Financial Results of Fiscal 2024, ended March 31, 2024 Reference Data
May 9, 2024
Disclaimer
Forecasts, projections, strategies, and other forward-looking statements contained in this
document are based on information currently available to the Company and certain
assumptions that the Company believes are reasonable. Actual results may differ materially from these statements due to various risks and uncertainties. This material is
for informational purposes only and is not intended as a solicitation to trade.
©Rinnai Corporation | 2 |
Fiscal 2024 : Income Results by Segment
(Millions of yen)
Net sales | Operating income | ||
Fiscal 2023 Fiscal 2024 | YOY | Fiscal 2023 Fiscal 2024 | YOY |
change | change | ||
Japan
United States
Australia
China
South Korea
Indonesia
Others
Adjustments
Total
196,838 | 192,354 | -2% | 23,597 | 17,965 | -24% | |
55,750 | 57,875 | +4% | 313 | (1,197) | - | |
27,655 | 30,338 | +10% | 1,180 | 1,245 | +6% | |
66,150 | 71,886 | +9% | 10,569 | 12,146 | +15% | |
32,094 | 31,874 | -1% | 705 | 16 | -98% | |
16,203 | 14,913 | -8% | 2,400 | 2,745 | +14% | |
30,537 | 30,943 | +1% | 4,875 | 4,361 | -11% | |
- | - | - | (2,223) | 2,078 | - | |
425,229 | 430,186 | +1% | 41,418 | 39,362 | -5% |
©Rinnai Corporation | 3 |
Fiscal 2024 : Sales Results by Segment
(Millions of yen)
YOY | Water | YOY | Kitchen | YOY | Air | YOY | Commercial- | YOY | YOY | |||
Total | conditioning | use | Others | |||||||||
change | heaters | change | appliances | change | change | change | change | |||||
appliances | equipment | |||||||||||
Japan | 192,354 | -2% | 98,467 | -5% | 58,011 | +2% | 6,431 | -4% | 2,286 | +9% | 27,156 | -1% |
United States | 57,875 | +4% | 51,166 | +1% | 3,213 | +16% | 354 | +36% | 3,140 | +45% | ||
Australia | 30,338 | +10% | 15,679 | +16% | 10,400 | +1% | 1,973 | +30% | 2,285 | +2% | ||
China | 71,886 | +9% | 66,467 | +12% | 3,792 | -23% | 1,626 | -3% | ||||
South Korea | 31,874 | -1% | 15,438 | -3% | 7,175 | -1% | 4,651 | +3% | 4,608 | +3% | ||
Indonesia | 14,913 | -8% | 151 | +41% | 12,669 | -8% | 1,513 | -17% | 579 | +13% | ||
Others | 30,943 | +1% | 16,468 | +6% | 8,846 | +1% | 1,700 | -21% | 433 | +15% | 3,495 | -5% |
Total | 430,186 | +1% | 263,839 | +2% | 90,495 | -1% | 21,746 | -1% | 11,212 | +5% | 42,891 | +2% |
©Rinnai Corporation | 4 |
Fiscal 2024 :
Main Overseas Consolidated Subsidiaries Income Results
- Millions of yen)
Net sales | YOY | Operating | %of net | Ordinary | %of net | Net income |
change | income | sales | income | sales | ||
%of net sales
Rinnai America | 57,875 | +4% | (1,197) | -2.1% | (1,767) | -3.1% | (1,229) | -2.1% |
Rinnai Australia | 30,428 | +10% | 1,224 | 4.0% | 1,484 | 4.9% | 1,056 | 3.5% |
Shanghai Rinnai | 67,904 | +6% | 10,837 | 16.0% | 12,879 | 19.0% | 11,249 | 16.6% |
Rinnai Korea | 29,860 | -3% | 341 | 1.1% | 687 | 2.3% | 535 | 1.8% |
