Income Statement Feedforce Group Inc.

Stocks

7068

JP3803040009

IT Services & Consulting

Market Closed - Japan Exchange 10:30:00 11/09/2026 +04			5-day change	1st Jan Change
590.00 ^JPY	+1.03%		-1.67%	-13.24%

07-03	Feedforce Group Inc. Announces Year End Dividend for the Fiscal Year Ended May 31, 2026, Payable on August 7, 2026; Provides Dividend Guidance for the Second Quarter Ending November 30, 2026	CI
07-03	Feedforce Group Inc. Provides Consolidated Earnings Guidance for the Six Months Ending November 30, 2026 and Fiscal Year Ending May 31, 2027	CI

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Published financial data: FEEDFORCE GROUP INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: May	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Revenues	3B	3.97B	4.23B	4.37B	4.91B
Total Revenues	3B	3.97B	4.23B	4.37B	4.91B
Cost of Goods Sold, Total	904M	1.35B	1.42B	1.26B	1.42B
Gross Profit	2.1B	2.62B	2.8B	3.12B	3.49B
Selling General & Admin Expenses, Total	1.17B	1.59B	1.56B	1.52B	1.5B
Provision for Bad Debts	-	-2M	6M	3M	6M
Other Operating Expenses, Total	1.17B	1.59B	1.57B	1.52B	1.51B
Operating Income	931M	1.03B	1.24B	1.59B	1.98B
Interest Expense, Total	-16M	-17M	-14M	-24M	-29M
Interest And Investment Income	1M	11M	1M	1M	7M
Net Interest Expenses	-15M	-6M	-13M	-23M	-22M
Income (Loss) On Equity Invest.	-	-10M	-31M	-22M	-
Currency Exchange Gains (Loss)	-	-	1M	-	-
Other Non Operating Income (Expenses)	-5M	6M	-28M	-21M	-4M
EBT, Excl. Unusual Items	911M	1.02B	1.17B	1.53B	1.96B
Gain (Loss) On Sale Of Investments	6M	20M	111M	-90M	-
Asset Writedown	-	-580M	-344M	-	-1M
Other Unusual Items	-	-2M	85M	9M	28M
EBT, Incl. Unusual Items	917M	458M	1.02B	1.45B	1.98B
Income Tax Expense	320M	432M	546M	444M	539M
Earnings From Continuing Operations	597M	26M	473M	1B	1.44B
Net Income to Company	597M	26M	473M	1B	1.44B
Minority Interest	5M	86M	-	-	-
Net Income - (IS)	602M	112M	473M	1B	1.44B
Net Income to Common Incl Extra Items	602M	112M	473M	1B	1.44B
Net Income to Common Excl. Extra Items	602M	112M	473M	1B	1.44B
Per Share Items
Net EPS - Basic	23.17	4.31	18.22	39.67	59.58
Basic EPS - Continuing Operations	23.17	4.31	18.22	39.67	59.58
Basic Weighted Average Shares Outstanding	25.98M	25.98M	25.96M	25.26M	24.25M
Net EPS - Diluted	22.63	4.28	17.95	39.31	59.18
Diluted EPS - Continuing Operations	22.63	4.28	17.95	39.31	59.18
Diluted Weighted Average Shares Outstanding	26.63M	26.37M	26.36M	25.5M	24.42M
Normalized Basic EPS	22.11	27.85	28.09	37.79	50.43
Normalized Diluted EPS	21.57	27.43	27.67	37.42	50.09
Dividend Per Share	-	-	-	10	15
Payout Ratio	-	-	-	12.57	16.96
Supplemental Items
EBITDA	1.14B	1.47B	1.44B	1.79B	2.19B
EBITA	1.01B	1.33B	1.3B	1.64B	2.03B
EBIT	931M	1.03B	1.24B	1.59B	1.98B
Effective Tax Rate - (Ratio)	34.9	94.32	53.58	30.71	27.17
Normalized Net Income	574M	724M	729M	954M	1.22B
Supplemental Operating Expense Items
General and Administrative Expenses	140M	214M	174M	142M	106M
Research And Development Expense From Footnotes	12M	-	-	-	-

