Expansion of the Residential Equipment Business in Response to Environmental and Energy Changes

「Under “Rebuilding the business portfolio toward a decarbonized society,” the Company continued efforts to rationalize production and expand production capacity for heat-pump equipment, including EcoCute.」

「In addition to pursuing production rationalization and expanding facilities for heat pump equipment such as EcoCute, the Company added the “Korona Eco-Dan System 6.0” hot-water heating system to its product lineup. The system uses a high-efficiency heat pump as its heat source and combines comfort with energy efficiency.」

「Under “Rebuilding the business portfolio toward a decarbonized society,” the Group worked to rationalize production and expand capacity for heat-pump equipment, including EcoCute, and added the “Corona Eco-Dan System 6.0,” a hot-water heating system that uses highly efficient heat pumps as its heat source and combines comfort with energy efficiency, to its product lineup.」

「Under “restructuring the business portfolio for a decarbonized society,” the Company worked to expand production facilities for heat pump equipment such as EcoCute, and added the “Korona Eco-Dan System 6.0,” a hot-water heating system that uses a high-efficiency heat pump as its heat source and combines comfort with energy efficiency, to its product lineup.」

「■10th Medium-Term Management Plan (FY2025–FY2027) Basic strategies 1. Restructuring the business portfolio for a decarbonized society Expanding equipment that helps reduce CO2 emissions to contribute to the realization of a sustainable society, while providing equipment with high resilience that enables people to maintain healthy lives in both ordinary times and emergencies」

「Revenue from residential equipment was ¥17,903 million, up 12.1% from the same interim period of the previous year. Sales of EcoCute, for which the Company actively pursued proposals by taking advantage of the government subsidy program, and heat pump units for residential hot-water and heating systems remained strong.」

「Revenue from residential equipment was ¥26,392 million, down 5.4% year on year. The Company advanced sales activities centered on EcoCute products that improved energy efficiency and comfort through features such as integration with the “Korona Kaiteki Home” app for using surplus solar-generated electricity, as well as oil-fired water heaters with high-efficiency, high-value-added functions. However, residential equipment revenue as a whole fell below the same quarter of the previous year due to fewer housing starts, consumers postponing purchases, and the reaction to the strong sales recorded in the previous year.」

「Revenue from residential equipment was ¥15,978 million, down 11.2% year on year. The Company advanced sales activities centered on EcoCute products that improved energy efficiency and comfort through features such as integration with the “Korona Kaiteki Home” app for using surplus solar-generated electricity, as well as oil-fired water heaters with high-efficiency, high-value-added functions. However, residential equipment revenue as a whole fell below the same quarter of the previous year due to fewer housing starts, consumers postponing purchases, and the reaction to the strong sales recorded in the previous year.」

「Under “expansion of the heat pump/electrification business,” the Company began supplying hot-water storage tank units for residential fuel-cell cogeneration systems to a major home-appliance manufacturer.」

「Revenue from residential equipment was ¥36,993 million, up 17.2% from the previous fiscal year. Sales of the core products EcoCute and oil-fired water heaters remained strong as the Company worked to ensure stable supply, expanded sales of high-efficiency, high-value-added oil-fired water heaters, and benefited from growing replacement demand for EcoCute.」

「Revenue from residential equipment was ¥27,887 million, up 16.6% year on year. EcoCute and oil-fired water heaters were supplied steadily, while sales also remained strong as the Company expanded sales of high-efficiency, high-value-added oil-fired water heaters and benefited from growing replacement demand for EcoCute. As a result, total residential equipment revenue exceeded the same quarter of the previous year.」

「Among these initiatives, under “expansion of the heat pump/electrification business,” the Company began supplying heat pump units for residential hot-water and heating systems to a major gas-appliance manufacturer, in addition to...」

「Residential-equipment revenue was ¥9,090 million, up 23.5% year on year. Although there were concerns about the stable procurement of electronic components and other items for EcoCute and kerosene water heaters, total residential-equipment sales exceeded the same quarter of the previous year, supported by a partial recovery in the housing market, improved product supply conditions, and strong sales of high-efficiency, high-value-added kerosene water heaters and EcoCute.」

「1. Expansion of the heat-pump and electrification businesses Development and wider adoption of environmentally friendly equipment using renewable energy, and research and development of products and services in line with energy diversification」

