Rinnai Corporation operates within the Heating equipment, except electric sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Rinnai with three other
heating, ventilation, plumbing and air conditioning equipment manufacturers in Asia:
Honeywell Automation India Limited
sales of 21.88 billion Indian Rupees [US$321.14 million]
of which 100%
was Automation & Control),
Showa Manufacturing Co., Ltd.
(10.92 billion Japanese Yen [US$95.62 million]
Miura Co., Ltd.
(99.02 billion Japanese Yen [US$867.41 million]
of which 52%
was Domestic equipment sales business).
During the year ended March of 2016, sales at
Rinnai were ¥319.94 billion (US$2.80 billion).
increase of 8.4%
versus 2015, when the company's sales were ¥295.02 billion.
This was the fifth consecutive year of sales increases at Rinnai
(and since 2011, sales have increased a total of 34%).
Sales of Australia saw an increase
that was more than double the company's growth rate: sales were up
50.8% in 2016, from
¥15.31 billion to ¥23.09 billion.
Rinnai also saw significant increases in sales in
China (up 26.1% to ¥31.97 billion)
America (up 27.3% to ¥22.60 billion)
Not all segments of Rinnai experienced an increase in sales in 2016:
sales of Indonesia fell 1.1% to ¥11.04 billion.
(However, this segment's sales were only a very small portion of the company's overall sales).