Fiscal Period: May	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Assets
Cash And Equivalents	3.64B	2.6B	3.52B	4.23B	4.7B
Total Cash And Short Term Investments	3.64B	2.6B	3.52B	4.23B	4.7B
Accounts Receivable, Total	1.18B	1.54B	1.56B	1.72B	2.06B
Total Receivables	1.18B	1.54B	1.56B	1.72B	2.06B
Other Current Assets, Total	688M	1.11B	1.12B	472M	525M
Total Current Assets	5.5B	5.25B	6.2B	6.42B	7.29B
Net Property Plant And Equipment	73M	50M	72M	68M	72M
Long-term Investments	201M	303M	271M	159M	166M
Goodwill	1.26B	615M	263M	216M	245M
Other Intangibles, Total	830M	720M	611M	507M	397M
Deferred Tax Assets Long-Term	149M	181M	143M	276M	333M
Other Long-Term Assets, Total	1M	2M	1M	2M	2M
Total Assets	8.02B	7.12B	7.56B	7.65B	8.5B
Liabilities
Accounts Payable, Total	1.35B	1.64B	1.68B	1.32B	1.61B
Accrued Expenses, Total	34M	72M	73M	80M	96M
Short-term Borrowings	500M	-	66M	1.2B	1.3B
Current Portion of Long-Term Debt	270M	270M	1.17B	-	-
Current Income Taxes Payable	277M	312M	301M	334M	365M
Other Current Liabilities	431M	250M	202M	257M	256M
Total Current Liabilities	2.86B	2.54B	3.5B	3.19B	3.63B
Long-Term Debt	1.74B	1.47B	1B	1B	1B
Deferred Tax Liability Non Current	269M	216M	172M	136M	88M
Other Non Current Liabilities	2M	2M	3M	1M	2M
Total Liabilities	4.87B	4.23B	4.67B	4.33B	4.72B
Common Stock, Total	16M	30M	37M	61M	41M
Additional Paid In Capital	1.82B	1.51B	1.05B	574M	-
Retained Earnings	1.15B	1.23B	1.7B	2.58B	3.64B
Comprehensive Income and Other	77M	94M	94M	106M	98M
Total Common Equity	3.06B	2.87B	2.89B	3.32B	3.78B
Minority Interest	87M	20M	-	-	-
Total Equity	3.15B	2.89B	2.89B	3.32B	3.78B
Total Liabilities And Equity	8.02B	7.12B	7.56B	7.65B	8.5B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	26.16M	26.22M	25.33M	24.31M	23.94M
ECS Total Common Shares Outstanding	26.16M	25.69M	25.77M	25.03M	23.94M
Book Value / Share	116.98	111.7	112.07	132.7	158.05
Tangible Book Value	968M	1.54B	2.01B	2.6B	3.14B
Tangible Book Value Per Share	37	59.74	78.16	103.82	131.24
Total Debt	2.51B	1.74B	2.24B	2.2B	2.3B
Net Debt	-1.13B	-856M	-1.29B	-2.03B	-2.4B
Minority Interest, Total (Incl. Fin. Div)	87M	20M	-	-	-
Equity Method Investments, Total	-	-	-	-	-
Full Time Employees	218	224	229	194	206
Accumulated Allowance for Doubtful Accounts (Supple)	10M	7M	14M	14M	21M

