BASE, Inc. AI Stock Analysis
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BASE, Inc. (4477) AI Stock Analysis
BASE, Inc.
(TSE/TYO:4477)
The score is driven primarily by improved financial performance—accelerating growth, restored profitability, strong free cash flow, and a conservative balance sheet—partly offset by a history of volatile results. Technicals are strong but look stretched with an elevated RSI, and valuation appears fair-to-moderate with a modest dividend yield.
BASE, Inc. (4477) vs. iShares MSCI Japan ETF (EWJ)
- Market Cap
- JPY 35.24B
- Dividend Yield
- 1.61%
- Average Volume (3M)
- 1.50M
- Price to Earnings (P/E)
- 15.5
- Beta (1Y)
- 0.71
- Revenue Growth
- 36.14%
- EPS Growth
- 304.76%
- Country
- Japan
- Employees
- 401
- Sector
- General
- Sector Strength
- 55
- Industry
- Software - Application
BASE, Inc. Business Overview & Revenue Model
Company Description
BASE, Inc., a Tokyo, Japan-based company, specializes in the design, development, and management of various web services. Its operations are structured into three primary divisions: BASE Business, PAY Business, and Other Business. Key offerings inclu...
BASE, Inc. Financial Statement Overview
Summary
Strong turnaround in 2025 with accelerated revenue growth (+16.5%), a return to solid operating/net profitability, and strong free cash flow that closely matches earnings. The main offset is multi-year volatility (profits and cash flow swung negative in 2022–2023), reducing confidence in sustainability despite a low-debt balance sheet.
Income Statement
74PositiveBalance Sheet
86Very PositiveCash Flow
78Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 23.97B | 20.73B | 15.98B | 11.68B | 9.74B | 9.93B |
| Gross Profit | 12.22B | 9.99B | 7.17B | 5.03B | 4.74B | 5.62B |
| EBITDA | 2.35B | 1.75B | -36.00M | -601.00M | -1.69B | -1.17B |
| Net Income | 2.20B | 1.83B | 340.00M | -606.00M | -1.73B | -1.19B |
Balance Sheet | ||||||
| Total Assets | 52.13B | 57.80B | 46.29B | 37.30B | 31.28B | 31.99B |
| Cash, Cash Equivalents and Short-Term Investments | 22.50B | 26.87B | 25.73B | 22.23B | 22.41B | 24.05B |
| Total Debt | 610.00M | 896.00M | 768.00M | 0 | 0 | 0 |
| Total Liabilities | 36.69B | 42.68B | 32.69B | 24.30B | 17.78B | 16.89B |
| Stockholders Equity | 15.22B | 14.92B | 13.60B | 13.00B | 13.50B | 15.10B |
Cash Flow | ||||||
| Free Cash Flow | 0 | 3.27B | 3.63B | -133.00M | -1.73B | 1.76B |
| Operating Cash Flow | 0 | 3.28B | 3.66B | -80.00M | -1.71B | 1.78B |
| Investing Cash Flow | 0 | -3.07B | -159.00M | -53.00M | -28.00M | -21.00M |
| Financing Cash Flow | 0 | -1.07B | 3.00M | 16.00M | 26.00M | 21.00M |
BASE, Inc. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4477, the sentiment is Negative. The current price of 310.00 is below the 20-day moving average (MA) of 341.55, below the 50-day MA of 346.42, and above the 200-day MA of 307.01, indicating a neutral trend. The MACD of -13.43 indicates Positive momentum. The RSI at 39.40 is Neutral, neither overbought nor oversold. The STOCH value of 29.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4477.
