Yamazaki Baking Co., Ltd. Provides Consolidated Earnings Guidance for the Second Quarter and Full Year of Fiscal Year Ending December 31, 2023
February 14, 2023 at 01:00 am EST
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Yamazaki Baking Co., Ltd. provided consolidated earnings guidance for the second quarter and full year of fiscal year ending December 31, 2023. For the second quarter ending, the company expects net sales of JPY 550,000 million, operating profit of JPY 15,200 million, profit attributable to owners of parent of JPY 9,200 million and basic earnings per share of JPY 44.10.
For the full year, the company expects net sales of JPY 1,108,000 million, operating profit of JPY 27,000 million, profit attributable to owners of parent of JPY 15,000 million and basic earnings per share of JPY 71.90.
YAMAZAKI BAKING CO., LTD. is a Japan-based company mainly engaged in the food business. The Company operates in three business segments. The Food segment manufactures bread, Japanese and western confectionery and sells its products to family-operated retailers, mass retailers, convenience stores and other retailers. The segment is also involved in the manufacture and sale of bakery products, the operation of bakery cafes in both domestic and overseas markets. The Distribution segment is engaged in the operation of convenience stores and food supermarkets. The Others segment is engaged in the logistics business, the design, supervision and construction of food manufacturing facilities, the non-life insurance agency business, as well as the manufacture and sale of cleaning agents for baking equipment.
YAMAZAKI BAKING CO., LTD. 
