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Producer Manufacturing


Business Summary

HOSHIZAKI Corp. engages in the research and development, manufacture, sale, and maintenance of food service equipment. It operates through the following geographical segments: Japan, the United States of America, Europe and Asia regions. Its products include the ice makers, cooking electrolyzers, meal service carts, cold saltwater systems, frozen and high humidity refrigerators, and tea servers. The company was founded on February 5, 1947 and is headquartered in Toyoake, Japan.

Financial Highlights

Dec 2021 JPYUSD
Gross Profit99,692M907.33M
Operating income24,932M226.91M
Income before tax31,231M284.24M
Net income21,680M197.31M
Diluted EPS149.661.36
Dividends Per Share550.50
Total Assets378,469M3,286.60M
Total liabilities118,605M1,029.95M
Total equity257,827M2,238.95M
Operating cash flow27,343M248.85M
Currency in JPYCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 282,215M 292,774M 290,136M 238,314M 274,419M
Gross Profit 108,366M 110,550M 109,465M 89,053M 99,692M
Operating income 36,067M 36,447M 32,666M 18,448M 24,932M
Income before tax 35,302M 36,090M 34,263M 17,288M 31,231M
Net income 23,144M 25,718M 24,438M 11,443M 21,680M
EBITDA 41,944M 42,441M 37,819M 23,918M 30,162M
Diluted EPS 159.80 177.56 168.71 78.99 149.66
Dividends Per Share 35 40 55 55 55
Total Assets 316,637M 334,879M 351,887M 343,393M 378,469M
Total liabilities 109,735M 111,365M 109,847M 103,680M 118,605M
Total equity 204,968M 222,238M 240,532M 238,143M 257,827M
Operating cash flow 34,877M 30,203M 30,455M 20,734M 27,343M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 2,516.77M 2,650.91M 2,661.53M 2,232.06M 2,497.59M
Gross Profit 966.40M 1,000.97M 1,004.16M 834.07M 907.33M
Operating income 321.64M 330.00M 299.65M 172.78M 226.91M
Income before tax 314.82M 326.77M 314.30M 161.92M 284.24M
Net income 206.39M 232.86M 224.17M 107.17M 197.31M
EBITDA 374.05M 384.28M 346.92M 224.01M 274.51M
Diluted EPS 1.42 1.60 1.54 0.73 1.36
Dividends Per Share 0.31 0.36 0.50 0.51 0.50
Total Assets 2,810.80M 3,052.26M 3,237.97M 3,326.00M 3,286.60M
Total liabilities 974.12M 1,015.03M 1,010.78M 1,004.21M 1,029.95M
Total equity 1,819.51M 2,025.59M 2,213.31M 2,306.58M 2,238.95M
Operating cash flow 311.03M 273.47M 279.37M 194.19M 248.85M

Valuation Measures

Dec 2021
Operating margin9.08%
Profit margin7.90%

Key executives

  • President & Representative Director: Yasuhiro Kobayashi
  • Director, Head-Technology & Development: Yasutsugu Ieda
  • Manager-Technology Planning & Chuo Research: Makoto Sasaki
  • Executive Officer & Head-Legal Affairs: Osamu Goto
  • Director & Head-Administration: Kyo Yaguchi


  • Hoshizaki Green Foundation (8.0%)
  • First Eagle Investment Management LLC (6.5%)
  • T. Rowe Price Japan, Inc. (3.4%)
  • Hoshizaki Electric Employee Stock Ownership Plan (3.3%)
  • Nomura Asset Management Co., Ltd. (2.7%)
  • Hoshizaki Shinsei Foundation (2.3%)
  • T. Rowe Price International Ltd. (Japan) (1.9%)
  • The Vanguard Group, Inc. (1.9%)

Contact Details

Related Companies

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  • Hoshizaki Restricted Stock Compensation Plan
  • Hoshizaki Malaysia Sdn. Bhd.
  • Polar Seal (M) Sdn. Bhd.
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  • Hoshizaki Korea Co., Ltd.
  • PT Hoshizaki Indonesia
  • Hoshizaki Taiwan, Inc.
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  • Jackson WWS, Inc.
  • Hoshizaki (China) Holdings Co. Ltd.
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  • Hoshizaki Singapore Pte Ltd.
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  • Hoshizaki Kitakanto Co., Ltd.
  • Hoshizaki Hanshin Co., Ltd.
  • Hoshizaki Okinawa KK


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Last Updated on 4 Oct, 2022

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