Yamazaki Baking Co., Ltd. logo

Yamazaki Baking Co., Ltd.

2212.T

JPXConsumer DefensivePackaged Foods

Latest quote

¥3,674

+¥62.00 · +1.72%

Aug 24, 3:30 PM JST

2212.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Yamazaki Baking Co., Ltd. engages in the food business in Japan. The company operates through Food Business, Distribution Business, and Other Business segments. The company offers loaf bread, sweet buns, donuts, hard rolls, and pastries; skewered rice dumplings, sweet bean filled rice cakes, pancake style sweets, steamed cakes, castella, and yokan; swiss rolls, cream puffs, snack cakes and pound cakes; and processed bread and noodles, and prepared rice. It also provides strawberry and blueberry jams, marmalade, jelly and sweet bean, ready-to-eat curry in retort pouches, and other kinds of preserves; biscuits, cookies, chocolates, and rice-derived confectionery; and coffee and juice under the Yamazaki brand, as well as fillings of various confectionary products; and cream, curry fillings, stuffing for Chinese filled buns, croquettes, meat patty, and mayonnaise. In addition, the company is involved in logistics business; designing equipment for food manufacturing; supervision; construction contracting; office work; non-life insurance agency; cleaning of food manufacturing machinery; manufacturing and sale of cleaning agents; operation of instore baking and the convenience store business. The company was incorporated in 1948 and is headquartered in Tokyo, Japan.

Industry
Packaged Foods
Sector
Consumer Defensive
Headquarters
JP
CEO
Nobuhiro Iijima
Listed since
Jan 1, 2001
Employees
33,545

Market position

Day range

Current ¥3,674

52-week range

Current ¥3,674

Open
¥3,641
Previous close
¥3,612
Volume
518.7K
0.82× average
Average volume
634.92K
Average daily volume
Market cap
723.43B JPY
Beta
0.08
Market reference 1
50-day average
¥3,323.84
+10.53% above average
200-day average
¥3,303.8
+11.21% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
591.06B JPY
P/E (TTM)
17.23×
P/B (TTM)
1.53×
P/S (TTM)
0.54×
EV / EBITDA
5.46×
Earnings yield
6.28%
Free cash flow yield
4.31%
Dividend yield
1.30%

Profitability & efficiency

Gross margin
32.70%
Operating margin
4.66%
Net margin
3.15%
Return on equity
8.89%
Return on assets
4.39%
Return on invested capital
6.02%

Financial health

Debt / equity
0.21×
Current ratio
1.33×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends38%25%11%-2%Gross margin, FY2021: 34.94%Gross margin, FY2022: 31.90%Gross margin, FY2023: 32.24%Gross margin, FY2024: 32.56%Gross margin, FY2025: 32.67%Operating margin, FY2021: 1.74%Operating margin, FY2022: 2.05%Operating margin, FY2023: 3.57%Operating margin, FY2024: 4.17%Operating margin, FY2025: 4.66%Net margin, FY2021: 0.99%Net margin, FY2022: 1.15%Net margin, FY2023: 2.57%Net margin, FY2024: 2.89%Net margin, FY2025: 3.12%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 34.94%. Gross margin FY2022 31.90%. Gross margin FY2023 32.24%. Gross margin FY2024 32.56%. Gross margin FY2025 32.67%. Operating margin FY2021 1.74%. Operating margin FY2022 2.05%. Operating margin FY2023 3.57%. Operating margin FY2024 4.17%. Operating margin FY2025 4.66%. Net margin FY2021 0.99%. Net margin FY2022 1.15%. Net margin FY2023 2.57%. Net margin FY2024 2.89%. Net margin FY2025 3.12%.

Income trends

Revenue

1.31T JPY+5.38%

Operating income

61.14B JPY+17.87%

Net income

40.89B JPY+13.54%
Income trends across reported periods1.44T JPY921.11B JPY400.69B JPY−119.73B JPYRevenue, FY2021: 1.05T JPYRevenue, FY2022: 1.08T JPYRevenue, FY2023: 1.18T JPYRevenue, FY2024: 1.24T JPYRevenue, FY2025: 1.31T JPYOperating income, FY2021: 18.36B JPYOperating income, FY2022: 22.03B JPYOperating income, FY2023: 41.96B JPYOperating income, FY2024: 51.87B JPYOperating income, FY2025: 61.14B JPYNet income, FY2021: 10.38B JPYNet income, FY2022: 12.37B JPYNet income, FY2023: 30.17B JPYNet income, FY2024: 36.02B JPYNet income, FY2025: 40.89B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.05T JPY. Revenue FY2022 1.08T JPY. Revenue FY2023 1.18T JPY. Revenue FY2024 1.24T JPY. Revenue FY2025 1.31T JPY. Operating income FY2021 18.36B JPY. Operating income FY2022 22.03B JPY. Operating income FY2023 41.96B JPY. Operating income FY2024 51.87B JPY. Operating income FY2025 61.14B JPY. Net income FY2021 10.38B JPY. Net income FY2022 12.37B JPY. Net income FY2023 30.17B JPY. Net income FY2024 36.02B JPY. Net income FY2025 40.89B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue1.31T JPY1.24T JPY1.18T JPY1.08T JPY1.05T JPY
Cost of goods sold883.03B JPY839.23B JPY796.52B JPY733.4B JPY685.12B JPY
Gross profit428.41B JPY405.26B JPY379.05B JPY343.61B JPY367.86B JPY
Research and development9.31B JPY8.84B JPY8.48B JPY8.26B JPY
Selling, general, and administrative367.26B JPY339.62B JPY315B JPY300.26B JPY328.22B JPY
Operating expenses367.26B JPY353.38B JPY337.08B JPY321.57B JPY349.5B JPY
Interest income527M JPY399M JPY272M JPY122M JPY149M JPY
Interest expense1.47B JPY861M JPY740M JPY752M JPY787M JPY
Depreciation and amortization45.3B JPY43.5B JPY41.97B JPY41.08B JPY40.62B JPY
Operating income61.14B JPY51.87B JPY41.96B JPY22.03B JPY18.36B JPY
Net income40.89B JPY36.02B JPY30.17B JPY12.37B JPY10.38B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
206.78
FY2025 · +15.79% year over year
Latest fiscal-year revenue
1.31T JPY
FY2025 · +5.38% year over year
Next fiscal-year EPS consensus
215.03
FY2026 · 8 analysts
Next fiscal-year revenue consensus
1.36T JPY
FY2026 · 8 analysts

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend292.59203.92115.2626.59FY21FY22FY23FY24FY25FY26FY27FY28

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend1.51T1.34T1.18T1.01TFY21FY22FY23FY24FY25FY26FY27FY28

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