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FIRST BAKING, First Half Ordinary Profit Decreases by 70%, Apr-Jun Ordinary Profit Decreases by 58%

Thu Aug 14, 2025 4:00 pm JST Earnings

2215 FIRST BAKING CO.,LTD. 【J-GAAP】

Earnings Report

FIRST BAKING CO.,LTD. <2215> [TSE Std] announced its financial results after the market closed on August 14th (16:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending December 2025 (January to June) significantly dropped 70.0% from the same period last year to 139 million yen. Progress toward the full-year plan of 630 million yen was 22.1%, also falling below the same period of the previous year of 77.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the July to December period (second half) is expected to surge 3.7 times that of the same period last year, reaching 491 million yen.

In the most recent three-month period, from April to June (2Q), the consolidated ordinary profit significantly dropped to 67 million yen, a 58.1% decrease compared to the same period last year. The operating profit margin worsened from 2.5% in the same period last year to 0.9%.

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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 12,804 -4 13 -13 -1.9 2.1 Aug 14, 2023 J-GAAP
Jan - Jun, 2024 13,566 474 464 1,866 269.6 77.6 Aug 14, 2024 J-GAAP
Jan - Jun, 2025 14,008 139 139 72 10.4 22.1 Aug 14, 2025 J-GAAP
YoY +3.3% -70.7% -70.0% -96.1% -96.1%

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 ー ー ー ー － 0 Feb 14, 2025 J-GAAP
Jan - Jun, 2025 Results 14,008 139 139 72 10.4 0 Aug 14, 2025 J-GAAP
Revision Rate － － － － －

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 13,617 130 134 189 27.3 0 Feb 14, 2025 J-GAAP
Jul - Dec, 2025 Guidance 15,092 521 491 378 54.6 0 Aug 14, 2025 J-GAAP
YoY +10.8% +300.8% +266.4% +100.0% +100.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 26,442 597 617 474 68.5 0 Feb 14, 2024 J-GAAP
Dec, 2024 27,183 604 598 2,055 296.8 0 Feb 14, 2025 J-GAAP
Dec, 2025 Guidance 29,100 660 630 450 65.0 0 Feb 14, 2025 J-GAAP
YoY +7.1% +9.3% +5.4% -78.1% -78.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 6,901 170 160 1,590 229.7 2.5 Aug 14, 2024 J-GAAP
Jul - Sep, 2024 6,710 76 84 22 3.2 1.1 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 6,907 54 50 167 24.1 0.8 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 6,731 74 72 38 5.6 1.1 May 15, 2025 J-GAAP
Apr - Jun, 2025 7,277 65 67 34 4.9 0.9 Aug 14, 2025 J-GAAP
YoY +5.4% -61.8% -58.1% -97.9% -97.9%

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