Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Rinnai ( (JP:5947) ) has issued an announcement.
Rinnai Corporation reported a 4.6% increase in net sales for the first quarter of the fiscal year ending March 31, 2026, reaching ¥102,749 million. Despite a slight decline in ordinary income and net income attributable to owners, the company anticipates a positive outlook for the full fiscal year with projected increases in net sales and income. The company also plans to increase its dividend per share, reflecting confidence in its financial stability and growth prospects. These results and forecasts suggest a stable position for Rinnai in the competitive home appliance market, with strategic moves like share buybacks potentially enhancing shareholder value.
The most recent analyst rating on (JP:5947) stock is a Hold with a Yen3700.00 price target. To see the full list of analyst forecasts on Rinnai stock, see the JP:5947 Stock Forecast page.
More about Rinnai
Rinnai Corporation operates in the home appliance industry, primarily focusing on manufacturing and distributing heating appliances such as water heaters and gas appliances. The company is listed on the Prime Section of the Tokyo Stock Exchange and the Premiere Section of the Nagoya Stock Exchange, indicating its significant presence in the Japanese market.
Average Trading Volume: 309,138
Technical Sentiment Signal: Buy
Current Market Cap: Yen541.8B
For detailed information about 5947 stock, go to TipRanks’ Stock Analysis page.