Rinnai Corporation Provides Consolidated Earnings Guidance for the Period Ending September 2023 and March 2024
August 04, 2023 at 02:10 am EDT
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Rinnai Corporation provided consolidated earnings guidance for the period ending September 2023 and March 2024. For the period ending September 2023, the company expects net sales of JPY 190,000 million, operating profit of JPY 10,000 million, profit attributable to owners of parent of JPY 7,500 million and basic earnings per share of JPY 51.54.
For the period ending March 2024, the company expects net sales of JPY 440,000 million, operating profit of JPY 39,000 million, profit attributable to owners of parent of JPY 25,000 million and basic earnings per share of JPY 172.96.
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 
