HOSHIZAKI Corp Reports Strong Financial Performance

HOSHIZAKI Corp ( (HSHIF) ) has released its Q4 earnings. Here is a breakdown of the information HOSHIZAKI Corp presented to its investors.

HOSHIZAKI Corporation is a Japanese company listed on the Tokyo and Nagoya Stock Exchanges, specializing in the manufacturing and distribution of kitchen and food service equipment. With its innovative approach, the company remains a key player in the food service industry.

The latest earnings report for the year ended December 31, 2024, indicates a robust financial performance for HOSHIZAKI Corporation. The company experienced a notable increase in net sales, operating profit, and profit attributable to owners of the parent compared to the previous year, showcasing a strong financial standing.

Key financial highlights include a 19.3% increase in net sales to ¥445,495 million, and a 18.3% rise in operating profit to ¥51,479 million. Ordinary profit also saw a significant boost, climbing 14.9% to ¥57,823 million, while profit attributable to owners of parent increased by 13.2% to ¥37,170 million. The company also improved its comprehensive income by 31.0% to ¥66,319 million. Moreover, the company declared a total annual dividend of ¥105 per share for 2024, up from ¥95 in 2023, reflecting its commitment to returning value to shareholders.

The company’s financial position remains strong, with an equity ratio of 66.9% as of December 31, 2024. However, cash flows from operating activities increased to ¥47,344 million, and cash and cash equivalents at the end of the period stood at ¥214,391 million. Despite a decrease in net assets per share, HOSHIZAKI continues to show resilience in its overall financial strategy.

Looking forward, HOSHIZAKI Corporation forecasts moderate growth for the fiscal year ending December 31, 2025, with projected increases in net sales and profits. The management remains optimistic about the company’s future, focusing on strategic investments and market expansion to drive further growth.