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 31.75 billion Indian Rupees [US$443.51 million]
of which 100%
was Automation & Control system),
Showa Manufacturing Co., Ltd.
(12.34 billion Japanese Yen [US$110.80 million]
Miura Co., Ltd.
(138.88 billion Japanese Yen [US$1.25 billion]
of which 44%
was Domestic equipment sales business).
During the year ended March of 2019, sales at
Rinnai were ¥348.02 billion (US$3.13 billion).
a very small
increase of 0.3%
versus 2018, when the company's sales were ¥347.07 billion.
This was the fifth consecutive year of sales increases at Rinnai
(and since 2014, sales have increased a total of 21%).
Sales of Other saw an increase
that was more than double the company's growth rate: sales were up
12.1% in 2019, from
¥18.55 billion to ¥20.79 billion.
Rinnai also saw significant increases in sales in
China (up 3.9% to ¥46.01 billion)
America (up 9.6% to ¥30.39 billion)
Australia (up 6.1% to ¥24.92 billion)
Indonesia (up 5.7% to ¥12.14 billion)
Not all segments of Rinnai experienced an increase in sales in 2019:
sales of Korea fell 5.1% to ¥32.95 billion.
Rinnai also experienced decreases in sales in
Japan (down 3.2% to ¥180.82 billion)