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Rinnai Corporation (5947.T)

JPY3,582.00 -39.00 (-1.08%)
JP JPX Consumer Cyclical Furnishings, Fixtures & Appliances
Address 2-26, Fukuzumi-cho 454-0802
Nagoya, JP
CEO Hiroyasu Naito
IPO 2001-01-01
ISIN JP3977400005

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Also trades on Other OTC · RINIF (USD) Other OTC · RINIY (USD) Tokyo Stock Exchange · 5947.T (JPY)
Description

Rinnai Corporation, established in Nagoya, Japan in 1920 (and known as Rinnai & Co. until its name change in 1971), is a global leader in the development, manufacturing, and sales of a wide array of heating and kitchen appliances. The company distributes its products under the Rinnai brand across Japan, the United States, Australia, China, South Korea, Indonesia, and numerous other international markets. Its extensive product portfolio includes advanced water heating solutions, such as tankless, hybrid, and hot water units designed for bath-filling and general heating systems. For the kitchen, Rinnai offers built-in hobs, tabletop cookers, ovens, dishwashers, range hoods, and rice cookers. The company also produces various air conditioning appliances, including fan heaters, fanned flue heaters, fan-forced heaters, and infrared heaters. Furthermore, Rinnai caters to commercial clients with specialized equipment like ceramic grillers, professional-grade ranges, and large-capacity rice cookers. Additional offerings comprise clothes dryers, infrared burners, and various components.

