6465
HOSHIZAKI CORPORATION
ホシザキ株式会社
Machinery
Hoshizaki Corporation researches, develops, manufactures, and sells commercial kitchen appliances and equipment in Japan, the United States, Europe, the rest of Asia. It offers ice making, commercial refrigeration and freezing, thawing, cleaning, hygiene management, cooking, bread making, drink service, food service, and freshness management equipment, as well as prefabricated warehouse; and other services, such as equipment and temperature control systems to the food service, retail, hospitality, food and beverages processing, healthcare, and agriculture and fishery industries. The company was formerly known as Hoshizaki Electric Co., Ltd. and changed its name to Hoshizaki Corporation in July 2016. Hoshizaki Corporation was incorporated in 1947 and is headquartered in Toyoake, Japan.
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Overview
Filings & Signals
Ownership
Financials
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Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥485.9B
¥445.5B
¥373.6B
¥321.3B
¥274.4B
Cost of Sales
¥304.4B
¥279.0B
¥237.5B
¥209.5B
¥174.7B
Gross Profit
¥181.4B
¥166.4B
¥136.1B
¥111.8B
¥99.7B
SG&A
¥129.5B
¥115.0B
¥92.5B
¥83.9B
¥74.8B
Operating Income
¥51.9B
¥51.5B
¥43.5B
¥27.9B
¥24.9B
Non-Operating Income
¥7.6B
¥8.9B
¥8.5B
¥11.1B
¥6.5B
Interest Income
¥3.8B
¥5.0B
¥4.8B
¥1.5B
¥394M
Non-Operating Expenses
¥3.2B
¥2.5B
¥1.7B
¥1.2B
¥275M
Interest Expense
¥1.7B
¥1.7B
¥80M
¥42M
¥42M
Ordinary Income
¥56.3B
¥57.8B
¥50.3B
¥37.8B
¥31.2B
Pre-tax Income
¥56.2B
¥55.3B
¥48.4B
¥34.6B
¥31.2B
Income Taxes
¥17.5B
¥17.6B
¥14.8B
¥9.7B
¥9.2B
Current Tax
¥16.0B
¥17.5B
¥15.7B
¥11.2B
¥10.2B
Deferred Tax
¥1.6B
¥146M
¥-889M
¥-1.4B
¥-937M
Net Income (owners)
¥38.1B
¥37.2B
¥32.8B
¥24.3B
¥21.7B
Minority Interest
¥579M
¥484M
¥712M
¥546M
¥322M
Comprehensive Income
¥46.7B
¥66.3B
¥50.6B
¥43.9B
¥28.1B
EBITDA
¥66.5B
¥62.6B
¥51.1B
¥34.1B
¥30.2B
Goodwill Amort. (J-GAAP)
¥3.1B
¥1.5B
¥676M
¥866M
¥421M
EPS
¥269.66
¥258.49
¥226.66
¥168.06
¥299.35
Shares Outstanding
141.6M
142.3M
144.9M
144.9M
72.4M
Shares Issued (total)
144.9M
144.9M
144.9M
144.9M
72.4M
Treasury Shares
3.3M
2.6M
0.0M
0.0M
0.0M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥575.6B
¥543.9B
¥465.4B
¥422.2B
¥378.5B
Current Assets
¥342.3B
¥390.3B
¥364.1B
¥328.2B
¥310.6B
Cash & Deposits
¥177.1B
¥239.0B
¥254.5B
¥226.1B
¥240.7B
Trade Receivables
¥76.7B
¥70.3B
¥52.0B
¥45.8B
—
Non-Current Assets
¥233.3B
¥153.6B
¥101.2B
¥94.0B
¥67.8B
PP&E
¥91.6B
¥80.5B
¥53.0B
¥47.9B
¥43.2B
Goodwill
¥76.4B
¥24.2B
¥9.4B
¥15.8B
¥623M
Intangible Assets
¥101.1B
¥40.1B
¥18.4B
¥17.8B
¥2.8B
Investment Securities
¥16.7B
¥11.3B
¥17.1B
¥15.3B
¥10.1B
Deferred Tax Assets
¥12.2B
¥10.3B
¥10.7B
¥11.0B
¥9.9B
Total Liabilities
¥161.7B
¥161.3B
¥132.4B
¥129.6B
¥118.6B
Current Liabilities
¥135.6B
¥128.6B
¥104.6B
¥103.0B
¥94.4B
Accounts Payable
¥36.3B
¥36.3B
¥30.3B
¥32.7B
¥26.1B
ST Debt
¥6.4B
—
—
—
—
Taxes Payable
¥5.8B
¥6.8B
¥6.0B
¥4.1B
¥6.5B
Non-Current Liabilities
¥26.1B
¥32.7B
¥27.8B
¥26.6B
¥24.2B
Pension Obligations
¥6.6B
¥18.5B
¥21.5B
¥21.6B
¥20.0B
Deferred Tax Liab.
