Hoshizaki reports strong nine-month growth, strategic acquisitions fuel expansion

Hoshizaki Corporation reported robust consolidated financial results for the nine months ended September 30, 2025, with net sales rising 10.3% year-on-year to 365,425 million yen. Operating profit increased by 8.7% to 46,294 million yen, and ordinary profit grew 4.1% to 49,126 million yen. Profit attributable to owners of parent saw a substantial 10.8% increase, reaching 33,664 million yen. Earnings per share for the period stood at 238.02 yen.

The company's financial position also strengthened, with total assets increasing by 11,255 million yen from December 31, 2024, to 558,894 million yen as of September 30, 2025. This rise was primarily attributed to an increase in goodwill resulting from new acquisitions. Equity ratio remained strong at 66.0%, with net assets per share at 2,610.08 yen.

During the third quarter, Hoshizaki expanded its consolidation scope by including Structural Concepts Corporation, SC Holding Corp., and SC Real Estate Holdings, LLC, which resulted in a goodwill increase of 53,973 million yen. These acquisitions are expected to broaden Hoshizaki's product lineup and customer base in the U.S. market, creating significant synergies.