Rinnai (5947.T) Stock Price

Rinnai Price

JPX·CLOSED
3,630.00JPY+16.00 (+0.44 %)
Market closed

Over the last 19 years Rinnai grew revenue by 4.1% annually, reaching 460.32 B JPY. Earnings per share have grown at 4.1% per year over the last 19 years. For Rinnai, the net margin of 6.5% is down versus 8.0% a few years ago. At today's price the dividend yield works out to roughly 2.48%. The payout ratio is around 43% of earnings. The dividend has grown at 4.1% per year over the past 19 years. The consensus 12-month price target for Rinnai is 4,335.00 JPY, about 19.4% above where the stock trades today. Of 12 analysts, 8 rate the stock a buy — an overall Buy consensus. The stock trades about 9% above its 52-week low.

Rinnai stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Rinnai over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Rinnai stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Rinnai's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Rinnai Stock Price History
DateRinnai Price
8/10/20263,630.00 JPY
8/7/20263,614.00 JPY
8/6/20263,507.00 JPY
8/5/20263,471.00 JPY
8/4/20263,486.00 JPY
8/3/20263,562.00 JPY
7/31/20263,616.00 JPY
7/30/20263,747.00 JPY
7/29/20263,774.00 JPY
7/28/20263,685.00 JPY
7/27/20263,645.00 JPY
7/24/20263,557.00 JPY
7/23/20263,578.00 JPY
7/22/20263,587.00 JPY
7/21/20263,664.00 JPY
7/17/20263,628.00 JPY
7/16/20263,618.00 JPY
7/15/20263,590.00 JPY
7/14/20263,632.00 JPY
7/13/20263,559.00 JPY
7/10/20263,551.00 JPY
7/9/20263,565.00 JPY
7/8/20263,627.00 JPY
7/7/20263,665.00 JPY
7/6/20263,622.00 JPY
7/3/20263,608.00 JPY
7/2/20263,571.00 JPY
7/1/20263,572.00 JPY
6/30/20263,559.00 JPY
6/29/20263,589.00 JPY
6/26/20263,584.00 JPY
6/25/20263,587.00 JPY
6/24/20263,495.00 JPY
6/23/20263,477.00 JPY
6/22/20263,485.00 JPY
6/19/20263,462.00 JPY
6/18/20263,435.00 JPY
6/17/20263,445.00 JPY
6/16/20263,416.00 JPY
6/15/20263,500.00 JPY
6/12/20263,525.00 JPY
6/11/20263,527.00 JPY
6/10/20263,536.00 JPY
6/9/20263,548.00 JPY
6/8/20263,486.00 JPY
6/5/20263,503.00 JPY
6/4/20263,425.00 JPY
6/3/20263,376.00 JPY
6/2/20263,322.00 JPY
6/1/20263,336.00 JPY
5/29/20263,424.00 JPY
5/28/20263,419.00 JPY
5/27/20263,463.00 JPY
5/26/20263,409.00 JPY
5/25/20263,440.00 JPY
5/22/20263,494.00 JPY
5/21/20263,552.00 JPY
5/20/20263,544.00 JPY
5/19/20263,556.00 JPY
5/18/20263,467.00 JPY
5/15/20263,415.00 JPY
5/14/20263,361.00 JPY
5/13/20263,346.00 JPY
5/12/20263,431.00 JPY
5/11/20263,579.00 JPY
5/8/20263,603.00 JPY
5/7/20263,690.00 JPY
5/1/20263,588.00 JPY
4/30/20263,562.00 JPY
4/28/20263,606.00 JPY
4/27/20263,549.00 JPY
4/24/20263,513.00 JPY
4/23/20263,511.00 JPY
4/22/20263,511.00 JPY
4/21/20263,492.00 JPY
4/20/20263,537.00 JPY
4/17/20263,541.00 JPY
4/16/20263,523.00 JPY
4/15/20263,594.00 JPY
4/14/20263,557.00 JPY
4/13/20263,697.00 JPY
4/10/20263,754.00 JPY
4/9/20263,749.00 JPY
4/8/20263,743.00 JPY
4/7/20263,665.00 JPY
4/6/20263,671.00 JPY
4/3/20263,663.00 JPY
3/27/20263,751.00 JPY
3/26/20263,725.00 JPY
3/25/20263,746.00 JPY
3/24/20263,702.00 JPY
3/23/20263,634.00 JPY
3/19/20263,671.00 JPY
3/18/20263,825.00 JPY
3/17/20263,763.00 JPY
3/13/20263,823.00 JPY
