1. Japan Stocks

  2. •

    Consumer Defensive

  3. •

    Packaged Foods
Yamazaki Baking Co., Ltd.

Yamazaki Baking Co., Ltd.

YMZBY
Yamazaki Baking Co., Ltd.US flagOther OTC
180.00
USD
- -
- -
3.54BMarket Cap
Yamazaki Baking Co., Ltd.
YMZBY
(Other OTC)

Recent

price

180.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
42,256.97
42,479.86
43,340.51
44,112.18
45,335.55
46,806.18
47,481.48
47,993.47
48,663.89
48,813.06
46,678.15
49,311.22
51,462.24
56,964.91
61,706.99
66,314.89
60,183.92
Revenue per Share
579.24
365.37
491.48
516.39
548.94
505.56
828.24
1,144.1
621.66
637.47
319.98
486.01
590.97
1,461.87
1,785.78
2,067.83
1,844.73
Basic EPS, GAAP
1,317.59
1,147.62
871.5
626.32
1,422.75
936.63
1,179.22
281.08
67.29
897
467.13
860.37
583.19
1,610.44
1,403.48
1,293.3
- -
Free Cash Flow per Basic Share
139.89
150.06
149.9
159.95
160.06
160.12
159.77
179.64
231.32
199.59
199.55
223.48
223.14
221.89
254.66
451.16
- -
Dividend per Share
1,036.12
1,056.32
1,101.19
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
2,007.08
Book Value per Share
885.99
912.25
958.69
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
1,906.67
Tangible Book Value per Share
22
22
22
22
22
22
22
22
22
22
22
21
21
21
20
20
20
Basic Weighted Avg Shares
928,242
932,794
951,502
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
1,229,365
Sales/Revenue/Turnover
2.91
3.07
2.6
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
4.26
Operating Margin (%)
41,383
41,543
42,204
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
- -
Depreciation Expense
12,724
8,023
10,790
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
37,682
Net Income, GAAP
41.49
57.55
49.21
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
30.97
Effective Tax Rate (%)
1.37
0.86
1.13
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
3.07
Profit Margin (%)
-15,143
-15,801
5,380
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
63,216
Working Capital
77,991
59,959
68,156
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
17,932
LT Debt
247,135
252,388
263,116
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
453,756
Total Equity
4.03
3.09
3.18
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
6.89
Return on Invested Capital (%)
3.31
2.1
2.64
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
7.04
Return on Capital (%)
5.72
3.49
4.56
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
9.67
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'23
Mar'24
Jun'24
ST Debt
59,159
59,028
58,532
LT Borrowings
16,690
14,452
13,398
LT Finance Leases
4,282
4,443
4,534
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
206
203
203
Market Capitalization
4,422,773
4,669,227
4,963,118

Working Capital

FRC

•

in mil. unless spec.
Dec'23
Mar'24
Jun'24
Total Current Assets
314,787
302,929
310,344
Cash, Cash Equivalents & STI
134,937
125,251
139,275
Accounts Receivable, Net
135,113
133,516
124,241
Inventories
29,681
29,650
30,814
Total Current Liabilities
257,877
250,919
247,128
Payables & Accruals
- -
- -
- -
ST Debt
59,159
59,028
58,532
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

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

FRC

•

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

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
535.77
- -
- -
- -
1,785.78
2025
- -
- -
- -
- -
2,067.83
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
254.66
2025
- -
- -
- -
- -
451.16
2026
- -
- -
- -
- -
- -
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Business
Yamazaki Baking Co., Ltd. manufactures and sells bread, sweet buns, Japanese- and Western-style confectionery, processed bread, prepared rice and side dishes, jams, jellies, preserves, biscuits, cookies, chocolates, rice-derived confectionery, retort curry, coffee, juice, fillings, cream, curry fillings, stuffing for Chinese filled buns, croquettes, meat patty and mayonnaise; it operates retail bakeries, cafes, in-store baking, convenience stores and supermarkets. Established in 1948 and headquartered in Chiyoda-ku, Tokyo, the company serves retail and foodservice customers primarily in Japan through over 100 production sites and 108,595 stores, with international operations in the United States, Thailand, Taiwan, Hong Kong, China, Vietnam, Indonesia, Singapore, Malaysia and France via subsidiaries including Vie de France Yamazaki Inc., Bakewise Brands Inc., Tom Cat Bakery Inc., Thai Yamazaki Co., Ltd. and Shanghai Yamazaki Baking Co., Ltd. Yamazaki Baking generates the majority of its revenue from its Food Business segment, supplemented by Distribution and Other Businesses, with consolidated net sales of ¥1,244.4 billion as of December 31, 2024. In recent developments, the company established YK Baking Company Co., Ltd. in Osaka in October 2022 with paid-in capital of ¥1.110 billion to manufacture and sell bread and Western-style confectionery; acquired the packaged bread business of Kobeya Baking Co., Ltd. in 2022 to enhance manufacturing efficiency and sales in western Japan; and continues to innovate with over 1,000 new bread products annually while focusing on sustainability initiatives such as waste reduction and eco-friendly packaging. Principal subsidiaries include Fujiya Co., Ltd. for Western-style confectionery and chocolate, Yamazaki Biscuits Co., Ltd. for biscuits and snacks, Sun-Delica Co., Ltd. for processed bread and side dishes, and Vie de France Co., Ltd. for retail bakery and cafe management.