Zojirushi Corporation · TSE:7965
Zojirushi — H1 FY2025 Earnings Presentation
23 slides from Zojirushi's earnings presentation, Jun 30, 2025
Slide 1: Supplementary Explanatory Materials for Financial Results for the Six Months Ended May 20, 2025
Supplementary Explanatory Materials for Financial Results for the Six Months Ended May 20, 2025 Zojirushi Corporation June 30, 2025
Slide 2: Contents
Contents Ⅰ. Consolidated Financial Results P.02 for the Six Months Ended May 20, 2025 Ⅱ. Consolidated Financial Forecast P.13 for the Fiscal Year Ending November 20, 2025 Ⅲ. Shareholder Returns P.20 © Zojirushi Corporation. All Rights Reserved. 1
Slide 3: I. Consolidated Financial Results for the Six Months Ended May 20, 2025
I. Consolidated Financial Results for the Six Months Ended May 20, 2025
Slide 4: Composition of net sales by product category/principal products
I. Consolidated Financial Results for the Six Months Ended May 20, 2025 (1) Composition of net sales by product category/principal products Household appliances Cooking appliances Others ⚫ Air-conditioning, cooling, and heating Humidifiers 6.9 % 2.6 % ⚫ Rice cooking Rice cookers ⚫ Kitchen housework
Slide 5: Comparison of quarterly financial results
I. Consolidated Financial Results for the Six Months Ended May 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 28,144 29,032 30,000 26,500 27,128 25,000 21,099 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 Six Months Ended May 20, 2025 (3) Overview of financial results ⚫ Domestic net sales were strong, while overseas net sales performed well in North America and Taiwan but decreased significantly in China compared with the previous year. ⚫ Efforts to pass on h
Slide 7: Statements of income (P/L)
I. Consolidated Financial Results for the Six Months Ended May 20, 2025 (4) Statements of income (P/L) ⚫ Despite rising selling, general and administrative expenses including shipping costs and Expo-related expenses, an increase in net sales and a decline in the SG&A ratio led to an increase in oper
Slide 8: Net sales/operating profit by region and product category
I. Consolidated Financial Results for the Six Months Ended May 20, 2025 (5) Net sales/operating profit by region and product category Six months ended May 20, 2025 (Unit: Million yen, %) Overseas Japan Asia Americas Others Subtotal Total Of which, China Cooking appliances 23,816 5,899 1,528 6,334 10
Slide 9: Net sales by region and product category
I. Consolidated Financial Results for the Six Months Ended May 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 Six Months Ended May 20, 2025 (7) Net sales by product category (details) (Unit: Million yen, %) Six months ended Six months ended YoY change May 20, 2024 May 20, 2025 Amount Composition Amount Composition Amount Rate Rice cooking Net sales 47,572 100.0% 50,
Slide 11: Factors of YoY change in net sales/operating profit
I. Consolidated Financial Results for the Six Months Ended May 20, 2025 (8) Factors of YoY change in net sales/operating profit Net sales (Unit: Million yen) Operating profit (Unit: Million yen) Household and Others Cooking thermal products 243 appliances Household appliances 705 (279) 4,870 Attribu
Slide 12: Balance sheets (B/S)
I. Consolidated Financial Results for the Six Months Ended May 20, 2025 (9) Balance sheets (B/S) (Unit: Million yen) November 20, 2024 May 20, 2025 Change Current assets 84,644 84,157 (486) Cash and deposits 33,726 41,208 7,481 Merchandise and finished goods 24,324 19,070 (5,253) Other 26,593 23,879
Slide 13: Statements of cash flows
I. Consolidated Financial Results for the Six Months Ended May 20, 2025 (10) Statements of cash flows (Unit: Million yen) Effect of Six months Six months Operating Investing Financing End of Beginning exchange ended ended Change CF CF CF period of period rate May 20, 2024 May 20, 2025 11,892 change
Slide 14: 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 15: 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 11.3% 13.6% Operating profit （Million yen） 9.2% 7.4% 7.3% 8.2% 7.8% （Million yen） 6.9% 5.7% 6.0% 6.8
Slide 16: Statements of income (P/L) forecast
II. Consolidated Financial Forecast for the Fiscal Year Ending November 20, 2025 (2) Statements of income (P/L) (Unit: Million yen, %) Fiscal Year ended Financial forecast YoY change November 20, 2024 for the Fiscal Year ending November 20, 2025 (vs. Revised forecast) Revised forecast Initial foreca
Slide 17: Net sales by region and product category
II. Consolidated Financial Forecast for the Fiscal Year Ending November 20, 2025 (3) Net sales by region and product category Financial forecast for the Fiscal Year ending November 20, 2025 (Revised forecast June 30, 2025) (Unit: Million yen, %) Overseas Japan Asia Americas Others Subtotal Total Of
Slide 18: 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) (Unit: Million yen, %) Fiscal Year ended Financial forecast YoY change November 20, 2024 for the Fiscal Year ending November 20, 2025 (vs. Revised forecast) Initial Revised fo
Slide 19: 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 Others 696 appliances thermal products Household 7,000 1,322 51 appliances
Slide 20: 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 Revised Forecast vs. Factors of change Mid-term Target Increase in sales in Japan due to strong performance of induction heating pressure rice cookers, Net
Slide 21: III. Shareholder Returns
III. Shareholder Returns
Slide 22: 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 23: 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