Zojirushi Corporation · TSE:7965
Zojirushi — Q1 FY2024 Earnings Presentation
21 slides from Zojirushi's earnings presentation, Apr 1, 2024
Slide 1: Supplementary Explanatory Materials for Financial Results, Three Months Ended February 20, 2024
Supplementary Explanatory Materials for Financial Results for the Three Months Ended February 20, 2024 Zojirushi Corporation April 1, 2024
Slide 2: Contents
Contents Ⅰ. Consolidated Financial Results P.02 for the Three Months Ended February 20, 2024 Ⅱ. Consolidated Financial Forecast P.12 for the Fiscal Year Ending November 20, 2024 Ⅲ. Shareholder Returns P.18 © ZOJIRUSHI CORPORATION. All Rights Reserved. 1
Slide 3: I. Consolidated Financial Results for the Three Months Ended February 20, 2024
I. Consolidated Financial Results for the Three Months Ended February 20, 2024
Slide 4: Composition of net sales by product category/principal products
I. Consolidated Financial Results for the Three Months Ended February 20, 2024 (1) Composition of net sales by product category/principal products Household appliances Cooking appliances ⚫ Air-conditioning, cooling, and heating ⚫ Rice cooking Humidifiers Rice cookers ⚫ Kitchen housework Dish dryers
Slide 5: Comparison of quarterly financial results
I. Consolidated Financial Results for the Three Months Ended February 20, 2024 (2) Comparison of quarterly financial results Quarterly net sales Unit: Million yen FY 11/2021 FY 11/2022 FY 11/2023 FY 11/2024 Quarterly operating profit Unit: Million yen FY 11/2021 FY 11/2022 FY 11/2023 FY 11/2024 © ZO
Slide 6: Overview of financial results
I. Consolidated Financial Results for the Three Months Ended February 20, 2024 (3) Overview of financial results Net sales Year on year Operating profit Year on year 28,144 Million yen +1,015 Million yen +3.7% 3,525 Million yen +0 Million yen +0.0% Domestic net sales Overseas net sales +1,081 Millio
Slide 7: Statements of income (P/L)
I. Consolidated Financial Results for the Three Months Ended February 20, 2024 (4) Statements of income (P/L) (Unit: Million yen, %) Three months ended Three months ended February 20, 2023 February 20, 2024 YoY change Amount Composition Amount Composition Amount Rate Net sales 27,128 100.0% 28,144 1
Slide 8: Net sales/operating profit by region and product category
I. Consolidated Financial Results for the Three Months Ended February 20, 2024 (5) Net sales/operating profit by region and product category Three months ended February 20, 2024 (Unit: Million yen, %) Overseas Japan Asia Americas Others Subtotal Total Of which, China Cooking appliances 11,517 3,966
Slide 9: Net sales by region and product category
I. Consolidated Financial Results for the Three Months Ended February 20, 2024 (6) Net sales by region and product category Household and (Unit: Million yen) thermal products 473 Americas Cooking Japan Household appliances appliances 3,547 4,056 488 15,655 Cooking appliances Household and thermal Ne
Slide 10: Net sales by product category (details)
I. Consolidated Financial Results for the Three Months Ended February 20, 2024 (7) Net sales by product category (details) Three months ended Three months ended YoY change (Unit: Million yen, %) February 20, 2023 February 20, 2024 Amount Composition Amount Composition Amount Rate Rice cooking Net sa
Slide 11: Factors of YoY change in net sales/operating profit
I. Consolidated Financial Results for the Three Months Ended February 20, 2024 (8) Factors of YoY change in net sales/operating profit Net sales (Unit: Million yen) Operating profit (Unit: Million yen) ～ ～ ～ ～ FY11/2023 Q1 FY11/2024 Q1 FY11/2023 Q1 FY11/2024 Q1 © ZOJIRUSHI CORPORATION. All Rights Re
Slide 12: Balance sheets (B/S)
I. Consolidated Financial Results for the Three Months Ended February 20, 2024 (9) Balance sheets (B/S) (Unit: Million yen) November 20, 2023 February 20, 2024 YoY Change Current assets 83,640 85,145 1,505 Cash and deposits 34,198 36,488 2,290 Merchandise and finished goods 24,254 20,336 (3,917) Oth
Slide 13: II. Consolidated Financial Forecast for the Fiscal Year Ending November 20, 2024
II. Consolidated Financial Forecast for the Fiscal Year Ending November 20, 2024
Slide 14: Financial performance
II. Consolidated Financial Forecast for the Fiscal Year Ending November 20, 2024 (1) Financial performance Japan Asia Americas Others Operating profit Ratio of operating profit to net sales Net sales Operating profit （Million yen） （Million yen） © ZOJIRUSHI CORPORATION. All Rights Reserved. 13
Slide 15: Statements of income (P/L) forecast
II. Consolidated Financial Forecast for the Fiscal Year Ending November 20, 2024 (2) Statements of income (P/L) (Unit: Million yen, %) Financial forecast Fiscal Year ended for the Fiscal Year ending YoY change November 20, 2023 November 20, 2024 Amount Composition Amount Composition Amount Rate Net
Slide 16: Net sales by region and product category
II. Consolidated Financial Forecast for the Fiscal Year Ending November 20, 2024 (3) Net sales by region and product category (Unit: Million yen, %) Financial forecast for the Fiscal Year ending November 20, 2024 Overseas Japan Asia Americas Others Subtotal Total Of which, China Cooking appliances 4
Slide 17: Net sales by product category (details)
II. Consolidated Financial Forecast for the Fiscal Year Ending November 20, 2024 (4) Net sales by product category (details) Financial forecast Fiscal Year ended for the Fiscal Year ending YoY change November 20, 2023 November 20, 2024 (Unit: Million yen, %) Rice cooking Amount Composition Amount Co
Slide 18: Factors of YoY change in net sales/operating profit
II. Consolidated Financial Forecast for the Fiscal Year Ending November 20, 2024 (5) Factors of YoY change in net sales/operating profit Net sales (Unit: Million yen) Operating profit (Unit: Million yen) Attributable to gross profit margin Attributable to net sales administrative expenses Attributab
Slide 19: III. Shareholder Returns
III. Shareholder Returns
Slide 20: Shareholder Returns Policy
III. Shareholder Returns The Company considers the return of profits to shareholders to be an important policy and will aim to maintain a stable dividend targeting a consolidated payout ratio of 50% or higher while comprehensively taking into account internal reserves, earnings forecast, etc. to Pol
Slide 21: Notes on forward-looking statements
Notes on forward-looking statements ⚫ This material is provided to investors purely for informational purposes and is not intended to solicit stock trading. ⚫ Forward-looking statements in this material are based on targets or forecasts and are not a commitment or guarantee. Please note that the Com