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Financial Results Presentation4477BASE,Inc.Information and Communications, Services and Others

Financial Results Briefing Materials for the First Quarter of the Fiscal Year Ending December 2026

In the first quarter of the fiscal year ending December 2026, revenue, gross profit and operating income were significantly higher than in the same quarter of the previous year, driven by growth in the BASE business and the consolidation of the E Store Shop Serve business. The Company also pursued initiatives to expand its customer base going forward, including the launch of AI functions and the acquisition of all shares in Port株式会社.

Worth reading
57In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
36.6
Year-on-year change in revenue (%)
Wording
—
How definitive the wording is.

Contents of this document

Financial Results PresentationFirst quarter of the fiscal year ending December 20268 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales6,243 Millions of yen+36.6%
Operating profit664 Millions of yen+70.5%
Ordinary income664 Millions of yen+61.0%
Net income517 Millions of yen+60.6%
Selling, general and administrative expenses2,553 Millions of yen
Gross Profit Margin
Rate51.5%
Year-on-year change (points)+6.3pt
Operating profit margin
Rate10.6%
Year-on-year change (points)Up from 8.5% in the same quarter of the previous year
Results for the three months of the current quarterStandalone results for the 3 months from January to March 2026, including revenue of ¥6,243 million, gross profit of ¥3,217 million, operating income of ¥664 million, ordinary income of ¥664 million and net income of ¥517 million
Full-year earnings forecast
Net Sales
28,371 Millions of yen
Gross profit
14,070 Millions of yen
Selling, general and administrative expenses
11,800 Millions of yen
EBITDA
2,457 Millions of yen
Operating profit
2,270 Millions of yen
Ordinary income
2,029 Millions of yen
Profit attributable to owners of the parent
1,497 Millions of yen
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales+22.0%
Gross profit+22.9%
Selling, general and administrative expenses+21.6%
EBITDA+29.3%
Operating profit+29.3%
Ordinary income+32.7%
Net income for the current fiscal year+34.6%
What the company explained in this material
New initiatives
  • Limited release of BASE AI, an AI function for shop owners
  • Acquisition of all shares in Port株式会社
  • Making the cross-border e-commerce function Easy International Sales a standard feature through joint development by the BASE and want.jp businesses
  • Adding PayPay payments to PAY.JP
  • Adding subscription delivery and lottery sales functions to PAY ID
  • Nationwide mass-marketing campaign in May 2026
Key KPIsA metric the company considers important as a management benchmark.
  • Group GMV124,809 Millions of yen
    Year on year against the same period last year+29.1%
  • BASE business GMV (orders)43,077 Millions of yen
    Year on year against the same period last year+6.3%
  • BASE business GMV (payments)41,473 Millions of yen
    Year on year against the same period last year+7.5%
  • BASE business take rate7.0%
    Year on year against the same period last year+0.6pt
  • PAY.JP business GMV59,014 Millions of yen
    Year on year against the same period last year+5.1%
  • PAY.JP business take rate2.7%
Segment results
  • BASE Business
    Net Sales2,910 Millions of yen (YoY +18.7%)
    Gross profit1,885 Millions of yen (YoY +26.1%)
  • PAY.JP business
    Net Sales1,617 Millions of yen (YoY +4.3%)
    Gross profit228 Millions of yen (YoY +4.1%)
  • YELL BANK business
    Net Sales326 Millions of yen (YoY +30.8%)
    Gross profit317 Millions of yen (YoY +31.9%)
  • E Store Shop Serve business
    Net Sales1,101 Millions of yen
    Gross profit683 Millions of yen
  • want.jp business
Medium-term management plan targets
Net Sales
FY202628,371 Millions of yen
FY202734,300 Millions of yen
FY202841,500 Millions of yen
Gross profit
FY202614,070 Millions of yen
FY202716,634 Millions of yen
FY202819,517 Millions of yen
EBITDA
FY20262,457 Millions of yen
FY20273,796 Millions of yen
FY20285,192 Millions of yen
Operating profit
FY20262,270 Millions of yen
FY20273,600 Millions of yen
FY20285,000 Millions of yen
Target fiscal yearFY2028 December
Market Size / Share
Goods¥15.0 trillion
Service Scope¥8.2 trillion
Digital content¥2.6 trillion
Market related to increasing added value¥1.9 trillion (partially overlapping)
Annual Dividend
Annual dividend per share¥5.00
End of period¥5.00
Payout ratio
38.4%
Acquisition of treasury shares
Repurchase authorization amount¥1 billion (maximum)
Number of shares under the buyback programUp to 3,800,000 shares
Period13 February 2026 to 31 December 2026
Contents of this document
ItemDetails
Document typeFinancial Results Presentation
