Worth reading
68In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
-41.1
Year-on-year change (%) in net income attributable to owners of the parentWording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025 to 31 March 2026ConsolidatedJapanese GAAPNet Sales316,977¥ millionYear on year +0.5%Progress 98.3%
Operating profit18,246¥ millionYear on year -8.8%Progress 98.6%
Ordinary income19,526¥ millionYear on year -8.7%Progress 99.1%
Net income attributable to owners of the parent7,360¥ millionYear on year -41.1%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥79.72
Operating Margin5.8%
Financial position at period-end
Total assets437,275¥ million
of which net assets 322,715 ¥ millionEquity ratio 67.0%vs. prior year-end -0.3pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Cash inflows and outflows
Operating+24,474
Investment+325
Financials-19,365
Net change+5,434
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥94,803 million
Segment revenueSpices and seasonings processed foods business ¥132,149 million, Health Food Business ¥16,854 million, Overseas Food Business ¥63,404 million, Food-Service Business ¥65,507 million, Other food-related businesses ¥50,063 million
Segment profitSpices and seasonings processed foods business ¥12,838 million, Health Food Business ¥1,527 million, Overseas Food Business ¥3,361 million, Food-Service Business ¥3,388 million, Other food-related businesses ¥905 million
Regional sales¥235,477 million, ¥25,102 million, ¥15,841 million, ¥36,202 million, ¥4,354 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥322,500 million (YoY +1.7%)
Operating profit¥18,500 million (YoY +1.4%)
Ordinary income¥19,700 million (YoY +0.9%)
Profit attributable to owners of the parent¥17,000 million (YoY +131.0%)
Annual Dividend Forecast¥70 per share → ¥100 per share
Payout ratioCurrent fiscal year 87.8% / Next-year forecast 51.0%
Shareholder Return PolicyMaintain total payout ratio of at least 40% and annual dividends of at least ¥46 per share. Under the Eighth Medium-Term Plan, the Company aims for a total payout ratio of at least 50% and, from the fiscal year ending March 2027, plans in principle to implement progressive dividends, using a dividend-on-equity (DOE) ratio of at least 3% as a guideline.
Factors Behind Changes in Business Performance
Revenue increased, but operating income and ordinary income declined due to the impact of higher business costs. While the Company recorded gains on the transfer of a business and the sale of cross-shareholdings, net income declined due to impairment losses related to the U.S. business.
Disclosure regarding the going concern assumption
Not applicable.
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Number of companies 1 / Company name House Foods Indonesia / Excluded Number of companies 1 / Company name 株式会社デリカシェフ
Material subsequent eventsAt a meeting of the Board of Directors held on 11 May 2026, the Company resolved to acquire up to 12,000,000 shares of treasury stock for up to ¥26 billion between 12 May 2026 and 23 April 2027, and to cancel all shares acquired upon completion of the acquisition. The Company also resolved to cancel 6,400,000 shares of treasury stock on 29 May 2026.
