Yamazaki Baking Co., Ltd. (TYO: 2212)

Yamazaki Baking Income Statement

Financials in millions JPY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	1,229,365	1,175,562	1,077,009	1,052,972	1,014,741	1,061,152
Revenue Growth (YoY)	10.48%	9.15%	2.28%	3.77%	-4.37%	0.16%
Cost of Revenue	826,804	796,516	733,401	685,116	661,123	686,356
Gross Profit	402,561	379,046	343,608	367,856	353,618	374,796
Selling, General & Admin	336,936	323,841	308,738	336,476	324,165	337,977
Operating Expenses	350,179	337,084	321,574	349,496	336,180	349,970
Operating Income	52,382	41,962	22,034	18,360	17,438	24,826
Interest Expense	-825	-740	-752	-787	-653	-716
Interest & Investment Income	2,091	1,803	1,505	1,441	1,317	1,299
Earnings From Equity Investments	733	539	585	510	402	368
Currency Exchange Gain (Loss)	993	503	879	546	-240	-
Other Non Operating Income (Expenses)	1,422	1,457	1,874	1,312	1,469	1,843
EBT Excluding Unusual Items	56,796	45,524	26,125	21,382	19,733	27,620
Gain (Loss) on Sale of Investments	3,506	3,087	-	-	69	-
Gain (Loss) on Sale of Assets	-1,575	-1,498	-1,509	-1,275	-1,545	-1,902
Asset Writedown	-932	-1,031	-1,449	-1,827	-1,276	-1,477
Other Unusual Items	-243	-262	50	1,675	-576	-897
Pretax Income	57,552	45,820	23,217	19,955	16,405	23,344
Income Tax Expense	17,822	14,190	8,728	7,475	8,423	8,531
Earnings From Continuing Operations	39,730	31,630	14,489	12,480	7,982	14,813
Minority Interest in Earnings	-2,048	-1,462	-2,121	-2,102	-1,026	-955
Net Income	37,682	30,168	12,368	10,378	6,956	13,858
Net Income to Common	37,682	30,168	12,368	10,378	6,956	13,858
Net Income Growth	116.56%	143.92%	19.18%	49.19%	-49.81%	2.39%
Shares Outstanding (Basic)	205	206	209	214	217	217
Shares Outstanding (Diluted)	205	206	209	214	217	217
Shares Change (YoY)	-1.42%	-1.39%	-1.99%	-1.77%	-	-0.14%
EPS (Basic)	184.01	146.19	59.10	48.60	32.00	63.75
EPS (Diluted)	184.01	146.19	59.10	48.60	32.00	63.75
EPS Growth	119.68%	147.37%	21.60%	51.89%	-49.81%	2.54%
Free Cash Flow	27,803	35,514	16,029	20,472	12,591	22,082
Free Cash Flow Per Share	135.77	172.09	76.59	95.87	57.92	101.58
Dividend Per Share	25.000	25.000	22.000	22.000	22.000	20.000
Dividend Growth	13.64%	13.64%	0%	0%	10.00%	0%
Gross Margin	32.75%	32.24%	31.90%	34.94%	34.85%	35.32%
Operating Margin	4.26%	3.57%	2.05%	1.74%	1.72%	2.34%
Profit Margin	3.07%	2.57%	1.15%	0.99%	0.69%	1.31%
Free Cash Flow Margin	2.26%	3.02%	1.49%	1.94%	1.24%	2.08%
EBITDA	95,216	83,934	63,111	58,976	56,384	63,546
EBITDA Margin	7.75%	7.14%	5.86%	5.60%	5.56%	5.99%
D&A For EBITDA	42,834	41,972	41,077	40,616	38,946	38,720
EBIT	52,382	41,962	22,034	18,360	17,438	24,826
EBIT Margin	4.26%	3.57%	2.05%	1.74%	1.72%	2.34%
Effective Tax Rate	30.97%	30.97%	37.59%	37.46%	51.34%	36.54%
Advertising Expenses	-	17,325	17,116	46,081	45,111	48,171

Source: S&P Capital IQ. Standard template. Financial Sources.