yamazaki baking shares rose sharply wednesday morning after the japanese food company posted a 56 increase in firsthalf net profit and raised its fullyear guidance shares were recently 11 higher at 23045 yen after rising as much as 14 earlier yamazaki baking said tuesday after the market closed that its net profit climbed to 14055 billion yen 981 million for the six months ended june 30 from y902 billion a year earlier firsthalf revenue rose 68 from a year earlier to y56394 billion thanks to gains across all business lines yamazaki baking said it increased offerings of lowerpriced products as inflation prompted consumers to limit their spending revenue for its sweet buns business climbed 91 to y20417 billion the food company also said its businesses are faring well after it raised prices of some bread and buns on july 1 in response to the higher cost of raw materials as it also increased offerings of lowerpriced products yamazaki baking raised its forecasts for revenue and net profit for 2023 it now expects revenue to rise 52 to y1133 trillion up from its previous view of y1108 trillion and net profit to increase 62 to y2000 billion higher than the y1500 billion previously anticipated