BASE FOOD, Inc., Break Evenin Net Income for The Current Fiscal Year

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Tue Oct 15, 2024 3:00 pm JST Earnings

2936 BASE FOOD, Inc. 【J-GAAP】

Earnings Report

BASE FOOD, Inc. <2936> [TSE-G] announced its financial results after the market closed on October 15th (15:00). The net loss (non-consolidated) for the cumulative second quarter of the fiscal year ending February 2025 (March to August) expanded to a loss of 506 million yen (compared to a loss of 130 million yen in the same period last year).

However, the net income/loss for the full year recover to break even (compared to a loss of 856 million yen in the previous period).

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the net income/loss for the September to February period (second half) is expected to turn into a profit of 506 million yen (compared to a loss of 726 million yen in the same period last year).

In the most recent three-month period, from June to August (2Q), the net income/loss turned to a loss of 66 million yen (compared to a profit of 252 million yen in the same period last year). The operating profit/loss margin drastically worsened from 5.8% in the same period last year to -1.0%.

Kabutan News

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
Mar - Aug, 2023	8,110	-126	-126	-130	-2.6	ー	Oct 13, 2023	J-GAAP
Mar - Aug, 2024	7,579	-477	-483	-506	-9.7	ー	Oct 15, 2024	J-GAAP
YoY	-6.5%	-278.6%	-283.3%	-289.2%	-273.7%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar - Aug, 2024 Guidance	ー	ー	ー	ー	－	0	Apr 15, 2024	J-GAAP
Mar - Aug, 2024 Results	7,579	-477	-483	-506	-9.7	0	Oct 15, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2025 Prev	19,066	166	ー	ー	－	0	Apr 15, 2024	J-GAAP
Feb, 2025 New	15,728	51	31	0	0.0	0	Oct 15, 2024	J-GAAP
Revision Rate	-17.5%	-69.3%	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	6,764	-776	-765	-726	-14.3	0	Apr 15, 2024	J-GAAP
Sep - Feb, 2024 Guidance	8,149	528	514	506	0.0	0	Oct 15, 2024	J-GAAP
YoY	+20.5%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	9,857	-970	-995	-1,008	-25.4	0	Apr 14, 2023	J-GAAP
Feb, 2024	14,874	-902	-891	-856	-16.8	0	Apr 15, 2024	J-GAAP
Feb, 2025 Guidance	15,728	51	31	0	0.0	0	Oct 15, 2024	J-GAAP
YoY	+5.7%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	4,371	254	255	252	5.0	5.8	Oct 13, 2023	J-GAAP
Sep - Nov, 2023	3,455	-379	-392	-393	-7.8	-11.0	Jan 15, 2024	J-GAAP
Dec - Feb, 2023	3,309	-397	-373	-333	-6.6	-12.0	Apr 15, 2024	J-GAAP
Mar - May, 2024	3,664	-437	-436	-440	-8.4	-11.9	Jul 16, 2024	J-GAAP
Jun - Aug, 2024	3,915	-40	-47	-66	-1.3	-1.0	Oct 15, 2024	J-GAAP
YoY	-10.4%	－	－	－	－