Zojirushi Corporation · TSE:7965
Zojirushi — Q1 FY2022 Earnings Presentation
22 slides from Zojirushi's earnings presentation, Apr 1, 2022
Slide 1: Supplementary Explanatory Materials for Financial Results for the Three Months Ended February 20, 2022
Zojirushi Corporation Supplementary Explanatory Materials for Financial Results for the Three Months Ended February 20, 2022 April 1, 2022
Slide 2: Contents
Contents I. Consolidated Financial Results for the Three Months Ended February 20, 2022 P. 2 II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2022 P. 13 III. Shareholder Returns P. 20 Inspirations from everyday life. 1
Slide 3: I. Consolidated Financial Results for the Three Months Ended February 20, 2022
I. Consolidated Financial Results for the Three Months Ended February 20, 2022 Inspirations from everyday life. 2
Slide 4: Composition of net sales by product category/principal products
I. Consolidated Financial Results for the Three Months Ended February 20, 2022 (1) Composition of net sales by product category/principal products Household appliances Net sales 26,500 million yen Cooking appliances Composition by product category • Rice cooking • Air-conditioning, cooling, and heat
Slide 5: Financial performance
I. Consolidated Financial Results for the Three Months Ended February 20, 2022 (2) Financial performance 13.6% Net sales Operating profit (Million yen) 11.3% Ratio of operating profit to net sales (Million yen) 15.0% 9.2% 100,000 8.2% 14,000 7.7% 7.3% 7.4% 6.9% 89,796 89,231 90,000 85,363 84,635 5.5
Slide 6: Comparison of quarterly financial results
I. Consolidated Financial Results for the Three Months Ended February 20, 2022 (3) Comparison of quarterly financial results Quarterly net sales Unit: Million yen 30,000 26,500 FY11/19 FY11/20 FY11/21 FY11/22 25,000 24,698 25,369 24,203 19,754 20,000 18,810 15,962 19,521 17,805 15,000 19,165 15,615
Slide 7: Overview of financial results
I. Consolidated Financial Results for the Three Months Ended February 20, 2022 (4) Overview of financial results Sales Domestic net sales −273 million yen (year on year) Cooking appliances: Sales of rice cookers in the affordable price range struggled, while the Embudaki series remained strong. Sa
Slide 8: Statements of income (P/L)
I. Consolidated Financial Results for the Three Months Ended February 20, 2022 (5) Statements of income (P/L) (Unit: Million yen, %) Three months ended Three months ended YoY change February 20, 2021 February 20, 2022 Amount Composition Amount Composition Amount Rate Net sales 24,698 100.0％ 26,500 1
Slide 9: Net sales/operating profit by region and product category
I. Consolidated Financial Results for the Three Months Ended February 20, 2022 (6) Net sales/operating profit by region and product category (Unit: Million yen, %) Three months ended February 20, 2022 Overseas Japan Asia Total Of which, Americas Others Subtotal China Cooking appliances 11,189 4,638
Slide 10: Net sales by region and product category
I. Consolidated Financial Results for the Three Months Ended February 20, 2022 (7) Net sales by region and product category (Unit: Million yen) Household and Others thermal products Americas 379 206 3,493 Cooking appliances 3,097 Household and thermal products 3,184 Three months ended Asia February
Slide 11: Net sales by product category (details)
I. Consolidated Financial Results for the Three Months Ended February 20, 2022 (8) Net sales by product category (details) (Unit: Million yen, %) Three months ended Three months ended YoY change February 20, 2021 February 20, 2022 Amount Composition Amount Composition Amount Rate Net sales 24,698 10
Slide 12: Factors of YoY change in net sales/operating profit
I. Consolidated Financial Results for the Three Months Ended February 20, 2022 (9) 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 654 (707) 38 Others 385 150 2 85 Other h
Slide 13: Balance sheets (B/S)
I. Consolidated Financial Results for the Three Months Ended February 20, 2022 (10) Balance sheets (B/S) (Unit: Million yen) November 20, 2021 February 20, 2022 Change Current assets 77,450 80,095 2,644 Cash and deposits 37,274 39,681 2,407 Merchandise and finished goods 19,796 15,674 (4,121) Other
Slide 14: II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2022
II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2022 Inspirations from everyday life. 13
Slide 15: Financial results forecast
II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2022 (1)-i Financial results forecast (Unit: Million yen, %) Financial results forecast Fiscal year ended November for the fiscal year ending YoY change 20, 2021 November 20, 2022 Amount Composition Amount Compositio
Slide 16: Financial results forecast based on prior standards
II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2022 (1)-ii Financial results forecast based on prior standards Shows the financial results forecast assuming the Accounting Standard for Revenue Recognition has not been applied to enable a comparison based on the s
Slide 17: Financial results forecast against the medium-term financial results targets
II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2022 (1)-iii Financial results forecast against the medium-term financial results targets Compared to the medium- Factors of change: term results target • Increases in revenue expected for both domestic and overseas
Slide 18: Net sales by region and product category
II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2022 (2) Net sales by region and product category (Unit: Million yen, %) Financial results forecast for the fiscal year ending November 20, 2022 Overseas Japan Asia Total Of which, Americas Others Subtotal China Cook
Slide 19: Net sales by product category (details)
II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2022 (3) Net sales by product category (details) (Unit: Million yen, %) Financial results forecast Fiscal year ended for the fiscal year ending YoY change November 20, 2021 November 20, 2022 Amount Composition Amount
Slide 20: Factors of YoY change in net sales/operating profit
II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2022 (4) Factors of YoY change in net sales/operating profit (Unit: Million yen) Net sales Operating profit Cooking appliances Household Household and Others thermal products appliances (12) Others 558 11 378 Total o
Slide 21: III. Shareholder Returns
III. Shareholder Returns Dividend 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 forec
Slide 22: 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