Feed One Co.,Ltd. Interim Financial Report for the Six-Month Period Ended March 2027 [Japanese GAAP] (Consolidated)

Overview of Results

For the interim period, consolidated net sales were 156,709 million yen (YoY +10.1%), and operating income increased significantly to 4,326 million yen (+32.8%). Ordinary income was 4,501 million yen (+21.2%), and net income attributable to owners of parent for the interim period was 3,276 million yen (+14.0%). By segment, livestock feed recorded higher sales and profits with net sales of 119,831 million yen, profit of 5,735 million yen, and EBITDA of 7,188 million yen. Aqua feed posted net sales of 15,990 million yen, profit of 176 million yen, and EBITDA of 483 million yen, with a decline in profit margins. Food showed improvement with net sales of 20,883 million yen, profit of 169 million yen, and EBITDA of 286 million yen. The Other segment remains small in scale.

Outlook and Dividends

The full-year earnings forecast and dividend forecast remain unchanged from the previous announcement. Based on interim results, management will continue to emphasize EBITDA as an additional financial indicator. The annual dividend for fiscal year 2027 is currently estimated at 52 yen per share (26 yen per half-year), with interim dividend at the first half-end undecided and only the year-end dividend disclosed.