3/12/20263,812.00 JPY
3/11/20263,863.00 JPY
3/9/20263,813.00 JPY
3/6/20263,927.00 JPY
3/5/20263,950.00 JPY
2/27/20264,073.00 JPY
2/26/20264,010.00 JPY
2/25/20264,011.00 JPY
2/24/20264,060.00 JPY
2/20/20264,037.00 JPY
2/19/20264,041.00 JPY
2/18/20264,063.00 JPY
2/17/20264,013.00 JPY
2/16/20264,002.00 JPY
2/13/20264,021.00 JPY
2/12/20264,227.00 JPY
2/10/20264,310.00 JPY
2/9/20264,305.00 JPY
2/6/20264,242.00 JPY
2/5/20264,225.00 JPY
2/4/20264,187.00 JPY
2/3/20264,151.00 JPY
2/2/20264,102.00 JPY
1/30/20264,059.00 JPY
1/29/20264,003.00 JPY
1/28/20264,015.00 JPY
1/27/20264,067.00 JPY
1/26/20264,079.00 JPY
1/23/20264,117.00 JPY
1/22/20264,100.00 JPY
1/21/20264,047.00 JPY
1/20/20264,066.00 JPY
1/19/20264,099.00 JPY
1/16/20264,108.00 JPY
1/15/20264,085.00 JPY
1/14/20264,121.00 JPY
1/13/20264,059.00 JPY
1/9/20264,060.00 JPY
1/8/20264,005.00 JPY
1/7/20264,044.00 JPY
1/6/20264,033.00 JPY
1/5/20263,995.00 JPY
12/30/20253,960.00 JPY
12/29/20253,978.00 JPY
12/26/20253,970.00 JPY
12/25/20253,975.00 JPY
12/24/20253,966.00 JPY
12/23/20254,000.00 JPY
12/22/20253,993.00 JPY
12/19/20253,988.00 JPY
12/18/20253,999.00 JPY
12/17/20253,952.00 JPY
12/16/20253,960.00 JPY
12/15/20254,037.00 JPY
12/12/20254,043.00 JPY
12/11/20253,922.00 JPY
12/10/20253,923.00 JPY
12/9/20253,897.00 JPY
12/8/20253,897.00 JPY
12/5/20253,864.00 JPY
12/4/20253,919.00 JPY
12/3/20253,900.00 JPY
12/2/20253,939.00 JPY
12/1/20253,935.00 JPY
11/28/20253,978.00 JPY
11/27/20253,972.00 JPY
11/26/20253,940.00 JPY
11/25/20253,851.00 JPY
11/21/20253,923.00 JPY
11/20/20253,856.00 JPY
11/19/20253,763.00 JPY
11/18/20253,724.00 JPY
11/17/20253,744.00 JPY
11/14/20253,796.00 JPY
11/13/20253,797.00 JPY
11/12/20253,784.00 JPY
11/11/20253,837.00 JPY
11/10/20253,858.00 JPY
11/7/20253,787.00 JPY
11/6/20253,731.00 JPY
11/5/20253,388.00 JPY
11/4/20253,402.00 JPY
10/31/20253,499.00 JPY
10/30/20253,463.00 JPY
10/29/20253,412.00 JPY
10/28/20253,418.00 JPY
10/27/20253,489.00 JPY
10/24/20253,439.00 JPY
10/23/20253,464.00 JPY
10/22/20253,450.00 JPY
10/21/20253,431.00 JPY
10/20/20253,451.00 JPY
10/17/20253,411.00 JPY
10/16/20253,397.00 JPY
10/15/20253,430.00 JPY
10/14/20253,368.00 JPY
10/10/20253,438.00 JPY
10/9/20253,476.00 JPY
10/8/20253,481.00 JPY
10/7/20253,488.00 JPY
10/6/20253,469.00 JPY
10/3/20253,445.00 JPY
10/2/20253,477.00 JPY
10/1/20253,466.00 JPY
9/30/20253,506.00 JPY
9/29/20253,528.00 JPY
9/26/20253,601.00 JPY
9/25/20253,581.00 JPY
9/24/20253,588.00 JPY
9/22/20253,612.00 JPY
9/19/20253,668.00 JPY
9/18/20253,695.00 JPY
9/17/20253,678.00 JPY
9/16/20253,706.00 JPY
9/12/20253,690.00 JPY
9/11/20253,728.00 JPY
9/10/20253,716.00 JPY
9/9/20253,735.00 JPY
9/8/20253,726.00 JPY
9/5/20253,723.00 JPY
9/4/20253,719.00 JPY
9/3/20253,700.00 JPY
9/2/20253,673.00 JPY
9/1/20253,670.00 JPY
8/29/20253,666.00 JPY
8/28/20253,688.00 JPY
8/27/20253,679.00 JPY
8/26/20253,702.00 JPY
8/25/20253,796.00 JPY
8/22/20253,804.00 JPY
8/21/20253,917.00 JPY
8/20/20253,999.00 JPY
8/19/20253,977.00 JPY
8/18/20253,960.00 JPY
8/15/20253,937.00 JPY
8/14/20253,959.00 JPY
8/13/20253,981.00 JPY
8/12/20253,985.00 JPY
Access this data via the Eulerpool API