¥13.3B
¥8.7B
—
—
—
Total Equity
¥413.9B
¥382.7B
¥332.9B
¥292.6B
¥259.9B
Capital Stock
¥8.1B
¥8.1B
¥8.1B
¥8.1B
¥8.1B
Capital Surplus
¥14.6B
¥14.7B
¥14.6B
¥14.6B
¥14.6B
Retained Earnings
¥317.9B
¥295.6B
¥274.8B
¥252.5B
¥240.0B
Treasury Stock
¥-18.5B
¥-14.5B
¥-8M
¥-8M
¥-6M
AOCI
¥70.6B
¥60.1B
¥31.0B
¥14.2B
¥-4.8B
Equity (owners)
¥322.0B
¥303.8B
¥297.5B
¥275.2B
¥262.6B
Minority Interests
¥21.3B
¥18.8B
¥4.4B
¥3.3B
¥2.0B
Total Interest-Bearing Debt ⓘ
¥6.4B
—
—
—
—
Net Cash ⓘ
¥170.7B
¥239.0B
¥254.5B
¥226.1B
¥240.7B
NCAV ⓘ
¥180.6B
¥229.0B
¥231.7B
¥198.6B
¥192.0B
NCAV/Share
¥1,275
¥1,610
¥1,599
¥1,371
¥2,651
BV/Share
¥2,274
¥2,136
¥2,053
¥1,900
¥3,625
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥30.5B
¥47.3B
¥37.7B
¥5.2B
¥27.3B
Interest Paid
¥-1.8B
¥-1.7B
¥-70M
¥-45M
¥-45M
Interest Received
¥3.9B
¥5.4B
¥4.3B
¥1.4B
¥652M
D&A
¥11.4B
¥9.6B
¥6.9B
¥5.3B
¥4.8B
Goodwill Amort.
¥3.1B
¥1.5B
¥676M
¥866M
¥421M
Investing CF
¥-75.9B
¥-37.4B
¥3.3B
¥1.9B
¥5.2B
CapEx
¥8.9B
¥9.5B
¥6.1B
¥5.2B
¥3.2B
Purchase Investments
—
—
¥-5.0B
¥-4.9B
¥-5.6B
Proceeds from Invest.
¥7.0B
¥6.9B
¥1.1B
¥4.3B
¥1.8B
Financing CF
¥-15.0B
¥-40.2B
¥-10.4B
¥-13.3B
¥-8.1B
Dividends Paid
¥-15.6B
¥-15.9B
¥-10.1B
¥-12.3B
¥-8.0B
Share Buybacks
¥-5.5B
¥-14.5B
—
—
—
LT Debt Repaid
¥-244M
¥-1.6B
—
¥-690M
—
Free Cash Flow
¥21.7B
¥37.8B
¥31.6B
¥14M
¥24.1B
Net Change in Cash
¥-58.4B
¥-14.9B
¥39.3B
¥5.1B
¥32.8B
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
10.1%
10.7%
10.6%
8.9%
8.7%
ROA
6.8%
7.4%
7.4%
6.1%
5.7%
EPS
¥269.66
¥258.49
¥226.66
¥168.06
¥299.35
DPS
¥115.00
¥105.00
¥95.00
¥100.00
¥110.00
BPS
¥2,772.73
¥2,558.12
¥2,267.49
¥1,997.27
¥3,559.85
FCF/Share
¥153
¥266
¥218
¥0
¥333
NCAV/Share
¥1,275
¥1,610
¥1,599
¥1,371
¥2,651
Payout Ratio
42.6%
40.6%
41.9%
59.5%
36.7%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 3
Date Activist Stake Event Flag Demands Source
2026-01-19
Nomura Securities Co.,Ltd.
