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Noritz Corporation (5943.T)

JPY2,341.00 +26.00 (+1.12%)
JP JPX Industrials Construction
Address Eiko Building 650-0033
Kobe, JP
CEO Masayuki Takenaka
IPO 2001-01-01
ISIN JP3759400009

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Also trades on Other OTC · NRTZF (USD) Tokyo Stock Exchange · 5943.T (JPY)
Description

Noritz Corporation operates on a global scale, focusing on the design, production, and distribution of residential appliances and associated support services. Its extensive portfolio encompasses heating, ventilation, and air conditioning (HVAC) solutions such as water heaters, hydronic heating systems, gas-powered fan heaters, co-generation systems, specialized water storage units for fuel cells, solar water heaters, and industrial photovoltaic power generation systems. For kitchens, the company supplies built-in and countertop gas cookers, gas ovens, and extractor hoods. Beyond its product lines, Noritz provides a range of services including repairs, installation, post-purchase customer support, and inspections for safety and regulatory compliance. Established in 1951, the corporation's main offices are located in Kobe, Japan.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
JPY2,341.00 +26.00 (+1.12%)
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Volume Profile
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Liquidity & share structure
Average Volume
96.4K
Beta
0.33
Float Shares
26.16M
Free Float %
57.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.14% +0.04% +1.97% +1.51% +31.17% +20.26% +28.33% +34.29% +42.40% +23.25% +165.36%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
2,341.00
DCF (Unlevered) 1,375.41 -41.2%
DCF (Levered) 1,196.60 -48.9%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 0% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 1 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.38
Grey zone
Piotroski F-Score
5 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
3 / 5
Medium
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Construction: +2.5%
    -0.1% Q1'26: -2.3% (vs Q1'25)
  • EPS growth Construction: +11.1%
    -22.5% Q1'26: +215.2% (vs Q1'25)
  • FCF margin FCF growth · Construction: +30.9%
    +0.9% Q1'26: +0.0% (vs Q1'25)
  • EBIT margin Construction: +8.5%
    +2.1% Q1'26: +3.3% (vs Q1'25)
  • ROIC Construction: +6.4%
    +2.2% Q1'26: +4.2% (vs Q1'25)
  • Share dilution Construction: +0.4%
    -1.1% Q1'26: -1.1% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Construction: 0.05×
    0.51× Q1'26: 0.44× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.37) × ERP
WACC = 95% × Ke + 5% × Kd (4.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 1,375.95 Current price: 2,341.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Dec 2027
1 Rev. Ana.
1 EPS Ana.
Dec 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
218.91B
est: 223.00B (-1.8%)
211.87B
est: 212.00B (-0.1%)
214.65B
est: 212.20B (+1.2%)
209.87B
est: 205.80B (+2.0%)
208.40B
est: 207.85B (+0.3%)
183.86B
est: 182.95B (+0.5%)
178.14B
est: 179.50B (-0.8%)
210.97B
est: 212.90B (-0.9%)
201.89B
est: 203.00B (-0.5%)
202.20B
est: 200.00B (+1.1%)
202.05B
est: 202.40B (-0.2%)
210.00B
210.00B – 210.00B
+3.8% YoY
211.40B
211.40B – 211.40B
+0.7% YoY
212.50B
212.50B – 212.50B
+0.5% YoY
EBITDA
12.80B
est: 13.52B (-5.4%)
15.93B
est: 12.85B (+23.9%)
14.89B
est: 12.87B (+15.7%)
11.51B
est: 12.48B (-7.8%)
9.92B
est: 12.60B (-21.3%)
11.89B
est: 11.09B (+7.2%)
8.89B
est: 10.88B (-18.3%)
13.78B
est: 12.91B (+6.8%)
11.60B
est: 12.31B (-5.8%)
10.34B
est: 12.96B (-20.2%)
12.31B
est: 13.12B (-6.1%)
13.61B
13.61B – 13.61B
+3.8% YoY
13.70B
13.70B – 13.70B
+0.7% YoY
13.77B
13.77B – 13.77B
+0.5% YoY
EBIT
5.00B
est: 5.27B (-5.2%)
8.94B
est: 5.01B (+78.4%)
6.71B
est: 5.02B (+33.7%)
4.81B
est: 4.87B (-1.1%)
2.58B
est: 4.91B (-47.4%)
4.76B
est: 4.32B (+10.2%)
2.50B
est: 4.24B (-41.1%)
6.89B
est: 5.03B (+36.9%)
3.84B
est: 4.80B (-20.0%)
2.40B
est: 3.95B (-39.4%)
4.30B
