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

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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%