1. Japan Stocks

  2. •

    Consumer non-durables

  3. •

    Food: specialty/candy
Yamazaki Baking Co., Ltd.

Yamazaki Baking Co., Ltd.

TTSE:2212
3,877.00
JPY
+9.00
(+0.23%)
631.47BMarket Cap
Oct 27Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
4,411.22
4,533.55
4,680.62
4,748.15
4,799.35
4,866.39
4,881.31
4,667.82
4,931.12
5,146.22
5,696.49
6,170.78
6,631.39
- -
Basic EPS, GAAP
51.64
54.89
50.56
82.82
114.41
62.17
63.75
32
48.6
59.1
146.19
178.58
206.78
- -
Free Cash Flow per Basic Share
62.63
142.27
93.66
117.92
28.11
6.73
89.7
46.71
86.04
58.32
161.04
140.35
129.33
- -
Dividend per Share
16
16.01
16.01
15.98
17.96
23.13
19.96
19.95
22.35
22.31
22.19
25.47
45.12
- -
Book Value per Share
1,154.11
1,120
1,240.75
1,270.39
1,440.77
1,439.72
1,505.36
1,520.24
1,609.57
1,743.41
1,942.84
2,072.34
2,327.86
2,394.83
Tangible Book Value per Share
1,012.11
997.03
1,130.28
1,171.67
1,351.66
1,358.42
1,402.21
1,421.42
1,504.99
1,631.42
1,838.85
1,975.82
2,236.18
2,304.32
Basic Weighted Avg Shares
220
219
219
219
219
218
217
217
214
209
206
202
198
197
Sales/Revenue/Turnover
968,280
995,011
1,027,199
1,041,943
1,053,164
1,059,442
1,061,152
1,014,741
1,052,972
1,077,009
1,175,562
1,244,488
1,311,430
- -
Operating Margin (%)
1.71
2.1
2.63
3.38
2.86
2.3
2.34
1.72
1.74
2.05
3.57
4.17
4.66
- -
Depreciation Expense
41,492
41,550
38,234
37,969
38,232
39,431
38,720
38,946
40,616
41,077
41,972
43,497
45,295
- -
Net Income, GAAP
11,335
12,048
11,095
18,175
25,106
13,534
13,858
6,956
10,378
12,368
30,168
36,015
40,893
- -
Effective Tax Rate (%)
25.58
50.19
52.3
40.04
25.89
38.57
36.54
51.34
37.46
37.59
30.97
31.46
29.42
- -
Profit Margin (%)
1.17
1.21
1.08
1.74
2.38
1.28
1.31
0.69
0.99
1.15
2.57
2.89
3.12
- -
Working Capital
1,119
19,284
17,664
11,409
48,755
32,462
37,766
39,293
54,698
53,980
56,910
71,451
91,314
99,012
LT Debt
56,286
63,784
45,840
31,468
44,836
33,055
25,762
19,480
34,003
27,255
20,972
37,066
44,110
40,120
Total Equity
275,595
268,318
295,613
302,920
345,741
342,552
358,415
362,382
382,216
407,895
446,131
460,486
510,827
523,540
Return on Invested Capital (%)
3.07
2.57
3.13
5.14
5.18
3.35
3.59
1.92
2.48
2.79
5.58
6.4
7.2
- -
Return on Capital (%)
2.93
3.01
2.63
4.32
4.78
2.97
3.08
1.44
1.92
2.2
5.73
6.34
6.69
- -
Return on Common Equity (%)
4.58
4.83
4.28
6.6
8.44
4.3
4.33
2.12
3.08
3.5
7.9
8.87
9.38
- -

Capital Structure

JPY

•

in mil. unless spec.
Jun'24
Mar'26
Jun'26
ST Debt
58,532
- -
57,546
LT Borrowings
13,398
- -
35,299
LT Finance Leases
4,534
- -
4,821
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
203
197
197
Market Capitalization
668,924
698,225
631,474

Working Capital

JPY

•

in mil. unless spec.
Jun'24
Mar'26
Jun'26
Total Current Assets
310,344
- -
349,333
Cash, Cash Equivalents & STI
139,275
- -
174,627
Accounts Receivable, Net
124,241
- -
118,117
Inventories
30,814
- -
39,099
Total Current Liabilities
247,128
- -
250,321
Payables & Accruals
- -
- -
- -
ST Debt
58,532
- -
57,546
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.71%
7.14%
10.93%
Free Cash Flow
125.18%
39.04%
-9.64%
Net Income, GAAP
25.36%
49.04%
13.54%
Sales/Revenue/Turnover
2.53%
5.29%
5.38%
Total Cash Common Dividend
11.79%
18.36%
73.71%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
306,658
311,089
- -
- -
1,244,488
2025
- -
- -
- -
- -
1,311,430
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
53.58
52.45
- -
- -
178.58
2025
- -
- -
- -
- -
206.78
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
25.47
2025
- -
- -
- -
- -
45.12
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Nobuhiro Iijima
Full Time Employees
33,545
Sector
Consumer non-durables
Industry
Food: specialty/candy
Address
10-1, Iwamotocho 3-chome Tokyo TY Japan 101-8585
IPO Date
Jul 20, 1962
Website
yamazakipan.co.jp
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Business
Yamazaki Baking Co., Ltd. manufactures and sells bread, sweet buns, donuts, hard rolls, pastries, Japanese- and Western-style confectionery including skewered rice dumplings, sweet bean filled rice cakes, pancake style sweets, steamed cakes, castella, yokan, swiss rolls, cream puffs, snack cakes and pound cakes; processed bread, noodles, prepared rice and side dishes; biscuits, crackers, sembei, rice-derived confectionery, chocolates, cookies, preserves such as strawberry and blueberry jams, marmalade, jelly, sweet bean and ready-to-eat curry in retort pouches; and beverages including coffee and juice under the Yamazaki brand, as well as fillings, cream, curry fillings, stuffing for Chinese filled buns, croquettes, meat patty and mayonnaise. The company, founded in 1948 and headquartered in Tokyo, Japan, operates through Food Business, Distribution Business and Other Business segments, with principal activities encompassing instore baking, convenience store operations via Daily Yamazaki, logistics, equipment design for food manufacturing, non-life insurance agency and cleaning services; it maintains over 30 production plants across Japan and distributes products nationwide through supermarkets, convenience stores, Yamazaki Shops, Saint Etoile outlets and general stores, while extending presence to Asia including Malaysia, Taiwan, Singapore, Thailand, Vietnam, Indonesia and China, and internationally through subsidiaries. Yamazaki controls key subsidiaries such as consolidated entities Fujiya Co., Ltd., Sun-Delica Co., Ltd., YK Baking Company, Ltd., Yamazaki Biscuits Co., Ltd., Vie de France Co., Ltd. and Tohato Inc., alongside affiliates like Yamazaki Biscuits (YBC) which produces Noir biscuits; recent developments include full consolidation of additional YK Baking subsidiaries in fiscal 2024, a 2024 partnership with Tom Cat Bakery for artisanal Japanese Milk Bread products in the US market featuring shokupan sandwich loaves, seeded rolls and burger buns, ongoing capital investments of ¥52 billion in fiscal 2024 rising to ¥59 billion planned for fiscal 2025 focused on facility upgrades and production efficiency, and net sales growth to ¥1,244.5 billion in fiscal 2024 with projections for ¥1,275 billion in fiscal 2025 amid strategic expansions in health-conscious offerings and supply chain resilience.