2215
FIRST BAKING CO.,LTD.
第一屋製パン株式会社
Consumer Defensive · Packaged Foods
First Baking Co., Ltd. manufactures and sells food products in Japan. The company offers various bread and rolls, Japanese and western sweets, cookies, apple ring, large danish, anpan, pokemon bread, and precure bread, etc. It also leases land and buildings. The company was incorporated in 1947 and is headquartered in Kodaira, Japan.
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⚠ TSE Capital Mandate
P / Book
0.49×
Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥29.0B
¥27.2B
¥26.4B
¥24.4B
¥23.9B
Cost of Sales
¥21.5B
¥19.7B
¥19.4B
¥18.7B
¥17.6B
Gross Profit
¥7.5B
¥7.5B
¥7.0B
¥5.7B
¥6.3B
SG&A
¥7.0B
¥6.9B
¥6.4B
¥6.4B
¥6.9B
Operating Income
¥466M
¥604M
¥597M
¥-669M
¥-633M
Non-Operating Income
¥59M
¥57M
¥94M
¥211M
¥233M
Dividend Income
¥8M
¥8M
¥7M
¥8M
¥27M
Interest Income
¥6M
¥0M
¥0M
¥0M
¥0M
Non-Operating Expenses
¥78M
¥63M
¥74M
¥96M
¥123M
Interest Expense
¥16M
¥26M
¥31M
¥27M
¥31M
Ordinary Income
¥446M
¥598M
¥617M
¥-554M
¥-523M
Pre-tax Income
¥446M
¥1.8B
¥515M
¥-1.1B
¥-699M
Income Taxes
¥126M
¥-231M
¥41M
¥39M
¥39M
Current Tax
¥73M
¥506M
¥48M
¥39M
¥43M
Deferred Tax
¥52M
¥-737M
¥-7M
¥0M
¥-4M
Net Income (owners)
¥320M
¥2.1B
¥474M
¥-1.1B
¥-739M
Comprehensive Income
¥500M
¥1.8B
¥370M
¥-1.6B
¥-692M
EBITDA
¥1.0B
¥1.1B
¥1.1B
¥-94M
¥-35M
EPS
¥46.34
¥296.82
¥68.51
¥-165.50
¥-106.83
Shares Outstanding
6.9M
6.9M
6.9M
6.9M
6.9M
Shares Issued (total)
6.9M
6.9M
6.9M
6.9M
6.9M
Treasury Shares
0.0M
0.0M
0.0M
0.0M
0.0M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥16.3B
¥15.8B
¥17.7B
¥17.1B
¥18.0B
Current Assets
¥7.9B
¥8.1B
¥7.4B
¥6.4B
¥5.7B
Cash & Deposits
¥3.0B
¥4.0B
¥3.1B
¥2.2B
¥1.5B
Non-Current Assets
¥8.5B
¥7.7B
¥10.4B
¥10.6B
¥12.3B
PP&E
¥8.2B
¥7.3B
¥10.2B
¥7.3B
¥7.8B
Intangible Assets
¥46M
¥53M
¥52M
¥52M
¥66M
Investment Securities
¥16M
¥16M
¥16M
¥30M
¥1.2B
Deferred Tax Assets
¥120M
¥186M
—
—
—
Total Liabilities
¥7.8B
¥7.7B
¥11.5B
¥11.2B
¥10.5B
Current Liabilities
¥4.2B
¥4.5B
¥7.6B
¥7.6B
¥6.9B
Accounts Payable
¥2.1B
¥1.8B
¥1.8B
¥1.7B
¥971M
ST Debt
—
—
¥3.8B
¥3.4B
¥4.1B
Taxes Payable
¥26M
¥594M
¥82M
¥63M
¥73M
Non-Current Liabilities
¥3.5B
¥3.3B
¥3.9B
¥3.6B
¥3.6B
Total LT Borrowings
—
—
¥14M
¥42M
¥86M
Pension Obligations
¥2.2B
¥2.4B
¥2.2B
¥2.2B
¥2.2B
Deferred Tax Liab.