est: 4.00B (+7.5%)
4.15B
4.15B – 4.15B
+3.8% YoY
4.18B
4.18B – 4.18B
+0.7% YoY
4.20B
4.20B – 4.20B
+0.5% YoY
Net Income
-3.96B
est: 351.69M (-1,225.4%)
4.65B
est: 2.60B (+78.9%)
5.40B
est: 5.32B (+1.6%)
5.78B
est: 3.19B (+81.0%)
1.51B
est: 1.66B (-9.0%)
-3.01B
est: -3.67B (+18.0%)
5.48B
est: 5.63B (-2.7%)
4.80B
est: 5.93B (-19.1%)
869.00M
est: 3.32B (-73.8%)
4.38B
est: 4.06B (+7.8%)
3.36B
est: 2.52B (+33.1%)
8.15B
8.15B – 8.15B
+222.9% YoY
4.69B
4.69B – 4.69B
-42.5% YoY
3.46B
3.46B – 3.46B
-26.1% YoY
SGA
60.28B
est: 61.63B (-2.2%)
54.39B
est: 58.59B (-7.2%)
56.93B
est: 58.64B (-2.9%)
55.42B
est: 56.88B (-2.6%)
55.56B
est: 57.44B (-3.3%)
47.36B
est: 50.56B (-6.3%)
49.28B
est: 49.61B (-0.7%)
54.66B
est: 58.84B (-7.1%)
54.65B
est: 56.10B (-2.6%)
55.19B
est: 54.94B (+0.5%)
59.40B
est: 55.59B (+6.8%)
57.68B
57.68B – 57.68B
+3.8% YoY
58.07B
58.07B – 58.07B
+0.7% YoY
58.37B
58.37B – 58.37B
+0.5% YoY
EPS
-82.77
est: 7.60 (-1,188.7%)
97.34
est: 56.25 (+73.0%)
112.98
est: 114.93 (-1.7%)
120.86
est: 69.00 (+75.2%)
31.75
est: 35.90 (-11.6%)
-64.78
est: -79.40 (+18.4%)
119.12
est: 121.80 (-2.2%)
104.63
est: 128.30 (-18.4%)
18.82
est: 71.74 (-73.8%)
94.89
est: 88.88 (+6.8%)
73.49
est: 55.18 (+33.2%)
178.20
178.20 – 178.20
+222.9% YoY
102.46
102.46 – 102.46
-42.5% YoY
75.73
75.73 – 75.73
-26.1% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-15 A- 4/5 3/5 3/5 4/5 3/5 3/5 4/5
2026-05-14 B+ 3/5 3/5 2/5 3/5 3/5 2/5 5/5
2026-05-13 B+ 3/5 3/5 2/5 3/5 3/5 2/5 5/5
2026-05-12 B+ 3/5 3/5 2/5 3/5 3/5 2/5 5/5
2026-05-11 B+ 3/5 3/5 2/5 3/5 3/5 2/5 5/5
2026-05-08 B+ 3/5 3/5 2/5 3/5 3/5 2/5 5/5
2026-05-07 B+ 3/5 3/5 2/5 3/5 3/5 2/5 5/5
2026-05-01 B+ 3/5 3/5 2/5 3/5 3/5 3/5 5/5
2026-04-30 B+ 3/5 3/5 2/5 3/5 3/5 3/5 5/5
2026-04-28 B+ 3/5 3/5 2/5 4/5 3/5 2/5 5/5
2026-04-27 B+ 3/5 3/5 2/5 4/5 2/5 2/5 5/5
2026-04-24 B+ 3/5 3/5 2/5 4/5 2/5 2/5 5/5
2026-04-23 B+ 3/5 3/5 2/5 4/5 2/5 2/5 5/5
2026-04-22 B+ 3/5 3/5 2/5 4/5 2/5 2/5 5/5
2026-04-21 B+ 3/5 3/5 2/5 4/5 2/5 2/5 5/5
2026-04-20 B+ 3/5 3/5 2/5 4/5 2/5 2/5 5/5
2026-04-17 B+ 3/5 3/5 2/5 4/5 2/5 2/5 5/5
2026-04-16 B+ 3/5 3/5 2/5 4/5 2/5 2/5 5/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-1.12B
OE per share TTM
-24.29
Owner's Yield
-1.00%
Maintenance CapEx ratio
34.03%
Maint CapEx / Avg PPE
17.6%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 66 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 WisdomTree Japan SmallCap Dividend Fund DFJ 0.11% 431.1K 0.58%
2 Dimensional - International Small Cap Value ETF DISV 0.07% 3.16M 0.42%
3 iShares International Developed Small Cap Value Factor ETF ISVL 0.06% 176.9K 0.31%
4 iShares MSCI Japan Small Cap UCITS ETF IDJP.L 0.03% 197.3K 0.58%
5 State Street SPDR S&P International Small Cap ETF GWX 0.03% 265.7K 0.40%
6 WisdomTree Japan Hedged Equity Fund DXJ 0.03% 2.09M 0.48%
7 WisdomTree Japan Equity UCITS ETF - CHF Hedged Acc DXJD.SW 0.03% 271.5K 0.45%
8 WisdomTree Japan Equity UCITS ETF - USD Hedged Acc DXJA.L 0.03% 219.9K 0.48%
9 WisdomTree Japan Equity UCITS ETF - USD Acc DXJZ.L 0.03% 219.9K 0.40%
10 WisdomTree Japan Equity UCITS ETF DXJ.L 0.03% 219.9K 0.48%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
701.9K
Shares Outstanding
45.72M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Atsushi Yoshimoto Senior Managing Executive Officer, GM of Products Management Headquarters & Director female
Eiichi Kishi Managing Executive Officer & Head of Corporate Planning Headquarters
Hidenari Ikeda Senior Managing Executive Officer, Head of Domestic Business Headquarters & Director male
Jyunya Makita Senior Executive Officer & Head of Kitchen Business Promotion HQ, Domestic Business HQ
Katsuhiro Kusunoki Senior Executive Officer
Kazuhiro Takii Managing Executive Officer & GM of Sales Division, Domestic Business Headquarters
Masayuki Takenaka President & Representative Director male
Takashi Inoue Managing Executive Officer
Takeshi Yoshida Managing Executive Officer & GM of Production Headquarters, Products Management Headquarters
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits