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BASE, Jan-Sep (Cumulative 3Q) Ordinary Profit Increases by 17%

Fri Nov 14, 2025 3:30 pm JST Earnings

4481 BASE CO., LTD. 【J-GAAP】

Earnings Report

BASE CO., LTD. <4481> [TSE Prime] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2025 (January to September) increased 17.3% from the same period last year, reaching 4.46 billion yen. However, Progress toward the full-year plan of 6.27 billion yen was 71.1%, also falling below the five-year average of 75.9%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to December period (4Q) is expected to grow 26.5% from the same period last year, reaching 1.81 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit grew 7.9% from the same period last year, reaching 1.51 billion yen. The operating profit margin remained almost flat, changing from 27.3% in the same period last year to 27.4%.

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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, 2023 13,787 3,453 3,442 2,350 128.9 73.4 Nov 14, 2023 J-GAAP
Jan - Sep, 2024 14,731 3,786 3,805 2,621 139.8 72.7 Nov 14, 2024 J-GAAP
Jan - Sep, 2025 16,473 4,416 4,462 3,085 167.1 71.1 Nov 14, 2025 J-GAAP
YoY +11.8% +16.6% +17.3% +17.7% +19.5%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 10,567 2,825 2,831 2,215 118.5 52 Feb 14, 2025 J-GAAP
Jul - Dec, 2025 Guidance 12,024 3,352 3,320 2,275 125.4 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 18,708 4,702 4,692 3,433 187.6 92 Feb 14, 2024 J-GAAP
Dec, 2024 20,230 5,226 5,236 3,871 207.1 102 Feb 14, 2025 J-GAAP
Dec, 2025 Guidance 23,038 6,272 6,272 4,317 238.0 117 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
Jul - Sep, 2024 5,068 1,385 1,400 965 51.5 27.3 Nov 14, 2024 J-GAAP
Oct - Dec, 2024 5,499 1,440 1,431 1,250 66.9 26.2 Feb 14, 2025 J-GAAP
Jan - Mar, 2025 5,563 1,570 1,592 1,102 59.7 28.2 May 15, 2025 J-GAAP
Apr - Jun, 2025 5,451 1,350 1,360 940 50.9 24.8 Aug 14, 2025 J-GAAP
Jul - Sep, 2025 5,459 1,496 1,510 1,043 56.5 27.4 Nov 14, 2025 J-GAAP
YoY +7.7% +8.0% +7.9% +8.1% +9.8%

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