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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.
Explain FY26 profit attributable to parent decline
E-Store acquisition: Detail PAY.JP synergy impact
Growth investment vs. shareholder return balance?
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Latest events from BASE
- 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.4477Q2 20255 Aug 2025
- Strong revenue and profit growth drive raised guidance and strategic expansion.4477Q2 202413 Jun 2025
- Record profit and strong segment growth, with want.jp acquisition expanding EC reach.4477Q3 202413 Jun 2025
- Q1 delivered double-digit sales and profit growth, with M&A and Pay ID monetization boosting outlook.4477Q1 20256 Jun 2025
- Returned to profitability with strong growth, share buyback, and M&A plans.4477Q4 20245 Jun 2025
Next BASE earnings date
Q1 20268 May, 2026
BASE
Next BASE earnings date
Q1 20268 May, 2026
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