New Risk • Jul 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (3.4% net profit margin). Market cap is less than US$100m (JP¥2.22b market cap, or US$13.7m). Announcement • Jun 19
Rebase, Inc. to Report Q1, 2027 Results on Aug 13, 2026 Rebase, Inc. announced that they will report Q1, 2027 results on Aug 13, 2026 Reported Earnings • May 19
Full year 2026 earnings released: EPS: JP¥15.06 (vs JP¥77.93 in FY 2025) Full year 2026 results: EPS: JP¥15.06 (down from JP¥77.93 in FY 2025). Revenue: JP¥2.18b (up 13% from FY 2025). Net income: JP¥74.0m (down 80% from FY 2025). Profit margin: 3.4% (down from 19% in FY 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Real Estate industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥488, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 11x in the Real Estate industry in Japan. Total loss to shareholders of 58% over the past three years. Announcement • May 14
Rebase, Inc., Annual General Meeting, Jun 23, 2026 Rebase, Inc., Annual General Meeting, Jun 23, 2026. New Risk • Mar 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 31% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 31% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Profit margins are more than 30% lower than last year (8.8% net profit margin). Market cap is less than US$100m (JP¥2.83b market cap, or US$17.9m). Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: JP¥4.07 (vs JP¥22.61 in 3Q 2025) Third quarter 2026 results: EPS: JP¥4.07 (down from JP¥22.61 in 3Q 2025). Revenue: JP¥604.0m (up 10% from 3Q 2025). Net income: JP¥20.0m (down 81% from 3Q 2025). Profit margin: 3.3% (down from 19% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Real Estate industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Feb 16
Now 21% undervalued Over the last 90 days, the stock has risen 9.6% to JP¥718. The fair value is estimated to be JP¥908, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last year. Earnings per share has declined by 6.3%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to decline by 32% in the next 2 years. Announcement • Jan 06
Rebase, Inc. to Report Q3, 2026 Results on Feb 13, 2026 Rebase, Inc. announced that they will report Q3, 2026 results on Feb 13, 2026 Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥849, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 12x in the Real Estate industry in Japan. Total loss to shareholders of 30% over the past year. Buy Or Sell Opportunity • Nov 18
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 49% to JP¥657. The fair value is estimated to be JP¥861, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last year. Earnings per share has declined by 6.3%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 65% in the next 2 years. Reported Earnings • Nov 17
Second quarter 2026 earnings released: EPS: JP¥0.81 (vs JP¥16.27 in 2Q 2025) Second quarter 2026 results: EPS: JP¥0.81 (down from JP¥16.27 in 2Q 2025). Revenue: JP¥506.0m (up 11% from 2Q 2025). Net income: JP¥4.00m (down 95% from 2Q 2025). Profit margin: 0.8% (down from 16% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Real Estate industry in Japan. New Risk • Nov 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.2% average weekly change). Minor Risk Market cap is less than US$100m (JP¥4.22b market cap, or US$27.3m). Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to JP¥860, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Real Estate industry in Japan. Total loss to shareholders of 28% over the past year. Buy Or Sell Opportunity • Oct 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to JP¥1,207. The fair value is estimated to be JP¥1,527, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last year. Earnings per share has grown by 34%. Revenue is forecast to grow by 36% in 2 years. Earnings are forecast to grow by 22% in the next 2 years. Buy Or Sell Opportunity • Oct 02
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.3% to JP¥1,231. The fair value is estimated to be JP¥1,546, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last year. Earnings per share has grown by 34%. Revenue is forecast to grow by 36% in 2 years. Earnings are forecast to grow by 22% in the next 2 years. Announcement • Sep 27
