kabutan

YAMAZAKI BAKING, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 2%, Raises Record High Profit Forecast

Fri Aug 1, 2025 3:30 pm JST Earnings

2212 YAMAZAKI BAKING CO., LTD. 【J-GAAP】

Earnings Report

YAMAZAKI BAKING CO., LTD. <2212> [TSE Prime] announced its financial results after the market closed on August 1st (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending December 2025 (January to June) increased 4.2% from the same period last year, reaching 35.4 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 1.7%, from the previous forecast of 58.5 billion yen to 59.5 billion yen (compared to 56.3 billion yen in the previous period), increasing the growth rate from 3.9% to 5.7%, further surpassing the previous forecast of record-high profits for three consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the July to December period (second half) is expected to grow 8.0% from the same period last year, reaching 24.0 billion yen.

In the most recent three-month period, from April to June (2Q), the consolidated ordinary profit grew 13.5% from the same period last year, reaching 18.8 billion yen. The operating profit margin improved from 4.7% in the same period last year to 5.4%.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Jun, 2023 563,944 20,610 22,756 14,055 68.0 50.0 Aug 1, 2023 J-GAAP
Jan - Jun, 2024 617,747 31,029 34,028 21,569 106.0 60.4 Jul 31, 2024 J-GAAP
Jan - Jun, 2025 650,633 34,690 35,448 22,983 116.1 59.6 Aug 1, 2025 J-GAAP
YoY +5.3% +11.8% +4.2% +6.6% +9.6%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Guidance 633,000 32,300 34,500 22,000 111.4 － Feb 14, 2025 J-GAAP
Jan - Jun, 2025 Results 650,633 34,690 35,448 22,983 116.1 － Aug 1, 2025 J-GAAP
Revision Rate +2.8% +7.4% +2.7% +4.5% +4.3%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 1,275,000 55,000 58,500 37,000 187.3 50 Feb 14, 2025 J-GAAP
Dec, 2025 New 1,293,000 57,500 59,500 38,000 192.4 50 Aug 1, 2025 J-GAAP
Revision Rate +1.4% +4.5% +1.7% +2.7% +2.7%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 626,741 20,844 22,277 14,446 71.6 45 Feb 14, 2025 J-GAAP
Jul - Dec, 2025 Guidance 642,367 22,810 24,052 15,017 76.0 50 Aug 1, 2025 J-GAAP
YoY +2.5% +9.4% +8.0% +4.0% +6.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 1,175,562 41,962 45,526 30,168 146.2 25 Feb 14, 2024 J-GAAP
Dec, 2024 1,244,488 51,873 56,305 36,015 178.6 45 Feb 14, 2025 J-GAAP
Dec, 2025 Guidance 1,293,000 57,500 59,500 38,000 192.4 50 Aug 1, 2025 J-GAAP
YoY +3.9% +10.8% +5.7% +5.5% +7.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 311,089 14,517 16,646 10,625 52.2 4.7 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 301,846 7,756 7,268 5,237 25.9 2.6 Oct 29, 2024 J-GAAP
Oct - Dec, 2024 324,895 13,088 15,009 9,209 45.7 4.0 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 318,735 16,817 16,550 10,979 55.4 5.3 Apr 25, 2025 J-GAAP
Apr - Jun, 2025 331,898 17,873 18,898 12,004 60.6 5.4 Aug 1, 2025 J-GAAP
YoY +6.7% +23.1% +13.5% +13.0% +16.2%

Related Articles