今回は、2025年07月31日に掲載されたフィード・ワン<2060>のレポートを要約しました。
元レポートは下記の通りです。
フィード・ワン<2060>レポートPDF
出典元：FISCO
それでは早速見ていきましょう。
FEED ONE CO., LTD.: A Comprehensive Analysis and Financial Overview
Company Overview
FEED ONE CO., LTD. is a prominent player in the feed industry, specializing in the manufacturing and sale of compound feed crucial for livestock and marine product production. With a 15% market share in animal feed sales, the company has established itself as a key competitor in the market, second only to JA Zen-Noh.
Financial Performance
In the fiscal year ending 3/25, FEED ONE CO., LTD. experienced a slight decrease in net sales and operating profit. However, the company achieved a record high profit attributable to owners of the parent. Despite challenges in the animal feed business, the overall sales volume exceeded the previous year, and lower tax burdens helped offset the decline in profit.
Future Prospects
Looking ahead to FY3/26, the company anticipates growth in sales and operating profit across its animal feed, aquatic feed, and food business segments. This positive outlook is backed by strategic investments, including the construction of a new Aquatic Feed Factory, aimed at enhancing competitiveness and driving research and development initiatives.
Business Segments
FEED ONE CO., LTD. operates primarily in three key segments: animal feed, aquatic feed, and food. The company’s strong foothold in the animal feed business, complemented by its focus on sustainable aquaculture products and food processing, underscores its commitment to innovation and market diversification.
Financial Analysis
In FY3/25, the company’s balance sheet reflected a decrease in total assets, while liabilities and net assets exhibited contrasting trends. Despite fluctuations in financial metrics, FEED ONE CO., LTD. maintained a stable financial position with a current ratio of 159.6% and an equity ratio of 44.0%, positioning it well for planned capital investments.
Strategic Initiatives
The company’s long-term vision and management plan outline ambitious targets for FY3/34, including EBITDA of ¥16.0bn and a return on equity of 10%. To achieve these goals, FEED ONE CO., LTD. plans to invest approximately ¥60.0bn over the next six years, emphasizing sustained earnings growth and operational efficiency.
R&D and Innovation
With a focus on product development and research, the company continues to invest in cutting-edge solutions to enhance its product portfolio. The recent launch of “luminous,” a dairy cattle feed product aimed at optimizing milk production, exemplifies FEED ONE CO., LTD.’s commitment to driving innovation and meeting evolving market demands.
Shareholder Returns
In line with its shareholder returns policy, the company targets a consolidated dividend on equity ratio (DOE) of 3% to ensure stable returns for investors. Plans to increase the annual dividend to ¥42.0 in FY3/26 underscore FEED ONE CO., LTD.’s commitment to delivering value to its shareholders.
In conclusion, FEED ONE CO., LTD. stands out as a resilient player in the feed industry, leveraging strategic investments, innovation, and sustainable growth initiatives to secure its position as a market leader. With a strong financial foundation and a clear focus on delivering value to shareholders, the company is well-positioned for continued success in the dynamic landscape of the feed industry.
