Prices as of 2026/10/30 close
Company comparison · Housing Equipment
TOTO is the largest by revenue at ¥737.4B, followed by Sanwa (¥660.7B), Rinnai (¥470.4B) and Bunka Shutter (¥236.3B).
Sanwa has the highest operating margin at 12.0%, 5.4 points above the lowest, Bunka Shutter (6.6%).
Revenue growth in the latest results: Bunka Shutter +3.4%, Rinnai +2.2%, TOTO +1.8%, Sanwa −0.3%. For next year, Bunka Shutter guides for the fastest operating profit growth (+20.8%).
TOTO pays the most on average (¥7.81M), ¥0.40M more than Rinnai (¥7.41M).
Over the past year the shares moved TOTO +47.1%, Rinnai +2.6%, Sanwa −6.2%, Bunka Shutter −6.9%.
Head-to-head wins16 metrics
One win per metric for the company with the best value. Metrics with no better or worse (P/E, average age, employees) are excluded.
ScaleInvestors
Sanwa aheadTOTO 1 : Sanwa 2 : Rinnai 0 : Bunka Shutter 0
Revenue: TOTO ¥737.4B / Sanwa ¥660.7B / Rinnai ¥470.4B / Bunka Shutter ¥236.3B
ProfitabilityInvestors
Sanwa aheadTOTO 0 : Sanwa 2 : Rinnai 1 : Bunka Shutter 0
Operating margin: TOTO 7.3% / Sanwa 12.0% / Rinnai 10.7% / Bunka Shutter 6.6%
GrowthInvestors
EvenTOTO 2 : Sanwa 1 : Rinnai 0 : Bunka Shutter 2
Revenue growth (YoY): TOTO +1.8% / Sanwa −0.3% / Rinnai +2.2% / Bunka Shutter +3.4%
Stock & balance sheetInvestors
EvenTOTO 1 : Sanwa 1 : Rinnai 0 : Bunka Shutter 0
Share price, 1 year: TOTO +47.1% / Sanwa −6.2% / Rinnai +2.6% / Bunka Shutter −6.9%
Pay & workforceJob seekers
EvenTOTO 1 : Sanwa 1 : Rinnai 1 : Bunka Shutter 0
Average salary: TOTO ¥7.81M / Rinnai ¥7.41M / Bunka Shutter ¥7.52M
| Metric | TOTO | Sanwa | Rinnai | Bunka Shutter |
|---|---|---|---|---|
| Revenue | ◎¥737.4B | ¥660.7B | ¥470.4B | ¥236.3B |
| Operating profit | ¥53.8B | ◎¥79.1B | ¥50.5B | ¥15.6B |
| Net income | ¥40.3B | ◎¥59.8B | ¥36.2B | ¥12.6B |
| Metric | TOTO | Sanwa | Rinnai | Bunka Shutter |
|---|---|---|---|---|
| Operating margin | 7.3% | ◎12.0% | 10.7% | 6.6% |
| Net margin | 5.5% | ◎9.0% | 7.7% | 5.3% |
| ROE | — | — | — | 10.8% |
| Revenue per employee | ¥95M | — | ◎¥136M | ¥100M |
| Metric | TOTO | Sanwa | Rinnai | Bunka Shutter |
|---|---|---|---|---|
| Revenue growth (YoY) | +1.8% | −0.3% | +2.2% | ◎+3.4% |
| Operating profit growth (YoY) | ◎+10.9% | −1.8% | +9.8% | +5.7% |
| Revenue CAGRlast 5 years | +5.0% | ◎+9.1% | +6.4% | — |
| Guidance: revenue growthnext FY plan | ◎+6.4% | +2.5% | +6.3% | +5.8% |
| Guidance: op. profit growthnext FY plan | +11.6% | +2.4% | −0.1% | ◎+20.8% |
| Metric | TOTO | Sanwa | Rinnai | Bunka Shutter |
|---|---|---|---|---|
| Share price, 1 year | ◎+47.1% | −6.2% | +2.6% | −6.9% |
| Share price, 3 months | −14.5% | ◎−0.3% | −6.6% | −3.6% |
| P/E (trailing)lower = cheaper | — | — | — | 10.6x |
| Equity ratio | — | — | — | 58.4% |
| Share price (close) | ¥5,746 | ¥3,935 | ¥3,500 | ¥1,892 |
◎ marks the best value for each metric. Revenue and profit are from the latest full-year earnings release; share prices are closing-price references; P/E = latest close ÷ trailing EPS. For banks and some other financials, revenue means ordinary income.
| Metric | TOTO | Sanwa | Rinnai | Bunka Shutter |
|---|---|---|---|---|
| Average salary | ◎¥7.81M | — | ¥7.41M | ¥7.52M |
| Starting salary (monthly) | ¥288,000 | ◎¥289,200 | ¥264,300 | ¥251,312 |
| Average tenure | 18.9 yrs | 17.4 yrs | ◎19.2 yrs | 15.5 yrs |
| Average age | 45.2 | 45.6 | 40.8 | 42.7 |
| Employees | 7,758 | 41 | 3,470 | 2,374 |
Average salary is for the reporting (parent) company and is affected by average age and job mix. Holding companies with few employees are left out of the salary comparison.
Close (Oct 30, 2026)
¥5,746+47.1% (1Y)
TOTO +47.1% over 1Y. Compared: Sanwa -6.2%, Rinnai +2.6%, Bunka Shutter -6.9%.
Reference chart of daily closing prices, not real-time quotes (split-adjusted; weekly closes before the last year). Each line shows the % change from the start of the period. Updated Oct 30, 2026.
TOTO3 segments
Sanwa4 segments
Rinnai6 segments
Bunka Shutter5 segments
AAverage annual salary from the securities filings: TOTO ¥7.81M, Bunka Shutter ¥7.52M, Rinnai ¥7.41M. TOTO pays the most. Averages also depend on staff age and job mix, so check the average age too (TOTO 45.2, Sanwa 45.6, Rinnai 40.8, Bunka Shutter 42.7).
ARevenue in the latest results: TOTO ¥737.4B, Sanwa ¥660.7B, Rinnai ¥470.4B, Bunka Shutter ¥236.3B. TOTO is the largest by revenue at ¥737.4B, followed by Sanwa (¥660.7B), Rinnai (¥470.4B) and Bunka Shutter (¥236.3B).
AOperating margins: Sanwa 12.0%, Rinnai 10.7%, TOTO 7.3%, Bunka Shutter 6.6%. Sanwa turns the highest share of sales into operating profit.
AShare price change over the past year (closing prices, for reference): TOTO +47.1%, Rinnai +2.6%, Sanwa −6.2%, Bunka Shutter −6.9%. TOTO has risen the most.
Comparing 4 companies (up to 4)
Sources: earnings releases (kessan tanshin), annual securities reports and other public information. Share prices are closing-price references, not real-time. Our data may contain errors; investment decisions are your own responsibility.
