Zojirushi Corporation · TSE:7965
Zojirushi — Q3 FY2023 Earnings Presentation
21 slides from Zojirushi's earnings presentation, Oct 2, 2023
Slide 1: Supplementary Explanatory Materials for Financial Results for the Nine Months Ended August 20, 2023
Supplementary Explanatory Materials for Financial Results for the Nine Months Ended August 20, 2023 Zojirushi Corporation October 2, 2023
Slide 2: Contents
Contents Ⅰ. Consolidated Financial Results for the P.02 Nine Months Ended August 20, 2023 Ⅱ. Consolidated Financial Results Forecast P.12 for the Fiscal Year Ending November 20, 2023 Ⅲ. Shareholder Returns P.18 © 2023 ZOJIRUSHI CORPORATION. All Rights Reserved. 1
Slide 3: I. Consolidated Financial Results for the Nine Months Ended August 20, 2023
I. Consolidated Financial Results for the Nine Months Ended August 20, 2023
Slide 4: (1) Composition of net sales by product category/principal products
I. Consolidated Financial Results for the Nine Months Ended August 20, 2023 (1) Composition of net sales by product category/principal products Household appliances Others Cooking appliances ⚫ Air-conditioning, cooling, 2.6% and heating 4.2% ⚫ Rice cooking Humidifiers Rice cookers ⚫ Kitchen housewor
Slide 5: (2) Comparison of quarterly financial results
I. Consolidated Financial Results for the Nine Months Ended August 20, 2023 (2) Comparison of quarterly financial results Quarterly net sales Unit: Million yen FY 11/2020 FY 11/2021 FY 11/2022 FY 11/2023 30,000 26,500 27,128 24,203 24,698 25,000 20,610 18,746 18,318 19,165 19,754 20,000 17,805 16,67
Slide 6: (3) Overview of financial results
I. Consolidated Financial Results for the Nine Months Ended August 20, 2023 (3) Overview of financial results Net sales Year on year Operating profit Year on year 61,938 million yen +15 million yen +0.0% 4,203 million yen -372 million yen -8.1% Domestic net sales Overseas net sales -934 million yen
Slide 7: (4) Statements of income (P/L)
I. Consolidated Financial Results for the Nine Months Ended August 20, 2023 (4) Statements of income (P/L) (Unit: Million yen, %) Nine months ended Nine months ended August 20, 2022 August 20, 2023 YoY change Amount Composition Amount Composition Amount Rate Net sales 61,923 100.0% 61,938 100.0% 15
Slide 8: (5) Net sales/operating profit by region and product category
I. Consolidated Financial Results for the Nine Months Ended August 20, 2023 (5) Net sales/operating profit by region and product category Nine months ended August 20, 2023 (Unit: Million yen, %) Overseas Japan Asia Americas Others Subtotal Total Of which, China Cooking appliances 28,435 8,128 3,036
Slide 9: (6) Net sales by region and product category
I. Consolidated Financial Results for the Nine Months Ended August 20, 2023 (6) Net sales by region and product category (Unit: Million yen) Others 648 Household and thermal products 970 Americas Cooking Japan appliances 7,551 8,592 37,221 Household and thermal Cooking products Net sales appliances
Slide 10: (7) Net sales by product category (details)
I. Consolidated Financial Results for the Nine Months Ended August 20, 2023 (7) Net sales by product category (details) Nine months ended Nine months ended YoY change (Unit: Million yen, %) August 20, 2022 August 20, 2023 Amount Composition Amount Composition Amount Rate Rice cooking Net sales 61,92
Slide 11: (8) Factors of YoY change in net sales/operating profit
I. Consolidated Financial Results for the Nine Months Ended August 20, 2023 (8) Factors of YoY change in net sales/operating profit Net sales (Unit: Million yen) Operating profit (Unit: Million yen) Cooking Household and appliances thermal products Others Household appliances administrative expenses
Slide 12: (9) Balance sheets (B/S)
I. Consolidated Financial Results for the Nine Months Ended August 20, 2023 (9) Balance sheets (B/S) (Unit: Million yen) November 20, 2022 August 20, 2023 Change Current assets 84,955 82,677 (2,277) Cash and deposits 34,119 35,530 1,411 Merchandise and finished goods 25,271 23,720 (1,550) Other 25,5
Slide 13: II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2023
II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2023
Slide 14: (1) Financial performance
II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2023 (1) Financial performance Japan Asia Americas Others Operating profit Ratio of operating profit to net sales Operating profit Net sales 13.6% （Million yen） （Million yen） 11.3% 7.7% 9.2% 8.2% 7.4% 6.9% 7.3% 5.7%
Slide 15: (2) Statements of income (P/L)
II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2023 (2) Statements of income (P/L) (Unit: Million yen, %) Fiscal year ended Financial results forecast YoY change November 20, 2022 for the fiscal year ending November 20, 2023 Revised forecast Initial forecast Amou
Slide 16: (3) Net sales by region and product category
II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2023 (3) Net sales by region and product category Financial results forecast for the fiscal year ending November 20, 2023 (Unit: Million yen, %) (Revised forecast July 3, 2023) Overseas Japan Total Asia Americas Othe
Slide 17: (4) Net sales by product category (details)
II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2023 (4) Net sales by product category (details) Fiscal year ended Financial results forecast for the fiscal YoY change November 20, 2022 year ending November 20, 2023 (Unit: Million yen, %) Revised Initial forecast
Slide 18: (5) Factors of YoY change in net sales/operating profit
II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2023 (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 Household appliances Others Total of Hou
Slide 19: III. Shareholder Returns
III. Shareholder Returns
Slide 20: III. 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