Yamazaki Baking Balance Sheet

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	174,524	152,443	134,937	125,184	138,143	108,588
Cash & Short-Term Investments	174,524	152,443	134,937	125,184	138,143	108,588
Cash Growth	25.50%	12.97%	7.79%	-9.38%	27.22%	-2.27%
Receivables	109,971	140,722	134,772	123,316	114,201	112,257
Inventory	38,435	32,647	29,681	28,128	24,545	23,196
Other Current Assets	16,099	15,592	15,397	14,693	13,095	12,214
Total Current Assets	339,029	341,404	314,787	291,321	289,984	256,255
Property, Plant & Equipment	361,805	358,597	347,586	332,385	328,527	315,572
Long-Term Investments	147,420	136,127	107,403	94,017	93,395	94,901
Goodwill	6,008	7,168	9,052	10,518	10,764	12,030
Other Intangible Assets	12,045	12,029	12,365	12,847	11,494	9,451
Long-Term Deferred Tax Assets	8,255	9,125	9,621	16,129	22,309	25,409
Other Long-Term Assets	2	1	3	2	2	1
Total Assets	875,098	865,105	802,035	758,031	757,352	714,443
Accounts Payable	85,904	91,424	89,239	83,496	76,414	75,466
Accrued Expenses	54,159	48,479	47,334	44,265	46,586	44,650
Short-Term Debt	58,142	60,302	55,608	55,795	60,913	50,716
Current Portion of Leases	3,343	3,679	3,551	3,159	2,942	1,499
Current Income Taxes Payable	6,312	11,674	11,576	6,273	5,793	6,179
Other Current Liabilities	44,410	54,395	50,569	44,353	42,638	38,452
Total Current Liabilities	252,270	269,953	257,877	237,341	235,286	216,962
Long-Term Debt	36,564	32,373	16,690	22,779	29,172	16,601
Long-Term Leases	4,336	4,693	4,282	4,476	4,831	2,879
Pension & Post-Retirement Benefits	82,093	80,220	63,406	73,393	94,155	104,294
Other Long-Term Liabilities	19,258	17,381	13,649	12,146	11,692	11,325
Total Liabilities	394,521	404,620	355,904	350,135	375,136	352,061
Common Stock	11,014	11,014	11,014	11,014	11,014	11,014
Additional Paid-In Capital	9,632	9,632	9,632	9,632	9,633	9,660
Retained Earnings	395,404	374,629	343,395	317,816	310,080	299,251
Treasury Stock	-55,516	-51,852	-26,185	-21,891	-14,817	-5,241
Comprehensive Income & Other	71,077	68,726	62,281	47,167	26,663	15,802
Total Common Equity	431,611	412,149	400,137	363,738	342,573	330,486
Minority Interest	48,966	48,336	45,994	44,158	39,643	31,896
Shareholders' Equity	480,577	460,485	446,131	407,896	382,216	362,382
Total Liabilities & Equity	875,098	865,105	802,035	758,031	757,352	714,443
Total Debt	102,385	101,047	80,131	86,209	97,858	71,695
Net Cash (Debt)	72,139	51,396	54,806	38,975	40,285	36,893
Net Cash Growth	11.93%	-6.22%	40.62%	-3.25%	9.19%	7.06%
Net Cash Per Share	364.05	254.84	265.58	186.23	188.66	169.71
Filing Date Shares Outstanding	197.55	197.55	202.58	205.95	208.64	212.84
Total Common Shares Outstanding	197.55	198.88	205.95	208.64	212.84	217.39
Working Capital	86,759	71,451	56,910	53,980	54,698	39,293
Book Value Per Share	2184.77	2072.34	1942.84	1743.42	1609.57	1520.24
Tangible Book Value	413,558	392,952	378,720	340,373	320,315	309,005
Tangible Book Value Per Share	2093.38	1975.81	1838.85	1631.43	1504.99	1421.42

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.