View ValuationASKUL 향후 성장Future 기준 점검 4/6ASKUL (는) 각각 연간 73.6% 및 8.4% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 69.5% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 12.4% 로 예상됩니다.핵심 정보73.6%이익 성장률69.49%EPS 성장률Multiline Retail 이익 성장18.9%매출 성장률8.4%향후 자기자본이익률12.44%애널리스트 커버리지Good마지막 업데이트28 Apr 2026최근 향후 성장 업데이트공시 • Jan 28+ 1 more updateASKUL Corporation Withdraws Consolidated Earnings Guidance For the Fiscal Year Ending May 20, 2026ASKUL Corporation withdrew consolidated earnings guidance foe the fiscal year ending May 20, 2026. Previously, the company expected net sales of ¥500,000 million, operating profit to be ¥11,000 million, profit attributable to owners of parent to be ¥6,600 million and Basic earnings per share to be ¥70.57. Reason for Withdrawal: As a result of the system outage caused by the ransomware attack that occurred on October 19, 2025, which led to the temporary suspension of services for the core businesses, including ASKUL and LOHACO, net sales and profits at all levels for the second quarter of the fiscal year ending May 20, 2026 fell significantly below the initial expectations. Although the company has entered the full-scale service recovery phase since mid-December 2025 and is making company-wide efforts in promotions and sales activities to restore customer trust and business performance, the company has determined that it is difficult to reasonably estimate the company's future outlook. Accordingly, the company hereby withdraw the full-year consolidated earnings forecast for the fiscal year ending May 20, 2026, which was announced on July 4, 2025, and revise it to “undetermined”.분석 기사 • Sep 18ASKUL Corporation Just Missed Earnings - But Analysts Have Updated Their ModelsInvestors in ASKUL Corporation ( TSE:2678 ) had a good week, as its shares rose 3.4% to close at JP¥1,632 following the...Major Estimate Revision • Aug 08Consensus EPS estimates increase by 13%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥70.68 to JP¥80.07. Revenue forecast steady at JP¥494.5b. Net income forecast to shrink 17% next year vs 17% growth forecast for Multiline Retail industry in Japan . Consensus price target of JP¥1,557 unchanged from last update. Share price rose 2.8% to JP¥1,588 over the past week.Price Target Changed • Apr 26Price target decreased by 7.4% to JP¥1,627Down from JP¥1,757, the current price target is an average from 9 analysts. New target price is 7.6% above last closing price of JP¥1,512. Stock is down 36% over the past year. The company is forecast to post earnings per share of JP¥97.41 for next year compared to JP¥196 last year.Major Estimate Revision • Mar 25Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥108 to JP¥96.73 per share. Revenue forecast steady at JP¥483.2b. Net income forecast to grow 11% next year vs 13% growth forecast for Multiline Retail industry in Japan. Consensus price target down from JP¥1,857 to JP¥1,751. Share price fell 3.6% to JP¥1,626 over the past week.분석 기사 • Mar 20ASKUL Corporation Just Missed Earnings - But Analysts Have Updated Their ModelsShareholders might have noticed that ASKUL Corporation ( TSE:2678 ) filed its quarterly result this time last week. The...모든 업데이트 보기Recent updatesUpcoming Dividend • May 12Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 19 May 2026. Payment date: 06 August 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.5%).Declared Dividend • Apr 28Dividend of JP¥10.00 announcedShareholders will receive a dividend of JP¥10.00. Ex-date: 19th May 2026 Payment date: 6th August 2026 Dividend yield will be 0.9%, which is lower than the industry average of 1.2%.공시 • Mar 28ASKUL Corporation to Report Q3, 2026 Results on Mar 27, 2026ASKUL Corporation announced that they will report Q3, 2026 results on Mar 27, 2026공시 • Jan 28+ 1 more updateASKUL Corporation Withdraws Consolidated Earnings Guidance For the Fiscal Year Ending May 20, 2026ASKUL Corporation withdrew consolidated earnings guidance foe the fiscal year ending May 20, 2026. Previously, the company expected net sales of ¥500,000 million, operating profit to be ¥11,000 million, profit attributable to owners of parent to be ¥6,600 million and Basic earnings per share to be ¥70.57. Reason for Withdrawal: As a result of the system outage caused by the ransomware attack that occurred on October 19, 2025, which