Zojirushi Corporation · TSE:7965
Zojirushi — Q2 FY2024 Earnings Presentation
22 slides from Zojirushi's earnings presentation, Jul 1, 2024
Slide 1: Supplementary Explanatory Materials for Financial Results for the Six Months Ended May 20, 2024
Supplementary Explanatory Materials for Financial Results for the Six Months Ended May 20, 2024 Zojirushi Corporation July 1, 2024
Slide 2: Contents
Contents Ⅰ. Consolidated Financial Results P.02 for the Six Months Ended May 20, 2024 Ⅱ. Consolidated Financial Forecast P.13 for the Fiscal Year Ending November 20, 2024 Ⅲ. Shareholder Returns P.19 © ZOJIRUSHI CORPORATION. All Rights Reserved. 1
Slide 3: I. Consolidated Financial Results for the Six Months Ended May 20, 2024
I. Consolidated Financial Results for the Six Months Ended May 20, 2024
Slide 4: Composition of net sales by product category/principal products
I. Consolidated Financial Results for the Six Months Ended May 20, 2024 (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 ⚫ Water
Slide 5: Comparison of quarterly financial results
I. Consolidated Financial Results for the Six Months Ended May 20, 2024 (2) Comparison of quarterly financial results Quarterly net sales Unit: Million yen FY 11/2021 FY 11/2022 FY 11/2023 FY 11/2024 Quarterly operating profit Unit: Million yen FY 11/2021 FY 11/2022 FY 11/2023 FY 11/2024 © ZOJIRUSHI
Slide 6: Overview of financial results
I. Consolidated Financial Results for the Six Months Ended May 20, 2024 (3) Overview of financial results Net sales Year on year Operating profit Year on year 47,572 Million yen +2,124 Million yen +4.7% 4,370 Million yen -106 Million yen -2.4% Domestic net sales Overseas net sales +1,535 Million yen
Slide 7: Statements of income (P/L)
I. Consolidated Financial Results for the Six Months Ended May 20, 2024 (4) Statements of income (P/L) (Unit: Million yen, %) Six months ended Six months ended May 20, 2023 May 20, 2024 YoY change Amount Composition Amount Composition Amount Rate Net sales 45,447 100.0% 47,572 100.0% 2,124 4.7% Gros
Slide 8: Net sales/operating profit by region and product category
I. Consolidated Financial Results for the Six Months Ended May 20, 2024 (5) Net sales/operating profit by region and product category Six months ended May 20, 2024 (Unit: Million yen, %) Overseas Japan Asia Americas Others Subtotal Total Of which, China Cooking appliances 21,395 6,087 2,183 5,797 67
Slide 9: Net sales by region and product category
I. Consolidated Financial Results for the Six Months Ended May 20, 2024 (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, 2024 (7) Net sales by product category (details) Six months ended Three months ended YoY change (Unit: Million yen, %) May 20, 2023 May 20, 2024 Amount Composition Amount Composition Amount Rate Rice cooking Net sales 45,447 100.0% 4
Slide 11: Factors of YoY change in net sales/operating profit
I. Consolidated Financial Results for the Six Months Ended May 20, 2024 (8) Factors of YoY change in net sales/operating profit Net sales (Unit: Million yen) Operating profit (Unit: Million yen) Household and Others Cooking appliances thermal products Household appliances Attributable to gross profi
Slide 12: Balance sheets (B/S)
I. Consolidated Financial Results for the Six Months Ended May 20, 2024 (9) Balance sheets (B/S) (Unit: Million yen) November 20, 2023 May 20, 2024 Change Current assets 83,640 87,996 4,356 Cash and deposits 34,198 44,073 9,875 Merchandise and finished goods 24,254 19,976 (4,278) Other 25,187 23,946
Slide 13: Statements of cash flows
I. Consolidated Financial Results for the Six Months Ended May 20, 2024 (10) Statements of cash flows (Unit: Million yen) Operating Investing Financing Effect of Fiscal year Fiscal year Beginning End of CF CF CF exchange ended ended Change of period period rate change May 20, 2023 May 20, 2024 Cash
Slide 14: II. Consolidated Financial Forecast for the Fiscal Year Ending November 20, 2024
II. Consolidated Financial Forecast for the Fiscal Year Ending November 20, 2024
Slide 15: Financial performance
II. Consolidated Financial Forecast for the Fiscal Year Ending November 20, 2024 (1) Financial performance Japan Asia Americas Others Operating profit Ratio of operating profit to net sales Net sales Operating profit （Million yen） （Million yen） © ZOJIRUSHI CORPORATION. All Rights Reserved. 14
Slide 16: Statements of income (P/L) forecast
II. Consolidated Financial Forecast for the Fiscal Year Ending November 20, 2024 (2) Statements of income (P/L) Financial forecast (Unit: Million yen, %) Fiscal Year ended for the Fiscal Year ending YoY change November 20, 2023 November 20, 2024 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, 2024 (3) Net sales by region and product category (Unit: Million yen, %) Financial forecast for the Fiscal Year ending November 20, 2024 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, 2024 (4) Net sales by product category (details) Financial forecast Fiscal Year ended for the Fiscal Year ending YoY change November 20, 2023 November 20, 2024 (Unit: Million yen, %) Rice cooking Amount Composition Amount Co
Slide 19: Factors of YoY change in net sales/operating profit
II. Consolidated Financial Forecast for the Fiscal Year Ending November 20, 2024 (5) Factors of YoY change in net sales/operating profit Net sales (Unit: Million yen) Operating profit (Unit: Million yen) Cooking Household and Others appliances thermal products Household appliances Attributable to gr
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