4.44%
-0.74%
change
Passive
—
2025-09-03
Nomura Securities Co.,Ltd.
5.18%
initial_5pct
Passive
—
2024-08-07
First Eagle Investment Management, LLC
7.77%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 9
#
Shareholder
Shares (thou.)
% of Total
1
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
19,559,400
13.81%
2
坂本ドネイション・ファウンデイション株式会社
12,406,000
8.76%
3
公益財団法人ホシザキグリーン財団
12,140,000
8.57%
4
JPMorgan Chase Bank, N.A.
ジェーピー モルガン チェース バンク380055 (常任代理人 株式会社みずほ銀行決済営業部)
9,695,918
6.84%
5
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
6,338,400
4.47%
6
Employee Stock Ownership Plan
ホシザキグループ社員持株会
4,694,426
3.31%
7
一般財団法人ホシザキ新星財団
3,398,032
2.39%
8
State Street Bank and Trust Company
ステート ストリート バンク アンド トラスト カンパニー 505001 (常任代理人 株式会社みずほ銀行決済営業部)
2,853,741
2.01%
9
坂本 美由紀
2,271,080
1.60%
10
野村信託銀行株式会社(信託 2052229)
1,800,000
1.27%
Domestic Nominees
18.3%
-0.1% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
8.8%
-0.6% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
25.9%
+1.6% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
Japan Master Trust Bank
日本マスタートラスト信託銀行
12.79%
13.69%
13.81%
+0.12%
坂本ドネイション・ファウンデイション
8.56%
8.72%
8.76%
+0.04%
公益財団法人ホシザキグリーン財団
8.21%
8.36%
8.57%
+0.21%
JP Morgan
5.71%
6.31%
6.84%
+0.53%
Japan Custody Bank
日本カストディ銀行
4.66%
4.67%
4.47%
-0.20%
Employee Stock Ownership Plan
ホシザキグループ社員持株会
3.29%
3.20%
3.31%
+0.11%
一般財団法人ホシザキ新星財団
2.34%
2.38%
2.39%
+0.01%
State Street
1.29%
3.12%
2.01%
-1.11%
坂本 美由紀
1.56%
1.59%
1.60%
+0.01%
野村信託銀行株式会社(信託 2052229)
NEW ENTRY
—
—
—
1.27%
NEW
GOVERNMENT OF NORWAY
last seen 2023
Exited Top 10
2.48%
—
—
Concentration (HHI)
ⓘ
385
423
433
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥1,348M
+68% since 2023
Holdings
9
1 exited
Trend
2 building
vs 2023
Held Company
FY2025
¥1,348M total
FY2023
¥801M total
Book Val ¥M
Shares
Book Val ¥M
Shares
The Bank of Nagoya, Ltd.
(株)名古屋銀行
953
+200.0%
↑
219,000
397
73,000
M
KOMEDA Holdings Co., Ltd
(株)コメダホールディングス
143
47,400
130
47,400
DOUTOR NICHIRES Holdings.,Co Ltd.
(株)ドトール・日レスホールディングス
77
30,000
65
30,000
WATAMI CO.,LTD.
ワタミ(株)
77
80,000
82
80,000
YOSHINOYA HOLDINGS CO.,LTD.
(株)吉野家ホールディングス
26
+11.2%
↑
8,573
24
7,712
AEON KYUSHU CO., LTD.
イオン九州(株)
22
7,500
17
7,500
VIA Holdings,Inc.
(株)ヴィア・ホールディングス
21
200,000
35
200,000
CHIMNEY CO., LTD.
チムニー(株)
16
13,500
19
13,500
HACHI-BAN CO.,LTD.
(株)ハチバン
13
4,000
13
4,000
JB ELEVEN CO.,LTD.
(株)JBイレブン
—
−100%
Exit
—
19
24,000
Portfolio total
1,348
801
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding