Interim report
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August 4, 2026 Consolidated Financial Results (Japanese Accounting Standards) for the Three Months Ended June 30, 2026 (Q1 FY2026) Company name: House Foods Group Inc. Stock exchange listing: Tokyo Stock Exchange Stock code: 2810 URL: https://housefoods-group.com Representative: Hiroshi Urakami, President Contact: Eiki Miyake, General Manager, Public & Investors Relations Division Tel. +81-3-5211-6039 Scheduled date of commencement of dividend payment: – Supplementary documents for financial results: Yes Financial results briefing: None (Amounts of less than one million yen are rounded to the nearest million yen.) 1. Consolidated Financial Results for the Three Months Ended June 30, 2026 (April 1, 2026 – June 30, 2026) (1) Consolidated Results of Operations (Accumulated Total) (Percentages show year-on-year changes.) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Three months ended Million yen % Million yen % Million yen % Million yen % June 30, 2026 75,139 (0.7) 4,001 17.1 4,494 22.6 5,136 185.3 June 30, 2025 75,699 1.3 3,418 (38.6) 3,666 (36.0) 1,801 (49.4) (Note) Comprehensive income: 3,825 million yen (250.9%) for the three months ended June 30, 2026 1,090 million yen (-84.1%) for the three months ended June 30, 2025 Profit per share (basic) Profit per share (diluted) Three months ended Yen Yen June 30, 2026 56.98 – June 30, 2025 19.20 – (2) Consolidated Financial Position Total assets Net assets Equity ratio Net assets per share As of Million yen Million yen % Yen June 30, 2026 424,363 317,707 67.9 3,211.74 March 31, 2026 437,275 322,715 67.0 3,223.48 (Reference) Shareholders’ equity: As of June 30, 2026: 288,023 million yen As of March 31, 2026: 292,809 million yen 2. Dividends Dividend per share End of first quarter End of second quarter End of third quarter Year-end Total Yen Yen Yen Yen Yen Year ended March 31, 2026 – 24.00 – 46.00 70.00 Year ending March 31, 2027 – Year ending March 31, 2027 (forecast) 50.00 – 50.00 100.00 (Note) Revisions to dividend forecasts published most recently: None 3. Consolidated Forecasts for the Fiscal Year Ending March 31, 2027 (April 1, 2026 – March 31, 2027) (Percentage figures represent the changes from the previous year) Net sales Operating profit Ordinary profit Profit attributable to owners of parent Profit per share Million yen % Million yen % Million yen % Million yen % Yen Full year 322,500 1.7 17,500 (4.1) 18,700 (4.2) 17,000 131.0 195.97 (Note) Revisions to financial forecasts published most recently: Yes
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* Notes (1) Major changes in the scope of consolidation during the period: None (2) Application of particular accounts procedures to the preparation of quarterly consolidated financial statements: Yes (3) Changes in accounting policies and changes or restatement of accounting estimates (i) Changes in accounting policies caused by revision of accounting standards: None (ii) Changes in accounting policies other than (i): None (iii) Changes in accounting estimates: None (iv) Restatement: None (4) Number of shares outstanding (common shares): (i) Number of shares outstanding at end of period (including treasury shares) As of June 30, 2026: 92,098,416 shares As of March 31, 2026: 98,498,416 shares (ii) Number of treasury shares at end of period As of June 30, 2026: 2,420,314 shares As of March 31, 2026: 7,661,927 shares (iii) Average number of shares outstanding during the term Three months ended June 30, 2026: 90,139,450 shares Three months ended June 30, 2025: 93,766,997 shares (Note) Number of treasury shares at end of period includes shares in the Company held by the House Foods Group Employee Shareholding Association Trust (281,600 shares in the three months ended June 30, 2026, 343,700 shares in the fiscal year ended March 31, 2026). In addition, treasury shares deducted when calculating the average number of shares outstanding during the term include the Company shares held by the trust (311,100 shares during the three months ended June 30, 2026, 561,933 shares during the three months ended June 30, 2025). * Review of the accompanying quarterly consolidated financial statements by certified public accountants or audit corporations: None * Explanations and other special notes concerning the appropriate use of business results forecasts - The forward-looking statements such as result forecasts included in this document are based on the information available to the Company at the time of the announcement and on certain assumptions considered reasonable, and the Company makes no representations as to their achievability. Actual results may differ materially from the forecast depending on a range of factors. - For other matters relating to the forecasts, please refer to “1. Analysis of Operating Results and Financial Position, (3) In formation on the Future Outlook, Including Consolidated Business Results Forecasts” on page 5 of the accompanying materials.
