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Employees: 935
Size Feed One (2060.T) is a Japan Consumer Staples company (Agricultural Commodities/Milling) with a market value of $310M, the 1344th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,309 on 6 Nov 2026.
Performance Over six months the shares gained 17.5%, against -12.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 5.2% over the last twelve months (peer median -1.4%); the operating margin is 3.0% (peer median 1.5%).
Valuation It trades at 0.2× enterprise value to sales against a peer median of 1.4× (2nd cheapest of 20).
Price implies For today's price to make sense, revenue must grow about -9% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -16 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.3 points above its cost of capital (5.4% WACC).
Next results Next results expected around 1 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥305B | ¥291B | ¥296B | ¥314B | ¥308B |
| Revenue growth | — | -2% | -6% | +2% | — |
| Gross profit | ¥35.3B | ¥33.8B | ¥31.9B | ¥30.7B | ¥22.7B |
| EBITDA | ¥13.2B | ¥12.0B | ¥9.96B | ¥11.0B | ¥4.66B |
| Net income | ¥6.78B | ¥6.38B | ¥5.39B | ¥5.08B | ¥1.03B |
| Free cash flow | n/a | ¥4.75B | ¥4.91B | ¥8.48B | -¥9.87B |
| Capital expenditure | n/a | ¥12.3B | ¥3.66B | ¥2.65B | ¥2.07B |
| Total debt | ¥26.2B | ¥25.3B | ¥27.9B | ¥32.5B | ¥36.8B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 2060.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.9% | -3.4% | 10th lowest of 21 |
| 6-month return | +17.5% | -12.4% | 5th highest of 21 |
| Distance from 52-week high | -12.7% | -29.7% | 4th highest of 21 |
| Revenue growth (TTM) | +5.2% | -1.4% | 7th highest of 21 |
| Operating margin | 3.0% | 1.5% | 10th highest of 21 |
| EV / Sales | 0.2× | 1.4× | 2nd cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | -9.4% | 6.1% | 3rd least demanding of 13 |
| Growth delivered (Del g) | +6.3% | +4.3% | 4th highest of 13 |
| Hurdle (Req g minus delivered) | -15.7 pp | +3.4 pp | 4th least demanding of 13 |
| ROIC minus cost of capital | +2.3 pp | -3.3 pp | 3rd highest of 20 |
| Net debt / EBITDA | 1.3× | 2.0× | 7th least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Feed One 2060.T | Japan | $310M | +18% | +5% | 3% | 0.2× | -9.4% | +6.3% |
| Andfjord Salmon Group AS ANDF.OL | Norway | $321M | -10% | +5,368% | -233% | 90.0× | n/a | n/a |
| Canopy Growth WEED.TO | Canada | $293M | -41% | +7% | -25% | 1.2× | n/a | n/a |
| Lontrue 300175.SZ | China | $330M | -25% | +29% | -7% | 6.1× | 9.9% | -0.4% |
| Forafric Global AFRI | United States | $334M | +22% | -36% | -1% | n/a | n/a | n/a |
| Zoneco 002069.SZ | China | $343M | -15% | -16% | 4% | 3.0× | n/a | n/a |
| SNDL SNDL | United States | $344M | -1% | -2% | -1% | 0.5× | 0.2% | +71.7% |
| Aurora Cannabis ACB.TO | Canada | $347M | +57% | -19% | -57% | 1.2× | n/a | n/a |
| Dahu Health Industry 600257.SS | China | $350M | -20% | -4% | 11% | 3.1× | 9.8% | -0.4% |
| Village Farms International VFF | United States | $352M | +12% | -24% | 16% | 1.4× | n/a | n/a |
| Indofood Agri Resources 5JS.SI | Singapore | $355M | -24% | +8% | 18% | 0.9× | -18.0% | +4.0% |
| Daodaoquan Grain & Oil 002852.SZ | China | $359M | -20% | +5% | 1% | 0.5× | 13.2% | +3.3% |
| Shandong Minhe Animal Husbandry Co,.Ltd 002234.SZ | China | $362M | -20% | +5% | -4% | 1.6× | 30.3% | +5.2% |
| Mewah International MV4.SI | Singapore | $259M | -29% | -4% | 2% | 0.1× | -8.8% | +10.4% |
| Kaveri Seed KSCL.NS | India | $373M | -32% | -3% | 18% | 2.5× | n/a | n/a |
| Chubu Shiryo 2053.T | Japan | $375M | +17% | +6% | 3% | 0.2× | -10.0% | +3.2% |
| Okamura Foods 2938.T | Japan | $377M | -3% | +21% | 9% | 2.0× | n/a | n/a |
| Raisio RAIKV.HE | Finland | $379M | -17% | 0% | 11% | 1.2× | -4.1% | -0.8% |
| MGP Ingredients CASK | United States | $380M | +3,438% | -16% | 11% | 1.5× | 2.4% | +6.3% |
| Select Harvests SHV.AX | Australia | $390M | +13% | -6% | -6% | 2.7× | 27.3% | +16.3% |
| Nippon Beet Sugar Manufacturing 2108.T | Japan | $391M | +24% | 0% | 1% | 0.8× | 40.4% | +4.6% |