Base Food (2936): Q1 Earnings for the Year Ending February 2027 — Revenue Up +0.8% YoY, Operating Loss of 180 Million Yen

Base Food (2936) has released its financial results for the first quarter of the fiscal year ending February 2027, reporting that revenue increased by +0.8% year-over-year to 3,976 million yen, representing a modest increase. On the earnings front, the company posted an operating loss of 180 million yen, an ordinary loss of 183 million yen, and a net loss of 226 million yen, indicating that improving profitability remains a key challenge. Earnings per share (EPS) stood at -4.24 yen.

From a financial structure and valuation perspective, the equity ratio is recorded at 25.6%, requiring careful monitoring of financial stability. Return on Equity (ROE) came in at -20.04%, Return on Assets (ROA) at -5.13%, and EBITDA at -180 million yen. While the company maintains interest-bearing debt of 600 million yen and retained earnings of 40 million yen, the market will likely focus on its future profit recovery and capital efficiency improvements.

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Correction (September 19, 2026)：We clarified that this article covers the first quarter of the fiscal year ending February 2027 and corrected the source link to the report supporting its figures. Source disclosure

(Correction, September 20, 2026: interest-bearing debt was restated as the total of borrowings, bonds and related items in the original disclosure, 2027年2月期 第1四半期決算短信〔日本基準〕（非連結）.)