Zojirushi Corporation · TSE:7965
Zojirushi — FY2025 Earnings Presentation
22 slides from Zojirushi's earnings presentation, Dec 25, 2025
Slide 1: Supplementary Explanatory Materials on Annual Financial Results for FY Ended November 20, 2025
Supplementary Explanatory Materials on Annual Financial Results for the Fiscal Year Ended November 20, 2025 Zojirushi Corporation December 25, 2025
Slide 2: Contents
Contents Ⅰ. Consolidated Financial Results P.02 for the Fiscal Yeaｒ Ended November 20, 2025 Ⅱ. Consolidated Financial Forecast P.13 for the Fiscal Year Ending November 20, 2026 Ⅲ. Shareholder Returns P.19 © Zojirushi Corporation. All Rights Reserved. 1
Slide 3: I. Consolidated Financial Results for the Fiscal Year Ended November 20, 2025
I. Consolidated Financial Results for the Fiscal Yeaｒ Ended November 20, 2025
Slide 4: Composition of net sales by product category/principal products
I. Consolidated Financial Results for the Fiscal Yeaｒ Ended November 20, 2025 (1) Composition of net sales by product category/principal products Household appliances Cooking appliances ⚫ Air-conditioning, cooling, and heating ⚫ Rice cooking Humidifiers Rice cookers ⚫ Kitchen housework Dish dryers ⚫
Slide 5: Comparison of quarterly financial results
I. Consolidated Financial Results for the Fiscal Yeaｒ Ended November 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 23,463 21,099 20,610 21,555 21,486 18,746 18,318 19,
Slide 6: Overview of financial results
I. Consolidated Financial Results for the Fiscal Yeaｒ Ended November 20, 2025 (3) Overview of financial results ⚫ Domestic net sales were strong, while overseas net sales performed well in Taiwan but decreased significantly in China compared with the previous year. ⚫ Efforts to pass on higher import
Slide 7: Statements of income (P/L)
I. Consolidated Financial Results for the Fiscal Yeaｒ Ended November 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 i
Slide 8: Net sales/operating profit by region and product category
I. Consolidated Financial Results for the Fiscal Yeaｒ Ended November 20, 2025 (5) Net sales/operating profit by region and product category Fiscal Year ended November 20, 2025 (Unit: Million yen, %) Overseas Japan Asia Americas Others Subtotal Total Of which, China Cooking appliances 44,800 9,019 2,
Slide 9: Net sales by region and product category
I. Consolidated Financial Results for the Fiscal Yeaｒ Ended November 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 Fiscal Yeaｒ Ended November 20, 2025 (7) Net sales by product category (details) (Unit: Million yen, %) Fiscal Year ended Fiscal Year ended YoY change November 20, 2024 November 20, 2025 Amount Composition Amount Composition Amount Rate Rice cooking Net sales
Slide 11: Factors of YoY change in net sales/operating profit
I. Consolidated Financial Results for the Fiscal Yeaｒ Ended November 20, 2025 (8) Factors of YoY change in net sales/operating profit Net sales (Unit: Million yen) Operating profit (Unit: Million yen) ～ ～ ～ ～ FY11/2024 FY11/2025 FY11/2024 FY11/2025 © Zojirushi Corporation. All Rights Reserved. 10
Slide 12: Balance sheets (B/S)
I. Consolidated Financial Results for the Fiscal Yeaｒ Ended November 20, 2025 (9) Balance sheets (B/S) (Unit: Million yen) November 20, 2024 November 20, 2025 Change Current assets 84,644 85,366 722 Cash and deposits 33,726 33,177 (549) Merchandise and finished goods 24,324 26,091 1,767 Other 26,593
Slide 13: Statements of cash flows
I. Consolidated Financial Results for the Fiscal Yeaｒ Ended November 20, 2025 (10) Statements of cash flows (Unit: Million yen) Effect of Fiscal year Fiscal year Operating Investing Financing End of ended ended Beginning exchange Change CF CF CF period November 20, November 20, of period rate 2024 2
Slide 14: II. Consolidated Financial Forecast for the Fiscal Year Ending November 20, 2026
II. Consolidated Financial Forecast for the Fiscal Year Ending November 20, 2026
Slide 15: Financial performance
II. Consolidated Financial Forecast for the Fiscal Year Ending November 20, 2026 (1) Financial performance Japan Asia Americas Others Operating profit Ratio of operating profit to net sales Net sales 13.6% Operating profit （Million yen） 9.2% （Million yen） 6.9% 7.3% 8.2% 6.8% 8.2% 7.1% 7.4% 5.7% 6.0%
Slide 16: Statements of income (P/L) forecast
II. Consolidated Financial Forecast for the Fiscal Year Ending November 20, 2026 (2) Statements of income (P/L) Financial forecast Fiscal Year ended for the Fiscal Year ending YoY change November 20, 2025 November 20, 2026 (Unit: Million yen, %) Amount Composition Amount Composition Amount Rate Net
Slide 17: Net sales by region and product category
II. Consolidated Financial Forecast for the Fiscal Year Ending November 20, 2026 (3) Net sales by region and product category Financial forecast for the Fiscal Year ending November 20, 2026 (Unit: Million yen, %) Overseas Japan Asia Americas Others Subtotal Total Of which, China Cooking appliances 4
Slide 18: Net sales by product category (details)
II. Consolidated Financial Forecast for the Fiscal Year Ending November 20, 2026 (4) Net sales by product category (details) Financial forecast (Unit: Million yen, %) Fiscal Year ended for the Fiscal Year ending YoY change November 20, 2025 November 20, 2026 Amount Composition Amount Composition Amo
Slide 19: Factors of YoY change in net sales/operating profit
II. Consolidated Financial Forecast for the Fiscal Year Ending November 20, 2026 (5) Factors of YoY change in net sales/operating profit Net sales (Unit: Million yen) Operating profit (Unit: Million yen) ～ ～ ～ ～ FY11/2025 FY11/2026 FY11/2025 FY11/2026 (Financial forecast) (Financial forecast) © Zoji
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