Zojirushi Corporation · TSE:7965
Zojirushi — Q1 FY2025 Earnings Presentation
22 slides from Zojirushi's earnings presentation, Mar 31, 2025
Slide 1: Supplementary Explanatory Materials for Financial Results, Three Months Ended February 20, 2025
Supplementary Explanatory Materials for Financial Results for the Three Months Ended February 20, 2025 Zojirushi Corporation March 31, 2025
Slide 2: Contents
Contents Ⅰ. Consolidated Financial Results P.02 for the Three Months Ended February 20, 2025 Ⅱ. Consolidated Financial Forecast P.12 for the Fiscal Year Ending November 20, 2025 Ⅲ. Shareholder Returns P.19 © Zojirushi Corporation. All Rights Reserved. 1
Slide 3: I. Consolidated Financial Results for the Three Months Ended February 20, 2025
I. Consolidated Financial Results for the Three Months Ended February 20, 2025
Slide 4: Composition of net sales by product category/principal products
I. Consolidated Financial Results for the Three Months Ended February 20, 2025 (1) Composition of net sales by product category/principal products Household appliances Cooking appliances Others ⚫ Air-conditioning, cooling, and heating 10.6 % 2.3% ⚫ Rice cooking Humidifiers Rice cookers ⚫ Kitchen hou
Slide 5: Comparison of quarterly financial results
I. Consolidated Financial Results for the Three Months Ended February 20, 2025 (2) Comparison of quarterly financial results Quarterly net sales Unit: Million yen FY 11/2022 FY 11/2023 FY 11/2024 FY 11/2025 30,000 27,128 28,144 29,032 26,500 25,000 20,610 21,555 21,486 18,746 18,318 19,427 18,163 20
Slide 6: Overview of financial results
I. Consolidated Financial Results for the Three Months Ended February 20, 2025 ⚫ Domestic sales increased, while sales in China struggled. (3) Overview of financial results ⚫ Despite efforts to pass on higher import costs due to the depreciation of the yen, rising costs and increased expenses led to
Slide 7: Statements of income (P/L)
I. Consolidated Financial Results for the Three Months Ended February 20, 2025 (4) Statements of income (P/L) Three months ended Three months ended February 20, 2024 February 20, 2025 YoY change (Unit: Million yen, %) Amount Composition Amount Composition Amount Rate Factors ・Strong domestic sales N
Slide 8: Net sales/operating profit by region and product category
I. Consolidated Financial Results for the Three Months Ended February 20, 2025 (5) Net sales/operating profit by region and product category (Unit: Million yen, %) Three months ended February 20, 2025 Overseas Japan Asia Americas Others Subtotal Total Of which, China Cooking appliances 12,967 3,571
Slide 9: Net sales by region and product category
I. Consolidated Financial Results for the Three Months Ended February 20, 2025 (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 Three Months Ended February 20, 2025 (7) Net sales by product category (details) (Unit: Million yen, %) Three months ended Three months ended YoY change February 20, 2024 February 20, 2025 Amount Composition Amount Composition Amount Rate Rice cooking Net sa
Slide 11: Factors of YoY change in net sales/operating profit
I. Consolidated Financial Results for the Three Months Ended February 20, 2025 (8) Factors of YoY change in net sales/operating profit Net sales (Unit: Million yen) Operating profit (Unit: Million yen) 149 Household and Others Cooking appliances thermal products Household 190 appliances 472 16 (169)
Slide 12: Balance sheets (B/S)
I. Consolidated Financial Results for the Three Months Ended February 20, 2025 (9) Balance sheets (B/S) (Unit: Million yen) November 20, 2024 February 20, 2025 Change Current assets 84,644 85,215 571 Cash and deposits 33,726 36,122 2,395 Merchandise and finished goods 24,324 20,661 (3,663) Other 26,
Slide 13: 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 14: 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 15: 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 Fiscal Year ended for the Fiscal Year ending YoY change November 20, 2024 November 20, 2025 (Unit: Million yen, %) Amount Composition Amount Composition Amount Rate Net
Slide 16: Net sales by region and product category forecast
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 17: 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 Fiscal Year ended for the Fiscal Year ending YoY change November 20, 2024 November 20, 2025 (Unit: Million yen, %) Rice cooking Amount Composition Amount Co
Slide 18: 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 739 Others appliances thermal products Household appliances (291) 5,955 51
Slide 19: 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 20: III. Shareholder Returns
III. Shareholder Returns
Slide 21: 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 22: 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