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YAMAZAKI BAKING, 4% Increase in Ordinary Profit, Update Record High for Fourth Consecutive Term

Thu Feb 12, 2026 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 February 12th (15:30). The consolidated ordinary profit for the fiscal year ended December 2025 increased by 14.2% from the previous period to 64.3 billion yen. For the fiscal year ending December 2026, the consolidated ordinary profit is expected to grow by 4.2% to 67.0 billion yen, marking the fourth consecutive term of record-high profits. This will be the sixth consecutive term of revenue and profit growth.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit grew 19.9% from the same period last year, reaching 17.9 billion yen. The operating profit margin improved from 4.0% in the same period last year to 4.8%.

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Actual Results

Historical Performance
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 1,311,430 61,141 64,314 40,893 206.8 60 Feb 12, 2026 J-GAAP
YoY +5.4% +17.9% +14.2% +13.5% +15.8%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Guidance 1,303,000 59,000 61,500 39,000 197.4 60 Jan 30, 2026 J-GAAP
Dec, 2025 Results 1,311,430 61,141 64,314 40,893 206.8 60 Feb 12, 2026 J-GAAP
Revision Rate +0.6% +3.6% +4.6% +4.9% +4.7%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 650,633 34,690 35,448 22,983 116.1 － Aug 1, 2025 J-GAAP
Jan - Jun, 2026 Guidance 663,000 35,000 35,800 23,300 117.9 － Feb 12, 2026 J-GAAP
YoY +1.9% +0.9% +1.0% +1.4% +1.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 1,244,488 51,873 56,305 36,015 178.6 45 Feb 14, 2025 J-GAAP
Dec, 2025 1,311,430 61,141 64,314 40,893 206.8 60 Feb 12, 2026 J-GAAP
Dec, 2026 Guidance 1,338,000 64,000 67,000 42,500 215.1 60 Feb 12, 2026 J-GAAP
YoY +2.0% +4.7% +4.2% +3.9% +4.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jul - Sep, 2025 317,467 10,028 10,869 6,742 34.1 3.2 Oct 29, 2025 J-GAAP
Oct - Dec, 2025 343,330 16,423 17,997 11,168 56.5 4.8 Feb 12, 2026 J-GAAP
YoY +5.7% +25.5% +19.9% +21.3% +23.7%

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