# Yamazaki Baking vs Nissin Foods Holdings

> Unit: JPY millions (ratios in %)
> Periods: Yamazaki Baking = FY ending Dec 2025, consolidated, J-GAAP / Nissin Foods Holdings = FY ending Mar 2026, consolidated, IFRS
> Retrieved: 2026-09-30T23:26:13.005Z

| Metric | Yamazaki Baking | Nissin Foods Holdings |
| --- | ---: | ---: |
| Revenue | 1,311,430 | 788,131 |
| Operating income | 61,141 | 62,330 |
| Net income | 40,893 | 45,380 |
| COGS ratio | 67.3% | 65.9% |
| Operating margin | 4.7% | 7.9% |
| Net margin | 3.1% | 5.8% |
| FCF margin | 2.0% | -0.5% |
| Period | FY ending Dec 2025 | FY ending Mar 2026 |
| Source | S100XQ5C | S100YEWB |

## Five-axis industry profile

Each axis shows a rank within that company's primary industry, so peer groups may differ. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

| Axis | Yamazaki Baking | Nissin Foods Holdings |
| --- | ---: | ---: |
| Revenue growth | 61.6 (56 peers) | 81.3 (56 peers) |
| Profitability | 57.5 (60 peers) | 82.5 (60 peers) |
| Cash conversion | 58.8 (57 peers) | 60.5 (57 peers) |
| Efficiency | 82.5 (60 peers) | 24.2 (60 peers) |
| Financial strength | — | — |

## Company details

- https://vizora.meequs.com/en/company/yamazaki-baking/md
- https://vizora.meequs.com/en/company/nissin-foods-holdings/md

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).