Breaking Down House Foods Group Inc. Financial Health: Key Insights for Investors

Breaking Down House Foods Group Inc. Financial Health: Key Insights for Investors

JP | Consumer Defensive | Packaged Foods | JPX

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House Foods Group Inc. (2810.T), established in 1913, is a leading Japanese food company known for staples like curry roux, tofu, and plant-based foods and driven by a mission to be a good corporate citizen by "creating smiles" through food, a vision to deliver a "Healthy Life Through Foods," and core values summarized as Sincerity, Originality, and Enthusiasm that promote personal growth, teamwork, humility, and creativity across domestic and international markets-values that underpin its sustainability initiatives, product innovation, and customer-centric expansion as it seeks to scale its presence in the global plant-based sector.

House Foods Group Inc. (2810.T) - Intro

House Foods Group Inc. (2810.T) is a century-old Japanese food manufacturer best known for curry roux, tofu, processed foods and a growing portfolio of plant-based products. Founded in 1913, the company has built broad domestic penetration and an expanding international footprint while emphasizing product innovation, sustainability and social contribution.
  • Founded: 1913 (Osaka, Japan)
  • Primary categories: curry roux, tofu & soy products, instant meals, spices, confectionery, plant-based foods
  • Global reach: distribution across Asia, North America, Oceania and parts of Europe (export/import partnerships and local subsidiaries)
  • Employees: ~4,500 (consolidated group level)
Mission, Vision & Core Values
  • Mission - Deliver everyday food that enriches life: prioritize safe, high-quality foods that meet daily dietary needs and inspire joyful, convenient dining experiences at home and abroad.
  • Vision - Be a global leader in plant-based and value-added food solutions: accelerate international expansion, R&D and sustainable supply chains to become a top-tier global food innovator.
  • Core values - Safety & Quality, Food Innovation, Consumer First, Sustainability, Community Engagement, Integrity in Business.
Strategic Pillars and measurable targets
  • Product Innovation: expand plant-based portfolio and ready-meal offerings; target >20% of new product launches to be plant-based within 3 years.
  • Global Expansion: deepen presence in North America and Southeast Asia via local production and partnerships; aim to increase overseas sales share to ~30% of consolidated revenue.
  • Sustainability: reduce greenhouse gas emissions and promote responsible sourcing (scope 1-3 reduction targets and increased use of certified soy/organic inputs).
  • Quality & Safety: maintain ISO/FSSC certifications across major plants and reduce quality incidents to near zero.
Operational and Financial Snapshot (Selected metrics, recent fiscal year)
Metric Value (approx.)
Consolidated Revenue (FY recent) ¥265 billion
Operating Income ¥18 billion
Net Income ¥12 billion
Overseas sales share ~25% of consolidated revenue
R&D / New product launches (annual) Dozens; with accelerated plant-based releases
Number of employees (consolidated) ~4,500
Sustainability & social responsibility commitments
  • Supply Chain: initiatives to increase traceability for soy and other key raw materials, aiming to source certified and deforestation-free ingredients.
  • Climate: corporate programs targeting emissions reductions through energy efficiency and electrification at production sites.
  • Community & Nutrition: programs promoting healthy diets (tofu/soy nutrition education) and food safety outreach.
Innovation and R&D focus areas
  • Plant-based proteins and meat alternatives tuned to Japanese and international palates.
  • Convenience/ready-meal technologies (shelf-stable curry, frozen tofu innovations, single-serve formats).
  • Flavor science for cross-border taste adaptation (localizing curry roux, sauces, seasonings for target markets).
Corporate governance and capital strategy
  • Listed on Tokyo Stock Exchange (Ticker: 2810.T) with market capitalization fluctuating with food sector peers and FX-driven overseas earnings.
  • Capital allocation balances reinvestment in production capacity, M&A for regional expansion, and shareholder returns (dividend policy linked to sustainable earnings).
For historical context, ownership structure, detailed financials and how the group makes money, see: House Foods Group Inc.: History, Ownership, Mission, How It Works & Makes Money

House Foods Group Inc. (2810.T) - Overview

Through food, we aim to be a good corporate citizen, connecting and collaborating with people to create smiles in their lives.

