House Foods Group Inc.TSE: 2810

Consolidated Financial Results(Japanese Accounting Standards) for the Fiscal Year Ended March 31, 2026

· Issued by House Foods Group Inc.

May 11, 2026

Consolidated Financial Results (Japanese Accounting Standards) for the Fiscal Year Ended March 31, 2026

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 of ordinary shareholders’ meeting: June 24, 2026 Scheduled date of commencement of dividend payment: June 25, 2026 Scheduled date for filing of annual securities report: June 22, 2026 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 Fiscal Year Ended March 31, 2026 (April 1, 2025 – March 31, 2026)

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

      Net sales

      Operating profit

      Ordinary profit

      Profit attributable to owners of parent

      Year ended March 31, 2026 Year ended

      March 31, 2025

      Million yen

      %

      Million yen

      %

      Million yen

      %

      Million yen

      %

      316,977

      315,418

      0.5

      5.3

      18,246

      20,004

      (8.8)

      2.7

      19,526

      21,388

      (8.7)

      1.4

      7,360

      12,493

      (41.1)

      (28.9)

      (Note) Comprehensive income: Year ended March 31, 2026 15,452 million yen (1.0%)

      Year ended March 31, 2025 15,292 million yen (-46.0%)

      Profit per share

      Profit per share (diluted)

      ROE

      (Return on equity)

      Ratio of ordinary profit to total assets

      Ratio of operating profit to net sales

      Year ended March 31, 2026

      Year ended March 31, 2025

      Yen

      79.72

      131.86

      Yen

      -

      -

      %

      2.5

      4.3

      %

      4.5

      4.9

      %

      5.8

      6.3

      (Reference) Share of profit (loss) of entities accounted for using equity method:

      Year ended March 31, 2026 246 million yen

      Year ended March 31, 2025 183 million yen

    2. Consolidated Financial Position

    Total assets

    Net assets

    Equity ratio

    Net assets per

    share

    Million yen

    Million yen

    %

    Yen

    Year ended

    March 31, 2026

    437,275

    322,715

    67.0

    3,223.48

    Year ended

    March 31, 2025

    435,074

    322,878

    67.3

    3,113.86

    (Reference) Shareholders’ equity:

    Year ended March 31, 2026

    292,809 million yen

    (3) Consolidated Cash Flows

    Year ended March 31, 2025

    292,823 million yen

    Cash flows from operating activities

    Cash flows from investing activities

    Cash flows from financing activities

    Cash and cash equivalents at end of period

    Year ended March 31, 2026 Year ended

    March 31, 2025

    Million yen

    24,474

    26,568

    Million yen

    325

    (12,281)

    Million yen

    (19,365)

    (9,060)

    Million yen

    94,803

    88,357

  2. Dividends

    Dividend per share

    Total dividends (annual)

    Payout ratio (consolidated)

    Ratio of dividends to net assets (consolidated)

    End of first quarter

    End of

    second quarter

    End of third quarter

    Year-end

    Total

    Year ended March 31,

    2025

    Year ended March 31,

    2026

    Yen

    -

    -

    Yen

    24.00

    24.00

    Yen

    -

    -

    Yen

    24.00

    46.00

    Yen

    48.00

    70.00

    Million yen

    4,543

    6,428

    %

    36.4

    87.8

    %

    1.6

    2.2

    Year ending March 31,

    2027

    (forecast)

    -

    50.00

    -

    50.00

    100.00

    51.0

  3. Consolidated Forecasts for the Fiscal Year Ending March 31, 2027 (April 1, 2026 – March 31, 2027)

(Percentages show year-on-year changes.)

Net sales

Operating

profit

Ordinary profit

Profit attributable to owners of parent

Profit per share

Full year

Million yen

322,500

%

1.7

Million yen

18,500

1.4

%

Million yen

19,700

%

0.9

Million yen %

17,000 131.0

Yen

195.97

* Notes

  1. Significant changes in the scope of consolidation during the period: Yes New 1 company (Company name: PT. House Foods Indonesia), Excluded 1 company (Company name: Delica Chef Corporation)

  2. 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

  3. Number of shares outstanding (common shares):

    1. Number of shares outstanding at end of period (including treasury shares) Year ended March 31, 2026 98,498,416 shares

      Year ended March 31, 2025 98,498,416 shares

    2. Number of treasury shares at end of period

      Year ended March 31, 2026 7,661,927 shares

      Year ended March 31, 2025 4,459,697 shares

    3. Average number of shares outstanding during the term Year ended March 31, 2026 92,325,760shares

Year ended March 31, 2025 94,748,674 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 (343,700 shares in the fiscal year ended March 31, 2026, 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 (457,017shares during the fiscal year ended March 31, 2026, 449,517 shares during the fiscal year ended March 31, 2025).

