Rinnai Corporation Reports Record-High Earnings Growth
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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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