Yamazaki Baking Co (2212) AI Stock Analysis

• Market Cap: ¥670.55B
• Dividend Yield: 1.12%
• Average Volume (3M): 376.88K
• Price to Earnings (P/E): 16.9
• Beta (1Y): 0.62
• Revenue Growth: 3.53%
• EPS Growth: 4.88%
• Country: JP
• Employees: 33,393
• Sector: Consumer Goods
• Sector Strength: N/A
• Industry: Packaged Foods
• EPS (TTM): 34.15
• Shares Outstanding: 220,282,870
• 10 Day Avg. Volume: 355,800
• 30 Day Avg. Volume: 376,876
• PEG Ratio: 0.74
• Price to Book (P/B): 1.44
• Price to Sales (P/S): 0.48
• P/FCF Ratio: 19.21
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥3,667.08
• Price Target Upside: 12.59% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 200.55
• Revenue Forecast (FY): ¥1.31T

• Rating: 76 Outperform
• Price Target: ¥3,717.00 ▲(14.12% Upside)

Yamazaki Baking Co. scores well due to its strong financial performance and positive technical indicators. The company's stable balance sheet and efficient cash flow generation are significant strengths. While the valuation is fair, the high Stochastic value suggests caution due to potential overbought conditions.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective sales strategies, supporting long-term business expansion and stability.

Cash Flow Generation

Strong cash flow generation enhances financial flexibility, allowing for reinvestment in growth opportunities and cushioning against economic downturns.

Balance Sheet Health

A low debt-to-equity ratio indicates prudent financial management, reducing risk and ensuring the company can withstand financial pressures.

Negative Factors

Net Profit Margin

A moderate net profit margin indicates potential inefficiencies or cost pressures that could hinder profitability and long-term financial performance.

Operational Efficiency

Improving operational efficiency is crucial for enhancing profitability and competitiveness, especially in a low-margin industry like packaged foods.

Equity Utilization

While satisfactory, there is room to enhance return on equity, which could improve investor returns and attract more capital for growth.

Yamazaki Baking Co Business Overview & Revenue Model

Company Description

Yamazaki Baking Co., Ltd., through its subsidiaries, manufactures and sells baked goods in Japan. Its products include loaf bread, sweet buns, donuts, hard rolls, and Danish pastries; Japanese, Western style, and rice-derived and based confectionery; processed bread and noodles, prepared rice, and side dishes; and chocolates, candies, stevia-based and other sweeteners, snack foods, and soup and soup stocks, as well as jams, marmalades, jelly and yokan products, and ready-to-eat curries in retort pouches. The company also manufactures biscuits, cookies, crackers, and frozen bread dough; provides coffee and juice under the Yamazaki brand; creams, curry fillings, stuffing for Chinese filled buns, croquettes, meat patties, and mayonnaise products; and prepared mixes for bread, tempura, and fried chicken, as well as sells products procured from other companies. In addition, it is involved in the manufacture and sale of cleaning and disinfecting agents for food production equipment; operation of bread and pastry shops, restaurants, convenience stores, and supermarkets; provision of retail bakery and cafe management, in-store bakery management, general truck transport and freight forwarding, and insurance services; and design of equipment for manufacturing bread and confectionery, installation of production facilities, and other services. Further, the company offers logistics management services; and manufactures and sells stevia-based and other sweeteners. As of December 31, 2021, it operated 1,389 stores. Yamazaki Baking Co., Ltd. was incorporated in 1948 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Yamazaki Baking Co. generates revenue through multiple avenues, primarily by selling its bakery products to retailers, wholesalers, and food service providers. The company's key revenue streams include direct sales of its branded products in convenience stores, supermarkets, and restaurants. Additionally, Yamazaki engages in partnerships with various food service companies, which helps expand its market reach and enhance its distribution networks. The company also benefits from economies of scale due to its large production capacity and efficient logistics operations, contributing to its profitability. Seasonal promotions and the introduction of new products further boost sales and attract a broader customer base.

Yamazaki Baking Co Financial Statement Overview

Summary

Yamazaki Baking Co. demonstrates strong financial performance with robust revenue growth and solid cash flow generation. The stable balance sheet, marked by low leverage and a healthy equity ratio, supports growth initiatives. While net profitability could be enhanced, operational efficiency remains commendable.

