Rinnai Corporation Provides Consolidated Earnings Guidance for the First Half and Fiscal Year Ending March 31, 2023
August 05, 2022 at 02:00 am EDT
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Rinnai Corporation provided consolidated earnings guidance for the first half and fiscal year ending March 31, 2023. For the first half, the company expected net sales of JPY 180,000 million, operating profit of JPY 14,000 million, profit attributable to owners of parent of JPY 9,000 million and basic earnings per share of JPY 181.24.
For the fiscal year, the company expected net sales of JPY 400,000 million, operating profit of JPY 41,000 million, profit attributable to owners of parent of JPY 25,500 million and basic earnings per share of JPY 517.63.
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 
