Rinnai reports record sales, acquires Peruvian appliance company for 11 bn yen

Rinnai Corporation recorded record-high consolidated net sales of 216,415 million yen for the first two quarters of the fiscal year ending March 31, 2026, a 2.0% increase year-on-year. Operating income also reached a record 22,725 million yen, up 8.2%, with ordinary income rising 13.2% to 25,272 million yen. Net income attributable to owners of the parent company increased by 30.0% to 15,918 million yen, driven by strong demand for high-value-added products and effective cost reduction efforts.

Amidst these financial results, Rinnai announced the acquisition of all shares of MT Industrial S.A.C., a Peruvian housing appliance sales company, on October 31, 2025, for an approximate acquisition cost of 11,000 million yen. This strategic move aims to expand Rinnai’s business scale in Latin America, a key initiative under its "New ERA 2025" medium-term business plan, leveraging Peru's growing market and MT Industrial’s strong sales network for further regional expansion.

The company maintains its full-year forecast for the fiscal year ending March 31, 2026, anticipating net sales of 470,000 million yen, operating income of 50,000 million yen, and net income attributable to owners of the parent of 33,000 million yen, targeting a dividend of 100.00 yen per share.