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FEED ONE, First Half Ordinary Profit Decreases by 2%

Fri Oct 31, 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 October 31st (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) was 3.71 billion yen, a 2.4% decrease compared to the same period last year. Progress toward the full-year plan of 7.00 billion yen was 53.1%, also surpassing the five-year average of 45.0%.

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 grow 10.1% from the same period last year, reaching 3.28 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.85 billion yen, a 15.1% decrease compared to the same period last year. The operating profit margin remained almost flat, changing from 2.8% in the same period last year to 2.5%.

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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, 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 56.0 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 142,344 3,257 3,714 2,873 75.2 53.1 Oct 31, 2025 J-GAAP
YoY -4.0% -2.9% -2.4% -7.1% -7.0%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 21 May 8, 2025 J-GAAP
Apr - Sep, 2025 Results 142,344 3,257 3,714 2,873 75.2 21 Oct 31, 2025 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, 2024 147,747 2,988 2,984 2,295 60.0 21 May 8, 2025 J-GAAP
Oct - Mar, 2025 Guidance 168,656 3,543 3,286 2,327 60.8 21 Oct 31, 2025 J-GAAP
YoY +14.2% +18.6% +10.1% +1.4% +1.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 313,875 7,748 7,737 5,084 133.0 27 May 10, 2024 J-GAAP
Mar, 2025 296,045 6,343 6,789 5,387 140.8 35.50 May 8, 2025 J-GAAP
Mar, 2026 Guidance 311,000 6,800 7,000 5,200 135.9 42 May 8, 2025 J-GAAP
YoY +5.1% +7.2% +3.1% -3.5% -3.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jan - Mar, 2025 70,524 2,072 2,061 1,676 43.8 2.9 May 8, 2025 J-GAAP
Apr - Jun, 2025 71,973 1,476 1,862 1,637 42.9 2.1 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 70,371 1,781 1,852 1,236 32.3 2.5 Oct 31, 2025 J-GAAP
YoY -4.9% -13.5% -15.1% -30.9% -30.8%

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