Food Innovators Holdings returns to profitability in H1

Growth was driven by its Japan and Malaysia operations.

Food Innovators Holdings' (FIH) returned to profitability, posting a $206,000 net profit in the first of fiscal year 2026. 

This is an improvement from the 1.04m loss it incurred in the same period last year. 

FIH’s revenue rose by 10.5% to $23.84m, driven by its sublease business in Japan and its restaurant business expansion in Malaysia contributed to the higher revenue, it said.

Specifically, FIH’s revenue from its restaurant leasing and subleasing business grew by 17.8% year on year to $10.4m as the company expanded its sublease property portfolio.

Its food retail business recorded a 5.5% year-on-year growth, especially in Malaysia where revenue rose by 15.5% year on year to S$4.5m.

Whilst gross profit rose by 4.7% year on year to $3.8m, FIH saw its gross profit margin edged down by 0.8 points, citing initial operating costs incurred from five new restaurant openings during the period.

Japan, Singapore, and Malaysia continued to demonstrate strong food and beverage (F&B) sector growth, FIH said, citing industry data.

“Japan’s market projected to expand at a compound annual growth rate (CAGR) of approximately 10.29% between 2025 and 2033, Malaysia at approximately 7.95% from 2023 to 2027, and Singapore’s at approximately 18.7% from 2025 to 2030,” it said.

“We remain committed to curating quality Japanese brands across Asia, bringing authentic Japanese cuisine and dining culture to a wider audience,” said Kubota Yasuaki, FIH chief executive officer.