Source disclosure: February 24, 2026
FIRST BAKING CO.,LTD. [2215.T]
TOKYO, Feb 24 (Pulse News Wire) – First Baking CO.,LTD. (2215.T) reported that Toyota Tsusho Corporation holds a significant stake of 33.49% as of December 31, 2025.
The relationship began with a capital business alliance agreement signed on December 22, 2009, followed by a rights issue of ordinary shares totaling 21,251,000 on January 27, 2010. As of December 31, 2025, three out of six directors and one out of three auditors are appointed from Toyota Tsusho Corporation. Additionally, the company receives strategic advice through board meetings from two non-executive directors and one auditor from Toyota Tsusho. One executive director serves as deputy president overseeing operations, while another employee from Toyota Tsusho leads the corporate planning department.
Regarding transactions, First Baking CO.,LTD. conducted various domestic purchases amounting to ¥8.076 billion with Toyota Tsusho Corporation during the fiscal year ending December 31, 2025. The company maintains independent pricing based on market conditions for raw materials procurement, ensuring its operational autonomy. Toyota Tsusho Corporation does not engage in monetary lending or debt guarantees with First Baking CO.,LTD.
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