Zojirushi raises earnings forecast on strong sales, reduced losses

Zojirushi Corporation announced a revision to its consolidated financial results forecast for the fiscal year ending November 20, 2025. The company now expects net sales of JPY 91,151 million, up from the previous JPY 90,000 million. Operating profit is projected to increase to JPY 7,436 million from JPY 7,000 million, while ordinary profit is expected to rise to JPY 8,300 million from JPY 7,500 million. Profit attributable to owners of parent is anticipated to reach JPY 5,980 million, a significant increase from JPY 4,800 million. Basic earnings per share are forecasted at JPY 92.30, up from JPY 72.46.

This upward revision is attributed to strong domestic sales of its top-tier induction heating pressure rice cookers and humidifiers, which surpassed previous year's results. Higher sales of high-priced products in Japan contributed to improved profitability. Furthermore, the company anticipates reduced foreign exchange losses due to a weaker yen at the settlement time than initially assumed, coupled with efforts to pass on increased import costs.

The company also expects to record a gain on negative goodwill from the acquisition of shares in a Hong Kong company, which contributed to the higher projected operating, ordinary, and net profits. These factors collectively led to the decision to revise the full-year consolidated financial results forecast.