
117.94
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
- -
Free Cash Flow per Basic Share
27.99
28
30.01
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
- -
Dividend per Share
1,742.57
1,790.3
1,938.83
2,230.9
2,372.03
2,290.99
2,245.63
2,452.39
2,302.83
2,362.09
2,332.85
2,436.84
2,509.7
2,646.01
2,854.3
3,059.52
3,123.73
Book Value per Share
1,704.34
1,752.95
1,891.13
2,014.03
2,039.92
2,073.32
2,057.91
2,284.58
2,157.51
2,139.65
2,132.17
2,233.36
2,298.81
2,434.44
2,624.65
2,825.41
2,896.71
Tangible Book Value per Share
48
48
48
48
48
48
48
48
48
48
47
46
46
46
46
46
46
Basic Weighted Avg Shares
175,067
184,353
187,061
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
- -
Sales/Revenue/Turnover
4.08
4.44
4.73
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
- -
Operating Margin (%)
5,729
5,896
5,898
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
- -
Depreciation Expense
3,843
4,798
5,979
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
- -
Net Income, GAAP
36.2
39.44
35.71
30.85
35.07
- -
29.27
28.69
40.5
46.71
- -
36.07
34.33
61
35.39
34.8
- -
Effective Tax Rate (%)
2.2
2.6
3.2
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
- -
Profit Margin (%)
40,294
40,852
47,853
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
57,515
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
40
40
- -
- -
562
291
147
LT Debt
83,419
85,620
92,721
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
148,126
Total Equity
4.68
5.6
6.1
6.33
4.08
- -
5.52
4.02
2.38
1.23
- -
1.38
3.74
1.18
1.14
1.9
- -
Return on Invested Capital (%)
4.59
5.57
6.58
5.96
2.96
- -
3.88
4.49
4.7
1.32
- -
4.64
3.87
0.53
3.16
2.21
- -
Return on Capital (%)
4.66
5.68
6.71
6.41
3.16
-3.55
4.29
4.81
5.08
1.37
-2.76
5
4.22
0.73
3.45
2.47
- -
Return on Common Equity (%)

Capital Structure

JPY

•

in mil. unless spec.
Jun'24
Mar'26
Jun'26
ST Debt
2,007
- -
7,541
LT Borrowings
694
- -
147
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
46
46
46
Market Capitalization
81,138
105,515
104,390

Working Capital

JPY

•

in mil. unless spec.
Jun'24
Mar'26
Jun'26
Total Current Assets
119,252
- -
120,813
Cash, Cash Equivalents & STI
28,689
- -
30,117
Accounts Receivable, Net
35,787
- -
39,764
Inventories
35,921
- -
30,706
Total Current Liabilities
63,643
- -
63,298
Payables & Accruals
- -
- -
- -
ST Debt
2,007
- -
7,541
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

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

JPY

•

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

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6.23
-13.89
- -
- -
94.89
2025
- -
- -
- -
- -
73.51
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
54.25
2025
- -
- -
- -
- -
71.78
2026
- -
- -
- -
- -
- -
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Business
Noritz Corporation Noritz Corporation (5943.T) manufactures and sells household appliances and equipment, with a primary focus on hot water heating, heating ventilation and air conditioning (HVAC) systems, kitchen appliances, and related services; its core products include gas water heaters for residential and commercial use, boilers, heat pump water heaters, electric water heaters, gas cookers, electric cookers, range hoods, and water purifiers, offered through brands such as Noritz, Sakura, Dux, and PB Heat. Founded in March 1951 and headquartered in Kobe, Japan, the company operates globally across North America (USA, Canada), South America (Brazil), East Asia (China, Taiwan, Hong Kong, Macau), Southeast Asia (Thailand, Malaysia), Middle East (Israel), Oceania (Australia, New Zealand), and Europe (United Kingdom, Ireland, Netherlands, Italy), serving residential, commercial, and industrial customers with energy-efficient, environmentally friendly solutions emphasizing tankless and condensing technologies. Recent developments include the launch of the EZ PRO tankless water heater series and Hybrid Hot Series combining storage tanks with tankless units in November 2024, collaboration among Noritz America Corporation, PB Heat, LLC, and Facilities Resource Group LLC at AHR Expo 2025 in February to showcase commercial boilers and rack systems, and Noritz America joining the PHCC Partners for Professionalism program to enhance training and promotion of gas tankless products.