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Japanese maker of curry roux, spices and health foods, known for House Vermont Curry and Java Curry brands.
Japanese maker of curry roux, spices and health foods, known for House Vermont Curry and Java Curry brands.
Sells curry roux and other packaged foods through supermarkets and wholesalers, relying on steady repeat buying by households. Key raw materials such as palm oil and wheat flour move its costs, and it adjusts prices accordingly. Overseas, a US unit makes and sells tofu.
In one line: Japan's McCormick & Company for curry/spices.
Moat: narrow (brand, distribution). Dominant curry roux brand recognition and retail distribution in Japan.
Headquarters: Osaka, Japan · Founded: 1913 · Employees: 6,564
Size House Foods (2810.T) is a Japan Consumer Staples company (Food: Specialty/Candy) with a market value of $2.58B, the 403rd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,475 on 6 Nov 2026.
Performance Over six months the shares gained 48.9%, against -1.1% for the median peer and +1.8% for the Japan market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue was unchanged over the last twelve months (peer median +6.1%); the operating margin is 6.0% (peer median 9.0%).
Valuation It trades at 27.2× forward earnings against a peer median of 18.0× (7th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is +0 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.3 points below its cost of capital (5.0% WACC).
Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥316B | ¥317B | ¥315B | ¥300B | ¥275B |
| Revenue growth | — | 0% | +5% | +9% | — |
| Gross profit | ¥119B | ¥118B | ¥115B | ¥108B | ¥97.9B |
| EBITDA | ¥32.4B | ¥31.9B | ¥34.1B | ¥33.1B | ¥28.6B |
| Net income | ¥10.7B | ¥7.36B | ¥12.5B | ¥17.6B | ¥13.7B |
| Free cash flow | n/a | ¥11.5B | ¥13.4B | ¥15.2B | ¥5.40B |
| Capital expenditure | n/a | ¥14.5B | ¥15.1B | ¥12.7B | ¥15.2B |
| Total debt | ¥18.8B | ¥18.8B | ¥20.4B | ¥12.4B | ¥10.7B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| House Foods 2810.T | $2.58B | +49% | 0% | 6% | 27.2× | 5.0% |
| S&B Foods 2805.T | $1.16B | +53% | +7% | 9% | 16.8× | -1.8% |
| Ajinomoto 2802.T | $25.3B | -16% | +7% | 11% | 29.4× | 19.2% |
| McCormick & MKC | $13.0B | 0% | +13% | 17% | 15.9× | 3.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 2810.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.8% | +1.5% | 5th highest of 21 |
| 6-month return | +48.9% | -1.1% | 3rd highest of 21 |
| Distance from 52-week high | -6.0% | -15.7% | 6th highest of 21 |
| Revenue growth (TTM) | 0.0% | +6.1% | 5th lowest of 21 |
| Operating margin | 6.0% | 9.0% | 6th lowest of 21 |
| Forward P/E | 27.2× | 18.0× | 7th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 5.0% | 2.9% | 9th most demanding of 18 |
| Growth delivered (Del g) | +4.9% | +9.0% | 4th lowest of 18 |
| Hurdle (Req g minus delivered) | +0.1 pp | -4.9 pp | 7th most demanding of 18 |
| ROIC minus cost of capital | -0.3 pp | +2.8 pp | 6th lowest of 21 |
| EV / EBITDA | 11.3× | 9.8× | 7th most expensive of 16 |
| Net debt / EBITDA | -2.2× | 0.8× | 2nd least indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| House Foods 2810.T | Japan | $2.58B | +49% | 0% | 6% | 27.2× | 5.0% | +4.9% |
| Suedzucker SZU.DE | Germany | $2.57B | -5% | -5% | -3% | 34.2× | 0.7% | +4.6% |
| Kotobuki Spirits 2222.T | Japan | $2.81B | +41% | +10% | 25% | 29.3× | 5.2% | +27.7% |
| Lotus 600186.SS | China | $2.37B | -18% | +21% | 13% | 35.2× | n/a | n/a |
| CALBEE 2229.T | Japan | $2.37B | +7% | +5% | 8% | 22.0× | -1.8% | +5.0% |
| Kanematsu 8020.T | Japan | $2.35B | +2% | +4% | 5% | 9.6× | -2.4% | +10.5% |
| Premier Foods PFD.L | United Kingdom | $2.34B | +3% | +2% | 18% | 12.6× | -1.3% | +4.4% |
| Marzetti MZTI | United States | $2.86B | -8% | -1% | 11% | 15.6× | -2.4% | +5.6% |
| Yantai North Andre Juice 605198.SS | China | $2.31B | +16% | -17% | 18% | 66.5× | 36.8% | +14.8% |
| Tootsie Roll Industries TR | United States | $2.92B | -8% | +2% | 12% | n/a | 14.1% | +9.2% |
| Gambol Pet 301498.SZ | China | $2.25B | -32% | +14% | 7% | 43.6× | n/a | n/a |
| Sichuan Teway Food 603317.SS | China | $2.24B | -18% | +22% | 21% | 20.4× | 2.9% | +7.8% |
| MeiHua 600873.SS | China | $2.99B | -27% | -3% | 4% | 14.5× | n/a | n/a |
| Weilong Delicious Global 9985.HK | Hong Kong | $2.22B | -20% | +13% | 25% | 9.6× | -6.3% | +11.1% |
| Freshpet FRPT | United States | $3.09B | +21% | +12% | 9% | 34.9× | 28.5% | +28.2% |
| Greggs GRG.L | United Kingdom | $3.20B | +42% | +7% | 9% | 18.1× | 10.5% | +21.5% |
| Greencore GNC.L | United Kingdom | $3.23B | +31% | +26% | 6% | 14.3× | 22.4% | +9.0% |
| UTZ Brands UTZ | United States | $2.05B | +90% | +2% | 4% | 17.9× | 31.8% | +8.3% |
| Chongqing Fuling Zhacai 002507.SZ | China | $2.04B | -6% | +3% | 28% | 18.0× | -0.9% | +1.4% |
| Tate & Lyle TATE.L | United Kingdom | $3.34B | +53% | +16% | 9% | 15.2× | 10.8% | +10.6% |
| Nissui 1332.T | Japan | $1.97B | -16% | +8% | 4% | 10.8× | 0.9% | +8.7% |