Hoshizaki sees strong 9-month growth, makes executive and acquisition moves

Hoshizaki Corporation announced consolidated financial results for the nine months ended September 30, 2025, with net sales reaching 365,425 million yen, an increase of 10.3% year-on-year. Operating profit rose 8.7% to 46,294 million yen, and profit attributable to owners of parent increased 10.8% to 33,664 million yen. The company’s full-year forecast for 2025 projects net sales of 460,000 million yen and profit attributable to owners of parent of 38,300 million yen.

Strategic changes include the acquisition of Structural Concepts Corporation, SC Holding Corp., and SC Real Estate Holdings, LLC, effective July 31, 2025. These acquisitions, aimed at expanding product lines and customer reach in the US, resulted in a goodwill increase of 53,973 million yen. Hoshizaki also announced changes in executive leadership, including new director appointments and an executive officer structure, effective January 1, 2026, and manager changes from November 16, 2025.