eBASE (3835) Q1 2025 earnings summary

Executive summary

• FY2025 Q1 consolidated net sales were ¥1,063 million, down 1.8% year-over-year; ordinary profit was ¥184 million, down 20.0% year-over-year; net income was ¥123 million.

• Operating profit declined 25.6% year-over-year to ¥169 million.

• eBASE Business saw a 7.1% decline in net sales and a 42.2% drop in ordinary income compared to the same quarter last year.

• eBASE - PLUS Business achieved a 2.6% increase in net sales and an 8.3% rise in ordinary income year-over-year.

• Profit attributable to owners of parent decreased 20.8% year-over-year to ¥123 million.

Financial highlights

• Q1 consolidated net sales: ¥1,063 million (down 1.8% year-over-year).

• Q1 consolidated ordinary profit: ¥184 million (down 20.0% year-over-year).

• Q1 net income attributable to owners: ¥123 million.

• Gross profit for the quarter was ¥456.9 million, down from ¥500.3 million in the prior year.

• Basic earnings per share for Q1 FY2025 was ¥2.72, compared to ¥3.41 in Q1 FY2024.

Outlook and guidance

• FY2025 full-year consolidated net sales forecast: ¥5,500 million (+5.9% year-over-year).

• Full-year ordinary income forecast: ¥1,850 million (+11.3% year-over-year).

• Full-year net income forecast: ¥1,250 million (+9.2% year-over-year).

• Full-year basic EPS forecast is ¥27.50.

• Operating profit is projected at ¥1,800 million (up 9.0%).