← Back

House Foods Group Inc.

House Foods Group Inc. manufactures, sells, imports, and exports spices, seasonings, and processed foods in Japan and internationally. It operates through segments including Spice/Seasoning/Processed Food, Health Food, Overseas Food, Restaurant, and Other Food Related businesses. The company offers a range of products such as curry roux, retort foods, soy products, plant-based alternatives, and health beverages, and also operates restaurants and provides transport, warehouse, and food safety analysis services. Formerly known as House Foods Corp, it changed its name to House Foods Group Inc. in 2013, was founded in 1913, and is based in Tokyo, Japan.

Country
Price · split & dividend adjusted
News & notes moving 2810.JP
2810.JP

House Foods to Sell Ichibanya, Nihon Gas Announces Stock Split and Dividend Increase

On August 31, the Nikkei average on the Tokyo stock market fell, dropping more than 1,500 points at one point due to hawkish comments from the U.S., but it showed signs of recovering. Among the stocks in focus, House Foods Group announced that it is considering selling its subsidiary Ichibanya, and Ichibanya shares surged on expectations of a takeover premium. Additionally, Nifco announced a share buyback of up to 8.3 million shares, equivalent to 8.88% of its total issued shares, for up to 40 billion yen, and its stock price rose. Nihon Gas announced a 1-for-3 stock split and an increase in its year-end dividend, attracting investor interest.
ダイヤモンド・ザイ·18dRead more →
2810.JP5

House Foods Considers Selling CoCo Ichibanya, Shares Jump 16%

House Foods Group, the owner of Japan's largest curry chain CoCo Ichibanya, is considering selling the business, including the option of taking the company private, causing shares of Ichibanya Co. to surge 16% in trading on the Tokyo Stock Exchange. House Foods holds a 51% stake in Ichibanya, which had a market value of approximately 174.2 billion yen, or about $1.1 billion, as of Monday. Both companies confirmed a Nikkei report and stated they are considering various options, including going private. Analyst Tsutomu Yamada of Mitsubishi UFJ eSmart Securities said that a change in major shareholders could be a good opportunity for growth and expects the stock price could rise another 30% if the sale materializes. CoCo Ichibanya has nearly 1,500 stores both in Japan and overseas, including the U.S., the U.K., and India.
Money & Banking·18dRead more →
2810.JP

House Foods Group cuts full-year operating profit forecast to 17.5 billion yen, citing higher raw material costs due to Middle East situation

House Foods Group has revised its consolidated operating profit forecast for the fiscal year ending March 2027 downward to 17.5 billion yen, a 4.1 percent decline from the previous year, compared with the earlier projection of 18.5 billion yen. The company expects cost increases of 2.4 billion yen this fiscal year due to the impact of the Middle East situation, but plans to absorb 1.4 billion yen through price revisions and efficiency improvements. The operating profit forecast for its core spices and seasoning processed foods business has been lowered from 12.4 billion yen to 11.4 billion yen. Given the uncertain outlook for the Middle East situation, the current forecast does not factor in an additional procurement cost increase of around 1.5 billion to 3 billion yen. First-quarter net profit came to 5.136 billion yen, 2.8 times the year-earlier figure, mainly due to a 3.5 billion yen gain on the sale of policy-held shares booked as extraordinary income.
Reuters·46dRead more →