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Original Kitchen And Bathroom Jun Kitchen And Bathroom Headlines
According to the financial reports previously released by TOTO and Lixil, the first fiscal quarter (April-June 2022) sales of the two bathroom giants have increased. ໃນບັນດາພວກເຂົາ, TOTO’s single quarter sales reached 153.5 ຕື້ເຢນ (ກ່ຽວກັບ 7.782 ຕື້ຢວນ), and Lixil even reached 360.3 ຕື້ເຢນ (ກ່ຽວກັບ 18.303 ຕື້ຢວນ), ການເພີ່ມຂຶ້ນຂອງ 5% ແລະ 4% ຕາມລໍາດັບ. ແນວໃດກໍ່ຕາມ, the earnings performance of the two giants differed significantly.
TOTO net profit increased by 17%, while Lixil decreased by 65.9%. The latter said it was mainly caused by a decrease in profitability. It is reported that its April-June business profit margin decreased to 1.9% from 6.7% in the same period last year.
In addition to the two giants, Japan also has Rinnai, Takara Standard, KVK, Cleanup, SANEI and other bathroom-related companies. Although these companies have sales growth of varying degrees from April to June, they are also facing the same dilemma of reduced net profit or slower growth. It has the largest net profit drop of more than 80%. Some companies said they will increase prices in the near future to offset the continued high prices of raw materials and energy costs.
Rinnai
Sales from April to June were 4.675 ຕື້ຢວນ, ການເພີ່ມຂຶ້ນຂອງ 12.45%
Shanghai branch sales were about 588 ລ້ານຢວນ
Although Rinnai’s main product is water heater, it also produces bathroom products, including bathtubs, bathroom TVs, bath bombs, ແລະອື່ນໆ. According to the first fiscal quarter report, Rinnai achieved sales of 95.0 ຕື້ເຢນ (ກ່ຽວກັບ 4.675 ຕື້ຢວນ) ຈາກເດືອນເມສາຫາເດືອນມິຖຸນາ, ການເພີ່ມຂຶ້ນຂອງ 12.45% year on year. Net income attributable to shareholders of the parent company was 7.01 ຕື້ເຢນ (ກ່ຽວກັບ 345 ລ້ານຢວນ), ການເພີ່ມຂຶ້ນຂອງ 13.3% ປີຕໍ່ປີ. Both sales and net income in the first fiscal quarter set new records in Rinnai’s history.
Rinnai bathtub products
In the financial report, Rinnai separately listed the operation of each major branch worldwide. It showed that Rinnai Shanghai’s sales and operating profit from April to June were 11.94 ຕື້ເຢນ (ກ່ຽວກັບ RMB 588 ລ້ານ) ແລະ 1.78 ຕື້ເຢນ (ກ່ຽວກັບ RMB 88 ລ້ານ) ຕາມລໍາດັບ, ຂຶ້ນ 6.2% ແລະ 3.6% ປີຕໍ່ປີ. ແນວໃດກໍ່ຕາມ, in terms of local currency, i.e., RMB, they decreased by 6.0% ແລະ 8.4%, ຕາມລໍາດັບ. It is reported that Shanghai Rinnai’s main products are water heaters, gas furnaces and hoods. Its scale of operation is larger than that of the U.S. branch and the Australian branch.
Takara Standard
Sales from April to June increased by 9.0% ກັບ $2.675 ຕື້
Product selling prices have been increased in the reporting period
Takara Standard reported sales of 54.354 ຕື້ເຢນ (2.675 ຕື້ຢວນ) for the April-June quarter, ຂຶ້ນ 9.0% ຈາກໄລຍະດຽວກັນຂອງປີກາຍນີ້, according to the company’s first-quarter report released on August 9. Sales of the three businesses were 32,666 ລ້ານເຢນ, 12,913 million yen and 5,995 ລ້ານເຢນ, ຂຶ້ນ 10.9%, 6.6% ແລະ 10.7%, ຕາມລໍາດັບ. ໃນລະຫວ່າງໄລຍະເວລາດຽວກັນ, Takara Standard achieved net income attributable to shareholders of the parent company of 2,289 ລ້ານເຢນ, ການຫຼຸດລົງຂອງ 15.7% ປີຕໍ່ປີ.