Rinnai Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
425.23 B JPY
41.42 B JPY
26.10 B JPY
Jan 1, 2024
430.19 B JPY
39.03 B JPY
26.67 B JPY
Jan 1, 2025
460.32 B JPY
45.67 B JPY
29.69 B JPY
Jan 1, 2026 (e)
471.04 B JPY
69.70 B JPY
35.55 B JPY
Jan 1, 2027 (e)
495.30 B JPY
73.29 B JPY
36.48 B JPY
Jan 1, 2028 (e)
516.60 B JPY
76.44 B JPY
38.31 B JPY
Jan 1, 2029 (e)
536.09 B JPY
79.32 B JPY
40.98 B JPY
Jan 1, 2030 (e)
539.00 B JPY
79.75 B JPY
40.53 B JPY

Rinnai Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 10, 2026, 4:27 PM
 
REVENUEB JPY
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB JPY
EBITB JPY
EBIT MARGIN%
NET INCOMEB JPY
NET INCOME GROWTH%
DIV.JPY
DIV. GROWTH%
SHARESM
20162017201820192020202120222023202420252026e2027e2028e2029e2030e2031e
319.94330.26347.07348.02340.46344.36366.19425.23430.19460.32471.04495.30516.60536.09539.00553.00
8.443.235.090.27-2.171.156.3416.121.177.002.335.154.303.770.542.60
32.3432.9732.2932.2133.0733.4931.8332.5532.0433.9033.9033.9033.9033.9033.9033.90
103.48108.90112.08112.11112.58115.33116.56138.40137.84156.06159.70167.92175.14181.75182.74187.48
34.5934.0632.8530.8834.4240.6935.8641.4239.0345.6769.7073.2976.4479.3279.7581.82
10.8110.319.468.8710.1111.829.799.749.079.9214.8014.8014.8014.8014.8014.80
22.7122.3221.1920.4821.5627.5823.7526.1026.6729.6935.5536.4838.3140.9840.5342.57
9.99-1.71-5.05-3.375.2827.92-13.909.892.1911.3419.722.645.006.96-1.095.03
84.0088.0092.0096.00100.00135.00145.0058.3370.0090.00140.00168.00201.60
7.694.764.554.354.1735.007.41-59.7720.0128.5755.5620.0020.00
52.00156.01154.93154.20154.20154.20151.46147.51144.34141.61141.61141.61141.61141.61141.61141.61
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Rinnai generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Rinnai retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Rinnai's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Rinnai has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Rinnai's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Rinnai stock margins

The Rinnai margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Rinnai. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Rinnai.
  • 3 Years

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  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
33.49 %
11.82 %
8.01 %
Jan 1, 2022
31.83 %
9.79 %
6.49 %
Jan 1, 2023
32.55 %
9.74 %
6.14 %
Jan 1, 2024
32.04 %
9.07 %
6.20 %
Jan 1, 2025
33.90 %
9.92 %
6.45 %
Jan 1, 2026 (e)
33.90 %
14.80 %
7.55 %
Jan 1, 2027 (e)
33.90 %
14.80 %
7.37 %
Jan 1, 2028 (e)
33.90 %
14.80 %
7.42 %

