Overview
Foods

FIRST BAKING CO.,LTD.

Daiichi Ya Seipan is a Tokyo-based food manufacturer primarily engaged in the production and sale of bread and bakery products, as well as Japanese and Western confectioneries. The company also operates a cookie and biscuit manufacturing segment through its subsidiary Threestar Seika Co., Ltd., and manages in-group logistics via First Logistics Co., Ltd. In addition to its core food business, the company generates supplementary revenue through real estate leasing of company-owned land and buildings.

Market Cap
¥4.29B
US$27.3M
EV
¥1.21B
US$7.74M
Stock¥619▲+0.16%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
1.0
x
LTM EV/EBIT
1.8
x
LTM PER
9.3
x
LTM PBR
0.5
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-21.0%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Aug 17, 26Q2 FY2026/12 earnings announced
MC → EV Bridge
4.29BUS$27.3MMarket Cap0.00BUS$0.00M+ Debt3.06BUS$19.5M− Cash0.02BUS$0.10M− Inv. Sec.1.21BUS$7.74MEV
AI Briefing
Generating insights…
Performance & Balance
Revenue 5Y (¥B)
23.9US$152M'21/1224.4US$156M'22/1226.4US$169M'23/1227.2US$173M'24/1229.0US$185M'25/12
EBITDA 5Y (¥B)
-0.04-US$0.22M'21/12-0.09-US$0.60M'22/121.11US$7.10M'23/121.13US$7.17M'24/121.01US$6.47M'25/12
Net Income 5Y (¥B)
-0.74-US$4.71M'21/12-1.15-US$7.30M'22/120.47US$3.02M'23/122.06US$13.1M'24/120.32US$2.04M'25/12
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
2.67US$17.0M4.44US$28.3M'21/122.20US$14.0M3.58US$22.8M'22/123.08US$19.6M3.89US$24.8M'23/123.97US$25.3M0.03US$0.20M'24/123.02US$19.3M'25/12
Shareholders
Top 10 hold 55.5%
1
TOYOTA TSUSHO CORPORATION
33.43%
2
MF Asset Management LLC
4.33%
3
Rie HOSOGAI
4.26%
4
Mizuho Bank, Ltd.
3.44%
5
Sense LLC
3.30%
6
Showa Sangyo Co.,Ltd.
2.10%
7
NIPPN CORPORATION
2.05%
8
Tomohiro HOSOGAI
0.93%
9
Eriko TONAI
0.84%
10
Rakuten Securities, Inc. (Joint Account)
0.84%
Management
9 officers
Masanori HOSOGAI
Representative Director, President
Apr 1998 Joined Dai-Ichi Kangyo Bank, Ltd. (now Mizuho Bank, Ltd.) Oct 2003 Joined the Company Jan 2007 Assistant to General Manager, Administration Division; Leader, Management Improvement Project Mar 2007 Executive Officer; Leader, Management Improvement Project Dec 2007 Executive Officer; General Manager, Corporate Planning Office; Leader, Management Improvement Project Mar 2009 Director; General Manager, Corporate Planning Office; Leader, Management Improvement Project Mar 2010 Managing Director; General Manager, Administration Division Jan 2011 Managing Director; General Manager, Sales Division Mar 2011 Senior Managing Director, Bakery Petit Co., Ltd. Jan 2013 Managing Director; General Manager, Corporate Division and Accounting Department Dec 2013 Director, Three Star Confectionery Co., Ltd. Jan 2014 Representative Director, President, Three Star Confectionery Co., Ltd. Jan 2015 Managing Director, President; in charge of special matters Jul 2018 Designated Member, MF Asset Management LLC (current) Jan 2019 Representative Director, President of the Company (current) Jan 2023 Representative Director, Chairman, Three Star Confectionery Co., Ltd. (current) Feb 2023 Representative Director, President, Bakery Petit Co., Ltd. (current)
1975-05-02
Koichi SATO
Director
Apr 1997 Joined the Company Dec 2014 Deputy General Manager, Product Development Department, Product Division Dec 2017 General Manager, Product Development Department, and Leader, Japanese and Western Confectionery Group, Product Division Dec 2019 General Manager, Product Development Department, and Deputy General Manager, New Business and R&D Department Jan 2023 Executive Officer; General Manager, Product Development Department Mar 2025 Director and General Manager, Product Development Department Jan 2026 Director (current)
