FEED ONE CO.,LTD., First Half Ordinary Profit Increases by 20%, July-September Ordinary Profit Increases by 27%

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Fri Nov 8, 2024 3:30 pm JST Earnings

2060 FEED ONE CO.,LTD. 【J-GAAP】

Earnings Report

FEED ONE CO.,LTD. <2060> [TSE-P] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 20.0% from the same period last year, reaching 3.8 billion yen. The progress rate against the 6.3 billion yen full-year plan was 60.4%, also surpassing the five-year average of 41.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to drop by 45.4% from the same period last year to 2.49 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 27.2% from the same period last year, reaching 2.18 billion yen. The operating profit margin improved from 2.2% in the same period last year to 2.8%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	144,890	-99	103	-29	-0.8	6.0	Nov 8, 2022	J-GAAP
Apr - Sep, 2023	156,645	2,844	3,171	1,989	52.1	41.0	Nov 8, 2023	J-GAAP
Apr - Sep, 2024	148,298	3,355	3,805	3,092	80.8	60.4	Nov 8, 2024	J-GAAP
YoY	-5.3%	+18.0%	+20.0%	+55.5%	+55.2%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	14.50	Oct 29, 2024	J-GAAP
Apr - Sep, 2024 Results	148,298	3,355	3,805	3,092	80.8	14.50	Nov 8, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	157,230	4,904	4,566	3,095	81.0	14.50	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	158,702	2,745	2,495	1,408	36.8	15	Nov 8, 2024	J-GAAP
YoY	+0.9%	-44.0%	-45.4%	-54.5%	-54.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	307,911	1,422	1,711	1,030	27.0	25	May 12, 2023	J-GAAP
Mar, 2024	313,875	7,748	7,737	5,084	133.0	27	May 10, 2024	J-GAAP
Mar, 2025 Guidance	307,000	6,100	6,300	4,500	117.5	29.50	Oct 29, 2024	J-GAAP
YoY	-2.2%	-21.3%	-18.6%	-11.5%	-11.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	76,863	1,658	1,715	1,068	28.0	2.2	Nov 8, 2023	J-GAAP
Oct - Dec, 2023	81,724	2,219	1,977	1,268	33.2	2.7	Feb 8, 2024	J-GAAP
Jan - Mar, 2024	75,506	2,685	2,589	1,827	47.8	3.6	May 10, 2024	J-GAAP
Apr - Jun, 2024	74,288	1,297	1,623	1,304	34.1	1.7	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	74,010	2,058	2,182	1,788	46.7	2.8	Nov 8, 2024	J-GAAP
YoY	-3.7%	+24.1%	+27.2%	+67.4%	+67.1%