Medium-Term Business Plan

Positioning of Medium-Term Business Plan "G-shift 2020"

"3Gs" shift to new Rinnai

Five Group-Wide Theme

1. Branding

2. Formulate and Share Long-Term Roadmap

3. Expand Business Domains

4. Optimally Allocate Business Resources

5. Improve Business Efficiency and Management Quality

Three Process Reforms

Medium-Term Business Plan (April 2018–March 2021)

<<Consolidated>>
[Billions of Yen]
Medium-Term Business Plan "G-Shift 2020"
Fiscal
2019
Fiscal
2020
Fiscal
2021
Plan Actual Initial
plan
Revised
plan
Initial
plan
Revised
plan
Net Sales 360.0 348.0 388.0 356.0 410.0 372.0
Breakdown Domestic 180.0 172.5 183.0 176.0 185.0 178.5
Overseas 180.0 175.5 205.0 180.0 225.0 193.5
(Overseas
sales ratio)
50.0% 50.4% 52.8% 50.6% 54.9% 52.0%
Operating Income 36.0 30.8 39.0 32.0 42.0 34.0
Operating Margin 10.0% 8.9% 10.1% 9.0% 10.2% 9.1%