「Residential-equipment revenue was ¥23,910 million, up 5.2% year on year. Although procurement difficulties caused by the global shortage of electronic components affected production and sales activities for EcoCute and kerosene water heaters, partial recovery in the housing market and growing replacement demand for EcoCute resulted in total residential-equipment sales above the same quarter of the previous year.」

「Residential-equipment revenue was ¥15,349 million, up 12.0% year on year. EcoCute, our core product, performed strongly as we pursued sales activities centered on the top-end model with excellent energy-saving performance amid the expanding adoption of ZEH (net-zero-energy-house) homes and growing replacement demand, while responding flexibly to production and product supply. We also expanded sales of high-efficiency, high-value-added kerosene water heaters, which exceeded the same quarter of the previous year, and the partial recovery of the housing market supported sales, resulting in total residential-equipment sales above the same quarter of the previous year.」

「Residential-equipment revenue was ¥7,358 million, up 11.8% year on year. EcoCute, our core product, performed strongly as we pursued sales activities centered on the top-end model, which offers industry-leading energy-saving performance, amid the expanding adoption of ZEH (net-zero-energy-house) homes and growing replacement demand, while also responding flexibly to production and product supply.」

「Residential-equipment revenue was ¥31,070 million, up 2.0% from the previous fiscal year.」

「Residential-equipment revenue was ¥22,741 million, down 0.6% year on year. EcoCute performed steadily as we pursued sales activities centered on the top-end model, which offers industry-leading energy-saving performance, amid the expanding adoption of ZEH (net-zero-energy-house) homes and growing replacement demand. Aqua Air products, including NanoFeel multifunction humidifiers equipped with air-purification and disinfection functions, also performed well. However, last year saw rush demand ahead of the consumption-tax increase, while this year a series of events such as trade shows and business meetings were canceled because of the COVID-19 pandemic. The resulting stagnation in sales activities for water-heating systems and other products also had an impact, and total residential-equipment sales fell below the same quarter of the previous year.」

「Residential-equipment revenue was ¥13,710 million, down 4.4% year on year. EcoCute performed steadily as we pursued sales activities centered on the top-end model, which offers industry-leading energy-saving performance, amid the expanding adoption of ZEH (net-zero-energy-house) homes and growing replacement demand. Aqua Air products, including NanoFeel multifunction humidifiers equipped with air-purification and disinfection functions, also performed well. However, last year saw rush demand ahead of the consumption-tax increase, while this year a series of events such as trade shows and business meetings were canceled because of the COVID-19 pandemic. The resulting stagnation in sales activities for water-heating systems and other products also had an impact, and total residential-equipment sales fell below the same quarter of the previous year.」

「Residential-equipment revenue was ¥6,582 million, up 1.4% year on year. While working to ensure a stable supply of EcoCute, our core product, we pursued sales activities centered on the top-end model, which offers industry-leading energy-saving performance, amid the expanding adoption of ZEH (net-zero-energy-house) homes and growing replacement demand, resulting in sales above the same quarter of the previous year.」

「Residential-equipment revenue was ¥30,452 million, up 5.5% from the previous fiscal year. Amid the expanding adoption of ZEH (net-zero-energy-house) homes and growing replacement demand, we pursued sales activities highlighting functions that actively use surplus electricity from solar power generation and industry-leading energy-saving performance, resulting in sales above the previous fiscal year.」

「Residential-equipment revenue was ¥22,870 million, up 6.5% year on year. Amid the expanding adoption of ZEH (net-zero-energy-house) homes and growing replacement demand, we pursued sales activities highlighting functions that actively use surplus electricity from solar power generation and industry-leading energy-saving performance, resulting in sales above the same quarter of the previous year. Hot-water heating systems also performed well, and total residential-equipment sales exceeded the same quarter of the previous year.」

「Residential-equipment revenue was ¥14,344 million, up 9.2% year on year. Amid the expanding adoption of ZEH (net-zero-energy-house) homes and growing replacement demand, we pursued sales activities highlighting functions that actively use surplus electricity from solar power generation and industry-leading energy-saving performance, resulting in sales above the same quarter of the previous year.」

「Residential-equipment revenue was ¥6,488 million, up 2.0% year on year. Amid the expanding adoption of ZEH (net-zero-energy-house) homes and growing replacement demand, we focused sales activities on the top-end EcoCute model, which offers industry-leading energy-saving performance, to capture demand. By highlighting functions that actively use surplus electricity from solar power generation, we exceeded the same quarter of the previous year, and total residential-equipment sales also exceeded the same quarter of the previous year.」