led to the temporary suspension of services for the core businesses, including ASKUL and LOHACO, net sales and profits at all levels for the second quarter of the fiscal year ending May 20, 2026 fell significantly below the initial expectations. Although the company has entered the full-scale service recovery phase since mid-December 2025 and is making company-wide efforts in promotions and sales activities to restore customer trust and business performance, the company has determined that it is difficult to reasonably estimate the company's future outlook. Accordingly, the company hereby withdraw the full-year consolidated earnings forecast for the fiscal year ending May 20, 2026, which was announced on July 4, 2025, and revise it to “undetermined”.Buy Or Sell Opportunity • Nov 21Now 21% overvaluedOver the last 90 days, the stock has fallen 6.3% to JP¥1,442. The fair value is estimated to be JP¥1,196, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has grown by 9.5%. For the next 3 years, revenue is forecast to grow by 3.3% per annum. Earnings are also forecast to grow by 7.3% per annum over the same time period.Upcoming Dividend • Nov 12Upcoming dividend of JP¥19.00 per shareEligible shareholders must have bought the stock before 19 November 2025. Payment date: 20 January 2026. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.4%).Buy Or Sell Opportunity • Nov 06Now 20% overvaluedOver the last 90 days, the stock has fallen 11% to JP¥1,418. The fair value is estimated to be JP¥1,181, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has grown by 9.5%. For the next 3 years, revenue is forecast to grow by 3.3% per annum. Earnings are also forecast to grow by 7.3% per annum over the same time period.Buy Or Sell Opportunity • Oct 22Now 22% overvaluedOver the last 90 days, the stock has fallen 1.2% to JP¥1,478. The fair value is estimated to be JP¥1,213, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has grown by 9.5%. For the next 3 years, revenue is forecast to grow by 3.3% per annum. Earnings are also forecast to grow by 7.3% per annum over the same time period.분석 기사 • Oct 06ASKUL (TSE:2678) Has Announced A Dividend Of ¥19.00The board of ASKUL Corporation ( TSE:2678 ) has announced that it will pay a dividend of ¥19.00 per share on the 20th...공시 • Oct 01ASKUL Corporation to Report Q2, 2026 Results on Dec 15, 2025ASKUL Corporation announced that they will report Q2, 2026 results on Dec 15, 2025분석 기사 • Sep 22ASKUL (TSE:2678) Will Pay A Dividend Of ¥19.00ASKUL Corporation ( TSE:2678 ) will pay a dividend of ¥19.00 on the 20th of January. This makes the dividend yield...분석 기사 • Sep 18ASKUL Corporation Just Missed Earnings - But Analysts Have Updated Their ModelsInvestors in ASKUL Corporation ( TSE:2678 ) had a good week, as its shares rose 3.4% to close at JP¥1,632 following the...Reported Earnings • Sep 17First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: JP¥3.72 (down from JP¥19.55 in 1Q 2025). Revenue: JP¥122.3b (up 2.8% from 1Q 2025). Net income: JP¥344.0m (down 82% from 1Q 2025). Profit margin: 0.3% (down from 1.6% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 64%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.분석 기사 • Sep 08ASKUL (TSE:2678) Is Paying Out A Dividend Of ¥19.00ASKUL Corporation's ( TSE:2678 ) investors are due to receive a payment of ¥19.00 per share on 20th of January. Based...Declared Dividend • Sep 08Final dividend of JP¥19.00 announcedShareholders will receive a dividend of JP¥19.00. Ex-date: 19th November 2025 Payment date: 20th January 2026 Dividend yield will be 2.4%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Major Estimate Revision • Aug 08Consensus EPS estimates increase by 13%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥70.68 to JP¥80.07. Revenue forecast steady at JP¥494.5b. Net income forecast to shrink 17% next year vs 17% growth forecast for Multiline Retail industry in Japan . Consensus price target of JP¥1,557 unchanged from last update. Share price rose 2.8% to JP¥1,588 over the past week.공시 • Jul 31ASKUL Corporation to Report Q1, 2026 Results on Sep 16, 2025ASKUL Corporation announced that they will report Q1, 2026 results on Sep 16, 2025분석 기사 • Jul 11ASKUL's (TSE:2678) Problems Go Beyond Weak ProfitLast week's earnings announcement from ASKUL Corporation ( TSE:2678 ) was disappointing to investors, with a sluggish...New Risk • Jul 08New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.9% net profit margin).