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BASE (4477) investor relations material
BASE Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales for Q1 2026 rose 36.6% year-over-year to ¥6,243 million, gross profit increased 55.8% to ¥3,217 million, and operating profit surged 70.5% to ¥664 million, driven by BASE Business growth and E-Store ShopServe consolidation.
EBITDA for Q1 2026 was ¥719 million, up 83.6% YoY.
Profit attributable to owners of parent rose 60.6% YoY to ¥517 million.
BASE AI, an interactive AI feature for shop owners, was launched on a limited basis.
The business environment remains stable, with growth in both goods and service categories of the domestic BtoC e-commerce market.
Financial highlights
Group GMV grew 29.1% YoY, mainly due to E-Store ShopServe consolidation.
Ordinary profit for Q1 2026 was ¥664 million, up 61.0% YoY.
Earnings per share for Q1 2026 were ¥4.50, compared to ¥2.79 in Q1 2025.
Comprehensive income for Q1 2026 was ¥574 million, up 48.1% YoY.
Total assets as of March 31, 2026, were ¥53,080 million, down ¥4,723 million from December 2025.
Outlook and guidance
FY2026 full-year forecast: net sales ¥28,371 million (+36.9% YoY), gross profit ¥14,070 million (+40.9% YoY), operating profit ¥2,270 million (+34.6% YoY), EBITDA ¥2,457 million (+40.5% YoY).
Net income attributable to owners of parent expected to decrease 17.9% YoY as tax effects normalize.
Dividend of ¥5 per share planned; share buyback/treasury share repurchase budget set at ¥1 billion.
Focus on AI implementation, group synergies, and M&A for both organic and inorganic growth.
- FY2025 saw robust sales and profit growth, with AI and M&A driving future strategy.4477
Investor presentation26 Mar 2026 - Profit attributable to owners of parent soared 436.9% on 29.7% sales growth.4477
Q4 202512 Feb 2026 - Strong sales and profit growth, upward guidance revision, and first dividend announced.4477
Q3 20256 Nov 2025 - Net sales and profit rose over 22% YoY, with Estore acquired and Pay ID monetized.4477
Q2 20255 Aug 2025 - Strong revenue and profit growth drive raised guidance and strategic expansion.4477
Q2 202413 Jun 2025 - Record profit and strong segment growth, with want.jp acquisition expanding EC reach.4477
Q3 202413 Jun 2025 - Q1 delivered double-digit sales and profit growth, with M&A and Pay ID monetization boosting outlook.4477
Q1 20256 Jun 2025 - Returned to profitability with strong growth, share buyback, and M&A plans.4477
Q4 20245 Jun 2025
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