Yamazaki Baking Co Ltd (JP:2212)
:2212
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Yamazaki Baking Co
(2212)
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Rating:73Outperform
Price Target:
¥3,367.00
▼(-2.07% Downside)
Action:Reiterated
Date:02/18/26
The score is driven primarily by improved financial performance (higher revenue/earnings and manageable leverage), tempered by thin margins and inconsistent free cash flow conversion. Technicals add support due to a positive moving-average trend, while valuation is neutral-to-slightly positive with a mid-range P/E and modest yield.
Positive Factors
Multi-year scale and profit improvement
Sustained revenue and earnings growth over several years indicates improving market penetration and operational scale. Higher EBIT and net income create recurring internal funding for reinvestment, product development and distribution, strengthening long-term competitive positioning and resilience.
Negative Factors
Thin profitability margins
Low EBIT and net margins limit the company’s buffer against input cost inflation and pricing pressure. Thin margins compress cash available for discretionary investment, make returns sensitive to operational slippage, and constrain long-term earnings resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year scale and profit improvement
Sustained revenue and earnings growth over several years indicates improving market penetration and operational scale. Higher EBIT and net income create recurring internal funding for reinvestment, product development and distribution, strengthening long-term competitive positioning and resilience.
Read all positive factors
Yamazaki Baking Co (2212) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥634.08B
Dividend Yield1.13%
Average Volume (3M)407.50K
Price to Earnings (P/E)14.6
Beta (1Y)0.49
Revenue Growth5.55%
EPS Growth17.29%
CountryJP
Employees33,393
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)188.52
Shares Outstanding220,282,870
10 Day Avg. Volume443,070
30 Day Avg. Volume407,503
Financial Highlights & Ratios
PEG Ratio1.01
Price to Book (P/B)1.42
Price to Sales (P/S)0.50
P/FCF Ratio23.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥3,830.00Price Target Upside11.40% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)218.38
Revenue Forecast (FY)¥1.35T
Yamazaki Baking Co Business Overview & Revenue Model
Company Description
Yamazaki Baking Co., Ltd., a prominent Japanese food manufacturer, operates primarily through an extensive network of subsidiaries. The company is a major producer and seller of a vast array of food products in Japan. Its core offerings include a ...
How the Company Makes Money
Yamazaki Baking makes money primarily by manufacturing and selling packaged bakery products at high volume. Its main revenue stream comes from the sale of bread (e.g., sliced bread and rolls) and sweet baked goods (e.g., buns and pastries), which ...
Yamazaki Baking Co Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.28T | 1.31T | 1.24T | 1.18T | 1.08T | 1.05T |
| Gross Profit | 414.46B | 428.40B | 405.25B | 379.05B | 343.61B | 367.86B |
| EBITDA | 101.84B | 108.33B | 99.99B | 88.53B | 65.05B | 61.36B |
| Net Income | 37.43B | 40.89B | 36.02B | 30.17B | 12.37B | 10.38B |
Balance Sheet | ||||||
| Total Assets | 864.33B | 931.88B | 865.11B | 802.03B | 758.03B | 757.35B |
| Cash, Cash Equivalents and Short-Term Investments | 172.52B | 163.82B | 152.44B | 134.94B | 125.18B | 138.14B |
| Total Debt | 105.65B | 103.66B | 101.05B | 80.13B | 86.21B | 97.86B |
| Total Liabilities | 394.52B | 421.05B | 404.62B | 355.90B | 350.14B | 375.14B |
| Stockholders Equity | 421.54B | 459.88B | 412.15B | 400.14B | 363.74B | 342.57B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 28.08B | 30.92B | 35.51B | 16.03B | 20.47B |
| Operating Cash Flow | 0.00 | 78.87B | 73.97B | 73.69B | 52.77B | 57.07B |
| Investing Cash Flow | 0.00 | -55.86B | -43.49B | -45.66B | -41.98B | -37.79B |
| Financing Cash Flow | 0.00 | -14.13B | -15.04B | -18.83B | -26.70B | 2.07B |
Yamazaki Baking Co Technical Analysis
Negative
3438.00
Price Trends
3227.24
Negative
3306.51
Negative
3265.38
Negative
Market Momentum
-21.40
Negative
48.46
Neutral
84.23
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2212, the sentiment is Negative. The current price of 3438 is above the 20-day moving average (MA) of 3129.15, above the 50-day MA of 3227.24, and above the 200-day MA of 3265.38, indicating a neutral trend. The MACD of -21.40 indicates Negative momentum. The RSI at 48.46 is Neutral, neither overbought nor oversold. The STOCH value of 84.23 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2212.
Yamazaki Baking Co Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥634.08B | 14.63 | 9.18% | 1.13% | 5.55% | 17.29% | |
70 Outperform | ¥224.45B | 10.14 | 8.01% | 2.77% | 1.84% | -17.25% | |
69 Neutral | ¥541.22B | 16.97 | ― | 3.15% | 1.59% | -3.14% | |
65 Neutral | ¥353.16B | 55.67 | 1.86% | 1.64% | 12.09% | 13.34% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
59 Neutral | ¥1.02T | 28.30 | 5.97% | 2.96% | 1.70% | -30.43% | |
53 Neutral | ¥4.15B | 8.80 | ― | ― | 8.90% | -74.24% |
* Consumer Defensive Sector Average
JP:2212
Yamazaki Baking Co
3,104.00
-83.47
-2.62%
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Yamazaki Baking Co Corporate Events
Yamazaki Baking Delivers Strong Q1 Profit Growth and Maintains Stable Dividend Outlook
Apr 28, 2026
Yamazaki Baking Co. reported consolidated net sales of ¥333.7 billion for the three months ended March 31, 2026, up 4.7% year on year, with operating profit rising 9.0% to ¥18.3 billion and profit attributable to owners of parent increas...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.