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- 1 - Accompanying Materials – Contents 1. Analysis of Operating Results and Financial Position .............................................................................................. 2 (1) Analysis of Operating Results ........................................................................................................................ 2 (2) Analysis of Financial Position ........................................................................................................................ 4 (3) Information on the Future Outlook, Including Consolidated Business Results Forecasts .............................. 5 2. Quarterly Consolidated Financial Statements and Key Notes .................................................................................. 6 (1) Quarterly Consolidated Balance Sheets ......................................................................................................... 6 (2) Quarterly Consolidated Statements of Income and Comprehensive Income ................................................. 8 (3) Notes to Quarterly Consolidated Financial Statements ................................................................................ 10 Notes Relating to Application of Particular Accounts Procedures to the Preparation of Quarterly Consolidated Financial Statements .............................................................................................. 10 Notes to Segment Information ..................................................................................................................... 10 Notes for Case Where Shareholders’ Equity underwent Significant Changes in Value .............................. 12 Notes Relating to Assumptions for the Going Concern ............................................................................... 12 Notes Relating to Quarterly Consolidated Statements of Cash Flows ......................................................... 12 3. Supplementary Information .................................................................................................................................... 13 (1) Business Results ........................................................................................................................................... 13 (2) Number of Group Companies ...................................................................................................................... 14 (3) Consolidated Statements of Income ............................................................................................................. 15 (4) Consolidated Balance Sheets........................................................................................................................ 20 (5) Capital Investment ....................................................................................................................................... 21 (6) Depreciation ................................................................................................................................................. 21 (7) Major Management Indicators, etc. .............................................................................................................. 21 (8) Reference Information.................................................................................................................................. 22
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- 2 - 1. Analysis of Operating Results and Financial Position (1) Analysis of Operating Results As of the end of the second year of our Group’s Eighth Medium -term Business Plan (fiscal years ending March 2025 through March 2027), growth in sales and profit and improvements in capital efficiency are lagging behind the initial plan, and in light of the fact that the business environment is expected to become even more uncertain going forward, we have revised our existing management plan effective April 2026 to implement three structural reforms centered on concentration on growth areas, implementation of organizational reform, and strengthening financial strategy. Through the acceleration of global growth centered on the Spice Value Chain and improvement in capital efficiency, we will aim to further increase our enterpris e value. Under these circumstances, as business costs are expected to rise further during the consolidated fiscal year under review due to factors such as the situation in the Middle East, we have designated this year as one in which to restructure our Gro up’s revenue model. We are working to address evolving customer needs across all our businesses, while also striving to optimize our supply chain and strengthen cost management. During the first quarter of the fiscal year under review, the Company’s business environment remained uncertain, due to fluctuations in interest rates and exchange rates stemming from economic policies and geopolitical risks in various countries, changes i n consumer behavior driven by economic conditions in each of our operating regions, and rising business costs—particularly for raw materials. Net sales for the first quarter of the fiscal year decreased due to the impact of the sale of the prepared foods business, which was completed in the fourth quarter of the previous fiscal year. However, on a like -for-like basis—excluding the impact of thes e factors —sales increased in each business segment. Operating profit grew, driven by the Spice/Seasoning/Processed Food Business and the International Food Business. Ordinary profit increased, and profit attributable to owners of parent also increased due to the recognition of a gain on the sale of investment securities as extraordinary income. As a result, the Group’s operating results were as shown below. Three months ended June 30, 2026 Amount (million yen) Year-on-year change (%) Net sales 75,139 99.3 Operating profit 4,001 117.1 Ordinary profit 4,494 122.6 Profit attributable to owners of parent 5,136 285.3 The following is an overview of results by segment (before the elimination of inter -segment transactions). Segment Net sales Operating profit (Segment profit (loss)) Amount (million yen) Year-on-year change (%) Amount (million yen) Year-on-year change (%) Spice / Seasoning / Processed Food Business 31,327 105.3 1,630 139.7 Health Food Business 4,244 104.2 541 152.1 International Food Business 16,618 104.4 1,555 117.1 Restaurant Business 16,972 107.8 752 80.7 Other Food Related Business 8,874 69.4 220 110.7 Subtotal 78,035 99.7 4,699 118.0 Adjustment (elimination) (2,896) – (698) – Total 75,139 99.3 4,001 117.1 (Note) 1. Adjustment (elimination) comprises profit or loss not distributed to segments and the elimination of inter -segment transactions.
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- 3 - Spice / Seasoning / Processed Food Business Net sales increased due to a recovery in sales volume following the price revisions implemented in the previous fiscal year, as well as price revisions for certain products. The Household Use Business saw a recovery in sales volume, particularly for curry roux, hashed beef sauce roux, and spices, as a result of its focus on stimulating demand and meeting customer needs by enhancing the value of its products. The Food Service Business performed steadily, driven by growth in the restaurant market and price adjustments for certain products. Profits improved, mainly thanks to the effect of higher sales and price revisions, as well as the effective use of marketing costs. As a result of the above, sales in the Spice/Seasoning/Processed Food Business stood at 31,327 million yen, up 5.3% year on year, and operating profit was 1,630 million yen, up 39.7% year on year. Consequently, the ratio of operating profit to net sales was 5.2%, rising 1.3 percentage points from a year earlier. Health Food Business Sales increased despite a temporary decline in sales volume of Ukon No Chikara—which underwent a price adjustment in June 2026—as sales of C1000, for which we expanded the product lineup, grew. In terms of profits, profits increased due to factors such as the rise in sales and the impact of price adjustments, which offset the rise in operating costs. As a result of the above, sales in the Health Food Business rose 4.2% year on year, to 4,244 million yen, and operating profit increased 52.1%, to 541 million yen. Consequently, the ratio of operating profit to net sales was 12.8%, rising 4.0 percentage points from a year earlier. International Food Business Period covered by the consolidated financial statements: Mainly from January to March 2026 The soybean business in the United States saw a decline in profits due to lower sales, despite efforts to review its cost structure in line with its profit-and-loss restructuring plan. In the curry business in China, amid shifting consumer behavior and distribution conditions against the backdrop of an uncertain economic climate, the Household Use Business posted increased sales and profits, driven by both the Company’s concentrated investment of management resources in strong sales channels and increased demand during the Spring Festival period. The Food Service Business saw increased sales and profits through enhanced menu offerings and the acquisition of new customers. As a result of the above, the business as a wh ole also achieved increases in both sales and profit. Thailand’s functional drink business posted increased sales and profits, driven by a focus on sales through traditional trade and the expansion of its customer base through zero-sugar products. As a result of the above, sales in the International Food Business rose 4.4% year on year, to 16,618 million yen, and operating profit increased 17.1%, to 1,555 million yen. Consequently, the ratio of operating profit to net sales was 9.4%, rising 1.0 percentage points from a year earlier. The performance of some businesses in this segment is shown in 3. Supplemental Information. Please take a look at it as well. Restaurant Business Periods covered by the consolidated financial statements: From March to May 2026 for Ichibanya Co., Ltd. and from January to March 2026 for subsidiaries Sales increased in the domestic operations, where Ichibanya Co., Ltd. focused on sales promotion initiatives targeting a wide range of customers and the sale of limited-time and limited-quantity menu items, as well as the business expansion of overseas and domestic subsidiaries. In terms of profits, profits declined due to rising purchase prices for food ingredients—particularly rice—as well as increased costs such as logistics expenses. As a result of the above, sales in the Restaurant Business increased 7.8% year on year, to 16,972 million yen, and operating profit declined 19.3% year on year, to 752 million yen. Consequently, the ratio of operating profit to net sales was 4.4%, declining 1.5 percentage point from the same period of the previous fiscal year . Other Food Related Business Sales for this business segment declined significantly because Delica Chef Corporation, which operated the prepared foods business, was sold during the fourth quarter of the previous fiscal year and was subsequently excluded from the scope of consolidation . In terms of profits, earnings increased due to the improvement in revenue resulting from this impact. V ox Trading Co., Ltd. posted increased sales due to the strong performance of key goods such as spicy vegetables; however, profits fell due primarily to lower profitability at overseas subsidiaries. As a result of the above, sales in Other Food Related Business decreased 30.6% year on year, to 8,874 million yen, and operating profit increased 10.7% year on year, to 220 million yen. Consequently, the ratio of operating profit to net sales was 2.5%, rising 0.9 percentage points from a year earlier.
