Feed One Co., Ltd.

Feed One Co., Ltd.

TTSE:2060
1,440.00
JPY
-9.00
(-0.62%)
45.16BMarket Cap
Oct 29Next Earn
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
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
8,208.97
7,738.94
7,599.39
- -
Basic EPS, GAAP
62.02
58.56
99.9
75.39
118.27
97.62
112.76
94.64
26.99
132.96
140.82
166.72
- -
Free Cash Flow per Basic Share
-21.31
56.2
229.48
27.3
27.83
-158.27
17.81
3.03
-259.02
222.02
128.38
124.84
- -
Dividend per Share
10.74
15
19.99
22.48
22.5
22.56
37.48
25.11
25.34
25.19
29.12
42.2
- -
Book Value per Share
660.67
684.17
775.98
834.29
914.5
977.82
1,074.6
1,161.37
1,172.56
1,313.99
1,429.05
1,611.9
- -
Tangible Book Value per Share
648.79
675.39
768.42
824.45
905.38
967.89
1,065.38
1,147.48
1,148.57
1,273.69
1,388.44
1,576.75
- -
Basic Weighted Avg Shares
31
39
39
39
39
39
39
39
38
38
38
38
38
Sales/Revenue/Turnover
167,028
228,903
207,920
207,562
212,886
215,050
214,120
243,202
307,911
313,875
296,045
290,675
- -
Operating Margin (%)
1.74
1.53
2.32
1.79
1.94
2.52
2.65
1.77
0.46
2.47
2.14
2.78
- -
Depreciation Expense
1,494
2,098
1,857
2,372
2,395
2,513
3,157
3,198
3,235
3,291
3,621
3,932
- -
Net Income, GAAP
1,906
2,308
3,937
2,971
4,657
3,842
4,438
3,659
1,030
5,084
5,387
6,377
- -
Effective Tax Rate (%)
28.48
29.66
24.08
28.47
24.83
32.7
30.47
27.52
36.36
32.03
18.97
25.46
- -
Profit Margin (%)
1.14
1.01
1.89
1.43
2.19
1.79
2.07
1.5
0.33
1.62
1.82
2.19
- -
Working Capital
11,760
8,198
6,976
3,119
6,374
6,228
12,673
15,281
25,762
33,083
29,917
35,975
- -
LT Debt
16,219
10,343
6,391
3,743
3,322
5,907
11,983
11,237
19,866
21,780
14,938
23,888
- -
Total Equity
26,309
27,298
30,968
33,303
36,412
38,906
42,793
44,839
45,314
50,855
55,347
62,384
- -
Return on Invested Capital (%)
- -
4.35
6.98
5.23
6.01
6.43
6.19
4.65
1.2
6.26
6.08
6.96
- -
Return on Capital (%)
- -
4.37
7.74
6.06
9.38
7.08
7.12
5.6
1.49
6.26
6.53
7.64
- -
Return on Common Equity (%)
- -
8.71
13.68
9.36
13.52
10.32
10.99
8.45
2.31
10.7
10.27
10.97
- -

Capital Structure

JPY

•

in mil. unless spec.
Sep'26
Mar'26
Jun'27
ST Debt
2,760
1,447
- -
LT Borrowings
23,852
23,326
- -
LT Finance Leases
563
562
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
38
38
38
Market Capitalization
43,359
45,158
46,956

Working Capital

JPY

•

in mil. unless spec.
Sep'26
Mar'26
Jun'27
Total Current Assets
75,135
78,472
- -
Cash, Cash Equivalents & STI
10,098
11,138
- -
Accounts Receivable, Net
40,345
40,443
- -
Inventories
15,738
17,289
- -
Total Current Liabilities
38,320
42,497
- -
Payables & Accruals
- -
- -
- -
ST Debt
2,760
1,447
- -
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

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

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
296,045
2026
- -
- -
- -
- -
290,675
2027
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
140.82
2026
- -
- -
- -
- -
166.72
2027
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
29.12
2026
- -
- -
- -
- -
42.2
2027
- -
- -
- -
- -
- -

Company Description

CEO
Hidehiro Shoji
Full Time Employees
935
Sector
Process industries
Industry
Agricultural commodities/Milling
Address
Yokohama Symphostage West Tower Yokohama KN Japan 220-0012
IPO Date
Oct 1, 2014
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.