Income Statement Feedforce Group Inc.

Stocks

7068

JP3803040009

IT Services & Consulting

Market Closed - Japan Exchange Other stock markets 02:30:00 2026-07-10 EDT			5-day change	1st Jan Change
548.00 ^JPY	+2.24%		-0.90%	-19.41%

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	2021	2022	2023	2024	2025
Revenues	2.59B	3B	3.97B	4.23B	4.37B
Total Revenues	2.59B	3B	3.97B	4.23B	4.37B
Cost of Goods Sold, Total	804M	904M	1.35B	1.42B	1.26B
Gross Profit	1.78B	2.1B	2.62B	2.8B	3.12B
Selling General & Admin Expenses, Total	890M	1.17B	1.59B	1.56B	1.52B
Provision for Bad Debts	3M	-	-2M	6M	3M
Other Operating Expenses, Total	893M	1.17B	1.59B	1.57B	1.52B
Operating Income	890M	931M	1.03B	1.24B	1.59B
Interest Expense, Total	-15M	-16M	-17M	-14M	-24M
Interest And Investment Income	-	1M	11M	1M	1M
Net Interest Expenses	-15M	-15M	-6M	-13M	-23M
Income (Loss) On Equity Invest.	-5M	-	-10M	-31M	-22M
Currency Exchange Gains (Loss)	-	-	-	1M	-
Other Non Operating Income (Expenses)	2M	-5M	6M	-28M	-21M
EBT, Excl. Unusual Items	872M	911M	1.02B	1.17B	1.53B
Gain (Loss) On Sale Of Investments	-	6M	20M	111M	-90M
Asset Writedown	-	-	-580M	-344M	-
Other Unusual Items	-	-	-2M	85M	9M
EBT, Incl. Unusual Items	872M	917M	458M	1.02B	1.45B
Income Tax Expense	372M	320M	432M	546M	444M
Earnings From Continuing Operations	500M	597M	26M	473M	1B
Net Income to Company	500M	597M	26M	473M	1B
Minority Interest	-28M	5M	86M	-	-
Net Income - (IS)	472M	602M	112M	473M	1B
Net Income to Common Incl Extra Items	472M	602M	112M	473M	1B
Net Income to Common Excl. Extra Items	472M	602M	112M	473M	1B
Per Share Items
Net EPS - Basic	18.85	23.17	4.31	18.22	39.67
Basic EPS - Continuing Operations	18.85	23.17	4.31	18.22	39.67
Basic Weighted Average Shares Outstanding	25.05M	25.98M	25.98M	25.96M	25.26M
Net EPS - Diluted	18.21	22.63	4.28	17.95	39.31
Diluted EPS - Continuing Operations	18.21	22.63	4.28	17.95	39.31
Diluted Weighted Average Shares Outstanding	25.97M	26.63M	26.37M	26.36M	25.5M
Normalized Basic EPS	20.64	22.11	27.85	28.09	37.79
Normalized Diluted EPS	19.9	21.57	27.43	27.67	37.42
Dividend Per Share	-	-	-	-	10
Payout Ratio	-	-	-	-	12.57
Supplemental Items
EBITDA	1.06B	1.14B	1.47B	1.44B	1.79B
EBITA	937M	1.01B	1.33B	1.3B	1.64B
EBIT	890M	931M	1.03B	1.24B	1.59B
Effective Tax Rate - (Ratio)	42.66	34.9	94.32	53.58	30.71
Normalized Net Income	517M	574M	724M	729M	954M
Supplemental Operating Expense Items
General and Administrative Expenses	111M	140M	214M	174M	142M
Research And Development Expense From Footnotes	38M	12M	-	-	-

