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RINNAI, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 27%, Oct-Dec Ordinary Profit Increases by 6%

Wed Feb 12, 2025 2:00 pm JST Earnings

5947 RINNAI CORPORATION 【J-GAAP】

Earnings Report

RINNAI CORPORATION <5947> [TSE Prime] announced its financial results in the afternoon session on February 12th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 27.5% from the same period last year, reaching 38.8 billion yen. The progress rate toward the full-year plan of 48 billion yen was 80.9%, also surpassing the five-year average of 73.1%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to drop 41.3% from the same period last year to 9.15 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 6.2% from the same period last year, reaching 16.5 billion yen. However, the operating profit margin decreased from 13.1% in the same period last year to 11.7%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 314,093 33,688 36,487 21,423 144.9 81.9 Feb 8, 2023 J-GAAP
Apr - Dec, 2023 310,162 25,468 30,471 17,375 120.1 66.1 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 332,319 35,055 38,849 22,878 161.2 80.9 Feb 12, 2025 J-GAAP
YoY +7.1% +37.6% +27.5% +31.7% +34.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 237,492 29,242 31,161 18,765 130.0 30 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance 237,876 24,004 25,673 16,053 114.1 40 Nov 7, 2024 J-GAAP
YoY +0.2% -17.9% -17.6% -14.5% -12.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 425,229 41,418 44,565 26,096 176.9 53.33 May 10, 2023 J-GAAP
Mar, 2024 430,186 39,362 46,071 26,667 184.8 60 May 9, 2024 J-GAAP
Mar, 2025 Guidance 450,000 45,000 48,000 28,300 201.2 80 May 9, 2024 J-GAAP
YoY +4.6% +14.3% +4.2% +6.1% +8.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 117,468 15,348 15,561 9,473 65.5 13.1 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 120,024 13,894 15,600 9,292 64.4 11.6 May 9, 2024 J-GAAP
Apr - Jun, 2024 98,185 8,717 10,889 6,817 47.7 8.9 Aug 7, 2024 J-GAAP
Jul - Sep, 2024 113,939 12,279 11,438 5,430 38.1 10.8 Nov 7, 2024 J-GAAP
Oct - Dec, 2024 120,195 14,059 16,522 10,631 74.9 11.7 Feb 12, 2025 J-GAAP
YoY +2.3% -8.4% +6.2% +12.2% +14.4%

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