Company profile

FIRST BAKING CO.,LTD.

EDINET
E00377
Securities
2215
Industry
Foods
Latest annual securities report
2026-03-27 Annual Securities Report PDF HTML
Latest financial report
2026-08-14 Semiannual Securities Report PDF HTML
Latest filing
—
Compare this company

Industry position

Foods

View details
Profitability Weak Current Bottom 24% 5-year trend Improving
Financial strength Above average Based on Equity ratio Current Top 40% 5-year trend Improving
Growth Above average Current Top 38% 5-year trend Improving
Cash generation Weak Current Bottom 17% 5-year trend Broadly stable

Latest half-year results

H1 FY2026

2026/01/01 - 2026/06/30

Consolidated · Japanese GAAP · Cumulative YTD

For H1 FY2026, revenue was ¥14.97 billion, up 6.9% year over year. Operating income was ¥351 million, up 152.5% year over year. Net income was ¥213 million, up 195.8% year over year.

Revenue ¥14.97B up 6.9% year over year
Operating income ¥351M up 152.5% year over year
Net income ¥213M up 195.8% year over year
Operating cash flow ¥984M
Free cash flow ¥605M
Total assets ¥15.61B

Half-year trend

Half-year financial trend

H1 values are cumulative year-to-date.

H2 values are calculated when comparable.

Consolidated · Japanese GAAP · Cumulative YTD

Mode

Half-year financial data

Annual key financial indicators

FY2025

Consolidated Japanese GAAP

Revenue reached ¥28.96 billion, up 6.5% year over year. Operating income was ¥466 million, down 22.8% year over year. Operating margin was 1.6%. Net income was ¥320 million, down 84.4% year over year. ROE was 3.7%; equity ratio was 52.3%; free cash flow was -¥1.87 billion.

Revenue ¥28.96B up 6.5% year over year
Operating income ¥466M down 22.8% year over year
Net income ¥320M down 84.4% year over year
Total assets¥16.34B
Total equity—
Operating cash flow¥49M
Free cash flow-¥1.87B

Industry position details

Foods

Annual data for the same fiscal year and industry

Comparison sample varies by metric

Profitability Weak

Operating margin Bottom 93% / ROE Bottom 68%

Financial strength Above average
Based on Equity ratio

Equity ratio Top 43%

Growth Above average

Revenue growth Top 34% / 3-year revenue CAGR Top 49%

Cash generation Weak

Operating cash flow margin Bottom 86% / Free cash flow margin Bottom 90%

Profitability Industry position history Improving
2025 Bottom 20% 2024 Top 42% 2023 Top 49% 2022 Bottom 3% 2021 Bottom 5%
Financial strength Industry position history Improving
2025 Bottom 40% 2024 Bottom 38% 2023 Bottom 12% 2022 Bottom 11% 2021 Bottom 19%
Growth Industry position history Improving
2025 Top 40% 2024 Bottom 36% 2023 Top 43% 2022 Top 46% 2021 Bottom 44%
Cash generation Industry position history Broadly stable
2025 Bottom 11% 2024 Top 44% 2023 Bottom 37% 2022 Top 50% 2021 Bottom 7%
Profitability Operating margin 1.6% Industry median 4.8% Bottom 93% Comparison sample 28
Profitability ROE 3.7% Industry median 7.3% Bottom 68% Comparison sample 28
Financial strength Equity ratio 52.3% Industry median 50.2% Top 43% Comparison sample 28
Growth Revenue growth +6.5% Industry median +5.0% Top 34% Comparison sample 27
Growth 3-year revenue CAGR +5.9% Industry median +5.8% Top 49% Comparison sample 27
Cash generation Operating cash flow margin 0.2% Industry median 5.7% Bottom 86% Comparison sample 28
Cash generation Free cash flow margin -6.4% Industry median 1.8% Bottom 90% Comparison sample 28