Fiscal Period: May	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	3.19B	3.64B	2.6B	3.52B	4.23B
Total Cash And Short Term Investments	3.19B	3.64B	2.6B	3.52B	4.23B
Accounts Receivable, Total	1.3B	1.18B	1.54B	1.56B	1.72B
Total Receivables	1.3B	1.18B	1.54B	1.56B	1.72B
Other Current Assets, Total	419M	688M	1.11B	1.12B	472M
Total Current Assets	4.92B	5.5B	5.25B	6.2B	6.42B
Net Property Plant And Equipment	43M	73M	50M	72M	68M
Long-term Investments	92M	201M	303M	271M	159M
Goodwill	404M	1.26B	615M	263M	216M
Other Intangibles, Total	939M	830M	720M	611M	507M
Deferred Tax Assets Long-Term	72M	149M	181M	143M	276M
Other Long-Term Assets, Total	2M	1M	2M	1M	2M
Total Assets	6.47B	8.02B	7.12B	7.56B	7.65B
Liabilities
Accounts Payable, Total	1.53B	1.35B	1.64B	1.68B	1.32B
Accrued Expenses, Total	59M	34M	72M	73M	80M
Short-term Borrowings	-	500M	-	66M	1.2B
Current Portion of Long-Term Debt	170M	270M	270M	1.17B	-
Current Income Taxes Payable	259M	277M	312M	301M	334M
Other Current Liabilities	235M	431M	250M	202M	257M
Total Current Liabilities	2.26B	2.86B	2.54B	3.5B	3.19B
Long-Term Debt	1.51B	1.74B	1.47B	1B	1B
Deferred Tax Liability Non Current	300M	269M	216M	172M	136M
Other Non Current Liabilities	2M	2M	2M	3M	1M
Total Liabilities	4.07B	4.87B	4.23B	4.67B	4.33B
Common Stock, Total	465M	16M	30M	37M	61M
Additional Paid In Capital	1.36B	1.82B	1.51B	1.05B	574M
Retained Earnings	543M	1.15B	1.23B	1.7B	2.58B
Comprehensive Income and Other	33M	77M	94M	94M	106M
Total Common Equity	2.4B	3.06B	2.87B	2.89B	3.32B
Minority Interest	2M	87M	20M	-	-
Total Equity	2.4B	3.15B	2.89B	2.89B	3.32B
Total Liabilities And Equity	6.47B	8.02B	7.12B	7.56B	7.65B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	25.95M	26.16M	26.22M	25.33M	24.31M
ECS Total Common Shares Outstanding	25.91M	26.16M	25.69M	25.77M	25.03M
Book Value / Share	92.55	116.98	111.7	112.07	132.7
Tangible Book Value	1.06B	968M	1.54B	2.01B	2.6B
Tangible Book Value Per Share	40.72	37	59.74	78.16	103.82
Total Debt	1.68B	2.51B	1.74B	2.24B	2.2B
Net Debt	-1.51B	-1.13B	-856M	-1.29B	-2.03B
Minority Interest, Total (Incl. Fin. Div)	2M	87M	20M	-	-
Equity Method Investments, Total	-	-	-	-	-
Full Time Employees	138	218	224	229	194
Accumulated Allowance for Doubtful Accounts (Supple)	9M	10M	7M	14M	14M

Fiscal Period: May	2021	2022	2023	2024	2025
Net Income	874M	918M	458M	1.02B	1.45B
Depreciation & Amortization - CF	121M	127M	133M	146M	149M
Amortization of Goodwill and Intangible Assets - (CF)	47M	79M	303M	61M	47M
Depreciation & Amortization, Total	168M	206M	436M	207M	196M
(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)	5M	-	10M	31M	22M
Other Operating Activities, Total	-332M	-408M	-320M	-509M	-476M
Change In Accounts Receivable	-380M	225M	-359M	-28M	-158M
Change In Accounts Payable	924M	-160M	212M	-10M	-307M
Change in Other Net Operating Assets	74M	-152M	-654M	-105M	592M
Cash from Operations	1.33B	623M	175M	862M	1.4B
Capital Expenditure	-11M	-10M	-24M	-27M	-25M
Cash Acquisitions	-	-781M	-	-	-
Divestitures	-	14M	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-48M	-7M
Investment in Marketable and Equity Securities, Total	-	-105M	-	89M	15M
Other Investing Activities, Total	-	2M	-91M	60M	-26M
Cash from Investing	-11M	-880M	-115M	74M	-43M
Short Term Debt Issued, Total	-	500M	-	66M	1.13B
Long-Term Debt Issued, Total	-	490M	-	970M	-
Total Debt Issued	-	990M	-	1.04B	1.13B
Short Term Debt Repaid, Total	-180M	-	-500M	-	-
Long-Term Debt Repaid, Total	-170M	-345M	-270M	-570M	-1.17B
Total Debt Repaid	-350M	-345M	-770M	-570M	-1.17B
Issuance of Common Stock	33M	14M	22M	11M	35M
Repurchase of Common Stock	-	-	-299M	-483M	-500M
Common Dividends Paid	-	-	-	-	-126M
Common & Preferred Stock Dividends Paid	-	-	-	-	-126M
Other Financing Activities, Total	5M	40M	-	-4M	-23M
Cash from Financing	-312M	699M	-1.05B	-10M	-651M
Foreign Exchange Rate Adjustments	-	-	-2M	-	-
Miscellaneous Cash Flow Adjustments	-1M	1M	-50M	-	-1M
Net Change in Cash	1.01B	443M	-1.04B	926M	710M
Supplemental Items
Cash Interest Paid	15M	16M	17M	14M	23M
Cash Income Tax Paid (Refund)	334M	408M	323M	511M	478M
Levered Free Cash Flow	1.39B	629M	440M	862M	1.36B
Unlevered Free Cash Flow	1.4B	639M	451M	871M	1.38B
Change In Net Working Capital	-688M	139M	605M	35M	-218M
Net Debt Issued / Repaid	-350M	645M	-770M	466M	-37M

