Overview
Machinery

HOSHIZAKI CORPORATION

Hoshizaki Corporation is a leading manufacturer of professional foodservice equipment, offering a comprehensive product lineup including ice machines, refrigerators/freezers, dishwashers, steam convection ovens, beverage dispensers, and vacuum packaging equipment targeted at the commercial kitchen market. The company operates an integrated business model encompassing R&D, manufacturing, sales, and after-sales maintenance services, with particular strength in Japan through a dense regional sales and service network of 15 regional subsidiaries. Globally, Hoshizaki competes through localized development and manufacturing hubs across the Americas, Europe, and Asia, supported by brands such as Lancer (beverage dispensers), Jackson WWS (dishwashers), Brema (ice machines in Europe), and Oztiryakiler (foodservice equipment in Turkey).

Market Cap
¥751B
US$4.79B
EV
¥598B
US$3.81B
Stock¥5,429▲+0.02%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
9.0
x
LTM EV/EBIT
10.6
x
LTM PER
19.5
x
LTM PBR
1.9
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-24.9%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Jun 17, 26Board approved share buyback
MC → EV Bridge
751BUS$4.79BMarket Cap11.1BUS$71.0M+ Debt169BUS$1.08B− Cash16.7BUS$107M− Inv. Sec.21.9BUS$140M+ NCI598BUS$3.81BEV
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Performance & Balance
Revenue 5Y (¥B)
274US$1.75B'21/12321US$2.05B'22/12374US$2.38B'23/12445US$2.84B'24/12486US$3.10B'25/12
EBITDA 5Y (¥B)
29.7US$190M'21/1233.8US$216M'22/1250.4US$321M'23/1261.1US$390M'24/1263.4US$404M'25/12
Net Income 5Y (¥B)
21.7US$138M'21/1224.3US$155M'22/1232.8US$209M'23/1237.2US$237M'24/1238.1US$243M'25/12
Capital Structure
97%
EquityD/E 0.03xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
251US$1.60B'21/12241US$1.54B1.40US$8.94M'22/12272US$1.73B2.74US$17.5M'23/12250US$1.60B9.05US$57.7M'24/12194US$1.24B10.8US$68.8M'25/12
Shareholders
Top 10 hold 53.5%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
13.06%
2
Sakamoto Donation Foundation Co., Ltd.
8.97%
3
Hoshizaki Green Foundation (Public Interest Incorporated Foundation)
8.77%
4
JPMorgan Chase Bank 380055 (Standing Proxy: Mizuho Bank, Ltd., Settlement & Clearing Services Department)
7.32%
5
Custody Bank of Japan, Ltd. (Trust Account)
4.68%
6
HOSHIZAKI CORPORATION Employee Stock Ownership Association
3.35%
7
Hoshizaki Shinsei Foundation (General Incorporated Foundation)
2.45%
8
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
1.98%
9
Miyuki SAKAMOTO
1.64%
10
Nomura Trust and Banking Co., Ltd. (Trust Account 2052229)
1.30%
Management
11 officers
Seishi SAKAMOTO
Director and Chairman
Mar 1959: Joined the Company Feb 1960: Director of the Company Jun 1965: Senior Managing Director of the Company Apr 1987: Representative Director, President, Hoshizaki Kogyo Co., Ltd. (now Nestor Co., Ltd.) Jul 1988: Director of the Company Jul 2000: Director of the Company (retired) Feb 2002: Director of the Company Nov 2002: Director and Chairman, Nestor Co., Ltd. Feb 2003: Director, Adviser of the Company Jan 2005: Representative Director, Adviser of the Company Jan 2005: Representative Director, Sakamoto Shoji Co., Ltd. (now Hoshizaki Corporation) Jan 2005: Representative Director, Hoshizaki Kaden Co., Ltd. (now Hoshizaki Corporation) Jan 2005: Representative Director, Hoshizaki Hokkaido Co., Ltd. Jan 2005: Representative Director, Hoshizaki Tohoku Co., Ltd. Jan 2005: Representative Director, Hoshizaki Hokushinetsu Co., Ltd. Jan 2005: Representative Director, Hoshizaki Tokai Co., Ltd. Feb 2005: Representative Director, President of the Company Feb 2005: Managing Director, Hoshizaki Europe Limited Feb 2005: Managing Director, Hoshizaki Singapore Pte Ltd Feb 2005: Managing Director, Hoshizaki Europe Holdings B.V. Feb 2005: Chairman, Hoshizaki Reinetsu Kikai (Shanghai) Co., Ltd. Jan 2006: Chairman, Hoshizaki Denki (Suzhou) Co., Ltd. Jan 2006: Representative Director, Hoshizaki Shonan Co., Ltd. Mar 2011: Representative Director, Chairman of the Company Jun 2014: Representative Director, Chairman and President of the Company Mar 2017: Representative Director, Chairman of the Company Jun 2019: Director and Chairman of the Company (current)
1937-02-07
Yasuhiro KOBAYASHI
Representative Director, President
