April 18, 2025 | |
Company Name: | House Foods Group Inc. |
Representative: | Hiroshi Urakami, President |
(Securities Code: 2810, TSE Prime Market) | |
Contact: | Eiki Miyake, General Manager, |
Public & Investors Relations Division | |
(Tel: +81-3-5211-6039) |
Notice of Establishment of a Subsidiary (Specified Subsidiary) in Indonesia
House Foods Group Inc. (headquartered in Higashiosaka-city, Osaka; Hiroshi Urakami, Representative Director & President; hereinafter "House Foods Group") hereby announces that it has resolved, at a meeting of the Board of Directors held on April 18, 2025, to establish PT. House Foods Indonesia(planned), a manufacturing subsidiary responsible for manufacturing Halal-certified curry roux products (for commercial and household use) in Indonesia, as described below. The Company also announces that PT. House Foods Indonesia will be a specified subsidiary of the Company with an amount of capital equivalent to no less than 10% of capital of the Company.
1. Aim of establishment of the new company
House Foods Group started the curry business in Indonesia in 2016, with the launch of Halal-certified curry products for commercial use. In addition, the Group launched curry-roux products for household use in 2024, seizing the opportunity of the rising popularity of Japanese-style curry in Indonesia's restaurant market and growth in demand for simple and convenient processed food driven by an increase in dual income and nuclear family households in cities. Through this, the Group has been moving forward with activities to further increase the popularity of Japanese-style curry in the Indonesian market.
To meet growing demand arising from this popularity in the future, the Group has now decided to establish this subsidiary and build a new manufacturing plant. The plant will manufacture curry roux products for household and commercial use and is expected to commence operation in 2027. The plant will use efficient, environmentally friendly manufacturing methods. The products will also be sold not only to the Indonesian market but more widely to the global Halal market.
The Group will consider further strengthening the manufacturing structure in line with the progress of promotion activities, aiming to create a business with net sales of 10 billion yen.
2. Outline of new company to be established
Name | PT. House Foods Indonesia (planned) |
Address | Kawasan Greenland International Industrial Center (GIIC) |
Kota Deltamas, Desa Pasirranj, Kecamatan Cikarang Pusat - 17531 | |
Representative | Takayuki Jochi |
Established | End of May 2025 (planned) |
Share capital | 340.8 billion Indonesian Rupiah (approx. 3.23 billion yen) |
(1 Indonesian Rupiah = 0.0095 yen) | |
Shareholding ratio | House Foods Group Inc. 99%, House Foods Corporation 1% |
Business description | Manufacturing of curry-roux products for household use and commercial use |
3. Entity relationship diagram after establishment of subsidiary
Manufacturing company | PT. House Foods Indonesia(planned) |
(Newly established) | |
Sales company | PT. Sasa House Foods | PT. House & Vox Indonesia |
Indonesia | ||
Household-use business in Indonesia | Commercial-use business in Indonesia | |
Export business |
4. Future outlook
The impact of the establishment of this subsidiary on the Company's consolidated business performance in the current fiscal year will be minimal.