House Foods : Notice of Revision to Consolidated Subsidiary’s Full-Year Financial Results Forecast(Ichibanya Co., Ltd.)
October 06, 2023 at 08:08 am
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October 6, 2023
Company Name:
House Foods Group Inc.
Representative:
Hiroshi Urakami, President
(Securities Code: 2810, TSE Prime Market)
Contact:
Nobuhide Nakagawa, General Manager of
Public & Investor Relations Division
(Tel: +81-3-5211-6039)
Notice of Revision to Consolidated Subsidiary's Full-Year Financial Results Forecast
(Ichibanya Co., Ltd.)
House Foods Group Inc. (hereinafter the "Company") hereby announces that Ichibanya Co., Ltd., a consolidated subsidiary of the Company, has revised its financial results forecast for the fiscal year ending February 29, 2024, which was announced on April 5, 2023, as shown in the attached sheet.
The Company is currently examining any effect of the subject matter on its full-year results forecast for the fiscal year ending March 31, 2024 and will promptly announce any revision.
(Attachment)
Attachment: Notice of Revision to Full-Year Financial Results Forecast (Document published by Ichibanya Co., Ltd. as of October 6, 2023)
October 6, 2023
Company Name:
Ichibanya Co., Ltd.
Representative:
Mamoru Kuzuhara,
President and Representative Director
(Securities Code: 7630,
TSE Prime Market, NSE Premier Market)
Contact:
Yasutaka Hirao, General Manager of
Corporate Planning Dept.
(Tel: +81-586-81-0792)
Notice of Revision to Full-Year Financial Results Forecast
In light of recent business trends, Ichibanya Co., Ltd. (hereinafter the "Company") hereby announces that a meeting of its Board of Directors held on October 6, 2023 has revised its consolidated financial results forecast for the fiscal year ending February 29, 2024 that was disclosed on April 5, 2023 at the time of the announcement of financial results for the fiscal year ended February 28, 2023. Details are as follows.
1. Revised consolidated financial forecast for current fiscal year (Mar. 1, 2023 - Feb. 29, 2024)
Profit
Net sales
Operating profit
Ordinary profit
attributable to
Profit per share
owners of
(Million yen)
(Million yen)
(Million yen)
(Yen)
parent
(Million yen)
Previous forecast (A)
53,000
4,300
4,540
2,880
90.23
Revised forecast (B)
55,100
4,900
5,150
3,100
97.16
Change (B - A)
2,100
600
610
220
‒
Percentage change (%)
4.0
14.0
13.4
7.6
‒
(Reference) Results for
48,286
3,613
4,042
2,538
79.54
previous fiscal year
(As of February 28, 2023)
2. Reason for revision
With regard to the consolidated full-year financial results forecast, the consolidated results for the six months of the fiscal year ending February 29, 2024 exceeded the initial forecast, in addition to the revision for the year-on- year change in existing store sales of Ichibanya (non-consolidated) for the second half (September 1, 2023 to February 29, 2024) from 105.0% to 108.9%, reflecting recent sales trends, among other factors. The Company is also projecting that the performance of domestic and overseas subsidiaries will exceed the initial forecast.
As a result of these factors, both net sales and profits are likely to exceed the consolidated results forecasts shown above.
The results forecasts above are based on information available at the time of publication. Actual results may differ from the forecasts due to a variety of factors.
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House Foods Group Inc. published this content on 06 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 October 2023 07:07:09 UTC.
House Foods Group Inc is a Japan-based company mainly engaged in the manufacture and sale of food products, and restaurant management business. The Company operates through five segments. The Spice/Seasoning/Processed Food segment manufactures and sells household products such as roux curry, roux stew, retort curry, spice products, and starch noodles in Japan. The Health Food segment is engaged in the manufacture, sale, and mail-order sales of health foods and functional beverages such as Ukon No Chikara, and C1000 in Japan. The International Food segment manufactures and sells soybean-related products such as tofu, curry products, and functional foods, mainly in the United States, China, and Southeast Asia. The Restaurant segment plans and operates restaurants around the world, including Curry House CoCo Ichibanya, which offers Japanese-style curry. The Other Food Related Business segment manufactures and sells prepared dishes, imports and sells ingredients, and analyzes food.