Zojirushi Corporation · TSE:7965
Zojirushi — FY2022 Earnings Presentation
23 slides from Zojirushi's earnings presentation, Dec 26, 2022
Slide 1: Supplementary Explanatory Materials on Annual Financial Results FY ended November 20, 2022
Zojirushi Corporation Supplementary Explanatory Materials on Annual Financial Results for the Fiscal Year Ended November 20, 2022 December 26, 2022
Slide 2: Contents
Contents I. Consolidated Financial Results for the Fiscal Year Ended November 20, 2022 P. 2 II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2023 P. 16 III. Shareholder Returns P. 21 Treasuring Everyday life 1
Slide 3: I. Consolidated Financial Results for the Fiscal Year Ended November 20, 2022
I. Consolidated Financial Results for the Fiscal Year Ended November 20, 2022 2
Slide 4: Composition of net sales by product category/principal products
I. Consolidated Financial Results for the Fiscal Year Ended November 20, 2022 (1) Composition of net sales by product category/principal products Household appliances Net sales 82,534 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, 2022 (2) Financial performance 13.6% Net sales 11.3% Ratio of operating profit to net sales Operating profit (Million yen) 9.2% (Million yen) 8.2% 7.4% 6.9% 7.3% 100,000 7.7% 14,000 5.7% 4.7% 89,796 89,231 90,000 2.7% 85,363 84
Slide 6: Comparison of quarterly financial results
I. Consolidated Financial Results for the Fiscal Year Ended November 20, 2022 (3) Comparison of quarterly financial results Quarterly net sales Unit: Million yen 28,000 26,500 26,000 FY 11/2019 FY 11/2020 FY 11/2021 FY 11/2022 24,698 24,000 25,369 22,000 20,610 24,203 20,000 18,746 18,810 18,000 16,
Slide 7: Overview of financial results
I. Consolidated Financial Results for the Fiscal Year Ended November 20, 2022 (4) Overview of financial results Sales Domestic net sales +1,468 million yen (year on year) Cooking appliances: Sales of rice cookers/warmers were strong, increasing year on year. Electric kettles also recorded strong s
Slide 8: Statements of income (P/L)
I. Consolidated Financial Results for the Fiscal Year Ended November 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 fiscal year ended November 20
Slide 9: Statements of income (P/L) based on prior standards
I. Consolidated Financial Results for the Fiscal Year Ended November 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 stand
Slide 10: Net sales/operating profit by region and product category
I. Consolidated Financial Results for the Fiscal Year Ended November 20, 2022 (6) Net sales/operating profit by region and product category (Unit: Million yen, %) Fiscal Year ended November 20, 2022 Overseas Japan Asia Total Of which, Americas Others Subtotal China Cooking appliances 40,181 10,463 4
Slide 11: Net sales by region and product category
I. Consolidated Financial Results for the Fiscal Year Ended November 20, 2022 (7) Net sales by region and product category (Unit: Million yen) Household and thermal products Others 1,368 Americas 664 9,799 Cooking appliances 8,355 Household and thermal products Fiscal Year Ended 7,339 Asia November
Slide 12: Net sales by product category (details)
I. Consolidated Financial Results for the Fiscal Year Ended November 20, 2022 (8) Net sales by product category (details) (Unit: Million yen, %) Fiscal Year ended Fiscal Year ended YoY change November 20, 2021 November 20, 2022 Amount Composition Amount Composition Amount Rate Net sales 77,673 100.0
Slide 13: Factors of YoY change in net sales
I. Consolidated Financial Results for the Fiscal Year Ended November 20, 2022 (9) Factors of YoY change in net sales (Unit: Million yen) Net sales Cooking appliances Household and thermal products Household Others appliances 155 662 50 Others 620 701 172 (968) 921 Total of household appliances Other
Slide 14: Factors of YoY change in operating profit
I. Consolidated Financial Results for the Fiscal Year Ended November 20, 2022 (10) Factors of YoY change in operating profit (Unit: Million yen) Operating profit 187 (411) 1,022 (420) Increase in gross profit margin (2,112) Increase in selling, general and administrative expenses Impact of the Accou
Slide 15: Balance sheets (B/S)
I. Consolidated Financial Results for the Fiscal Year Ended November 20, 2022 (11) Balance sheets (B/S) (Unit: Million yen) November 20, 2021 November 20, 2022 Change Current assets 77,450 84,955 7,505 Cash and deposits 37,274 34,119 (3,154) Merchandise and finished goods 19,796 25,271 5,475 Other 2
Slide 16: Statements of cash flows
I. Consolidated Financial Results for the Fiscal Year Ended November 20, 2022 (12) Statements of cash flows Profit before income taxes +5,711 Increase in depreciation +1,963 (Unit: Million yen) Increase in trade payables +682 Fiscal year Fiscal year Increase in inventories (6,934) ended ended Income
Slide 17: 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 13
Slide 18: Financial results forecast
II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2023 (1) Financial results forecast (Unit: Million yen, %) Financial results forecast Fiscal year ended November for the fiscal year ending YoY change 20, 2022 November 20, 2023 Amount Composition Initial forecast Co
Slide 19: Net sales by region and product category
II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2023 (2) Net sales by region and product category (Unit: Million yen, %) Financial results forecast for the fiscal year ending November 20, 2023 Overseas Japan Asia Total Of which, Americas Others Subtotal China Cook
Slide 20: Net sales by product category (details)
II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2023 (3) Net sales by product category (details) (Unit: Million yen, %) Financial results forecast for the Fiscal year ended fiscal year ending November 20, YoY change November 20, 2022 2023 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, 2023 (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 2,908 84 (621) 292 Glass vacuu
Slide 22: III. Shareholder Returns
III. Shareholder Returns 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 forecast, etc.
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