Noritz Corporation Reports Strong Recovery in 2025 Earnings

Noritz Corporation ( (NRTZF) ) has released its Q2 earnings. Here is a breakdown of the information Noritz Corporation presented to its investors.

Noritz Corporation is a Japanese company specializing in the manufacturing of water heaters and kitchen appliances, primarily serving the residential sector with a focus on environmentally friendly products.

In the first half of 2025, Noritz Corporation reported a modest increase in net sales and a significant improvement in profitability, marking a recovery from previous losses. The company is in the second year of its Medium-Term Management Plan, aiming for sustainable growth by diversifying its market presence and enhancing product offerings.

Key financial highlights include a 2.6% increase in net sales to ¥98.5 billion and a return to operating income of ¥1.6 billion, compared to an operating loss in the previous year. Ordinary income surged by 444.7% to ¥2.2 billion, and net income attributable to shareholders reached ¥1.2 billion, reversing a loss from the prior year. The Domestic Business segment saw a 6.9% increase in sales, driven by high-value and eco-friendly products, while the Overseas Business faced challenges with a 4.8% decline in sales but achieved higher income through cost control and strong performance in certain regions.

Despite a decrease in total assets and liabilities, Noritz maintained a solid equity ratio of 60.1%. Cash flow from operating activities improved significantly, providing a robust foundation for future investments and strategic initiatives.

Looking forward, Noritz Corporation remains committed to its strategic goals under the Medium-Term Management Plan, focusing on market expansion and product innovation to drive sustainable growth and enhance corporate value.