Overview

NICHIRYO BAKING CO.,LTD.

Nichiryo Baking Co., Ltd. manufactures and sells bread, confectionery, cooked rice, and other food products, primarily serving the Hokkaido market. The company offers a broad product lineup including shokupan (white bread), sweet breads, sandwiches, and Danish pastries, with a strong emphasis on locally sourced Hokkaido ingredients such as Tokachi butter, Hokkaido-grown wheat flour, and Nakasatsunai edamame. As an equity-method affiliate of Yamazaki Baking Co., Ltd., Nichiryo benefits from a strategic capital and business alliance with Japan's largest bread manufacturer.

Market Cap
¥—B
EV
¥—B
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
—
LTM EV/EBIT
—
LTM PER
—
LTM PBR
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No price data
Stock data unavailable
This company is listed on a regional exchange (Nagoya/Fukuoka/Sapporo) and is not distributed via J-Quants (JPX). Stock price, market cap, and EV-based multiples are not available. Financial data from public filings (P&L, BS, directors, etc.) remains accurate for analysis.
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Performance & Balance
Revenue 5Y (¥B)
17.2US$109M'22/317.4US$111M'23/318.0US$115M'24/318.4US$118M'25/319.0US$121M'26/3
EBITDA 5Y (¥B)
0.77US$4.88M'22/30.69US$4.37M'23/30.77US$4.92M'24/30.84US$5.35M'25/30.68US$4.37M'26/3
Net Income 5Y (¥B)
0.15US$0.96M'22/30.05US$0.34M'23/30.21US$1.32M'24/30.21US$1.36M'25/30.07US$0.47M'26/3
Capital Structure
68%
32%
EquityD/E 0.47xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
2.73US$17.4M3.19US$20.3M'22/32.60US$16.6M2.85US$18.2M'23/32.24US$14.3M2.51US$16.0M'24/32.32US$14.8M2.37US$15.1M'25/32.62US$16.7M2.62US$16.7M'26/3
Shareholders
Top 10 hold 67.0%
1
YAMAZAKI BAKING CO.,LTD.
30.02%
2
NICHIRYO BAKING CO.,LTD. Business Partners' Stock Ownership Association
16.25%
3
ADEKA CORPORATION
5.02%
4
North Pacific Bank,Ltd.
4.96%
5
Soma Shoji Co., Ltd.
3.92%
6
NICHIRYO BAKING CO.,LTD. Employee Stock Ownership Association
3.27%
7
Seicomart Co., Ltd.
1.00%
8
MP Gokyo Food & Chemical Co., Ltd.
0.89%
9
Nippon Life Insurance Company
0.83%
10
Kushine Foodstuffs Co., Ltd.
0.79%
Management
12 officers
Susumu SASAKI
Chairman and Representative Director
Apr 1975 Joined Yamazaki Baking Co., Ltd. Mar 2005 General Manager, Suginami Plant, Yamazaki Baking Co., Ltd. Mar 2006 General Manager, Saitama Plant and General Manager, Saitama No. 1 Plant, Yamazaki Baking Co., Ltd. Mar 2010 General Manager, Nagoya Plant, Yamazaki Baking Co., Ltd. Mar 2012 Executive Officer and General Manager, Osaka No. 2 Plant, Yamazaki Baking Co., Ltd. Mar 2014 Executive Officer and General Manager, Yokohama No. 2 Plant, Yamazaki Baking Co., Ltd. Dec 2020 Representative Director and President, Sapporo Paris Co., Ltd. Aug 2023 Special Advisor, the Company Oct 2023 Chairman and Representative Director, the Company (current)
1953-03-07
Katsuhiko YOSHIDA
Representative Director, President
Mar 1976 Joined the Company Sep 1992 General Manager, Manufacturing Department, Hokkaido Headquarters, the Company Jun 1996 Director, the Company Jun 2004 Director and Executive Officer, the Company Jun 2006 Director and Senior Managing Executive Officer, the Company Jun 2007 Representative Director, President and President Executive Officer, the Company Jun 2010 Representative Director, President, the Company (current)
1951-12-02
Kenji WATANABE
Managing Director; General Manager in charge of overall Manufacturing Division, Food Safety and Hygiene Management Headquarters, and Procurement
Apr 1976 Joined Yamazaki Baking Co., Ltd. Mar 2013 General Manager, Saitama No. 2 Higashimurayama Plant, Saitama Plant, Yamazaki Baking Co., Ltd. Jul 2014 General Manager, Yokohama No. 1 Plant, Yamazaki Baking Co., Ltd. Nov 2015 Managing Executive Officer, the Company Jun 2016 Managing Director, the Company (current)
1958-02-08
Seiichi YOSHII
Managing Director; Overall Supervisor of Sales Division
Apr 1988 Joined Yamazaki Baking Co., Ltd. Sep 2014 General Manager, Chubu Wide-Area Distribution Sales Department, Wide-Area Distribution Sales Headquarters, Yamazaki Baking Co., Ltd. Mar 2016 General Manager, Kyushu Wide-Area Distribution Sales Department, Wide-Area Distribution Sales Headquarters, Yamazaki Baking Co., Ltd. Mar 2017 General Manager, Hokkaido Wide-Area Distribution Sales Department, Wide-Area Distribution Sales Headquarters, Yamazaki Baking Co., Ltd. Mar 2024 Advisor, the Company Jun 2024 Managing Director, the Company (current)
1963-09-25
Yoshihisa SHIOMI
Managing Director; in charge of Manufacturing Division and General Manager, Manufacturing Headquarters
Apr 1994 Joined the Company Apr 2013 General Manager, Kushiro Plant, the Company Apr 2015 Executive Officer, the Company Apr 2017 Managing Executive Officer, the Company Jun 2019 Director, the Company Jun 2022 Managing Director, the Company Oct 2023 Director, the Company Jun 2025 Managing Director, the Company (current)
1972-02-12
Mitsumasa SAKAI
Director
