eBASE (3835) Q2 2026 earnings summary

Executive summary

• Revised earnings forecasts for FY2026 show lower net sales and profits due to a shift toward large-scale custom development projects with lower margins, especially in the daily goods sector, impacting overall profitability and straining resources.

• Net sales for the six months ended September 30, 2025, were ¥2,437 million, down 3.7% year-over-year.

• Operating profit decreased 21.5% year-over-year to ¥550 million.

• Profit attributable to owners of parent fell 20.7% year-over-year to ¥386 million.

• Measures are being implemented to improve the revenue structure, optimize sales and development processes, and regain growth momentum.

Financial highlights

• FY2026 2Q net sales: 2,437 million yen (down from 2,530 million yen forecast; -3.7% YoY).

• 2Q operating profit: 446 million yen (down from 701 million yen YoY; -36.4%).

• 2Q ordinary profit: 467 million yen (down from 734 million yen YoY; -36.4%).

• Gross profit for the period was ¥1,193 million, compared to ¥1,295 million in the prior year.

• Basic earnings per share for the six months was ¥8.61, down from ¥10.75 a year earlier.

Outlook and guidance

• Full-year FY2026 net sales forecast revised downward by 800 million yen to 5,000 million yen.

• Full-year net sales forecast is ¥5,000 million, a decrease of 8.6% year-over-year.

• Full-year ordinary profit forecast revised to 1,350 million yen (down 400 million yen from previous forecast).

• Operating profit for the full year is projected at ¥1,326 million, down 23.4% year-over-year.

• Profit attributable to owners of parent is forecast at ¥921 million, a 26.4% decrease year-over-year.