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BASE FOOD, Mar-Nov (Cumulative 3Q) Net Income Loss Narrows, Sep-Nov Net Income Turns to Profit

Tue Jan 14, 2025 3:30 pm JST Earnings

2936 BASE FOOD, Inc. 【J-GAAP】

Earnings Report

BASE FOOD, Inc. <2936> [TSE Growth] announced its financial results after the market closed on January 14th (15:30). The net loss (non-consolidated) for the cumulative third quarter of the fiscal year ending February 2025 (March to November) was a reduced loss of 275 million yen (compared to a loss of 523 million yen in the same period last year).

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the net income/loss for the December to February period (4Q) is expected to turn into a profit of 275 million yen (compared to a loss of 333 million yen in the same period last year).

In the most recent three-month period, from September to November (3Q), the net income/loss turned to a profit of 231 million yen (compared to a loss of 393 million yen in the same period last year). The operating profit/loss margin drastically improved from -11.0% in the same period last year to 5.8%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Mar - Nov, 2022 7,194 -784 -815 -831 -22.8 ー Jan 16, 2023 J-GAAP
Mar - Nov, 2023 11,565 -505 -518 -523 -10.4 ー Jan 15, 2024 J-GAAP
Mar - Nov, 2024 11,579 -244 -254 -275 -5.3 ー Jan 14, 2025 J-GAAP
YoY +0.1% +51.7% +51.0% +47.4% +49.2%

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
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
Sep - Nov, 2024 4,000 233 229 231 4.4 5.8 Jan 14, 2025 J-GAAP
YoY +15.8% － － － －

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