Komori
Earnings2936BASE FOOD,Inc.Food

Financial Results for the Fiscal Year Ended February 2026 (Japanese GAAP) (Non-Consolidated)

For the fiscal year ended February 2026, net sales edged down, while operating income, ordinary income and net income all increased significantly. For the fiscal year ending February 2027, net sales are expected to increase, while operating income is forecast to decline to ¥62 million.

Worth reading
43Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
59.3
Year-on-year increase in operating profit (%)
Wording
Conditional
How definitive the wording is.

Results for this period

Full year1 March 2025–28 February 2026Non-consolidated (standalone)Japanese GAAP
Net Sales15,191¥ millionYear on year -0.3%Progress 93.4%
Operating profit217¥ millionYear on year +59.3%Progress 350.0%
Ordinary income267¥ millionYear on year +116.2%
Net income attributable to owners of the parent262¥ millionYear on year +140.8%

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share¥4.92
Operating Margin1.4%
Financial position at period-end
Total assets4,013¥ million
of which net assets 1,355 ¥ millionEquity ratio 33.8%vs. prior year-end +6.9pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Cash inflows and outflows
Operating+255
Investment-239
Financials-111
Net change-95

Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.

Cash and cash equivalents at end of period¥1,886 million
Segment revenueComplete Nutrition Food Business ¥15,160,470 thousand
Segment profitComplete Nutrition Food Business ¥273,934 thousand
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥16,256 million (YoY +7.0%)
Operating profit¥62 million (YoY -71.4%)
Ordinary incomeNot disclosed
Net incomeNot disclosed
Annual Dividend Forecast¥0.00 → ¥0.00
Factors Behind Changes in Business Performance

The company-operated e-commerce business grew as a result of efficiency-focused advertising, while wholesale sales declined due to changes in shelf placement and other factors. Profit increased due to cost reductions from the BASE BREAD relaunch, an improved fixed-cost ratio and the maintenance of a high gross profit margin.

Disclosure regarding the going concern assumption

Not applicable.

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Material subsequent eventsOn 14 April 2026, the company resolved to issue 13,580 paid stock options to its directors and 94 employees. Treasury shares are expected to be used upon exercise, resulting in potential dilution of approximately 2.48% at maximum.
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss Loss on Disposal of Fixed Assets ¥181 thousand
Depreciation and amortization¥66,289 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors, analysts and individual investors)
Issued Shares at Period-End54,752,100 shares
Treasury Shares at Period-End1,358,035 shares
Results for this period
ItemDetails
Fiscal Period ClassificationFull year
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedNon-consolidated (standalone)
Period Covered1 March 2025–28 February 2026
Net Sales¥15,191 million (YoY -0.3%)
Operating profit¥217 million (YoY +59.3%)
Ordinary income¥267 million (YoY +116.2%)
Profit attributable to owners of the parent¥262 million (YoY +140.8%)
Net income per share¥4.92
Operating Margin1.4%
Equity ratioEnd of the current fiscal period 33.8 / End of previous period 26.9
Total assets¥4,013 million
Net assets¥1,355 million
Cash flows from operating activities¥255 million
Cash flows from investing activities¥-239 million
Cash flows from financing activities¥-111 million
Cash and cash equivalents at end of period¥1,886 million
Full-year earnings forecastNet Sales ¥16,256 million (YoY +7.0%) / Operating profit ¥62 million (YoY -71.4%) / Ordinary income Not disclosed / Net income Not disclosed
Annual Dividend Forecast¥0.00 → ¥0.00
Segment revenueComplete Nutrition Food Business ¥15,160,470 thousand
Segment profitComplete Nutrition Food Business ¥273,934 thousand
Depreciation and amortization¥66,289 thousand
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss Loss on Disposal of Fixed Assets ¥181 thousand
Disclosure regarding the going concern assumptionNot applicable.
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Material subsequent eventsOn 14 April 2026, the company resolved to issue 13,580 paid stock options to its directors and 94 employees. Treasury shares are expected to be used upon exercise, resulting in potential dilution of approximately 2.48% at maximum.
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors, analysts and individual investors)
Issued Shares at Period-End54,752,100 shares
Treasury Shares at Period-End1,358,035 shares
Factors Behind Changes in Business PerformanceThe company-operated e-commerce business grew as a result of efficiency-focused advertising, while wholesale sales declined due to changes in shelf placement and other factors. Profit increased due to cost reductions from the BASE BREAD relaunch, an improved fixed-cost ratio and the maintenance of a high gross profit margin.
Items this document does not state (7)
Revision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment lossChanges in the scope of consolidation

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The company-operated e-commerce business grew as a result of efficiency-focused advertising, while wholesale sales declined due to changes in shelf placement and other factors. Cost reductions from the BASE BREAD relaunch, ongoing improvements in the fixed-cost ratio and the maintenance of a high gross profit margin contributed to the increase in profit.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Financial Results for the Fiscal Year Ended February 2026 (Japanese GAAP) (Non-Consolidated) | BASE FOOD,Inc. (2936) timely disclosure | Komori