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Zojirushi, 13% Decrease in Ordinary Profit for The Current Fiscal Year, Increased Previous Year's Dividend by 6 yen, Plan to Continue the 40 yen Policy This Fiscal Year as Well

Mon Dec 23, 2024 3:30 pm JST Earnings

7965 Zojirushi Corporation 【J-GAAP】

Earnings Report

Zojirushi Corporation <7965> [TSE Prime] announced its financial results after the market closed on December 23rd (15:30). The consolidated ordinary profit for the fiscal year ending November 2024 increased 14.0% from the previous period to 7.4 billion yen. However, for the fiscal year ending November 2025, the profit is expected to decrease by 12.9% from the previous period to 6.45 billion yen.

At the same time, the company increased the annual dividend for the previous term from 34 yen to 40 yen (compared to 34 yen in the prior term), and has decided to continue with a dividend of 40 yen for the current term as well.

In the most recent three-month period, from September to November (4Q), the consolidated ordinary profit increased 95.0% from the same period last year, reaching 2.08 billion yen. The operating profit margin significantly improved from 3.7% in the same period last year to 6.9%.

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Actual Results

Historical Performance
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 87,221 5,955 7,405 6,462 96.6 40 Dec 23, 2024 J-GAAP
YoY +4.5% +19.1% +14.0% +45.5% +47.2%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2024 Guidance 87,221 5,955 7,405 6,462 96.6 34 Dec 16, 2024 J-GAAP
Nov, 2024 Results 87,221 5,955 7,405 6,462 96.6 40 Dec 23, 2024 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2023 47,572 4,370 5,199 4,830 71.4 17 Jul 1, 2024 J-GAAP
Dec - May, 2024 Guidance ー ー ー ー － 20 Dec 23, 2024 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2023 83,494 5,000 6,496 4,441 65.6 34 Dec 25, 2023 J-GAAP
Nov, 2024 87,221 5,955 7,405 6,462 96.6 40 Dec 23, 2024 J-GAAP
Nov, 2025 Guidance 89,500 5,750 6,450 4,250 66.9 40 Dec 23, 2024 J-GAAP
YoY +2.6% -3.4% -12.9% -34.2% -30.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Sep - Nov, 2024 21,486 1,477 2,088 1,588 23.8 6.9 Dec 23, 2024 J-GAAP
YoY -0.3% +85.3% +95.0% +117.5% +120.1%

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