House Foods sells Delica Chef for 90 bn yen, buys back shares

House Foods Group will transfer all shares of its consolidated subsidiary, Delica Chef Co., and its related assets to Musashino Co. for 90 billion yen. The transaction, decided on September 2, 2025, is expected to be completed by January 15, 2026. This divestiture aligns with House Foods' strategic focus on core growth areas. Delica Chef's manufacturing expertise for convenience stores will complement Musashino's existing operations.

Delica Chef, established in August 1985, specialized in manufacturing prepared foods, salads, desserts, and baked goods for Seven-Eleven Japan. In the fiscal year ended March 2025, Delica Chef reported 18,848 million yen in net sales and a net loss of 77 million yen. The asset transfer includes land and buildings for the Kuki and Narashino factories.

Concurrently, House Foods Group announced the status of its own share acquisition program. From August 1 to August 31, 2025, the company acquired 351,800 shares of common stock for a total of 997,017,450 yen through market purchases on the Tokyo Stock Exchange. The cumulative total of shares acquired under the current resolution is 1,342,600 shares, at a total cost of 3,779,776,250 yen. The buyback program, approved on May 8, 2025, allows for the acquisition of up to 4,300,000 shares, with a maximum value of 10,000,000,000 yen, until March 6, 2026.