Fiscal Period: May	2021	2022	2023	2024	2025
Profitability
Return on Assets	9.52	8.03	8.5	10.54	13.09
Return on Total Capital	14.01	11.95	12.52	15.87	18.7
Return On Equity %	23.65	21.53	0.86	16.37	32.27
Return on Common Equity	28.14	22.06	3.78	16.43	32.27
Margin Analysis
Gross Profit Margin %	68.92	69.92	65.96	66.33	71.26
SG&A Margin	34.4	38.94	40.04	36.91	34.76
EBITDA Margin %	40.9	37.84	36.96	34.17	40.91
EBITA Margin %	36.22	33.61	33.61	30.72	37.5
EBIT Margin %	34.4	30.98	25.97	29.27	36.43
Income From Continuing Operations Margin %	19.33	19.87	0.66	11.18	22.91
Net Income Margin %	18.24	20.03	2.82	11.18	22.91
Net Avail. For Common Margin %	18.24	20.03	2.82	11.18	22.91
Normalized Net Income Margin	19.98	19.11	18.24	17.25	21.82
Levered Free Cash Flow Margin	53.8	20.93	11.1	20.38	31.16
Unlevered Free Cash Flow Margin	54.16	21.26	11.37	20.59	31.5
Asset Turnover
Asset Turnover	0.44	0.41	0.52	0.58	0.57
Fixed Assets Turnover	59.47	51.81	64.49	69.33	62.47
Receivables Turnover (Average Receivables)	2.32	2.42	2.92	2.73	2.67
Short Term Liquidity
Current Ratio	2.18	1.92	2.07	1.77	2.01
Quick Ratio	1.99	1.68	1.63	1.45	1.86
Operating Cash Flow to Current Liabilities	0.59	0.22	0.07	0.25	0.44
Days Sales Outstanding (Average Receivables)	157.32	150.74	125.07	134.14	136.93
Average Days Payable Outstanding	499.61	581.62	403.66	426.79	436.58
Long Term Solvency
Total Debt/Equity	70	79.76	60.21	77.42	66.23
Total Debt / Total Capital	41.18	44.37	37.58	43.64	39.84
LT Debt/Equity	62.92	55.29	50.86	34.63	30.1
Long-Term Debt / Total Capital	37.01	30.76	31.75	19.52	18.11
Total Liabilities / Total Assets	62.89	60.76	59.4	61.79	56.59
EBIT / Interest Expense	59.33	58.19	60.59	88.43	66.38
EBITDA / Interest Expense	70.53	71.06	86.24	103.21	74.54
(EBITDA - Capex) / Interest Expense	69.8	70.44	84.82	101.29	73.5
Total Debt / EBITDA	1.59	2.21	1.19	1.55	1.23
Net Debt / EBITDA	-1.43	-0.99	-0.58	-0.89	-1.14
Total Debt / (EBITDA - Capex)	1.6	2.23	1.21	1.58	1.25
Net Debt / (EBITDA - Capex)	-1.45	-1	-0.59	-0.91	-1.15
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	69.53	16.16	31.98	6.63	3.4
Gross Profit, 1 Yr. Growth %	78.12	17.84	24.51	7.22	11.09
EBITDA, 1 Yr. Growth %	117.25	7.47	28.94	-1.43	23.81
EBITA, 1 Yr. Growth %	115.4	7.79	31.98	-2.55	26.25
EBIT, 1 Yr. Growth %	113.94	4.61	10.63	20.19	28.68
Earnings From Cont. Operations, 1 Yr. Growth %	94.55	19.4	-95.64	1.72K	111.84
Net Income, 1 Yr. Growth %	189.57	27.54	-81.4	322.32	111.84
Normalized Net Income, 1 Yr. Growth %	276.68	11.1	25.96	0.81	30.85
Diluted EPS Before Extra, 1 Yr. Growth %	161.17	24.27	-81.09	319.39	119
Accounts Receivable, 1 Yr. Growth %	40.56	-9.52	30.53	1.43	10.19
Net Property, Plant and Equip., 1 Yr. Growth %	-2.27	69.77	-31.51	44	-5.56
Total Assets, 1 Yr. Growth %	23.91	24	-11.22	6.18	1.24
Tangible Book Value, 1 Yr. Growth %	-294.29	-8.25	58.57	31.21	29.05
Common Equity, 1 Yr. Growth %	150.57	27.61	-6.21	0.63	15.03
Cash From Operations, 1 Yr. Growth %	214.39	-53.26	-71.91	392.57	62.99
