Zojirushi Corporation · TSE:7965
Zojirushi — FY2021 Earnings Presentation
23 slides from Zojirushi's earnings presentation, Dec 24, 2021
Slide 1: Supplementary Explanatory Materials on Annual Financial Results
Zojirushi Corporation Supplementary Explanatory Materials on Annual Financial Results for the Fiscal Year Ended November 20, 2021 December 24, 2021
Slide 2: Contents
Contents I. Consolidated Financial Results for the Fiscal Year Ended November 20, 2021 P. 2 II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2022 P. 14 III. Shareholder Returns P. 21 Inspirations from everyday life. 1
Slide 3: I. Consolidated Financial Results for the Fiscal Year Ended November 20, 2021
I. Consolidated Financial Results for the Fiscal Year Ended November 20, 2021 Inspirations from everyday life. 2
Slide 4: Composition of net sales by product category/principal products
I. Consolidated Financial Results for the Fiscal Year Ended November 20, 2021 (1) Composition of net sales by product category/principal products Household appliances Net sales 77,673 million yen Cooking appliances Composition by product category • Rice cooking • Air-conditioning, cooling, and heati
Slide 5: Financial performance
I. Consolidated Financial Results for the Fiscal Year Ended November 20, 2021 (2) Financial performance 13.6% Net sales Ratio of operating profit to net sales Operating profit (Million yen) 11.3% (Million yen) 100,000 14,000 7.7% 7.4% 7.3% 9.2% 6.9% 5.5% 89,796 89,231 90,000 5.6% 8.2% 85,363 84,635
Slide 6: Comparison of quarterly financial results
I. Consolidated Financial Results for the Fiscal Year Ended November 20, 2021 (3) Comparison of quarterly financial results Quarterly net sales Unit: Million yen 30,000 FY ended Nov. 2019 FY ended Nov. 2020 FY ended Nov. 2021 25,000 24,698 25,369 20,000 24,203 19,754 18,810 15,962 19,521 17,805 15,0
Slide 7: Overview of financial results
I. Consolidated Financial Results for the Fiscal Year Ended November 20, 2021 (4) Overview of financial results Sales Domestic net sales −552 million yen (year on year) Cooking appliances: Sales of the Embudaki series rice cookers were strong, while sales of products in the affordable price range
Slide 8: Statements of income (P/L)
I. Consolidated Financial Results for the Fiscal Year Ended November 20, 2021 (5) Statements of income (P/L) (Unit: Million yen, %) Fiscal year ended Fiscal year ended YoY change November 20, 2020 November 20, 2021 Amount Composition Amount Composition Amount Rate Net sales 74,947 100.0% 77,673 100.
Slide 9: Net sales/operating profit by region and product category
I. Consolidated Financial Results for the Fiscal Year Ended November 20, 2021 (6) Net sales/operating profit by region and product category (Unit: Million yen, %) Fiscal year ended November 20, 2021 Overseas Japan Asia Total [Of which, Americas Others Subtotal China] Cooking appliances 39,899 9,400
Slide 10: Net sales by region and product category
I. Consolidated Financial Results for the Fiscal Year Ended November 20, 2021 (7) Net sales by region and product category Household and thermal products Others 592 (Unit: Million yen) 1,106 Americas Cooking 7,740 appliances 6,488 Household and thermal products Asia 7,483 Fiscal year ended 17,344 No
Slide 11: Net sales by product category (details)
I. Consolidated Financial Results for the Fiscal Year Ended November 20, 2021 (8) Net sales by product category (details) (Unit: Million yen, %) Fiscal year ended Fiscal year ended YoY change November 20, 2020 November 20, 2021 Amount Composition Amount Composition Amount Rate Net sales 74,947 100.0
Slide 12: Factors of YoY change in net sales/operating profit
I. Consolidated Financial Results for the Fiscal Year Ended November 20, 2021 (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 156 206 54 837 Others (363) Other househo
Slide 13: Balance sheets (B/S)
I. Consolidated Financial Results for the Fiscal Year Ended November 20, 2021 (10) Balance sheets (B/S) (Unit: Million yen) November 20, 2020 November 20, 2021 Change Current assets 73,654 77,450 3,795 Cash and deposits 34,391 37,274 2,882 Merchandise and finished goods 19,994 19,796 (198) Other 19,
Slide 14: Statements of cash flows
I. Consolidated Financial Results for the Fiscal Year Ended November 20, 2021 (11) Statements of cash flows Profit before tax +6,827 (Unit: Million yen) Increase in accrued expenses +855 Increase in trade receivables (1,022) Fiscal year Fiscal year Decrease in trade payables (1,386) ended ended Chan
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 Inspirations from everyday life. 14
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, %) Financial results forecast Fiscal year ended November for the fiscal year ending YoY change 20, 2021 November 20, 2022 Amount Composition Amount Compositio
Slide 17: Financial results forecast based on prior standards
II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2022 (1)-ii Financial results forecast based on prior standards Shows the financial results forecast assuming the Accounting Standard for Revenue Recognition has not been applied to enable a comparison based on the s
Slide 18: Financial results forecast against the medium-term financial results targets
II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2022 (1)-iii 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
Slide 19: 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 Overseas Japan Asia Total [Of which, Americas Others Subtotal China] Co
Slide 20: 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, %) Financial results forecast Fiscal year ended for the fiscal year ending YoY change November 20, 2021 November 20, 2022 Amount Composition Amount
Slide 21: 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 Household and Others thermal products appliances (12) Others 558 11 378 Total o
Slide 22: 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 23: 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