—
—
¥575M
¥576M
¥805M
Total Equity
¥8.6B
¥8.1B
¥6.2B
¥5.8B
¥7.5B
Capital Stock
¥3.3B
¥3.3B
¥3.3B
¥3.3B
¥3.3B
Capital Surplus
¥3.7B
¥3.7B
¥3.7B
¥3.7B
¥3.7B
Retained Earnings
¥1.6B
¥1.3B
¥-803M
¥-1.3B
¥-132M
Treasury Stock
¥-9M
¥-9M
¥-9M
¥-9M
¥-9M
AOCI
¥28M
¥-151M
¥60M
¥164M
¥663M
Equity (owners)
¥8.5B
¥8.2B
¥6.2B
¥5.7B
¥6.8B
Total Interest-Bearing Debt ⓘ
—
—
¥3.8B
¥3.4B
¥4.2B
Net Cash ⓘ
¥3.0B
¥4.0B
¥-755M
¥-1.3B
¥-2.7B
NCAV ⓘ
¥69M
¥404M
¥-4.1B
¥-4.8B
¥-4.8B
NCAV/Share
¥10
¥58
¥-598
¥-692
¥-698
BV/Share
¥1,231
¥1,185
¥888
¥820
¥985
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥49M
¥952M
¥494M
¥473M
¥-10M
Taxes Paid
¥-762M
¥-30M
¥-27M
¥-49M
¥-38M
Interest Paid
¥-4M
¥-17M
¥-31M
¥-27M
¥-32M
Interest Received
¥14M
¥8M
¥7M
¥8M
¥27M
D&A
¥548M
¥521M
¥517M
¥575M
¥598M
Investing CF
¥-1.9B
¥3.9B
¥-304M
¥788M
¥-646M
CapEx
¥1.4B
¥670M
¥311M
¥323M
¥487M
Purchase Investments
—
—
¥-4M
¥-9M
¥-11M
Proceeds from Invest.
—
—
¥19M
¥1.1B
—
Financing CF
¥415M
¥-3.8B
¥698M
¥-543M
¥88M
LT Debt Repaid
—
—
—
¥-208M
¥-33M
Free Cash Flow
¥-1.3B
¥282M
¥183M
¥150M
¥-497M
Net Change in Cash
¥-1.4B
¥1.0B
¥889M
¥718M
¥-567M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
3.9%
28.8%
7.9%
-17.2%
-9.4%
ROA
2.0%
12.3%
2.7%
-6.5%
-4.1%
EPS
¥46.34
¥296.82
¥68.51
¥-165.50
¥-106.83
BPS
¥1,235.74
¥1,163.39
¥897.21
¥843.72
¥1,081.22
FCF/Share
¥-193
¥41
¥26
¥22
¥-72
NCAV/Share
¥10
¥58
¥-598
¥-692
¥-698
No filings or capital allocation signals recorded for this company.
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 6
#
Shareholder
Shares (thou.)
% of Total
1
豊田通商株式会社
2,314
33.43%
2
MF資産管理合同会社
300
4.33%
3
細貝理栄
294
4.26%
4
株式会社みずほ銀行
237
3.44%
5
昭和産業株式会社
145
2.10%
6
株式会社ニップン
142
2.05%
7
細貝智博
64
0.93%
8
藤内依理子
58
0.84%
9
損害保険ジャパン株式会社
47
0.68%
10
ミヨシ油脂株式会社
39
0.56%
Domestic Nominees
0.0%
+0.0% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
52.6%
-5.8% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
豊田通商
33.43%
33.43%
33.43%
MF資産管理合同会社
4.33%
4.33%
4.33%
細貝理栄
4.26%
4.26%
4.26%
みずほ銀行
3.44%
3.43%
3.44%
+0.01%
昭和産業
NEW ENTRY
—
—
—
2.10%
NEW
式会社ニップン
NEW ENTRY
—
—
—
2.05%
NEW
細貝智博
NEW ENTRY
0.93%
—
0.93%
NEW
藤内依理子
NEW ENTRY
—
—
—
0.84%
NEW
損害保険ジャパン
NEW ENTRY
—
—
—
0.68%
NEW
ミヨシ油脂
NEW ENTRY
—
—
—
0.56%
NEW
平松裕将
last seen 2024
Exited Top 10
—
5.00%
—
昭和産業㈱)
last seen 2024
Exited Top 10
2.10%
2.10%
—
㈱ニップン
last seen 2024
Exited Top 10
2.05%
2.05%
—
東京短資
last seen 2024
Exited Top 10
—
1.70%
—
㈱SBI証券
last seen 2024
Exited Top 10
1.14%
1.19%
—
横井研介
last seen 2024
Exited Top 10
—
0.94%
—
楽天証券
last seen 2023
Exited Top 10
2.05%
—
—
日本マスタートラスト信託銀行
last seen 2023
Exited Top 10
2.98%
—
—
Concentration (HHI)
ⓘ
1190
1205
1177
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥0M
Holdings
6
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding
· Only one fiscal year available