BASE, Inc. logo

BASE, Inc.

4477.T

JPXTechnologySoftware - Application

Latest quote

¥313

+¥1.00 · +0.32%

Aug 24, 3:30 PM JST

4477.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

BASE, Inc., a Tokyo, Japan-based company, specializes in the design, development, and management of various web services. Its operations are structured into three primary divisions: BASE Business, PAY Business, and Other Business. Key offerings include the "BASE" platform, which allows users to effortlessly set up their own online stores, and "YELL BANK," a financial service providing funding opportunities for shop owners utilizing the BASE platform. Additionally, the company offers "PAY.JP," an online payment solution enabling developers to integrate credit card processing into their web services and e-commerce sites, and "PAY ID," a unified shopping service accessible at any store built with BASE. The company was established in 2012.

Industry
Software - Application
Sector
Technology
Headquarters
JP
CEO
Tsuruoka Yuta
Listed since
Oct 25, 2019
Employees
401

Market position

Day range

Current ¥313

52-week range

Current ¥313

Open
¥312
Previous close
¥312
Volume
726.7K
0.83× average
Average volume
873.72K
Average daily volume
Market cap
36.04B JPY
Beta
0.87
Market reference 1
50-day average
¥287.88
+8.73% above average
200-day average
¥301.55
+3.80% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
10.75B JPY
P/E (TTM)
16.41×
P/B (TTM)
2.37×
P/S (TTM)
1.5×
EV / EBITDA
6.14×
Earnings yield
4.98%
Free cash flow yield
8.91%
Dividend yield
1.60%

Profitability & efficiency

Gross margin
50.96%
Operating margin
9.11%
Net margin
9.18%
Return on equity
12.24%
Return on assets
3.16%
Return on invested capital
10.23%

Financial health

Debt / equity
0.04×
Current ratio
1.27×
Altman Z-score
1.49
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends64%34%5%-25%Gross margin, FY2021: 56.63%Gross margin, FY2022: 48.64%Gross margin, FY2023: 43.09%Gross margin, FY2024: 44.85%Gross margin, FY2025: 48.19%Operating margin, FY2021: -9.85%Operating margin, FY2022: -15.48%Operating margin, FY2023: -3.64%Operating margin, FY2024: 4.83%Operating margin, FY2025: 8.14%Net margin, FY2021: -12.02%Net margin, FY2022: -17.78%Net margin, FY2023: -5.19%Net margin, FY2024: 2.13%Net margin, FY2025: 8.81%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 56.63%. Gross margin FY2022 48.64%. Gross margin FY2023 43.09%. Gross margin FY2024 44.85%. Gross margin FY2025 48.19%. Operating margin FY2021 -9.85%. Operating margin FY2022 -15.48%. Operating margin FY2023 -3.64%. Operating margin FY2024 4.83%. Operating margin FY2025 8.14%. Net margin FY2021 -12.02%. Net margin FY2022 -17.78%. Net margin FY2023 -5.19%. Net margin FY2024 2.13%. Net margin FY2025 8.81%.

Income trends

Revenue

20.73B JPY+29.71%

Operating income

1.69B JPY+118.52%

Net income

1.83B JPY+437.35%
Income trends across reported periods22.98B JPY13.99B JPY5.01B JPY−3.98B JPYRevenue, FY2021: 9.93B JPYRevenue, FY2022: 9.74B JPYRevenue, FY2023: 11.68B JPYRevenue, FY2024: 15.98B JPYRevenue, FY2025: 20.73B JPYOperating income, FY2021: −978M JPYOperating income, FY2022: −1.51B JPYOperating income, FY2023: −425M JPYOperating income, FY2024: 772M JPYOperating income, FY2025: 1.69B JPYNet income, FY2021: −1.19B JPYNet income, FY2022: −1.73B JPYNet income, FY2023: −606M JPYNet income, FY2024: 340M JPYNet income, FY2025: 1.83B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 9.93B JPY. Revenue FY2022 9.74B JPY. Revenue FY2023 11.68B JPY. Revenue FY2024 15.98B JPY. Revenue FY2025 20.73B JPY. Operating income FY2021 −978M JPY. Operating income FY2022 −1.51B JPY. Operating income FY2023 −425M JPY. Operating income FY2024 772M JPY. Operating income FY2025 1.69B JPY. Net income FY2021 −1.19B JPY. Net income FY2022 −1.73B JPY. Net income FY2023 −606M JPY. Net income FY2024 340M JPY. Net income FY2025 1.83B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue20.73B JPY15.98B JPY11.68B JPY9.74B JPY9.93B JPY
Cost of goods sold10.74B JPY8.81B JPY6.65B JPY5B JPY4.31B JPY
Gross profit9.99B JPY7.17B JPY5.03B JPY4.74B JPY5.62B JPY
Selling, general, and administrative8.3B JPY6.39B JPY5.46B JPY6.25B JPY6.6B JPY
Operating expenses8.3B JPY6.4B JPY5.46B JPY6.25B JPY6.6B JPY
Interest income39M JPY2M JPY
Interest expense14M JPY3M JPY240M JPY3M JPY
Depreciation and amortization62M JPY30M JPY2M JPY49M JPY45M JPY
Operating income1.69B JPY772M JPY−425M JPY−1.51B JPY−978M JPY
Net income1.83B JPY340M JPY−606M JPY−1.73B JPY−1.19B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
2.58

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates8.884.620.36-3.9Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 6, 2024: actual 2.04, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 14, 2025: actual -3.02, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 8, 2025: actual 2.79, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 5, 2025: actual 1.09, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 6, 2025: actual 3.99, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 12, 2026: actual 8, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 12, 2026: actual 4.5, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 5, 2026: actual 2.58, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates6.94B6.01B5.08B4.14BQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 14, 2025: actual 4.68B JPY, estimate 4.77B JPY, surprise -1.81%, Miss. Q2 2025, reported May 8, 2025: actual 4.57B JPY, estimate 4.92B JPY, surprise -7.00%, Miss. Q3 2025, reported Aug 5, 2025: actual 4.57B JPY, estimate 4.9B JPY, surprise -6.73%, Miss. Q4 2025, reported Nov 6, 2025: actual 4.91B JPY, estimate 5.1B JPY, surprise -3.84%, Miss. Q1 2026, reported Feb 12, 2026: actual 6.68B JPY, estimate 5.65B JPY, surprise +18.09%, Beat. Q2 2026, reported May 12, 2026: actual 6.24B JPY, estimate 4.41B JPY, surprise +41.60%, Beat. Q3 2026, reported Aug 5, 2026: actual 6.15B JPY, estimate 4.78B JPY, surprise +28.50%, Beat. Q4 2026, reported Nov 10, 2026: actual —, estimate 5.13B JPY, surprise —, Comparison unavailable.

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