House Foods Group (2810) Q4 2026 earnings summary

Executive summary

• FY2025 net sales rose 0.5% to ¥316,977 million, while operating profit fell 8.8% to ¥18,246 million amid higher costs and U.S. impairment losses.

• Profit attributable to owners fell 41.1% to ¥7,360 million; gains from Delica Chef and strategic equity sales partly offset the decline.

• Results trailed Eighth Medium-term Business Plan targets; priorities include Spice value-chain growth, ROIC-based management, organizational reform and capital efficiency.

• Second-half sales rose ¥2.9 billion to ¥163.4 billion and operating profit increased ¥1.6 billion to ¥12.4 billion.

Financial highlights

• FY2025 ordinary profit fell 8.7% to ¥19,526 million; EBITDA was ¥31.8 billion, down ¥2.1 billion year over year.

• Gross profit increased to ¥118,091 million from ¥115,910 million, while selling, general and administrative expenses rose to ¥99,845 million.

• Comprehensive income was ¥15,452 million, up 1.0%; year-end cash and cash equivalents were ¥94,803 million, up ¥6,446 million.

• Equity ratio was 67.0%, and net assets per share were ¥3,223.48.

Outlook and guidance

• Next-year forecast: net sales ¥322.5 billion, operating profit ¥18.5 billion, ordinary profit ¥19.7 billion and net income ¥17.0 billion; planned ROE is 6.0%.

• Net income forecast reflects an estimated ¥7.2 billion gain from planned sales of three listed investment securities.

• Profit-base rebuilding priorities include brand investment, price revisions, cost measures and U.S. soybean-business restructuring; sales and profit remain below original plan targets.

• Annual dividend is planned at ¥100 per share, with a progressive distribution policy targeting DOE of at least 3%.

• Middle East-related cost risk is excluded from guidance; worsening conditions could add ¥1.5–¥3.0 billion to procurement costs.