Rinnai Indonesia | 15,408 | -9% | 2,746 | 17.8% | 3,094 | 20.1% | 2,487 | 16.1% |
©Rinnai Corporation | 5 |
Fiscal 2024 :
Main Overseas Consolidated Subsidiaries Sales Results
- Millions of yen)
Total
YOY | Water | YOY | Kitchen | YOY | Air | YOY | Commercial- | YOY |
conditioning | use | |||||||
change | heaters | change | appliances | change | change | change | ||
appliances | equipment | |||||||
YOY
Others change
Rinnai America
Rinnai Australia
Shanghai Rinnai
Rinnai Korea
Rinnai Indonesia
+4% | ||||||||||
57,875 | 51,166 | +1% | 3,213 | +16% | 354 | +36% | 3,140 | +45% | ||
(-3% ) | ||||||||||
+10% | ||||||||||
30,428 | 15,682 | +16% | 10,462 | +1% | 1,974 | +30% | 2,309 | +1% | ||
(+6% ) | ||||||||||
+6% | ||||||||||
67,904 | 62,836 | +9% | 3,470 | -26% | 1,597 | -18% | ||||
(+3% ) | ||||||||||
-3% | ||||||||||
29,860 | 16,033 | -4% | 7,175 | -1% | 21 | - | 4,753 | +3% | 1,876 | -15% |
(-9% ) | ||||||||||
-9% | ||||||||||
15,408 | 159 | +49% | 13,079 | -10% | 1,560 | -17% | 608 | +12% | ||
(-13% ) |
Note:( on a local currency basis)
©Rinnai Corporation | 6 |
Overseas Consolidated Subsidiaries: FX Impact
*Below shows difference between actual Fiscal 2024 local-currency results and results if previous year's exchange rates were used.
FX impact: ¥ millions
Rate: ¥
Rinnai America
Rinnai Australia
Shanghai Rinnai
Rinnai Korea
Rinnai Indonesia
Others
Total
FY2023 | FY2024 | FY2024 | Composition | ||
FX impact | Currency | of overseas | |||
avg. rate | avg. rate | assumed rate | |||
sales | |||||
4,024 | USD | 130.772 | 140.545 | 130.000 | 24.3% |
892 | AUD | 90.586 | 93.330 | 90.000 | 12.8% |
1,335 | RMB | 19.385 | 19.803 | 19.000 | 26.6% |
1,638 | KRW | 0.1018 | 0.1079 | 0.1040 | 12.2% |
661 | IDR | 0.00884 | 0.00925 | 0.00870 | 6.3% |
2,152 | 17.9% | ||||
10,702 | 100.0% |
©Rinnai Corporation | 7 |
Fiscal 2024 :
Consolidated Capital Expenditures, Depreciation and R&D Expenses
Capital
Expenditures
( Millions of yen) | ||||
FY2023 Results | FY2024 Results | |||
Investment | Depreciation | Investment | Depreciation | |
Parent company | 14,934 | 6,397 | 29,678 | 6,959 |
Domestic subsidiaries | 1,941 | 2,083 | 1,158 | 2,111 |
Oversea subsidiaries | 9,646 | 4,797 | 10,277 | 5,719 |
Total | 26,521 | 13,278 | 41,114 | 14,790 |
(Including die and mold) | 3,847 | 3,428 | 3,460 | 3,639 |
R&D Expenses
FY2023 Results | FY2024 Results | |
Parent Company | 8,104 | 8,773 |
Consolidated subsidiaries | 5,353 | 5,529 |
Total | 13,458 | 14,302 |
©Rinnai Corporation | 8 |
Fiscal 2024 : Nonconsolidated Sales Results
Domestic Sales + Export
Sales Volume | Sales Amount | FY2023 | |||
Thousand | YOY | Millions | YOY | Sales Volume | Sales Amount |
Units | change | of Yen | change | (Thousand Units) | (Millions of yen) |
Water heaters
Kitchen
appliances
Air conditioning
appliances
