Zojirushi Corporation · TSE:7965
Zojirushi — Q2 FY2022 Earnings Presentation
23 slides from Zojirushi's earnings presentation, Jul 1, 2022
Slide 1: Supplementary Explanatory Materials for Financial Results for the Six Months Ended May 20, 2022
Zojirushi Corporation Supplementary Explanatory Materials for Financial Results for the Six Months Ended May 20, 2022 July 1, 2022
Slide 2: Contents
Contents I. Consolidated Financial Results for the Six Months Ended May 20, 2022 P. 2 II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2022 P. 15 III. Shareholder Returns P. 21 Inspirations from everyday life. 1
Slide 3: I. Consolidated Financial Results for the Six Months Ended May 20, 2022
I. Consolidated Financial Results for the Six Months Ended May 20, 2022 2
Slide 4: Composition of net sales by product category/principal products
I. Consolidated Financial Results for the Six Months Ended May 20, 2022 (1) Composition of net sales by product category/principal products Household appliances Net sales 45,247 million yen Cooking appliances Composition by product category • Rice cooking • Air-conditioning, cooling, and heating Ric
Slide 5: Financial performance
I. Consolidated Financial Results for the Six Months Ended May 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 12,1
Slide 6: Comparison of quarterly financial results
I. Consolidated Financial Results for the Six Months Ended May 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 15,962 19,521 17,805 15,000 19
Slide 7: Overview of financial results
I. Consolidated Financial Results for the Six Months Ended May 20, 2022 (4) Overview of financial results Sales Domestic net sales +362 million yen (year on year) Cooking appliances: Sales of rice cookers declined year on year, while the Embudaki series remained strong. Sales of electric kettles w
Slide 8: Statements of income (P/L)
I. Consolidated Financial Results for the Six Months Ended May 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 year en
Slide 9: Statements of income (P/L) based on prior standards
I. Consolidated Financial Results for the Six Months Ended May 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 standard be
Slide 10: Net sales/operating profit by region and product category
I. Consolidated Financial Results for the Six Months Ended May 20, 2022 (6) Net sales/operating profit by region and product category (Unit: Million yen, %) Six months ended May 20, 2022 Overseas Japan Asia Total Of which, Americas Others Subtotal China Cooking appliances 21,191 6,874 2,878 4,803 6
Slide 11: Net sales by region and product category
I. Consolidated Financial Results for the Six Months Ended May 20, 2022 (7) Net sales by region and product category (Unit: Million yen) Household and Others thermal products Americas 360 629 5,466 Cooking appliances 4,803 Household and thermal products 4,807 Six months ended May 20, 2022 Cooking ap
Slide 12: Net sales by product category (details)
I. Consolidated Financial Results for the Six Months Ended May 20, 2022 (8) Net sales by product category (details) (Unit: Million yen, %) Six months ended Six months ended YoY change May 20, 2021 May 20, 2022 Amount Composition Amount Composition Amount Rate Net sales 42,504 100.0％ 45,247 100.0％ 2,
Slide 13: Factors of YoY change in net sales/operating profit
I. Consolidated Financial Results for the Six Months Ended May 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 137 955 (1,229) 532 Others (44) 276 593 (70) 13
Slide 14: Balance sheets (B/S)
I. Consolidated Financial Results for the Six Months Ended May 20, 2022 (10) Balance sheets (B/S) (Unit: Million yen) November 20, 2021 May 20, 2022 Change Current assets 77,450 81,635 4,185 Cash and deposits 37,274 43,955 6,681 Merchandise and finished goods 19,796 16,480 (3,315) Other 20,379 21,19
Slide 15: Statements of cash flows
I. Consolidated Financial Results for the Six Months Ended May 20, 2022 (11) Statements of cash flows Profit before tax +5,588 (Unit: Million yen) Decrease in trade receivables +2,108 Decrease in inventories +1,140 Fiscal year Fiscal year Decrease in trade payables (1,030) ended ended Change Income
Slide 16: 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 17: 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 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)-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 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 (Published on June. 20, 2022) Overseas Japan Asia Total Of which, Ameri
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, %) Fiscal year ended Financial results forecast for the fiscal year ending YoY change November 20, 2021 November 20, 2022 Revised forecast Amount C
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 and Household Others thermal products appliances 468 87 Others 1,029 11 1,313 T
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