Rinnai Stock Revenue, EBIT, Earnings per Share

The Rinnai earnings per share therefore indicates how much revenue Rinnai has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
2,233.28 JPY
263.88 JPY
178.87 JPY
Jan 1, 2022
2,417.65 JPY
236.78 JPY
156.79 JPY
Jan 1, 2023
2,882.74 JPY
280.78 JPY
176.91 JPY
Jan 1, 2024
2,980.36 JPY
270.39 JPY
184.75 JPY
Jan 1, 2025
3,250.54 JPY
322.50 JPY
209.66 JPY
Jan 1, 2026 (e)
3,326.26 JPY
492.17 JPY
251.01 JPY
Jan 1, 2027 (e)
3,497.55 JPY
517.52 JPY
257.63 JPY
Jan 1, 2028 (e)
3,647.96 JPY
539.77 JPY
270.53 JPY

Rinnai business model & stock analysis

The Rinnai Corporation is a Japanese company that was founded in Nagoya, Japan in 1920. Originally, the company worked with sheet metal and metal materials, as well as the production of heaters. With increasing growth, the company expanded into the production and marketing of heating and hot water systems. Rinnai's business model focuses on the production of high-quality heating and hot water distribution systems. The company has a wide range of products, ranging from highly efficient tankless gas hot water heaters to wall heating and cooling systems. Rinnai's products are known for their cutting-edge technology and improved energy efficiency. The company has made significant contributions to improving the quality of life for families and energy savings in households with its products. Rinnai has a wide range of products and divisions. The main divisions include gas hot water heaters, electric hot water heaters, gas heaters and boilers, heating terminals, ventilation systems, dishwashers, and equipment for the foodservice and food industry. Rinnai has focused on providing complete system solutions and customer satisfaction through the development of technologies and products. An example of a product line is Rinnai's tankless gas hot water heaters. These units provide instant and continuous hot water supply, reducing water and energy waste while offering energy-efficient solutions. The available tank sizes and performance requirements, as well as the ability to be installed in a variety of environments and applications, make Rinnai's gas hot water heaters one of the best solutions on the market. Rinnai has become a global brand and today has production and distribution centers in North America, Europe, Asia, and Australia. With a revenue of several billion yen, the company is one of the leading manufacturers of heating and hot water systems worldwide. In recent years, Rinnai has further strengthened its commitment to sustainable development and environmental compatibility through the creation of products and solutions to improve the energy efficiency of households. By using renewable energy sources and environmentally friendly technologies, Rinnai has realized the vision of an energy-efficient household. In summary, Rinnai's history is characterized by the production of heaters to becoming a leading company in heat generation and hot water supply. The company has established itself internationally through technological innovations and a comprehensive range of products. Customers benefit from Rinnai's solutions, which contribute to higher quality of life, energy savings, and environmental friendliness.

Rinnai SWOT Analysis

Strengths

Rinnai Corp possesses several key strengths that contribute to its success in the market. Firstly, the company has a strong brand reputation built over years of delivering high-quality products. This enables them to command customer trust and loyalty. Secondly, Rinnai Corp has a diverse product portfolio, offering a wide range of innovative and energy-efficient heating and cooling solutions. Their extensive product line enables them to cater to various customer needs and preferences. Additionally, Rinnai Corp has a strong global presence, with a widespread distribution network that helps them reach a wide customer base.

Weaknesses

Despite its strengths, Rinnai Corp faces certain weaknesses that could hinder its growth. One of these weaknesses is limited market penetration in certain regions, which indicates untapped growth opportunities. Additionally, Rinnai Corp heavily relies on external suppliers for components, which may expose them to supply chain disruptions and price fluctuations. Moreover, the company's product pricing could be perceived as relatively higher compared to some competitors, potentially affecting its market share in price-sensitive markets.

Opportunities

Rinnai Corp operates in an industry with promising growth prospects, which presents several opportunities for the company. One such opportunity is the increasing demand for eco-friendly and sustainable products. Rinnai Corp can capitalize on this trend by further enhancing their portfolio of environmentally friendly heating and cooling solutions. Additionally, expanding into emerging markets with a focus on residential and commercial sectors would enable the company to tap into new customer segments and drive revenue growth.

