Yamazaki Baking Co (TSE:2212) Goodwill: 円5,723 Mil (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:2212 Yamazaki Baking Co Ltd TSE:2212
82 GF Score
Price 円3,337.00
GF Value 円3,388.21
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Yamazaki Baking Co Goodwill?

Yamazaki Baking Co TSE:2212 +2.52% 82 Goodwill is 円5,723 Mil as of Dec. 2025. GuruFocus rates TSE:2212 with a GF Score™ of 82/100 and a GF Value™ of 円3,388.21 (Fairly Valued). The stock has 1 warning sign investors should review.

A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. Yamazaki Baking Co's goodwill for the quarter that ended in Dec. 2025 was 円5,723 Mil.


Yamazaki Baking Co  (TSE:2212) Goodwill Explanation

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets.

It is calculated by dividing goodwill by total assets.

Yamazaki Baking Co's Goodwill-to-Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Goodwill-to-Asset (A: Dec. 2025 )=Goodwill/Total Assets
=5723/931878
=0.01

Yamazaki Baking Co's Goodwill-to-Asset Ratio for the quarter that ended in Dec. 2025 is calculated as

Goodwill-to-Asset (Q: Dec. 2025 )=Goodwill/Total Assets
=5723/931878
=0.01

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.

Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.

Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.


Yamazaki Baking Co Goodwill Related Terms


Yamazaki Baking Co Goodwill Historical Data

* Premium members only.

The historical data trend for Yamazaki Baking Co's Goodwill can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Yamazaki Baking Co Goodwill Chart

Yamazaki Baking Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Goodwill
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10,764.00 10,518.00 9,052.00 7,168.00 5,723.00

Yamazaki Baking Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Goodwill Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7,267.00 6,569.00 6,008.00 5,723.00 5,540.00
TSE:2212
82GF Score
Yamazaki Baking Co Ltd TSE:2212
Goodwill is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Yamazaki Baking Co Goodwill Calculation

A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. Goodwill is considered an intangible asset because it is not a physical asset like buildings or equipment. The goodwill account can be found in the assets portion of a company's balance sheet.

Frequently Asked Questions Learn more about Goodwill →
What does a Goodwill of 円5,723 Mil mean?
Yamazaki Baking Co (TSE:2212) has a Goodwill of 円5,723 Mil as of Dec. 2025. Goodwill is the intangible assets representing the value in excess of the acquired company's value. View historical data on Yamazaki Baking Co and its competitors.
Is Yamazaki Baking Co's Goodwill too high?
Yamazaki Baking Co's current Goodwill is 円5,723 Mil. Overall, Yamazaki Baking Co has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Yamazaki Baking Co's Goodwill compare to KHC and GIS?
Yamazaki Baking Co's Goodwill of 円5,723 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Goodwill for a Consumer Packaged Goods company?
A good Goodwill depends on the Consumer Packaged Goods industry context. However, Goodwill should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Goodwill mean?
A high Goodwill can signal that a stock is expensive relative to its fundamentals. Goodwill is the intangible assets representing the value in excess of the acquired company's value. View historical data on Yamazaki Baking Co and its competitors. Yamazaki Baking Co's current Goodwill is 円5,723 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yamazaki Baking Co stock overvalued right now?
Based on GuruFocus' analysis, Yamazaki Baking Co (TSE:2212) is currently considered Fairly Valued. The stock's GF Value™ is 円3,388.21, compared to a current price of 円3,337.00 — trading 1.5% below its estimated fair value. The current Goodwill is 円5,723 Mil. Yamazaki Baking Co's overall GF Score™ is 82/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Goodwill calculated?
Goodwill is calculated from a company's financial statements. For Yamazaki Baking Co (TSE:2212), the current Goodwill is 円5,723 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Yamazaki Baking Co (TSE:2212) Overvalued in 2026?

Based on GuruFocus' analysis, Yamazaki Baking Co stock appears to be undervalued. The current stock price of 円3,337.00 is trading 1.5% below its estimated GF Value™ of 円3,388.21. GuruFocus considers Yamazaki Baking Co to be Fairly Valued.

Key valuation signals for TSE:2212:

  • Goodwill: 円5,723 Mil
  • GF Value™: 円3,388.21 vs. price of 円3,337.00 (1.5% below fair value)
  • GF Score™: 82/100 with 1 warning sign

No single metric tells the full story. See the TSE:2212 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Yamazaki Baking Co Business Description

Address 3-10-1 Iwamotocho, Chiyoda-ku, Tokyo, JPN, 101-8585
Yamazaki Baking Co Ltd is a Japan-based company specializing in the production of baked goods, including bread, pastries, and cakes. The company operates through Food, Distribution, and Other segments. The Food segment produces bread, confectionery, and bakery products, selling to retailers and running bakery cafes in Japan and abroad. The Distribution segment manages convenience stores and food supermarkets. The Others segment handles logistics, food plant design and construction, non-life insurance agency services, and the production of cleaning agents for baking equipment. It generates the majority of its revenue from the Food business segment.
82GF Score

Get the complete analysis for TSE:2212

Goodwill is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円3,337.00
Price
円3,388.21
GF Value