Base Food (TSE:2936) Net Income: 円136 Mil (TTM As of May. 2026)

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TSE:2936 Base Food Inc TSE:2936
53 GF Score
Price 円281.00
GF Value 円469.69
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Base Food Net Income?

Base Food TSE:2936 -0.71% 53 Net Income is 円136 Mil as of May. 2026. GuruFocus rates TSE:2936 with a GF Score™ of 53/100 and a GF Value™ of 円469.69 (Significantly Undervalued). The stock has 2 warning signs investors should review.

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Base Food's Net Income for the three months ended in May. 2026 was 円-226 Mil. Its Net Income for the trailing twelve months (TTM) ended in May. 2026 was 円136 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Base Food's Earnings per Share (Diluted) for the three months ended in May. 2026 was 円-4.24.


Base Food  (TSE:2936) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Base Food's Earnings per Share (Diluted) (EPS) for the quarter that ended in May. 2026 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Base Food Net Income Related Terms


Base Food Net Income Historical Data

* Premium members only.

The historical data trend for Base Food's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Base Food Net Income Chart

Base Food Annual Data
Trend Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Net Income
Get a 7-Day Free Trial -463.07 -1,008.41 -856.02 108.95 262.37

Base Food Quarterly Data
Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -99.97 51.82 91.73 218.79 -226.24
TSE:2936
53GF Score
Base Food Inc TSE:2936
Net Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Base Food Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Base Food's Net Income for the fiscal year that ended in Feb. 2026 is calculated as

Net Income(A: Feb. 2026 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=267.535+-5.162+0+-5.6843418860808E-14
=262

Base Food's Net Income for the quarter that ended in May. 2026 is calculated as

Net Income(Q: May. 2026 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-191.759+-34.479+0+0
=-226

Net Income for the trailing twelve months (TTM) ended in May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円136 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Net Income →
What does a Net Income of 円136 Mil mean?
Base Food (TSE:2936) has a Net Income of 円136 Mil as of May. 2026. Net Income is the total earnings after all operating expenses, interest and taxes. View historical data on Base Food and its competitors.
Is Base Food's Net Income too high?
Base Food's current Net Income is 円136 Mil. Overall, Base Food has a GF Score™ of 53/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Base Food's Net Income compare to KHC and GIS?
Base Food's Net Income of 円136 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Income for a Consumer Packaged Goods company?
A good Net Income depends on the Consumer Packaged Goods industry context. However, Net Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Income mean?
A high Net Income can signal that a stock is expensive relative to its fundamentals. Net Income is the total earnings after all operating expenses, interest and taxes. View historical data on Base Food and its competitors. Base Food's current Net Income is 円136 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Base Food stock overvalued right now?
Based on GuruFocus' analysis, Base Food (TSE:2936) is currently considered Significantly Undervalued. The stock's GF Value™ is 円469.69, compared to a current price of 円281.00 — trading 40.2% below its estimated fair value. The current Net Income is 円136 Mil. Base Food's overall GF Score™ is 53/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Income calculated?
Net Income is calculated from a company's financial statements. For Base Food (TSE:2936), the current Net Income is 円136 Mil as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Base Food (TSE:2936) Overvalued in 2026?

Based on GuruFocus' analysis, Base Food stock appears to be undervalued. The current stock price of 円281.00 is trading 40.2% below its estimated GF Value™ of 円469.69. GuruFocus considers Base Food to be Significantly Undervalued.

Key valuation signals for TSE:2936:

  • Net Income: 円136 Mil
  • GF Value™: 円469.69 vs. price of 円281.00 (40.2% below fair value)
  • GF Score™: 53/100 with 2 warning signs

No single metric tells the full story. See the TSE:2936 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Base Food Business Description

Address 5-25-2 Nakameguro, Meguro-ku, Tokyo, JPN, 153-0061
Base Food Inc. is a Japanese food company that develops and sells nutritionally complete staple foods under the Base Food brand. Its core products are Base Bread, Base Pasta, and Base Cookies, each formulated to provide a balance of essential nutrients such as protein, fiber, vitamins, and minerals in a single serving, positioning them as convenient everyday meal replacements. The company sells primarily through its own direct-to-consumer e-commerce channel and subscription plans, supplemented by retail distribution in supermarkets and convenience stores across Japan. Its customers are health-conscious consumers, busy professionals, and fitness-oriented individuals seeking convenient, balanced nutrition. Revenue is generated mainly from recurring online subscriptions and one-time product purchases, with new product development and limited overseas expansion supporting growth. The company is listed on the Tokyo Stock Exchange.
53GF Score

Get the complete analysis for TSE:2936

Net Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円281.00
Price
円469.69
GF Value