Takara Standard Smart Toilet Products
Regarding the current market situation, Takara Standard said that from April to June, although the Japanese economy returned to normal and personal consumption showed the first signs of recovery, there is still uncertainty about the future development in view of high raw material and energy prices and the rebound of the epidemic, ແລະອື່ນໆ. Takara Standard revealed that the company adopted measures to improve the selling price of its products in the first fiscal quarter, curb selling expenses, and Takara Standard revealed that the company improved its earnings in the first fiscal quarter by raising product prices, curbing selling expenses and improving production efficiency.
KVK
Sales from April to June increased by 2.9% ກັບ $348 ລ້ານ
Product prices will be raised again in October
In April-June, KVK achieved sales of 7,070 ລ້ານເຢນ (ກ່ຽວກັບ RMB 348 ລ້ານ), ການເພີ່ມຂຶ້ນຂອງ 2.9% ປີຕໍ່ປີ. KVK said that although the company carried out a round of price increase in April this year to cope with the high cost of raw materials and energy, net profit attributable to shareholders of the parent company was 258 ລ້ານເຢນ, ການຫຼຸດລົງຂອງ 63.4%. ແນວໃດກໍ່ຕາມ, net profit was still missing growth due to the impact of the yen exchange rate. For this reason, the company expects to increase the selling price of some products again in October this year.
KVK faucet products
According to the financial report, KVK launched a series of new products from April to June, including faucet products that can be matched with small-sized bathroom cabinets. ໃນເວລາດຽວກັນ, the financial report revealed that KVK’s new factory will be completed and put into production within this fiscal year.
Cleanup
Sales from April to June were NT$1.437 billion, ການເພີ່ມຂຶ້ນຂອງ 8.6%
Bathroom business accounted for only 13.4%
According to Cleanup’s first-quarter report, the company’s sales from April to June were 29.206 ຕື້ເຢນ (ກ່ຽວກັບ RMB 1.437 ຕື້), ການເພີ່ມຂຶ້ນຂອງ 8.6% ປີຕໍ່ປີ. Although sales increased year-on-year, they were affected by higher raw material and energy prices. Operating profit, ordinary profit and net profit attributable to shareholders of the parent company decreased by 42.5%, 34.5% ແລະ 35.1% respectively in the same period, with net profit of only 488 ລ້ານເຢນ.
Cleanup bathroom cabinet products
Cleanup has a kitchen division and a bathtub/vanity division, with sales in the kitchen division increasing 10.3% from a year earlier to 23.227 ຕື້ເຢນ, ການບັນຊີສໍາລັບ 79.5% of total revenue. Cleanup’s products also include complete bathrooms, but no specific sales figures have been released.
SANEI
Sales from April to June were 320 ລ້ານເຢນ, ຂຶ້ນ 15.0%
Carbon Neutral Working Group established during the reporting period
According to SANEI’s (formerly Sanei Water Bolt) first fiscal quarter report, the company achieved sales of 6.423 ຕື້ເຢນ (ປະມານ RMB 320 ລ້ານ) ຈາກເດືອນເມສາຫາເດືອນມິຖຸນາ, ການເພີ່ມຂຶ້ນຂອງ 15.0% ປີຕໍ່ປີ. Despite the increase in revenue, operating profit and net profit for the same period decreased significantly by 72.4% ແລະ 83.1% to only 0.97 billion yen and 0.35 ຕື້ເຢນ.
SANEI faucet products
According to SANEI’s policy briefing held in July, the company’s management theme for this year is “Think Life. The main measures include the establishment of a working group to promote carbon neutrality, the study of reducing the materials used for product packaging, the reduction of factory waste emissions, ແລະອື່ນໆ, and the request for cooperation with partner companies in terms of quality, cost, and delivery time.