Threats

Despite its opportunities, Rinnai Corp must also be aware of potential threats that could impact its business. One significant threat is intense competition from both established and emerging players in the industry. This competition puts pressure on Rinnai Corp to continuously innovate and differentiate its products to maintain its market position. Another threat lies in regulatory changes and compliance requirements related to environmental standards, as failure to meet these regulations could result in penalties and hamper business operations. Additionally, economic fluctuations and currency exchange rate volatility pose risks for Rinnai Corp's international operations.

Rinnai Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Rinnai historical P/E ratio, EBIT multiple, and P/S ratio

Rinnai annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Rinnai shares outstanding

The number of shares of Rinnai was 141.61 M in 2025. This indicates how many shares Rinnai is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

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  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
154.20 M Stocks
Jan 1, 2022
151.46 M Stocks
Jan 1, 2023
147.51 M Stocks
Jan 1, 2024
144.34 M Stocks
Jan 1, 2025
141.61 M Stocks
Jan 1, 2026 (e)
141.61 M Stocks
Jan 1, 2027 (e)
141.61 M Stocks
Jan 1, 2028 (e)
141.61 M Stocks

Rinnai stock splits

In Rinnai's history, there have been no stock splits.

Rinnai Dividend History

37 years of dividend payments · 2 consecutive increases

YearAnnual DividendYoY ChangePayments
202650.00JPYYTD
Mar 30, 202650.00JPY 0.0%1/1
202590.00JPY 28.6%
Mar 28, 202540.00JPY 0.0%1/2
Sep 29, 202550.00JPY 25.0%2/2
202470.00JPY 20.0%
202358.33JPY 59.8%
2022145.00JPY 7.4%
2021135.00JPY 35.0%
2020100.00JPY 4.2%
201996.00JPY 4.3%
201892.00JPY 4.5%
201788.00JPY 4.8%

Rinnai dividend history and estimates

In 2025, Rinnai paid a dividend amounting to 90.00 JPY. Dividend means that Rinnai distributes a portion of its profits to its owners.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2021
135.00 JPY
0.00 JPY
Jan 1, 2022
145.00 JPY
0.00 JPY
Jan 1, 2023
58.33 JPY
0.00 JPY
Jan 1, 2024
70.00 JPY
0.00 JPY
Jan 1, 2025
90.00 JPY
0.00 JPY
Jan 1, 2026
140.00 JPY
0.00 JPY
Jan 1, 2027 (e)
0.00 JPY
168.00 JPY
Jan 1, 2028 (e)
0.00 JPY
201.60 JPY

Rinnai dividend payout ratio

In 2025, Rinnai had a payout ratio of 42.93%. The payout ratio indicates the percentage of the company's profits that Rinnai distributes as dividends.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
23.29 %
Jan 1, 2022
30.83 %
Jan 1, 2023
32.97 %
Jan 1, 2024
37.89 %
Jan 1, 2025
42.93 %
Jan 1, 2026 (e)
55.77 %
Jan 1, 2027 (e)
65.21 %
Jan 1, 2028 (e)
74.52 %

Current Rinnai forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy
66.67 % (8)
Hold
33.33 % (4)
Sell
0.00 % (0)
12M Price Target
4,335.00
Last Price
3,630.00
Currency
JPY
12M Return Potential
19.42 %
LTM Return
0 %

Rinnai Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
5/8/202463.25JPY-120.41 BJPY-2024 Q4
2/6/202453.15JPY-117.10 BJPY-2024 Q3
11/4/2022120.35JPY-102.31 BJPY-2023 Q2
8/5/202263.34JPY-87.43 BJPY-2023 Q1
5/10/202297.78JPY-95.77 BJPY-2022 Q4
2/9/2022137.43JPY-94.78 BJPY-2022 Q3
11/5/202199.77JPY-90.65 BJPY-2022 Q2
8/6/202198.28JPY-79.83 BJPY-2022 Q1
5/12/2021126.35JPY-96.34 BJPY-2021 Q4
2/10/2021108.28JPY-93.98 BJPY-2021 Q3

EESG©

Eulerpool ESG Scorecard© for the Rinnai stock

82/100
99
Environment
99
Social
48
Governance
E

Environment

20
Scope 1 - Direct Emissions36,779
Scope 2 - Indirect emissions from purchased energy68,163
Scope 3 - Indirect emissions within the value chain9,792,150
Total CO₂ emissions104,942
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees32.3
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Rinnai shareholder structure

% Name
2.36965%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
1.35983%
Wellington Management Company, LLP
Wellington Management Company, LLP
1.17865%
Daiwa Asset Management Co., Ltd.
Daiwa Asset Management Co., Ltd.
1.14886%
Nikko Asset Management Co., Ltd.
Nikko Asset Management Co., Ltd.
1.14523%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
1.08613%
Robeco Switzerland Ltd.
Robeco Switzerland Ltd.
...

