- Hoshizaki’s operating income for the 2nd quarter is 15.06 billion yen, showing a 23% increase year-over-year and exceeding estimates of 13.28 billion yen.
- Net income for the same period is 11.10 billion yen, a rise of 7.9% year-over-year, surpassing the expected 9.79 billion yen.
- Net sales reach 120.37 billion yen, up 7.7% from the previous year, beating the projection of 109.33 billion yen.
- For the full year forecast, Hoshizaki maintains its expectation of operating income at 53.50 billion yen, slightly below the estimate of 54.25 billion yen.
- The company anticipates a net income of 38.30 billion yen for the year, compared to the estimate of 39.1 billion yen.
- Hoshizaki projects net sales of 460.00 billion yen, under the estimate of 468.36 billion yen.
- The expected dividend for the year remains at 105.00 yen, lower than the forecasted 111.70 yen.
- Investment sentiment towards Hoshizaki is positive, with 11 buy recommendations, 2 holds, and no sell ratings.
Hoshizaki Corporation on Smartkarma
Analysts on Smartkarma, like Brian Freitas, are closely monitoring Hoshizaki Corporation (6465 JP) as the company faces the possibility of being removed from a global index in August. According to Brian Freitas, Hoshizaki has been underperforming compared to its peers recently, leading to concerns about its potential deletion. The stock’s price decline over the last three months and its lower market capitalization are key reasons behind this scrutiny. The increased short interest and positioning observed over the past few months further highlight the risks associated with Hoshizaki’s current situation.
In his report titled “Hoshizaki Corp (6465 JP): Close Global Index Deletion in August,” Brian Freitas points out that an early cutoff in the review period might temporarily spare the stock from deletion in August but poses the risk of removal in November. Investors are advised to stay alert to these developments and consider the implications of Hoshizaki’s performance on their portfolios.
A look at Hoshizaki Corporation Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Hoshizaki Corporation shows a positive long-term outlook. With strong scores in Growth and Resilience, the company is positioned for future success and steady performance. Hoshizaki’s focus on expanding its product offerings and maintaining resilience in the face of market challenges bodes well for its sustainability and growth prospects.
Hoshizaki Corporation, known for manufacturing commercial kitchen equipment, including freezers and refrigerators, has a solid foundation for continued success as indicated by the Smart Scores. With a global presence through sales subsidiaries in Japan and overseas, the company is poised to leverage its established market position and enhance shareholder value over the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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