(Reference) Summary of Non-Consolidated Financial Results

1. Non-Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (April 1, 2025 – March 31, 2026)

1) Non-Consolidated Financial Results (Percentages show year-on-year changes.)

Net sales

Operating profit

Ordinary profit

Profit

Year ended March 31, 2026 Year ended

March 31, 2025

Million yen

%

Million yen

%

Million yen

%

Million yen

%

19,342

19,213

0.7

16.4

4,413

4,790

(7.9)

52.8

4,797

5,046

(4.9)

31.2

12,803

9,044

41.6

63.5

Profit per share

Profit per share (diluted)

Yen

Yen

Year ended

March 31, 2026

138.67

-

Year ended

March 31, 2025

95.45

-

(2) Non-Consolidated Financial Position

Total assets

Net assets

Equity ratio

Net assets per

share

Million yen

Million yen

%

Yen

Year ended

March 31, 2026

237,379

186,394

78.5

2,051.98

Year ended

March 31, 2025

232,214

184,729

79.6

1,964.39

(Reference) Shareholders’ equity: Year ended March 31, 2026 186,394 million yen

Year ended March 31, 2025 184,729 million yen

  • These consolidated financial results are not included in the scope of audits by certified public accountants or the audit corporation.

  • 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, (4) Future Outlook” on page 6 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. Analysis of Cash Flows 4

    4. Future Outlook 6

    5. Basic Policy on the Payment of Dividends and Dividends for the Fiscal Year under Review and Next Fiscal Year 7

  2. Basic Concept concerning the Selection of Accounting Standards 7

  3. Consolidated Financial Statements and Key Notes 8

    1. Consolidated Balance Sheets 8

    2. Consolidated Statements of Income and Comprehensive Income 10

    3. Consolidated Statements of Changes in Equity 12

    4. Consolidated Statements of Cash Flows 14

    5. Notes to Consolidated Financial Statements 16

      Notes Relating to Assumptions for the Going Concern 16

      Notes to Additional Information 16

      Business Combination, etc 17

      Notes to Segment Information 19

      Notes to Per Share Information 23

      Note to Significant Events after the Reporting Period 24

  4. Supplementary Information 25

    1. Business Results 25

    2. Number of Group Companies 26

    3. Consolidated Statements of Income 27

    4. Consolidated Balance Sheets. 32

    5. Consolidated Statements of Cash Flows 32

    6. Capital Investment 33

    7. Depreciation 33

    8. Major Management Indicators, etc. 33

    9. Reference Information 34

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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 the three VC businesses of spices, soybeans, and functional materials, 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 fiscal year under review, the second year of our Eighth Medium-Term Business Plan, the business 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.

In this environment, the Group steadily implemented initiatives in line with the themes of the Medium-term Business Plan, including aggressive investments in growth areas, the transfer of some functions from the Company to House Foods Corporation to establish an optimal VC management structure, and a review of business operations to concentrate management resources on three VC groups. In response to rising business costs, we revised the prices of some products and services during the fiscal year under review and focused on stimulating demand in line with changes in customer consumption behavior.

As a result, net sales increased, but operating profit and ordinary profit decreased due to the impact of higher business costs. Profit attributable to owners of parent decreased due to impairment losses related to the U.S. business, mainly goodwill and customer-related intangible assets of Keystone Natural Holdings, LLC recorded in the fourth quarter of the current fiscal year, while the Group recorded a gain on sale of businesses of Delica Chef Corporation and a gain on sale of strategic equity holdings

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

Year ended March 31, 2026

Amount (million yen)

Year-on-year change (%)

Net sales

316,977

100.5

Operating profit

18,246

91.2

Ordinary profit

19,526

91.3

Profit attributable to owners of parent

7,360

58.9

As a result, the management indicators regarded as important by the Company are as follows.

Year ended March 31, 2025

Year ended March 31, 2026

ROIC (Return on Invested Capital)

4.5%

4.1%

ATO (Asset Turnover)

0.73 times

0.73 times

ROS (Return on sales)

6.3%

5.8%

ROA (Return on assets)

4.6%

4.2%

ROE (Return on equity)

4.3%

2.5%

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

Segment

Net sales

Consolidated operating profit (Segment profit (loss))

Amount (million yen)

Year-on-year change (%)

Amount (million yen)

Year-on-year change (%)

Spice / Seasoning / Processed Food Business

132,149

100.6

12,838

100.2

Health Food Business

16,854

98.9

1,527

62.6

International Food Business

63,404

101.6

3,361

110.4

Restaurant Business

65,507

107.4

3,388

94.0

Other Food Related Business

50,063

92.0

905

73.3

Subtotal

327,977

100.5

22,020

95.2

Adjustment (elimination)

(10,999)

-

(3,774)

-

Total

316,977

100.5

18,246

91.2

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

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Company analysis