First Baking Co., Ltd.
PosiFunda Ratios Only on PositoAI
PositoAI's own ratios from First Baking Co., Ltd.'s yearly results (2022–2025), compared with Consumer Defensive companies in Japan. Tap ? on any ratio for what it means.
What stands out
- Profit Cash Ratio: Over the last 3 years, every ¥100 of reported profit came with ¥52 of operating cash. Lower than 95% of Consumer Defensive companies in Japan.
- Cash Cushion Ratio: Cash, after subtracting all debt, equals 70% of its market value (net cash). Higher than 95% of Consumer Defensive companies in Japan.
- Growth Efficiency Ratio: Sales grew 18% in 3 years; of every extra ¥100 of sales, ¥33 became extra profit. Higher than 89% of Consumer Defensive companies in Japan.
Where ¥100 of sales goes
Latest year (Dec 2025). Taxes and other income are not shown, so the parts need not add up to 100.
Cash quality
Profit Cash Ratio
¥52Over the last 3 years, every ¥100 of reported profit came with ¥52 of operating cash.
Lower than 95% of Consumer Defensive companies in Japan.
Self-Funding Ratio
0.6×Over the last 3 years its own operating cash paid for 58% of its investment spending (capex); the rest came from other sources such as borrowing, cash reserves or new shares.
Lower than 88% of Consumer Defensive companies in Japan.
Cash Locked Ratio
¥8For every ¥100 of sales, ¥8 is tied up in day-to-day operations (money owed by customers + stock − money owed to suppliers), against ¥9 tied up three years earlier.
Less money tied up than 55% of Consumer Defensive companies in Japan.
Growth quality
Steadiness Ratio
3/3 · 2/3Sales grew in 3 of the last 3 years; profit grew in 2 of 3.
Steadier than 64% of Consumer Defensive companies in Japan.
Growth Efficiency Ratio
¥33Sales grew 18% in 3 years; of every extra ¥100 of sales, ¥33 became extra profit.
Higher than 89% of Consumer Defensive companies in Japan.
Asset Productivity Ratio
+18% / -4%In 3 years sales changed by +18% while total assets changed by -4%. Sales grew faster than assets.
Balance-sheet strength
Debt Due Cover Ratio
No debt dueNo debt falls due within a year, according to the latest yearly balance sheet.
Cash Cushion Ratio
+70%Cash, after subtracting all debt, equals 70% of its market value (net cash).
Higher than 95% of Consumer Defensive companies in Japan.
Tangible Assets Ratio
100%Of every ¥100 the company owns, ¥100 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles.
More tangible than 87% of Consumer Defensive companies in Japan.
Tangible Net Worth Ratio
99%Of every ¥100 of net worth, ¥99 is tangible; the rest is goodwill and other intangibles, often from buying other companies.
More tangible than 85% of Consumer Defensive companies in Japan.
Shareholders
Standard fundamentals
P/E, P/B, ROE, debt, growth and more (14)
First Baking Co., Ltd. owes ¥0.44 for every ¥1 it owns. Net profit fell 84% in the year to Dec 2025.
Compared with Consumer Defensive companies in Japan · latest annual results Dec 2025.
P/E ratio
9.3Investors pay ¥9.3 for every ¥1 of First Baking Co., Ltd.'s yearly profit, lower than 82% of Consumer Defensive companies in Japan.
P/B ratio
0.49The share price is 0.49 times First Baking Co., Ltd.'s book value per share, lower than 97% of Consumer Defensive companies in Japan.
Market cap
¥4.3 BThe total market value of all of First Baking Co., Ltd.'s shares at today's price (share price × number of shares), smaller than 86% of Consumer Defensive companies in Japan. PosiCap size class: Micro Cap.
Net worth (book value)
¥8.8 BWhat First Baking Co., Ltd. would have left on paper if it sold everything it owns and paid everything it owes, from its latest balance sheet (30 Jun 2026).
Book value per share
¥1,266Net worth divided by the number of shares. The share price of ¥621.00 is 0.5 times this, which is the P/B above.
Return on equity (ROE)
5.5%First Baking Co., Ltd. earned 5.5% on its shareholders' money over the last year, lower than 66% of Consumer Defensive companies in Japan.
Owes vs Owns
0.44×First Baking Co., Ltd. owes ¥0.44 for every ¥1 it owns (low), higher than 51% of Consumer Defensive companies in Japan.
Dividend yield
NoneFirst Baking Co., Ltd. does not currently pay a dividend.
Revenue growth
+7%Revenue rose 7% in the year to Dec 2025, and grew 6% a year on average over 3 years.
Profit growth
-84%Net profit fell 84% in the year to Dec 2025.
Profit margin
1.1%First Baking Co., Ltd. keeps ¥1 of every ¥100 of revenue as net profit.
Cash quality
0.2×Cash from First Baking Co., Ltd.'s business was 0.2× its reported profit in the year to Dec 2025 — less cash came in than the profit reported.
Interest cover
29.3×First Baking Co., Ltd.'s operating profit covered its interest costs 29.3 times in the year to Dec 2025.
Cash vs debt
Net cashFirst Baking Co., Ltd. held ¥3.0 B more cash than debt (net cash) at Dec 2025.
Questions
What is First Baking Co., Ltd.'s P/E ratio?
Investors pay ¥9.3 for every ¥1 of First Baking Co., Ltd.'s yearly profit, lower than 82% of Consumer Defensive companies in Japan.
How is P/B calculated on PositoAI?
P/B is market cap divided by net worth from the latest balance sheet. For First Baking Co., Ltd.: ¥4.3 B ÷ ¥8.8 B (30 Jun 2026) = 0.5.
What is First Baking Co., Ltd.'s return on equity?
First Baking Co., Ltd. earned 5.5% on its shareholders' money over the last year, lower than 66% of Consumer Defensive companies in Japan.
How much does First Baking Co., Ltd. owe compared with what it owns?
First Baking Co., Ltd. owes ¥0.44 for every ¥1 it owns (low), higher than 51% of Consumer Defensive companies in Japan.
Does First Baking Co., Ltd. pay a dividend?
No. First Baking Co., Ltd. does not currently pay a dividend.
Is First Baking Co., Ltd.'s revenue growing?
Revenue rose 7% in the year to Dec 2025, and grew 6% a year on average over 3 years.
Figures from the company's yearly results and PositoAI's own data. Full tables are on the Go Deep tab. What each figure means. PositoAI is for research and education only and is not investment advice.