Basic Inc.
519A・Growth Market・Information & Communication
Basic Inc.
519A・Growth Market・Information & Communication
Basic Inc. (Single Segment)
A workflow company supporting front-office DX (Single Segment)
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue (Q1 cumulative, FY2026 (ending December 2026)) | ¥615 million | – (quarterly financial statements not prepared in the same period of the prior year) | ↑ |
| Operating profit (Q1 cumulative, FY2026 (ending December 2026)) | ¥103 million | – (quarterly financial statements not prepared in the same period of the prior year) | ↑ |
| Ordinary profit (Q1 cumulative, FY2026 (ending December 2026)) | ¥96 million | – (quarterly financial statements not prepared in the same period of the prior year) | ↑ |
| Quarterly net income (Q1 cumulative, FY2026 (ending December 2026)) | ¥14 million | – (quarterly financial statements not prepared in the same period of the prior year) | ↑ |
| Gross profit margin (Q1, FY2026 (ending December 2026)) | 83.2% | – | — |
| Operating profit margin (Q1, FY2026 (ending December 2026)) | 16.8% | – | — |
| Total assets (end of Q1, FY2026 (ending December 2026)) | ¥1,907 million | ¥1,163 million (end of FY2025 (ending December 2025)) | ↑ |
| Net assets (end of Q1, FY2026 (ending December 2026)) | ¥1,456 million | ¥721 million (end of FY2025 (ending December 2025)) | ↑ |
| Equity ratio (end of Q1, FY2026 (ending December 2026)) | 76.4% | 62.0% (end of FY2025 (ending December 2025)) | ↑ |
| Full-year revenue forecast (FY2026 (ending December 2026)) | ¥2,734 million | ¥2,276 million (FY2025 (ending December 2025) actual) | ↑ |
| Full-year operating profit forecast (FY2026 (ending December 2026)) | ¥450 million | ¥270 million (FY2025 (ending December 2025) actual) | ↑ |
| Net income per share (Q1, FY2026 (ending December 2026)) | ¥2.87 | – | — |
Business Details
Under the philosophy of "not solving business growth through headcount," the company operates primarily through ferret One, a BtoB marketing workflow tool, and formrun, a form-based workflow tool. Its revenue model is centered on subscription-based, recurring (stock-type) revenue. The company aims to eliminate personalization and information silos in front-office areas such as marketing, sales, and customer success, providing end-to-end support for corporate DX. It listed on the Tokyo Stock Exchange Growth Market on March 25, 2026.
Recent Overview
Listed on the Growth Market in March 2026; recorded Q1 revenue of ¥615 million and operating profit of ¥103 million
The company newly listed on the Tokyo Stock Exchange Growth Market on March 25, 2026, and through a public offering of new shares (900,000 shares), capital stock and capital surplus each increased by ¥360 million. Q1 cumulative revenue reached ¥615 million and operating profit ¥103 million. ferret One benefited from improved customer unit price through expanded usage by existing customers, while formrun benefited from continued growth in the number of paying members. Listing-related expenses of ¥13 million were recorded as non-operating expenses, and the reversal of deferred tax assets resulted in a ¥66 million income tax adjustment, limiting quarterly net income to ¥14 million. The full-year earnings forecast (revenue of ¥2,734 million and operating profit of ¥450 million) remains unchanged.
Key Products
Growth Drivers
- For both ferret One and formrun, new user growth continues to exceed cancellations, sustaining a net increase trend in the number of paying customers
- Improvement in customer unit price for ferret One through expanded usage (upselling) by existing customers
- A stable revenue base driven by a recurring (stock-type) model centered on subscription revenue
- Expansion of corporate DX investment and continued growth of the domestic SaaS market amid the declining birthrate, aging population, and labor shortages
- Growing demand for operational efficiency and front-office DX driven by rapid advances in AI
- Full-scale launch of the compound strategy through the official rollout of workrun and AIBOW (January 2026)
- Enhanced brand recognition and fundraising capability following listing on the Tokyo Stock Exchange Growth Market
Risks
- Risk of rising customer acquisition costs and increased churn rate due to intensifying price and feature competition with competing SaaS products
- Risk of revenue concentration in the two core products (ferret One and formrun)
- Risk of product obsolescence due to the rapid evolution of AI and no-code technologies
- Risk of weakened development and sales capabilities if the company is unable to secure and develop talented personnel
- Risk of fluctuations in estimates regarding the recoverability of deferred tax assets (a ¥66 million income tax adjustment arose in Q1, pressuring net income)
- Risk related to the remaining loan balance of ¥166,400 million (¥33,600 million due within one year plus ¥132,800 million long-term) and rising interest rates
- Risks related to share supply-demand and price volatility immediately following listing, as well as increased costs of maintaining listing status
Last updated: March 30, 2026