TSE:4477IT
BASE (TSE:4477) Stock Faces Profit Squeeze Despite Stronger Revenue
BASEInc entered this earnings season with a strong profitability story and a P/E of 14.8x that looked cheaper than many peers, yet the stock has drifted down 7.2% over the past week and 2.4% over the past month. Q2 results now put that optimism under the microscope. Revenue came in at ¥6,145m, but quarterly basic earnings per share slipped to ¥2.59 from ¥4.49 in Q1, and net income fell to ¥298m from ¥517m. The headline this quarter is a clear squeeze on profits, not on growth.
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