Rinnai Beneficial Ownership Filings (SEC 13D/G)

Free Float
65.1%
Float Shares
-
Shares Outstanding
-

Rinnai Executives and Management Board

17 members · avg. age 69 · 12 % women

Management

HN

Mr. Hiroyasu Naito (69)

President, Executive President, Representative Director · since 1991

TN

Mr. Tsunenori Narita (76)

Executive Vice President, Representative Director · since 2005

HS

Mr. Hideyuki Shiraki (58)

Senior Managing Executive Officer, Chief Director of Sales, Director

KI

Mr. Kazuto Inoue (62)

Senior Managing Executive Officer, Chief Director of Production Technology, Director

HN

Mr. Hayao Nishizawa

Managing Executive Officer, Chief Director of Overseas Business, Senior Director of 2nd Sales

TO

Mr. Takuya Ogawa

Managing Executive Officer, Chief Director of Business Administration · since 2024

Board of Directors

KH

Mr. Kenji Hayashi (71)

Chairman of the Board, Representative Director · since 2005

YD

Ms. Yoko Dochi (60)

Independent Director

TK

Mr. Takashi Kamio (81)

Independent Director

TO

Mr. Tadashi Ogura (73)

Independent Director

KS

Ms. Kumi Sato (70)

Independent Director

Frequently asked questions about Rinnai

The business model of Rinnai Corp revolves around manufacturing and selling a diverse range of energy-efficient heating appliances, including gas appliances, electric appliances, and solar products. Rinnai Corp aims to provide innovative and reliable solutions for heating and water heating needs, catering to both residential and commercial sectors. With a strong focus on sustainability and customer satisfaction, Rinnai Corp continuously strives to develop advanced technologies and products that enhance comfort and energy efficiency. As a leading company in the industry, Rinnai Corp's business model centers on delivering high-quality heating solutions while staying committed to environmental responsibility and meeting the evolving needs of its customers.

Rinnai Corp is primarily active in the industries of manufacturing and selling domestic and commercial appliances. With a focus on energy-efficient solutions, Rinnai provides a wide range of products including gas appliances, heating units, as well as heating and cooling equipment. The company has gained a strong reputation in the market for its innovative technologies and reliable products. Rinnai Corp's commitment to providing efficient and high-quality appliances has positioned them as a leading player in the industry.

The main competitors of Rinnai Corp in the market are companies such as AO Smith Corporation, Rheem Manufacturing Company, Bradford White Corporation, Noritz Corporation, and Navien Inc.

Rinnai Corp is a leading Japanese company specializing in manufacturing and selling energy-efficient appliances, including gas appliances, heating and cooling systems, and kitchen appliances. Founded in 1920, Rinnai Corp has a rich history spanning over a century. With its innovative and reliable products, Rinnai Corp has built a strong reputation worldwide. The company's commitment to quality, technology, and customer satisfaction has enabled it to become a trusted name in the industry. Rinnai Corp continues to expand its global presence, delivering cutting-edge solutions to meet the evolving needs of customers in various markets.

Rinnai Corp, a leading company in the heating and kitchen appliances industry, has achieved several significant milestones throughout its history. One remarkable achievement is the company's establishment in 1920, which marked the beginning of its journey towards excellence. Over the years, Rinnai Corp has expanded its product offerings and introduced innovative, energy-efficient solutions to cater to customer needs. Notably, the company's development of tankless water heaters revolutionized the industry and earned Rinnai Corp a prominent position in the market. Moreover, their commitment to sustainable practices and technological advancements has further solidified their reputation globally. Rinnai Corp continues to inspire with its remarkable achievements and customer-focused approach.

Rinnai Corp is primarily present in numerous countries and regions across the globe. Some of the key markets where Rinnai Corp has a significant presence include Japan, North America, Europe, China, and Southeast Asia. With its headquarters in Japan, Rinnai Corp has successfully expanded its operations and distribution networks worldwide, catering to the diverse needs of customers internationally.

