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An update from Noritz ( (JP:5943) ) is now available.
Noritz reported consolidated net sales of ¥202.0 billion for fiscal 2025, essentially flat year on year, while operating income surged 79.5% to ¥4.3 billion and ordinary income rose 54.9% to ¥5.5 billion, even as net income attributable to shareholders fell 23.4% to ¥3.3 billion. The performance reflects the second year of its “V-plan 26” reform strategy, aimed at shifting away from dependence on the domestic residential water heater business and diversifying overseas markets beyond China.
In the domestic segment, sales rose 2.4% to ¥136.7 billion and income jumped 55.5% to ¥2.1 billion, driven by price revisions, stronger demand for environmentally friendly and high value-added products, and improved cost ratios, with notable momentum from the new natural refrigerant hybrid water heater and premium kitchen appliances. Overseas, sales declined 5.0% to ¥65.3 billion but segment income more than doubled to ¥2.1 billion as cost controls in China, profitability in North America, strong tankless and heat pump water heater sales in Australia, and new water purifier launches in Southeast Asia improved earnings despite weaker top-line growth.
The most recent analyst rating on (JP:5943) stock is a Hold with a Yen2144.00 price target. To see the full list of analyst forecasts on Noritz stock, see the JP:5943 Stock Forecast page.
More about Noritz
Noritz Corporation is a Japanese manufacturer of water heaters and kitchen appliances, with a core focus on residential-use gas and hybrid water heaters and related systems. The company also supplies commercial water heaters and kitchen equipment, and it has expanded globally with operations in China, North America, Australia and Southeast Asia, while working to reduce reliance on the Chinese market.
Average Trading Volume: 106,846
Technical Sentiment Signal: Buy
Current Market Cap: Yen93.38B
See more insights into 5943 stock on TipRanks’ Stock Analysis page.