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:
Showa Manufacturing Co., Ltd.
sales of 12.87 billion Japanese Yen [US$115.85 million]
Miura Co., Ltd.
(102.55 billion Japanese Yen [US$922.94 million]
of which 54%
was Domestic equipment sales business), and
Honeywell Automation India Limited
based in India
(24.10 billion Indian Rupees [US$374.28 million]
During the year ended March of 2017, sales at
Rinnai were ¥330.26 billion (US$2.97 billion).
increase of 3.2%
versus 2016, when the company's sales were ¥319.94 billion.
This was the fifth consecutive year of sales increases at Rinnai
(and since 2012, sales have increased a total of 34%).
Sales of China saw an increase
that was more than double the company's growth rate: sales were up
12.5% in 2017, from
¥31.97 billion to ¥35.96 billion.
Rinnai also saw significant increases in sales in
Japan (up 5.7% to ¥189.04 billion)
Not all segments of Rinnai experienced an increase in sales in 2017:
sales of Other fell 8.0% to ¥17.09 billion.
Rinnai also experienced decreases in sales in
Korea (down 4.2% to ¥32.46 billion)
Australia (down 7.0% to ¥21.47 billion)
Indonesia (down 2.7% to ¥10.74 billion)