Noritz (5943.T) Stock Price

Noritz Price

JPX·CLOSED
2,330.00JPY-26.00 (-1.11 %)
Market closed

Over the last 19 years Noritz grew revenue by 0.5% annually, reaching 202.05 B JPY. Earnings per share have grown at 0.9% per year over the last 19 years. For Noritz, the net margin of 1.7% is down versus 3.1% a few years ago. At today's price the dividend yield works out to roughly 3.05%. The payout ratio is around 97% of earnings. The dividend has grown at 5.0% per year over the past 19 years. The consensus 12-month price target for Noritz is 1,581.00 JPY, about 32.1% below where the stock trades today. Of 7 analysts, 0 rate the stock a buy — an overall Sell consensus. The stock trades about 27% above its 52-week low.

Noritz stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Noritz 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 Noritz 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 Noritz's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Noritz Stock Price History
DateNoritz Price
7/23/20262,330.00 JPY
7/22/20262,356.00 JPY
7/21/20262,375.00 JPY
7/17/20262,341.00 JPY
7/16/20262,337.00 JPY
7/15/20262,341.00 JPY
7/14/20262,309.00 JPY
7/13/20262,300.00 JPY
7/10/20262,317.00 JPY
7/9/20262,301.00 JPY
7/8/20262,319.00 JPY
7/7/20262,358.00 JPY
7/6/20262,341.00 JPY
7/3/20262,305.00 JPY
7/2/20262,305.00 JPY
7/1/20262,284.00 JPY
6/30/20262,278.00 JPY
6/29/20262,300.00 JPY
6/26/20262,356.00 JPY
6/25/20262,295.00 JPY
6/24/20262,229.00 JPY
6/23/20262,231.00 JPY
6/22/20262,253.00 JPY
6/19/20262,239.00 JPY
6/18/20262,230.00 JPY
6/17/20262,244.00 JPY
6/16/20262,231.00 JPY
6/15/20262,253.00 JPY
6/12/20262,225.00 JPY
6/11/20262,252.00 JPY
6/10/20262,224.00 JPY
6/9/20262,236.00 JPY
6/8/20262,261.00 JPY
6/5/20262,258.00 JPY
6/4/20262,208.00 JPY
6/3/20262,195.00 JPY
6/2/20262,187.00 JPY
6/1/20262,243.00 JPY
5/29/20262,307.00 JPY
5/28/20262,298.00 JPY
5/27/20262,311.00 JPY
5/26/20262,359.00 JPY
5/25/20262,364.00 JPY
5/22/20262,368.00 JPY
5/21/20262,435.00 JPY
5/20/20262,381.00 JPY
5/19/20262,439.00 JPY
5/18/20262,422.00 JPY
5/15/20262,444.00 JPY
5/14/20262,396.00 JPY
5/13/20262,397.00 JPY
5/12/20262,433.00 JPY
5/11/20262,427.00 JPY
5/8/20262,425.00 JPY
5/7/20262,429.00 JPY
5/1/20262,364.00 JPY
4/30/20262,348.00 JPY
4/28/20262,389.00 JPY
4/27/20262,351.00 JPY
4/24/20262,360.00 JPY
4/23/20262,352.00 JPY
4/22/20262,390.00 JPY
4/21/20262,411.00 JPY
4/20/20262,412.00 JPY
4/17/20262,381.00 JPY
4/16/20262,400.00 JPY
4/15/20262,405.00 JPY
4/14/20262,391.00 JPY
4/13/20262,396.00 JPY
4/10/20262,417.00 JPY
4/9/20262,430.00 JPY
4/8/20262,425.00 JPY
4/7/20262,414.00 JPY
4/6/20262,366.00 JPY
4/3/20262,343.00 JPY
3/27/20262,352.00 JPY
3/26/20262,372.00 JPY
3/25/20262,360.00 JPY
3/24/20262,316.00 JPY
3/23/20262,276.00 JPY
3/19/20262,359.00 JPY
3/18/20262,412.00 JPY
3/17/20262,350.00 JPY
3/16/20262,359.00 JPY
3/13/20262,362.00 JPY
3/12/20262,330.00 JPY
3/11/20262,347.00 JPY
3/10/20262,350.00 JPY
3/9/20262,297.00 JPY
3/6/20262,338.00 JPY
3/5/20262,350.00 JPY
2/26/20262,388.00 JPY
2/25/20262,426.00 JPY
2/24/20262,416.00 JPY
2/20/20262,345.00 JPY
2/19/20262,394.00 JPY
