House Foods Corp. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2011; Provides Dividend Forecast for the Year Ending March 31, 2012; Provides Earnings Guidance for the Year Ending March 31, 2012
January 27, 2012
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House Foods Corp. reported consolidated earnings results for the nine months ended December 31, 2011. For the nine months, the company reported net sales of JPY 167,372 million compared to JPY 168,719 million. Operating income was JPY 13,265 million compared to JPY 11,297 million a year ago. Ordinary income was JPY 13,984 million compared to JPY 11,747 million a year ago. Net income was JPY 8,071 million compared to JPY 6,526 million a year ago. Basic net income per share was JPY 75.60 compared to JPY 59.81 a year ago. Net cash provided by operating activities were JPY 10,254 million compared to JPY 9,802 million a year ago. Purchase of property, plant and equipment were JPY 2,960 million compared to JPY 2,191 million a year ago. Purchase of intangible assets were JPY 196 million compared to JPY 419 million a year ago. Purchase of investment securities were JPY 8,499 million compared to JPY 13,584 million a year ago.
For the year ending March 31, 2012, the company provided dividend forecast of JPY 15.00 per share.
The company provided earnings guidance for the year ending March 31, 2012. For the year, the company expects net sales of JPY 216,000 million, operating income of JPY 15,000 million, ordinary income of JPY 16,200 million, net income of JPY 9,500 million and net income per share of JPY 88.98.
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.
House Foods Corp. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2011; Provides Dividend Forecast for the Year Ending March 31, 2012; Provides Earnings Guidance for the Year Ending March 31, 2012
HOUSE FOODS GROUP INC. 
