Reported Earnings • Jun 03
Full year 2026 earnings released: EPS: JP¥4.91 (vs JP¥2.05 in FY 2025) Full year 2026 results: EPS: JP¥4.91 (up from JP¥2.05 in FY 2025). Revenue: JP¥15.2b (flat on FY 2025). Net income: JP¥262.0m (up 143% from FY 2025). Profit margin: 1.7% (up from 0.7% in FY 2025). Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. New Risk • Jun 01
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.9b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 16
Full year 2026 earnings released: EPS: JP¥4.91 (vs JP¥2.05 in FY 2025) Full year 2026 results: EPS: JP¥4.91 (up from JP¥2.05 in FY 2025). Revenue: JP¥15.2b (flat on FY 2025). Net income: JP¥262.0m (up 143% from FY 2025). Profit margin: 1.7% (up from 0.7% in FY 2025). Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Apr 15
BASE FOOD Inc. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2027 BASE FOOD Inc. provided Non-consolidated earnings guidance for the Fiscal Year Ending February 28, 2027. For the year, the company expects Net sales to be JPY 16,256 million. Operating profit to be JPY 62 million. Announcement • Apr 14
BASE FOOD Inc., Annual General Meeting, May 27, 2026 BASE FOOD Inc., Annual General Meeting, May 27, 2026. Announcement • Apr 03
BASE FOOD Inc. to Report Fiscal Year 2026 Results on Apr 14, 2026 BASE FOOD Inc. announced that they will report fiscal year 2026 results on Apr 14, 2026 Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥405, the stock trades at a trailing P/E ratio of 50.6x. Average trailing P/E is 17x in the Food industry in Japan. Total loss to shareholders of 11% over the past three years. Reported Earnings • Jan 15
Third quarter 2026 earnings released: EPS: JP¥1.70 (vs JP¥4.38 in 3Q 2025) Third quarter 2026 results: EPS: JP¥1.70 (down from JP¥4.38 in 3Q 2025). Revenue: JP¥3.74b (down 6.4% from 3Q 2025). Net income: JP¥91.0m (down 61% from 3Q 2025). Profit margin: 2.4% (down from 5.8% in 3Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Jan 14
Base Food Inc. Revises Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2026 BASE FOOD Inc. revised Non-consolidated earnings guidance for the Fiscal Year Ending February 28, 2026. For the year, the company expects Net sales to be JPY 15,301 million. Operating profit to be JPY 193 million. Announcement • Nov 29
BASE FOOD Inc. to Report Q3, 2026 Results on Jan 14, 2026 BASE FOOD Inc. announced that they will report Q3, 2026 results on Jan 14, 2026 Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥347, the stock trades at a trailing P/E ratio of 32.7x. Average trailing P/E is 16x in the Food industry in Japan. Total returns to shareholders of 1.8% over the past year. Reported Earnings • Oct 15
Second quarter 2026 earnings released: EPS: JP¥0.97 (vs JP¥1.26 loss in 2Q 2025) Second quarter 2026 results: EPS: JP¥0.97 (up from JP¥1.26 loss in 2Q 2025). Revenue: JP¥3.75b (down 4.3% from 2Q 2025). Net income: JP¥52.0m (up JP¥118.0m from 2Q 2025). Profit margin: 1.4% (up from net loss in 2Q 2025). The move to profitability was driven by lower expenses. Announcement • Sep 17
BASE FOOD Inc. to Report Q2, 2026 Results on Oct 14, 2025 BASE FOOD Inc. announced that they will report Q2, 2026 results on Oct 14, 2025 Reported Earnings • Jul 17
First quarter 2026 earnings released: JP¥1.88 loss per share (vs JP¥8.43 loss in 1Q 2025) First quarter 2026 results: JP¥1.88 loss per share (improved from JP¥8.43 loss in 1Q 2025). Revenue: JP¥3.95b (up 7.7% from 1Q 2025). Net loss: JP¥100.0m (loss narrowed 77% from 1Q 2025). Announcement • Jun 29
BASE FOOD Inc. to Report Q1, 2026 Results on Jul 15, 2025 BASE FOOD Inc. announced that they will report Q1, 2026 results on Jul 15, 2025 New Risk • Jun 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Jun 04
Full year 2025 earnings released: EPS: JP¥2.05 (vs JP¥16.83 loss in FY 2024) Full year 2025 results: EPS: JP¥2.05 (up from JP¥16.83 loss in FY 2024). Revenue: JP¥15.2b (up 2.5% from FY 2024). Net income: JP¥108.0m (up JP¥964.0m from FY 2024). Profit margin: 0.7% (up from net loss in FY 2024). The move to profitability was primarily driven by lower expenses. Announcement • Apr 17
Hiroyuki Maki completed the acquisition of an additional 6.9% stake in BASE FOOD Inc. (TSE:2936). Hiroyuki Maki proposed to acquire an additional 6.9% stake in BASE FOOD Inc. (TSE:2936) for ¥2.5 billion on February 17, 2025. A cash consideration valued at ¥688 per share will be paid by Hiroyuki Maki for 3,690,000 shares.
The expected completion of the transaction is April 15, 2025.
