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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 2022 JPYUSD
Gross Profit24,986M192.64M
Operating income4,666M35.97M
Income before tax5,711M44.03M
Net income3,658M28.20M
Diluted EPS54.070.41
Dividends Per Share340.26
Total Assets111,184M796.78M
Total liabilities29,904M214.30M
Total equity80,460M576.60M
Operating cash flow-279M-2.15M
Currency in JPYCurrency in USD

Historical Data

 Nov 2018Nov 2019Nov 2020Nov 2021Nov 2022
Revenue 84,635M 79,110M 74,947M 77,673M 82,534M
Gross Profit 27,411M 25,300M 24,337M 25,764M 24,986M
Operating income 6,254M 5,618M 5,483M 6,456M 4,666M
Income before tax 6,524M 5,880M 5,629M 6,827M 5,711M
Net income 4,435M 4,082M 3,944M 4,510M 3,658M
EBITDA 8,358M 7,676M 7,827M 8,534M 6,629M
Diluted EPS 65.61 60.38 58.32 66.67 54.07
Dividends Per Share 30 26 26 34 34
Total Assets 92,794M 91,507M 97,019M 101,913M 111,184M
Total liabilities 23,046M 20,486M 24,099M 25,074M 29,904M
Total equity 69,098M 70,350M 72,318M 76,225M 80,460M
Operating cash flow 4,684M 6,739M 7,366M 5,150M -279M
 Nov 2018Nov 2019Nov 2020Nov 2021Nov 2022
Revenue 765.89M 724.12M 699.05M 712.64M 636.36M
Gross Profit 248.05M 231.58M 226.99M 236.38M 192.64M
Operating income 56.59M 51.42M 51.14M 59.23M 35.97M
Income before tax 59.03M 53.82M 52.50M 62.63M 44.03M
Net income 40.13M 37.36M 36.78M 41.37M 28.20M
EBITDA 75.63M 70.26M 73.00M 78.29M 51.11M
Diluted EPS 0.59 0.55 0.54 0.61 0.41
Dividends Per Share 0.27 0.23 0.24 0.31 0.26
Total Assets 817.20M 835.60M 930.41M 897.55M 796.78M
Total liabilities 202.95M 187.06M 231.11M 220.82M 214.30M
Total equity 608.52M 642.40M 693.53M 671.31M 576.60M
Operating cash flow 42.38M 61.68M 68.70M 47.25M -2.15M

Valuation Measures

Nov 2022
Operating margin5.65%
Profit margin4.43%


  • 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. (6.7%)
  • Mitsubishi UFJ Financial Group, Inc. (3.2%)
  • Zojirushi Kyoei Business Association (3.1%)
  • Ichikawa International Scholarships Foundation (2.2%)
  • Nomura Asset Management Co., Ltd. (2.2%)

Contact Details

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