A Stable Japan Business and Integration of Overseas Subsidiaries Will Raise Hoshizaki's Margin
Our fair value estimate for Hoshizaki is JPY 11,100 per share, which implies a forward P/E of 33 times, enterprise value/EBITDA of 15 times, and a...
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Hoshizaki (6465) Time to Let This Go ?
This is a great business. It dominates the domestic market for commercial use refrigerators (44% shares), dishwashers (44% shares) and ice machines...
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Companies that Are Chronic Cash Hoarders....
It is not just a Japan issue, a lot of US companies also hoard cash. Apple Inc (AAPL US) for instance has $67bn sitting on the balance sheet. I do...
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Initiating Coverage of Hoshizaki With JPY 11,500 FVE and Wide Moat Rating
From nationwide dining chains to Michelin restaurants, Hoshizaki’s penguin logo enjoys high levels of recognition in Japan’s dining industry. As...
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Most Popular and Unpopular Japanese Sectors over Last 2 Weeks....
We have decided to split our coverage of Analyst Upgrades and Downgrades into Japan only and Asia -ex Japan. We track changes in recommendations...
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