Zojirushi Corporation, June-August (3Q) Ordinary Profit Increases by 39%

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Tue Oct 1, 2024 3:30 pm JST Earnings

7965 Zojirushi Corporation 【J-GAAP】

Earnings Report

Zojirushi Corporation <7965> [TSE-P] announced its financial results after the market closed on October 1st (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending November 2024 (December 2023 to August 2024) was 5.31 billion yen, a 2.0% decrease compared to the same period last year. The progress rate against the 5.7 billion yen full-year plan was 93.3%, also surpassing the five-year average of 81.2%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the September to November period (4Q) is expected to significant drop by 64.2% from the same period last year to 383 million yen.

In the most recent three-month period, from June to August (3Q), the consolidated ordinary profit increased by 38.8% from the same period last year, reaching 118 million yen. The operating profit/loss margin improved from -1.7% in the same period last year to 0.6%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Dec - Aug, 2021	61,923	4,575	5,799	3,724	55.1	99.7	Oct 3, 2022	J-GAAP
Dec - Aug, 2022	61,938	4,203	5,425	3,711	54.9	83.5	Oct 2, 2023	J-GAAP
Dec - Aug, 2023	65,735	4,478	5,317	4,874	72.5	93.3	Oct 1, 2024	J-GAAP
YoY	+6.1%	+6.5%	-2.0%	+31.3%	+32.1%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jun - Nov, 2023	38,047	524	1,156	709	10.5	17	Dec 25, 2023	J-GAAP
Jun - Nov, 2024 Guidance	39,428	830	501	170	2.6	17	Jul 1, 2024	J-GAAP
YoY	+3.6%	+58.4%	-56.7%	-76.0%	-75.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Nov, 2022	82,534	4,664	5,815	3,658	54.1	34	Dec 26, 2022	J-GAAP
Nov, 2023	83,494	5,000	6,496	4,441	65.6	34	Dec 25, 2023	J-GAAP
Nov, 2024 Guidance	87,000	5,200	5,700	5,000	76.2	34	Dec 25, 2023	J-GAAP
YoY	+4.2%	+4.0%	-12.3%	+12.6%	+16.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	16,491	-273	85	-21	-0.3	-1.7	Oct 2, 2023	J-GAAP
Sep - Nov, 2023	21,556	797	1,071	730	10.8	3.7	Dec 25, 2023	J-GAAP
Dec - Feb, 2023	28,144	3,525	3,951	2,695	39.8	12.5	Apr 1, 2024	J-GAAP
Mar - May, 2024	19,428	845	1,248	2,135	31.6	4.3	Jul 1, 2024	J-GAAP
Jun - Aug, 2024	18,163	108	118	44	0.7	0.6	Oct 1, 2024	J-GAAP
YoY	+10.1%	－	+38.8%	－	－