May 11, 2026
Consolidated Financial Results (Japanese Accounting Standards) for the Fiscal Year Ended March 31, 2026Company 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.)
Consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (April 1, 2025 – March 31, 2026)
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
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
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
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
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)
Changes in accounting policies and changes or restatement of accounting estimates
Changes in accounting policies caused by revision of accounting standards: None
Changes in accounting policies other than (i): None
Changes in accounting estimates: None
Restatement: None
Number of shares outstanding (common shares):
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
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
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
Analysis of Operating Results and Financial Position 2
Analysis of Operating Results 2
Analysis of Financial Position 4
Analysis of Cash Flows 4
Future Outlook 6
Basic Policy on the Payment of Dividends and Dividends for the Fiscal Year under Review and Next Fiscal Year 7
Basic Concept concerning the Selection of Accounting Standards 7
Consolidated Financial Statements and Key Notes 8
Consolidated Balance Sheets 8
Consolidated Statements of Income and Comprehensive Income 10
Consolidated Statements of Changes in Equity 12
Consolidated Statements of Cash Flows 14
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
Supplementary Information 25
Business Results 25
Number of Group Companies 26
Consolidated Statements of Income 27
Consolidated Balance Sheets. 32
Consolidated Statements of Cash Flows 32
Capital Investment 33
Depreciation 33
Major Management Indicators, etc. 33
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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