Zojirushi Corporation · TSE:7965
Zojirushi — H1 FY2023 Earnings Presentation
22 slides from Zojirushi's earnings presentation, Jul 3, 2023
Slide 1: Supplementary Explanatory Materials for Financial Results for the Six Months Ended May 20, 2023
Supplementary Explanatory Materials for Financial Results for the Six Months Ended May 20, 2023 Zojirushi Corporation July 3, 2023
Slide 2: Contents
Contents Ⅰ. Consolidated Financial Results for the P.02 Six Months Ended May 20, 2023 Ⅱ. Consolidated Financial Results Forecast P.13 for the Fiscal Year Ending November 20, 2023 Ⅲ. Shareholder Returns P.19 © 2023 ZOJIRUSHI CORPORATION. All Rights Reserved. 1
Slide 3: I. Consolidated Financial Results for the Six Months Ended May 20, 2023
I. Consolidated Financial Results for the Six Months Ended May 20, 2023
Slide 4: Composition of net sales by product category/principal products
I. Consolidated Financial Results for the Six Months Ended May 20, 2023 (1) Composition of net sales by product category/principal products Household appliances Cooking appliances Others ⚫ Air-conditioning, cooling, 2.5% and heating 5.1% ⚫ Rice cooking Humidifiers Rice cookers ⚫ Kitchen housework Di
Slide 5: Comparison of quarterly financial results
I. Consolidated Financial Results for the Six Months Ended May 20, 2023 (2) Comparison of quarterly financial results Quarterly net sales Unit: Million yen FY 11/2020 FY 11/2021 FY 11/2022 FY 11/2023 30,000 26,500 27,128 24,203 24,698 25,000 18,746 18,318 19,165 19,754 20,610 20,000 17,805 16,676 15
Slide 6: Overview of financial results
I. Consolidated Financial Results for the Six Months Ended May 20, 2023 (3) Overview of financial results Net sales Year on year Operating profit Year on year 45,447 million yen +200 million yen +0.4% 4,476 million yen -367 million yen -7.6% Domestic net sales Overseas net sales -357 million yen +55
Slide 7: Statements of income (P/L)
I. Consolidated Financial Results for the Six Months Ended May 20, 2023 (4) Statements of income (P/L) (Unit: Million yen, %) Six months ended Six months ended May 20, 2022 May 20, 2023 YoY change Amount Composition Amount Composition Amount Rate Net sales 45,247 100.0% 45,447 100.0% 200 0.4% Gross
Slide 8: Net sales/operating profit by region and product category
I. Consolidated Financial Results for the Six Months Ended May 20, 2023 (5) Net sales/operating profit by region and product category Six months ended May 20, 2023 (Unit: Million yen, %) Overseas Japan Asia Americas Others Subtotal Total Of which, China Cooking appliances 20,505 5,939 1,967 5,576 36
Slide 9: Net sales by region and product category
I. Consolidated Financial Results for the Six Months Ended May 20, 2023 (6) Net sales by region and product category (Unit: Million yen) Others 413 Household and thermal products 708 Americas Japan Cooking appliances 6,328 5,576 27,010 Household and thermal products Cooking 5,126 Net sales appliance
Slide 10: Net sales by product category (details)
I. Consolidated Financial Results for the Six Months Ended May 20, 2023 (7) Net sales by product category (details) Six months ended Six months ended YoY change (Unit: Million yen, %) May 20, 2022 May 20, 2023 Amount Composition Amount Composition Amount Rate Rice cooking Net sales 45,247 100.0% 45,
Slide 11: Factors of YoY change in net sales/operating profit
I. Consolidated Financial Results for the Six Months Ended May 20, 2023 (8) 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 Others Other household and
Slide 12: Balance sheets (B/S)
I. Consolidated Financial Results for the Six Months Ended May 20, 2023 (9) Balance sheets (B/S) November 20, 2022 May 20, 2023 Change (Unit: Million yen) Current assets 84,955 82,332 (2,622) Cash and deposits 34,119 37,383 3,264 Merchandise and finished goods 25,271 21,319 (3,952) Other 25,564 23,6
Slide 13: Statements of cash flows
I. Consolidated Financial Results for the Six Months Ended May 20, 2023 (10) Statements of cash flows Investing Financing (Unit: Million yen) Operating CF CF CF Effect of Fiscal year Fiscal year Beginning exchange End of ended ended Change of period rate change period May 20, 2022 May 20, 2023 Cash
Slide 14: 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
Slide 15: Financial performance
II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2023 (1) Financial performance Japan Asia Americas Others Operating profit Ratio of operating profit to net sales 13.6% Operating profit Net sales 11.3% 7.7% 9.2% 8.2% （Million yen） （Million yen） 7.4% 6.9% 7.3% 5.7%
Slide 16: Statements of income (P/L) forecast
II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2023 (2) Statements of income (P/L) Fiscal year ended Financial results forecast YoY change (Unit: Million yen, %) November 20, 2022 for the fiscal year ending November 20, 2023 Revised forecast Initial forecast Amou
Slide 17: Net sales by region and product category forecast
II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2023 (3) Net sales by region and product category Financial results forecast for the fiscal year ending November 20, 2023 (Unit: Million yen, %) (Revised forecast July 3, 2023) Overseas Japan Total Asia Americas Othe
Slide 18: Net sales by product category (details)
II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2023 (4) Net sales by product category (details) Fiscal year ended Financial results forecast for the fiscal YoY change November 20, 2022 year ending November 20, 2023 (Unit: Million yen, %) Revised Initial forecast
Slide 19: Factors of YoY change in net sales/operating profit
II. Consolidated Financial Results Forecast for the Fiscal Year Ending November 20, 2023 (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 Household appliances Others Total of Hou
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