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FEED ONE CO
(2060)
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Rating:67Neutral
Price Target:
¥1,324.00
▲(3.20% Upside)
Action:Reiterated
Date:05/12/26
The score is driven primarily by strong valuation (low P/E and solid dividend yield) and improving financial fundamentals (profitability recovery and lower leverage), offset by weak technical momentum and lingering concerns around soft revenue trends and inconsistent free-cash-flow conversion.
Positive Factors
Improving leverage
A steady decline in leverage reduces refinancing and solvency risk and increases financial flexibility. Over the next 2–6 months this supports capital allocation choices (capex, debt paydown, dividends) and lowers vulnerability to interest or demand shocks.
Negative Factors
Soft revenue trend
Recurring modest revenue declines undermine operating leverage and limit scope for margin expansion. If top-line stagnation persists, long-term margin recovery and cash generation will be harder to sustain without new product or market gains.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving leverage
A steady decline in leverage reduces refinancing and solvency risk and increases financial flexibility. Over the next 2–6 months this supports capital allocation choices (capex, debt paydown, dividends) and lowers vulnerability to interest or demand shocks.
Read all positive factors
FEED ONE CO (2060) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥47.59B
Dividend Yield3.57%
Average Volume (3M)74.33K
Price to Earnings (P/E)7.5
Beta (1Y)0.62
Revenue Growth1.16%
EPS Growth13.57%
CountryJP
Employees935
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)166.71
Shares Outstanding38,477,127
10 Day Avg. Volume82,570
30 Day Avg. Volume74,333
Financial Highlights & Ratios
PEG Ratio0.38
Price to Book (P/B)0.73
Price to Sales (P/S)0.16
P/FCF Ratio9.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
FEED ONE CO Business Overview & Revenue Model
Company Description
Feedone Co., Ltd., headquartered in Yokohama, Japan, is a global enterprise specializing in animal nutrition. Established in 2014 and known as Feed One Holdings Co., Ltd. until its name change in October 2015, the company's core business encompass...
How the Company Makes Money
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FEED ONE CO Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
70
Positive
Cash Flow
54
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 290.68B | 296.05B | 313.88B | 307.91B | 243.20B |
| Gross Profit | 33.85B | 31.87B | 30.72B | 22.69B | 22.71B |
| EBITDA | 12.79B | 10.59B | 11.00B | 5.03B | 8.38B |
| Net Income | 6.38B | 5.39B | 5.08B | 1.03B | 3.66B |
Balance Sheet | |||||
| Total Assets | 133.02B | 124.17B | 131.04B | 127.91B | 108.50B |
| Cash, Cash Equivalents and Short-Term Investments | 11.14B | 10.34B | 10.88B | 7.38B | 3.50B |
| Total Debt | 25.34B | 27.95B | 32.49B | 36.80B | 22.71B |
| Total Liabilities | 70.63B | 68.82B | 80.18B | 82.59B | 63.66B |
| Stockholders Equity | 61.69B | 54.62B | 50.28B | 44.77B | 44.31B |
Cash Flow | |||||
| Free Cash Flow | 4.75B | 4.91B | 8.49B | -9.89B | 116.00M |
| Operating Cash Flow | 17.07B | 8.57B | 11.14B | -7.82B | 2.74B |
| Investing Cash Flow | -11.78B | -3.27B | -2.17B | -1.19B | -952.00M |
| Financing Cash Flow | -4.48B | -5.83B | -5.47B | 12.88B | -1.17B |
FEED ONE CO Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥57.00B | 6.86 | ― | 3.25% | 2.77% | 119.37% | |
71 Outperform | ¥20.50B | 11.77 | ― | 2.54% | 5.68% | -81.28% | |
69 Neutral | ¥547.49B | 18.62 | ― | 2.93% | 1.68% | -11.62% | |
67 Neutral | ¥47.59B | 7.50 | 11.01% | 3.55% | 1.16% | 13.57% | |
67 Neutral | ¥71.94B | 13.12 | ― | 3.43% | 3.11% | -17.81% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
58 Neutral | ¥68.23B | 14.28 | ― | 3.77% | 0.83% | -17.00% |
* Consumer Defensive Sector Average
JP:2060
FEED ONE CO
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FEED ONE CO Corporate Events
FEED ONE outlines Q1 FY2027 results and full-year outlook
Jul 30, 2026
FEED ONE CO., LTD. has released materials for its Q1 fiscal year ending March 2027 financial results briefing, outlining performance for the first quarter and an updated full-year earnings forecast. The disclosure signals continued transparency to...
FEED ONE boosts quarterly profits and raises dividend outlook
Jul 30, 2026
FEED ONE CO., LTD., a Tokyo-listed agribusiness company specializing in feed and related livestock supply operations, reported consolidated net sales of ¥78.4 billion for the three months ended June 30, 2026, up 9.0% year on year. Operating p...
FEED ONE Details Governance and Independence Amid Close Ties to Mitsui
Jun 19, 2026
FEED ONE CO., LTD. has clarified its relationship with major shareholder Mitsui Co., Ltd., which holds 25.71% of its voting rights and is treated as an equity-method affiliate. While Mitsui supplies feed raw materials and acts as a sales agent, t...
FEED ONE Sets Out Earnings and Strategy Roadmap for FYE3/2027
Jun 1, 2026
FEED ONE CO., LTD. outlined its full-year financial results for the fiscal year ending March 2026 and shared its earnings, financial, and management strategies for the year ending March 2027. Led by President Hidehiro Shoji and Senior Managing Exe...
FEED ONE Marks 10th Anniversary with Record Profits and Higher Dividends
May 8, 2026
FEED ONE CO., LTD. marked the 10th anniversary of its corporate integration with record-high profits at all levels in the fiscal year ended March 2026, despite a 1.8% year-on-year decline in net sales to ¥290.6 billion. Ordinary profit rose 2...
Feed One Boosts Profits, Cash Flow and Dividends Despite Lower Sales
May 8, 2026
Feed One Co., Ltd. reported consolidated net sales of ¥290.7 billion for the fiscal year ended March 31, 2026, down 1.8% year on year, while operating profit rose 27.6% to ¥8.1 billion and profit attributable to owners of parent increase...
FEED ONE Lifts Earnings and Dividend Forecast on Strong Feed Business Performance
Apr 30, 2026
FEED ONE CO., LTD. has raised its full-year consolidated earnings forecast for the fiscal year ended March 31, 2026, citing continued strong performance in its livestock and aquaculture feed operations. The company now expects net sales of ¥2...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.