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- 4 - (2) Analysis of Financial Position The consolidated financial situation at the end of the first quarter of the fiscal year under review is as follows: Total assets were 424,363 million yen, a decrease of 12,912 million yen from the end of the previous consolidated fiscal year. Current assets fell 10,258 million yen, to 186,031 million yen mainly due to decreases in cash and deposits, and notes and accounts receivable-trade, which offset increases in merchandise and finished goods and securities. Non -current assets declined 2,654 million yen, to 238,331 million yen, mainly due to decreases in construction in progress and investment securities, which offset increases in buildings and structures. Liabilities stood at 106,655 million yen, a decrease of 7,904 million yen from the end of the previous consolidated fiscal year. Current liabilities were down 5,476 million yen, to 59,364 million yen mainly due to decreases in accounts payable - other and income taxes payable. Non -current liabilities declined 2,428 million yen, to 47,292 million yen, chiefly due to a decrease in deferred tax liabilities. Net assets decreased 5,008 million yen from the end of the previous consolidated fiscal year, to 317,707 million yen. This decrease was primarily due to a reduction in retained earnings and treasury shares resulting from the cancellation of treasury shares, as well as an increase in treasury shares resulting from the purchase of treasury shares and a decrease in the valuation difference on available-for-sale securities resulting from the sale of strategically held shares. As a result, the equity ratio stood at 67.9% (compared with 67.0% at the end of the previous fiscal year), and net assets per share amounted to 3,211.74 yen (3,223.48 yen at the end of the previous fiscal year) at the end of the first quarter of the fiscal year under review.
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- 5 - (3) Information on the Future Outlook, Including Consolidated Business Results Forecasts Regarding our full-year consolidated earnings forecast for the fiscal year ending March 2027, in light of further increases in costs—such as those for raw materials —against the backdrop of the situation in the Middle East, we are revising the forecast announced on May 11, 2026, as follows. - Revision to consolidated financial forecast for the fiscal year ending March 31, 2027 (April 1, 2026 to March 31, 2027) Previous forecast Revised forecast Increase/ Decrease Rate of change Reference Results for the previous fiscal year million yen million yen million yen % million yen Net sales 322,500 322,500 – – 316,977 Operating profit 18,500 17,500 (1,000) (5.4) 18,246 Ordinary profit 19,700 18,700 (1,000) (5.1) 19,526 Profit attributable to owners of parent 17,000 17,000 – – 7,360 Previous forecast Revised forecast Increase/ Decrease Rate of change Reference Results for the previous fiscal year million yen million yen million yen % Spice / Seasoning / Processed Food Business Net sales 138,000 138,000 – – 132,149 Operating profit 12,400 11,400 (1,000) (8.1) 12,838 Health Food Business Net sales 18,000 18,000 – – 16,854 Operating profit 1,800 1,800 – – 1,527 International Food Business Net sales 66,000 66,000 – – 63,404 Operating profit 3,900 3,900 – – 3,361 Restaurant Business Net sales 72,600 72,600 – – 65,507 Operating profit 3,600 3,600 – – 3,388 Other Food Related Business Net sales 39,500 39,500 – – 50,063 Operating profit 1,100 1,100 – – 905 Adjustment Net sales (11,600) (11,600) – – (10,999) Operating profit (4,300) (4,300) – – (3,774) The forecasts above have been made based on information available on the date of publication of this document. Actual results may differ materially from the forecast depending on future conditions, etc. The Company shall make prompt disclosure if the need to revise the business results forecasts arises.
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- 6 - 2. Quarterly Consolidated Financial Statements and Key Notes (1) Quarterly Consolidated Balance Sheets (Million yen) End of previous fiscal year (As of March 31, 2026) End of first quarter of the fiscal year under review (As of June 30, 2026) Assets Current assets Cash and deposits 100,843 87,930 Notes and accounts receivable - trade 54,550 52,064 Securities 998 2,995 Merchandise and finished goods 20,166 22,534 Work in process 4,242 4,086 Raw materials and supplies 9,190 9,476 Other 6,422 7,083 Allowance for doubtful accounts (122) (136) Total current assets 196,289 186,031 Non-current assets Property, plant and equipment Buildings and structures, net 39,752 44,393 Machinery, equipment and vehicles, net 21,384 22,336 Land 28,552 28,615 Lease assets, net 2,011 1,923 Construction in progress 10,000 4,994 Other, net 5,514 5,558 Total property, plant and equipment 107,212 107,819 Intangible assets Goodwill 3,467 3,626 Trademark right 17,363 17,204 Software 3,024 2,882 Contract-related intangible assets 15,802 15,602 Software in progress 1,911 2,763 Other 1,481 1,502 Total intangible assets 43,048 43,579 Investments and other assets Investment securities 51,298 47,243 Long-term loans receivable 18 19 Deferred tax assets 572 629 Long-term time deposits 1,000 1,000 Retirement benefit asset 31,624 31,725 Distressed receivables 191 193 Long-term deposits 935 933 Other 6,291 6,394 Allowance for doubtful accounts (1,205) (1,203) Total investments and other assets 90,724 86,933 Total non-current assets 240,985 238,331 Total assets 437,275 424,363
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- 7 - (Million yen) End of previous fiscal year (As of March 31, 2026) End of first quarter of the fiscal year under review (As of June 30, 2026) Liabilities Current liabilities Notes and accounts payable - trade 20,344 19,787 Electronically recorded obligations - operating 1,422 929 Short-term borrowings 6,835 7,014 Lease liabilities 904 907 Accounts payable - other 13,387 9,910 Income taxes payable 4,710 3,059 Provision for bonuses 626 355 Provision for bonuses for directors (and other officers) 69 20 Provision for shareholder benefit program 309 256 Asset retirement obligations 3 – Other 16,232 17,127 Total current liabilities 64,840 59,364 Non-current liabilities Long-term borrowings 5,838 5,871 Lease liabilities 5,127 5,012 Long-term accounts payable - other 402 397 Deferred tax liabilities 25,531 24,260 Retirement benefit liability 6,159 5,986 Asset retirement obligations 1,142 1,176 Long-term guarantee deposits 3,467 3,469 Other 2,052 1,121 Total non-current liabilities 49,720 47,292 Total liabilities 114,559 106,655 Net assets Shareholders’ equity Share capital 9,948 9,948 Capital surplus 22,848 22,848 Retained earnings 235,527 217,505 Treasury shares (22,238) (7,271) Total shareholders’ equity 246,086 243,030 Accumulated other comprehensive income Valuation difference on available-for- sale securities 23,098 20,560 Deferred gains or losses on hedges 19 (26) Foreign currency translation adjustment 17,695 18,751 Remeasurements of defined benefit plans 5,912 5,708 Total accumulated other comprehensive income 46,724 44,993 Non-controlling interests 29,906 29,684 Total net assets 322,715 317,707 Total liabilities and net assets 437,275 424,363