1972-11-02
Hideo KOMURO
Audit & Supervisory Board Member
Apr 1977 Joined the Company Mar 2011 Executive Officer; General Manager, Kansai Regional Headquarters Apr 2012 Executive Officer; General Manager, Product Division Mar 2013 Director; General Manager, Sales Division Mar 2013 Director, First Logistics Co., Ltd. Jan 2015 Director; General Manager, Corporate Division and Accounting Department Mar 2015 Director, Bakery Petit Co., Ltd. Oct 2015 Director; General Manager, Corporate Division Mar 2018 Executive Officer; General Manager, Corporate Division Jan 2019 Executive Officer; General Manager, Kansai Regional Headquarters Jan 2022 Assigned to the President's Office Feb 2022 Audit & Supervisory Board Member, Three Star Confectionery Co., Ltd. (current) Feb 2022 Audit & Supervisory Board Member, First Logistics Co., Ltd. (current) Feb 2022 Audit & Supervisory Board Member, Bakery Petit Co., Ltd. Mar 2022 Audit & Supervisory Board Member of the Company (current)
1954-12-19
Naoki KUROTSUCHI
Director, Vice President
Apr 1992 Joined Nozaki Sangyo Co., Ltd. (now JFE Shoji Trade Corporation) Apr 2009 Joined Toyota Tsusho Corporation Apr 2012 Leader, Sugar Raw Materials Group, Food Division Aug 2012 Toyota Tsusho U.K. Ltd. Apr 2016 Leader, Sugar Raw Materials Group, Grain Division No. 1 Apr 2019 Leader, Food Raw Materials Group, Food Division Apr 2020 Leader, Food Raw Materials Group, Food Business Division Apr 2021 Leader, Food Materials Group, Food Raw Materials Department Apr 2021 Director, Toyota Tsusho Sugar Trading Limited Apr 2023 Assigned to Food Raw Materials Department, Toyota Tsusho Corporation Apr 2024 Assigned to Food Materials Department, Toyota Tsusho Corporation Mar 2025 Director, Vice President of the Company (current) Mar 2025 Director, Three Star Confectionery Co., Ltd. (current) Mar 2025 Director, First Logistics Co., Ltd. (current)
1968-11-23
Chizuru HASEGAWA
Director
Dec 2010 Completed Legal Training (63rd class); registered as attorney-at-law Jan 2011 Joined Midosuji Law Office Apr 2018 Joined Tokyo Office of Midosuji Law Office Jan 2020 Partner Attorney, Midosuji Law Office (current) Mar 2024 Director of the Company (current)
1983-11-17
Shigeharu KATO
Director
Apr 1992 Joined Tomen Corporation (now Toyota Tsusho Corporation) Apr 2010 Leader, Wheat Group, Grain Division, Toyota Tsusho Corporation Apr 2013 General Manager, Food Planning Department, Toyota Tsusho Corporation Apr 2015 Senior Executive Vice President, Toyota Tsusho Asia Pacific Jun 2019 COO and Director, Toyota Tsusho Asia Pacific Apr 2020 General Manager, Grain Division No. 2, Toyota Tsusho Corporation Mar 2021 Outside Director of the Company Apr 2021 COO, Food and Lifestyle Industries Division, Toyota Tsusho Corporation Apr 2023 Assistant to CEO, Emerging Regions (South America) Division, Toyota Tsusho Corporation; Chairman and CEO, NovaAgri (current) Mar 2026 Director of the Company (current)
1970-01-09
Daisuke TANAKA
Director
Apr 1998 Joined Tomen Corporation (now Toyota Tsusho Corporation) Mar 2010 Executive Director, Premier Grain Sdn Bhd (Kuala Lumpur, Malaysia) Apr 2013 Leader, Toyota Tsusho Asia Pacific (Singapore) Group Apr 2015 Leader, Grain Group No. 1, Grain Division No. 1, Toyota Tsusho Corporation Apr 2016 Leader, Overseas Raw Materials Group, Grain Division No. 1, Toyota Tsusho Corporation Apr 2018 Executive Director, Toyota Tsusho Sugar Trading (London, U.K.) Apr 2019 CEO, Toyota Tsusho Sugar Trading (London, U.K.) Apr 2021 Leader, Food Agriculture Retail Group, Food Distribution Department, Toyota Tsusho Corporation Apr 2024 Leader, Sustainable Food Group, Food Solutions Department, Toyota Tsusho Corporation Apr 2025 General Manager, Agri Supply Chain Department, Toyota Tsusho Corporation (current) May 2025 Chairman, Feed Import and Export Council (current) Mar 2026 Director of the Company (current)
