House Foods Group Inc. [2810.T]
TOKYO, May 11 (Pulse News Wire) – House Foods Group Inc. (2810.T) announced today that its board of directors, held on May 11, revised the targets for its eighth mid-term plan covering fiscal years 2025 through 2027.
The adjusted figures align with the forecasted consolidated operating results for the fiscal year ending March 2027 disclosed in the earnings release. The revision comes amid challenging economic conditions characterized by fluctuating interest rates and exchange rates due to various countries’ economic policies, rising raw material costs in Japan, and increased consumer frugality globally. In light of these circumstances, the company decided to focus resources on growth areas, implement organizational reforms to achieve growth strategies, and strengthen its financial strategy. Under the revised plan, the target sales for the fiscal year ending March 2027 are reduced from ¥360.0 billion to ¥322.5 billion.
Similarly, the projected operating profit decreased from ¥27.00 billion to ¥18.50 billion. The expected net income attributable to parent shareholders for the same period was also lowered to ¥17.00 billion. Additionally, the return on invested capital (ROIC) target was revised from 6.0% to 4.3%, while the return on equity (ROE) target remains unchanged at 6.0%. In conjunction with these adjustments, the company has withdrawn its previously stated ninth mid-term plan targets and will concentrate on rebuilding its revenue base during the fiscal year ending March 2027.
It plans to proceed with the formulation of the next long-term strategic plan thereafter.
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