Annual financial data

Fiscal year Scope Accounting standard Revenue Operating income Ordinary income Profit before tax Net income Profit attributable to owners of parent Comprehensive income Total assets Total liabilities Net assets Shareholders' equity Equity Equity attributable to owners of parent Equity for ratio Operating cash flow Investing cash flow Financing cash flow Free cash flow Cash and cash equivalents Basic EPS P/E Share price Market cap Book value per share Dividend per share Shares issued Equity ratio Official equity ratio ROE ROA Operating margin Ordinary income margin Net margin Operating cash flow margin Free cash flow margin Dividend payout ratio Revenue YoY Operating income YoY Ordinary income YoY Profit before tax YoY Net income YoY Total assets YoY Equity YoY Operating cash flow YoY Investing cash flow YoY Financing cash flow YoY Free cash flow YoY Cash and cash equivalents YoY EPS YoY Dividend per share YoY Shares issued YoY Employees YoY Average salary YoY Employees Average salary
FY2025 Consolidated Japanese GAAP 28957000000 466000000 446000000 320000000 320000000 500000000 16343000000 7787000000 8555000000 8526000000 8555000000 49000000 -1914000000 415000000 -1865000000 2479000000 46.34 13.3 616.322 4271049827.800 1235.74 6929900 0.523465704 0.523 0.0374050263 0.0195802484 0.0160928273 0.015402148 0.0110508685 0.0016921642 -0.0644058431 0.0652613766 -0.2284768212 -0.254180602 -0.8442822384 0.0356124453 0.0622051155 -0.9485294118 -1.4912731006 1.108016658 -1.3846947195 -0.3692111959 -0.8438784448 0.0 0.0092165899 876
FY2024 Consolidated Japanese GAAP 27183000000 604000000 598000000 2055000000 2055000000 1842000000 15781000000 7727000000 8054000000 8205000000 8054000000 952000000 3896000000 -3842000000 4848000000 3930000000 296.82 1.9 563.958 3908172544.200 1163.39 6929900 0.5103605602 0.51 0.2551527191 0.1302198847 0.0222197697 0.0219990435 0.0755987198 0.0350218887 0.1783467608 0.0280235988 0.0117252931 -0.0307941653 3.335443038 -0.1099266779 0.2967316052 0.9271255061 13.8157894737 -6.5042979943 24.5157894737 0.344509066 3.3325062035 0.0 0.0034682081 868
FY2023 Consolidated Japanese GAAP 26442000000 597000000 617000000 474000000 474000000 370000000 17730000000 11518000000 6211000000 6150000000 6211000000 494000000 -304000000 698000000 190000000 2923000000 68.51 9.7 664.547 4605244255.300 897.21 6929900 0.3503102087 0.35 0.0763162132 0.0267343486 0.0225777173 0.0233340897 0.0179260268 0.0186823992 0.0071855382 0.0841328413 1.8923766816 2.1137184116 1.4139737991 0.0382993675 0.0633453176 0.044397463 -1.385786802 2.2854511971 -0.8493259318 0.4370698132 1.4139577039 0.0 -0.0618221258 865
FY2022 Consolidated Japanese GAAP 24390000000 -669000000 -554000000 -1145000000 -1145000000 -1644000000 17076000000 11234000000 5841000000 5676000000 5841000000 473000000 788000000 -543000000 1261000000 2034000000 -165.5 843.72 6929900 0.3420590302 0.342 -0.1960280774 -0.067053174 -0.0274292743 -0.0227142271 -0.0469454695 0.0193931939 0.051701517 0.0220415689 -0.0568720379 -0.0592734226 -0.549391069 -0.0518074296 -0.2196392786 48.3 2.2198142415 -7.1704545455 2.9222560976 0.5455927052 -0.5491903023 0.0 -0.0170575693 922
