Hoshizaki Corp

6465: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Hoshizaki Earnings: Americas Margin Fears Overdone After Record Sales; Fair Value Up by 6%

Kangyuxiao Li , Jonathan Pong

May 19, 2026

Hoshizaki marked record-high March-quarter sales of JPY 135 billion, with all overseas regions growing by double digits and group operating margin at 12.6%. Shares fell 6% on the next trading day.

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Hoshizaki Corp

Hoshizaki Earnings: Americas Margin Fears Overdone After Record Sales; Fair Value Up by 6%

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