kabutan

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

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%.

Kabutan News

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% -54.5%

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
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%

Related Articles