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- 8 - (2) Quarterly Consolidated Statements of Income and Comprehensive Income (Million yen) First three-month period of previous fiscal year (April 1, 2025 - June 30, 2025) First three-month period of the fiscal year under review (April 1, 2026 - June 30, 2026) Net sales 75,699 75,139 Cost of sales 48,209 46,685 Gross profit 27,490 28,454 Selling, general and administrative expenses 24,072 24,453 Operating profit 3,418 4,001 Non-operating income Interest income 76 98 Dividend income 131 126 Rental income from buildings 221 223 Foreign exchange gains 67 243 Other 104 230 Total non-operating income 599 920 Non-operating expenses Interest expenses 90 105 Rental expenses 168 167 Share of loss of entities accounted for using equity method 58 44 Other 36 110 Total non-operating expenses 351 427 Ordinary profit 3,666 4,494 Extraordinary income Gain on sale of non-current assets 11 13 Gain on sale of investment securities – 3,504 Gain on sale of restaurants 15 2 Gain on revision of retirement benefit plan 72 – Other 3 3 Total extraordinary income 100 3,522 Extraordinary losses Loss on sale of non-current assets – 1 Loss on retirement of non-current assets 87 23 Loss on valuation of membership – 12 Impairment losses 10 – Other 1 0 Total extraordinary losses 98 37 Profit before income taxes 3,667 7,979 Income taxes 1,508 2,360 Profit 2,159 5,619 Profit attributable to Profit attributable to owners of parent 1,801 5,136 Profit attributable to non-controlling interests 359 483
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- 9 - (Million yen) First three-month period of previous fiscal year (April 1, 2025 - June 30, 2025) First three-month period of the fiscal year under review (April 1, 2026 - June 30, 2026) Other comprehensive income Valuation difference on available-for- sale securities 3,035 (2,536) Deferred gains or losses on hedges (222) (57) Foreign currency translation adjustment (3,791) 1,008 Remeasurements of defined benefit plans, net of tax (68) (262) Share of other comprehensive income of entities accounted for using equity method (23) 53 Total other comprehensive income (1,069) (1,794) Comprehensive income 1,090 3,825 Comprehensive income attributable to Comprehensive income attributable to owners of parent 1,013 3,406 Comprehensive income attributable to non-controlling interests 77 419
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- 10 - (3) Notes to Quarterly Consolidated Financial Statements Notes Relating to Application of Particular Accounts Procedures to the Preparation of Quarterly Consolidated Financial Statements (Calculation of tax expenses) The Company calculates tax expenses by reasonably estimating the effective tax rate after applying tax effect accounting to profit before income taxes for the consolidated fiscal year and multiplying profit before income taxes for the first quarter under review by the estimated effective tax rate. However, if the calculation of tax expenses using the estimated effective tax rate results in a markedly unreasonable outcome, tax expenses are calculated by using the statutory effective tax rate after adding and subtracting important differences that do not fall under temporary differences to and from profit before income taxes. Notes to Segment Information I. First three-month period of previous fiscal year (April 1, 2025 - June 30, 2025) 1. Information on net sales and profits or losses by reported segment (Million yen) Reported segments Other Total Adjustment (Note 1) Amount on consolidated financial statements (Note 2) Spice / Seasoning / Processed Food Business Health Food Business International Food Business Restaurant Business Other Food Related Business Total Net sales Sales – outside customers 28,608 3,945 15,794 15,717 11,601 75,665 – 75,665 34 75,699 Sales and transfer – inter-segment 1,152 127 118 27 1,181 2,605 – 2,605 (2,605) – Total 29,761 4,072 15,912 15,744 12,781 78,270 – 78,270 (2,571) 75,699 Segment profit (loss) 1,167 356 1,328 933 199 3,982 – 3,982 (564) 3,418 (Notes) 1. The details of the adjustments listed are as follows: (1) Sales-outside customers are mainly real estate rental revenues recorded by the Company. (2) Segment profit (loss) includes a loss of 564 million yen of the Company and House Business Partners Corporation, etc., which is not distributed to business segments. 2. Segment profit was adjusted with operating profit on the consolidated financial statements. 2. Information on impairment losses on non-current assets and goodwill by reportable segment (Important impairment losses on non-current assets) In the first quarter of the consolidated fiscal year under review, the Company recorded impairment losses of 10 million yen associated with a fall in profitability of store assets, etc. in the Restaurant Business segment.
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- 11 - II. First three-month period of the fiscal year under review (April 1, 2026 - June 30, 2026) 1. Information on net sales and profits or losses by reported segment (Million yen) Reported segments Other Total Adjustment (Note 1) Amount on consolidated financial statements (Note 2) Spice / Seasoning / Processed Food Business Health Food Business International Food Business Restaurant Business Other Food Related Business Total Net sales Sales – outside customers 29,845 4,090 16,468 16,919 7,775 75,097 – 75,097 42 75,139 Sales and transfer – inter-segment 1,482 154 150 53 1,099 2,938 – 2,938 (2,938) – Total 31,327 4,244 16,618 16,972 8,874 78,035 – 78,035 (2,896) 75,139 Segment profit (loss) 1,630 541 1,555 752 220 4,699 – 4,699 (698) 4,001 (Notes) 1. The details of the adjustments listed are as follows: (1) Sales-outside customers are mainly real estate rental revenues recorded by the Company. (2) Segment profit (loss) includes a loss of 698 million yen of the Company and House Business Partners Corporation, etc., which is not distributed to business segments. 2. Segment profit was adjusted with operating profit on the consolidated financial statements. 2. Information on impairment losses on non-current assets and goodwill by reportable segment Not applicable.
