1. Japan Stocks

  2. •

    Consumer non-durables

  3. •

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

First Baking Co., Ltd.

TTSE:2215
619.00
JPY
+1.00
(+0.16%)
4.15BMarket Cap
Nov 13Next Earn
First Baking Co., Ltd.
TSE:2215
(Tokyo Stock Exchange)

Recent

price

619.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
JPY
4,003.76
3,856.78
3,580.44
3,566.84
3,604.13
3,621.34
3,855.25
3,842.16
3,631.73
3,574.84
3,469.41
3,446.74
3,546.17
3,819.2
3,926.24
4,182.48
- -
Revenue per Share
-143.5
5.05
-33.07
74.96
43.76
21.66
59.22
8.23
-76.69
-79.58
-53.15
-106.74
-165.38
68.46
296.82
46.22
- -
Basic EPS, GAAP
-192.96
61.67
6.5
66
90.12
66.87
94.89
-55.03
-33.8
-80.88
-52
-76.55
20.51
25.71
16.47
-198.75
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
1,099.01
1,104.94
1,079.98
1,177.93
1,197
1,284.68
1,345.23
1,355.49
1,292.38
1,214.96
1,180.88
1,081.08
843.65
897.1
1,163.3
1,235.52
1,265.56
Book Value per Share
1,092.22
1,097.57
1,065.83
1,165.37
1,184
1,264.75
1,323.42
1,332.67
1,273.32
1,200.95
1,170.48
1,071.55
836.14
889.59
1,155.64
1,228.88
1,258.78
Tangible Book Value per Share
7
7
7
7
7
7
7
7
7
7
7
7
7
7
7
7
7
Basic Weighted Avg Shares
27,119
26,706
24,792
24,697
24,955
25,074
26,693
26,602
25,145
24,751
24,021
23,864
24,552
26,442
27,183
28,957
- -
Sales/Revenue/Turnover
1.86
5.29
5.49
8.08
7.95
7.22
1.76
-0.15
-2.26
-2.24
-1.92
-2.64
-2.22
2.27
2.23
1.62
- -
Operating Margin (%)
1,011
991
906
670
687
650
667
650
680
670
673
598
575
517
521
548
- -
Depreciation Expense
-972
35
-229
519
303
150
410
57
-531
-551
-368
-739
-1,145
474
2,055
320
- -
Net Income, GAAP
- -
31.82
- -
16.17
13.37
30.89
25.68
78.41
- -
- -
- -
- -
- -
7.96
- -
28.25
- -
Effective Tax Rate (%)
-3.58
0.13
-0.92
2.1
1.21
0.6
1.54
0.21
-2.11
-2.23
-1.53
-3.1
-4.66
1.79
7.56
1.11
- -
Profit Margin (%)
-2,812
-2,275
-2,355
-601
-292
90
3,190
3,237
2,386
1,776
-549
-1,252
-1,200
-257
3,676
3,606
3,466
Working Capital
255
190
211
108
81
90
2,702
2,748
2,644
2,635
540
176
86
32
- -
- -
- -
LT Debt
7,731
7,784
7,585
8,257
8,384
8,896
9,315
9,385
8,948
8,412
8,176
7,485
5,841
6,211
8,054
8,554
8,762
Total Equity
- -
-0.8
- -
2.6
2.01
0.84
2.58
-0.06
- -
- -
- -
- -
- -
5.54
- -
3.85
- -
Return on Invested Capital (%)
- -
0.69
- -
4.53
2.88
1.3
3.41
0.48
- -
- -
- -
- -
- -
5.15
- -
3.98
- -
Return on Capital (%)
-13.54
0.46
-3.03
6.64
3.69
1.75
4.5
0.61
-5.79
-6.35
-4.44
-9.44
-17.18
7.87
28.81
3.85
- -
Return on Common Equity (%)

Capital Structure

JPY

•

in mil. unless spec.
Jun'24
Mar'26
Jun'26
ST Debt
53
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
5
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
7
7
7
Market Capitalization
4,639
4,175
4,154

Working Capital

JPY

•

in mil. unless spec.
Jun'24
Mar'26
Jun'26
Total Current Assets
8,159
- -
6,751
Cash, Cash Equivalents & STI
4,130
- -
3,056
Accounts Receivable, Net
3,487
- -
2,897
Inventories
407
- -
679
Total Current Liabilities
4,331
- -
3,285
Payables & Accruals
- -
- -
- -
ST Debt
53
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.38%
2.36%
6.21%
Free Cash Flow
-144.83%
-279.44%
-1,307.02%
Net Income, GAAP
-71.03%
52.69%
-84.43%
Sales/Revenue/Turnover
1.54%
3.85%
6.53%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,665
6,901
- -
- -
27,183
2025
- -
- -
- -
- -
28,957
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
39.86
229.66
- -
- -
296.82
2025
- -
- -
- -
- -
46.22
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
First Baking Co., Ltd. manufactures and sells a broad range of bakery and confectionery products in Japan, including various breads such as sliced bread, roll bread, savory breads, sweet breads, and specialty items like Pokémon Bread, Precure Bread, One-Bite Wraps, Apple Rings, Large Danish pastries, and感動あんぱん; Japanese and Western sweets; cookies and biscuits; as well as engages in real estate leasing of land and buildings. The company operates through three main divisions—bread, Western and Japanese confectionery, and others—and distributes its products primarily through supermarkets, convenience stores, and other retail channels across Japan from facilities including its headquarters and factories in Kodaira, Takasaki, Kinomachi, Kodaira, and Osaka Airport, with sales offices in Yokohama, Niigata, Nagoya, and Okayama. Founded in 1947 and headquartered in Kodaira-shi, Tokyo, First Baking employs 1,417 staff on a standalone basis and 1,714 on a consolidated basis as of December 2024, listing on the Tokyo Stock Exchange Standard Market under ticker 2215 with subsidiaries including Three Star Confectionery Co., Ltd. for cookies and OEM baked goods production, and First Logistics Co., Ltd. for product distribution. Recent developments include the reintroduction of its shareholder benefit program and determination of 2025 benefit contents, executive changes such as personnel transfers announced on November 14, 2025, alongside new product launches like the standard-flavored "Reminiscence Agepan" on December 1, 2025, Christmas-limited packaging for six items including Apple Rings from December 1 to 25, 2025, Pokémon Piece designs and mini steamed cakes in late 2025, cheese-focused series, collaborations with popular curry chain "100-Hour Curry," and ongoing releases such as QBB Cheese Almond Bread and regional ingredient breads.