J.P. Morgan holds Yamazaki Baking stock at JPY 3,600 target

Published on 10/25/2026 at 02:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Citi kept its Buy rating at JPY 4,600 on October 23, 2026. Yamazaki Baking stock posted JPY 342.96 billion revenue in fiscal Q2.

Analyst targets diverge in October

J.P. Morgan maintained a JPY 3,600 target on October 23, 2026.
Fiscal second-quarter revenue reached JPY 342.96 billion on June 30, 2026.
Yamazaki Baking carried JPY 772.3 billion in market value on October 23, 2026.

Yamazaki Baking, JP3935600001, Illustration mit AI erstellt.

Yamazaki Baking (JP3935600001) drew a JPY 3,600 target from J.P. Morgan on October 23, 2026, which maintained its Hold rating. Markets Insider reported the analyst view. Citi held a Buy rating with a JPY 4,600 target on the same date, according to Markets Insider.

Targets diverge by JPY 1,000

The two October 23 targets frame a wide valuation debate. J.P. Morgan's JPY 3,600 target sits below the JPY 4,006.28 average target cited for the analyst consensus, while Citi's JPY 4,600 view stands above it. The contrast gives the upcoming results a clear test: operating figures must show whether the more constructive target is supported by earnings momentum.

What does the split imply?

The latest reported operating base is fiscal second-quarter revenue of JPY 342.96 billion for the period ended June 30, 2026. Yahoo Finance also reported fiscal second-quarter earnings of JPY 12.27 billion and a 3.58 percent profit margin for that period. Yahoo Finance identifies Yamazaki Baking as a packaged-foods company operating in food, distribution and other businesses.

Three dated stock events

On June 30, 2026, Yamazaki Baking reported fiscal second-quarter revenue of JPY 342.96 billion. On October 22, 2026, Citi set a JPY 4,600 target and a Buy rating, as reported by Markets Insider. On October 23, 2026, J.P. Morgan maintained Hold with a JPY 3,600 target, according to Markets Insider.

Earnings date is October 27, 2026

The next scheduled reporting date is October 27, 2026, according to Yahoo Finance. The same page lists December 29, 2026 as the ex-dividend date and a forward dividend of JPY 60.00.

Market value sets the backdrop

Yamazaki Baking had a market capitalization of JPY 772.3 billion on October 23, 2026. Its 52-week range was JPY 2,835.50 to JPY 4,106.00, with the latest Tokyo quote at JPY 3,922.00, according to Yahoo Finance. The figures leave the market focused on whether the October 27 report can narrow the gap between the J.P. Morgan and Citi views.