HOUSE FOODS GROUP INC.
2810・Prime Market・Foods
Spices & Seasonings Processed Foods Business
A core segment centered on curry and spice products, accounting for approximately 41.7% of the Group's total net sales.
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (full year FY2026, ending March 2026) | ¥132,149 million | ¥131,402 million | ↑ |
| Operating income (full year FY2026, ending March 2026) | ¥12,838 million | ¥12,816 million | — |
| Operating margin (full year FY2026, ending March 2026) | 9.7% | 9.8% | — |
| Year-on-year sales growth rate | +0.6% | +4.1% (FY2025, ended March 2025) | — |
| Year-on-year profit growth rate | +0.2% | +18.3% (FY2025, ended March 2025) | — |
Business Details
Centered on House Foods Corporation, this segment develops household products such as Roux Curry, Retort Curry, Roux Stew, and spices, along with the commercial-use spice and seasoning business promoted by House Gaban Co., Ltd. Major sales destinations include food wholesalers such as Kato Sangyo Co., Ltd. (net sales of ¥36,756 million) and Mitsubishi Shokuhin Co., Ltd. (¥17,931 million). As the largest segment, accounting for approximately 41.7% of the Group's total net sales, it plays a central role in building the spice-based value chain. In FY2026 (ending March 2026), demand recovered in the second half following the price revision, and full-year profit was maintained at roughly the same level as the previous fiscal year.
Recent Overview
Demand recovery following the price revision progressed in the second half, securing full-year sales and profit at roughly the same level as the prior year.
In FY2026 (ending March 2026), profit declined significantly in the first half immediately after the price revision (Q1 operating income of ¥1,167 million, down ¥1,686 million year-on-year), but sales volume recovered in the second half (Q3: ¥6,495 million, Q4: ¥3,344 million) as the price revision effect expanded. Full-year net sales were ¥132,149 million (+0.6% year-on-year) and operating income was ¥12,838 million (+0.2% year-on-year), maintaining roughly the same level as the prior year. In the commercial-use business, channel-specific sales measures proved effective. For FY2027 (ending March 2027), net sales of ¥138,000 million (+4.4%) and operating income of ¥12,400 million (-3.4%) are forecast.
Key Products
Growth Drivers
- Establishment of the price revision effect and recovery in sales volume from the second half onward (Roux Curry: 106.5% in Q3, 105.3% in Q4)
- Success of channel-specific sales measures in the commercial-use business (expanded sales to major restaurant chains)
- Expansion of the domestic spice market (market size of ¥102.8 billion in FY2025, +4.7% year-on-year)
- Expansion of the spice business by House Gaban Co., Ltd. (full-year 102.8% year-on-year)
- Concentrated allocation of management resources toward building the spice-based value chain under the 8th Medium-Term Management Plan
Risks
- Profit pressure from continued increases in business costs, primarily raw material prices
- Risk of declining sales volume of household products due to growing consumer frugality amid inflation
- Increased marketing costs to establish demand following the price revision (sales promotion expenses up ¥495 million year-on-year in FY2026, ending March 2026)
- Risk of market share decline due to intensifying competition in areas such as retort curry (full-year 93.8% year-on-year)
- Operating income is forecast to decline 3.4% year-on-year in FY2027 (ending March 2027), with absorbing cost increases remaining a challenge
Last updated: June 22, 2026