FY2021 Consolidated Japanese GAAP 23864000000 -633000000 -523000000 -739000000 -739000000 -692000000 18009000000 10523000000 7485000000 6822000000 7485000000 -10000000 -646000000 88000000 -656000000 1316000000 -106.83 1081.22 6929900 0.4156255206 0.416 -0.0987307949 -0.041035038 -0.0265253101 -0.0219158565 -0.0309671472 -0.0004190412 -0.0274891049 -0.0065359477 -0.3701298701 -0.4774011299 -1.0081521739 -0.0284835734 -0.0847395451 -1.0429184549 -0.2029795158 -0.6933797909 -1.1578947368 -0.3014861996 -1.008837909 0.0 0.0399113082 938
FY2020 Consolidated Japanese GAAP 24021000000 -462000000 -354000000 -368000000 -368000000 -235000000 18537000000 10359000000 8178000000 7562000000 8178000000 233000000 -537000000 287000000 -304000000 1884000000 -53.18 1181.19 6929900 0.4411717106 0.441 -0.0449987772 -0.0198521875 -0.019233171 -0.014737105 -0.0153199284 0.009699846 -0.012655593 -0.0294937578 0.170556553 0.3017751479 0.332123412 -0.0024753807 -0.0279329609 -0.2649842271 0.398656215 2.3348837209 0.4722222222 -0.0084210526 0.3321612458 0.0 0.0033370412 902
FY2019 Consolidated Japanese GAAP 24751000000 -557000000 -507000000 -551000000 -551000000 -535000000 18583000000 10169000000 8413000000 7930000000 8413000000 317000000 -893000000 -215000000 -576000000 1900000000 -79.63 1215.24 6929900 0.4527256094 0.453 -0.0654938785 -0.0296507561 -0.0225041412 -0.0204840208 -0.0222617268 0.0128075633 -0.023271787 -0.0156691191 0.0245183888 -0.1575342466 -0.0376647834 -0.0455572676 -0.0598949603 -0.0890804598 -0.647601476 -4.8108108108 -1.9690721649 -0.294205052 -0.0365790159 0.006718925 899
FY2018 Consolidated Japanese GAAP 25145000000 -571000000 -438000000 -531000000 -531000000 -436000000 19470000000 10520000000 8949000000 8481000000 8949000000 348000000 -542000000 -37000000 -194000000 2692000000 -76.82 1292.59 0.4596302003 0.46 -0.0593362387 -0.0272727273 -0.0227082919 -0.01741897 -0.0211175184 0.0138397296 -0.0077152515 -0.054770318 -12.9268292683 -6.2142857143 -10.3157894737 -0.0272295778 -0.0464571124 0.4146341463 -1.1254901961 -1.880952381 -20.5555555556 -0.0793433653 -10.3002421308 0.009039548 893
FY2017 Consolidated Japanese GAAP 26602000000 -41000000 84000000 57000000 57000000 72000000 20015000000 10630000000 9385000000 9013000000 9385000000 246000000 -255000000 42000000 -9000000 2924000000 8.26 147.5 1218.350 1355.61 0.4688983263 0.469 0.0060735216 0.0028478641 -0.0015412375 0.0031576573 0.002142696 0.009247425 -0.0003383204 -0.0034091335 -1.088362069 -0.8481012658 -0.8609756098 0.000099935 0.0075147611 -0.7963576159 0.5595854922 1.3134328358 -1.0143084261 0.0114147354 0.3929173693 0.0498220641 885
FY2016 Consolidated Japanese GAAP 26693000000 464000000 553000000 410000000 410000000 419000000 20013000000 10698000000 9315000000 8957000000 9315000000 1208000000 -579000000 -134000000 629000000 2891000000 5.93 23.1 136.983 134.53 0.4654474592 0.465 0.0440150295 0.0204866837 0.0173828345 0.0207170419 0.0153598322 0.0452553104 0.0235642303 843

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Source data: Financial Services Agency EDINET / Data organization, aggregation, and metric calculations: bestforever.jp