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

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% － －

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