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BASE, Inc.
(4477)
BASE, Inc. (4477) vs. iShares MSCI Japan ETF (EWJ)
BASE, Inc. Business Overview & Revenue Model
BASE, Inc. Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 15.98B | 11.68B | 9.74B | 9.93B | 8.29B |
| Gross Profit | 7.17B | 5.03B | 4.74B | 5.62B | 4.99B |
| EBITDA | -36.00M | -601.00M | -1.69B | -1.17B | 790.45M |
| Net Income | 340.00M | -606.00M | -1.73B | -1.19B | 584.00M |
Balance Sheet | |||||
| Total Assets | 46.29B | 37.30B | 31.28B | 31.99B | 28.51B |
| Cash, Cash Equivalents and Short-Term Investments | 25.73B | 22.23B | 22.41B | 24.05B | 22.27B |
| Total Debt | 727.00M | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 32.69B | 24.30B | 17.78B | 16.89B | 12.29B |
| Stockholders Equity | 13.60B | 13.00B | 13.50B | 15.10B | 16.22B |
Cash Flow | |||||
| Free Cash Flow | 3.63B | -133.00M | -1.73B | 1.76B | 3.09B |
| Operating Cash Flow | 3.66B | -80.00M | -1.71B | 1.78B | 3.13B |
| Investing Cash Flow | -159.00M | -53.00M | -28.00M | -21.00M | -471.70M |
| Financing Cash Flow | 3.00M | 16.00M | 26.00M | 21.00M | 12.42B |
BASE, Inc. Technical Analysis
BASE, Inc. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥15.34B | 10.17 | 0.65% | -12.13% | 291.07% | ||
70 Outperform | ¥12.18B | 18.86 | 0.59% | 14.39% | 48.22% | ||
68 Neutral | ¥242.18B | 15.61 | 6.62% | 2.44% | 9.08% | 2.46% | |
64 Neutral | $356.08B | 13.61 | 31.21% | ― | 2.79% | 92.97% | |
64 Neutral | ¥47.36B | 135.19 | ― | 30.45% | 56.35% | ||
42 Neutral | €4.09B | ― | -174.79% | ― | -7.16% | 71.43% |
BASE, Inc. Corporate Events
BASE, Inc. has announced the issuance of 501,067 new shares as restricted stock compensation, valued at 210,949,207 yen, to align the interests of its directors, officers, and employees with those of shareholders. This move is part of a broader compensation plan aimed at enhancing corporate value and incentivizing key personnel, with transfer restrictions in place to ensure long-term commitment.
BASE, Inc. is currently engaged in a dispute with Mr. Hiroyuki Maki regarding a Planned Tender Offer that Mr. Maki intends to initiate without adhering to the company’s Response Policy. The company is concerned that shareholders may not receive adequate information to make informed decisions about the offer. As a precaution, BASE, Inc.’s Board of Directors has set April 30, 2025, as the record date for a potential Shareholder Opinion Confirmation Meeting to address these concerns, although no countermeasures have been decided yet.
BASE, Inc. has been in discussions with Mr. Hiroyuki Maki regarding a potential tender offer for the company’s shares. Despite Mr. Maki’s assertion that he is investing as a general individual investor without intentions to control the company, BASE, Inc. has expressed concerns over his non-compliance with their Response Policy, which aims to ensure transparency and protect shareholder interests. The company is seeking to engage in further discussions under a confidentiality agreement, although Mr. Maki has declined this proposal, citing the need to address public concerns about the legitimacy of the tender offer.
BASE, Inc. has announced the record date for a potential Extraordinary General Meeting of Shareholders, set for April 30, 2025, to determine eligible shareholders for voting. This meeting is part of ongoing discussions with investor Mr. Hiroyuki Maki regarding a planned tender offer, where Mr. Maki has clarified his position as a general investor with no intention of acquiring control or influencing company management.