Hiroyuki Maki completed the acquisition of an additional 6.9% stake in BASE FOOD Inc. (TSE:2936) on April 15, 2025. Reported Earnings • Apr 15
Full year 2025 earnings released: EPS: JP¥2.05 (vs JP¥16.83 loss in FY 2024) Full year 2025 results: EPS: JP¥2.05 (up from JP¥16.83 loss in FY 2024). Revenue: JP¥15.2b (up 2.5% from FY 2024). Net income: JP¥108.0m (up JP¥964.0m from FY 2024). Profit margin: 0.7% (up from net loss in FY 2024). The move to profitability was primarily driven by lower expenses. Announcement • Mar 01
BASE FOOD Inc. to Report Fiscal Year 2025 Results on Apr 14, 2025 BASE FOOD Inc. announced that they will report fiscal year 2025 results on Apr 14, 2025 Reported Earnings • Jan 15
Third quarter 2025 earnings released: EPS: JP¥4.38 (vs JP¥7.67 loss in 3Q 2024) Third quarter 2025 results: EPS: JP¥4.38 (up from JP¥7.67 loss in 3Q 2024). Revenue: JP¥4.00b (up 16% from 3Q 2024). Net income: JP¥231.0m (up JP¥624.0m from 3Q 2024). Profit margin: 5.8% (up from net loss in 3Q 2024). The move to profitability was primarily driven by higher revenue. Reported Earnings • Oct 17
Second quarter 2025 earnings released: JP¥4.84 loss per share (vs JP¥4.95 profit in 2Q 2024) Second quarter 2025 results: JP¥4.84 loss per share (down from JP¥4.95 profit in 2Q 2024). Revenue: JP¥3.79b (down 13% from 2Q 2024). Net loss: JP¥253.3m (down 201% from profit in 2Q 2024). Announcement • Oct 15
BASE FOOD Inc. Revises Earnings Guidance for the Fiscal Year Ending February 28, 2025 BASE FOOD Inc. revised earnings guidance for the fiscal year ending February 28, 2025. For the year, the company expects net sales of JPY 15,728 million, operating profit of JPY 51 million and Basic earnings per share of JPY 0.01. New Risk • Sep 06
New major risk - Revenue and earnings growth Earnings have declined by 29% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 29% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.3% average weekly change). Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Market cap is less than US$100m (JP¥11.6b market cap, or US$81.2m). Announcement • Aug 29
BASE FOOD Inc. to Report Q2, 2025 Results on Oct 15, 2024 BASE FOOD Inc. announced that they will report Q2, 2025 results on Oct 15, 2024 Reported Earnings • Jul 18
First quarter 2025 earnings released: JP¥8.43 loss per share (vs JP¥7.71 loss in 1Q 2024) First quarter 2025 results: JP¥8.43 loss per share (further deteriorated from JP¥7.71 loss in 1Q 2024). Revenue: JP¥3.66b (down 2.0% from 1Q 2024). Net loss: JP¥440.0m (loss widened 15% from 1Q 2024). Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Food industry in Japan. New Risk • Jul 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.3b (US$97.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Shareholders have been diluted in the past year (5.1% increase in shares outstanding). Market cap is less than US$100m (JP¥15.3b market cap, or US$97.7m). Announcement • Jul 11
BASE FOOD Inc. to Report Q1, 2025 Results on Jul 16, 2024 BASE FOOD Inc. announced that they will report Q1, 2025 results on Jul 16, 2024 New Risk • Jun 21
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.4% average weekly change). Minor Risk Shareholders have been diluted in the past year (5.1% increase in shares outstanding). Announcement • Apr 18
BASE FOOD Inc., Annual General Meeting, May 29, 2024 BASE FOOD Inc., Annual General Meeting, May 29, 2024. Reported Earnings • Apr 16
Full year 2024 earnings released: JP¥16.83 loss per share (vs JP¥25.43 loss in FY 2023) Full year 2024 results: JP¥16.83 loss per share (improved from JP¥25.43 loss in FY 2023). Revenue: JP¥14.9b (up 51% from FY 2023). Net loss: JP¥856.0m (loss narrowed 15% from FY 2023). Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Food industry in Japan. Announcement • Feb 17
BASE FOOD Inc. to Report Fiscal Year 2024 Results on Apr 15, 2024 BASE FOOD Inc. announced that they will report fiscal year 2024 results on Apr 15, 2024 Reported Earnings • Jan 16
Third quarter 2024 earnings released: JP¥7.67 loss per share (vs JP¥3.59 loss in 3Q 2023) Third quarter 2024 results: JP¥7.67 loss per share (further deteriorated from JP¥3.59 loss in 3Q 2023). Revenue: JP¥3.46b (up 30% from 3Q 2023). Net loss: JP¥393.0m (loss widened 122% from 3Q 2023). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Food industry in Japan. Announcement • Nov 02
BASE FOOD Inc. to Report Q3, 2024 Results on Jan 15, 2024 BASE FOOD Inc. announced that they will report Q3, 2024 results on Jan 15, 2024 Reported Earnings • Oct 15
Second quarter 2024 earnings released: EPS: JP¥4.95 (vs JP¥3.59 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥4.95 (up from JP¥3.59 loss in 2Q 2023). Revenue: JP¥4.37b (up 64% from 2Q 2023). Net income: JP¥252.0m (up JP¥429.0m from 2Q 2023). Profit margin: 5.8% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Food industry in Japan. Announcement • Aug 30
BASE FOOD Inc. to Report Q2, 2024 Results on Oct 13, 2023 BASE FOOD Inc. announced that they will report Q2, 2024 results on Oct 13, 2023 New Risk • Jul 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Announcement • Feb 02
BASE FOOD Inc. to Report Fiscal Year 2023 Results on Apr 14, 2023 BASE FOOD Inc. announced that they will report fiscal year 2023 results on Apr 14, 2023 Announcement • Nov 30
BASE FOOD Inc. to Report Q3, 2023 Results on Jan 16, 2023 BASE FOOD Inc. announced that they will report Q3, 2023 results on Jan 16, 2023 Announcement • Nov 16
BASE FOOD Inc. has completed an IPO in the amount of ¥5.12584 billion. BASE FOOD Inc. has completed an IPO in the amount of ¥5.12584 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 6,407,300
Price\Range: ¥800
Discount Per Security: ¥64
Transaction Features: Sponsor Backed Offering