Fiscal Period: May	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Net Income	918M	458M	1.02B	1.45B	1.98B
Depreciation & Amortization - CF	127M	133M	146M	149M	159M
Amortization of Goodwill and Intangible Assets - (CF)	79M	303M	61M	47M	47M
Depreciation & Amortization, Total	206M	436M	207M	196M	206M
(Gain) Loss From Sale Of Asset	-	390M	344M	-	-
(Gain) Loss on Sale of Investments - (CF)	-6M	2M	-86M	90M	-
(Income) Loss On Equity Investments - (CF)	-	10M	31M	22M	-
Other Operating Activities, Total	-408M	-320M	-509M	-476M	-642M
Change In Accounts Receivable	225M	-359M	-28M	-158M	-346M
Change In Accounts Payable	-160M	212M	-10M	-307M	297M
Change in Other Net Operating Assets	-152M	-654M	-105M	592M	1M
Cash from Operations	623M	175M	862M	1.4B	1.5B
Capital Expenditure	-10M	-24M	-27M	-25M	-40M
Cash Acquisitions	-781M	-	-	-	-69M
Divestitures	14M	-	-	-	-
Sale (Purchase) of Intangible assets	-	-	-48M	-7M	-
Investment in Marketable and Equity Securities, Total	-105M	-	89M	15M	-20M
Other Investing Activities, Total	2M	-91M	60M	-26M	-1M
Cash from Investing	-880M	-115M	74M	-43M	-130M
Short Term Debt Issued, Total	500M	-	66M	1.13B	100M
Long-Term Debt Issued, Total	490M	-	970M	-	-
Total Debt Issued	990M	-	1.04B	1.13B	100M
Short Term Debt Repaid, Total	-	-500M	-	-	-
Long-Term Debt Repaid, Total	-345M	-270M	-570M	-1.17B	-
Total Debt Repaid	-345M	-770M	-570M	-1.17B	-
Issuance of Common Stock	14M	22M	11M	35M	46M
Repurchase of Common Stock	-	-299M	-483M	-500M	-800M
Common Dividends Paid	-	-	-	-126M	-245M
Common & Preferred Stock Dividends Paid	-	-	-	-126M	-245M
Other Financing Activities, Total	40M	-	-4M	-23M	-3M
Cash from Financing	699M	-1.05B	-10M	-651M	-902M
Foreign Exchange Rate Adjustments	-	-2M	-	-	-
Miscellaneous Cash Flow Adjustments	1M	-50M	-	-1M	-1M
Net Change in Cash	443M	-1.04B	926M	710M	467M
Supplemental Items
Cash Interest Paid	16M	17M	14M	23M	29M
Cash Income Tax Paid (Refund)	408M	323M	511M	478M	641M
Levered Free Cash Flow	629M	440M	862M	1.36B	1.33B
Unlevered Free Cash Flow	639M	451M	871M	1.38B	1.35B
Change In Net Working Capital	139M	605M	35M	-218M	60M
Net Debt Issued / Repaid	645M	-770M	466M	-37M	100M

