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Feed ONEFEED ONE CO.,LTD.2060東証プライム食料品FY ending Mar 2026, consolidated, J-GAAP

Feed ONE revenue and profit

Out of every ¥100 of sales, about ¥3 is left as operating profit. Revenue changed -1.8% from the prior year, operating profit +27.6%.

Five-year trend

Revenue¥290.7B
FY ending Mar 2022: ¥243.2B¥243.2BFY ending Mar 2023: ¥307.9B¥307.9BFY ending Mar 2024: ¥313.9B¥313.9BFY ending Mar 2025: ¥296B¥296BFY ending Mar 2026: ¥290.7B¥290.7BFY22FY23FY24FY25FY26
Operating income¥8.09B
FY ending Mar 2022: ¥4.29B¥4.29BFY ending Mar 2023: ¥1.42B¥1.42BFY ending Mar 2024: ¥7.75B¥7.75BFY ending Mar 2025: ¥6.34B¥6.34BFY ending Mar 2026: ¥8.09B¥8.09BFY22FY23FY24FY25FY26
Operating margin2.8%
FY ending Mar 2022: 1.8%1.8%FY ending Mar 2023: 0.5%0.5%FY ending Mar 2024: 2.5%2.5%FY ending Mar 2025: 2.1%2.1%FY ending Mar 2026: 2.8%2.8%FY22FY23FY24FY25FY26

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin2.2%
Asset turnover2.26×
ROA5.0%
ROA5.0%
Financial leverage2.37×
ROE11.7%

Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.

Net margin2.2%
2022: 1.5%1.5%2023: 0.3%0.3%2024: 1.6%1.6%2025: 1.8%1.8%2026: 2.2%2.2%2223242526
Asset turnover2.26×
2022: 2.24×2.24×2023: 2.60×2.60×2024: 2.42×2.42×2025: 2.32×2.32×2026: 2.26×2.26×2223242526
ROA5.0%
2022: 3.4%3.4%2023: 0.9%0.9%2024: 3.9%3.9%2025: 4.2%4.2%2026: 5.0%5.0%2223242526
Financial leverage2.37×
2022: 2.50×2.50×2023: 2.72×2.72×2024: 2.84×2.84×2025: 2.56×2.56×2026: 2.37×2.37×2223242526
ROE11.7%
2022: 8.4%8.4%2023: 2.4%2.4%2024: 11.2%11.2%2025: 10.8%10.8%2026: 11.7%11.7%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20221.5%2.24×3.4%2.50×8.4%
20230.3%2.60×0.9%2.72×2.4%
20241.6%2.42×3.9%2.84×11.2%
20251.8%2.32×4.2%2.56×10.8%
20262.2%2.26×5.0%2.37×11.7%

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue13.3%
2021: 16.1%16.1%2022: 13.8%13.8%2023: 10.3%10.3%2024: 9.6%9.6%2025: 10.6%10.6%2026: 13.3%13.3%212223242526
PPE ÷ total assets29.2%
2021: 34.8%34.8%2022: 30.9%30.9%2023: 24.8%24.8%2024: 23.0%23.0%2025: 25.2%25.2%2026: 29.2%29.2%212223242526

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

R&D spending¥954M
2021: ¥752M¥752M2022: ¥755M¥755M2023: ¥790M¥790M2024: ¥853M¥853M2025: ¥917M¥917M2026: ¥954M¥954M212223242526
R&D / revenue0.3%
2021: 0.4%0.4%2022: 0.3%0.3%2023: 0.3%0.3%2024: 0.3%0.3%2025: 0.3%0.3%2026: 0.3%0.3%212223242526
Receivable days51d
2021: 59d59d2022: 61d61d2023: 61d61d2024: 60d60d2025: 53d53d2026: 51d51d212223242526
Payable days44d
2021: 49d49d2022: 51d51d2023: 47d47d2024: 44d44d2025: 40d40d2026: 44d44d212223242526

R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.

Income statement (JPY millions)

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue243,202307,911313,875296,045290,675
Cost of revenue220,490285,218283,153264,171256,828
Gross profit22,71222,69330,72131,87433,847
SG&A18,41821,27022,97225,53125,755
Operating income4,2931,4227,7486,3438,091
Pretax income5,0901,6397,5246,7748,603
Income tax1,4015962,4101,2852,190
Net income attributable to owners3,6591,0305,0845,3876,377
Operating margin1.8%0.5%2.5%2.1%2.8%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

8%
Receivables 31%
Property, plant and equipment 29%
1%
Investment securities 10%
Other assets 21%

Funding

Trade payables 23%
Other liabilities 30%
Equity 47%
0%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥3.44B¥7.32B¥10.8B¥10.3B¥11.1B
Total assets¥108.5B¥127.9B¥131B¥124.2B¥133B
Net assets¥44.8B¥45.3B¥50.9B¥55.3B¥62.4B
Share capital¥10B¥10B¥10B¥10B¥10B
Trade receivables¥40.4B¥51.4B¥51.8B¥43.2B¥40.4B
Property, plant and equipment¥33.5B¥31.7B¥30.2B¥31.3B¥38.8B
Intangible assets excluding goodwill¥530M¥916M¥1.54B¥1.55B¥1.34B
Investment securities¥8.21B¥8.53B¥10.1B¥10.4B¥13.6B
Current assets¥65.3B¥85.8B¥88.2B¥80.1B¥78.5B
Current liabilities¥50B¥60.1B¥55.1B¥50.2B¥42.5B
Trade payables¥30.9B¥36.5B¥34.4B¥29.1B¥31.1B
Short-term borrowings¥11.3B¥16.8B¥10.6B¥12.9B¥1.29B
Long-term borrowings¥10.5B¥19.2B¥21.2B¥14.4B¥23.3B
Total liabilities¥63.7B¥82.6B¥80.2B¥68.8B¥70.6B
Non-controlling interests¥534M¥546M¥576M¥723M¥698M
Equity attributable to owners of parent¥43.3B¥43.4B¥47.6B¥51.9B¥56.7B
Retained earnings¥23.9B¥24B¥28.1B¥32.3B¥37.1B
Treasury stock-¥271M-¥244M-¥173M-¥210M-¥172M

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第12期(2025/04/01－2026/03/31)

    ID S100YC1Q2026-06-16Open

  • EDINET (FSA Japan)

    有価証券報告書－第11期(2024/04/01－2025/03/31)

    ID S100VYJ32025-06-17Open

  • EDINET (FSA Japan)

    有価証券報告書－第10期(2023/04/01－2024/03/31)

    ID S100TO562024-06-21Open

  • EDINET (FSA Japan)

    有価証券報告書－第9期(2022/04/01－2023/03/31)

    ID S100R0ZR2023-06-23Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第8期(令和3年4月1日－令和4年3月31日)

    ID S100OWR12022-08-09Open

  • EDINET (FSA Japan)

    有価証券報告書－第7期(令和2年4月1日－令和3年3月31日)

    ID S100LOVN2021-06-25Open

Extracted from XBRL: 54 / Derived from other figures: 1

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