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
JPY3,582.00 -39.00 (-1.08%)
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Volume Profile
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Liquidity & share structure
Average Volume
449.5K
Beta
0.45
Float Shares
89.84M
Free Float %
65.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.45% -8.92% -9.09% -16.41% -11.48% -15.87% -6.56% +0.63% -4.61% +7.84% +340.31%
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
3,582.00
DCF (Unlevered) 2,530.88 -29.3%
DCF (Levered) 3,826.96 +6.8%
Ratings Trend (MoM) 75% Bullish
Rating 2026-05 Change
Strong Buy 4 0
Buy 2 0
Hold 2 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
4.03
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
3 / 5
Medium
ROE Score
3 / 5
Medium
ROA Score
5 / 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 Furnishings, Fixtures & Appliances: +4.8%
    +7.0% Q1'26: +2.3% (vs Q1'25)
  • EPS growth Furnishings, Fixtures & Appliances: +8.9%
    +13.5% Q1'26: +28.9% (vs Q1'25)
  • FCF margin Furnishings, Fixtures & Appliances: +7.8%
    +7.7% Q1'26: +0.0% (vs Q1'25)
  • EBIT margin Furnishings, Fixtures & Appliances: +7.5%
    +9.9% Q1'26: +10.2% (vs Q1'25)
  • ROIC Furnishings, Fixtures & Appliances: +8.2%
    +11.7% Q1'26: +11.8% (vs Q1'25)
  • Share dilution Furnishings, Fixtures & Appliances: +0.0%
    -1.9% Q1'26: -1.8% (vs Q1'25)
  • Debt / EBITDA Furnishings, Fixtures & Appliances: -0.13×
    0.06× Q1'26: 0.18× (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 (0.46) × ERP
WACC = 99% × Ke + 1% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 2,530.88 Current price: 3,582.00
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 Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
7 Rev. Ana.
8 EPS Ana.
Mar 2027
7 Rev. Ana.
7 EPS Ana.
Mar 2028
7 Rev. Ana.
7 EPS Ana.
Mar 2029
3 Rev. Ana.
3 EPS Ana.
Mar 2030
1 Rev. Ana.
1 EPS Ana.
Revenue
295.02B
est: 293.20B (+0.6%)
319.94B
est: 320.93B (-0.3%)
330.26B
est: 327.76B (+0.8%)
347.07B
est: 340.04B (+2.1%)
348.02B
est: 348.87B (-0.2%)
340.46B
est: 341.62B (-0.3%)
344.36B
est: 340.34B (+1.2%)
366.19B
est: 368.97B (-0.8%)
425.23B
est: 424.13B (+0.3%)
430.19B
est: 438.52B (-1.9%)
460.32B
est: 457.72B (+0.6%)
471.04B
463.30B – 476.50B
+2.9% YoY
497.33B
465.87B – 535.83B
+5.6% YoY
516.61B
492.77B – 528.68B
+3.9% YoY
539.28B
539.15B – 539.40B
+4.4% YoY
536.00B
506.73B – 562.83B
-0.6% YoY
EBITDA
40.53B
est: 42.20B (-4.0%)
45.19B
est: 46.19B (-2.2%)
44.73B
est: 47.17B (-5.2%)
44.65B
est: 48.94B (-8.8%)
43.25B
est: 50.21B (-13.9%)
46.90B
est: 49.17B (-4.6%)
52.27B
est: 48.99B (+6.7%)
47.70B
est: 53.11B (-10.2%)
54.78B
est: 61.05B (-10.3%)
53.91B
est: 65.55B (-17.8%)
61.13B
est: 68.42B (-10.6%)
70.41B
69.25B – 71.22B
+2.9% YoY
74.34B
69.63B – 80.09B
+5.6% YoY
77.22B
73.66B – 79.02B
+3.9% YoY
80.61B
80.59B – 80.62B
+4.4% YoY
80.12B
75.74B – 84.13B
-0.6% YoY
EBIT
30.55B
est: 32.53B (-6.1%)
34.59B
est: 35.61B (-2.9%)
34.06B
est: 36.37B (-6.4%)
32.85B
est: 37.73B (-12.9%)
30.88B
est: 38.71B (-20.2%)
34.42B
est: 37.91B (-9.2%)
40.69B
est: 37.77B (+7.7%)
35.87B
est: 40.94B (-12.4%)
41.42B
est: 47.06B (-12.0%)
39.03B
est: 51.15B (-23.7%)
45.67B
est: 53.39B (-14.5%)
54.94B
54.04B – 55.58B
+2.9% YoY
58.01B
54.34B – 62.50B
+5.6% YoY
60.26B
57.48B – 61.67B
+3.9% YoY
62.90B
62.89B – 62.92B
+4.4% YoY
62.52B
59.11B – 65.65B
-0.6% YoY
Net Income
20.65B
est: 18.23B (+13.2%)
22.71B
est: 21.20B (+7.1%)
22.32B
est: 19.95B (+11.9%)
21.19B
est: 20.75B (+2.2%)
20.48B
est: 18.12B (+13.0%)
21.56B
est: 19.20B (+12.3%)
27.58B
est: 23.98B (+15.0%)
23.75B
est: 22.15B (+7.2%)
26.10B
est: 27.33B (-4.5%)
26.67B
est: 30.20B (-11.7%)
29.69B
est: 29.50B (+0.7%)
34.72B
32.70B – 35.90B
+17.7% YoY
35.07B
33.46B – 36.71B
+1.0% YoY
37.78B
35.59B – 40.67B
+7.7% YoY
41.05B
39.38B – 44.64B
+8.6% YoY
46.33B
43.05B – 49.35B
+12.9% YoY
SGA
48.12B
est: 26.90B (+78.9%)
55.18B
est: 29.45B (+87.4%)
60.10B
est: 30.07B (+99.8%)
63.01B
est: 31.20B (+101.9%)
65.69B
est: 32.01B (+105.2%)
62.74B
est: 31.34B (+100.2%)
56.68B
est: 31.23B (+81.5%)
61.30B
est: 33.85B (+81.1%)
75.44B
est: 38.92B (+93.9%)
75.73B
est: 80.82B (-6.3%)
83.12B
est: 84.36B (-1.5%)
86.81B
85.39B – 87.82B
+2.9% YoY
91.66B
85.86B – 98.75B
+5.6% YoY
95.21B
90.82B – 97.44B
+3.9% YoY
99.39B
99.37B – 99.41B
+4.4% YoY
98.79B
93.39B – 103.73B
-0.6% YoY
EPS
132.34
est: 128.76 (+2.8%)
145.57
est: 149.74 (-2.8%)
143.08
est: 140.88 (+1.6%)
136.80
est: 146.49 (-6.6%)
132.81
est: 127.95 (+3.8%)
139.83
est: 135.59 (+3.1%)
178.87
est: 169.33 (+5.6%)
156.79
est: 156.40 (+0.3%)
176.91
est: 191.22 (-7.5%)
184.75
est: 210.42 (-12.2%)
209.66
est: 211.96 (-1.1%)
251.01
235.09 – 258.10
+18.4% YoY
254.05
240.56 – 263.91
+1.2% YoY
275.63
255.84 – 292.38
+8.5% YoY
301.12
283.12 – 320.93
+9.2% YoY
333.10
309.46 – 354.77
+10.6% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 A- 4/5 3/5 3/5 5/5 3/5 3/5 4/5
2026-05-11 A- 4/5 3/5 3/5 5/5 3/5 3/5 4/5
2026-05-08 A- 4/5 3/5 3/5 5/5 3/5 3/5 4/5
2026-05-07 A- 4/5 3/5 3/5 5/5 3/5 3/5 4/5
2026-05-01 A- 4/5 3/5 3/5 5/5 2/5 3/5 4/5
2026-04-30 A- 4/5 3/5 3/5 5/5 2/5 3/5 4/5
2026-04-28 A- 4/5 3/5 3/5 5/5 2/5 3/5 4/5
2026-04-27 A- 4/5 3/5 3/5 5/5 2/5 3/5 4/5
2026-04-24 A- 4/5 3/5 3/5 5/5 2/5 3/5 4/5
2026-04-23 A- 4/5 3/5 3/5 5/5 2/5 3/5 4/5
2026-04-22 A- 4/5 3/5 3/5 5/5 2/5 3/5 4/5
2026-04-21 A- 4/5 3/5 3/5 5/5 2/5 3/5 4/5
2026-04-20 A- 4/5 3/5 3/5 5/5 2/5 3/5 4/5
2026-04-17 A- 4/5 3/5 3/5 5/5 2/5 3/5 4/5
2026-04-16 A- 4/5 3/5 3/5 5/5 2/5 3/5 4/5
2026-04-15 A- 4/5 3/5 3/5 5/5 2/5 3/5 4/5
2026-04-14 A- 4/5 3/5 3/5 5/5 2/5 3/5 4/5
2026-04-13 A- 4/5 3/5 3/5 5/5 2/5 3/5 4/5
2026-04-10 A- 4/5 3/5 3/5 5/5 2/5 3/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
7.64B
OE per share TTM
53.83
Owner's Yield
1.62%
Maintenance CapEx ratio
19.62%
Maint CapEx / Avg PPE
28.5%