2/18/20262,376.00 JPY
2/17/20262,392.00 JPY
2/16/20262,430.00 JPY
2/13/20262,510.00 JPY
2/12/20262,526.00 JPY
2/10/20262,172.00 JPY
2/9/20262,152.00 JPY
2/6/20262,134.00 JPY
2/5/20262,144.00 JPY
2/4/20262,109.00 JPY
2/3/20262,082.00 JPY
2/2/20262,065.00 JPY
1/30/20262,065.00 JPY
1/29/20262,058.00 JPY
1/28/20262,058.00 JPY
1/27/20262,080.00 JPY
1/26/20262,089.00 JPY
1/23/20262,108.00 JPY
1/22/20262,094.00 JPY
1/21/20262,080.00 JPY
1/20/20262,073.00 JPY
1/19/20262,073.00 JPY
1/16/20262,071.00 JPY
1/15/20262,047.00 JPY
1/14/20262,045.00 JPY
1/13/20262,017.00 JPY
1/9/20262,062.00 JPY
1/8/20262,046.00 JPY
1/7/20262,059.00 JPY
1/6/20262,038.00 JPY
1/5/20262,019.00 JPY
12/30/20251,995.00 JPY
12/29/20251,994.00 JPY
12/26/20252,002.00 JPY
12/25/20251,994.00 JPY
12/24/20251,985.00 JPY
12/23/20251,990.00 JPY
12/22/20251,978.00 JPY
12/19/20251,975.00 JPY
12/18/20251,961.00 JPY
12/17/20251,928.00 JPY
12/16/20251,927.00 JPY
12/15/20251,957.00 JPY
12/12/20251,946.00 JPY
12/11/20251,913.00 JPY
12/10/20251,914.00 JPY
12/9/20251,926.00 JPY
12/8/20251,952.00 JPY
12/5/20251,930.00 JPY
12/4/20251,888.00 JPY
12/3/20251,880.00 JPY
12/2/20251,898.00 JPY
12/1/20251,924.00 JPY
11/28/20251,924.00 JPY
11/27/20251,932.00 JPY
11/26/20251,917.00 JPY
11/25/20251,895.00 JPY
11/21/20251,906.00 JPY
11/20/20251,847.00 JPY
11/19/20251,836.00 JPY
11/18/20251,843.00 JPY
11/17/20251,851.00 JPY
11/14/20251,873.00 JPY
11/13/20251,897.00 JPY
11/12/20251,920.00 JPY
11/11/20252,066.00 JPY
11/10/20252,064.00 JPY
11/7/20252,052.00 JPY
11/6/20252,027.00 JPY
11/5/20252,018.00 JPY
11/4/20252,011.00 JPY
10/31/20252,003.00 JPY
10/30/20252,005.00 JPY
10/29/20252,002.00 JPY
10/28/20252,003.00 JPY
10/27/20252,051.00 JPY
10/24/20252,029.00 JPY
10/23/20252,043.00 JPY
10/22/20252,043.00 JPY
10/21/20252,044.00 JPY
10/20/20252,047.00 JPY
10/17/20252,022.00 JPY
10/16/20252,033.00 JPY
10/15/20252,061.00 JPY
10/14/20252,003.00 JPY
10/10/20251,997.00 JPY
10/9/20252,000.00 JPY
10/8/20252,000.00 JPY
10/7/20252,023.00 JPY
10/6/20252,024.00 JPY
10/3/20252,004.00 JPY
10/2/20252,000.00 JPY
10/1/20251,970.00 JPY
9/30/20252,006.00 JPY
9/29/20252,009.00 JPY
9/26/20252,046.00 JPY
9/25/20252,031.00 JPY
9/24/20252,035.00 JPY
9/22/20252,028.00 JPY
9/19/20252,028.00 JPY
9/18/20252,045.00 JPY
9/17/20252,044.00 JPY
9/16/20252,057.00 JPY
9/12/20252,070.00 JPY
9/11/20252,078.00 JPY
9/10/20252,066.00 JPY
9/9/20252,060.00 JPY
9/8/20252,072.00 JPY
9/5/20252,068.00 JPY
9/4/20252,084.00 JPY
9/3/20252,017.00 JPY
9/2/20251,994.00 JPY
9/1/20251,992.00 JPY
8/29/20251,950.00 JPY
8/28/20251,954.00 JPY
8/27/20251,956.00 JPY
8/26/20251,952.00 JPY
8/25/20251,956.00 JPY
8/22/20251,948.00 JPY
8/21/20251,991.00 JPY
8/20/20252,003.00 JPY
8/19/20252,000.00 JPY
8/18/20252,007.00 JPY
8/15/20251,978.00 JPY
8/14/20251,991.00 JPY
8/13/20252,000.00 JPY
8/12/20251,979.00 JPY
8/8/20251,973.00 JPY
8/7/20252,007.00 JPY
8/6/20252,006.00 JPY
8/5/20251,984.00 JPY
8/4/20251,957.00 JPY
8/1/20251,955.00 JPY
7/31/20251,921.00 JPY
7/30/20251,895.00 JPY
7/29/20251,926.00 JPY
7/28/20251,926.00 JPY
7/25/20251,923.00 JPY
Access this data via the Eulerpool API