Fiscal Period: May	2022 (JPY)	2023 (JPY)	2024 (JPY)	2025 (JPY)	2026 (JPY)
Profitability
Return on Assets	8.03	8.5	10.54	13.09	15.34
Return on Total Capital	11.95	12.52	15.87	18.7	21.36
Return On Equity %	21.53	0.86	16.37	32.27	40.67
Return on Common Equity	22.06	3.78	16.43	32.27	40.67
Margin Analysis
Gross Profit Margin %	69.92	65.96	66.33	71.26	71.13
SG&A Margin	38.94	40.04	36.91	34.76	30.64
EBITDA Margin %	37.84	36.96	34.17	40.91	44.56
EBITA Margin %	33.61	33.61	30.72	37.5	41.33
EBIT Margin %	30.98	25.97	29.27	36.43	40.37
Income From Continuing Operations Margin %	19.87	0.66	11.18	22.91	29.42
Net Income Margin %	20.03	2.82	11.18	22.91	29.42
Net Avail. For Common Margin %	20.03	2.82	11.18	22.91	29.42
Normalized Net Income Margin	19.11	18.24	17.25	21.82	24.9
Levered Free Cash Flow Margin	20.93	11.1	20.38	31.16	27.02
Unlevered Free Cash Flow Margin	21.26	11.37	20.59	31.5	27.39
Asset Turnover
Asset Turnover	0.41	0.52	0.58	0.57	0.61
Fixed Assets Turnover	51.81	64.49	69.33	62.47	70.17
Receivables Turnover (Average Receivables)	2.42	2.92	2.73	2.67	2.6
Short Term Liquidity
Current Ratio	1.92	2.07	1.77	2.01	2.01
Quick Ratio	1.68	1.63	1.45	1.86	1.86
Operating Cash Flow to Current Liabilities	0.22	0.07	0.25	0.44	0.41
Days Sales Outstanding (Average Receivables)	150.74	125.07	134.14	136.93	140.48
Average Days Payable Outstanding	581.62	403.66	426.79	436.58	377.61
Long Term Solvency
Total Debt/Equity	79.76	60.21	77.42	66.23	60.78
Total Debt / Total Capital	44.37	37.58	43.64	39.84	37.8
LT Debt/Equity	55.29	50.86	34.63	30.1	26.43
Long-Term Debt / Total Capital	30.76	31.75	19.52	18.11	16.44
Total Liabilities / Total Assets	60.76	59.4	61.79	56.59	55.49
EBIT / Interest Expense	58.19	60.59	88.43	66.38	68.38
EBITDA / Interest Expense	71.06	86.24	103.21	74.54	75.48
(EBITDA - Capex) / Interest Expense	70.44	84.82	101.29	73.5	74.1
Total Debt / EBITDA	2.21	1.19	1.55	1.23	1.05
Net Debt / EBITDA	-0.99	-0.58	-0.89	-1.14	-1.1
Total Debt / (EBITDA - Capex)	2.23	1.21	1.58	1.25	1.07
Net Debt / (EBITDA - Capex)	-1	-0.59	-0.91	-1.15	-1.12
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	16.16	31.98	6.63	3.4	12.33
Gross Profit, 1 Yr. Growth %	17.84	24.51	7.22	11.09	12.13
EBITDA, 1 Yr. Growth %	7.47	28.94	-1.43	23.81	22.36
EBITA, 1 Yr. Growth %	7.79	31.98	-2.55	26.25	23.78
EBIT, 1 Yr. Growth %	4.61	10.63	20.19	28.68	24.48
Earnings From Cont. Operations, 1 Yr. Growth %	19.4	-95.64	1.72K	111.84	44.21
Net Income, 1 Yr. Growth %	27.54	-81.4	322.32	111.84	44.21
Normalized Net Income, 1 Yr. Growth %	11.1	25.96	0.81	30.85	28.16
Diluted EPS Before Extra, 1 Yr. Growth %	24.27	-81.09	319.39	119	50.55
Accounts Receivable, 1 Yr. Growth %	-9.52	30.53	1.43	10.19	19.83
Net Property, Plant and Equip., 1 Yr. Growth %	69.77	-31.51	44	-5.56	5.88
Total Assets, 1 Yr. Growth %	24	-11.22	6.18	1.24	11.09
Tangible Book Value, 1 Yr. Growth %	-8.25	58.57	31.21	29.05	20.89
Common Equity, 1 Yr. Growth %	27.61	-6.21	0.63	15.03	13.91
Cash From Operations, 1 Yr. Growth %	-53.26	-71.91	392.57	62.99	6.76
Capital Expenditures, 1 Yr. Growth %	-9.09	140	12.5	-7.41	60
Levered Free Cash Flow, 1 Yr. Growth %	-54.82	-30.01	95.85	58.08	-2.6
Unlevered Free Cash Flow, 1 Yr. Growth %	-54.41	-29.45	93.18	58.21	-2.34
