Noritz Corporation

TSE:5943 Stock Report

Market Cap: JP¥105.1b

Noritz Past Earnings Performance

Past criteria checks 2/6

Noritz's earnings have been declining at an average annual rate of -11.9%, while the Consumer Durables industry saw earnings growing at 3.2% annually. Revenues have been growing at an average rate of 1.8% per year. Noritz's return on equity is 4.4%, and it has net margins of 3.2%.

Key information

-11.89%

Earnings growth rate

-11.78%

EPS growth rate

Consumer Durables Industry Growth6.80%
Revenue growth rate1.80%
Return on equity4.43%
Net Margin3.18%
Next Earnings Update07 Aug 2026

Recent past performance updates

Recent updates

Analysis Article • Feb 13

Noritz Corporation's (TSE:5943) 25% Price Boost Is Out Of Tune With Earnings

Despite an already strong run, Noritz Corporation ( TSE:5943 ) shares have been powering on, with a gain of 25% in the...
Analysis Article • May 14

Noritz Corporation's (TSE:5943) Shareholders Might Be Looking For Exit

Noritz Corporation's ( TSE:5943 ) price-to-earnings (or "P/E") ratio of 20.3x might make it look like a strong sell...
Analysis Article • Apr 07

Noritz (TSE:5943) Takes On Some Risk With Its Use Of Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Feb 20

Noritz (TSE:5943) Strong Profits May Be Masking Some Underlying Issues

The recent earnings posted by Noritz Corporation ( TSE:5943 ) were solid, but the stock didn't move as much as we...
Analysis Article • Aug 05

Noritz (TSE:5943) Has A Somewhat Strained Balance Sheet

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Revenue & Expenses Breakdown

How Noritz makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSE:5943 Revenue, expenses and earnings (JPY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 26200,8246,38957,3000
31 Dec 25202,0493,35858,1700
30 Sep 25203,6212,70659,1240
30 Jun 25204,7155,94159,0820
31 Mar 25204,5095,52859,5880
31 Dec 24202,2044,38359,8080
30 Sep 24198,2812,64358,5760
30 Jun 24198,151-54759,3030
31 Mar 24198,142-11559,2720
31 Dec 23201,89186859,0930
30 Sep 23205,5873,13159,8140
30 Jun 23215,0145,34660,6620
31 Mar 23221,7976,46660,5650
31 Dec 22210,9664,80059,0280
30 Sep 22190,7471,47457,1580
30 Jun 22179,78996655,0180
31 Mar 22172,4471,05354,1680
31 Dec 21178,1425,47953,8030
30 Sep 21194,3699,30354,6570
30 Jun 21194,5348,78254,2410
31 Mar 21188,3467,50452,1260
31 Dec 20183,859-3,01352,0720
30 Sep 20188,648-3,84354,4220
30 Jun 20196,250-4,29956,2820
31 Mar 20202,267-5,30059,2690
31 Dec 19208,3961,51260,9560
30 Sep 19208,8464,55060,5800
30 Jun 19204,5573,92460,5260
31 Mar 19207,1804,74860,8210
31 Dec 18209,8685,77861,0600
30 Sep 18211,3213,44560,9910
30 Jun 18213,6823,51161,4940
31 Mar 18214,5064,49861,7350
31 Dec 17214,6485,40261,8120
30 Sep 17212,9307,02161,4300
30 Jun 17212,2485,62060,6190
31 Mar 17211,6405,81260,0770
31 Dec 16211,8724,65460,1800
30 Sep 16211,7951,03660,2790
30 Jun 16215,575-2,95062,5730
31 Mar 16218,149-4,00664,4580
31 Dec 15218,909-3,95865,1100
30 Sep 15219,747-3,40165,1670

Quality Earnings: 5943 has a large one-off gain of ¥4.2B impacting its last 12 months of financial results to 31st March, 2026.

Growing Profit Margin: 5943's current net profit margins (3.2%) are higher than last year (2.7%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 5943's earnings have declined by 11.9% per year over the past 5 years.

Accelerating Growth: 5943's earnings growth over the past year (15.6%) exceeds its 5-year average (-11.9% per year).

Earnings vs Industry: 5943 earnings growth over the past year (15.6%) did not outperform the Consumer Durables industry 20.6%.

Return on Equity

High ROE: 5943's Return on Equity (4.4%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/09 21:35
End of Day Share Price 2026/07/09 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Noritz Corporation is covered by 6 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Maoki MatsunoDaiwa Securities Co. Ltd.
Yoji OtaniDeutsche Bank
Mark BrownHaitong International Research Limited