Zojirushi Mahobin Corporation (TSE: 7965), the Osaka-based maker of vacuum flasks, rice cookers and other kitchen and home appliances, reported a solid first half (interim period November 21, 2025–May 20, 2026) under Japanese GAAP. Consolidated revenue rose 2.2% year-on-year to ¥51.21 billion, operating profit gained 7.0% to ¥5.21 billion, ordinary profit advanced 8.5% to ¥5.49 billion and interim net profit attributable to owners increased 3.9% to ¥3.53 billion. Interim EPS was ¥55.66, up from ¥51.86.
Profit growth and a stronger balance sheet
Comprehensive income jumped 51.5% to ¥5.85 billion. Total assets stood at ¥119.46 billion and net assets at ¥92.05 billion, lifting the equity ratio to 76.3% from 75.0%.
Full-year guidance points to a softer second half
Despite the first-half gains, Zojirushi left full-year FY11/2026 guidance unchanged at revenue of ¥92.50 billion (+1.5%) but operating profit of ¥6.60 billion (−11.2%), ordinary profit of ¥7.10 billion (−14.5%) and net profit of ¥4.80 billion (−19.7%), implying EPS of ¥74.82. The cautious outlook signals expected second-half headwinds that management expects to outweigh the strong start to the year.
Dividend
The interim dividend was set at ¥23.00 per share (versus ¥30.00 a year earlier), with a ¥23.00 year-end dividend forecast for a full-year payout of ¥46.00, down from ¥82.00 in FY11/2025.
| Metric | H1 FY11/26 | H1 FY11/25 | YoY |
|---|---|---|---|
| Revenue (¥bn) | 51.21 | 50.13 | +2.2% |
| Operating profit (¥bn) | 5.21 | 4.87 | +7.0% |
| Ordinary profit (¥bn) | 5.49 | 5.06 | +8.5% |
| Interim net profit (¥bn) | 3.53 | 3.40 | +3.9% |
| EPS (¥) | 55.66 | 51.86 | +7.3% |
| Equity ratio | 76.3% | 75.0% | +1.3pp |
| FY11/26 OP guidance (¥bn) | 6.60 | 7.43 | −11.2% |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.