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I would like to express my sincerest gratitude to all our stakeholders for their continued support.
The House Foods Group launched the Eighth Medium-term Business Plan (the “Plan”) in April 2024. For the three Value Chains (“VC”) of Spice VC, Functional Ingredients VC and Soybean VC, efforts are being made to build each into a global value chain regardless of national boundary. In particular, House Foods Group and House Foods are working together, focusing on the enhancement of the management framework of global Spice VC.
Looking at the consolidated results, both sales and income increased on operating profit-basis in the fiscal year ended March 31, 2025, the first year of the Plan, thanks to the contribution from successful initiatives designed to gain greater market acceptance of price revisions implemented in the previous fiscal year and cost cutting by the Spice / Seasoning / Processed Food Business operated mainly by House Foods and House Gaban. This propelled the overall improvement in the performance of the Group, despite a significant rise in business costs due to continued surges in raw material prices from the previous fiscal year and the further weakening of the yen. Meanwhile, profit attributable to owners of parent decreased, mainly due to the posting of an impairment loss from goodwill caused by the sluggish results of the US-based Keystone Natural Holdings, LLC, a business company dealing in PBF (Plant Based Food) which joined the Group in September 2022, and the absence of the gain on revision of the retirement benefit plan posted in the previous fiscal year.
In the fiscal year ending March 31, 2026, we expect rises in raw material prices and other business costs from the levels of the previous fiscal year.
The House Foods Group will implement price revisions for some of its products and services, respond to changing customer needs, and work to improve profitability by optimizing the supply chain and strengthening cost management.
We hope that our shareholders will continue to extend their support and encouragement to the House Foods Group in the future.
House Foods Group Inc.
Representative Director and President
Hiroshi Urakami