Feedone Co., Ltd.

Feedone Co., Ltd.

2060.T
Feedone Co., Ltd.JP flagTokyo Stock Exchange
1,272.00
JPY
+11.00
- -
48.68BMarket Cap
Feedone Co., Ltd.
2060.T
(Tokyo Stock Exchange)

Recent

price

1,272.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
5,434.92
5,808.07
5,275.68
5,266.65
5,406.27
5,464.09
5,440.18
6,290.23
8,067.61
8,209.28
7,739.93
7,598.85
4,110.41
Revenue per Share
62.02
58.56
99.9
75.39
118.27
97.62
112.76
94.64
26.99
132.97
140.84
166.71
80.91
Basic EPS, GAAP
-21.31
56.2
229.48
27.3
27.83
-158.27
17.81
3.03
-259.02
222.03
128.4
124.83
- -
Free Cash Flow per Basic Share
10.74
15
19.99
22.48
22.5
22.56
37.48
25.11
25.34
25.19
29.12
42.19
- -
Dividend per Share
474.16
413.31
239.48
544.32
640.54
717.48
792.63
876.33
889.58
995.84
1,106.9
1,231.27
1,061.36
Book Value per Share
840.84
683.87
778.21
835.18
915.57
978.61
1,078.03
1,146.02
1,163.28
1,289.76
1,406.44
1,595.69
1,348.31
Tangible Book Value per Share
31
39
39
39
39
39
39
39
38
38
38
38
38
Basic Weighted Avg Shares
167,028
228,903
207,920
207,562
212,886
215,050
214,120
243,202
307,911
313,875
296,045
290,675
157,230
Sales/Revenue/Turnover
1.74
1.53
2.32
1.79
1.94
2.52
2.65
1.77
0.46
2.47
2.14
2.78
3.12
Operating Margin (%)
1,494
2,098
1,857
2,372
2,395
2,513
3,157
3,198
3,235
3,291
3,621
3,932
- -
Depreciation Expense
1,906
2,308
3,937
2,971
4,657
3,842
4,438
3,659
1,030
5,084
5,387
6,377
3,095
Net Income, GAAP
28.48
29.66
24.08
28.47
24.83
32.7
30.47
27.52
36.36
32.03
18.97
25.46
31.87
Effective Tax Rate (%)
1.14
1.01
1.89
1.43
2.19
1.79
2.07
1.5
0.33
1.62
1.82
2.19
1.97
Profit Margin (%)
11,760
8,198
6,976
3,119
6,374
6,228
12,673
15,281
25,762
33,083
29,917
35,975
28,557
Working Capital
16,219
10,343
6,391
3,743
3,322
5,907
11,983
11,237
19,866
21,780
14,938
23,888
15,914
LT Debt
26,309
27,298
30,968
33,303
36,412
38,906
42,793
44,839
45,314
50,855
55,347
62,384
53,259
Total Equity
- -
4.35
6.98
5.23
6.01
6.43
6.19
4.65
1.2
6.26
6.08
6.97
4.12
Return on Invested Capital (%)
- -
5.44
11.14
8.98
12.02
8.74
8.59
6.69
1.74
7.27
7.65
9.06
4.65
Return on Capital (%)
- -
14.96
30.61
19.24
19.96
14.37
14.93
11.24
3.04
14.12
13.4
14.26
8.14
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
10,713
- -
12,927
LT Borrowings
21,178
- -
15,345
LT Finance Leases
602
- -
569
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
38
- -
38
Market Capitalization
37,306
36,492
33,967

Working Capital

FRC

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
88,204
- -
80,719
Cash, Cash Equivalents & STI
10,876
- -
9,534
Accounts Receivable, Net
51,829
- -
45,294
Inventories
16,897
- -
18,584
Total Current Liabilities
55,121
- -
52,162
Payables & Accruals
- -
- -
- -
ST Debt
10,713
- -
12,927
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.68%
7.92%
12.71%
Free Cash Flow
-942.12%
-1,772.73%
-2.77%
Net Income, GAAP
42.93%
65.71%
18.38%
Sales/Revenue/Turnover
2.85%
6.93%
-1.81%
Total Cash Common Dividend
- -
5.11%
44.88%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
79,782
76,863
81,724
75,506
313,875
2025
- -
- -
- -
- -
296,045
2026
- -
- -
- -
- -
290,675

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
24.12
- -
- -
- -
132.97
2025
- -
- -
- -
- -
140.84
2026
- -
- -
- -
- -
166.71

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
25.19
2025
- -
- -
- -
- -
29.12
2026
- -
- -
- -
- -
42.19
Business
Feedone Co., Ltd. (2060.T) manufactures and markets compound feeds for livestock and aquaculture while procuring, processing, and selling meat, eggs, seafood, and related products primarily in Japan. The company operates through three main segments: livestock feed, which includes poultry feeds for layers, breeders, broilers, and quail in forms such as mash and crumble; pig feeds covering nursery diets like creep feed and starter, grow-finish diets, and sow diets in granule, mash, pellet, and crumble forms; and cattle feeds encompassing milk replacer, starters, heifer feeds, dairy cattle products, and specialized beef and wagyu fattening feeds in granule, pellet, mash, flake, and roughage combinations; aquatic feed for farmed fish and marine species; food business involving production and sale of pigs, chicken eggs, chickens, livestock products, and marine products; and other operations such as farm-management consulting, veterinary services, saltwater fish farming, seed production, beekeeping feed, and real estate leasing. Feedone provides comprehensive livestock technical services including feeding hygiene management, disease control, and material introductions supported by nationwide branches, factories, research labs, and veterinarians. Founded in 2014 through the merger of Nippon Formula Feed (established 1929) and Kyodo Shiryo (1946), with headquarters in Yokohama, Kanagawa, Japan, the company maintains manufacturing facilities across Japan from Hokkaido to Kyushu and pursues overseas expansion in livestock and feed markets. Recent developments include the July 2024 relocation of its head office to Minatomirai, Nishi-ku, Yokohama; the April 2025 absorption mergers of Tomakomai Feed Co., Ltd. and Tohoku Shiryo Co., Ltd., renaming their facilities as Tomakomai Factory and Hachinohe Factory; ongoing construction of a JPY13 billion (USD91 million) aquafeed plant in Toyokawa set for completion in April 2028 to double capacity to 40,000 tonnes annually with advanced fishmeal-free, insect protein, and specialized feeds; new product launches such as patented FIBEGEAR DROP for automatic milking systems, genomic analysis services for dairy cattle, Nori Nori Pork feed, and Lumino Scratch synthetic milk; and a partnership with Feed Design Lab in the Netherlands to enhance feed processing technologies and talent development.