Report

PSA Internet / eCommerce: BASE Inc (4477 JT) – Recent Weakness Presents an Opportunity

Since May 2020, the share price of BASE, commonly regarded as Japan’s answer to Shopify, has surged and declined; after reaching a peak of ¥15,930 on Oct 8 – in a 10-fold rise from May 1 – it has now declined, to ¥9,580 currently. Analyst Thao Nguyen discusses prospects for BASE’s business, reviews its competitive landscape, and presents her conclusions.
Underlying
Provider
Pelham Smithers Associates Ltd
Pelham Smithers Associates Ltd

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

PSA produces both company and sector reports. The focus of PSA’s research is to identify winners and losers as new technologies impact the top and bottom lines of corporations. Critical to our research is the clear explanation of how these new technologies work and how they impact companies and industries. 

The founding partners have worked closely together for twenty years and the team has more than doubled in size since 2012. 

Analysts
Thao Nguyen

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