Yamazaki Baking Balance Sheet

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	168,261	163,820	152,443	134,937	125,184	138,143
Cash & Short-Term Investments	168,261	163,820	152,443	134,937	125,184	138,143
Cash Growth	6.14%	7.46%	12.97%	7.79%	-9.38%	27.22%
Receivables	124,381	149,510	140,722	134,772	123,316	114,201
Inventory	38,074	35,176	32,647	29,681	28,128	24,545
Other Current Assets	16,522	16,964	15,592	15,397	14,693	13,095
Total Current Assets	347,238	365,470	341,404	314,787	291,321	289,984
Property, Plant & Equipment	371,371	371,564	358,597	347,586	332,385	328,527
Long-Term Investments	91,434	166,924	136,127	107,403	94,017	93,395
Goodwill	5,540	5,723	7,168	9,052	10,518	10,764
Other Intangible Assets	12,356	12,389	12,029	12,365	12,847	11,494
Long-Term Deferred Tax Assets	6,129	9,225	9,125	9,621	16,129	22,309
Other Long-Term Assets	81,286	2	1	3	2	2
Total Assets	915,906	931,878	865,105	802,035	758,031	757,352
Accounts Payable	87,712	94,426	91,424	89,239	83,496	76,414
Accrued Expenses	58,449	50,937	48,479	47,334	44,265	46,586
Short-Term Debt	54,557	56,129	60,302	55,608	55,795	60,913
Current Portion of Leases	3,584	3,421	3,679	3,551	3,159	2,942
Current Income Taxes Payable	6,624	11,855	11,674	11,576	6,273	5,793
Other Current Liabilities	47,213	57,388	54,395	50,569	44,353	42,638
Total Current Liabilities	258,139	274,156	269,953	257,877	237,341	235,286
Long-Term Debt	36,862	39,303	32,373	16,690	22,779	29,172
Long-Term Leases	4,840	4,807	4,693	4,282	4,476	4,831
Pension & Post-Retirement Benefits	76,126	75,434	80,220	63,406	73,393	94,155
Other Long-Term Liabilities	26,346	27,351	17,381	13,649	12,146	11,692
Total Liabilities	402,313	421,051	404,620	355,904	350,135	375,136
Common Stock	11,014	11,014	11,014	11,014	11,014	11,014
Additional Paid-In Capital	9,691	9,691	9,632	9,632	9,632	9,633
Retained Earnings	406,485	406,573	374,629	343,395	317,816	310,080
Treasury Stock	-57,741	-55,517	-51,852	-26,185	-21,891	-14,817
Comprehensive Income & Other	92,723	88,119	68,726	62,281	47,167	26,663
Total Common Equity	462,172	459,880	412,149	400,137	363,738	342,573
Minority Interest	51,421	50,947	48,336	45,994	44,158	39,643
Shareholders' Equity	513,593	510,827	460,485	446,131	407,896	382,216
Total Liabilities & Equity	915,906	931,878	865,105	802,035	758,031	757,352
Total Debt	99,843	103,660	101,047	80,131	86,209	97,858
Net Cash (Debt)	68,418	60,160	51,396	54,806	38,975	40,285
Net Cash Growth	16.89%	17.05%	-6.22%	40.62%	-3.25%	9.19%
Net Cash Per Share	347.47	304.21	254.84	265.58	186.23	188.66
Filing Date Shares Outstanding	196.9	196.9	197.55	202.58	205.95	208.64
Total Common Shares Outstanding	196.9	197.55	198.88	205.95	208.64	212.84
Working Capital	89,099	91,314	71,451	56,910	53,980	54,698
Book Value Per Share	2347.18	2327.86	2072.34	1942.84	1743.42	1609.57
Tangible Book Value	444,276	441,768	392,952	378,720	340,373	320,315
Tangible Book Value Per Share	2256.30	2236.18	1975.81	1838.85	1631.43	1504.99

Source: S&P Global Market Intelligence. Standard template. Financial Sources.