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- 12 - Notes for Case Where Shareholders’ Equity underwent Significant Changes in Value (Cancellation of treasury shares) The Company completed the cancellation of 6,400,000 treasury shares as of May 29, 2026 based on a resolution at the meeting of the Board of Directors held on May 11, 2026. As a result, retained earnings and treasury shares each decreased by 18,964 million yen during the first quarter of the fiscal year. (Purchase of treasury shares) The Company completed the purchase of 1,220,300 treasury shares based on a resolution at the meeting of the Board of Directors held on May 11, 2026. As a result, treasury shares increased by 4,174 million yen during the first three months of the fiscal year under review. Accordingly, as of the end of the first three months of the fiscal year under review, retained earnings amounted to 217,505 million yen, and treasury shares were 7,271 million yen. Notes Relating to Assumptions for the Going Concern Not applicable. Notes Relating to Quarterly Consolidated Statements of Cash Flows The Company did not prepare quarterly consolidated statements of cash flows for the first three months under review. Depreciation (including amortization of intangible assets except for goodwill) and amortization of goodwill for the three- month period under review are as follows: First three-month period of previous fiscal year (April 1, 2025 - June 30, 2025) First three-month period of the fiscal year under review (April 1, 2026 - June 30, 2026) Depreciation 3,253 million yen 3,148 million yen Amortization of goodwill 129 million yen 112 million yen
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- 13 - 3. Supplementary Information The term “Revised Forecast” used in this document refers to the revised forecast figures announced on August 4, 2026. This revision pertains to operating profit for the Spice/Seasoning/Processed Food Business; the forecasts for other business segments remain unchanged from the previous forecast (announced on May 11 of the same year). (1) Business Results Consolidated (Million yen) First quarter of FY2025 First quarter of FY2026 FY2025 FY2026 Revised Forecast Amount Year-on- year change Amount Year-on- year change Amount Year-on- year change Amount Year-on- year change Net sales 75,699 101.3% 75,139 99.3% 316,977 100.5% 322,500 101.7% Operating profit 3,418 61.4% 4,001 117.1% 18,246 91.2% 17,500 95.9% Ordinary profit 3,666 64.0% 4,494 122.6% 19,526 91.3% 18,700 95.8% Profit attributable to owners of parent 1,801 50.6% 5,136 285.3% 7,360 58.9% 17,000 231.0% Comprehensive income 1,090 15.9% 3,825 350.9% 15,452 101.0% – – Net sales by business segment*1 (Million yen) Net sales Amount Year-on- year change Amount Year-on- year change Amount Year-on- year change Amount Year-on- year change Spice / Seasoning / Processed Food Business 29,761 96.8% 31,327 105.3% 132,149 100.6% 138,000 104.4% Health Food Business 4,072 95.2% 4,244 104.2% 16,854 98.9% 18,000 106.8% International Food Business 15,912 106.0% 16,618 104.4% 63,404 101.6% 66,000 104.1% Business in the United States 9,011 98.6% 8,741 97.0% 33,353 95.9% 34,200 102.5% Business in China 2,936 129.8% 3,797 129.3% 12,852 111.6% 14,000 108.9% Businesses in Southeast Asia 2,918 109.8% 3,241 111.1% 11,622 103.2% 12,200 105.0% Functional drinks business in Thailand 2,442 105.4% 2,769 113.4% 10,011 103.3% 10,300 102.9% Restaurant Business 15,744 110.6% 16,972 107.8% 65,507 107.4% 72,600 110.8% Other Food Related Business 12,781 98.8% 8,874 69.4% 50,063 92.0% 39,500 78.9% Adjustment (2,571) – (2,896) – (10,999) – (11,600) – Operating profit by business segment*1 (Million yen) Operating profit Amount Year-on- year change Amount Year-on- year change Amount Year-on- year change Amount Year-on- year change Spice / Seasoning / Processed Food Business 1,167 40.9% 1,630 139.7% 12,838 100.2% 11,400 88.8% Health Food Business 356 45.7% 541 152.1% 1,527 62.6% 1,800 117.9% International Food Business 1,328 122.4% 1,555 117.1% 3,361 110.4% 3,900 116.0% Business in the United States 231 67.6% 48 20.9% (1,056) – (400) – Business in China 471 371.3% 775 164.6% 1,464 142.2% 1,600 109.3% Businesses in Southeast Asia 485 96.8% 673 138.7% 1,805 106.5% 1,800 99.7% Functional drinks business in Thailand 471 98.1% 648 137.6% 1,767 107.7% 1,800 101.9% Restaurant Business 933 124.4% 752 80.7% 3,388 94.0% 3,600 106.2% Other Food Related Business 199 47.5% 220 110.7% 905 73.3% 1,100 121.5% Adjustment (564) – (698) – (3,774) – (4,300) –
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- 14 - Financial results of group companies in the first quarter of the fiscal year ending March 31, 2027*1 (Million yen) Net sales Operating profit Vox Trading Co., Ltd. (Consolidated)*2 8,398 216 *1. The business results of each business and group company in the International Food Business segment from the fiscal year ended March 31, 2022 to the fiscal year ended March 31, 2026 are shown in (8) Reference Information. *2. Included in Other Food Related Business. Located in Japan, business activities include import, export and sales of agricultur al products and foodstuffs. Average exchange rate during the period (Yen) First quarter of FY2025 First quarter of FY2026 FY2026 Forecast U.S.A. (USD) 151.21 156.45 155.00 China (Chinese Yuan) 20.75 22.64 21.00 Thailand (THB) 4.46 4.92 4.60 Foreign exchange impact (Million yen) First quarter of FY2025 First quarter of FY2026 FY2026 Forecast Business in the United States Net sales 79 293 1,152 Operating profit 2 2 (13) Business in China Net sales 1 317 87 Operating profit 0 65 10 Functional drinks business in Thailand Net sales 153 259 67 Operating profit 30 61 12 (2) Number of Group Companies First quarter of FY2025 First quarter of FY2026 Consolidated subsidiaries 49 51 Japan 21 22 Overseas 28 29 Equity-method affiliate 5 4 Japan 2 2 Overseas 3 2
