Noritz (5943) AI Stock Analysis

• Market Cap: ¥76.23B
• Dividend Yield: 3.6%
• Average Volume (3M): 87.43K
• Price to Earnings (P/E): 18.5
• Beta (1Y): 0.42
• Revenue Growth: 0.16%
• EPS Growth: 402.60%
• Country: JP
• Employees: 6,128
• Sector: Industrials
• Sector Strength: 70
• Industry: Construction
• EPS (TTM): 94.78
• Shares Outstanding: 48,554,930
• 10 Day Avg. Volume: 85,760
• 30 Day Avg. Volume: 87,433
• PEG Ratio: 0.05
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

Noritz's overall score is driven by its stable financial position, strong balance sheet, and attractive dividend yield. However, the lack of growth in revenue and profitability pressures, alongside unfavorable technical indicators, weigh down the score. The valuation is reasonable, but the company needs to enhance profitability and market expansion to improve its stock performance.

Noritz Business Overview & Revenue Model

Company Description

Noritz Corporation (5943) is a Japanese company specializing in the design, manufacture, and sale of water heaters and related products. It operates primarily in the home appliance sector, focusing on energy-efficient solutions for residential and commercial use. The company's product lineup includes tankless water heaters, boilers, and gas appliances, catering to both domestic and international markets.

How the Company Makes Money

Noritz makes money primarily through the sale of its water heating products, targeting both residential and commercial customers. Its revenue streams include direct sales of water heaters and related equipment, as well as installation and maintenance services. The company also benefits from partnerships with distributors and retailers, enhancing its market reach. Additionally, Noritz invests in research and development to innovate and improve its product offerings, which helps maintain its competitive edge in the industry. The company's focus on energy-efficient and environmentally friendly products aligns with global trends, contributing positively to its earnings.

Noritz Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
202.20B	201.89B	210.97B	178.14B	183.86B
	Gross Profit
63.14B	63.83B	67.32B	57.19B	58.01B
	EBIT
2.40B	3.84B	6.89B	4.05B	4.76B
	EBITDA
10.34B	11.06B	13.78B	8.89B	11.89B
	Net Income Common Stockholders
4.38B	868.00M	4.80B	5.48B	-3.10B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
29.02B	26.14B	36.25B	43.53B	30.92B
	Total Assets
223.77B	207.77B	216.97B	194.53B	189.73B
	Total Debt
3.79B	2.53B	2.11B	849.00M	865.00M
	Net Debt
-25.23B	-23.61B	-34.14B	-42.58B	-29.96B
	Total Liabilities
86.83B	81.11B	97.32B	78.34B	78.76B
	Stockholders Equity
132.07B	122.06B	115.35B	112.09B	107.27B
Cash Flow		Free Cash Flow
1.60B	-9.59B	-2.03B	11.82B	4.63B
	Operating Cash Flow
8.62B	-1.87B	2.40B	15.45B	9.41B
	Investing Cash Flow
-6.00B	-5.66B	-7.79B	-2.52B	-5.43B
	Financing Cash Flow
-2.48B	-3.23B	-4.78B	-3.12B	-4.32B

Noritz Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1758.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5943, the sentiment is Positive. The current price of 1758 is above the 20-day moving average (MA) of 1703.60, above the 50-day MA of 1729.80, and above the 200-day MA of 1741.64, indicating a bullish trend. The MACD of 4.21 indicates Negative momentum. The RSI at 52.76 is Neutral, neither overbought nor oversold. The STOCH value of 75.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:5943.

Noritz Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
5942	70 Outperform	¥10.72B	18.95		5.62%	-1.59%	-53.73%
5957	66 Neutral	¥21.79B	9.70		3.34%	5.20%	28.05%
5984	65 Neutral	¥9.05B	6.42		3.53%	-3.00%	88.74%
Sector *	63 Neutral	$4.28B	11.33	5.43%	214.88%	4.12%	-8.65%
5943	62 Neutral	¥76.23B	18.53	3.43%	3.60%	0.16%	402.60%
5951	58 Neutral	¥10.57B	12.16		3.35%	-5.57%	-1.82%
5959	48 Neutral	¥38.61B	―		3.35%	-13.24%	84.10%

Noritz Corporate Events

Noritz Corporation Updates on Share Repurchase Progress

Noritz Corporation announced the progress of its share repurchase program, which was resolved at the Board of Directors’ meeting in February 2025. As of March 31, 2025, the company has acquired 154,700 of its common shares at a total cost of 278,657,530 yen, with plans to continue purchasing up to 1,400,000 shares by the end of the year. This move is part of Noritz’s strategy to enhance shareholder value and optimize its capital structure.

Noritz’s Strategic Shift Amidst Economic Challenges

Noritz Corporation’s fiscal 2024 results reflect a challenging economic landscape, with slight increases in net sales but a significant drop in operating income. Under its new ‘V-plan 26,’ Noritz is prioritizing business portfolio transformation, strategic investments, and sustainability management to adapt to market changes. The company recorded substantial growth in net income due to investment securities sales and plans to rebuild its existing businesses with a focus on residential water heaters and thermal solutions in Japan, and expanding sales in North America and China.