Zojirushi Corporation · TSE:7965
Zojirushi — H1 FY2026 Earnings Presentation
22 slides from Zojirushi's earnings presentation, Jun 29, 2026
Slide 1: Supplementary Explanatory Materials for Financial Results for the Six Months Ended May 20, 2026
Supplementary Explanatory Materials for Financial Results for the Six Months Ended May 20, 2026 Zojirushi Corporation June 29, 2026
Slide 2: Contents
Contents Ⅰ. Consolidated Financial Results P.02 for the Six Months Ended May 20, 2026 Ⅱ. Consolidated Financial Forecast P.13 for the Fiscal Year Ending November 20, 2026 Ⅲ. Shareholder Returns P.19 © Zojirushi Corporation. All Rights Reserved. 1
Slide 3: I. Consolidated Financial Results for the Six Months Ended May 20, 2026
I. Consolidated Financial Results for the Six Months Ended May 20, 2026
Slide 4: Composition of net sales by product category/principal products
I. Consolidated Financial Results for the Six Months Ended May 20, 2026 (1) Composition of net sales by product category/principal products Household appliances Cooking appliances ⚫ Air-conditioning, cooling, and heating Others Humidifiers 4.3% ⚫ Rice cooking Circulators 7.6 % Rice cookers ⚫ Kitchen
Slide 5: Comparison of quarterly financial results
I. Consolidated Financial Results for the Six Months Ended May 20, 2026 (2) Comparison of quarterly financial results Quarterly net sales Unit: Million yen FY 11/2023 FY 11/2024 FY 11/2025 FY 11/2026 35,000 28,144 29,032 30,384 30,000 27,128 23,463 25,000 19,427 21,099 20,826 21,555 21,486 18,318 18
Slide 6: Overview of financial results
I. Consolidated Financial Results for the Six Months Ended May 20, 2026 (3) Overview of financial results ⚫ Domestic sales of Embudaki and humidifiers remained strong, and efforts to pass on higher import costs progressed, resulting in an increase in net sales year on year. ⚫ Despite an increase in
Slide 7: Statements of income (P/L)
I. Consolidated Financial Results for the Six Months Ended May 20, 2026 (4) Statements of income (P/L) ⚫ Despite an increase in the tax burden rate, net profit increased due to higher net sales and operating profit. (Unit: Million yen, %) Six months ended Six months ended YoY change May 20, 2025 May
Slide 8: Net sales/operating profit by region and product category
I. Consolidated Financial Results for the Six Months Ended May 20, 2026 (5) Net sales/operating profit by region and product category Six months ended May 20, 2026 (Unit: Million yen, %) Overseas Japan Total Asia Americas Others Subtotal Of which, China Cooking appliances 24,845 5,637 1,081 5,974 10
Slide 9: Net sales by region and product category
I. Consolidated Financial Results for the Six Months Ended May 20, 2026 (6) Net sales by region and product category © Zojirushi Corporation. All Rights Reserved. 8
Slide 10: Net sales by product category (details)
I. Consolidated Financial Results for the Six Months Ended May 20, 2026 (7) Net sales by product category (details) (Unit: Million yen, %) Six months ended Six months ended YoY change May 20, 2025 May 20, 2026 Amount Composition Amount Composition Amount Rate Rice cooking Net sales 50,132 100.0% 51,
Slide 11: Factors of YoY change in net sales/operating profit
I. Consolidated Financial Results for the Six Months Ended May 20, 2026 (8) Factors of YoY change in net sales/operating profit Net sales (Unit: Million yen) Operating profit (Unit: Million yen) Cooking Household and Others 829 appliances thermal products Household appliances 849 905 51,210 (457) 5,
Slide 12: Balance sheets (B/S)
I. Consolidated Financial Results for the Six Months Ended May 20, 2026 (9) Balance sheets (B/S) (Unit: Million yen) November 20, 2025 May 20, 2026 Change Current assets 85,366 81,761 (3,605) Cash and deposits 33,177 34,467 1,290 Merchandise and finished goods 26,091 23,479 (2,612) Other 26,096 23,8
Slide 13: Statements of cash flows
I. Consolidated Financial Results for the Six Months Ended May 20, 2026 (10) Statements of cash flows (Unit: Million yen) Six months Six months Operating Investing Financing Effect of End of Beginning exchange CF CF ended ended Change of period CF rate period May 20, 2025 May 20, 2026 change 7,058 C
Slide 14: II. Consolidated Financial Forecast for the Fiscal Year Ending November 20, 2026
II. Consolidated Financial Forecast for the Fiscal Year Ending November 20, 2026
Slide 15: Financial performance
II. Consolidated Financial Forecast for the Fiscal Year Ending November 20, 2026 (1) Financial performance Japan Asia Americas Others Operating profit Ratio of operating profit to net sales Net sales 13.6% Operating profit （Million yen） 9.2% （Million yen） 6.9% 7.3% 8.2% 6.8% 8.2% 7.1% 7.4% 5.7% 6.0%
Slide 16: Statements of income (P/L) forecast
II. Consolidated Financial Forecast for the Fiscal Year Ending November 20, 2026 (2) Statements of income (P/L) Financial forecast Fiscal Year ended for the Fiscal Year ending YoY change November 20, 2025 November 20, 2026 (Unit: Million yen, %) Amount Composition Amount Composition Amount Rate Net
Slide 17: Net sales by region and product category
II. Consolidated Financial Forecast for the Fiscal Year Ending November 20, 2026 (3) Net sales by region and product category Financial forecast for the Fiscal Year ending November 20, 2026 (Unit: Million yen, %) Overseas Japan Asia Americas Others Subtotal Total Of which, China Cooking appliances 4
Slide 18: Net sales by product category (details)
II. Consolidated Financial Forecast for the Fiscal Year Ending November 20, 2026 (4) Net sales by product category (details) Financial forecast (Unit: Million yen, %) Fiscal Year ended for the Fiscal Year ending YoY change November 20, 2025 November 20, 2026 Amount Composition Amount Composition Amo
Slide 19: Factors of YoY change in net sales/operating profit
II. Consolidated Financial Forecast for the Fiscal Year Ending November 20, 2026 (5) Factors of YoY change in net sales/operating profit Net sales (Unit: Million yen) Operating profit (Unit: Million yen) ～ ～ ～ ～ FY11/2025 FY11/2026 FY11/2025 FY11/2026 (Financial forecast) (Financial forecast) © Zoji
Slide 20: III. Shareholder Returns
III. Shareholder Returns
Slide 21: 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 22: 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