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house foods group inc (2810) Details

House Foods Group Inc. primarily produces and sells food products worldwide. The company manufactures and sells spices, seasonings, and prepared foods, such as curry roux, retort pouched curry, stew roux and spices, and other products for the food-service industry. It also offers health foods and beverages; processed soy bean products, such as tofu; and baked breads and desserts. In addition, the company engages in meat processing activities; operation of restaurants; and provision of packaging and analysis services for food. The company was formerly known as House Foods Corp and changed its name to House Foods Group Inc. in 2013. House Foods Group Inc. was founded in 1913 and is headquartered in Tokyo, Japan.

6,376 Employees
Last Reported Date: 06/28/16
Founded in 1913

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house foods group inc (2810) Key Developments

House Foods Group Inc. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2016; Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2017; Announces Dividend for the Six Months Ended September 30, 2016, Payable on December 6, 2016; Provides Dividend Guidance for the Full Year Ending March 31, 2017

House Foods Group Inc. reported consolidated earnings results for the six months ended September 30, 2016. For the six months, the company reported net sales of ¥136,975 million, operating income of ¥5,351 million, ordinary income of ¥5,377 million, profit attributable to owners of parent of ¥4,208 million or ¥40.98 basic per share compared with reported net sales of ¥112,375 million, operating income of ¥4,044 million, ordinary income of ¥4,791 million, profit attributable to owners of parent of ¥2,951 million or ¥28.71 basic per share for the same period last year. Income before income taxes was ¥6,308 million compared with ¥4,652 million for the same period last year. Net cash provided by operating activities was ¥5,043 million compared with ¥4,115 million for the same period last year. Purchase of property, plant and equipment was ¥4,169 million compared with ¥3,423 million for the same period last year. Purchase of intangible assets was ¥332 million compared with ¥288 million for the same period last year. For year ending March 31, 2017, on consolidated basis, the company expects net sales of ¥285,300 million, operating income of ¥11,000 million, ordinary income of ¥11,500 million, profit attributable to owners of parent of ¥7,300 million or ¥71.04 per share compared to previous guidance of net sales of ¥295,800 million, operating income of ¥10,400 million, ordinary income of ¥11,400 million, profit attributable to owners of parent of ¥6,900 million or ¥67.30 per share. The company announced dividend of ¥15.00 per share for the six months ended September 30, 2016 against ¥15.00 per share a year ago. Scheduled date of commencement of dividend payment is December 6, 2016. The company provided dividend guidance for the full year ending March 31, 2017. The company expects dividend of ¥15.00 per share against ¥15.00 per share a year ago period.

House Foods Group Inc. to Report Q2, 2017 Results on Oct 31, 2016

House Foods Group Inc. announced that they will report Q2, 2017 results on Oct 31, 2016

House Foods Group Inc. Provides Dividend Guidance for the End of Second Quarter and Year Ending March 31, 2017; Reports Consolidated Financial Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the Six Months Ending September 30, 2016 and Year Ending March 31, 2017

House Foods Group Inc. provided dividend guidance for the end of second quarter and year end of fiscal year 2017. For the end of second quarter of 2017, the company expects dividend of ¥15.00 per share against ¥15.00 per share a year ago. For the end of fiscal 2017, the company expects dividend of ¥15.00 per share against ¥15.00 per share a year ago period. The company reported consolidated financial results for the first quarter ended June 30, 2016. For the quarter, the company reported net sales of ¥66,284 million against ¥53,254 million a year ago. Operating income was ¥2,360 million against ¥1,439 million a year ago. Ordinary income was ¥2,032 million against ¥1,824 million a year ago. Profit attributable to owners of parent was ¥2,770 million or ¥27.00 per basic share against ¥1,042 million or ¥10.14 per basic share a year ago. Income before income taxes was ¥3,441 million against ¥1,786 million a year ago. Consolidated net sales in the first quarter of the fiscal year under review increased 24.5% year on year, due to a year-on-year rise in sales from the Spice /Seasoning /Processed Food Business and the significant positive effect of the new consolidation of Ichibanya Co. Ltd. For the six months ending September 30, 2016, the company expects net sales of ¥142,300 million, operating income of ¥4,000 million, ordinary income of ¥4,400 million, profit attributable to owners of parent of ¥3,200 million or ¥31.21 per share. For the year ending March 31, 2017, the company expects net sales of ¥295,800 million, operating income of ¥10,400 million, ordinary income of ¥11,400 million, profit attributable to owners of parent of ¥6,900 million or ¥67.30 per share.

 

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