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- 15 - (3) Consolidated Statements of Income 1. Consolidated Statements of Income (Million yen) First quarter of FY2025 First quarter of FY2026 Year-on-year change Amount Percentage Amount Percentage Amount Rate of change Net sales 75,699 100.0% 75,139 100.0% (560) (0.7%) <By business segment> Spice / Seasoning / Processed Food Business 29,761 39.3% 31,327 41.7% 1,566 5.3% Health Food Business 4,072 5.4% 4,244 5.6% 172 4.2% International Food Business 15,912 21.0% 16,618 22.1% 706 4.4% Restaurant Business 15,744 20.8% 16,972 22.6% 1,228 7.8% Other Food Related Business 12,781 16.9% 8,874 11.8% (3,907) (30.6%) Adjustment (2,571) (3.4%) (2,896) (3.9%) (325) – Cost of sales 48,209 63.7% 46,685 62.1% (1,524) (3.2%) Selling, general and administrative expenses 24,072 31.8% 24,453 32.5% 381 1.6% Operating profit 3,418 4.5% 4,001 5.3% 583 17.1% <By business segment> Spice / Seasoning / Processed Food Business 1,167 1.5% 1,630 2.2% 463 39.7% Health Food Business 356 0.5% 541 0.7% 185 52.1% International Food Business 1,328 1.8% 1,555 2.1% 227 17.1% Restaurant Business 933 1.2% 752 1.0% (180) (19.3%) Other Food Related Business 199 0.3% 220 0.3% 21 10.7% Adjustment (564) (0.7%) (698) (0.9%) (134) – Non-operating income 599 0.8% 920 1.2% 321 53.6% Non-operating expenses 351 0.5% 427 0.6% 76 21.6% Ordinary profit 3,666 4.8% 4,494 6.0% 828 22.6% Extraordinary income 100 0.1% 3,522 4.7% 3,422 3,439.3% Extraordinary losses 98 0.1% 37 0.0% (62) (62.9%) Profit before income taxes 3,667 4.8% 7,979 10.6% 4,312 117.6% Income taxes 1,508 2.0% 2,360 3.1% 852 56.5% Profit 2,159 2.9% 5,619 7.5% 3,460 160.3% Profit attributable to Profit attributable to owners of parent 1,801 2.4% 5,136 6.8% 3,336 185.3% Profit attributable to non-controlling interests 359 0.5% 483 0.6% 124 34.6% Comprehensive income 1,090 1.4% 3,825 5.1% 2,735 250.9%
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- 16 - 2. Major Changes in Selling, General and Administrative Expenses (Million yen) First quarter of FY2025 First quarter of FY2026 Year-on-year change Advertising expenses 1,767 1,924 157 Transportation and storage costs 3,276 2,950 (325) Sales commission 34 39 6 Promotion expenses 987 981 (6) Personnel expenses 9,256 9,574 317 Research and development expenses 1,179 1,194 16 Amortization of goodwill 129 112 (17) Other 7,445 7,677 233 Total selling, general and administrative expenses 24,072 24,453 381 3. Non-Operating Income (Expenses) (Million yen) First quarter of FY2025 First quarter of FY2026 Year-on-year change Interest income 76 98 22 Dividend income 131 126 (5) Rental income from buildings 221 223 1 Foreign exchange gains 67 243 176 Other 104 230 127 Total non-operating income 599 920 321 Interest expenses 90 105 15 Rental expenses 168 167 (0) Share of loss of entities accounted for using equity method 58 44 (14) Other 36 110 75 Total non-operating expenses 351 427 76 4. Extraordinary Income (Losses) (Million yen) First quarter of FY2025 First quarter of FY2026 Year-on-year change Gain on sale of non-current assets 11 13 2 Gain on sale of investment securities – 3,504 3,504 Gain on sale of restaurants 15 2 (12) Gain on revision of retirement benefit plan 72 – (72) Other 3 3 – Total extraordinary income 100 3,522 3,422 Loss on sale of non-current assets – 1 1 Loss on retirement of non-current assets 87 23 (64) Loss on valuation of membership – 12 12 Impairment losses 10 – (10) Other 1 0 (1) Total extraordinary losses 98 37 (62)
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- 17 - 5. Quarterly Statements Consolidated (Million yen) FY2025 FY2026 1Q 2Q 3Q 4Q Cumulative total 1Q 2Q 3Q 4Q Cumulative total Net sales 75,699 77,903 88,356 75,019 316,977 75,139 Year-on-year change 966 (2,327) 3,963 (1,042) 1,559 (560) Operating profit 3,418 2,450 9,069 3,308 18,246 4,001 Year-on-year change (2,153) (1,236) 627 1,004 (1,758) 583 Ordinary profit 3,666 2,782 9,163 3,915 19,526 4,494 Year-on-year change (2,058) (1,132) 406 923 (1,862) 828 Profit attributable to owners of parent 1,801 3,801 6,148 (4,389) 7,360 5,136 Year-on-year change (1,756) 1,846 (514) (4,710) (5,133) 3,336 Comprehensive income 1,090 1,938 9,666 2,758 15,452 3,825 Year-on-year change (5,749) (4,235) 10,955 (811) 160 2,735 Net sales by business segment (Million yen) Net sales FY2025 FY2026 1Q 2Q 3Q 4Q Cumulative total 1Q 2Q 3Q 4Q Cumulative total Spice / Seasoning / Processed Food Business 29,761 31,987 39,137 31,265 132,149 31,327 Year-on-year change (988) (534) 1,529 739 747 1,566 Health Food Business 4,072 4,588 4,643 3,551 16,854 4,244 Year-on-year change (204) 143 (143) 15 (189) 172 International Food Business 15,912 14,633 16,247 16,613 63,404 16,618 Year-on-year change 898 (1,115) 399 816 998 706 Business in the United States 9,011 7,506 8,399 8,437 33,353 8,741 Year-on-year change (132) (1,056) (8) (247) (1,443) (269) Business in China 2,936 3,263 3,562 3,091 12,852 3,797 Year-on-year change 674 46 396 222 1,339 860 Businesses in Southeast Asia 2,918 2,726 2,729 3,249 11,622 3,241 Year-on-year change 261 (210) (152) 460 360 323 Functional drinks business in Thailand 2,442 2,401 2,356 2,811 10,011 2,769 Year-on-year change 125 (109) (96) 403 323 327 Restaurant Business 15,744 16,260 16,511 16,992 65,507 16,972 Year-on-year change 1,504 922 1,120 975 4,521 1,228 Other Food Related Business 12,781 13,460 14,580 9,241 50,063 8,874 Year-on-year change (154) (1,682) 1,145 (3,651) (4,342) (3,907) Adjustment (2,571) (3,025) (2,761) (2,642) (10,999) (2,896) Year-on-year change (91) (61) (87) 62 (176) (325)
