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Rinnai Corporation
5947.JP
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Tranche Update on Rinnai Corporation's Equity Buyback Plan announced on May 9, 2025.

From October 1, 2025 to November 4, 2025, the company has repurchased 766,900 shares, representing 0.55% for ¥2,646.25 million. With this, the company has completed the repurchase of 2,761,800 shares, representing 1.97% for ¥9,999.71 million under the buyback announced on May 9, 2025.

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Rinnai Corporation Reports Record-High Earnings Growth

Rinnai Corporation (RINIF) reported record-high earnings for Q2, with net sales increasing by 2.0% to ¥216,415 million and operating income rising by 8.2% to ¥22,725 million. Net income attributable to owners surged by 30.0% to ¥15,918 million. The growth was driven by demand for high-value products and effective cost management, particularly in the U.S. and Australia, despite challenges in China. Rinnai is focused on its New ERA 2025 plan to enhance product offerings and expand into emerging markets.

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Rinnai Corporation Updates on Share Buyback Progress

Rinnai Corporation has updated its share buyback program, acquiring 1,665,100 shares for ¥6,134,560,000 as of August 31, 2025. The buyback, approved in May 2025, will continue until November 28, 2025, aimed at enhancing shareholder value. The current analyst rating for Rinnai (JP:5947) is a Hold with a price target of ¥4,100. Rinnai specializes in manufacturing heating appliances and is listed on the Tokyo and Nagoya Stock Exchanges.

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