Hoshizaki (6465) Q2 2026 earnings summary

Executive summary

• Net sales for the six months ended June 30, 2026, reached ¥273,646 million, up 14.7% year-over-year, driven by improved profit margins in Japan and Asia and strong overseas performance, including contributions from recent acquisitions.

• Adjusted operating income rose 16.1% to ¥39,330 million, with margin improving to 14.4%.

• Profit attributable to owners of parent was ¥22,297 million, a 1.6% increase year-over-year.

• Overseas sales ratio increased to 55.2%, reflecting robust international demand and successful integration of acquired businesses.

Financial highlights

• Consolidated sales rose to ¥273,646 million (+14.7% YoY), with adjusted operating income at ¥39,330 million (+16.1% YoY).

• Ordinary income increased to ¥34,053 million (+6.9% YoY), and profit attributable to owners of parent reached ¥22,297 million (+1.6% YoY).

• Gross profit margin slightly decreased to 37.7% from 38.2% YoY.

• Comprehensive income surged to ¥32,737 million, a 668.4% increase year-over-year.

• Earnings per share for the six months was ¥159.04, compared to ¥155.17 in the prior year.

Outlook and guidance

• Full-year net sales forecast is ¥520,000 million (+7.0% YoY), with adjusted operating income projected at ¥68,200 million (+11.6% YoY).

• Operating profit is projected at ¥55,600 million, up 7.1%.

• Profit attributable to owners of parent is forecast at ¥38,200 million, with EPS of ¥274.20.

• Overseas sales expected to grow 9.6% YoY, with a sales ratio of 54.6%.

• Higher labor costs and price competition anticipated, but productivity and cost structure improvements are expected to support profit growth.