Rinnai Corp represents values of innovation, quality, and customer satisfaction. With a corporate philosophy focused on contributing to society through technological advancement, Rinnai Corp continually strives to exceed customer expectations. It seeks to create products and services that enhance comfort and convenience in households, while ensuring energy efficiency and environmental sustainability. Rinnai Corp prides itself on its commitment to integrity and ethical business practices, fostering a culture of trust and reliability. By staying true to these values and corporate philosophy, Rinnai Corp has emerged as a leading global manufacturer of heating and water heating products.

Analysts currently set an average price target of 4,540.28 JPY for the Rinnai stock (median: 4,335.00 JPY), implying +25.1 % versus the latest price. The consensus is based on 12 analyst ratings.

12 analysts currently rate the Rinnai stock: 8 recommend buying, 4 holding and 0 selling. For 2026, analysts expect Rinnai to generate revenue of 471.04 B JPY and earnings per share of 251.01 JPY.

Converted at the current exchange rate, the Rinnai share trades at 19.90 EUR (3,630.00 JPY).

The Rinnai Corporation is an internationally renowned manufacturer of household appliances and a leading provider of energy system solutions. With over 100 years of experience in the industry, the company has been committed to developing innovative technologies and products that meet the highest quality standards. Rinnai's business model is based on three main areas: water heating systems, climate systems, and kitchen appliances. Water heating systems are by far the most important business area. Rinnai produces a wide range of gas and electric water heaters for residential and commercial use. These devices range from simple tankless water heaters to advanced hybrid water heaters that use a combination of gas and electric operation to ensure maximum efficiency and reliability. In addition to water heating systems, Rinnai also has a strong presence in the climate systems sector. The company manufactures a wide range of air conditioning units, including split and multi-split systems suitable for residential and commercial spaces. These systems are equipped with inverter technology and advanced filters to ensure high energy efficiency and air quality. Rinnai's kitchen appliances include gas ovens, stovetops, range hoods, and microwaves. These devices are designed for professional use and meet the highest requirements for performance and durability. Rinnai has established itself as one of the leading manufacturers of kitchen appliances in Asia and the Pacific region. To meet the needs of customers, Rinnai has also developed energy system solutions for renewable energy. The company offers solar water heaters and fuel cell systems that are suitable for efficient and environmentally friendly energy use. Rinnai sells its products in numerous countries worldwide, including North America, Europe, and Asia. The company also operates production facilities in various parts of the world to meet the requirements of regional markets. Through continuous investments in research and development, state-of-the-art manufacturing technologies, and a dedicated sales and service team, Rinnai has positioned itself as one of the leading providers of household appliances and energy system solutions in the world. Overall, Rinnai's goal is to drive innovation and offer customers products that provide the highest performance and efficiency. The company is committed to sustainability and responsible business practices to protect the progress of its customers and the environment in the long term. With its wide range of offerings and its focus on quality and innovation, Rinnai will continue to play a leading role in the household appliances industry in the future.

The expected revenue of Rinnai is 471.04 B JPY. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Rinnai is 35.55 B JPY. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Rinnai is currently 14.46. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Rinnai stock.

The price-to-sales ratio (P/S) of Rinnai is currently 1.09. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Rinnai stock.

The Eulerpool Quality Score for Rinnai is 5/10.

The ISIN of Rinnai is JP3977400005. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Rinnai is 867202. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Rinnai is 5947.T. The ticker symbol is used to trade Rinnai shares on the stock exchange.

Over the past 12 months, Rinnai paid a dividend of 90.00 JPY . This corresponds to a dividend yield of about 2.48 %. For the coming 12 months, Rinnai is expected to pay a dividend of 168.00 JPY.

The current dividend yield of Rinnai is 2.48 %.

Rinnai pays a dividend, distributed in the months of , , , .

Rinnai paid dividends every year for the past 36 years.

For the upcoming 12 months, dividends amounting to 168.00 JPY are expected. This corresponds to a dividend yield of 4.65 %.

Rinnai is assigned to the 'Cyclical consumption' sector.

To receive the latest dividend of Rinnai from amounting to 50 JPY, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, Rinnai distributed 58.33 JPY as dividends.

The dividends of Rinnai are distributed in JPY.

All fundamentals and in-depth analysis of Rinnai

Our stock analysis for Rinnai stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Rinnai. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.