Sep 2008: Resigned from Alpen Co., Ltd. Sep 2008: Joined the Company Oct 2008: General Manager, Business Planning Office of the Company Jan 2010: General Manager, Accounting Department of the Company Mar 2012: Director of the Company Mar 2012: In charge of Accounting and General Affairs Departments; concurrently General Manager, Accounting Department Jan 2015: In charge of Accounting, Human Resources and General Affairs Departments; concurrently General Manager, Accounting Department Mar 2015: In charge of Accounting and Group Management Departments; concurrently General Manager, Accounting Department Jan 2016: In charge of Group Management Department, IR and Business Planning Mar 2017: Representative Director, President of the Company (current) Jan 2023: Representative Director, President, Hoshizaki Sales Co., Ltd. (current)
1966-08-02
Shiro NISHIGUCHI
Director, Senior Managing Executive Officer; in charge of Overseas Business
Apr 2008: Officer, Matsushita Electric Industrial Co., Ltd. (now Panasonic Holdings Corporation) Jun 2015: Representative Director, Vice President, Sumitomo Mitsui Trust Panasonic Finance Co., Ltd. Jun 2022: Adviser, Sumitomo Mitsui Trust Panasonic Finance Co., Ltd. Jan 2023: Adviser of the Company Mar 2023: Retired as Adviser, Sumitomo Mitsui Trust Panasonic Finance Co., Ltd. Mar 2023: Director of the Company (current) Mar 2023: Senior Managing Executive Officer of the Company (current) Mar 2023: In charge of Overseas Business of the Company (current) Oct 2023: Chairman, Hoshizaki (China) Investment Co., Ltd. (current) Dec 2024: Managing Director, Hoshizaki Europe Holdings B.V. (current) Jan 2025: Chairman, Hoshizaki Shangchu Zhizao (Suzhou) Co., Ltd.
1957-01-06
Ryuichiro SEKI
Director, Managing Executive Officer; in charge of Accounting Department and Overseas Group Management Department
Nov 2021: Resigned from Mitsui & Co., Ltd. Dec 2021: Joined the Company Mar 2022: Executive Officer of the Company Mar 2022: In charge of Accounting Department (current) Mar 2025: Director of the Company (current) Mar 2025: Managing Executive Officer of the Company (current) Mar 2025: In charge of Overseas Group Management Department (current)
1964-09-14
Shunichi TANSHIMA
Director, Managing Executive Officer; overall supervision of Development and Technology Division, in charge of Manufacturing Division
Apr 1992: Joined the Company May 2014: General Manager, No. 2 Manufacturing Department, Head Plant Apr 2017: General Manager, Production Control Department, Shimane Plant Jan 2019: General Manager, Cost Planning Department, Head Plant Jan 2021: General Manager, Design Promotion Department, Central Research Laboratory Jan 2023: General Manager, Business Planning Department of the Company Mar 2024: Executive Officer of the Company Mar 2024: In charge of Business Planning Department Mar 2025: Director of the Company (current) Mar 2025: Managing Executive Officer of the Company (current) Mar 2025: Overall supervision of Development and Technology Division, in charge of Manufacturing Division (current)
1969-10-02
Takashi AKITA
Director, Managing Executive Officer; in charge of Domestic Sales Division
Sep 1993: Resigned from Ishii Shoji Co., Ltd. Sep 1993: Joined Hoshizaki Shikoku Co., Ltd. Dec 2018: Representative Director, President, Hoshizaki Tokai Co., Ltd. Jul 2019: Executive Officer of the Company Dec 2019: Representative Director, President, Hoshizaki Hanshin Co., Ltd. Jan 2023: Managing Executive Officer, Hoshizaki Sales Co., Ltd. Mar 2025: Director, Hoshizaki Sales Co., Ltd. (current) Mar 2025: Senior Managing Executive Officer, Hoshizaki Sales Co., Ltd. Jan 2026: Vice President Executive Officer, Hoshizaki Sales Co., Ltd. (current) Jan 2026: Managing Executive Officer of the Company (current) Jan 2026: In charge of Domestic Sales Division of the Company (current) Mar 2026: Director of the Company (current)
1967-03-13
Tadashi MIZUTANI
Director (Full-time Audit and Supervisory Committee Member)
Dec 2016: Resigned from Sumitomo Mitsui Trust Bank, Limited Jan 2017: Joined the Company Jan 2017: General Manager, General Affairs Department of the Company Mar 2019: Director of the Company; in charge of General Affairs and Group Management Departments; concurrently General Manager, General Affairs Department Mar 2020: Retired as Director; Executive Officer of the Company, in charge of General Affairs Department; concurrently General Manager, General Affairs Department Feb 2021: Executive Officer of the Company, in charge of General Affairs Department Mar 2022: Director (Full-time Audit and Supervisory Committee Member) of the Company (current)
