Noritz Corporation logo

Noritz Corporation

5943.T

JPXIndustrialsIndustrial - Machinery

Latest quote

¥2,430

+¥3.00 · +0.12%

Aug 24, 1:23 PM JST

5943.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Noritz Corporation operates on a global scale, focusing on the design, production, and distribution of residential appliances and associated support services. Its extensive portfolio encompasses heating, ventilation, and air conditioning (HVAC) solutions such as water heaters, hydronic heating systems, gas-powered fan heaters, co-generation systems, specialized water storage units for fuel cells, solar water heaters, and industrial photovoltaic power generation systems. For kitchens, the company supplies built-in and countertop gas cookers, gas ovens, and extractor hoods. Beyond its product lines, Noritz provides a range of services including repairs, installation, post-purchase customer support, and inspections for safety and regulatory compliance. Established in 1951, the corporation's main offices are located in Kobe, Japan.

Industry
Industrial - Machinery
Sector
Industrials
Headquarters
JP
CEO
Masayuki Takenaka
Listed since
Jan 1, 2001
Employees
5,934

Market position

Day range

Current ¥2,430

52-week range

Current ¥2,430

Open
¥2,427
Previous close
¥2,427
Volume
39.1K
0.43× average
Average volume
89.98K
Average daily volume
Market cap
111.09B JPY
Beta
0.33
Market reference 1
50-day average
¥2,330.5
+4.27% above average
200-day average
¥2,231.9
+8.88% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
71.86B JPY
P/E (TTM)
15.54×
P/B (TTM)
0.78×
P/S (TTM)
0.55×
EV / EBITDA
5.84×
Earnings yield
3.68%
Free cash flow yield
4.12%
Dividend yield
3.54%

Profitability & efficiency

Gross margin
30.90%
Operating margin
2.20%
Net margin
3.52%
Return on equity
2.40%
Return on assets
1.42%
Return on invested capital
1.63%

Financial health

Debt / equity
0.05×
Current ratio
1.75×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends35%23%10%-3%Gross margin, FY2021: 32.11%Gross margin, FY2022: 31.91%Gross margin, FY2023: 31.61%Gross margin, FY2024: 31.23%Gross margin, FY2025: 31.53%Operating margin, FY2021: 1.40%Operating margin, FY2022: 3.27%Operating margin, FY2023: 1.90%Operating margin, FY2024: 1.19%Operating margin, FY2025: 2.13%Net margin, FY2021: 3.08%Net margin, FY2022: 2.28%Net margin, FY2023: 0.43%Net margin, FY2024: 2.17%Net margin, FY2025: 1.66%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 32.11%. Gross margin FY2022 31.91%. Gross margin FY2023 31.61%. Gross margin FY2024 31.23%. Gross margin FY2025 31.53%. Operating margin FY2021 1.40%. Operating margin FY2022 3.27%. Operating margin FY2023 1.90%. Operating margin FY2024 1.19%. Operating margin FY2025 2.13%. Net margin FY2021 3.08%. Net margin FY2022 2.28%. Net margin FY2023 0.43%. Net margin FY2024 2.17%. Net margin FY2025 1.66%.

Income trends

Revenue

202.05B JPY-0.08%

Operating income

4.3B JPY+79.43%

Net income

3.36B JPY-23.36%
Income trends across reported periods231.98B JPY147.94B JPY63.9B JPY−20.14B JPYRevenue, FY2021: 178.14B JPYRevenue, FY2022: 210.97B JPYRevenue, FY2023: 201.89B JPYRevenue, FY2024: 202.2B JPYRevenue, FY2025: 202.05B JPYOperating income, FY2021: 2.5B JPYOperating income, FY2022: 6.89B JPYOperating income, FY2023: 3.84B JPYOperating income, FY2024: 2.4B JPYOperating income, FY2025: 4.3B JPYNet income, FY2021: 5.48B JPYNet income, FY2022: 4.8B JPYNet income, FY2023: 869M JPYNet income, FY2024: 4.38B JPYNet income, FY2025: 3.36B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 178.14B JPY. Revenue FY2022 210.97B JPY. Revenue FY2023 201.89B JPY. Revenue FY2024 202.2B JPY. Revenue FY2025 202.05B JPY. Operating income FY2021 2.5B JPY. Operating income FY2022 6.89B JPY. Operating income FY2023 3.84B JPY. Operating income FY2024 2.4B JPY. Operating income FY2025 4.3B JPY. Net income FY2021 5.48B JPY. Net income FY2022 4.8B JPY. Net income FY2023 869M JPY. Net income FY2024 4.38B JPY. Net income FY2025 3.36B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue202.05B JPY202.2B JPY201.89B JPY210.97B JPY178.14B JPY
Cost of goods sold138.35B JPY139.06B JPY138.07B JPY143.64B JPY120.95B JPY
Gross profit63.7B JPY63.14B JPY63.83B JPY67.32B JPY57.19B JPY
Research and development4.4B JPY4.61B JPY4.44B JPY4.37B JPY4.52B JPY
Selling, general, and administrative53.77B JPY55.19B JPY54.65B JPY54.66B JPY49.28B JPY
Operating expenses59.4B JPY60.75B JPY59.98B JPY60.43B JPY54.69B JPY
Interest income340M JPY413M JPY405M JPY372M JPY316M JPY
Interest expense179M JPY156M JPY269M JPY97M JPY78M JPY
Depreciation and amortization8.01B JPY7.94B JPY7.76B JPY6.89B JPY6.39B JPY
Operating income4.3B JPY2.4B JPY3.84B JPY6.89B JPY2.5B JPY
Net income3.36B JPY4.38B JPY869M JPY4.8B JPY5.48B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
11.68

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates106.3564.0621.77-20.51Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 12, 2024: actual 58.47, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 12, 2025: actual 44, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 12, 2025: actual 30.98, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 6, 2025: actual -5.01, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 10, 2025: actual -11.76, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 10, 2026: actual 58.83, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 14, 2026: actual 97.6, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 7, 2026: actual 11.68, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates63.45B56.18B48.91B41.65BQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 12, 2024: actual 45.18B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 12, 2025: actual 61.01B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 12, 2025: actual 52.86B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 6, 2025: actual 45.66B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 10, 2025: actual 44.09B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 10, 2026: actual 59.44B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 14, 2026: actual 51.64B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 7, 2026: actual 47.93B JPY, estimate —, surprise —, Comparison unavailable.

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