In aquaculture of species with a large body size, such as tuna and yellowtail, a major profitability concern is that broodstock management for egg collection incurs high feeding costs and labor. In order to reduce feeding costs, development of restricted feeding techniques without affecting the reproductive performance may be useful. To gain a better understanding of the potential significance of capital energy in reproduction of large fish with income breeding patterns, we examined the effects of long-term restricted feeding prior to the onset of oocyte development on reproductive performance in female yellowtail (Seriola quinqueradiata). A control group was fed to satiety, while experimental groups were restricted to 50 and 25% of the ration administered to the control group from July to December. The females subjected to restricted feeding had lower ovary weight and smaller ovarian follicles than did the control females in February. Moreover, plasma 17β-estradiol levels in food-restricted females were significantly lower than those in normally fed females in January and February. Furthermore, we found that food-restricted females had lower pituitary gene expression levels of gonadotropins (follicle-stimulating hormone and luteinizing hormone) in January. These results suggest that severe food restriction during the immature phase delays initiation of oocyte development via an alteration in pituitary gonadotropin production in yellowtail females. Once food intake was sufficient after switching to the satiation feeding regime, however, oocyte development rapidly advanced, resulting in the production of fully functional eggs. Overall, these findings demonstrate that the yellowtail displays a mixed strategy of capital-breeding patterns at the onset of sexual maturation, but stronger income-breeding patterns with its progression in reproduction with energy acquired during the vitellogenic phase. Additionally, food deprivation over 6months by 50% of the amount of food required for satiation during the immature phase did not change reproductive performance in female yellowtail, although the females in the 25% feeding group showed a lower percentage of normally hatching eggs. Therefore, a 50% restricted feeding regime before the onset of sexual maturation is acceptable for reducing feeding costs in broodstock management without affecting reproductive performance.