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

Yamazaki Baking Cash Flow Statement

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

Operating Activities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	61,569	55,636	45,821	23,218	19,955
Depreciation & Amortization	45,295	43,497	41,972	41,077	40,616
Loss (Gain) From Sale of Assets	3,651	2,600	2,528	2,957	3,102
Loss (Gain) From Sale of Investments	-1,211	-2,035	-405	290	182
Loss (Gain) on Equity Investments	-719	-681	-539	-585	-510
Other Operating Activities	-17,802	-16,402	-8,806	-7,657	-6,755
Change in Accounts Receivable	-8,338	-5,204	-8,001	-7,204	-1,159
Change in Inventory	-2,548	-2,997	-1,247	-3,255	-759
Change in Accounts Payable	2,184	2,049	4,718	5,965	1,410
Change in Other Net Operating Assets	-3,211	-2,489	-2,352	-2,033	989
Operating Cash Flow	78,870	73,974	73,689	52,773	57,071
Operating Cash Flow Growth	6.62%	0.39%	39.63%	-7.53%	21.02%

Investing Activities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-50,788	-43,055	-38,175	-36,744	-36,599
Sale of Property, Plant & Equipment	776	189	154	124	134
Cash Acquisitions	-	-	-5,268	448	-
Sale (Purchase) of Intangibles	-2,506	-2,614	-2,280	-3,824	-2,100
Investment in Securities	562	3,447	819	-877	1,462
Other Investing Activities	-3,974	-1,543	-924	-1,120	-681
Investing Cash Flow	-55,859	-43,492	-45,659	-41,984	-37,790

Financing Activities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	-	2,315	1,269	-	2,155
Long-Term Debt Issued	18,514	27,520	3,250	5,107	29,714
Total Debt Issued	18,514	29,835	4,519	5,107	31,869
Short-Term Debt Repaid	-3,668	-	-	-109	-
Long-Term Debt Repaid	-12,070	-9,634	-10,804	-16,759	-11,319
Total Debt Repaid	-15,738	-9,634	-10,804	-16,868	-11,319
Net Debt Issued (Repaid)	2,776	20,201	-6,285	-11,761	20,550
Repurchase of Common Stock	-3,664	-25,666	-4,294	-7,073	-9,576
Common Dividends Paid	-8,922	-5,136	-4,579	-4,670	-4,772
Other Financing Activities	-4,316	-4,437	-3,676	-3,191	-4,132
Financing Cash Flow	-14,126	-15,038	-18,834	-26,695	2,070

Net Cash Flow

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	600	308	827	1,970	927
Miscellaneous Cash Flow Adjustments	-1	605	-1	-	8,374
Net Cash Flow	9,484	16,357	10,022	-13,936	30,652

Free Cash Flow

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	28,082	30,919	35,514	16,029	20,472
Free Cash Flow Growth	-9.18%	-12.94%	121.56%	-21.70%	62.59%
Free Cash Flow Margin	2.14%	2.48%	3.02%	1.49%	1.94%
Free Cash Flow Per Share	142.00	153.31	172.09	76.59	95.87
Levered Free Cash Flow	25,241	27,854	33,899	6,470	15,410
Unlevered Free Cash Flow	26,160	28,392	34,361	6,940	15,902

Additional Metrics

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	1,457	845	520	765	774
Cash Income Tax Paid	17,799	16,410	9,009	8,286	8,779
Change in Working Capital	-11,913	-8,641	-6,882	-6,527	481

Data Source: S&P Global Market Intelligence Last updated: Oct 27, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 2, 2026

Data Sources Report a data error