Noritz 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, 2020
183.86 B JPY
4.76 B JPY
-3.01 B JPY
Jan 1, 2021
178.14 B JPY
2.50 B JPY
5.48 B JPY
Jan 1, 2022
210.97 B JPY
6.89 B JPY
4.80 B JPY
Jan 1, 2023
201.89 B JPY
3.84 B JPY
868.00 M JPY
Jan 1, 2024
202.20 B JPY
2.40 B JPY
4.38 B JPY
Jan 1, 2025
202.05 B JPY
4.30 B JPY
3.36 B JPY
Jan 1, 2026 (e)
205.33 B JPY
6.16 B JPY
2.96 B JPY
Jan 1, 2027 (e)
206.44 B JPY
0.00 JPY
3.16 B JPY

Noritz Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 25, 2026, 5:05 AM
 
REVENUEB JPY
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB JPY
EBITB JPY
EBIT MARGIN%
NET INCOMEB JPY
NET INCOME GROWTH%
DIV.JPY
DIV. GROWTH%
SHARESM
201220132014201520162017201820192020202120222023202420252026e2027e
187.06200.33218.94218.91211.87214.65209.87208.40183.86178.14210.97201.89202.20202.05205.33206.44
1.477.099.29-0.02-3.211.31-2.23-0.70-11.77-3.1118.43-4.300.16-0.081.630.54
28.9029.7331.2232.6033.2232.4231.7830.9331.5532.1131.9131.6131.2331.5331.5331.53
54.0559.5568.3471.3770.3769.5866.7064.4658.0157.1967.3263.8363.1463.7064.7465.09
8.849.677.410.468.946.714.812.694.762.506.893.842.404.306.16
4.734.833.380.214.223.132.291.292.591.403.271.901.182.133.00
5.986.393.48-3.964.655.405.781.51-3.015.484.800.874.383.362.963.16
24.616.82-45.53-213.77-217.5816.076.96-73.83-299.27-281.85-12.39-81.92404.95-23.39-12.006.90
30.0030.0032.0032.0032.0032.0032.0032.0019.0083.0053.0053.0069.0071.00128.40154.08
87.506.67-40.63336.84-36.1430.192.9080.8520.00
48.0048.0047.8247.8247.8347.8547.8747.6946.5146.1145.9446.1846.2645.7245.7245.72
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Noritz 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 Noritz 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 Noritz'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 Noritz 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 Noritz'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.

