Rebase (5138) investor relations material

Executive summary

• Revenue for Q1 FY2027 was ¥568 million, up 15% year-over-year, driven by strong demand in the space-sharing sector and progress toward annual targets.

• Operating loss was ¥47 million, mainly due to one-time office relocation costs and higher SG&A expenses, reversing from an operating profit in the prior year.

• Net loss for the quarter was ¥18 million, compared to net income of ¥61 million or ¥43 million in the prior year.

Financial highlights

• Revenue increased 15% year-over-year to ¥568 million; progress rate toward full-year forecast is 24%.

• Gross profit rose to ¥547 million from ¥477 million year-over-year.

• SG&A expenses increased 43% year-over-year to ¥594 million, mainly due to office relocation and higher marketing costs.

• Operating loss of ¥47 million, but excluding relocation costs, operating profit was positive.

• No dividend was declared for the quarter.

Outlook and guidance

• Full-year revenue forecast is ¥2,400 million, with Q1 progress at 24%; guidance remains unchanged.

• Full-year operating profit forecast is ¥72 million, down 25.8% year-over-year, with net profit expected at ¥55 million.

• Key metrics such as usage volume and listed spaces are on track or ahead of annual targets.