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	50
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	40.33	23.82	18.63	5.01	7.77
Gross Profit, 2 Yr. CAGR %	44.88	21.13	15.55	9.14	11.61
EBITDA, 2 Yr. CAGR %	52.8	17.71	12.73	10.47	23.08
EBITA, 2 Yr. CAGR %	52.38	19.27	13.41	10.92	25.01
EBIT, 2 Yr. CAGR %	49.6	7.58	15.31	24.36	26.56
Earnings From Cont. Operations, 2 Yr. CAGR %	52.41	-77.2	-10.99	520.79	74.78
Net Income, 2 Yr. CAGR %	92.18	-51.29	-11.36	199.11	74.78
Normalized Net Income, 2 Yr. CAGR %	104.57	18.3	12.69	14.85	29.5
Diluted EPS Before Extra, 2 Yr. CAGR %	80.16	-51.52	-10.94	203.06	81.57
Accounts Receivable, 2 Yr. CAGR %	12.78	8.68	15.07	5.72	14.9
Net Property, Plant and Equip., 2 Yr. CAGR %	28.81	7.83	-0.69	16.62	0
Total Assets, 2 Yr. CAGR %	23.96	4.92	-2.91	3.68	6.05
Tangible Book Value, 2 Yr. CAGR %	33.52	20.62	44.24	30.12	24.9
Common Equity, 2 Yr. CAGR %	78.82	9.4	-2.85	7.59	14.47
Cash From Operations, 2 Yr. CAGR %	21.22	-63.77	17.63	183.35	31.91
Capital Expenditures, 2 Yr. CAGR %	-	47.71	64.32	2.06	21.72
Levered Free Cash Flow, 2 Yr. CAGR %	-	-43.77	17.08	75.95	24.09
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-43.28	16.75	74.82	24.3
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	37.49	17.8	13.32	7.39
Gross Profit, 3 Yr. CAGR %	-	37.74	16.3	14.04	10.13
EBITDA, 3 Yr. CAGR %	-	44.39	10.95	16.31	14.3
EBITA, 3 Yr. CAGR %	-	45.25	11.5	17.54	15.05
EBIT, 3 Yr. CAGR %	-	35.28	11.63	19.61	24.4
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-53.4	-1.83	18.84	281.62
Net Income, 3 Yr. CAGR %	-	-11.76	0.07	18.51	134.54
Normalized Net Income, 3 Yr. CAGR %	-	74.04	12.16	18.44	19.13
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-15.01	-0.48	20.21	140.02
Accounts Receivable, 3 Yr. CAGR %	-	18.41	6.21	13.42	10.22
Net Property, Plant and Equip., 3 Yr. CAGR %	-	4.35	18.75	-2.34	12.92
Total Assets, 3 Yr. CAGR %	-	10.9	5.34	-1.55	6.1
Tangible Book Value, 3 Yr. CAGR %	-	41.4	24.05	38.99	26.97
Common Equity, 3 Yr. CAGR %	-	44.21	6.39	2.78	9.65
Cash From Operations, 3 Yr. CAGR %	-	-25.55	-13.52	31.14	104.65
Capital Expenditures, 3 Yr. CAGR %	-	-	34.89	35.72	18.56
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-14.76	29.4	44.47
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-14.67	29.19	43.98
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	23.44	13.68
Gross Profit, 5 Yr. CAGR %	-	-	-	25.5	14.4
EBITDA, 5 Yr. CAGR %	-	-	-	29.72	15.65
EBITA, 5 Yr. CAGR %	-	-	-	30.4	16.72
EBIT, 5 Yr. CAGR %	-	-	-	30.8	17.38
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	31.28	23.65
Net Income, 5 Yr. CAGR %	-	-	-	43.79	25.08
Normalized Net Income, 5 Yr. CAGR %	-	-	-	47.38	18.79
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	41.33	26.58
Accounts Receivable, 5 Yr. CAGR %	-	-	-	13.16	9.6
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	9.1	10.86
Total Assets, 5 Yr. CAGR %	-	-	-	7.96	5.62
Tangible Book Value, 5 Yr. CAGR %	-	-	-	36.77	24.39
Common Equity, 5 Yr. CAGR %	-	-	-	28.26	9.55
Cash From Operations, 5 Yr. CAGR %	-	-	-	27.08	2.39
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	29.46
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	-0.95
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	-0.81