Conservative Balance SheetZero total debt in 2025 and rising equity materially reduce default and interest-rate risk, giving management financial flexibility. A conservative capital structure supports durable operations, funds selective investments internally, and better absorbs industry cyclicality over the medium term.

Steady Revenue GrowthMulti-year top-line growth demonstrates resilient demand for the company's packaged-food products. Sustained revenue expansion supports scale economies, predictable production planning and distributor relationships, strengthening the business model's durability if margins and cash conversion improve.

Stable Gross MarginsConsistent mid-20% gross margins indicate durable unit economics in core products, suggesting intrinsic pricing power or stable input cost pass-through. If operating costs and working-capital drivers are managed, this margin base can support sustainable operating profitability over time.

Bears Say

Weak Cash GenerationA collapse in operating cash flow and deeply negative free cash flow signals a persistent earnings-to-cash conversion problem. This constrains reinvestment, may force external financing or asset sales, and raises the risk that reported profits don't translate into internally available funding.

Volatile And Compressed ProfitabilitySharp margin compression and very negative EPS growth indicate the company struggles to sustain operating leverage and convert revenue into reliable earnings. This amplifies forecast risk and undermines confidence in long-term profit generation absent structural cost or pricing fixes.

Capital-structure InconsistencyA pronounced shift from meaningful leverage to zero debt suggests a transitionary funding strategy or one-off balance-sheet moves. Such swings complicate assessment of long-term funding policy, may reflect reactive financing, and could mask underlying operational or working-capital stress.

2215 FAQ

What was First Baking Co., Ltd.’s price range in the past 12 months?

First Baking Co., Ltd. lowest stock price was ¥478.00 and its highest was ¥663.00 in the past 12 months.

What is First Baking Co., Ltd.’s market cap?

First Baking Co., Ltd.’s market cap is ¥4.28B.

When is First Baking Co., Ltd.’s upcoming earnings report date?

First Baking Co., Ltd.’s upcoming earnings report date is May 18, 2026 which is in 88 days.

How were First Baking Co., Ltd.’s earnings last quarter?

First Baking Co., Ltd. released its earnings results on Feb 13, 2026. The company reported ¥31.45 earnings per share for the quarter, beating the consensus estimate of N/A by ¥31.45.

Is First Baking Co., Ltd. overvalued?

According to Wall Street analysts First Baking Co., Ltd.’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does First Baking Co., Ltd. pay dividends?

First Baking Co., Ltd. does not currently pay dividends.

What is First Baking Co., Ltd.’s EPS estimate?

First Baking Co., Ltd.’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does First Baking Co., Ltd. have?

First Baking Co., Ltd. has 6,929,900 shares outstanding.

What happened to First Baking Co., Ltd.’s price movement after its last earnings report?

First Baking Co., Ltd. reported an EPS of ¥31.45 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went up 0.477%.

Which hedge fund is a major shareholder of First Baking Co., Ltd.?

Currently, no hedge funds are holding shares in JP:2215

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

First Baking Co., Ltd.

First Baking Co., Ltd. manufactures and sells food products in Japan. It offers bread products and other confectionery products. The company was founded in 1947 and is headquartered in Kodaira, Japan.