Income Statement

The company shows a solid growth trajectory with a revenue growth rate of 5.86% from the previous year. The gross profit margin stands robust at 32.55%, indicating strong cost management. However, the net profit margin is moderate at 2.89%, suggesting room for improvement in overall profitability. EBIT and EBITDA margins are healthy, reflecting efficient operational management.

Balance Sheet

The balance sheet reveals a stable financial position with a low debt-to-equity ratio of 0.25, signifying prudent leverage management. The return on equity is satisfactory at 8.74%, indicating effective use of shareholders' equity to generate profits. The equity ratio is strong at 47.65%, showcasing a solid capital structure with a high proportion of equity financing.

Cash Flow

Cash flow analysis shows a positive trend in free cash flow, which grew by 6.98% year-over-year. The operating cash flow to net income ratio is favorable at 2.05, indicating strong cash generation capability relative to net income. The free cash flow to net income ratio of 0.86 suggests efficient conversion of net income into free cash flow, although there is potential for further improvement.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.28T	1.24T	1.18T	1.08T	1.05T	1.01T
Gross Profit	414.46B	405.25B	379.05B	343.61B	367.86B	353.62B
EBITDA	101.84B	99.99B	88.53B	65.05B	61.36B	56.01B
Net Income	37.43B	36.02B	30.17B	12.37B	10.38B	6.96B
Balance Sheet
Total Assets	864.33B	865.11B	802.03B	758.03B	757.35B	714.44B
Cash, Cash Equivalents and Short-Term Investments	172.52B	152.44B	134.94B	125.18B	138.14B	108.59B
Total Debt	105.65B	101.05B	80.13B	86.21B	97.86B	71.69B
Total Liabilities	394.52B	404.62B	355.90B	350.14B	375.14B	352.06B
Stockholders Equity	421.54B	412.15B	400.14B	363.74B	342.57B	330.49B
Cash Flow
Free Cash Flow	0.00	30.89B	33.23B	12.21B	18.37B	10.15B
Operating Cash Flow	0.00	73.97B	73.69B	52.77B	57.07B	47.16B
Investing Cash Flow	0.00	-43.49B	-45.66B	-41.98B	-37.79B	-38.62B
Financing Cash Flow	0.00	-15.04B	-18.83B	-26.70B	2.07B	-11.59B

Yamazaki Baking Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3257.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2212, the sentiment is Positive. The current price of 3257 is below the 20-day moving average (MA) of 3265.25, above the 50-day MA of 3194.92, and above the 200-day MA of 3191.39, indicating a bullish trend. The MACD of 31.61 indicates Negative momentum. The RSI at 63.02 is Neutral, neither overbought nor oversold. The STOCH value of 87.48 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2212.

Yamazaki Baking Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2212	76 Outperform	¥670.55B	16.86	9.18%	1.12%	3.53%	4.88%
2215	71 Outperform	¥4.38B	16.21	―	―	2.99%	-87.21%
2001	70 Outperform	$196.11B	9.51	7.71%	2.73%	1.83%	-39.02%
2002	70 Outperform	¥532.50B	22.30	―	3.20%	-0.88%	-25.64%
2264	65 Neutral	¥326.34B	29.19	―	2.40%	2.33%	-8.76%
2266	62 Neutral	¥23.98B	24.22	―	1.62%	-1.14%	3.35%
Sector *	57 Neutral	$3.13B	9.23	-34.32%	3.14%	-25.56%	-353.61%

Yamazaki Baking Co Corporate Events

Yamazaki Baking Co. Reports Strong Financial Growth and Positive Outlook

Yamazaki Baking Co., Ltd. reported a 5.3% increase in net sales for the nine months ending September 30, 2025, compared to the previous year. The company also saw significant growth in operating and ordinary profits, with increases of 15.3% and 12.2%, respectively, indicating strong operational performance. The equity-to-asset ratio improved to 49.3%, reflecting a solid financial position. The company has revised its forecast for the year, projecting a 4.7% increase in net sales and a 13.7% rise in operating profit, signaling positive expectations for future growth.