Rinnai Income Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	470,392	460,319	430,186	425,229	366,185
Revenue Growth (YoY)	2.19%	7.00%	1.17%	16.12%	6.34%
Cost of Revenue	306,704	304,257	292,343	286,834	249,628
Gross Profit	163,688	156,062	137,843	138,395	116,557
Selling, General & Admin	103,591	97,671	89,434	87,292	72,398
Other Operating Expenses	5,221	7,877	4,738	4,699	3,771
Operating Expenses	113,406	110,391	98,813	96,975	80,692
Operating Income	50,282	45,671	39,030	41,420	35,865
Interest Expense	-137	-97	-79	-73	-64
Interest & Investment Income	4,010	3,565	2,980	2,135	1,519
Currency Exchange Gain (Loss)	1,724	-100	2,340	514	1,144
Other Non Operating Income (Expenses)	1,911	1,502	2,015	792	776
EBT Excluding Unusual Items	57,790	50,541	46,286	44,788	39,240
Gain (Loss) on Sale of Investments	1,095	843	-	-	-
Gain (Loss) on Sale of Assets	-105	-218	-215	-225	-181
Asset Writedown	-461	-111	-354	-	-
Other Unusual Items	1,172	-1,169	203	-	-
Pretax Income	59,491	49,886	45,920	44,563	39,059
Income Tax Expense	16,182	12,698	11,391	11,569	10,053
Earnings From Continuing Operations	43,309	37,188	34,529	32,994	29,006
Minority Interest in Earnings	-7,149	-7,497	-7,862	-6,898	-5,258
Net Income	36,160	29,691	26,667	26,096	23,748
Net Income to Common	36,160	29,691	26,667	26,096	23,748
Net Income Growth	21.79%	11.34%	2.19%	9.89%	-13.90%
Shares Outstanding (Basic)	139	142	144	148	151
Shares Outstanding (Diluted)	139	142	144	148	151
Shares Change (YoY)	-1.77%	-1.89%	-2.15%	-2.61%	-1.77%
EPS (Basic)	259.96	209.66	184.75	176.91	156.79
EPS (Diluted)	259.96	209.66	184.75	176.91	156.79
EPS Growth	23.99%	13.48%	4.43%	12.83%	-12.34%
Free Cash Flow	34,409	40,659	6,600	-6,563	8,469
Free Cash Flow Per Share	247.37	287.11	45.73	-44.49	55.91
Dividend Per Share	100.000	80.000	60.000	53.333	46.667
Dividend Growth	25.00%	33.33%	12.50%	14.29%	21.74%
Gross Margin	34.80%	33.90%	32.04%	32.55%	31.83%
Operating Margin	10.69%	9.92%	9.07%	9.74%	9.79%
Profit Margin	7.69%	6.45%	6.20%	6.14%	6.49%
Free Cash Flow Margin	7.32%	8.83%	1.53%	-1.54%	2.31%
EBITDA	65,358	60,812	53,820	54,698	47,659
EBITDA Margin	13.89%	13.21%	12.51%	12.86%	13.01%
D&A For EBITDA	15,076	15,141	14,790	13,278	11,794
EBIT	50,282	45,671	39,030	41,420	35,865
EBIT Margin	10.69%	9.92%	9.07%	9.74%	9.79%
Effective Tax Rate	27.20%	25.45%	24.81%	25.96%	25.74%
Advertising Expenses	16,942	17,317	15,352	12,175	9,996