1974-07-15
Yutaka IEKI
Full-time Audit & Supervisory Board Member
Apr 1987 Joined Dai-Ichi Kangyo Bank, Ltd. (now Mizuho Bank, Ltd.) Apr 2010 General Manager, Conflict Management Office, Compliance Division, Mizuho Corporate Bank, Ltd. (now Mizuho Bank, Ltd.) Jul 2012 Audit Office Manager, Mizuho Corporate Bank, Ltd. Jul 2013 Audit Office Manager, Mizuho Bank, Ltd. Oct 2017 Senior Advisor, Kanda Branch Kanda No. 1 Department, Mizuho Bank, Ltd. Jul 2018 General Manager, Affiliated Business Department, Sano Gakuen Educational Corporation Mar 2020 Full-time Audit & Supervisory Board Member of the Company (current) Mar 2020 Audit & Supervisory Board Member, Three Star Confectionery Co., Ltd. (current) Mar 2020 Audit & Supervisory Board Member, Bakery Petit Co., Ltd. Mar 2020 Audit & Supervisory Board Member, First Logistics Co., Ltd. (current)
1963-07-11
Tatsuya KAWAMURA
Audit & Supervisory Board Member
Apr 1993 Joined Tomen Corporation (now Toyota Tsusho Corporation) Apr 2011 Leader, Nagoya Accounting Group No. 1, Operating Accounting Department, Toyota Tsusho Corporation Apr 2012 Leader, Nagoya Accounting Group No. 2, Operating Accounting Department, Toyota Tsusho Corporation Apr 2014 Leader, Tax Planning Group, Accounting Department, Toyota Tsusho Corporation Apr 2018 CFO, Toyota Tsusho Indonesia (Jakarta) Mar 2022 Audit & Supervisory Board Member of the Company (current) Jun 2022 Director, Toyo Shokuhin Co., Ltd. Jun 2022 Audit & Supervisory Board Member, Cradle Foods Co., Ltd. (current) Jul 2022 General Manager, Corporate Division, Toyo Shokuhin Co., Ltd. Apr 2024 Director and CFO, Toyo Shokuhin Co., Ltd. (current) Jun 2024 Audit & Supervisory Board Member, Vege Dream Kurihara Co., Ltd. (current)
1967-05-19
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-14
Q2 Earnings Flash
FY ending Dec 2026
EDINET
2026-08-14
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-05-15
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-27
Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-11-14
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-08-14
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-15
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-28
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-14
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-15
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-28
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-15
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-30
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-15
Quarterly Securities Report
EDINET
2022-05-16
Quarterly Securities Report
EDINET
2022-03-30
Annual Securities Report
EDINET
2021-11-15
Quarterly Securities Report
EDINET
2021-08-13
Quarterly Securities Report
EDINET
2021-05-17
Quarterly Securities Report
EDINET
2021-03-30
Annual Securities Report
Ask AI
I have this company's financials, ownership, and management on hand. Ask me anything from an M&A perspective.
End of Preview

Try the full product

Free demo (no time limit, up to 10 companies). Explore Comps, DCF, LBO, WACC on every screen. Excel export is on the paid plan.

Free Demo (No Time Limit, 10 Companies) →