Noritz stock margins

The Noritz margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Noritz. 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 Noritz.
  • 3 Years

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  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2020
31.55 %
2.59 %
-1.64 %
Jan 1, 2021
32.11 %
1.40 %
3.08 %
Jan 1, 2022
31.91 %
3.27 %
2.28 %
Jan 1, 2023
31.61 %
1.90 %
0.43 %
Jan 1, 2024
31.23 %
1.18 %
2.17 %
Jan 1, 2025
31.53 %
2.13 %
1.66 %
Jan 1, 2026 (e)
31.53 %
3.00 %
1.44 %
Jan 1, 2027 (e)
31.53 %
0.00 %
1.53 %

Noritz Stock Revenue, EBIT, Earnings per Share

The Noritz earnings per share therefore indicates how much revenue Noritz 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, 2020
3,953.19 JPY
102.41 JPY
-64.78 JPY
Jan 1, 2021
3,863.41 JPY
54.22 JPY
118.82 JPY
Jan 1, 2022
4,591.91 JPY
149.95 JPY
104.48 JPY
Jan 1, 2023
4,371.92 JPY
83.15 JPY
18.80 JPY
Jan 1, 2024
4,371.17 JPY
51.77 JPY
94.75 JPY
Jan 1, 2025
4,419.44 JPY
94.05 JPY
73.45 JPY
Jan 1, 2026 (e)
4,491.28 JPY
134.76 JPY
64.64 JPY
Jan 1, 2027 (e)
4,515.58 JPY
0.00 JPY
69.10 JPY

Noritz business model & stock analysis

Noritz Corporation is a company that was founded in Japan in 1951. Since then, the company has developed and produced innovative heating and hot water systems for residential and commercial applications. Noritz is globally known for its leading role in the development of advanced technologies for hot water supply. History: Noritz began its history as a small company named Toho Gas Manufacturing Co. Ltd, specializing in the production of gas appliances for households. Over the years, the company expanded its product range and eventually obtained a patent for its gas circulation hot water heaters in 1962. This marked the beginning of Noritz's focus on the development and production of hot water heaters. In the 1980s, the company expanded its activities by entering the Chinese market and acquiring the US-based company Excel Tankless, which is now known as Noritz America Corporation. Since then, the company has expanded its reach to the global market, distributing its products in North America, Australia, and Europe. Business Model: Noritz is an innovative company that continuously develops new technologies for hot water supply. The company offers a wide range of products that meet different requirements. Noritz's business model is based on research and development, as well as the production and distribution of hot water heaters and heating systems. Noritz works closely with installers and professionals, providing them with comprehensive technical support and training. The company also has its own technical support department and customer service department to provide support to its customers. They also commit to compliance with environmental legislation and ensure that their products are environmentally friendly. Segments: Noritz divides its business activities into four areas: household appliances, commercial systems, building materials, and services. Household Appliances: To meet the needs of its users, Noritz offers a wide range of products for residential use. The range includes tankless hot water heaters, combination heating systems, boilers, heat pump systems, and solar systems. Commercial Systems: Noritz offers various tailored products specifically designed for commercial use. Heating systems, high-capacity hot water heaters, and combined heating and hot water systems are offered, as well as heat pump and solar systems. Building Materials: Noritz also offers building-related products such as PVC drainage pipes, plastic pipes, pipelines, and swimming pool heat exchangers. Services: Noritz supports installers with a variety of services, including online training, work materials, and technical support. Products: Noritz can provide customized solutions to meet customers' needs. Some of Noritz's main products include: Tankless Hot Water Heaters: An environmentally friendly and space-saving solution that quickly converts cold water into hot water. Combination Heating Systems: Boilers, combined heating and hot water systems, and heat pump solutions for residential and commercial applications. Boilers: High-efficiency, energy-efficient boilers with single or multi-family heating systems. Heat Pumps: Air source heat pumps that can be used for heating purposes and hot water supply. Solar Technology: Solar systems for hot water supply and heating, which are environmentally sustainable and save money in the long run. Swimming Pool Heat Exchangers: Highly efficient heat exchangers used in swimming pool heaters. Conclusion: Noritz is a leading company in the hot water supply and heating systems industry. The company continuously develops new and innovative technologies that are environmentally friendly and meet customers' needs. Noritz offers a wide range of products and services to support installers and customers. The company is committed to ensuring that all its products are environmentally friendly and meet the highest standards.

