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BASE
BASE (4477) investor relations material
BASE Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary12 Feb, 2026
Executive summary
Net Sales for FY2025 rose 29.7% YoY to 20,729 million yen, Gross Profit increased 39.4% YoY to 9,989 million yen, and Operating Profit surged 118.2% YoY to 1,686 million yen, driven by BASE Business growth, Pay ID app monetization, and E-Store shopserve consolidation.
Profit attributable to owners of parent surged 436.9% YoY to 1,826 million yen.
Q4 FY2025 saw Net Sales up 42.5% YoY, Gross Profit up 61.7% YoY, and Operating Profit at 541 million yen (from a loss of 26 million yen YoY), with strong BASE Business and E-Store shopserve contributions.
Acquisition of Estore Corporation in July 2025 expanded the group’s business portfolio and contributed to results from Q4.
Shareholder returns included a 1 billion yen share repurchase (completed April 2025) and a planned 5 yen per share dividend (resolution scheduled March 2026).
Financial highlights
Group GMV for Q4 FY2025 reached 138.0 billion yen, up 38.0% YoY.
FY2025 Q4 Net Sales: 6,676 million yen (+42.5% YoY), Gross Profit: 3,464 million yen (+61.7% YoY), Operating Profit: 541 million yen (vs. -26 million yen YoY).
BASE Business Q4 Net Sales up 22.0% YoY, Gross Profit up 30.0% YoY; PAY.JP Net Sales up 4.1% YoY, Gross Profit up 11.0% YoY; YELL BANK Net Sales up 16.6% YoY, Gross Profit up 17.4% YoY.
E-Store shopserve contributed 1,309 million yen in Net Sales and 767 million yen in Gross Profit in its first consolidated quarter.
Cash and deposits at year-end: 26,867 million yen (+4.4% YoY).
Outlook and guidance
FY2026 forecast: Net Sales to grow 36.9% YoY to 28,371 million yen, Gross Profit to rise 40.9% YoY to 14,070 million yen, Operating Profit to increase 34.6% YoY to 2,270 million yen.
Net income attributable to owners of parent expected to decrease 17.9% YoY due to tax effects.
Dividend of 5 yen per share and a 1 billion yen share buyback budget planned for FY2026.
Continued focus on top-line growth, profitability, AI implementation, group synergies, and M&A for inorganic growth.
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Next BASE earnings date
Q1 20267 May, 2026
BASE
Next BASE earnings date
Q1 20267 May, 2026
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Frequently asked questions
BASE Inc. is a Japan-based company specializing in the development and operation of web services. Founded on December 11, 2012, the company focuses on providing e-commerce platforms, online payment services, and related financing services. BASE Inc. operates through two primary business segments: the BASE segment, which offers an e-commerce platform enabling users to create online shops and a shopping mall app for product purchases; and the PAY segment, which develops and manages PAY.JP for integrating online payments into web services and existing online shops, along with PAY ID, which offers unique ID payment services. The company is headquartered in Tokyo, Japan, and its shares are listed on the Tokyo Stock Exchange.
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