Impairment loss¥8,322 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥1,993 million, Gain on sale of investment securities ¥4,726 million, Gain on sale of shares in an affiliated company ¥633 million, Gain on sale of stores ¥48 million, Gain on revision of retirement benefit plans ¥72 million, Other ¥51 million / Extraordinary loss Loss on sale of fixed assets ¥12 million, Loss on Disposal of Fixed Assets ¥793 million, Impairment Loss on Investment Securities ¥215 million, Impairment loss on membership rights ¥8 million, Impairment Losses ¥8,322 million, Other ¥35 million
Depreciation and amortization¥13,195 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for analysts and institutional investors)
Issued Shares at Period-End98,498,416
Treasury Shares at Period-End7,661,927
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025 to 31 March 2026 |
| Net Sales | ¥316,977 million (YoY +0.5%) |
| Operating profit | ¥18,246 million (YoY -8.8%) |
| Ordinary income | ¥19,526 million (YoY -8.7%) |
| Profit attributable to owners of the parent | ¥7,360 million (YoY -41.1%) |
| Net income per share | ¥79.72 |
| Operating Margin | 5.8% |
| Equity ratio | End of the current fiscal period 67.0% / End of previous period 67.3% |
| Total assets | ¥437,275 million |
| Net assets | ¥322,715 million |
| Cash flows from operating activities | ¥24,474 million |
| Cash flows from investing activities | ¥325 million |
| Cash flows from financing activities | ¥-19,365 million |
| Cash and cash equivalents at end of period | ¥94,803 million |
| Full-year earnings forecast | Net Sales ¥322,500 million (YoY +1.7%) / Operating profit ¥18,500 million (YoY +1.4%) / Ordinary income ¥19,700 million (YoY +0.9%) / Profit attributable to owners of the parent ¥17,000 million (YoY +131.0%) |
| Annual Dividend Forecast | ¥70 per share → ¥100 per share |
| Payout ratio | Current fiscal year 87.8% / Next-year forecast 51.0% |
| Shareholder Return Policy | Maintain total payout ratio of at least 40% and annual dividends of at least ¥46 per share. Under the Eighth Medium-Term Plan, the Company aims for a total payout ratio of at least 50% and, from the fiscal year ending March 2027, plans in principle to implement progressive dividends, using a dividend-on-equity (DOE) ratio of at least 3% as a guideline. |
| Segment revenue | Spices and seasonings processed foods business ¥132,149 million, Health Food Business ¥16,854 million, Overseas Food Business ¥63,404 million, Food-Service Business ¥65,507 million, Other food-related businesses ¥50,063 million |
| Segment profit | Spices and seasonings processed foods business ¥12,838 million, Health Food Business ¥1,527 million, Overseas Food Business ¥3,361 million, Food-Service Business ¥3,388 million, Other food-related businesses ¥905 million |
| Regional sales | ¥235,477 million, ¥25,102 million, ¥15,841 million, ¥36,202 million, ¥4,354 million |
| Depreciation and amortization | ¥13,195 million |
| Impairment loss | ¥8,322 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥1,993 million, Gain on sale of investment securities ¥4,726 million, Gain on sale of shares in an affiliated company ¥633 million, Gain on sale of stores ¥48 million, Gain on revision of retirement benefit plans ¥72 million, Other ¥51 million / Extraordinary loss Loss on sale of fixed assets ¥12 million, Loss on Disposal of Fixed Assets ¥793 million, Impairment Loss on Investment Securities ¥215 million, Impairment loss on membership rights ¥8 million, Impairment Losses ¥8,322 million, Other ¥35 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New Number of companies 1 / Company name House Foods Indonesia / Excluded Number of companies 1 / Company name 株式会社デリカシェフ |
| Material subsequent events | At a meeting of the Board of Directors held on 11 May 2026, the Company resolved to acquire up to 12,000,000 shares of treasury stock for up to ¥26 billion between 12 May 2026 and 23 April 2027, and to cancel all shares acquired upon completion of the acquisition. The Company also resolved to cancel 6,400,000 shares of treasury stock on 29 May 2026. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for analysts and institutional investors) |
| Issued Shares at Period-End | 98,498,416 |
| Treasury Shares at Period-End | 7,661,927 |
| Factors Behind Changes in Business Performance | Revenue increased, but operating income and ordinary income declined due to the impact of higher business costs. While the Company recorded gains on the transfer of a business and the sale of cross-shareholdings, net income declined due to impairment losses related to the U.S. business. |
Items this document does not state (2)
Revision to Earnings ForecastOrders received and order backlog
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Operating income and ordinary income declined due to the impact of higher business costs. Although the Company recorded gains on the transfer of the Delica Chef business and gains on the sale of cross-shareholdings, net income attributable to owners of the parent declined due to impairment losses related to the U.S. business, mainly goodwill and customer-related assets of Keystone Natural Holdings, recorded in the fourth quarter.
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