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- 18 - Operating profit by business segment (Million yen) Operating profit FY2025 FY2026 1Q 2Q 3Q 4Q Cumulative total 1Q 2Q 3Q 4Q Cumulative total Spice / Seasoning / Processed Food Business 1,167 1,833 6,495 3,344 12,838 1,630 Year-on-year change (1,686) (699) 1,081 1,326 22 463 ROS 3.9% 5.7% 16.6% 10.7% 9.7% 5.2% Health Food Business 356 589 793 (211) 1,527 541 Year-on-year change (423) (19) (185) (283) (910) 185 ROS 8.7% 12.8% 17.1% (5.9%) 9.1% 12.8% International Food Business 1,328 120 1,109 804 3,361 1,555 Year-on-year change 243 (493) 277 290 318 227 ROS 8.3% 0.8% 6.8% 4.8% 5.3% 9.4% Business in the United States 231 (757) (193) (337) (1,056) 48 Year-on-year change (111) (593) 58 (111) (757) (183) ROS 2.6% (10.1%) (2.3%) (4.0%) (3.2%) 0.6% Business in China 471 248 540 205 1,464 775 Year-on-year change 344 3 121 (33) 435 304 ROS 16.0% 7.6% 15.1% 6.6% 11.4% 20.4% Businesses in Southeast Asia 485 416 415 490 1,805 673 Year-on-year change (16) (6) (7) 140 111 188 ROS 16.6% 15.2% 15.2% 15.1% 15.5% 20.8% Functional drinks business in Thailand 471 398 412 486 1,767 648 Year-on-year change (9) 8 6 122 126 177 ROS 19.3% 16.6% 17.5% 17.3% 17.7% 23.4% Restaurant Business 933 929 912 615 3,388 752 Year-on-year change 183 (54) (253) (92) (216) (180) ROS 5.9% 5.7% 5.5% 3.6% 5.2% 4.4% Other Food Related Business 199 276 232 199 905 220 Year-on-year change (220) 50 (205) 45 (330) 21 ROS 1.6% 2.0% 1.6% 2.2% 1.8% 2.5% Adjustment (564) (1,296) (471) (1,443) (3,774) (698) Year-on-year change (251) (21) (88) (282) (641) (134)
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- 19 - 6. Factors of Changes in Operating Profit by Business Segment (Billion yen) Billion yen Year-on-year change Spice / Seasoning / Processed Food Business +0.5 Change in sales* +0.8 Change in cost of sales ratio* +0.1 Marketing costs* +0.0 Other expenses* (0.5) Affiliated companies, adjustment +0.0 Health Food Business +0.2 Change in sales +0.1 Change in cost of sales ratio (0.0) Marketing costs (0.0) Other expenses +0.1 International Food Business +0.2 Business in the United States (0.2) Business in China +0.3 Businesses in Southeast Asia +0.2 Exports and others (0.1) Restaurant Business (0.2) Other Food Related Business +0.0 V ox Trading Co., Ltd. (Consolidated) (0.0) Adjustment (elimination) (0.1) Changes in operating profit +0.6 * Calculated based on results of House Foods Corporation, House Gaban Corporation and House Foods Tohoku Factory Inc.
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- 20 - (4) Consolidated Balance Sheets Consolidated Balance Sheets (Million yen) End of FY2025 End of the first quarter of FY2026 Increase/decrease from end of FY2025 Major factors for increase/decrease Amount Percentage Amount Percentage Amount Current assets 196,289 44.9% 186,031 43.8% (10,258) Decrease in cash and deposits (12,913) Decrease in notes and accounts receivable - trade (2,486) Increase in merchandise and finished goods 2,368 Increase in securities 1,996 Non-current assets 240,985 55.1% 238,331 56.2% (2,654) Decrease in construction in progress (5,006) Decrease in investment securities (4,054) Increase in buildings and structures, net 4,641 Total assets 437,275 100.0% 424,363 100.0% (12,912) Current liabilities 64,840 14.8% 59,364 14.0% (5,476) Decrease in accounts payable - other (3,478) Decrease in income taxes payable (1,651) Non-current liabilities 49,720 11.4% 47,292 11.1% (2,428) Decrease in deferred tax liabilities (1,271) Decrease in other non-current liabilities (931) Total liabilities 114,559 26.2% 106,655 25.1% (7,904) Total shareholders’ equity 246,086 56.3% 243,030 57.3% (3,056) Decrease in retained earnings (18,022) Decrease in treasury shares 14,966 Total accumulated other comprehensive income 46,724 10.7% 44,993 10.6% (1,730) Decrease in valuation difference on available- for-sale securities (2,538) Increase in foreign currency translation adjustment 1,057 Non-controlling interests 29,906 6.8% 29,684 7.0% (222) Total net assets 322,715 73.8% 317,707 74.9% (5,008) Total liabilities and net assets 437,275 100.0% 424,363 100.0% (12,912)
