BASE, First Half Ordinary Profit Increases by 23%, Apr-Jun Ordinary Profit Increases by 21%

Thu Aug 14, 2025 3:30 pm JST Earnings

4481 BASE CO., LTD. 【J-GAAP】

BASE CO., LTD. <4481> [TSE Prime] announced its financial results after the market closed on August 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending December 2025 (January to June) increased 22.7% from the same period last year, reaching 2.95 billion yen. However, Progress toward the full-year plan of 6.27 billion yen was 47.1%, almost the same as the five-year average of 48.7%.

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 grow 17.3% from the same period last year, reaching 3.32 billion yen.

In the most recent three-month period, from April to June (2Q), the consolidated ordinary profit grew 21.0% from the same period last year, reaching 1.36 billion yen. The operating profit margin rose from 23.1% in the same period last year to 24.8%.

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Actual Performance and Financial Trends

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	9,165M	2,206M	2,221M	1,521M	83.6	47.3	Aug 14, 2023	J-GAAP
Jan - Jun, 2024	9,663M	2,401M	2,405M	1,656M	88.3	45.9	Aug 14, 2024	J-GAAP
Jan - Jun, 2025	11,014M	2,920M	2,952M	2,042M	110.6	47.1	Aug 14, 2025	J-GAAP
YoY	+14.0%	+21.6%	+22.7%	+23.3%	+25.3%

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	10,889M	2,920M	2,920M	2,010M	108.8	57	Feb 14, 2025	J-GAAP
Jan - Jun, 2025 Results	11,014M	2,920M	2,952M	2,042M	110.6	57	Aug 14, 2025	J-GAAP
Revision Rate	+1.1%	0.0%	+1.1%	+1.6%	+1.6%

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	10,567M	2,825M	2,831M	2,215M	118.5	52	Feb 14, 2025	J-GAAP
Guidance Jul - Dec, 2025	12,024M	3,352M	3,320M	2,275M	125.4	60	Aug 14, 2025	J-GAAP
YoY	+13.8%	+18.7%	+17.3%	+2.7%	+5.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	18,708M	4,702M	4,692M	3,433M	187.6	92	Feb 14, 2024	J-GAAP
Dec, 2024	20,230M	5,226M	5,236M	3,871M	207.1	102	Feb 14, 2025	J-GAAP
Guidance Dec, 2025	23,038M	6,272M	6,272M	4,317M	238.0	117	Feb 14, 2025	J-GAAP
YoY	+13.9%	+20.0%	+19.8%	+11.5%	+14.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Apr - Jun, 2024	4,874M	1,124M	1,124M	773M	41.2	23.1	Aug 14, 2024	J-GAAP
Jul - Sep, 2024	5,068M	1,385M	1,400M	965M	51.5	27.3	Nov 14, 2024	J-GAAP
Oct - Dec, 2024	5,499M	1,440M	1,431M	1,250M	66.9	26.2	Feb 14, 2025	J-GAAP
Jan - Mar, 2025	5,563M	1,570M	1,592M	1,102M	59.7	28.2	May 15, 2025	J-GAAP
Apr - Jun, 2025	5,451M	1,350M	1,360M	940M	50.9	24.8	Aug 14, 2025	J-GAAP
YoY	+11.8%	+20.1%	+21.0%	+21.6%	+23.5%

BASE, First Half Ordinary Profit Increases by 23%, Apr-Jun Ordinary Profit Increases by 21%

Actual Performance and Financial Trends

Current Period Guidance

Quarterly Results

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