水産飼料事業の売上高は同4.7%増の135.33億円、セグメント利益は同27.3%減の4.44億円、セグメントEBITDAは同19.4%減の6.94億円となった。水産飼料の平均販売価格が前年同期を上回ったことで増収となったものの、売上原価の増加及び販売数量の微減等により減益となった。Feed One<2060> announced its consolidated financial results for the second quarter of the fiscal year ending March 2025 (April-September 24th year). Sales revenue decreased by 5.3% year-on-year to 148.298 billion yen, operating profit increased by 18.0% to 3.355 billion yen, ordinary profit increased by 20.0% to 3.805 billion yen, and interim net income attributable to parent company shareholders increased by 55.4% to 3.092 billion yen.
The company group is progressing with initiatives such as strengthening its sales structure, renewing and enhancing its production system and research facilities, challenging next-generation aquaculture, and building a business model through collaboration between livestock products and feed as part of the "Medium-term Management Plan 2026 - 1st STAGE for NEXT 10 YEARS" targeting the achievement for the fiscal year ending March 2025 as the first year.
Livestock feed business revenue decreased by 5.2% year-on-year to 116.275 billion yen, segment profit increased by 34.5% to 4.941 billion yen, and segment EBITDA increased by 26.4% to 6.198 billion yen. The decrease in average selling price of livestock feed compared to the same period last year led to a decline in revenue, while an increase in sales quantity and improvement in revenue environment resulted in profit growth.
Aquafeed business revenue increased by 4.7% to 13.533 billion yen, segment profit decreased by 27.3% to 0.444 billion yen, and segment EBITDA decreased by 19.4% to 0.694 billion yen. Although the average selling price of aquafeed exceeded the same period last year leading to increased revenue, cost of sales increase and a slight decrease in sales quantity resulted in profit decrease.
Regarding the full-year consolidated performance forecast for the fiscal year ending March 2025, sales revenue is expected to decrease by 2.2% compared to the previous period to 307 billion yen, operating profit is expected to decrease by 21.3% to 6.1 billion yen, ordinary profit is forecasted to decrease by 18.6% to 6.3 billion yen, and net income attributable to parent company shareholders is expected to decrease by 11.5% to 4.5 billion yen from the initial plan.
