Today I will talk about NORITZ, a major manufacturer and seller of gas and oil water heaters.
* The above images are from NORITZ’s website.
NORITZ manufactures gas and oil water heaters used in baths, kitchens, and housing equipment such as floor heating.
It sells them to gas companies such as Tokyo Gas and Osaka Gas.
They are developing overseas, mainly in China, the United States, and Australia.
About 30% of their sales are currently from overseas markets.
￥1,836 （9/29 last closing price) Trading unit: 100
The latest stock price ← click here
The final month of the settlement: December
Dividend yield 4.52 %
PER 11.11 PBR 0.75
Equity ratio 55.7 %
NORITZ was founded in 1951, so this year marks its 70th anniversary.
Sales are decreasing due to the withdrawal of unprofitable businesses, but profits are increasing.
Sales are strong in Japan due to increased replacement demand, and are on a recovery trend overseas.
Note: You should be responsible for your own investment. Please make your own final judgment.