Base Co., Ltd. (JP:4481)
:4481
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Base Co., Ltd.
(4481)
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Rating:78Outperform
Price Target:
¥3,266.00
▼(-0.73% Downside)
Action:Reiterated
Date:02/18/26
The score is driven primarily by strong financial performance (high profitability, near debt-free balance sheet, and solid cash conversion). Valuation is also favorable with a moderate P/E and healthy dividend yield. Technical indicators are the main offset, showing weaker longer-term trend and negative MACD despite a modest short-term recovery.
Positive Factors
Conservative balance sheet
Near-zero debt and a very low leverage profile provide durable financial resilience. This minimizes interest burden and bankruptcy risk, preserves optionality for opportunistic investment or buybacks, and supports consistent capital returns and operations through economic cycles.
Negative Factors
2025 growth spike concentration
An outsized ~95.5% revenue jump in 2025 departs markedly from prior steady growth, raising normalization risk. If 2025 drivers are temporary, future topline and margin forecasts may revert lower, complicating investment planning and making multi-period growth assumptions less reliable.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Near-zero debt and a very low leverage profile provide durable financial resilience. This minimizes interest burden and bankruptcy risk, preserves optionality for opportunistic investment or buybacks, and supports consistent capital returns and operations through economic cycles.
Read all positive factors
Base Co., Ltd. (4481) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥54.61B
Dividend Yield3.34%
Average Volume (3M)28.66K
Price to Earnings (P/E)12.6
Beta (1Y)0.89
Revenue Growth3.30%
EPS Growth2.50%
CountryJP
Employees1,243
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)229.37
Shares Outstanding18,812,400
10 Day Avg. Volume25,960
30 Day Avg. Volume28,663
Financial Highlights & Ratios
PEG Ratio1.30
Price to Book (P/B)4.14
Price to Sales (P/S)2.71
P/FCF Ratio13.22
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)250.9
Revenue Forecast (FY)¥24.00B
Base Co., Ltd. Business Overview & Revenue Model
Company Description
Base Co., Ltd. is a Japanese firm that specializes in computer software development and related support services. The company provides a range of solutions, including expertise in system integration, enterprise resource planning (ERP) systems, and...
How the Company Makes Money
null...
Base Co., Ltd. Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.58B | 21.79B | 20.23B | 18.71B | 17.05B | 13.29B |
| Gross Profit | 7.00B | 7.05B | 6.46B | 5.83B | 4.91B | 3.90B |
| EBITDA | 5.80B | 5.82B | 5.26B | 4.72B | 3.97B | 3.08B |
| Net Income | 4.26B | 4.22B | 3.87B | 3.43B | 2.73B | 2.13B |
Balance Sheet | ||||||
| Total Assets | 17.91B | 18.92B | 17.86B | 16.40B | 14.63B | 11.51B |
| Cash, Cash Equivalents and Short-Term Investments | 12.22B | 13.02B | 11.62B | 10.55B | 10.19B | 7.49B |
| Total Debt | 0.00 | 0.00 | 0.00 | 11.94M | 92.88M | 266.15M |
| Total Liabilities | 3.36B | 4.30B | 4.27B | 3.94B | 4.03B | 2.93B |
| Stockholders Equity | 14.22B | 14.25B | 13.23B | 12.15B | 10.33B | 8.37B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 4.46B | 3.86B | 3.24B | 3.64B | 1.39B |
| Operating Cash Flow | 0.00 | 4.46B | 3.88B | 3.28B | 3.67B | 1.44B |
| Investing Cash Flow | 0.00 | 52.99M | 52.59M | -1.20B | -38.20M | -116.80M |
| Financing Cash Flow | 0.00 | -3.22B | -2.92B | -1.75B | -948.99M | -1.06B |
Base Co., Ltd. Technical Analysis
Negative
3290.00
Price Trends
3149.86
Negative
3170.62
Negative
3270.06
Negative
Market Momentum
-78.56
Positive
37.72
Neutral
21.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4481, the sentiment is Negative. The current price of 3290 is above the 20-day moving average (MA) of 2989.40, above the 50-day MA of 3149.86, and above the 200-day MA of 3270.06, indicating a bearish trend. The MACD of -78.56 indicates Positive momentum. The RSI at 37.72 is Neutral, neither overbought nor oversold. The STOCH value of 21.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4481.
Base Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | ¥48.52B | 19.46 | ― | 1.92% | 10.70% | 13.23% | |
78 Outperform | ¥54.61B | 12.65 | ― | 3.34% | 3.30% | 2.50% | |
77 Outperform | ¥59.68B | 11.81 | 31.71% | 1.68% | 17.64% | 47.00% | |
67 Neutral | ¥106.63B | 43.06 | ― | 0.72% | 18.27% | 189.01% | |
64 Neutral | ¥31.25B | 15.11 | ― | ― | 32.07% | 349.54% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
51 Neutral | ¥29.22B | 27.28 | ― | ― | 18.09% | -50.60% |
* Technology Sector Average
JP:4481
Base Co., Ltd.
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Base Co., Ltd. Corporate Events
Base Co. Balances Softer Q1 Earnings With Higher 2026 Dividend and Growth Outlook
May 15, 2026
Base Co., Ltd., listed on the Tokyo Stock Exchange under code 4481, continues to demonstrate financial stability with an equity-to-asset ratio of 85.0% as of March 31, 2026. The company reported total assets of ¥16.7 billion and net assets of...
Base Co., Ltd. Reshapes Board to Strengthen Governance After Shareholders Meeting
Mar 27, 2026
Base Co., Ltd. has finalized a new board structure following its 29th Annual General Meeting of Shareholders held on March 27, 2026. The company confirmed Representative Director and President Katsunari Nakayama and Senior Vice President Director ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.