Japan Foods Holding Ltd. is expanding its regional network into the People's Republic of China via a joint venture with Ajisen Investments(International) Limited. The joint venture company, Highly Yield Limited - of which Japan Foods will hold a 20% stake and Ajisen Investments the remaining 80% - will be involved in the operating of "Menya Musashi" brand of restaurants in the PRC.

Japan Foods Holding Ltd. reported unaudited consolidated earnings results for the six months ended September 30, 2012. For the period, the company reported revenue of SGD 30,402,000 against SGD 26,203,000 a year ago. Profit from operations was SGD 3,527,000 against SGD 2,067,000 a year ago. Profit before income tax was SGD 3,579,000 against SGD 2,067,000 a year ago. Net profit for the year was SGD 2,941,000 or 2.55 cents per basic and diluted share against SGD 1,719,000 or 1.49 cents per basic and diluted share a year ago. Net cash provided by operating activities was SGD 5,516,000 against SGD 3,924,000 a year ago. This was mainly due to operating profit (after adjustments for non-cash items) of SGD 6.0 million and working capital inflows of SGD 0.3 million, partially offset by tax payment of SGD 0.8 million. Purchase of plant and equipment was SGD 1,547,000 against SGD 625,000 a year ago. Purchase of intangible assets was SGD 341,000. Net asset value per ordinary share as at September 30, 2012 for the group was 19.59 cents and for the company was 9.36 cents. The net increase in the Group's revenue was a result of an increase in revenue of SGD 2.0 million from the restaurants operating under the "Ajisen Ramen" brand and an increase in revenue of SGD 2.2 million from the restaurants operating under other brands. EBITDA was SGD 5.9 million against SGD 4.1 million a year ago. Return on equity was 26.1% against 16.7% a year ago. The company declared an interim tax exempt (one-tier) dividend of 0.90 cents per ordinary share for the six months ended September 30, 2012 compared to an interim dividend of 0.35 cents per ordinary share tax exempt (one-tier) for the same period a year ago. The payment date for the interim dividend will be November 28, 2012. Record date is November 15, 2012.

Japan Foods Holding Ltd. declared a interim dividend of 0.9 cents per ordinary share tax exempt (one-tier). The interim dividend will be paid on November 28, 2012 to shareholders of the company registered in the Register of Members of the company November 15, 2012.