RinnaiRINNAI CORPORATION5947東証プライム金属製品FY ending Mar 2026, consolidated, J-GAAP

Rinnai FY ending Mar 2026 results

About 44% of Rinnai's sales come from Japan, with America and China making up much of the rest.

Out of every ¥100 of sales, about ¥11 is left as operating profit.

Revenue changed +2.2% from the prior year, operating profit +9.8%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +2.2% · profit +9.8%, calculated from disclosed figures.

Operating leverage: 4.50× (profit growth ÷ revenue growth)

FY ending Mar 2025 → FY ending Mar 2026

Revenue for the FY ending Mar 2026 was ¥470.4B, up 2.2% from ¥460.3B the year before.
Operating income reached ¥50.5B (up 9.8%) and net income ¥36.2B (up 21.8%), growing faster than sales.
Cash generation weakened, though: operating cash flow fell 14.3% to ¥49.3B, and free cash flow fell 15.2% to ¥34B.

In Japan, hybrid water heaters, gas clothes dryers, and fine-bubble bath products sold well.
Higher sales and cost-cutting lifted operating income despite rising material costs and tariffs.
In Australia, heat pump water heaters sold well and recently acquired companies added to profit.
In China, weak consumer spending cut unit sales.
Foreign exchange gains also boosted net income. Operating cash flow fell partly because trade payables and warranty reserves went down.

Higher prices for steel, copper, brass, and aluminum could raise production costs and cut profit.
Because overseas sales are large, a stronger yen, especially against the dollar and yuan, would weigh on results.
The push toward decarbonization could lead to rules that restrict making or selling products that burn fossil fuels such as gas.

Annual securities report (FY ending Mar 2026) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual securities report (FY ending Mar 2026) / 事業等のリスク

FY ending Mar 2025 → FY ending Mar 2026

For every ¥100 Rinnai sells, how much goes where, and how much is kept.

FY ending Mar 2026

Gross margin34.8%

Operating margin10.7%

Net margin7.7%

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

※ Segment figures include inter-segment sales and do not sum to the company total

Show source documents (6)

EDINET (FSA Japan)
有価証券報告書－第76期(2025/04/01－2026/03/31)
ID S100YJCU2026-06-25Open
EDINET (FSA Japan)
有価証券報告書－第75期(2024/04/01－2025/03/31)
ID S100W18P2025-06-24Open
EDINET (FSA Japan)
有価証券報告書－第74期(2023/04/01－2024/03/31)
ID S100TQUE2024-06-27Open
EDINET (FSA Japan)
有価証券報告書－第73期(2022/04/01－2023/03/31)
ID S100R0HV2023-06-29Open
EDINET (FSA Japan)
有価証券報告書－第72期(令和3年4月1日－令和4年3月31日)
ID S100OBSR2022-06-29Open
EDINET (FSA Japan)
有価証券報告書－第71期(令和2年4月1日－令和3年3月31日)
ID S100LMIM2021-06-29Open

Extracted from XBRL: 53 / Derived from other figures: 1

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