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BASE FOOD Inc. logo

BASE FOOD Inc.

2936.T

JPXConsumer DefensivePackaged Foods

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Latest quote

¥273

+¥4.00 · +1.49%

Aug 24, 1:15 PM JSTData delayed

2936.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

BASE FOOD Inc. develops and sells nutritional food in Japan. It offers bread, pasta, cookies, pancake mix, and yakisoba. The company sells its products through company-owned e-commerce, other e-commerce platforms, and wholesale channels. The company was incorporated in 2016 and is based in Meguro, Japan.

Industry
Packaged Foods
Sector
Consumer Defensive
Headquarters
JP
CEO
Shun Hashimoto
Listed since
Nov 15, 2022
Employees
98

Market position

Day range

Current ¥273

52-week range

Current ¥273

Open
¥273
Previous close
¥269
Volume
26.1K
0.45× average
Average volume
58.01K
Average daily volume
Market cap
14.58B JPY
Beta
-0.19
Market reference 1
50-day average
¥274.62
-0.59% below average
200-day average
¥317.72
-14.07% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
18.21B JPY
P/E (TTM)
107.06×
P/B (TTM)
12.81×
P/S (TTM)
0.96×
EV / EBITDA
64.2×
Earnings yield
1.35%
Free cash flow yield
0.69%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
56.59%
Operating margin
0.76%
Net margin
0.89%
Return on equity
19.36%
Return on assets
6.54%
Return on invested capital
10.50%

Financial health

Debt / equity
0.53×
Current ratio
1.27×
Altman Z-score
6.27
Piotroski F-score
3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends66%38%11%-17%Gross margin, FY2021: 59.03%Gross margin, FY2022: 53.42%Gross margin, FY2023: 49.74%Gross margin, FY2024: 54.99%Gross margin, FY2025: 56.62%Operating margin, FY2021: -8.19%Operating margin, FY2022: -9.85%Operating margin, FY2023: -6.07%Operating margin, FY2024: 0.90%Operating margin, FY2025: 1.43%Net margin, FY2021: -8.35%Net margin, FY2022: -10.23%Net margin, FY2023: -5.76%Net margin, FY2024: 0.71%Net margin, FY2025: 1.73%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 59.03%. Gross margin FY2022 53.42%. Gross margin FY2023 49.74%. Gross margin FY2024 54.99%. Gross margin FY2025 56.62%. Operating margin FY2021 -8.19%. Operating margin FY2022 -9.85%. Operating margin FY2023 -6.07%. Operating margin FY2024 0.90%. Operating margin FY2025 1.43%. Net margin FY2021 -8.35%. Net margin FY2022 -10.23%. Net margin FY2023 -5.76%. Net margin FY2024 0.71%. Net margin FY2025 1.73%.

Income trends

Revenue

15.19B JPY-0.33%

Operating income

217.44M JPY+59.28%

Net income

262.37M JPY+140.81%
Income trends across reported periods16.87B JPY10.37B JPY3.87B JPY−2.63B JPYRevenue, FY2021: 5.55B JPYRevenue, FY2022: 9.86B JPYRevenue, FY2023: 14.87B JPYRevenue, FY2024: 15.24B JPYRevenue, FY2025: 15.19B JPYOperating income, FY2021: −454.21M JPYOperating income, FY2022: −970.99M JPYOperating income, FY2023: −902.89M JPYOperating income, FY2024: 136.51M JPYOperating income, FY2025: 217.44M JPYNet income, FY2021: −463.07M JPYNet income, FY2022: −1.01B JPYNet income, FY2023: −856.02M JPYNet income, FY2024: 108.95M JPYNet income, FY2025: 262.37M JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 5.55B JPY. Revenue FY2022 9.86B JPY. Revenue FY2023 14.87B JPY. Revenue FY2024 15.24B JPY. Revenue FY2025 15.19B JPY. Operating income FY2021 −454.21M JPY. Operating income FY2022 −970.99M JPY. Operating income FY2023 −902.89M JPY. Operating income FY2024 136.51M JPY. Operating income FY2025 217.44M JPY. Net income FY2021 −463.07M JPY. Net income FY2022 −1.01B JPY. Net income FY2023 −856.02M JPY. Net income FY2024 108.95M JPY. Net income FY2025 262.37M JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue15.19B JPY15.24B JPY14.87B JPY9.86B JPY5.55B JPY
Cost of goods sold6.59B JPY6.86B JPY7.48B JPY4.59B JPY2.27B JPY
Gross profit8.6B JPY8.38B JPY7.4B JPY5.27B JPY3.27B JPY
Research and development—539.84M JPY558.68M JPY296.7M JPY—
Selling, general, and administrative8.38B JPY8.24B JPY8.3B JPY6.23B JPY3.73B JPY
Operating expenses8.38B JPY8.24B JPY8.3B JPY6.24B JPY3.73B JPY
Interest income4.41M JPY1.23M JPY26K JPY16K JPY4K JPY
Interest expense15.94M JPY19.64M JPY5.84M JPY6.49M JPY1.83M JPY
Depreciation and amortization66.29M JPY63.96M JPY34.54M JPY16.84M JPY1.91M JPY
Operating income217.44M JPY136.51M JPY−902.89M JPY−970.99M JPY−454.21M JPY
Net income262.37M JPY108.95M JPY−856.02M JPY−1.01B JPY−463.07M JPY

Company facts updated Aug 24, 2026.

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