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Zojirushi, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 1% Increase, Dividend Revised Upward by 24 Yen

Mon Jun 30, 2025 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 June 30th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending November 2025 (December 2024 to May 2025) was 5.06 billion yen, a 2.6% decrease compared to the same period last year.

However, the full-year forecast for consolidated ordinary profit has been revised upward 16.3%, from the previous forecast of 6.45 billion yen to 7.50 billion yen (compared to 7.40 billion yen in the previous period), turning to a 1.3% increase in the consolidated ordinary profit outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the June to November period (second half) is expected to grow 10.5% from the same period last year, reaching 2.43 billion yen.

In light of the strong performance, the company has significantly increased its planned annual dividend for the current fiscal year from the original plan of 40 yen to 64 yen (compared to 40 yen in the previous period).

In the most recent three-month period, from March to May (2Q), the consolidated ordinary profit grew 24.9% from the same period last year, reaching 1.55 billion yen. The operating profit margin improved from 4.3% in the same period last year to 7.1%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Dec - May, 2022 45,447 4,476 5,340 3,732 55.2 82.2 Jul 3, 2023 J-GAAP
Dec - May, 2023 47,572 4,370 5,199 4,830 71.4 70.2 Jul 1, 2024 J-GAAP
Dec - May, 2024 50,132 4,870 5,063 3,402 51.9 67.5 Jun 30, 2025 J-GAAP
YoY +5.4% +11.4% -2.6% -29.6% -27.3%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec - May, 2024 Guidance ー ー ー ー － 20 Dec 23, 2024 J-GAAP
Dec - May, 2024 Results 50,132 4,870 5,063 3,402 51.9 30 Jun 30, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov, 2025 Prev 89,500 5,750 6,450 4,250 66.9 40 Dec 23, 2024 J-GAAP
Nov, 2025 New 90,000 7,000 7,500 4,800 75.6 64 Jun 30, 2025 J-GAAP
Revision Rate +0.6% +21.7% +16.3% +12.9% +13.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jun - Nov, 2024 39,649 1,585 2,206 1,632 24.4 23 Dec 23, 2024 J-GAAP
Jun - Nov, 2025 Guidance 39,868 2,130 2,437 1,398 22.0 34 Jun 30, 2025 J-GAAP
YoY +0.6% +34.4% +10.5% -14.3% -9.8%

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 90,000 7,000 7,500 4,800 75.6 64 Jun 30, 2025 J-GAAP
YoY +3.2% +17.5% +1.3% -25.7% -21.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Dec - Feb, 2024 29,032 3,376 3,504 2,291 34.9 11.6 Mar 31, 2025 J-GAAP
Mar - May, 2025 21,100 1,494 1,559 1,111 16.9 7.1 Jun 30, 2025 J-GAAP
YoY +8.6% +76.8% +24.9% -48.0% -46.3%

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