1965-05-01
Rie TSUGE
Outside Director (Audit and Supervisory Committee Member)
Apr 1995: Registered as Certified Public Accountant Dec 1998: Resigned from Tohmatsu Audit Corporation (now Deloitte Touche Tohmatsu LLC) Jan 1999: Head, Tsuge Certified Public Accountant Office (current) Sep 2001: Registered as Certified Tax Accountant Jun 2007: Representative Director, La Vida Planning Co., Ltd. (current) Jun 2015: Outside Director, Aisan Industry Co., Ltd. (current) Mar 2017: Outside Director (Audit and Supervisory Committee Member), the Company (current) Oct 2021: Outside Director (Audit and Supervisory Committee Member), Juroku Financial Group, Inc. (current) Jun 2025: Outside Director, Nippon Kucho Service Co., Ltd. (current)
1968-03-09
Yoshimi HORINISHI
Outside Director (Audit and Supervisory Committee Member)
Apr 2000: Registered as attorney-at-law Apr 2000: Joined Nagoya Bar Association Apr 2007: Joined Asahikawa Bar Association; rejoined Aichi Bar Association (formerly Nagoya Bar Association) Nov 2009: Head, Horinishi Management Law Office (current) Oct 2014: Civil Mediation Officer, Nagoya Summary Court Jun 2016: Member, Nagoya City Construction Dispute Mediation Committee Jun 2016: Outside Director (Audit Committee Member), Menicon Co., Ltd. (current) Jun 2020: Outside Director (Chair, Remuneration Committee), Menicon Co., Ltd. (current) Mar 2024: Outside Director (Audit and Supervisory Committee Member) of the Company (current) Jun 2025: Outside Director, Okuma Corporation (current)
1968-01-31
Masanao TOMOZOE
Outside Director
Jun 2005: Managing Officer, Toyota Motor Corporation Apr 2011: Senior Managing Officer, Toyota Motor Corporation Apr 2011: Executive Vice President, Toyota Motor North America, Inc. Jun 2012: Representative Director, President, Toyota Motor Sales & Marketing Co., Ltd. Jun 2015: Representative Director, President, Central Japan International Airport Co., Ltd. Jun 2019: Outside Audit & Supervisory Board Member, Daihatsu Motor Co., Ltd. Jun 2019: Outside Audit & Supervisory Board Member, Toyota Industries Corporation (current) Jun 2019: Outside Director, Noritake Company, Limited (now Noritake Co., Ltd.) Sep 2020: Outside Director of the Company (current) Outside Director, Sasatoku Insatsu Co., Ltd. (current)
1954-03-25
Masahiko GOTO
Outside Director
May 1984: Director and General Manager, General Planning Office, Makita Corporation Jul 1987: Managing Director and General Manager, Administration Division, Makita Corporation May 1989: Representative Director, President, Makita Corporation Jun 2013: Representative Director, Chairman, Makita Corporation Mar 2022: Outside Director of the Company (current) Jun 2024: Honorary Chairman, Makita Corporation (current)
1946-11-16
Large Shareholding Reports
First Eagle Investment Management, LLC
2026-07-21
7.77%→8.80%
Nomura Asset Management Co., Ltd.
2026-01-19
4.02%→4.12%
Nomura Asset Management Co., Ltd.
2025-09-03
4.02%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-08-07
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-08-06
Q2 Earnings Flash
FY ending Dec 2026
EDINET
2026-07-21
Large Shareholding Report
EDINET
2026-06-16
Securities Registration Statement
TDnet
2026-05-15
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-25
Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINET
2026-01-19
Large Shareholding Report
TDnet
2025-11-07
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-09-03
Large Shareholding Report
EDINET
2025-08-08
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-13
Q1 Earnings Flash
FY ending Dec 2025
EDINETAmended
2025-03-26
Amended Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2025-03-26
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-09
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-15
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-27
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-12
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-29
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-03-23
Annual Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-10
Quarterly Securities Report
EDINET
2021-05-14
Quarterly Securities Report
EDINET
2021-03-25
Annual Securities Report
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