Zojirushi Corporation · TSE:7965
Zojirushi — FY2024 Earnings Presentation
23 slides from Zojirushi's earnings presentation, Dec 23, 2024
Slide 1: Supplementary Explanatory Materials on Annual Financial Results for FY Ended November 20, 2024
Supplementary Explanatory Materials on Annual Financial Results for the Fiscal Year Ended November 20, 2024 Zojirushi Corporation December 23, 2024
Slide 2: Contents
Contents Ⅰ. Consolidated Financial Results P.02 for the Fiscal Yeaｒ Ended November 20, 2024 Ⅱ. Consolidated Financial Forecast P.13 for the Fiscal Year Ending November 20, 2025 Ⅲ. Shareholder Returns P.20 © Zojirushi Corporation. All Rights Reserved. 1
Slide 3: I. Consolidated Financial Results for the Fiscal Year Ended November 20, 2024
I. Consolidated Financial Results for the Fiscal Yeaｒ Ended November 20, 2024
Slide 4: Composition of net sales by product category/principal products
I. Consolidated Financial Results for the Fiscal Yeaｒ Ended November 20, 2024 (1) Composition of net sales by product category/principal products Household appliances Cooking appliances Others ⚫ Air-conditioning, cooling, and heating 6.4 % 2.6 % ⚫ Rice cooking Humidifiers Rice cookers ⚫ Kitchen hous
Slide 5: Comparison of quarterly financial results
I. Consolidated Financial Results for the Fiscal Yeaｒ Ended November 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 30,000 27,128 28,144 26,500 24,698 25,000 20,610 21,555 21,486 18,746 18,318 19,427 19,754 20,
Slide 6: Overview of financial results
I. Consolidated Financial Results for the Fiscal Yeaｒ Ended November 20, 2024 (3) Overview of financial results Net sales Year on year Operating profit Year on year 87,221 Million yen +3,727 Million yen +4.5% 5,955 Million yen +954 Million yen +19.1% Domestic net sales Overseas net sales +3,458 Mill
Slide 7: Statements of income (P/L)
I. Consolidated Financial Results for the Fiscal Yeaｒ Ended November 20, 2024 (4) Statements of income (P/L) (Unit: Million yen, %) Fiscal Year ended Fiscal Year ended November 20, 2023 November 20, 2024 YoY change Amount Composition Amount Composition Amount Rate Net sales 83,494 100.0% 87,221 100.
Slide 8: Net sales/operating profit by region and product category
I. Consolidated Financial Results for the Fiscal Yeaｒ Ended November 20, 2024 (5) Net sales/operating profit by region and product category (Unit: Million yen, %) Fiscal Year ended November 20, 2024 Overseas Japan Asia Americas Others Subtotal Total Of which, China Cooking appliances 41,265 9,621 3,
Slide 9: Net sales by region and product category
I. Consolidated Financial Results for the Fiscal Yeaｒ Ended November 20, 2024 (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 Fiscal Yeaｒ Ended November 20, 2024 (7) Net sales by product category (details) Fiscal Year ended Fiscal Year ended (Unit: Million yen, %) YoY change November 20, 2023 November 20, 2024 Amount Composition Amount Composition Amount Rate Rice cooking Net sales
Slide 11: Factors of YoY change in net sales/operating profit
I. Consolidated Financial Results for the Fiscal Yeaｒ Ended November 20, 2024 (8) Factors of YoY change in net sales/operating profit Net sales (Unit: Million yen) Operating profit (Unit: Million yen) Cooking Household and Others appliances thermal products Household appliances administrative expens
Slide 12: Balance sheets (B/S)
I. Consolidated Financial Results for the Fiscal Yeaｒ Ended November 20, 2024 (9) Balance sheets (B/S) (Unit: Million yen) November 20, 2023 November 20, 2024 Change Current assets 83,640 84,644 1,003 Cash and deposits 34,198 33,726 (471) Merchandise and finished goods 24,254 24,324 69 Other 25,187
Slide 13: Statements of cash flows
I. Consolidated Financial Results for the Fiscal Yeaｒ Ended November 20, 2024 (10) Statements of cash flows (Unit: Million yen) Fiscal year Fiscal year Operating Investing Financing Effect of Beginning End of ended ended CF CF CF exchange Change of period period November 20, November 20, rate change
Slide 14: II. Consolidated Financial Forecast for the Fiscal Year Ending November 20, 2025
II. Consolidated Financial Forecast for the Fiscal Year Ending November 20, 2025
Slide 15: Financial performance
II. Consolidated Financial Forecast for the Fiscal Year Ending November 20, 2025 (1) Financial performance Japan Asia Americas Others Operating profit Ratio of operating profit to net sales Net sales 13.6% Operating profit 11.3% （Million yen） 9.2% （Million yen） 7.4% 7.3% 8.2% 6.9% 5.7% 6.0% 6.8% 6.4
Slide 16: Statements of income (P/L) forecast
II. Consolidated Financial Forecast for the Fiscal Year Ending November 20, 2025 (2) Statements of income (P/L) Financial forecast (Unit: Million yen, %) Fiscal Year ended for the Fiscal Year ending YoY change November 20, 2024 November 20, 2025 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, 2025 (3) Net sales by region and product category (Unit: Million yen, %) Financial forecast for the Fiscal Year ending November 20, 2025 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, 2025 (4) Net sales by product category (details) Financial forecast (Unit: Million yen, %) Fiscal Year ended for the Fiscal Year ending YoY change November 20, 2024 November 20, 2025 Rice cooking Amount Composition Amount Co
Slide 19: Factors of YoY change in net sales/operating profit
II. Consolidated Financial Forecast for the Fiscal Year Ending November 20, 2025 (5) Factors of YoY change in net sales/operating profit Net sales (Unit: Million yen) Operating profit (Unit: Million yen) Cooking Household and Others appliances thermal products Household appliances Attributable to gr
Slide 20: Financial forecast against the medium-term financial targets
II. Consolidated Financial Forecast for the Fiscal Year Ending November 20, 2025 ⑥ Financial forecast against the medium-term financial targets Compared to the medium- Factors of change term target Increase in sales in Japan due to strong performance of induction heating pressure rice cookers, Net s
Slide 21: III. Shareholder Returns
III. Shareholder Returns
Slide 22: 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 23: 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