Yamazaki Baking net sales rise, but profitability mixed in Q1 2025

Yamazaki Baking (TSE:2212) reported a 3.9% increase in consolidated net sales to ¥318.73B for the first quarter of fiscal year 2025, compared to ¥306.66B in the same period last year, according to Japanese GAAP. However, operating profit only slightly increased to ¥16.82B, up 1.8% year-over-year, and ordinary profit decreased 4.8% to ¥16.55B due to foreign exchange losses. Profit attributable to owners of parent edged up 0.3% to ¥10.98B.