Apr 1977 Joined Yamazaki Baking Co., Ltd. Jun 2007 Director, Fujiya Co., Ltd. Mar 2016 Executive Officer and General Manager, Sendai Plant, Yamazaki Baking Co., Ltd. Mar 2019 Executive Officer, attached to Production Supervision Headquarters, Yamazaki Baking Co., Ltd. Mar 2019 Advisor, the Company Jun 2019 Representative Director and Vice President, the Company Oct 2023 Resigned as Representative Director and Vice President, the Company Oct 2023 Special Advisor, Yamazaki Baking Co., Ltd. Mar 2024 Managing Director, Yamazaki Baking Co., Ltd. (current) Jun 2024 Director, the Company (current)
1954-04-06
Koji ONUMA
Director; in charge of Sales Division and General Manager, Sales and Distribution Headquarters
Apr 1986 Joined the Company Apr 2013 General Manager, Operations Department, Sales Headquarters, the Company Apr 2015 Executive Officer, the Company Apr 2018 Managing Executive Officer, the Company Jun 2020 Director, the Company (current)
1963-09-15
Hideyuki NASU
Director; in charge of Administration Division and Internal Control, and General Manager, Accounting Headquarters
Apr 1983 Joined the Company Aug 2009 General Manager, Accounting Department, Administration Headquarters, the Company Apr 2015 Executive Officer, the Company Jun 2020 Director, the Company (current)
1960-09-29
Junya KOBAYASHI
Director
Apr 2000 Registered as Judicial Scrivener Nov 2007 Entered Legal Training and Research Institute; registration as Judicial Scrivener temporarily cancelled due to entry Dec 2008 Registered as Attorney at Law; joined Tamura & Hashiba Law Office Aug 2009 Re-registered as Judicial Scrivener Feb 2013 Opened Junya Kobayashi Law Office (current) Jun 2024 Director, the Company (current)
1973-08-18
Koki OTSUKA
Full-time Corporate Auditor
Apr 1988 Joined the Company Apr 2015 General Manager, General Affairs Department, General Affairs Headquarters, the Company Apr 2018 Executive Officer, the Company Jun 2024 Corporate Auditor, the Company (current)
1962-10-30
Yosuke JITSUSHIGE
Corporate Auditor
Dec 2008: Registered as attorney-at-law; joined Ito Law & Accounting Office (currently Ito & Jitsushige Law & Accounting Office) Jan 2013: Appointed Partner, Ito & Jitsushige Law & Accounting Office Jun 2017: Corporate Auditor of the Company (current) Mar 2021: Assumed Representative, Ito & Jitsushige Law & Accounting Office (current)
1975-12-07
Satoshi ISHIKAWA
Corporate Auditor
Apr 1995 Joined Yamazaki Baking Co., Ltd. Aug 2011 Assistant Manager, Accounting Section, Accounting Department, Accounting Headquarters, Yamazaki Baking Co., Ltd. Mar 2017 Manager, Accounting Section, Accounting Department, Accounting Headquarters, Yamazaki Baking Co., Ltd. Mar 2019 Deputy General Manager, Accounting Department, Accounting Headquarters, Yamazaki Baking Co., Ltd. Jun 2022 Corporate Auditor, the Company (current) Mar 2024 Acting General Manager, Accounting Department, Accounting Headquarters, Yamazaki Baking Co., Ltd. Mar 2026 General Manager, Accounting Department, Accounting Headquarters, Yamazaki Baking Co., Ltd. (current)
1972-01-13
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-28
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-23
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-01-29
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-12
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-07-25
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-01-31
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-25
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-28
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINETAmended
2023-10-25
Amended Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-07-28
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINETAmended
2023-07-28
Amended Quarterly Securities Report
Period: Jul 2022 – Sep 2022
EDINETAmended
2023-07-28
Amended Quarterly Securities Report
Period: Jul 2020 – Sep 2020
EDINETAmended
2023-07-28
Amended Quarterly Securities Report
Period: Jul 2019 – Sep 2019
EDINETAmended
2023-07-28
Amended Annual Securities Report
Period: Apr 2020 – Mar 2021
EDINETAmended
2023-07-28
Amended Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINETAmended
2023-07-28
Amended Quarterly Securities Report
Period: Apr 2022 – Jun 2022
EDINETAmended
2023-07-28
Amended Quarterly Securities Report
Period: Oct 2019 – Dec 2019
EDINETAmended
2023-07-28
Amended Quarterly Securities Report
Period: Apr 2019 – Jun 2019
EDINETAmended
2023-07-28
Amended Annual Securities Report
Period: Apr 2021 – Mar 2022
EDINETAmended
2023-07-28
Amended Annual Securities Report
Period: Apr 2019 – Mar 2020
EDINETAmended
2023-07-28
Amended Quarterly Securities Report
Period: Jul 2021 – Sep 2021
EDINETAmended
2023-07-28
Amended Quarterly Securities Report
Period: Apr 2020 – Jun 2020
EDINETAmended
2023-07-28
Amended Quarterly Securities Report
Period: Oct 2020 – Dec 2020
EDINETAmended
2023-07-28
Amended Quarterly Securities Report
Period: Apr 2021 – Jun 2021
EDINETAmended
2023-07-28
Amended Quarterly Securities Report
Period: Oct 2021 – Dec 2021
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