TOKYO, May 14 (Pulse News Wire) – Noritz Corporation (5943.T) reported its first quarter results for the fiscal year ending December 2026. Despite economic challenges, the company saw a net profit of ¥44.50 billion, up 31.6% compared to the same period last year, primarily due to investment securities sales.
Revenue declined by 1.9% to ¥516 billion amid rising raw material costs and ongoing inflationary pressures. In the domestic sector, revenue increased by 10.7% to ¥380 million, driven by higher sales of high-value-added and eco-friendly products. However, cost increases led to a decrease in operating income by 2.9%.
In contrast, overseas operations faced a 13.3% drop in revenue to ¥142.7 million, resulting in lower profitability across regions except North America and Southeast Asia. As of March 31, 2026, total assets stood at ¥233.2 billion, down 1.6%, while liabilities decreased by 8.2% to ¥86 million. Shareholders’ equity grew by 2.1% to ¥142.7 million, maintaining a strong capital ratio.
Noritz remains committed to its mid-term plan “V Plan 26,” focusing on restructuring and expanding into new markets to ensure sustainable growth and enhance shareholder value.
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