President's Message

House Foods Group Inc. Representative Director and President Hiroshi Urakami

To Shareholders and Investors,

We would like to express our sincerest gratitude for your continued support.

House Foods Group formulates and implements strategies for each of its four value chains (hereinafter referred to as “VC”): Spice VC, Functional Ingredients VC, Soybean VC and Value Added Vegetable VC, based on the theme of striving to become a high quality company that provides “Healthy Life Through Foods” Striving for Four Value Chains set out in the Seventh Medium-term Business Plan, aiming to realize its aspirations.

During the fiscal year ended March 31, 2023, the business environment was quite volatile, with the resumption of economic activity after COVID-19 giving rise to a supply-demand gap and various international factors stoking global inflation, divergence in monetary policies, and the depreciation of the yen, and the outlook remained clouded with uncertainty.
Under such conditions, the Health Food Business, International Food Business and Restaurant Business posted gains in sales and profits as a result of price revisions and improvement of efficiency by Group companies in Japan and overseas to respond to cost increases in raw materials, energy, and personal expenses; however the Spice/Seasoning/Processed Food Business could not fully absorb higher costs through price revisions and reported lower profit.

As a result, consolidated net sales increased 8.6% compared to the previous fiscal year, and consolidated operating profit decreased 13.5% year on year.

To ensure stable dividends, the year-end dividend for the fiscal year ended March 31, 2023 was 23 yen per share, the same as last fiscal year, and annual dividend per share including the interim dividend was 46 yen per share. As for the annual dividends for the fiscal year ending March 31, 2024, we plan to pay 46 yen per share.

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