Due to recording an extraordinary loss of approximately JPY 6.9 billion, the consolidated earnings guidance for the full year ending March 2026 has been revised downward to net income of JPY 7.8 billion (40.0% decrease from the previous 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Inc.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-02-20","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/02\/2810-20260220-01.pdf","jir_short_summary":"Due to recording an extraordinary loss of approximately JPY 6.9 billion, the consolidated earnings guidance for the full year ending March 2026 has been revised downward to net income of JPY 7.8 billion (40.0% decrease from the previous forecast).","jir_summary":"### Regarding the Recording of Impairment Loss\nDue to changes in consumer preferences caused by rising prices in the United States, sales of high-priced PBF products in the US soybean business have struggled, resulting in decreased profitability. In response, the consolidated subsidiary House Foods Holdings USA reviewed the business plan of Keystone Natural Holdings and canceled the plan to establish a new factory in Kentucky, USA. As a result of these reviews, an impairment loss of approximately JPY 6.9 billion will be recorded as an extraordinary loss. The main losses consist of customer-related assets, goodwill, and tangible fixed assets of approximately JPY 5.9 billion, and construction in progress of approximately JPY 1.0 billion.\n\n### Revision of Consolidated Earnings Guidance for the Fiscal Year Ending March 2026\nNet sales have been revised downward to JPY 316,500 million (1.6% decrease from the previous forecast), operating income to JPY 17,500 million (7.9% decrease), ordinary income to JPY 18,700 million (7.9% decrease), and net income attributable to owners of parent to JPY 7,800 million (40.0% decrease). The significant decline in net income is due to the impact of recording the impairment loss. There is no change to the dividend forecast. Going forward, the company will aim to restore profitability through reviewing its sales strategy and improving productivity.","jir_financial_highlights":"Net Sales: JPY 316,500 million (1.6% decrease from previous forecast)\nOperating Income: JPY 17,500 million (7.9% decrease from previous forecast)\nOrdinary Income: JPY 18,700 million (7.9% decrease from previous forecast)\nNet Income Attributable to Owners of Parent: JPY 7,800 million (40.0% decrease from previous forecast)\nNet Income Per Share: JPY 84.48 (Decrease from previous forecast)\nExtraordinary Loss (Impairment Loss): Approximately JPY 6.9 billion (Newly recorded)","jir_category":"","jir_hashtags":"#HouseFoodsGroupInc, #EarningsGuidanceRevision, #JapaneseStocks","jir_key_figures":"Extraordinary Loss (Impairment Loss): Approximately JPY 6.9 billion (mainly related to Keystone Natural Holdings\u2019 assets and construction in progress for new facility)\nNet Sales Forecast for Fiscal Year Ending March 2026: JPY 316,500 million (1.6% decrease from previous forecast)\nNet Income Attributable to Owners of Parent Forecast for Fiscal Year Ending March 2026: JPY 7,800 million (40.0% decrease from previous forecast)","jir_meta_title":"House Foods Group Inc. Revises Down Net Income Forecast by 40% for FY March 2026 Due to Recording JPY 6.9 Billion Extraordinary Loss","jir_meta_description":"House Foods Group Inc. has lowered its net income forecast attributable to owners of parent for the fiscal year ending March 2026 to JPY 7.8 billion (40.0% decrease) following an impairment loss of approximately JPY 6.9 billion recorded in its US soybean business. Dividend forecast remains unchanged.","jir_og_title":"House Foods Group Inc. Revises Down Earnings Guidance Following Recording of Extraordinary Loss","jir_og_description":"An impairment loss of approximately JPY 6.9 billion in the US soybean business led to a 40% downward revision in net income forecast for the fiscal year ending March 2026.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":8714,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"earnings_guidance","footnotes":""},"sector":[],"importance":[],"class_list":["post-30442","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n