Rinnai Corporation Announces Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2014; Provides Earnings Guidance for the Half Year of Fiscal 2015 and Fiscal Year Ending March 31, 2015; Announces Dividend for the Year Ended March 31, 2014, Payable on June 30, 2014; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2015; to Appoint Nobuyuki Matsui as Director on June 27, 2014
May 08, 2014
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Rinnai Corporation announced consolidated and non-consolidated earnings results for the year ended March 31, 2014. For the year, on consolidated basis, the company reported net sales of JPY 286,981 million against JPY 251,832 million a year ago. Operating income was JPY 34,018 million against JPY 26,351 million a year ago. Ordinary income was JPY 36,910 million against JPY 29,064 million a year ago. Net income was JPY 23,254 million against JPY 19,371 million a year ago. Net income per share was JPY 454.74 against JPY 394.86 a year ago. Income before income taxes was JPY 37,034 million against JPY 29,509 million a year ago. Cash flows from operating activities were JPY 36,453 million against JPY 22,872 million a year ago. Purchases of tangible fixed assets were JPY 12,477 million against JPY 8,189 million a year ago. Purchases of intangible fixed assets were JPY 402 million against JPY 404 million a year ago.
For the year, on non-consolidated basis, the company reported net sales of JPY 205,598 million against JPY 188,559 million a year ago. Operating income was JPY 24,278 million against JPY 18,066 million a year ago. Ordinary income was JPY 27,138 million against JPY 19,911 million a year ago. Net income was JPY 18,176 million against JPY 12,804 million a year ago. Net income per share was JPY 355.43 against JPY 261.01 a year ago. Income before income taxes was JPY 27,503 million against JPY 19,609 million a year ago.
For the year ended March 31, 2014, the company announced fiscal year-end dividend of JPY 36.00 per share against JPY 30.00 per share a year ago. Full year dividend is JPY 68.00 per share against JPY 60.00 per share a year ago. Anticipated date to begin distributing dividends is June 30, 2014.
For the fiscal year ending March 31, 2015, the company expects interim dividend of JPY 38.00 per share, fiscal year-end dividend of JPY 38.00 per share and full year dividend of JPY 76.00 per share.
For the half year of fiscal 2015, the company expects net sales of JPY 142,000 million, operating income of JPY 14,500 million, ordinary income of JPY 15,000 million, net income of JPY 9,500 million and net income per share of JPY 182.67.
For the fiscal year ending March 31, 2015, the company expects net sales of JPY 313,000 million, operating income of JPY 36,500 million, ordinary income of JPY 37,800 million, net income of JPY 23,800 million and net income per share of JPY 457.64.
The company will appoint Nobuyuki Matsui, currently Project Professor, CHUBU University, as director on June 27, 2014.
RINNAI CORPORATION is a Japan-based company engaged in the manufacture and sale of heating appliances and components. The products and components are manufactured by the company and affiliated companies. In the domestic market, the Company sells directly to customers such as city gas companies, propane fuel sales companies, housing equipment manufacturers, house manufacturers, pipe building material sales companies. The Company manufactures and sells at overseas subsidiaries and affiliates. The Company operates in six businesses, including Japan, the United States, Australia, China, Korea, and Indonesia.
Rinnai Corporation Announces Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2014; Provides Earnings Guidance for the Half Year of Fiscal 2015 and Fiscal Year Ending March 31, 2015; Announces Dividend for the Year Ended March 31, 2014, Payable on June 30, 2014; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2015; to Appoint Nobuyuki Matsui as Director on June 27, 2014
RINNAI CORPORATION 