BASE, Inc. has announced the establishment of an Independent Committee to oversee its Response Policy aimed at safeguarding corporate value and shareholder interests amidst a planned tender offer by Hiroyuki Maki. The Board of Directors has resolved to introduce measures to prevent inappropriate control over the company’s financial and business policies, ensuring fair and objective decision-making by appointing independent members to the committee. The company plans to propose changes to its board structure at the upcoming Annual General Meeting, including the potential appointment of Ms. Junko Suzuki as an independent committee member.
BASE, Inc. has received notification regarding a rapid and large-scale acquisition of its shares by Hiroyuki Maki, who plans to conduct a tender offer to increase his shareholding to over 30%. This development has raised concerns among shareholders and stakeholders due to the lack of transparency and clarity regarding Maki’s intentions and the potential impact on the company’s management and corporate value.
BASE, Inc. has introduced a response policy to address the rapid and large-scale accumulation of its shares by Mr. Hiroyuki Maki, who intends to acquire more than 30% of the shares through a tender offer. The company aims to ensure that any large-scale acquisition is conducted with sufficient information and time for shareholders to make informed decisions, thereby protecting corporate value and shareholder interests. While the Board of Directors has not opposed Mr. Maki’s tender offer, they emphasize the need for transparency and adequate evaluation time.
BASE, Inc. announced that a shareholder, Hiroyuki Maki, submitted a Large Shareholding Amendment Report indicating an increase in his shareholding ratio by more than 1%, now holding 14.25% of the company’s shares. The acquisition was made through on-market transactions and margin trading with Tachibana Securities. The company has not confirmed the actual number of shares beneficially owned by Mr. Maki and has not engaged in discussions with him. The report suggests the shares are held as a stable holding with the aim of obtaining a control premium, with potential sale if management objectives are not aligned.
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.
BASE, Inc. reported a significant improvement in its financial performance for the fiscal year ended December 31, 2024, with net sales reaching 15,981 million yen, marking a 36.8% increase from the previous year. The company successfully turned around its operations, achieving an operating profit of 772 million yen compared to a loss in the previous fiscal year, reflecting enhanced operational efficiency and strategic positioning in the e-commerce market.
BASE, Inc. announced a significant improvement in its actual financial results for the fiscal year ending December 2024, surpassing its forecast. The growth was driven by higher-than-expected sales in its core businesses and lower than anticipated SG&A expenses. However, the newly acquired want.jp Business underperformed due to external market conditions, resulting in an impairment loss. Despite this, the overall financial performance exceeded forecasts, with net income attributable to owners of the parent surpassing expectations.
BASE, Inc. has announced a resolution to repurchase treasury shares following significant growth in Consolidated Net Sales and improved profitability across all business sectors. This strategic decision, aimed at enhancing capital efficiency and allowing for shareholder returns, is part of the company’s mid-term financial strategy to drive EBITDA growth by continuing its focus on increasing Gross Profit and profitability improvements.
BASE, Inc. has announced a revision to its restricted stock remuneration plan for directors, which will be proposed at the upcoming Ordinary General Meeting of Shareholders. This revision aims to increase the maximum number of shares granted to directors due to the increase in the number of outside directors and to strengthen the board’s supervisory function. The proposal reflects the company’s response to stock price trends and aims to align with future economic changes.
BASE, Inc., a company listed on the Tokyo Stock Exchange Mothers, announced changes in its management structure for the upcoming fiscal year. The Board of Directors plans to strengthen its supervisory function by increasing the number of outside directors to a majority, and has proposed candidates for reappointment and new appointments. These decisions are set to be finalized at the forthcoming Annual General Meeting of Shareholders. The management restructuring aims to enhance governance and operational oversight, potentially impacting the company’s strategic direction and stakeholder confidence.
BASE, Inc. has announced a proposal to amend its Articles of Incorporation to accommodate the diversification of its business operations. The proposed changes, set to be discussed at the upcoming Ordinary General Meeting of Shareholders, include expanding their scope of business to cover areas like insurance, investment partnerships, and transportation, which could enhance their market position and provide new opportunities for stakeholders.