Consolidated Financial Results (Japanese Accounting Standards)for the Six Months Ended September 30, 2025 (Q2 FY2025)

November 6, 2025

Consolidated Financial Results (Japanese Accounting Standards) for the Six Months Ended September 30, 2025 (Q2 FY2025)

Company name: House Foods Group Inc. Stock exchange listing: Tokyo Stock Exchange Stock code: 2810

URL: https://housefoods-group.com

Representative: Hiroshi Urakami, President

Contact: Eiki Miyake, General Manager, Public & Investors Relations Division Tel. +81-3-5211-6039

Scheduled date for filing of securities report: November 14, 2025 Scheduled date of commencement of dividend payment: December 2, 2025 Supplementary documents for financial results: Yes

Financial results briefing: Yes (for analysts and institutional investors)

(Amounts of less than one million yen are rounded to the nearest million yen.)

1. Consolidated Financial Results for the Six Months Ended September 30, 2025 (April 1, 2025 – September 30, 2025)

   1. Consolidated Results of Operations (Accumulated Total) (Percentages show year-on-year changes.)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      Six months ended	Million yen	%	Million yen	%	Million yen	%	Million yen	%
      September 30, 2025	153,602	(0.9)	5,868	(36.6)	6,448	(33.1)	5,601	1.6
      September 30, 2024	154,964	8.5	9,257	14.8	9,638	9.9	5,510	(49.1)

      (Note) Comprehensive income: 3,028 million yen (-76.7%) for the six months ended September 30, 2025

      13,012 million yen (-25.1%) for the six months ended September 30, 2024

      	Profit per share	(basic)	Profit per share	(diluted)
      Six months ended		Yen		Yen
      September 30, 2025	60.02		-
      September 30, 2024	57.69		-

      (Note) The provisional accounting method pertaining to business combinations was determined on March 31, 2025. The values for the six months ended September 30, 2025 reflect the content of the determined provisional accounting method.

   2. Consolidated Financial Position

   	Total assets	Net assets	Equity ratio	Net assets per share
   As of September 30, 2025 March 31, 2025	Million yen 424,060 435,074	Million yen 318,364 322,878	% 68.2 67.3	Yen 3,123.07 3,113.86

   (Reference) Shareholders’ equity: As of September 30, 2025: 289,208 million yen

   As of March 31, 2025: 292,823 million yen

2. Dividends

   	Dividend per share
   	End of first quarter	End of second quarter	End of third quarter	Year-end	Annual
   Year ended March 31, 2025 Year ending March 31, 2026	Yen - -	Yen 24.00 24.00	Yen -	Yen 24.00	Yen 48.00
   Year ending March 31, 2026 (forecast)			-	24.00	48.00

   (Note) Revisions to dividend forecasts published most recently: None

3. Consolidated Forecasts for the Fiscal Year Ending March 31, 2026 (April 1, 2025 – March 31, 2026)

(Percentage figures represent the changes from the previous year)

(Note) Revisions to financial forecasts published most recently: Yes

For details, please refer to “1. Analysis of Operating Results and Financial Position, (3) Information on the Future Outlook, Including Consolidated Business Results Forecasts” on page 4 of the accompanying materials.

* Notes

1. Major changes in the scope of consolidation during the period: Yes

   New 1 company (Company name: PT. House Foods Indonesia), Excluded - company (Company name)

2. Application of particular accounts procedures to the preparation of semi-annual consolidated financial statements: Yes

3. Changes in accounting policies and changes or restatement of accounting estimates

   1. Changes in accounting policies caused by revision of accounting standards: None

   2. Changes in accounting policies other than (i): None

   3. Changes in accounting estimates: None

   4. Restatement: None

4. Number of shares outstanding (common shares):

   1. Number of shares outstanding at end of period (including treasury shares) As of September 30, 2025: 98,498,416 shares

      As of Mar. 31, 2025: 98,498,416 shares

   2. Number of treasury shares at end of period

      As of September 30, 2025: 5,894,845 shares

      As of Mar. 31, 2025: 4,459,697 shares

   3. Average number of shares outstanding during the term

Six months ended September 30, 2025: 93,317,277 shares

Six months ended September 30, 2024: 95,511,435 shares

(Note) Number of treasury shares at end of period includes shares in the Company held by the House Foods Group Employee Shareholding Association Trust (467,100 shares in the six months ended September 30, 2025, 598,700 shares in the fiscal year ended March 31, 2025). In addition, treasury shares deducted when calculating the average number of shares outstanding during the term include the Company shares held by the trust (521,267 shares during the six months ended September 30, 2025, 247,400 shares during the six months ended September 30, 2024).

• Semi-annual consolidated financial results are not subject to a review by certified public accountants or audit corporations.

• Explanations and other special notes concerning the appropriate use of business results forecasts

• The forward-looking statements such as result forecasts included in this document are based on the information available to the Company at the time of the announcement and on certain assumptions considered reasonable, and the Company makes no representations as to their achievability. Actual results may differ materially from the forecast depending on a range of factors.

• For other matters relating to the forecasts, please refer to “1. Analysis of Operating Results and Financial Position, (3) Information on the Future Outlook, Including Consolidated Business Results Forecasts” on page 4 of the accompanying materials.

