# Japan's Feed One lifts first-half operating profit 32.8% on livestock feed price revisions as fishmeal squeezes aquafeed

> Feed One, a Japanese feed maker, reported a 32.8% rise in first-half operating profit. Livestock feed volumes were flat, but higher selling prices lifted that segment's profit by 26.4%. Aquafeed profit fell by almost three-quarters as fishmeal costs rose.

- Date: 2026-11-05 · published 2026-11-05T15:06:12.824Z
- Category: market · region Japan · magnitude low
- Page: https://feedsoft.ai/events/81893-japan-s-feed-one-lifts-first-half-operating-profit-32-8-on-livestock-feed-price
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Costlier fishmeal is squeezing aquafeed margins, which signals tight fishmeal supply and firm prices for buyers. Feed price increases passed through to Japanese livestock feed point to continued cost pressure on feed users.

## Read by commodity

- FISHMEAL: bullish ▲

## Sources

- efeedlink.com: https://www.efeedlink.com/articles/japans-feed-one-lifts-first-half-operating-profit-32-8-on-livestock-feed-price-revisions-as-fishmeal-squeezes-aquafeed

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.