Capital Expenditures, 1 Yr. Growth %	-	-9.09	140	12.5	-7.41
Levered Free Cash Flow, 1 Yr. Growth %	-	-54.82	-30.01	95.85	58.08
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-54.41	-29.45	93.18	58.21
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	40.33	23.82	18.63	5.01
Gross Profit, 2 Yr. CAGR %	-	44.88	21.13	15.55	9.14
EBITDA, 2 Yr. CAGR %	-	52.8	17.71	12.73	10.47
EBITA, 2 Yr. CAGR %	-	52.38	19.27	13.41	10.92
EBIT, 2 Yr. CAGR %	-	49.6	7.58	15.31	24.36
Earnings From Cont. Operations, 2 Yr. CAGR %	-	52.41	-77.2	-10.99	520.79
Net Income, 2 Yr. CAGR %	-	92.18	-51.29	-11.36	199.11
Normalized Net Income, 2 Yr. CAGR %	-	104.57	18.3	12.69	14.85
Diluted EPS Before Extra, 2 Yr. CAGR %	-	80.16	-51.52	-10.94	203.06
Accounts Receivable, 2 Yr. CAGR %	-	12.78	8.68	15.07	5.72
Net Property, Plant and Equip., 2 Yr. CAGR %	-	28.81	7.83	-0.69	16.62
Total Assets, 2 Yr. CAGR %	-	23.96	4.92	-2.91	3.68
Tangible Book Value, 2 Yr. CAGR %	-	33.52	20.62	44.24	30.12
Common Equity, 2 Yr. CAGR %	-	78.82	9.4	-2.85	7.59
Cash From Operations, 2 Yr. CAGR %	-	21.22	-63.77	17.63	183.35
Capital Expenditures, 2 Yr. CAGR %	-	-	47.71	64.32	2.06
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-43.77	17.08	75.95
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-43.28	16.75	74.82
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	37.49	17.8	13.32
Gross Profit, 3 Yr. CAGR %	-	-	37.74	16.3	14.04
EBITDA, 3 Yr. CAGR %	-	-	44.39	10.95	16.31
EBITA, 3 Yr. CAGR %	-	-	45.25	11.5	17.54
EBIT, 3 Yr. CAGR %	-	-	35.28	11.63	19.61
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-53.4	-1.83	18.84
Net Income, 3 Yr. CAGR %	-	-	-11.76	0.07	18.51
Normalized Net Income, 3 Yr. CAGR %	-	-	74.04	12.16	18.44
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-15.01	-0.48	20.21
Accounts Receivable, 3 Yr. CAGR %	-	-	18.41	6.21	13.42
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	4.35	18.75	-2.34
Total Assets, 3 Yr. CAGR %	-	-	10.9	5.34	-1.55
Tangible Book Value, 3 Yr. CAGR %	-	-	41.4	24.05	38.99
Common Equity, 3 Yr. CAGR %	-	-	44.21	6.39	2.78
Cash From Operations, 3 Yr. CAGR %	-	-	-25.55	-13.52	31.14
Capital Expenditures, 3 Yr. CAGR %	-	-	-	34.89	35.72
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-14.76	29.4
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-14.67	29.19
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	23.44
Gross Profit, 5 Yr. CAGR %	-	-	-	-	25.5
EBITDA, 5 Yr. CAGR %	-	-	-	-	29.72
EBITA, 5 Yr. CAGR %	-	-	-	-	30.4
EBIT, 5 Yr. CAGR %	-	-	-	-	30.8
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	31.28
Net Income, 5 Yr. CAGR %	-	-	-	-	43.79
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	47.38
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	41.33
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	13.16
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	9.1
Total Assets, 5 Yr. CAGR %	-	-	-	-	7.96
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	36.77
Common Equity, 5 Yr. CAGR %	-	-	-	-	28.26
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	27.08