House Foods Group (2810) Q1 2025 earnings summary

Executive summary

• Net sales rose 6.1% year-over-year to ¥74,733 million, with operating profit up 13.5% to ¥5,578 million and ordinary profit up 9.1% to ¥5,730 million.

• Profit attributable to owners of parent declined 55.4% year-over-year to ¥3,556 million due to a one-time gain in the prior year.

• Strong performances in International Food and Restaurant segments drove sales growth, while profit growth was led by Spice/Seasoning/Processed Food and Health Food segments.

Financial highlights

• Gross profit increased to ¥28,277 million from ¥25,866 million year-over-year.

• Operating margin improved to 7.5% from 7.0% year-over-year.

• Comprehensive income fell 35.9% year-over-year to ¥6,839 million.

• Equity ratio rose to 69.3% from 67.7% at the end of the previous fiscal year.

• Net assets per share increased to ¥3,055.99.

Outlook and guidance

• Full-year forecast remains unchanged: net sales of ¥320,000 million (+6.8%), operating profit of ¥21,000 million (+7.9%), and profit attributable to owners of parent of ¥13,300 million (-24.3%).

• Dividend forecast for FY2024 is ¥48.00 per share.