Fiscal Period CoveredFirst quarter of the fiscal year ending December 2026
Net Sales6,243 Millions of yen (YoY +36.6%)
Operating profit664 Millions of yen (YoY +70.5%)
Ordinary income664 Millions of yen (YoY +61.0%)
Net income517 Millions of yen (YoY +60.6%)
Gross Profit MarginRate 51.5% / Year-on-year change (points) +6.3pt
Operating profit marginRate 10.6% / Year-on-year change (points) Up from 8.5% in the same quarter of the previous year
Selling, general and administrative expenses2,553 Millions of yen
Results for the three months of the current quarterStandalone results for the 3 months from January to March 2026, including revenue of ¥6,243 million, gross profit of ¥3,217 million, operating income of ¥664 million, ordinary income of ¥664 million and net income of ¥517 million
Full-year earnings forecastNet Sales 28,371 Millions of yen / Gross profit 14,070 Millions of yen / Selling, general and administrative expenses 11,800 Millions of yen / EBITDA 2,457 Millions of yen / Operating profit 2,270 Millions of yen / Ordinary income 2,029 Millions of yen / Profit attributable to owners of the parent 1,497 Millions of yen
Progress against full-year forecastNet Sales +22.0% / Gross profit +22.9% / Selling, general and administrative expenses +21.6% / EBITDA +29.3% / Operating profit +29.3% / Ordinary income +32.7% / Net income for the current fiscal year +34.6%
Segment resultsSegment BASE Business / Net Sales 2,910 Millions of yen (YoY +18.7%) / Gross profit 1,885 Millions of yen (YoY +26.1%), Segment PAY.JP business / Net Sales 1,617 Millions of yen (YoY +4.3%) / Gross profit 228 Millions of yen (YoY +4.1%), Segment YELL BANK business / Net Sales 326 Millions of yen (YoY +30.8%) / Gross profit 317 Millions of yen (YoY +31.9%), Segment E Store Shop Serve business / Net Sales 1,101 Millions of yen / Gross profit 683 Millions of yen, Segment want.jp business / Net Sales Not disclosed / Gross profit Not disclosed
Key KPIsIndicator name Group GMV / Value 124,809 Millions of yen / Year on year against the same period last year +29.1%, Indicator name BASE business GMV (orders) / Value 43,077 Millions of yen / Year on year against the same period last year +6.3%, Indicator name BASE business GMV (payments) / Value 41,473 Millions of yen / Year on year against the same period last year +7.5%, Indicator name BASE business take rate / Value 7.0% / Year on year against the same period last year +0.6pt, Indicator name PAY.JP business GMV / Value 59,014 Millions of yen / Year on year against the same period last year +5.1%, Indicator name PAY.JP business take rate / Value 2.7% / Year on year against the same period last year Not disclosed
Medium-term management plan targetsNet Sales FY2026 28,371 Millions of yen / FY2027 34,300 Millions of yen / FY2028 41,500 Millions of yen / Gross profit FY2026 14,070 Millions of yen / FY2027 16,634 Millions of yen / FY2028 19,517 Millions of yen / EBITDA FY2026 2,457 Millions of yen / FY2027 3,796 Millions of yen / FY2028 5,192 Millions of yen / Operating profit FY2026 2,270 Millions of yen / FY2027 3,600 Millions of yen / FY2028 5,000 Millions of yen / Target fiscal year FY2028 December
Annual DividendAnnual dividend per share ¥5.00 / Interim Not disclosed / End of period ¥5.00
Payout ratio38.4%
Acquisition of treasury sharesRepurchase authorization amount ¥1 billion (maximum) / Number of shares under the buyback program Up to 3,800,000 shares / Period 13 February 2026 to 31 December 2026
Market Size / ShareGoods ¥15.0 trillion / Service Scope ¥8.2 trillion / Digital content ¥2.6 trillion / Market related to increasing added value ¥1.9 trillion (partially overlapping)
New initiativesLimited release of BASE AI, an AI function for shop owners, Acquisition of all shares in Port株式会社, Making the cross-border e-commerce function Easy International Sales a standard feature through joint development by the BASE and want.jp businesses, Adding PayPay payments to PAY.JP, Adding subscription delivery and lottery sales functions to PAY ID, Nationwide mass-marketing campaign in May 2026
Items this document does not state (11)
Self-assessment against the planBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsCapital expendituresOrders received and order backlogKey points of the Q&A

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.

Growth in the BASE business, consolidation of the E Store Shop Serve business, growth in group GMV, and an increase in take rate resulting from the monetization of the shopping app PAY ID, among other factors.

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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Financial Results Briefing Materials for the First Quarter of the Fiscal Year Ending December 2026 | BASE,Inc. (4477) timely disclosure | Komori