Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Rinnai Reports Results and Plans Strategy
Jul 28, 2006
 Printable format
 Email this Article
 Search

Cooking and water heating appliances maker Rinnai Corporation (Nagoya, Japan) yesterday released its financial results for the fiscal year March 31, 2006, reporting total net sales of 212.9 billion yen (approx. U.S. $1.9 billion), up 5.4 percent over the previous year.

Rinnai reported that 70.1 percent of its sales were in Japan, 19.7 percent was in other Asian nations (South Korea, China, Taiwan, Thailand, and Singapore) and 10.1 percent of its sales were in other markets (Australia, New Zealand and the U.S.).

The company said it has maintained it industry leadership position in Japan, even in a decade in which the domestic gas appliance market shrank by approximately 25 percent.

Rinnai's report stated that, "The gas industry still faces a serious challenge posed by the shift to 'all-electric homes.' Rinnai therefore confronts
very stiff competition from makers of electrical appliances."

The all-electric home has a futuristic image in Japan, the company said, but gas offers consumer convenience advantages.

"The industry as a whole is putting considerable efforts into so-called 'Eco-Jozu' (environmentally friendly) high-efficiency hot-water units. Rinnai, too, plans to strengthen its lineup of these products," the company stated.

Back to Daily News

 

Daily News

...........................................................

Dec 17, 2014: Bosch names Kenny head of marketing

Dec 17, 2014: Multifamily Production Index off its peak, but still positive

Dec 17, 2014: AHRI launches two new certification programs

Dec 16, 2014: Ar├želik awarded for fridge with integrated ice-cream bowl

Dec 16, 2014: Report: appliance segment at the top of 2014 reshoring list

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows