Hoshizaki Corp

6465: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Hoshizaki Earnings: Hyperinflation Eased in Turkey, Suggesting the Start of Margin Recovery in Europe

Kangyuxiao Li

May 14, 2025

Hoshizaki's March-quarter sales were JPY 118 billion, up 11.1% year on year. Operating margin was 13.1%, compared with 14.1% in the previous March quarter. Management has maintained its fiscal 2025 (ending December 2025) guidance of sales growth at 3.3% and operating margin at 11.6%.

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Hoshizaki Corp

Hoshizaki Earnings: Hyperinflation Eased in Turkey, Suggesting the Start of Margin Recovery in Europe

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