Rebase

Rebase depends on external search engines for much of its customer acquisition, so ranking shifts and AI search answers pose a structural risk to search-driven acquisition; the company counters this with technical search adaptation, customer relationships, and recognition.

Its selling, general and administrative costs rose 43.0% to JPY 594,045 thousand as office-relocation costs and advertising increased, and Rebase recorded an operating loss of JPY 47,467 thousand.

Rebase captures booking-linked commissions from space providers, receiving up to 35% of space-use fees, while higher Instabase transaction value also raises the payment-processing fees it pays to payment processors; without a disclosed delivery cost per booking, these terms do not establish contribution margin.

Space users pay the space-use fee online when reserving. Rebase collects space-use fees through a payment processor and pays space providers after space use, net of service commission.

Instabase operates a two-sided platform for rental-space reservations and customer acquisition that matches people seeking space with people offering it.

Instabase lists more than 48,000 rental spaces across the country, available for hourly booking, and lets users reserve space when they need it. TOIRO supports event operations through event-page creation, participant-fee payments, and QR-code check-in.