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BASE,Inc., January-September (Third Quarter Cumulative) Ordinary Profit Turns to Profit, Exceeds Full-Year Plan

Wed Nov 6, 2024 3:30 pm JST Earnings

4477 BASE,Inc. 【J-GAAP】

Earnings Report

BASE,Inc. <4477> [TSE-G] announced its financial results after the market closed on November 6th (15:30). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) turned into a profit of 814 million yen (compared to a loss of 410 million yen in the same period last year). The progress rate against the full-year plan of 201 million yen is 405.0%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to December period (4Q) is expected to turn into a loss of 613 million yen (compared to a profit of 1 million yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit/loss turned to a profit of profit of 299 million yen (compared to a loss of 130 million yen in the same period last year). The operating profit/loss margin drastically improved from -4.5% in the same period last year to 7.3%.

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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
Jan - Sep, 2022 7,099 -1,167 -1,153 -1,216 -10.9 Nov 8, 2022 J-GAAP
Jan - Sep, 2023 8,336 -420 -410 -514 -4.5 Nov 7, 2023 J-GAAP
Jan - Sep, 2024 11,297 799 814 687 6.0 405.0 Nov 6, 2024 J-GAAP
YoY +35.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 6,320 -138 -129 -234 -2.1 0 Feb 8, 2024 J-GAAP
Jul - Dec, 2024 Guidance 8,175 -308 -314 -253 -2.2 0 Aug 6, 2024 J-GAAP
YoY +29.4% -123.2% -143.4% -8.1% -6.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 9,739 -1,508 -1,495 -1,732 -15.5 0 Feb 8, 2023 J-GAAP
Dec, 2023 11,680 -425 -409 -606 -5.3 0 Feb 8, 2024 J-GAAP
Dec, 2024 Guidance 15,500 200 201 198 1.7 0 Aug 6, 2024 J-GAAP
YoY +32.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,976 -133 -130 -142 -1.3 -4.5 Nov 7, 2023 J-GAAP
Oct - Dec, 2023 3,344 -5 1 -92 -0.8 -0.1 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 3,591 206 211 213 1.9 5.7 May 9, 2024 J-GAAP
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
YoY +33.5%

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