「For EcoCute, our core product, we pursued proposals centered on the premium model, which offers industry-leading energy-saving performance, for the increasingly widespread market of ZEH (net-zero-energy-house) homes. We also actively pursued bundled proposals with other products and captured replacement demand, resulting in sales above the previous fiscal year. In addition, active efforts to develop new customers for heat-pump hot-water heating systems resulted in total residential-equipment sales above the previous fiscal year.」

「Residential-equipment revenue was ¥21,474 million, up 1.5% year on year. For EcoCute, our core product, we pursued proposals centered on the premium model, which offers industry-leading energy-saving performance, for the increasingly widespread market of ZEH (net-zero-energy-house) homes. We also actively pursued bundled proposals with other products and captured replacement demand, resulting in sales above the same quarter of the previous year. Heat-pump hot-water heating systems also performed well, and total residential-equipment sales exceeded the same quarter of the previous year.」

「Residential-equipment revenue was ¥13,132 million, up 1.1% year on year. For EcoCute, our core product, we pursued proposals centered on the premium model, which offers industry-leading energy-saving performance, for the increasingly widespread market of ZEH (net-zero-energy-house) homes. We also actively pursued bundled proposals with other products and captured replacement demand, resulting in sales above the same quarter of the previous year.」

「Residential-equipment revenue was ¥6,362 million, up 1.2% year on year. For EcoCute, our core product, we pursued proposals centered on the premium model, which offers industry-leading energy-saving performance, for the increasingly widespread market of ZEH (net-zero-energy-house) homes. We also actively pursued bundled proposals with other products and captured replacement demand, resulting in sales above the same quarter of the previous year.」

「Residential-equipment revenue was ¥28,462 million, up 2.8% from the previous fiscal year. In addition to a recovery in the market amid rising demand for energy-saving, high-efficiency water-heating equipment, replacement demand for EcoCute was beginning to emerge. Sales of our premium model, which offers industry-leading energy-saving performance, increased, and active bundled proposals with other products resulted in sales above the previous fiscal year.」

「Residential-equipment revenue was ¥21,157 million, up 2.4% year on year. Sales of the premium EcoCute model, which offers industry-leading energy-saving performance, drove sales, while bundled proposals with other products also progressed, resulting in sales above the same quarter of the previous year. We also expanded the kerosene water-heater lineup and successfully captured replacement demand for hot-water room heaters.」

「Residential-equipment revenue was ¥12,994 million, up 0.9% year on year. For EcoCute, our core product, we highlighted its industry-leading energy-saving performance and electricity-consumption peak-suppression function and pursued bundled proposals with other products, resulting in sales above the same quarter of the previous year. Sales of high-efficiency kerosene water heaters also expanded steadily, and demand for replacement hot-water room heaters was captured successfully, resulting in total residential-equipment sales above the same quarter of the previous year.」

「Residential-equipment revenue was ¥6,285 million, up 3.8% year on year. For EcoCute, our core product, we launched an improved model that suppresses peaks in electricity consumption and lowers electricity bills, pursued bundled proposals with other products, and benefited from a recovery in new housing starts, resulting in sales above the same quarter of the previous year.」

「For EcoCute, our core product, we highlighted its industry-leading energy-saving performance and ability to accommodate increasingly diverse electricity-rate plans, pursued distinctive sales activities including bundled proposals with other products, and exceeded the previous fiscal year.」

「For EcoCute, our core product, we highlighted its industry-leading energy-saving performance and compatibility with retail electricity liberalization, pursued expanded sales through bundled proposals with other products, and exceeded the same quarter of the previous year.」

「For EcoCute, our core product, we highlighted its industry-leading energy-saving performance and compatibility with retail electricity liberalization, pursued expanded sales through bundled proposals with other products, and exceeded the same quarter of the previous year.」

「As part of efforts to strengthen and expand the residential-equipment business strategy, we achieved industry-leading energy-saving performance with EcoCute, our core product, and launched models equipped with functions for setting new electricity-rate plans in response to retail electricity liberalization and for suppressing peaks in electricity consumption. We also advanced bundled proposals combining EcoCute with other products that use heat-pump technology.」

「“Strengthening and expanding the residential-equipment business strategy in response to environmental and energy changes”」