Yamazaki Baking Ratios and Metrics

Market cap in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 3, 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
Market Capitalization	669,477	650,548	585,408	662,350	328,392	325,213
Market Cap Growth	23.62%	11.13%	-11.62%	101.70%	0.98%	-13.23%
Enterprise Value	660,264	627,375	568,182	658,499	315,521	309,878
Last Close Price	3400.00	3293.00	2891.60	3110.77	1510.69	1446.78
PE Ratio	16.44	15.91	16.26	21.96	26.55	31.34
Forward PE	15.62	14.93	15.19	30.42	25.96	26.98
PS Ratio	0.51	0.50	0.47	0.56	0.31	0.31
PB Ratio	1.31	1.27	1.27	1.49	0.81	0.85
P/TBV Ratio	1.52	1.47	1.49	1.75	0.97	1.01
P/FCF Ratio	23.84	23.17	18.93	18.65	20.49	15.89
P/OCF Ratio	8.49	8.25	7.91	8.99	6.22	5.70
EV/Sales Ratio	0.50	0.48	0.46	0.56	0.29	0.29
EV/EBITDA Ratio	6.16	5.89	5.96	7.85	5.00	5.25
EV/EBIT Ratio	10.67	10.26	10.95	15.69	14.32	16.88
EV/FCF Ratio	23.51	22.34	18.38	18.54	19.68	15.14
Debt / Equity Ratio	0.20	0.20	0.22	0.18	0.21	0.26
Debt / EBITDA Ratio	0.97	0.97	1.06	0.95	1.37	1.66
Debt / FCF Ratio	3.69	3.69	3.27	2.26	5.38	4.78
Net Debt / Equity Ratio	-0.12	-0.12	-0.11	-0.12	-0.10	-0.10
Net Debt / EBITDA Ratio	-0.56	-0.56	-0.54	-0.65	-0.62	-0.68
Net Debt / FCF Ratio	-2.14	-2.14	-1.66	-1.54	-2.43	-1.97
Asset Turnover	1.46	1.46	1.49	1.51	1.42	1.43
Inventory Turnover	26.04	26.04	26.93	27.56	27.85	28.70
Quick Ratio	1.14	1.14	1.09	1.05	1.05	1.07
Current Ratio	1.33	1.33	1.26	1.22	1.23	1.23
Return on Equity (ROE)	8.95%	8.95%	8.41%	7.41%	3.67%	3.35%
Return on Assets (ROA)	4.25%	4.25%	3.89%	3.36%	1.82%	1.56%
Return on Invested Capital (ROIC)	10.05%	10.04%	8.88%	7.62%	3.87%	3.44%
Return on Capital Employed (ROCE)	9.30%	9.30%	8.70%	7.70%	4.20%	3.50%
Earnings Yield	6.11%	6.29%	6.15%	4.55%	3.77%	3.19%
FCF Yield	4.19%	4.32%	5.28%	5.36%	4.88%	6.30%
Dividend Yield	1.41%	-	1.56%	0.80%	1.46%	1.52%
Payout Ratio	21.82%	21.82%	14.26%	15.18%	37.76%	45.98%
Buyback Yield / Dilution	1.94%	1.94%	2.27%	1.39%	1.99%	1.77%
Total Shareholder Return	3.36%	1.94%	3.83%	2.20%	3.45%	3.29%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.