Noritz SWOT Analysis

Strengths

Noritz Corp is known for manufacturing high-quality products that meet industry standards and customer expectations. Their products are reliable, durable, and have a reputation for superior performance, making them a preferred choice among consumers.

With many years of experience in the industry, Noritz Corp has established a strong market presence both domestically and internationally. Their brand recognition, widespread distribution channels, and established customer base contribute to their competitive advantage.

Weaknesses

Noritz Corp primarily focuses on manufacturing tankless water heaters, which limits their product diversity. This narrow product range may hinder their ability to cater to the diverse needs and preferences of customers who may seek alternative heating solutions.

As a global company, Noritz Corp relies on global supply chains for sourcing materials and components. Disruptions in the supply chains, such as trade restrictions or natural disasters, may impact their production and delivery capabilities, potentially leading to delays and customer dissatisfaction.

Opportunities

As environmental consciousness increases, there is a growing demand for eco-friendly and energy-efficient products. Noritz Corp can seize this opportunity by expanding their product range to include sustainable heating solutions, such as solar-powered or hybrid systems, to attract environmentally-conscious customers.

Noritz Corp can explore untapped emerging markets where the demand for reliable and efficient water heating systems is rising. By expanding their global presence into these markets, they can diversify their customer base and increase their revenue streams.

Threats

The industry in which Noritz Corp operates is highly competitive, with several established and emerging players vying for market share. Intense competition can create price wars, erode profit margins, and require continuous innovation to stay ahead.

Changes in government regulations and safety standards can impact the manufacturing and sale of water heating systems. Compliance costs, new certifications, or restrictions on certain components or materials can add complexity to Noritz Corp's operations and potentially limit their market reach.

Noritz 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.

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

Noritz 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.

Noritz shares outstanding

The number of shares of Noritz was 45.72 M in 2025. This indicates how many shares Noritz is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2020
46.51 M Stocks
Jan 1, 2021
46.11 M Stocks
Jan 1, 2022
45.94 M Stocks
Jan 1, 2023
46.18 M Stocks
Jan 1, 2024
46.26 M Stocks
Jan 1, 2025
45.72 M Stocks
Jan 1, 2026 (e)
45.72 M Stocks
Jan 1, 2027 (e)
45.72 M Stocks

Noritz stock splits

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

Noritz Dividend History

37 years of dividend payments · 2 consecutive increases

YearAnnual DividendYoY ChangePayments
202571.00JPY 2.9%
Jun 27, 202535.00JPY 2.8%1/2
Dec 29, 202536.00JPY 2.9%2/2
202469.00JPY 30.2%
202353.00JPY 0.0%
202253.00JPY 36.1%
202183.00JPY 336.8%
202019.00JPY 40.6%
201932.00JPY 0.0%
201832.00JPY 0.0%
201732.00JPY 0.0%
201632.00JPY 0.0%