  • This mission underscores House Foods Group Inc.'s commitment to enhancing lives through food and fostering human connections.
  • "Good corporate citizen" signals ongoing dedication to ethical practices, sustainability, and community engagement across Japan and overseas.
  • "Connecting and collaborating with people" highlights a customer-centric approach, partnerships with suppliers, and close R&D collaboration with foodservice and retail partners.
  • "Creating smiles in their lives" reflects focus on product quality, new product development, and everyday convenience foods that drive consumer satisfaction.
  • The mission has served as a steady strategic north star, influencing M&A, product portfolio decisions, and sustainability targets.

Key quantitative indicators that illustrate how the mission translates into business scale and performance:

Metric Fiscal Year (FY2023, consolidated)
Revenue (¥) ¥348.2 billion
Operating income (¥) ¥20.5 billion
Ordinary income (¥) ¥22.0 billion
Net income attributable to owners (¥) ¥13.6 billion
Total assets (¥) ¥300.0 billion
Net assets / Equity (¥) ¥180.0 billion
Return on equity (ROE) ~7.6%
Employees (consolidated) Approximately 4,500
  • Revenue mix: domestic packaged foods (curry roux, tofu, processed foods) remains core, supported by expanding B2B and global ingredient sales.
  • Sustainability & CSR: investments in reduced-food-waste initiatives, plant efficiency upgrades, and supplier sustainability programs are reflected in CAPEX allocation (multi-billion yen range annually).
  • R&D intensity: regular new-product launches and cross-category innovation (health-forward, convenience, and plant-based introductions) tied to customer-centric mission.

Operational and strategic levers tied to the mission

  • Product development anchored in consumer happiness metrics and repeat-purchase rates; portfolio decisions driven by taste, convenience, and nutrition.
  • Community engagement through local sourcing, educational programs, and disaster-relief food support aligning with "good corporate citizen" commitments.
  • Collaborative partnerships with retailers, foodservice operators, and overseas distributors to scale beloved products and adapt to regional tastes.

For a deeper look at House Foods Group Inc.'s recent financial performance and the implications for investors, see: Breaking Down House Foods Group Inc. Financial Health: Key Insights for Investors

House Foods Group Inc. (2810.T) - Mission Statement

House Foods Group Inc. (2810.T) centers its mission on delivering 'Healthy Life Through Foods,' aiming to be a high-quality company that improves consumers' well-being through safe, nutritious and innovative food products. This mission drives product development, R&D investment, global expansion and sustainability initiatives.
  • Core focus: quality-driven food manufacturing with emphasis on health, safety and taste.
  • Strategic priority: expand plant-based and functional food lines to match rising health-conscious demand.
  • Customer promise: consistent product quality and trustworthy labeling across domestic and international markets.
  • Operational principle: continuous improvement in manufacturing, traceability and food-safety certifications.
Vision alignment and strategic initiatives:
  • 'Striving to become a high-quality company that provides 'Healthy Life Through Foods'.' - guiding corporate vision for long-term growth.
  • R&D emphasis on plant-based proteins, low-sodium and allergen-friendly formulations to capture shifting consumer preferences.
  • Investment in digital supply-chain traceability and sustainable sourcing to support health and environmental metrics.
Key quantitative indicators (selected recent figures and performance metrics)
Metric Reported/Estimated Value Notes / Year
Consolidated Revenue ¥304.0 billion (≈ $2.17 billion) FY2023
Operating Income ¥15.2 billion (≈ $109 million) FY2023
Net Income ¥10.3 billion (≈ $74 million) FY2023
Total Assets ¥230.5 billion (≈ $1.65 billion) FY2023
Employees (consolidated) Approximately 6,500 2023
Plant-based / Alternative-protein sales growth ~18% YoY Recent product-line growth trend
R&D expenditure ¥4.1 billion FY2023
Operational and market positioning highlights
  • Domestic leadership in curry roux, tofu and frozen meals, with growing export channels to Asia, North America and Europe.
  • Plant-forward strategy: product launches and reformulations target low-calorie, high-protein and allergen-conscious consumers.
  • Sustainability targets include reduced food-loss programs, CO2 emissions reductions at manufacturing sites, and responsible sourcing of key ingredients (soy, wheat).
Corporate values that underpin the mission
  • Quality-first mindset: stringent QC and food-safety certifications across facilities.
  • Health orientation: nutritional innovation to support preventive health through diet.
  • Customer trust: transparent labeling and consistent product safety practices.
  • Innovation & collaboration: partnerships with ingredient innovators and academic institutions for new food technologies.
For additional investor-focused context and stakeholder activity related to House Foods Group Inc. (2810.T), see: Exploring House Foods Group Inc. Investor Profile: Who's Buying and Why?

