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The latest announcement is out from BASE, Inc. ( (JP:4477) ).
BASE, Inc. has announced an extraordinary loss due to the underperformance of its subsidiary, want.jp Corporation, following its acquisition aimed at strengthening cross-border e-commerce capabilities. The loss, totaling JPY 867 million in consolidated financial statements, is attributed to foreign exchange fluctuations and operational policy changes in overseas platforms where want.jp operates. Despite the financial setback, BASE, Inc. plans to continue improving operations and developing cross-border e-commerce functionalities.
More about BASE, Inc.
BASE, Inc. operates in the e-commerce industry and focuses on enhancing cross-border e-commerce functionality for shops. The company is known for its efforts in expanding and consolidating its e-commerce platforms, especially through strategic acquisitions like want.jp Corporation.
YTD Price Performance: 12.62%
Average Trading Volume: 3,722,828
Technical Sentiment Consensus Rating: Sell
Current Market Cap: Yen42.6B
See more data about 4477 stock on TipRanks’ Stock Analysis page.