BASE, Inc. Peers Comparison
Overall Rating
JP:448183Outperform
JP:376381Outperform- JP:447774Outperform
JP:383566.5Neutral
JP:390560Neutral
JP:502759Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| JP:4481 | 83Outperform | JPY 58.80B | 14.00 | ― | 3.60% | 0.70% | -2.66% |
| JP:3763 | 81Outperform | JPY 61.12B | 21.64 | ― | 1.87% | 14.75% | 9.45% |
| JP:4477 | 74Outperform | JPY 36.32B | 15.49 | ― | 1.61% | 36.14% | 304.76% |
| JP:3835 | 67Neutral | JPY 15.52B | 15.55 | ― | 4.38% | 1.86% | -12.57% |
| JP:3905 | 60Neutral | JPY 53.56B | 5.52 | ― | ― | 1178.31% | ― |
| JP:5027 | 59Neutral | JPY 45.30B | 34.83 | ― | 0.27% | 28.94% | -29.21% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| JP:4477 | BASE, Inc. | 310.00 | -32.79 | -9.57% | |
| JP:3763 | Pro-Ship Incorporated | 2112.00 | 627.75 | 42.29% | |
| JP:3835 | eBASE Co., Ltd. | 341.00 | -103.95 | -23.36% | |
| JP:3905 | Datasection, Inc. | 1383.00 | -1252.00 | -47.51% | |
| JP:4481 | Base Co., Ltd. | 3145.00 | -132.14 | -4.03% | |
| JP:5027 | AnyMind Group Inc. | 730.00 | -20.61 | -2.75% |
BASE, Inc. Corporate Events
BASE Reports Strong Nine-Month Revenue and Profit Growth
BASE, Inc., listed on the Tokyo Stock Exchange under code 4477, reported consolidated revenue of ¥18.83 billion for the nine months ended Sept. 30, 2026. EBITDA rose 68.6% to ¥1.943 billion, operating profit increased 52.0% to ¥1.740 billion, and pro...
BASE, Inc. Flags Major Shareholder Shift as MELCO Group Builds 25% Stake
BASE, Inc., a Tokyo-based technology and internet services company listed on the Tokyo Stock Exchange Growth Market, provides online platforms and related digital services to merchants in Japan. The firm operates in the competitive e-commerce and dig...
BASE Weighs Governance Overhaul Amid Major Shareholder’s Planned Exit
BASE, Inc. has begun formally considering new measures to further strengthen its corporate governance, aiming to enhance corporate value and align more closely with the common interests of shareholders. The move comes amid heightened shareholder acti...
BASE’s SBI Tender Offer Ends With Minimal Uptake, Alliance Structure Under Review
BASE, Inc. operates in Japan’s e-commerce and online payments sector, providing platforms that help individuals and small businesses launch and run online shops. Listed on the Tokyo Stock Exchange Growth Market under code 4477, the company focuses on...
BASE Extends SBI-Backed Tender Offer Period Amid Major Shareholder Buying
BASE, Inc. announced a partial amendment to its earlier statement supporting a tender offer for its shares by SBINM LLC, a wholly owned subsidiary of SBI Holdings, without changing its favorable stance or its neutral position on whether shareholders...
BASE, Inc. Updates Disclosure on SBI Tender Offer and Extends Timeline
BASE, Inc. has issued a partial amendment to its earlier notice regarding the tender offer for its common shares by SBINM LLC, a wholly owned subsidiary of SBI Holdings, Inc. The company reaffirmed its support for the tender offer and its stance that...
BASE, Inc. Backs Extended SBI Tender Offer Timeline
BASE, Inc. said its stance remains unchanged in supporting the tender offer being conducted by SBINM LLC, a wholly owned subsidiary of SBI Holdings, and in leaving tender decisions to the discretion of its shareholders. The tender offer aims to make...
BASE backs SBI subsidiary’s tender offer and enters capital alliance with SBI Holdings
BASE, Inc. has announced that its board supports a tender offer for its common shares by SBINM LLC, a wholly owned subsidiary of SBI Holdings, while leaving individual participation in the offer to shareholder discretion. The offer, priced at 340 yen...
BASE Halts Share Buyback Amid SBI-Linked Tender Offer
BASE, Inc. has decided to discontinue its previously authorized share repurchase program as of August 28, 2026, following a board resolution taken the same day. The company had not repurchased any shares under the program, despite prior authorization...
BASE Forms Capital and Business Alliance with SBI Holdings to Drive Integrated Fintech and Commerce
BASE, Inc. has entered into a capital and business alliance agreement with SBI Holdings, Inc. to build a medium- to long-term cooperative relationship aimed at enhancing the corporate value of both groups. The partnership is designed to integrate the...
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.
Date of analysis: Oct 06, 2026