Accompanying Materials – Contents

1. Analysis of Operating Results and Financial Position 2

   1. Analysis of Operating Results 2

   2. Analysis of Financial Position 4

   3. Information on the Future Outlook, Including Consolidated Business Results Forecasts 4

2. Semi-annual Consolidated Financial Statements and Key Notes 6

   1. Semi-annual Consolidated Balance Sheets 6

   2. Semi-annual Consolidated Statements of Income and Comprehensive Income 8

   3. Semi-annual Consolidated Statements of Cash Flows 10

   4. Notes to Semi-annual Consolidated Financial Statements 12

      Notes Relating to Application of Particular Accounts Procedures to the Preparation of Semi-annual Consolidated Financial Statements 12

      Notes to Segment Information 12

      Notes for Case Where Shareholders’ Equity underwent Significant Changes in Value 13

      Notes Relating to Assumptions for the Going Concern 13

      Additional Information 13

3. Supplementary Information 16

   1. Business Results 16

   2. Number of Group Companies 16

   3. Consolidated Statements of Income 17

   4. Consolidated Balance Sheets 21

   5. Consolidated Statements of Cash Flows 21

   6. Capital Investment 22

   7. Depreciation 22

   8. Major Management Indicators, etc 22

   9. Reference Information 23

1. Analysis of Operating Results and Financial Position(1) Analysis of Operating ResultsThe Group is pursuing its eighth medium-term business plan under the theme of “Striving to become a high quality company that provides “Healthy Life Through Foods” Growth through the establishment of a global value chain (VC).” In our mid-term business plan, we are building a global VC structure to lay the foundation for further growth in the future, and at the same time, we are taking steps to increase corporate value from a back-casting perspective, including the introduction of ROIC (return on invested capital) for management that is conscious of the cost of capital.

During the six months ended September 30, 2025, the market environment both in Japan and overseas has become increasingly severe chiefly due to the effects of interest rate and exchange rate fluctuations caused by the economic policies of various countries, as well as rising business costs in Japan, especially for raw materials, and consumers’ increasing thriftiness due to the progression of inflation.

Net sales of the Group decreased in the six months ended September 30, 2025 due to the ongoing recovery of demand after the price revision and changes in the consumption environment, despite our efforts to revise prices of some products and services and to stimulate demand. Operating profit decreased due to the impact of higher business costs, mainly in raw materials, and ordinary profit also decreased. On the other hand, profit attributable to owners of parent increased due to the sale of cross-shareholdings.

The Group finalized the provisional accounting treatment for business combinations in the fiscal year ended March 31, 2025, and amounts for the six months ended September 30, 2024 used for comparison and analysis reflect adjustment associated with the finalization of provisional accounting treatment due to business combinations.

As a result, the Group’s operating results were as shown below.

The following is an overview of results by segment (before the elimination of inter-segment transactions).

(Note) 1. Adjustment (elimination) comprises profit or loss not distributed to segments and the elimination of inter-segment transactions.

Spice / Seasoning / Processed Food Business

Since May, this business segment has revised the prices of its main products to absorb rising business costs. In the Household Use Business, the Company is aggressively implementing sales measures to achieve an early recovery in demand, but sales declined during the six months under review as the business is still recovering from the temporary decline in sales volume following the price revisions. The Food Service Business posted an increase in sales due to the success of channel-specific sales measures. As a result, overall business sales declined. Profits decreased due to the still limited effect of price revisions on rising business costs and marketing costs incurred to establish the new prices.

As a result of the above, sales in the Spice/Seasoning/Processed Food Business stood at 61,748 million yen, down 2.4% year on year, and operating profit was 2,999 million yen, down 44.3% year on year. As a result, the ratio of operating profit to net sales was 4.9%, declining 3.7 percentage point from the same period of the previous fiscal year.

Health Food Business

Net sales decreased due to a decline in sales of Ichinichibun No Vitamin Jelly in an increasingly competitive environment, while C1000, for which the Company focused on expanding sales during periods of demand, performed well. Profits decreased due to the impact of lower sales and soaring raw material prices.

As a result of the above, sales in the Health Food Business declined 0.7% year on year, to 8,660 million yen, and operating profit decreased 31.9%, to 945 million yen. As a result, the ratio of operating profit to net sales was 10.9%, declining 5.0 percentage point from the same period of the previous fiscal year.

International Food Business Period covered by the consolidated financial statements: Mainly from January to June 2025

In the U.S. soybean business, both sales and profits declined due to stagnant sales caused by increasing thrifty consumers in the U.S. and the impact of lost sales opportunities caused by temporary production troubles in the first quarter of the fiscal year under review.

In the Chinese curry business, both sales and profits increased in the Household Use Business due to efforts to optimize distribution inventories in the same period of the previous year, as well as a shift to a delivery-type sales strategy, which led to strong sales. In the Food Service Business, both sales and profits increased as a result of focusing on new customer development. As a result of the above, the Chinese curry business as a whole achieved an increase in both sales and profit. Southeast Asia functional drink business posted declines in both sales and profits due to a drop in the overall beverage market in Thailand caused by unseasonable weather and struggling sales in the traditional trade, but both sales and profits in yen terms were on par with the same period of the previous year.

As a result of the above, sales in the International Food Business decreased 0.7% year on year, to 30,545 million yen, and operating profit decreased 14.7%, to 1,448 million yen. As a result, the ratio of operating profit to net sales was 4.7%, declining 0.8 percentage point from the same period of the previous fiscal year.

Restaurant Business Periods covered by the consolidated financial statements: From March to August 2025 for Ichibanya Co., Ltd. and from January to June 2025 for domestic and overseas subsidiaries

Net sales increased due to contributions from the domestic business promoted by Ichibanya Co., Ltd. including price revisions in August last year and sales of limited-time-only menus, as well as business expansion at domestic subsidiaries. Profits increased due to higher sales, which more than offset higher headquarters expenses and other costs.

As a result of the above, sales in the Restaurant Business increased 8.2% year on year, to 32,004 million yen, and operating profit increased 7.5% year on year, to 1,861 million yen. As a result, the ratio of operating profit to net sales was 5.8%, the same level as the same period last year.