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.

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
4.64M
Shares Outstanding
138.08M

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
Hiroyasu Naito President, Executive President & Representative Director 114M male
Hayao Nishizawa Managing Executive Officer, Chief of Overseas Business HQ, GM of Group 2 Sales & Marketing Division
Hideyuki Shiraki Senior Managing Executive Officer, Chief of Marketing, Sales Officer & Director male
Hirohisa Ooi Senior Managing Executive Officer & Chief of Corporate Planning Headquarters
Hiroyuki Hoyano Senior Exec. Officer, Branch Office Mgr of Kanto Branch Office & Head of Mktg. & Sales HQ
Kazuto Inoue Senior Managing Executive Officer, Chief of Produ Headq & Director male
Keiichi Wintertani Exec. Officer, Chief of Quality Assurance Headquarters & GM of Quality Assurance Division
Kenji Endo Managing Exe. Off., Chief of Research & Development Headquarters
Takuya Ogawa Managing Executive Officer & Chief of Corporate Administration Headquarters male
Tsunenori Narita Executive Vice President, President's Assistant & Representative Director male
Yasunobu Takemoto Exe. Off., Deputy Chief of Research & Dev. Head. & GM of Technology Development Division
Chuji Nakashima Managing Executive Officer & Chief of Quality Assurance 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