Noritz (5943.T) Stock Price

Noritz Price

JPX·CLOSED
2,294.00
​
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 0.6% 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 3.10%. 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 31.1% below where the stock trades today. Of 7 analysts, 0 rate the stock a buy — an overall Sell consensus.

Noritz stock price

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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.

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.

Noritz Corp is primarily active in the industries of manufacturing and selling of housing equipment, including gas appliances.

The main competitors of Noritz Corp in the market are Rheem Manufacturing Company, Rinnai Corporation, and A.O. Smith Corporation.

Noritz Corp, a renowned company in the market, has an impressive history and background. Established in (year), Noritz Corp has emerged as a leading player in the (industry/sector). With a strong focus on (specific products/services), the company has continuously thrived and expanded its operations globally. Noritz Corp's commitment to innovation, quality, and customer satisfaction has given them a competitive edge in the market. Over the years, they have built a strong reputation for delivering top-notch (products/services) that cater to the diverse needs of their customers. With their rich history and expertise, Noritz Corp is poised to continue growing and leading the industry for years to come.

Noritz Corp, a leading company in the plumbing industry, has achieved impressive milestones throughout its history. With a relentless focus on innovation and customer satisfaction, Noritz Corp has continually revolutionized the water heating industry. Some significant milestones include the development of the first tankless water heater in 1960, establishing its global presence in the 1980s, and becoming a trusted brand in the market. Noritz Corp has consistently introduced groundbreaking technologies, such as the use of stainless steel components, ensuring durable and efficient products for consumers worldwide. With a rich history of achievements, Noritz Corp remains at the forefront of providing innovative heating solutions.

Noritz Corp is primarily present in Japan, where the company is headquartered.

Noritz Corp represents a set of core values and corporate philosophy that guide its operations and decision-making. The company is committed to providing high-quality products and services in the field of water heating and energy conservation. Noritz Corp places great emphasis on customer satisfaction by continuously pursuing innovation and improvement. With a focus on environmental sustainability, the company prioritizes energy-efficient solutions and responsible resource management. Noritz Corp also values integrity, professionalism, and social responsibility, aiming to contribute to the betterment of society through its business practices. Through its adherence to these values and philosophy, Noritz Corp has established itself as a trusted and reputable leader in the industry.

Analysts currently set an average price target of 1,581.00 JPY for the Noritz stock (median: 1,581.00 JPY), implying -31.1 % versus the latest price. The consensus is based on 7 analyst ratings.

7 analysts currently rate the Noritz stock: 0 recommend buying, 2 holding and 5 selling. For 2026, analysts expect Noritz to generate revenue of 211.40 B JPY and earnings per share of 178.53 JPY.

Converted at the current exchange rate, the Noritz share trades at 12.94 EUR (2,294.00 JPY).

The Noritz share (5943.T) is listed on 2 stock exchanges, including: Tokio (JPX) (5943.T).

The Noritz Corporation is a Japanese company that was founded in 1951. The company is headquartered in Kobe, Japan, and employs over 1,200 employees worldwide. Noritz Corp is a leading manufacturer of gas and propane systems, including tankless water heaters, hot water storage, boilers, and gas furnaces. The business model of Noritz Corp is based on the production, sale, and distribution of high-quality gas and propane systems for the residential, commercial, and industrial sectors. Noritz Corp continuously develops new products to meet the needs of its customers and to comply with changing environmental conditions. The company's three main divisions are: 1. Tankless Water Heaters: Noritz Corp is one of the leading manufacturers of tankless water heaters, which provide a constant and reliable source of hot water for households, commercial, and industrial buildings. Noritz Corp's tankless water heaters are energy-efficient and can be operated with propane gas or natural gas. 2. Hot Water Storage: Noritz Corp also offers hot water storage solutions that provide reliable hot water supply for homes, shops, and industrial facilities. Noritz Corp's hot water storage units are energy-efficient and can be operated with gas or electric power sources. 3. Boilers and Gas Furnaces: Noritz Corp also manufactures boilers and gas furnaces that are suitable for heating residential and commercial buildings. Noritz Corp's boilers and gas furnaces are efficient and durable, providing a constant and reliable source of heat. The company has a strong research and development team that continuously works on improving and innovating its products. Noritz Corp also provides technical support and training to its customers to ensure proper installation and maintenance of the products. Noritz Corp is committed to environmentally friendly manufacturing practices and advocates for the protection of air, water, and soil. The company has a zero-emission policy and is working to reduce its emissions and waste products. Overall, Noritz Corp has a successful business model with a wide range of products for the residential, commercial, and industrial sectors. The company prioritizes quality, innovation, and environmental consciousness and has become a leading company in the gas and propane industry.

The expected revenue of Noritz is 211.40 B JPY. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Noritz is 8.16 B JPY. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Noritz is currently 12.85. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Noritz stock.

The price-to-sales ratio (P/S) of Noritz is currently 0.50. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Noritz stock.

The Eulerpool Quality Score for Noritz is 1/10.

The ISIN of Noritz is JP3759400009. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Noritz is 877117. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Noritz is 5943.T. The ticker symbol is used to trade Noritz shares on the stock exchange.

Fair ValueTerminal
2,156.36 JPY
Over-/UndervaluationTerminal
Fairly valued
Sector
Industry
Building Products
Number of shares
Employees
Revenue per Employee
23.80 M JPY
Revenue growth Ø5 years
EBIT growth Ø5 years
Net Income growth Ø5 years
Website noritz.co.jp
Country
Currency
JPY
Initial public offering
Aug 1, 1984
ISIN
JP3759400009
Cusip
J59138115
Sedol
6643896
Market capitalization
104.88 B JPYLarge Cap
52-Week Range
PEG
-1.28
P/E ratio
P/Ee 2026
12.85
P/Ee 2027
22.62
P/Ee 2028
29.73
P/S
P/Se
0.50
EV/EBIT
13.96
P/B Ratio
0.75
ROE (Return on Equity)
ROA (Return on Assets)
ROCE (Return on Capital Employed)
ROIC (Return on Invested Capital)
2.30 %
Dividend
Dividend yield
3.10 %
Est. Dividend Yield
4.10 %
Payout Ratio
96.65 %
Dividend growth Ø5Y
-3.07 %
Dividend payments per year
2
Dividend paid since
37 years
Dividend not reduced since
3 years
Dividend increased since
2 years
Dividend withholding tax
15.32 %
Last updated Nov 11, 2026, 8:43 AM

Noritz Ticker

JPX · 5943.TOTC · NRTZF

Noritz FIGI

5943:JP · BBG000BGFMJ65943:JT · BBG000BGFMY95943:JJ · BBG000BGFSZ55943:JE · BBG000BGFVT55943:JI · BBG000BGFWK2NRTZF:US · BBG000KCPXM6NRTZF:UV · BBG000KCQ8P75943:JU · BBG002QK66575943:JW · BBG00875BKM25943JPY:X2 · BBG00JZ5CC535943JPY:XB · BBG00JZ5CC625943JPY:XH · BBG00JZ5CC80

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.