Rebase (5138) Q2 2025 earnings summary

Executive summary

• Revenue for the first half reached ¥868 million, up 32% year-over-year, with operating profit rising 59% to ¥213 million and net profit increasing 60% to ¥136 million.

• Growth was driven by robust business-related usage and continued expansion in space-sharing demand, despite macroeconomic uncertainties.

Financial highlights

• Q2 revenue was ¥456 million, a 33% increase year-over-year; cumulative first-half revenue was ¥868 million, up 32%.

• Operating profit for Q2 was ¥120 million, up 64% year-over-year; cumulative operating profit was ¥213 million, up 59%.

• Net profit for the first half was ¥136 million, up 60% year-over-year; net profit per share increased to ¥29.68 from ¥18.62.

• Total assets rose to ¥1,601 million, up ¥135 million from the previous fiscal year-end.

• Cash and deposits at period-end were ¥1,212 million, up 8% from the previous year-end.

Outlook and guidance

• Full-year revenue forecast is ¥1,806 million, with 48% progress achieved by the first half; operating profit forecast is ¥380 million, with 56% progress.

• Net profit for the full year is projected at ¥255 million, with no revision to previously announced guidance.

• Management continues to execute growth strategies focused on maximizing transaction volume and user retention.