Rebase, Inc. to Report Q2, 2026 Results on Nov 13, 2025 Rebase, Inc. announced that they will report Q2, 2026 results on Nov 13, 2025 Buy Or Sell Opportunity • Sep 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to JP¥1,211. The fair value is estimated to be JP¥1,525, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last year. Earnings per share has grown by 34%. Revenue is forecast to grow by 45% in 2 years. Earnings are forecast to grow by 41% in the next 2 years. Reported Earnings • Aug 15
First quarter 2026 earnings released: EPS: JP¥8.55 (vs JP¥13.24 in 1Q 2025) First quarter 2026 results: EPS: JP¥8.55 (down from JP¥13.24 in 1Q 2025). Revenue: JP¥494.0m (up 20% from 1Q 2025). Net income: JP¥42.0m (down 31% from 1Q 2025). Profit margin: 8.5% (down from 15% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Real Estate industry in Japan. Buy Or Sell Opportunity • Aug 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.4% to JP¥1,243. The fair value is estimated to be JP¥1,566, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last year. Earnings per share has grown by 34%. Revenue is forecast to grow by 45% in 2 years. Earnings are forecast to grow by 41% in the next 2 years. Announcement • Jul 02
Rebase, Inc. to Report Q1, 2026 Results on Aug 13, 2025 Rebase, Inc. announced that they will report Q1, 2026 results on Aug 13, 2025 Reported Earnings • Jun 27
Full year 2025 earnings released: EPS: JP¥77.93 (vs JP¥49.50 in FY 2024) Full year 2025 results: EPS: JP¥77.93 (up from JP¥49.50 in FY 2024). Revenue: JP¥1.93b (up 29% from FY 2024). Net income: JP¥362.0m (up 59% from FY 2024). Profit margin: 19% (up from 15% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Real Estate industry in Japan. Reported Earnings • May 20
Full year 2025 earnings released: EPS: JP¥77.93 (vs JP¥49.50 in FY 2024) Full year 2025 results: EPS: JP¥77.93 (up from JP¥49.50 in FY 2024). Revenue: JP¥1.93b (up 29% from FY 2024). Net income: JP¥362.0m (up 59% from FY 2024). Profit margin: 19% (up from 15% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Real Estate industry in Japan. Announcement • May 15
Rebase, Inc., Annual General Meeting, Jun 24, 2025 Rebase, Inc., Annual General Meeting, Jun 24, 2025. Buy Or Sell Opportunity • Apr 25
Now 20% undervalued Over the last 90 days, the stock has risen 1.7% to JP¥1,342. The fair value is estimated to be JP¥1,680, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 53% in the next 2 years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,232, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 11x in the Real Estate industry in Japan. Total returns to shareholders of 41% over the past year. Buy Or Sell Opportunity • Apr 04
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.0% to JP¥1,310. The fair value is estimated to be JP¥1,712, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 47% in 2 years. Earnings are forecast to grow by 53% in the next 2 years. Announcement • Mar 01
Rebase, Inc. to Report Fiscal Year 2025 Results on May 14, 2025 Rebase, Inc. announced that they will report fiscal year 2025 results on May 14, 2025 Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: JP¥22.61 (vs JP¥16.71 in 3Q 2024) Third quarter 2025 results: EPS: JP¥22.61 (up from JP¥16.71 in 3Q 2024). Revenue: JP¥548.0m (up 29% from 3Q 2024). Net income: JP¥105.0m (up 36% from 3Q 2024). Profit margin: 19% (up from 18% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Real Estate industry in Japan. New Risk • Feb 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.8% average weekly change). Minor Risk Market cap is less than US$100m (JP¥8.00b market cap, or US$52.4m). Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥1,697, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 11x in the Real Estate industry in Japan. Total returns to shareholders of 72% over the past year. Announcement • Jan 03
Rebase, Inc. to Report Q3, 2025 Results on Feb 13, 2025 Rebase, Inc. announced that they will report Q3, 2025 results on Feb 13, 2025 Buy Or Sell Opportunity • Nov 29