Simple hot-water units [Heating units] Bath-filling units [Heating units] Hot-water/heating systems [Heating units]
Others
Sub-total
Cooking stoves Built-in gas stoves Others
Sub-total
Fan heaters Others
Sub-total
942 | -27% | 40,107 | -31% | 1,291 | 57,848 | ||
[37,364] | -32% | [55,138] | |||||
417 | -25% | 31,593 | -16% | 558 | 37,733 | ||
[28,883] | -17% | [34,899] | |||||
211 | -19% | 40,924 | -3% | 261 | 42,404 | ||
[21,850] | -13% | [25,008] | |||||
148 | -9% | 5,679 | +5% | 161 | 5,418 | ||
1,719 | -24% | 118,304 | -18% | 2,273 | 143,405 | ||
753 | -8% | 11,820 | -1% | 816 | 11,908 | ||
618 | -6% | 28,117 | -1% | 654 | 28,342 | ||
461 | -2% | 17,739 | +6% | 471 | 16,694 | ||
1,832 | -6% | 57,677 | +1% | 1,942 | 56,945 | ||
170 | -23% | 3,976 | -19% | 219 | 4,916 | ||
45 | -34% | 3,218 | -32% | 67 | 4,708 | ||
215 | -25% | 7,195 | -25% | 287 | 9,625 |
Commercial-use equipment Others
Total
Export
66 | +8% | 2,767 | +12% | 61 | 2,470 |
111 | -4% | 24,581 | -18% | 115 | 29,995 |
3,946 | -16% | 210,525 | -13% | 4,680 | 242,442 |
[987] | -27% | [38,242] | -41% | [1,344] | [65,298] |
Note:Hybrid Hot-Water Unit is included in "Hot-water/heating systems" | ©Rinnai Corporation | 9 |
Fiscal 2024 : Nonconsolidated Sales Results
Domestic Sales (excluding Export)
Sales Volume | Sales Amount | FY2023 | |||
Thousand | YOY | Millions | YOY | Sales Volume | Sales Amount |
Units | change | of Yen | change | (Thousand Units) | (Millions of yen) |
Water heaters
Kitchen
appliances
Air conditioning appliances
Commercial-use equipment
Others
Total
Simple hot-water units | 335 | -20% | 14,543 | -5% | 420 | 15,361 | ||
[Heating units] | [12,161] | -7% | [13,083] | |||||
Bath-filling units | 417 | -25% | 31,585 | -16% | 558 | 37,718 | ||
[Heating units] | [28,883] | -17% | [34,899] | |||||
Hot-water/heating systems | 201 | -16% | 39,822 | -0% | 240 | 39,904 | ||
[Heating units] | [20,774] | -8% | [22,542] | |||||
Others | 148 | -9% | 5,676 | +5% | 161 | 5,411 | ||
Sub-total | 1,102 | -20% | 91,626 | -7% | 1,381 | 98,396 | ||
Cooking stoves | 565 | -6% | 9,757 | +1% | 603 | 9,627 | ||
Built-in gas stoves | 571 | -4% | 26,809 | -1% | 594 | 26,953 | ||
Others | 384 | -1% | 17,234 | +7% | 388 | 16,116 | ||
Sub-total | 1,521 | -4% | 53,801 | +2% | 1,587 | 52,697 | ||
Fan heaters | 164 | -15% | 3,793 | -6% | 192 | 4,056 | ||
Others | 30 -10% | 2,267 | +0% | 33 | 2,260 | |||
Sub-total | 194 | -14% | 6,061 | -4% | 226 | 6,317 | ||
40 | +7% | 2,071 | +9% | 37 | 1,902 | |||
100 | -3% | 18,722 | +5% | 102 | 17,829 | |||
2,958 | -11% | 172,283 | -3% | 3,335 | 177,144 |
Note:Hybrid Hot-Water Unit is included in "Hot-water/heating systems" | ©Rinnai Corporation | 10 |
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Rinnai Corporation published this content on 08 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 May 2024 02:00:05 UTC.