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BASE Inc, Apr-Jun (2Q) Ordinary Profit Decreases by 45%

Tue Aug 5, 2025 3:30 pm JST Earnings

4477 BASE,Inc. 【J-GAAP】

Earnings Report

BASE,Inc. <4477> [TSE Growth] announced its financial results after the market closed on August 5th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending December 2025 (January to June) increased 12.4% from the same period last year, reaching 579 million yen. Progress toward the full-year plan of 984 million yen was 58.8%, it was below the same period of the previous year of 64.7%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the July to December period (second half) is expected to expand 44.1% from the same period last year, reaching 405 million yen.

In the most recent three-month period, from April to June (2Q), the consolidated ordinary profit dropped to 167 million yen, a 45.1% decrease compared to the same period last year. The operating profit margin drastically worsened from 8.1% in the same period last year to 4.0%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Jun, 2023 5,360 -287 -280 -372 -3.3 ー Aug 3, 2023 J-GAAP
Jan - Jun, 2024 7,325 508 515 451 3.9 64.7 Aug 6, 2024 J-GAAP
Jan - Jun, 2025 9,144 570 579 446 3.9 58.8 Aug 5, 2025 J-GAAP
YoY +24.8% +12.2% +12.4% -1.1% -0.8%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Guidance ー ー ー ー － 0 Feb 14, 2025 J-GAAP
Jan - Jun, 2025 Results 9,144 570 579 446 3.9 0 Aug 5, 2025 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 8,656 264 281 -111 -1.0 0 Feb 14, 2025 J-GAAP
Jul - Dec, 2025 Guidance 10,456 430 405 801 7.0 0 Aug 5, 2025 J-GAAP
YoY +20.8% +62.9% +44.1% － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 11,680 -425 -409 -606 -5.3 0 Feb 8, 2024 J-GAAP
Dec, 2024 15,981 772 796 340 2.9 0 Feb 14, 2025 J-GAAP
Dec, 2025 Guidance 19,600 1,000 984 1,247 10.8 0 Feb 14, 2025 J-GAAP
YoY +22.6% +29.5% +23.6% +266.8% +268.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 3,734 302 304 238 2.1 8.1 Aug 6, 2024 J-GAAP
Jul - Sep, 2024 3,972 291 299 236 2.1 7.3 Nov 6, 2024 J-GAAP
Oct - Dec, 2024 4,684 -27 -18 -347 -3.0 -0.6 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 4,571 389 412 322 2.8 8.5 May 8, 2025 J-GAAP
Apr - Jun, 2025 4,573 181 167 124 1.1 4.0 Aug 5, 2025 J-GAAP
YoY +22.5% -40.1% -45.1% -47.9% -47.6%

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