Fiscal Year ended December
2021 (39th term)
Financial Results
Briefing
February 18, 2022
ZOOM Corporation
We're For Creators
I. FY 2021/12 financial results
FY 2021 financial results highlights
Sales and profit both remarkable grew YoY (Record high)
Net sales: | 13,417 million yen (+2,998 million yen YoY, + 3.2% vs. forecast) | |
Operating income: | 1,258 million yen (+ | 503 million yen YoY, +11.4% vs. forecast) |
Ordinary income: | 1,216 million yen (+ | 765 million yen YoY, +13.7% vs. forecast) |
*The forecasts are figures disclosed on August 12, 2021.
・Sales and profit both grew YoY because of strong demand for our products due to changes in lifestyles with COVID-19 pandemic and to making HookUp a consolidated subsidiary in 2021.
・Achieved the performance target of the third medium-term business plan (2021-2023) in the first year: Consolidated operating income 1.2 billion yen.
■Full year | (Million yen) |
14,000 | Net sales | Operating profit | 1,400 | Ordinary profit | ||||
12,000 | 1,200 | |||||||
1,400 | ||||||||
10,000 | 1,200 | 1,000 | ||||||
8,000 | 13,417 | 1,000 | 800 | |||||
6,000 | 800 | 600 | 1,216 | |||||
10,419 | 1,258 | |||||||
4,000 | 600 | 400 | ||||||
400 | 755 | 450 | ||||||
2,000 | 200 | 200 | ||||||
0 | 2020 | 2021 | 0 | 2020 | 2021 | 0 | 2020 | 2021 |
© 2022 ZOOM CORPORATION. All rights reserved. | 2 |
Consolidated income statement for FY 2021 (summary)
(millions of yen)
Results for FY | Results for FY | Change | Remarks | |||
ended | ended | |||||
Dec. 2020 | Dec. 2021 | |||||
・Strong demand for our products | ||||||
Net sales | 10,419 | 13,417 | 2,998 | ・Secured the minimum required semiconductor parts | ||
・Sales increased 1,098 million yen due to making | ||||||
HookUp a consolidated subsidiary | ||||||
Gross profit | 4,288 | 5,704 | 1,416 | ・Gross profit margin improved due to yen depreciation | ||
(Gross profit margin) | (41.2%) | (42.5%) | and price increase of some products. | |||
Operating profit | 755 | 1,258 | 503 | ・Operating profit increased 75 million yen due to making | ||
(Operating profit margin) | (7.2%) | (9.4%) | HookUp a subsidiary. | |||
450 | 1,216 | • In the last year, non-operating expenses of 240 million | ||||
Ordinary profit | 765 | yen were recorded as share of loss of entities | ||||
(Ordinary profit margin) | (4.3%) | (9.1%) | accounted for using equity method, accompanying the | |||
filing by ZOOM UK Distribution Ltd. (ZUK) for | ||||||
administration under bankruptcy law. | ||||||
Net profit attributable to owners | 502 | 854 | • | In the last year, 178 million yen in extraordinary gains | ||
351 | was recorded as gain on step acquisitions from fair- | |||||
of the parent | ||||||
(4.8%) | (6.4%) | market valuation of the equity stake in ZOOM North | ||||
(Net profit margin) | America, LLC (ZNA) prior to making it a consolidated | |||||
subsidiary. | ||||||
EBITDA | 823 | 1,666 | 843 | EBITDA = Operating profit + * Depreciation + share of | ||
profit/loss of entities accounted for using equity method | ||||||
Depreciation | *315 | *408 | 92 | * Includes 181 million yen in amortization of goodwill (vs. | ||
1,071 | 1,331 | 259 | 115 million yen in the previous year) | |||
R&D expenses | ||||||
Foreign exchange gains/losses | (20) | (7) | 13 | |||
Average exchange rate (yen/USD) | 106.8yen | 109.8yen | +3.0yen | |||
© 2022 ZOOM CORPORATION. All rights reserved. | 3 |
Net sales by product category FY 2021
Other | |
Brands offered by Mogar | |
24% | |
Brands offered by HookUp |
HVR
High-quality sound 4K 6% camera for musicians.
PFR
HAR 37%
Your go-to handy recorder that can record professional sound with its advanced preamps and 6 interchangeable capsules, from podcasting to music to filmmaking and more.
7%
In the various fields, a field recorder that can capture both explosive and subtle sounds at full audio quality.
MFX 10%
DMX/MTR
16%
Live mixer and recorder that not only has good sound quality, but also allows you to play BGM, invite guests to appear on the phone, record podcasts, and mix live performances easily.
Multi-effects with expression pedal, which provides greatly expanded expressiveness for the guitar.
*Actual figure for FY 2021/12
© 2022 ZOOM CORPORATION. All rights reserved. | 4 |
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