Now 21% undervalued Over the last 90 days, the stock has risen 21% to JP¥1,258. The fair value is estimated to be JP¥1,586, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last year. Earnings per share has grown by 50%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 41% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥1,200, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 11x in the Real Estate industry in Japan. Total returns to shareholders of 20% over the past year. New Risk • Nov 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.9% average weekly change). Minor Risk Market cap is less than US$100m (JP¥4.59b market cap, or US$29.7m). Announcement • Oct 11
Rebase, Inc. to Report Q2, 2025 Results on Nov 13, 2024 Rebase, Inc. announced that they will report Q2, 2025 results on Nov 13, 2024 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to JP¥688, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Real Estate industry in Japan. Total loss to shareholders of 52% over the past year. New Risk • Aug 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Market cap is less than US$100m (JP¥3.86b market cap, or US$25.9m). Announcement • Jun 06
Rebase, Inc. to Report Q1, 2025 Results on Aug 13, 2024 Rebase, Inc. announced that they will report Q1, 2025 results on Aug 13, 2024 Reported Earnings • May 19
Full year 2024 earnings released: EPS: JP¥49.50 (vs JP¥36.63 in FY 2023) Full year 2024 results: EPS: JP¥49.50 (up from JP¥36.63 in FY 2023). Revenue: JP¥1.49b (up 28% from FY 2023). Net income: JP¥228.0m (up 44% from FY 2023). Profit margin: 15% (up from 14% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Real Estate industry in Japan. Announcement • May 16
Rebase, Inc., Annual General Meeting, Jun 25, 2024 Rebase, Inc., Annual General Meeting, Jun 25, 2024. Announcement • Mar 02
Rebase, Inc. to Report Fiscal Year 2024 Results on May 14, 2024 Rebase, Inc. announced that they will report fiscal year 2024 results on May 14, 2024 Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: JP¥16.71 (vs JP¥6.53 in 3Q 2023) Third quarter 2024 results: EPS: JP¥16.71 (up from JP¥6.53 in 3Q 2023). Revenue: JP¥426.0m (up 35% from 3Q 2023). Net income: JP¥77.0m (up 157% from 3Q 2023). Profit margin: 18% (up from 9.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Real Estate industry in Japan. Announcement • Dec 28
Rebase, Inc. to Report Q3, 2024 Results on Feb 13, 2024 Rebase, Inc. announced that they will report Q3, 2024 results on Feb 13, 2024 Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥849, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Real Estate industry in Japan. Reported Earnings • Nov 17
Second quarter 2024 earnings released: EPS: JP¥9.99 (vs JP¥6.53 in 2Q 2023) Second quarter 2024 results: EPS: JP¥9.99 (up from JP¥6.53 in 2Q 2023). Revenue: JP¥342.0m (up 8.2% from 2Q 2023). Net income: JP¥46.0m (up 53% from 2Q 2023). Profit margin: 14% (up from 9.5% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Real Estate industry in Japan. Announcement • Sep 24
Rebase, Inc. to Report Q2, 2024 Results on Nov 13, 2023 Rebase, Inc. announced that they will report Q2, 2024 results on Nov 13, 2023 Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JP¥1,118, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 12x in the Real Estate industry in Japan. Reported Earnings • Aug 14
First quarter 2024 earnings released First quarter 2024 results: EPS: JP¥8.47. Net income: JP¥39.0m (up JP¥39.0m from 1Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Real Estate industry in Japan. New Risk • Jul 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (7.7% average weekly change). Minor Risk Market cap is less than US$100m (JP¥6.86b market cap, or US$47.5m). Announcement • Jun 24
Rebase, Inc. to Report Q1, 2024 Results on Aug 10, 2023 Rebase, Inc. announced that they will report Q1, 2024 results on Aug 10, 2023 Announcement • May 14
Rebase, Inc., Annual General Meeting, Jun 27, 2023 Rebase, Inc., Annual General Meeting, Jun 27, 2023. Announcement • Jan 06
Rebase, Inc. to Report Q3, 2023 Results on Feb 13, 2023 Rebase, Inc. announced that they will report Q3, 2023 results on Feb 13, 2023 Board Change • Dec 19
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Corporate Group Manager & Director Takuma Otsuji was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 17
Rebase, Inc. has completed an IPO in the amount of ¥791.2 million. Rebase, Inc. has completed an IPO in the amount of ¥791.2 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 860,000
Price\Range: ¥920
Discount Per Security: ¥73.6