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First Baking Co 2215.T · JPY

Consumer Staples · Tokyo Stock Exchange · 🇯🇵 Japan

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617

+0.16%

Close of 9 Nov 2026, in JPY

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At a glance

Figures in JPY, from our data supplier.

FY2025

Revenue

¥28.96bn

FY2016FY2025

Net income

¥320.0m

FY2016FY2025

Free cash flow

−¥1.37bn

FY2016FY2025

Shareholders' equity

¥8.55bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue¥28.96bn¥27.18bn¥26.44bn¥24.55bn¥23.86bn¥24.02bn¥24.75bn¥25.14bn¥26.60bn¥26.69bn
Gross profit¥7.43bn¥7.46bn¥7.04bn¥5.86bn¥6.26bn¥6.45bn¥6.63bn¥6.68bn¥7.70bn¥7.94bn
Research and development—¥160.0m¥159.0m¥157.0m¥166.0m¥162.0m¥168.0m¥185.0m¥166.0m¥163.0m
Operating income¥467.0m¥604.0m¥597.0m−¥547.0m−¥668.0m−¥462.0m−¥478.0m−¥571.0m¥298.0m¥512.0m
Net income¥320.0m¥2.06bn¥474.0m−¥1.15bn−¥738.0m−¥367.0m−¥550.0m−¥531.0m¥57.0m¥410.0m
Diluted earnings per share46.22296.8268.46-165.38-106.60-53.01-79.45-76.708.2359.22

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assets¥16.34bn¥15.78bn¥17.73bn¥17.08bn¥18.01bn¥18.54bn¥18.58bn¥19.47bn¥20.02bn¥20.01bn
Cash and short-term investments¥3.00bn¥3.96bn¥3.06bn¥2.17bn¥1.45bn¥1.92bn¥1.94bn¥2.73bn¥2.96bn¥2.93bn
Total liabilities¥7.78bn¥7.72bn¥11.52bn¥11.23bn¥10.52bn¥10.36bn¥10.16bn¥10.52bn¥10.63bn¥10.70bn
Debt—¥32.0m¥3.89bn¥3.58bn¥4.44bn¥4.33bn¥4.02bn¥4.20bn¥4.17bn¥3.90bn
Shareholders' equity¥8.55bn¥8.05bn¥6.21bn¥5.84bn¥7.49bn¥8.18bn¥8.41bn¥8.95bn¥9.38bn¥9.31bn
Shares outstanding7m7m7m7m7m7m7m7m7m7m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operations¥49.0m¥952.0m¥494.0m¥473.0m−¥10.0m¥233.0m¥317.0m¥348.0m¥246.0m¥1.21bn
Capital spending−¥1.42bn−¥838.0m−¥316.0m−¥331.0m−¥520.0m−¥593.0m−¥877.0m−¥582.0m−¥616.0m−¥570.0m
Free cash flow−¥1.37bn¥114.0m¥178.0m¥142.0m−¥530.0m−¥360.0m−¥560.0m−¥234.0m−¥370.0m¥638.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue¥7.52bn¥7.45bn¥7.81bn¥7.14bn¥7.28bn¥6.73bn¥6.91bn¥6.71bn
Gross profit¥1.89bn¥2.02bn¥2.09bn¥1.79bn¥1.86bn¥1.76bn¥1.79bn¥1.76bn
Operating income¥57.0m¥295.0m¥276.0m¥50.0m¥65.0m¥74.0m¥54.0m¥76.0m
Net income¥27.0m¥186.0m¥217.0m¥31.0m¥34.0m¥38.0m¥167.0m¥22.0m
Diluted earnings per share3.9026.8731.344.484.915.4924.123.18
Total assets¥15.61bn¥15.35bn¥16.34bn¥14.83bn¥14.95bn¥15.01bn¥15.78bn¥14.63bn
Cash and short-term investments¥3.06bn¥2.65bn¥3.00bn¥3.01bn¥3.47bn¥3.69bn¥3.96bn¥3.95bn
Debt————¥5.0m¥25.0m¥32.0m¥52.0m
Shareholders' equity¥8.76bn¥8.74bn¥8.55bn¥8.16bn¥8.13bn¥8.09bn¥8.05bn¥8.08bn

Financial ratios

Data as of 19 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Gross margin25.6%27.4%26.6%23.9%26.2%26.8%—
Operating margin1.6%6.8%2.1%-4.4%-2.8%-1.2%—
Net margin1.1%7.6%1.8%-4.7%-3.1%-1.5%—
Return on equity3.7%25.5%7.6%-19.6%-9.9%-4.5%—
Return on assets2.0%13.0%2.7%-6.7%-4.1%-2.0%—
Free cash flow yield34.1%41.6%18.8%18.7%11.9%19.2%—
Revenue growth6.5%2.8%7.7%2.9%-0.7%-2.9%—
Earnings growth-84.4%333.5%-141.4%55.1%101.1%-33.3%—
Current ratio1.85x1.83x0.97x0.84x0.82x0.91x—
Debt to equity—0.00x0.62x0.60x0.58x0.51x0.46x
Equity ratio52.3%51.0%35.0%34.2%41.6%44.1%—
Interest coverage29.19x71.12x17.65x-39.93x-21.55x-9.29x—
R&D as a share of sales—0.6%0.6%0.6%0.7%0.7%0.7%
Buybacks as a share of market value0.0%0.0%0.0%-0.0%-0.0%0.0%—

Growth per year

Compound annual rate

3 years5 years10 years
Revenue5.7%3.8%1.5%
Operating income——11.4%
Net income——7.9%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin26.5%25.9%26.1%27.1%
Operating margin1.9%1.0%-0.0%-0.0%
Net margin4.2%1.6%0.4%0.0%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings13.31.99.7-2.4-5.2-18.6-12.2-13.0147.923.1
Price to sales0.10.10.20.10.20.30.30.30.30.4

Dividends and splits

Per share, in the currency the company pays

Paid for 0 years. Last went ex-dividend on 26 Dec 1996.

  • 10-to-1 reverse split · 28 Jun 2017

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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