ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Consumer Durables

Zojirushi Corp.

Business Summary

Zojirushi Corp. engages in the manufacture and sale of innovative household products. It operates through the following business divisions: Manufacturing, Sales, Distribution, and Repair and Recycle. The Manufacturing division produces cooking appliances; household and thermal products; and home appliances. The Sales division deals with the domestic and overseas sales and marketing. The Distribution division covers the distribution services. It also supplies commercial and industrial appliances. The Repair and Recycle division handles the storage, transport, and orders for Zojirushi products and parts. The company was founded by Ginzaburo Ichikawa and Kinzaburo Ichikawa on May 10, 1918 and is headquartered in Osaka, Japan.

Financial Highlights

Nov 2021 JPYUSD
Gross Profit25,764M236.38M
Operating income6,456M59.23M
Income before tax6,827M62.63M
Net income4,510M41.37M
Diluted EPS66.670.61
Dividends Per Share340.31
Total Assets101,913M897.55M
Total liabilities25,074M220.82M
Total equity76,225M671.31M
Operating cash flow5,150M47.25M
Currency in JPYCurrency in USD

Historical Data

 Nov 2017Nov 2018Nov 2019Nov 2020Nov 2021
Revenue 85,363M 84,635M 79,110M 74,947M 77,673M
Gross Profit 28,498M 27,411M 25,300M 24,337M 25,764M
Operating income 7,824M 6,254M 5,618M 5,483M 6,456M
Income before tax 8,330M 6,524M 5,880M 5,629M 6,827M
Net income 5,338M 4,435M 4,082M 3,944M 4,510M
EBITDA 9,823M 8,358M 7,676M 7,827M 8,534M
Diluted EPS 79 65.61 60.38 58.32 66.67
Dividends Per Share 22 30 26 26 34
Total Assets 92,928M 92,794M 91,507M 97,019M 101,913M
Total liabilities 25,254M 23,046M 20,486M 24,099M 25,074M
Total equity 66,833M 69,098M 70,350M 72,318M 76,225M
Operating cash flow 6,636M 4,684M 6,739M 7,366M 5,150M
 Nov 2017Nov 2018Nov 2019Nov 2020Nov 2021
Revenue 759.52M 765.89M 724.12M 699.05M 712.64M
Gross Profit 253.56M 248.05M 231.58M 226.99M 236.38M
Operating income 69.61M 56.59M 51.42M 51.14M 59.23M
Income before tax 74.11M 59.03M 53.82M 52.50M 62.63M
Net income 47.49M 40.13M 37.36M 36.78M 41.37M
EBITDA 87.40M 75.63M 70.26M 73.00M 78.29M
Diluted EPS 0.70 0.59 0.55 0.54 0.61
Dividends Per Share 0.19 0.27 0.23 0.24 0.31
Total Assets 830.41M 817.20M 835.60M 930.41M 897.55M
Total liabilities 225.67M 202.95M 187.06M 231.11M 220.82M
Total equity 597.22M 608.52M 642.40M 693.53M 671.31M
Operating cash flow 59.04M 42.38M 61.68M 68.70M 47.25M

Valuation Measures

Nov 2021
Operating margin8.31%
Profit margin5.80%

Key executives

  • President & Representative Director: Norio Ichikawa
  • Director, Executive Officer & GM-Production: Masao Uwa
  • Director & Executive Officer: Eiji Soda
  • Director & General Manager-Administration: Osamu Sanada
  • Director: Yoshitsugu Hirai


  • Great Fortune International Development Ltd. (14.0%)
  • Zojirushi Corp. (6.8%)
  • Mitsubishi UFJ Financial Group, Inc. (3.2%)
  • Zojirushi Kyoei Business Association (3.0%)
  • Nomura Asset Management Co., Ltd. (2.3%)
  • Ichikawa International Scholarships Foundation (2.2%)
  • River City KK (2.1%)
  • Hoei Shoji YK (1.9%)

Contact Details

Related Companies

  • Zojirushi Restricted Stock Compensation Plan
  • Zojirushi Hong Kong Co.,Ltd.
  • Zojirushi Taiwan Corp.
  • Zojirushi SE Asia Corp. Ltd.
  • Zojirushi Shanghai Corp.
  • Zojirushi Raccolto KK
  • Zojirushi Simatelex Co. Ltd.
  • Union Zojirushi Co. Ltd.
  • Zojirushi YOU Service KK
  • Washin Glass KK
  • Zojirushi America Corp.
  • Zojirushi Factory Japan Co., Ltd.
  • Tohai Service Co., Ltd.
  • Zojirushi Kyoei Business Association


  • Lock & Lock Co., Ltd
Last Updated on 20 May, 2022

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more