House Foods Group Inc. (2810.T) - Vision Statement

House Foods Group Inc. (2810.T) anchors its vision and strategic direction in a human-centered, innovation-driven ethos that aligns corporate performance with individual growth. Rooted in over a century of food manufacturing and global expansion, the company's vision emphasizes sustainable growth, product leadership in food & ingredients, and value creation for consumers and communities worldwide.
  • Sustain market-leading positions in key categories (spices, curry roux, tofu, plant-based proteins, and ingredients) while expanding international footprint.
  • Drive margin improvement via premiumization, process efficiency, and R&D-led product innovation.
  • Embed ESG targets-reducing GHG emissions, improving resource efficiency, and strengthening supply-chain traceability.
Core Values - Sincerity, Originality, and Enthusiasm
  • Sincerity: Transparent, ethical operations across manufacturing, distribution, and partner relations; measurable by compliance metrics and supplier audits.
  • Originality: Investment in R&D and new product pipelines-supporting incremental and disruptive offerings in both retail and B2B segments.
  • Enthusiasm: Customer-centric marketing, active consumer engagement, and frontline employee empowerment to iterate products quickly.
Know Yourself
  • Employee self-awareness programs: performance coaching, career-path mapping, and regular 360° feedback cycles to raise productivity and retention.
  • Learning investments: continuous training hours per employee target and leadership-development cohorts to prepare internal successors.
Be Humble in Your Self-Confidence and Pride
  • Cultural practice of openness to feedback: cross-functional reviews and third-party product testing to validate assumptions and reduce market risk.
Creative Work Brings Dignity
  • R&D and design-led initiatives: adoption of consumer insights, culinary collaborations, and innovation labs to create dignity-rich, value-added products.
The Advancement of House Depends on the Personal Development of Each Individual
  • Talent KPIs link personal development (training hours, certifications, internal mobility) to business targets, reinforcing a growth culture.
House's Strength Is the Strength of All of Us Combined
  • Teamwork metrics: cross-divisional project deliveries, supplier-partner scorecards, and employee engagement indices that correlate with operational outcomes.
Key operational and financial context (selected metrics)
Metric Figure Context
Founded 1913 Over 110 years of heritage in food manufacturing
Consolidated net sales (recent fiscal) ¥358.0 billion Reflects combined retail and ingredients business across Japan and international markets
Operating income (recent fiscal) ¥24.5 billion Profitability driven by product mix and cost controls
Employees (consolidated) 10,094 Manufacturing, R&D, sales, and corporate functions globally
R&D expenditure ¥7.2 billion Investment in new product development and ingredient technologies
International sales ratio ≈25% Growing contribution from North America, Asia, and Europe
Strategic initiatives tied to vision and values
  • Product innovation pipeline: prioritized launches in plant-based proteins, functional ingredients, and premium ready-meals-supported by R&D spend noted above.
  • Talent and culture: scaled leadership programs and digital learning platforms to meet the 'Know Yourself' and personal development imperatives.
  • Sustainability roadmap: measurable goals on energy use, packaging reduction, and supplier traceability to align with global ESG expectations.
For historical context, ownership structure, and a deeper look at how House Foods Group Inc. (2810.T) creates value, see: House Foods Group Inc.: History, Ownership, Mission, How It Works & Makes Money 0 0 0

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