Zojirushi Corporation · TSE:7965
Zojirushi — Q3 FY2022 Earnings Presentation
22 slides from Zojirushi's earnings presentation, Oct 3, 2022
Slide 1: Supplementary Explanatory Materials for Financial Results for the Nine Months Ended August 20, 2022
Zojirushi Corporation Supplementary Explanatory Materials for Financial Results for the Nine Months Ended August 20, 2022 October 3, 2022
Slide 2: Contents
Contents I. Consolidated Financial Results for the Nine Months Ended August 20, 2022 P. 2 II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2022 P. 14 III. Shareholder Returns P. 20 Inspirations from everyday life. 1
Slide 3: I. Consolidated Financial Results for the Nine Months Ended August 20, 2022
I. Consolidated Financial Results for the Nine Months Ended August 20, 2022 2
Slide 4: Composition of net sales by product category/principal products
I. Consolidated Financial Results for the Nine Months Ended August 20, 2022 (1) Composition of net sales by product category/principal products Household appliances Net sales 61,923 million yen Cooking appliances Composition by product category • Rice cooking • Air-conditioning, cooling, and heating
Slide 5: Financial performance
I. Consolidated Financial Results for the Nine Months Ended August 20, 2022 (2) Financial performance 13.6% Net sales Operating profit 11.3% Ratio of operating profit to net sales (Million yen) (Million yen) 9.2% 100,000 8.2% 14,000 7.7% 7.4% 7.3% 6.9% 89,796 89,231 6.1% 90,000 85,363 84,635 12,000
Slide 6: Comparison of quarterly financial results
I. Consolidated Financial Results for the Nine Months Ended August 20, 2022 (3) Comparison of quarterly financial results Quarterly net sales Unit: Million yen 30,000 26,500 FY 11/2019 FY 11/2020 FY 11/2021 FY 11/2022 25,000 24,698 25,369 24,203 19,754 20,000 18,810 18,746 16,676 19,521 17,805 15,96
Slide 7: Overview of financial results
I. Consolidated Financial Results for the Nine Months Ended August 20, 2022 (4) Overview of financial results Sales Domestic net sales +972 million yen (year on year) Cooking appliances: Overall sales of rice cookers/warmers remained almost unchanged year on year, despite strong sales of the Embud
Slide 8: Statements of income (P/L)
I. Consolidated Financial Results for the Nine Months Ended August 20, 2022 (5)-i Statements of income (P/L) The Company has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, March 31, 2020) and related standards from the beginning of the first quarter of the fiscal yea
Slide 9: Statements of income (P/L) based on prior standards
I. Consolidated Financial Results for the Nine Months Ended August 20, 2022 (5)-ii Statements of income (P/L) based on prior standards Shows the financial results assuming the Accounting Standard for Revenue Recognition has not been applied to enable a comparison based on the same accounting standar
Slide 10: Net sales/operating profit by region and product category
I. Consolidated Financial Results for the Nine Months Ended August 20, 2022 (6) Net sales/operating profit by region and product category (Unit: Million yen, %) Nine months ended August 20, 2022 Overseas Japan Asia Total Of which, Americas Others Subtotal China Cooking appliances 29,681 8,877 3,670
Slide 11: Net sales by region and product category
I. Consolidated Financial Results for the Nine Months Ended August 20, 2022 (7) Net sales by region and product category (Unit: Million yen) Household and thermal products Others 1,072 Americas 540 7,844 Cooking appliances 6,717 Household and thermal products Nine months 5,989 ended August 20, 2022
Slide 12: Net sales by product category (details)
I. Consolidated Financial Results for the Nine Months Ended August 20, 2022 (8) Net sales by product category (details) (Unit: Million yen, %) Nine months ended Nine months ended YoY change August 20, 2021 August 20, 2022 Amount Composition Amount Composition Amount Rate Net sales 57,918 100.0％ 61,9
Slide 13: Factors of YoY change in net sales/operating profit
I. Consolidated Financial Results for the Nine Months Ended August 20, 2022 (9) Factors of YoY change in net sales/operating profit (Unit: Million yen) Net sales Operating profit Cooking appliances Household and Household Others thermal products appliances 1,371 (1,866) 509 115 Others 27 (202) 150 1
Slide 14: Balance sheets (B/S)
I. Consolidated Financial Results for the Nine Months Ended August 20, 2022 (10) Balance sheets (B/S) (Unit: Million yen) November 20, 2021 August 20, 2022 Change Current assets 77,450 84,876 7,425 Cash and deposits 37,274 40,427 3,152 Merchandise and finished goods 19,796 22,246 2,450 Other 20,379
Slide 15: II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2022
II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2022 13
Slide 16: Financial results forecast
II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2022 (1)-i Financial results forecast (Unit: Million yen, %) Fiscal year ended November Financial results forecast YoY change 20, 2021 for the fiscal year ending November 20, 2022 Revised forecast Amount Composition
Slide 17: Financial results forecast against the medium-term financial results targets
II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2022 (1)-ii Financial results forecast against the medium-term financial results targets Compared to the medium- Factors of change: term results target • Increases in revenue expected for both domestic and overseas b
Slide 18: Net sales by region and product category
II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2022 (2) Net sales by region and product category (Unit: Million yen, %) Financial results forecast for the fiscal year ending November 20, 2022 (Published on June. 20, 2022) Overseas Japan Asia Total Of which, Ameri
Slide 19: Net sales by product category (details)
II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2022 (3) Net sales by product category (details) (Unit: Million yen, %) Fiscal year ended Financial results forecast for the fiscal year ending YoY change November 20, 2021 November 20, 2022 Revised forecast Amount C
Slide 20: Factors of YoY change in net sales/operating profit
II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2022 (4) Factors of YoY change in net sales/operating profit (Unit: Million yen) Net sales Operating profit Cooking appliances Household and Household Others thermal products appliances 468 87 Others 1,029 11 1,313 T
Slide 21: III. Shareholder Returns
III. Shareholder Returns Dividend policy 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 forec
Slide 22: Inquiries on Investor Relations
Inquiries on Investor Relations Zojirushi Corporation Phone: +81-6-6356-2368 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