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- 21 - (5) Capital Investment Consolidated (Million yen) First quarter of FY2025 First quarter of FY2026 FY2026 Forecast Capital investment 3,752 3,672 16,500 Leases 595 51 200 Total 4,346 3,723 16,700 (6) Depreciation Consolidated (Million yen) First quarter of FY2025 First quarter of FY2026 FY2026 Forecast Depreciation 3,253 3,148 13,000 Lease payments 217 226 600 Total 3,470 3,374 13,600 * Lease payments for leased property which is recorded as an asset according to the method for sales transactions are included in “depreciation.” (7) Major Management Indicators, etc. Consolidated FY2025 First quarter of FY2026 FY2026 Revised Forecast Profit per share 79.72 yen 56.98 yen 195.97 yen Net assets per share 3,223.48 yen 3,211.74 yen 3,272.31 yen Return on invested capital 4.1% – 4.1% ATO 0.73 times – 0.76 times Ratio of operating profit to net sales 5.8% 5.3% 5.4% EBITDA margin 10.0% 9.6% 9.6% Ratio of ordinary profit to net sales 6.2% 6.0% 5.8% Ratio of operating profit to total assets 4.2% – 4.1% ROE (Return on equity) 2.5% – 6.0% Equity ratio 67.0% 67.9% 65.3% Dividend per share 70.00 yen – 100.00 yen Dividend payout ratio 87.8% – 51.0% Total payout ratio 223.2% – – *1. For the purpose of calculating quarterly profit per share, the Company’s shares held by the House Foods Group Employee Shareholding Association Trust, which is a Trust -Type Employee Shareholding Incentive Plan (E -Ship®), are included in the number of treasury shares that are deducted from average number of common shares outstanding during the period. *2. For the purpose of calculating net assets per share, the Company’s shares held by the House Foods Group Employee Shareholding Association Trust, which is a Trust-Type Employee Shareholding Incentive Plan (E-Ship®), are included in the number of treasury shares that are deducted from the total number of common shares outstanding at the end of the period. Number of employees 6,564 6,686 – *1: Excluding those on leave of absence and part-time workers
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- 22 - (8) Reference Information 1. Domestic market size (Billion yen) FY2022 FY2023 FY2024 FY2025 Curry roux 47.1 50.6 52.3 53.8 Stew roux 18.4 19.0 19.1 19.1 Hashed beef sauce roux 6.4 7.1 7.3 7.4 Retort pouched curry 83.3 87.7 89.3 89.0 Spice in total 90.5 94.8 98.2 102.8 Source: Prepared by the Company based on Intage SRI+ and SCI data (April 2022 - March 2026) 2. Curry roux market trends (SRI+) FY2026 1Q 2Q 3Q 4Q 1H 2H Full year Overall market Average selling price 260 yen Change from the previous year +17 yen House Foods Corporation Average selling price 271 yen Change from the previous year +15 yen Share of amount 61.8% Source: SRI+ monthly data of INTAGE Inc. (April 2026 – June 2026) 3. Trends by Business (Net Sales – Year on Year) FY2026 1Q 2Q 3Q 4Q 1H 2H Full year Spice / Seasoning / Processed Food Business (House Foods) Curry roux *1 105.8% Retort pouched curry *1 102.9% Stew roux *1 95.2% Spice *1 103.1% Health Food Business (House Wellness Foods) Ukon No Chikara *1 99.9% C1000 *1 107.8% Ichinichibun No Vitamin *1 94.6% International Food Business (Local currency basis) Business in the United States 93.8% Business in China 118.5% Functional drinks business in Thailand 102.8% Restaurant Business (Ichibanya) Net sales of all domestic restaurants 103.1% Net sales of existing domestic restaurants 102.5% Number of customers 100.5% Average sales per customer 101.9% *1: Results by product are based on shipments and are for reference only.
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- 23 - 4. Overseas Food Business Performance Net sales (Million yen) FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 Forecast International Food Business 39,110 48,875 56,375 62,407 63,404 66,000 Year-on-year change 5,054 9,764 7,500 6,032 998 2,596 Business in the United States 14,793 21,196 31,612 34,796 33,353 34,200 Year-on-year change 1,322 6,402 10,417 3,183 (1,443) 847 Business in China 8,545 10,660 11,038 11,513 12,852 14,000 Year-on-year change 1,564 2,115 377 475 1,339 1,148 Businesses in Southeast Asia 10,847 12,087 8,661 11,262 11,622 12,200 Year-on-year change 1,351 1,240 (3,426) 2,601 360 578 Functional drinks business in Thailand 10,496 11,448 7,850 9,687 10,011 10,300 Year-on-year change 1,218 952 (3,598) 1,838 323 289 Operating profit status (Million yen) FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 Forecast International Food Business 5,250 5,424 3,067 3,044 3,361 3,900 Year-on-year change 665 174 (2,357) (23) 318 539 ROS 13.4% 11.1% 5.4% 4.9% 5.3% 5.9% Business in the United States 754 579 49 (300) (1,056) (400) Year-on-year change (114) (176) (530) (349) (757) 656 ROS 5.1% 2.7% 0.2% (0.9%) (3.2%) (1.2%) Business in China 1,329 1,589 1,094 1,030 1,464 1,600 Year-on-year change (99) 260 (495) (64) 435 136 ROS 15.5% 14.9% 9.9% 8.9% 11.4% 11.4% Businesses in Southeast Asia 2,320 2,659 1,377 1,694 1,805 1,800 Year-on-year change 827 339 (1,283) 318 111 (5) ROS 21.4% 22.0% 15.9% 15.0% 15.5% 14.8% Functional drinks business in Thailand 2,394 2,705 1,444 1,640 1,767 1,800 Year-on-year change 776 311 (1,261) 196 126 33 ROS 22.8% 23.6% 18.4% 16.9% 17.7% 17.5% Average exchange rate during the period (Yen) FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 Forecast United States (USD) 110.37 132.08 141.20 152.24 149.78 155.00 China (Chinese Yuan) 17.12 19.50 19.87 21.12 20.87 21.00 Thailand (THB) 3.43 3.74 4.06 4.33 4.57 4.60
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- 24 - Foreign exchange impact (Million yen) FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 Forecast Business in the United States Net sales 528 3,484 2,042 2,523 (548) 1,152 Operating profit 27 95 3 (22) 17 (13) Business in China Net sales 849 1,301 206 681 (154) 87 Operating profit 132 194 20 61 (18) 10 Functional drinks business in Thailand Net sales 92 949 619 604 526 67 Operating profit 21 224 114 102 93 12 5. Group Company Performance (Million yen) FY2021 FY2022 FY2023 FY2024 FY2025 FY2026 Forecast Vox Trading Co., Ltd. (Consolidated) Net sales 24,514 29,649 33,784 33,697 34,087 37,600 Operating profit 898 924 1,305 1,211 1,063 1,100