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FEED ONE, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 8%, Oct-Dec Ordinary Profit Decreases by 53%

Thu Feb 6, 2025 3:30 pm JST Earnings

2060 FEED ONE CO.,LTD. 【J-GAAP】

Earnings Report

FEED ONE CO.,LTD. <2060> [TSE Prime] announced its financial results after the market closed on February 6th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 8.2% from the same period last year to 4.72 billion yen. However, the progress rate toward the full-year plan of 6.3 billion yen was 75.0%, almost the same as the five-year average of 73.7%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to drop 39.3% from the same period last year to 1.57 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit significantly dropped to 0.92 billion yen, a 53.3% decrease compared to the same period last year. The operating profit margin worsened from 2.7% in the same period last year to 1.2%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 228,746 756 1,039 636 16.7 60.7 Feb 8, 2023 J-GAAP
Apr - Dec, 2023 238,369 5,063 5,148 3,257 85.2 66.5 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 225,521 4,271 4,728 3,711 97.0 75.0 Feb 6, 2025 J-GAAP
YoY -5.4% -15.6% -8.2% +13.9% +13.8%

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% -54.5%

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 4,500 117.7 29.50 Oct 29, 2024 J-GAAP
YoY -2.2% -21.3% -18.6% -11.5% -11.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Oct - Dec, 2024 77,223 916 923 619 16.2 1.2 Feb 6, 2025 J-GAAP
YoY -5.5% -58.7% -53.3% -51.2% -51.2%

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