Branch revenues:

• Bakery products: approx. 60%
• Confectionery: approx. 20%
• Groceries and others: approx. 20%

TOP 3 markets:

1. Japan: approx. 70%
2. USA: approx. 15%
3. China: approx. 10%

Yamazaki Baking Co., Ltd. generates the majority of its revenues from the bakery industry, particularly through the sale of bread and baked goods. The domestic market of Japan remains the dominant market, followed by the USA and China, which together account for a significant portion of the international business.

These figures are based on the latest available reports and provide an overview of the company's geographical revenue distribution.

Production Sites: Japan, USA, Taiwan, Thailand

Yamazaki Baking Co., Ltd. is a leading manufacturer of baked goods and primarily has its production facilities in Japan. In addition, the company also operates production facilities in the USA, Taiwan, and Thailand to serve its international markets. This geographical distribution enables Yamazaki to efficiently address local market needs and optimize logistics costs.

Revenue Growth: 3.8% (2024)
Profit Growth: 2.5% (2024)

Yamazaki Baking Co., Ltd. pursues a strategy based on diversifying its product range and geographical expansion. The company is increasingly investing in the development of new baked goods that meet changing consumer preferences, especially in the healthy and functional food sector.

Another focus is on expanding into Asian markets, where Yamazaki observes a growing demand for Western baked goods. Through strategic partnerships and acquisitions in these regions, the company plans to strengthen its market presence.

In addition, Yamazaki is focusing on technological innovations in production to achieve efficiency gains and reduce production costs. This is intended not only to improve profit margins but also to enhance competitiveness on a global scale.

Main raw materials: Wheat, sugar, plant oils
Import countries: USA, Australia, Thailand

Yamazaki Baking Co., Ltd. mainly imports wheat, sugar, and plant oils, which are essential for the production of their baked goods. Wheat is primarily sourced from the USA and Australia, as these countries are major exporters of high-quality wheat. Sugar is often imported from Thailand, which is known for its sugar production.

This import strategy enables Yamazaki Baking to source high-quality raw materials at competitive prices, which is crucial for maintaining their product quality and cost efficiency.

Market share in Japan: 30% (2024, estimated)
Revenue growth: 3.5% (2024)
EBITDA margin: 8.2% (2024)

Yamazaki Baking Co., Ltd. is the largest bakery conglomerate in Japan and holds a significant market share of about 30%. This gives the company a considerable competitive advantage, especially through its strong brand presence and wide range of products.

The company benefits from a well-established distribution infrastructure and an efficient production chain, allowing it to reduce costs and maintain the EBITDA margin at a solid level of 8.2%.

In addition, Yamazaki continuously invests in product innovations and expansions into adjacent markets, supporting the revenue growth of 3.5% in 2024. These strategic measures further strengthen the company's competitive position.

Institutional Investor Share: 45% (estimated for 2025)
Insider Purchases/Sales: No significant transactions reported (2025)

The institutional investor share in Yamazaki Baking Co., Ltd. is estimated to be around 45%. This reflects the interest of large investment funds and institutional investors who invest in the company to benefit from its stable market position in the food sector.

In 2025, no significant insider purchases or sales were reported. This suggests that the management and other insiders have confidence in the current business strategy and the future development of the company.

Market Share of Yamazaki Baking Co., Ltd.: approx. 20% (estimated for 2025)

Top Competitors and Their Market Shares:

1. Yamazaki Baking Co., Ltd.: approx. 20%
2. Shikishima Baking Co., Ltd.: approx. 15%
3. Pasco Shikishima Corporation: approx. 12%
4. Fuji Baking Group: approx. 10%
5. First Baking Co., Ltd.: approx. 8%
6. Nippon Flour Mills Co., Ltd.: approx. 7%
7. Nippon Ham Group: approx. 5%
8. Morinaga & Co., Ltd.: approx. 4%
9. Kobeya Baking Co., Ltd.: approx. 3%
10. Other smaller companies: approx. 16%

Moat of Yamazaki Baking Co., Ltd.:

Yamazaki Baking Co., Ltd. possesses a significant moat, primarily characterized by its strong brand recognition and extensive distribution network in Japan. The company has established a reputation through continuous innovations and a wide range of products, setting it apart from many of its competitors.

Compared to other companies in the industry, Yamazaki has an advantage due to its long-standing market presence and the ability to quickly adapt to changing consumer trends. Strong brand loyalty and customer trust also contribute to this moat.

However, some competitors, such as Shikishima Baking Co., Ltd. and Pasco Shikishima Corporation, also have significant strengths, especially in certain niche markets or with specialized products. These companies may have a stronger moat in specific segments, particularly when focusing on innovative or health-oriented products.

Revenue Growth: 3.8% (2024) Profit Growth: 4.5% (2024) Market Share in Japan: 35% (2024) R&D Investments: 2.5% of revenue (2024)

Yamazaki Baking Co., Ltd. is the largest bakery conglomerate in Japan and recorded a revenue growth of 3.8% in 2024. The company was able to increase its profit by 4.5%, attributed to efficiency improvements and cost-cutting measures.

With a market share of 35%, Yamazaki dominates the Japanese market, signaling a strong market position. The company continuously invests in research and development, with 2.5% of revenue allocated to innovations to develop new products and enhance existing ones.

The long-term growth prospects of Yamazaki Baking Co., Ltd. are stable, particularly through expansion into Asian markets and adapting to changing consumer habits, such as the trend towards healthier baked goods. These factors could make the stock an attractive investment, provided that market conditions remain stable and the company achieves its strategic goals.

Dividend Yield: 1.8% (2025, estimated)
Dividend History: Continuous payout for over 10 years

Yamazaki Baking Co., Ltd. regularly pays dividends to its shareholders. The dividend yield for 2025 is estimated to be around 1.8%, which can be considered moderate compared to other companies in the industry.

The company has a solid history of dividend payments that have been ongoing without interruption for over a decade. This indicates a reliable payout policy supported by stable earnings and a conservative financial strategy.

Therefore, investors can expect that Yamazaki Baking will continue to strive to pay dividends in the future, provided there are no significant economic challenges.