Noritz dividend history and estimates

In 2025, Noritz paid a dividend amounting to 71.00 JPY. Dividend means that Noritz distributes a portion of its profits to its owners.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Dividend (Estimate)
Special dividend
Details
Date
Dividend
Dividend (Estimate)
Special dividend
Jan 1, 2020
19.00 JPY
0.00 JPY
0.00 JPY
Jan 1, 2021
83.00 JPY
0.00 JPY
3.00 JPY
Jan 1, 2022
53.00 JPY
0.00 JPY
0.00 JPY
Jan 1, 2023
53.00 JPY
0.00 JPY
0.00 JPY
Jan 1, 2024
69.00 JPY
0.00 JPY
0.00 JPY
Jan 1, 2025
71.00 JPY
0.00 JPY
0.00 JPY
Jan 1, 2026 (e)
0.00 JPY
128.40 JPY
0.00 JPY
Jan 1, 2027 (e)
0.00 JPY
154.08 JPY
0.00 JPY

Noritz dividend payout ratio

In 2025, Noritz had a payout ratio of 96.66%. The payout ratio indicates the percentage of the company's profits that Noritz distributes as dividends.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2020
-29.33 %
Jan 1, 2021
69.85 %
Jan 1, 2022
50.73 %
Jan 1, 2023
281.97 %
Jan 1, 2024
72.82 %
Jan 1, 2025
96.66 %
Jan 1, 2026 (e)
198.64 %
Jan 1, 2027 (e)
222.97 %

Current Noritz forecasts and price targets in July 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy0.00 % (0)
Hold28.57 % (2)
Sell71.43 % (5)
12M Price Target
1,581.00
Last Price
2,336.00
Currency
JPY
12M Return Potential
-32.32 %
LTM Return
0 %

Noritz Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
8/11/2021-JPY40.94 BJPY2021 Q2
5/17/2021-JPY44.36 BJPY2021 Q1
2/12/2021-JPY56.67 BJPY2020 Q4
11/11/2020-JPY45.59 BJPY2020 Q3
8/11/2020-JPY39.30 BJPY2020 Q2
5/15/2020-JPY49.94 BJPY2020 Q1
2/13/2020-JPY61.80 BJPY2019 Q4
11/13/2019-JPY47.37 BJPY2019 Q3
8/8/2019-JPY47.49 BJPY2019 Q2
5/14/2019-JPY54.00 BJPY2019 Q1

Noritz shareholder structure

% Name
5.09206%
Noritz Corporation Customers
Noritz Corporation Customers
3.80374%
Sumitomo Mitsui Banking Corp
Sumitomo Mitsui Banking Corp
3.52595%
The Dai-ichi Life Insurance Company, Limited
The Dai-ichi Life Insurance Company, Limited
3.32472%
Chofu Seisakusho Co Ltd
Chofu Seisakusho Co Ltd
3.28097%
Nippon Active Value Fund PLC
Nippon Active Value Fund PLC
3.08630%
Dalton Investments, Inc.
Dalton Investments, Inc.
...

Noritz Executives and Management Board

SH

Mr. Satoshi Haramaki

(65)

President, Chief Executive Officer, Representative Director

MH

Mr. Masamine Hirosawa

(62)

Senior Managing Executive Officer, Chief Senior Director of Products, Director

MT

Mr. Masayuki Takenaka

(60)

Senior Managing Executive Officer, Chief Senior Director of International Business, Director · since 2016

KH

Mr. Kazushi Hirooka

(60)

Managing Executive Officer, Chief Senior Director of Business Strategy, Director · since 2016

HI

Mr. Hidenari Ikeda

(52)

Managing Executive Officer, Chairman of Subsidiaries, Chief Senior Director of Overseas Business, Director · since 2018

Frequently asked questions about Noritz

The business model of Noritz Corp revolves around the production and distribution of energy-efficient water heaters and related products. As a leading manufacturer in the field, Noritz Corp specializes in delivering innovative and technologically advanced solutions that prioritize energy savings, performance, and reliability. By continuously investing in research and development, Noritz Corp strives to meet the evolving global demand for energy-efficient and environmentally friendly water heating solutions. With its commitment to providing superior products and customer satisfaction, Noritz Corp has established itself as a trusted brand in the industry.

All fundamentals and in-depth analysis of Noritz

Our stock analysis for Noritz 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 Noritz. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.