공시 • Jul 06ASKUL Corporation, Annual General Meeting, Aug 05, 2025ASKUL Corporation, Annual General Meeting, Aug 05, 2025.Reported Earnings • Jul 05Full year 2025 earnings released: EPS: JP¥95.44 (vs JP¥196 in FY 2024)Full year 2025 results: EPS: JP¥95.44 (down from JP¥196 in FY 2024). Revenue: JP¥481.1b (up 2.0% from FY 2024). Net income: JP¥9.07b (down 53% from FY 2024). Profit margin: 1.9% (down from 4.1% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.공시 • Jul 04+ 3 more updatesASKUL Corporation Announces the Retirement of Directors, Effective from August 5, 2025ASKUL Corporation announced the retirement of Genri Goto as Independent Outside Director and Hironori Koshimizu as Part-Time Director, Scheduled to be retired at the conclusion of the 62nd Annual General Meeting of Shareholders to be held on August 5, 2025.Upcoming Dividend • May 12Upcoming dividend of JP¥19.00 per shareEligible shareholders must have bought the stock before 19 May 2025. Payment date: 12 August 2025. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (1.4%).Price Target Changed • Apr 26Price target decreased by 7.4% to JP¥1,627Down from JP¥1,757, the current price target is an average from 9 analysts. New target price is 7.6% above last closing price of JP¥1,512. Stock is down 36% over the past year. The company is forecast to post earnings per share of JP¥97.41 for next year compared to JP¥196 last year.분석 기사 • Apr 15ASKUL (TSE:2678) Is Due To Pay A Dividend Of ¥19.00The board of ASKUL Corporation ( TSE:2678 ) has announced that it will pay a dividend of ¥19.00 per share on the 12th...공시 • Apr 09ASKUL Corporation to Report Fiscal Year 2025 Results on Jul 04, 2025ASKUL Corporation announced that they will report fiscal year 2025 results on Jul 04, 2025분석 기사 • Apr 01ASKUL's (TSE:2678) Dividend Will Be ¥19.00ASKUL Corporation ( TSE:2678 ) has announced that it will pay a dividend of ¥19.00 per share on the 12th of August...Major Estimate Revision • Mar 25Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥108 to JP¥96.73 per share. Revenue forecast steady at JP¥483.2b. Net income forecast to grow 11% next year vs 13% growth forecast for Multiline Retail industry in Japan. Consensus price target down from JP¥1,857 to JP¥1,751. Share price fell 3.6% to JP¥1,626 over the past week.공시 • Mar 24ASKUL Corporation(TSE:2678) dropped from FTSE All-World Index (USD)ASKUL Corporation(TSE:2678) dropped from FTSE All-World Index (USD)분석 기사 • Mar 20ASKUL Corporation Just Missed Earnings - But Analysts Have Updated Their ModelsShareholders might have noticed that ASKUL Corporation ( TSE:2678 ) filed its quarterly result this time last week. The...Reported Earnings • Mar 19Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: JP¥25.06 (down from JP¥118 in 3Q 2024). Revenue: JP¥120.9b (up 1.8% from 3Q 2024). Net income: JP¥2.37b (down 79% from 3Q 2024). Profit margin: 2.0% (down from 9.7% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 28%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.분석 기사 • Mar 18ASKUL (TSE:2678) Will Pay A Dividend Of ¥19.00The board of ASKUL Corporation ( TSE:2678 ) has announced that it will pay a dividend on the 12th of August, with...공시 • Mar 18+ 1 more updateASKUL Corporation (TSE:2678) announces an Equity Buyback for 5,000,000 shares, representing 5.28% for ¥8,000 million.ASKUL Corporation (TSE:2678) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 5.28% of its issued share capital, for ¥8,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The funds will be sourced from our own funds. The shares purchased will be cancelled. The plan will expire on September 30, 2025. As of February 20, 2025, the company had 94,771,300 shares issued (excluding treasury stock) and 237,700 treasury shares.분석 기사 • Mar 07ASKUL (TSE:2678) Has A Pretty Healthy Balance SheetDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...분석 기사 • Jan 21ASKUL's (TSE:2678) Dividend Will Be ¥19.00The board of ASKUL Corporation ( TSE:2678 ) has announced that it will pay a dividend of ¥19.00 per share on the 12th...Declared Dividend • Jan 21First half dividend of JP¥19.00 announcedShareholders will receive a dividend of JP¥19.00. Ex-date: 19th May 2025 Payment date: 12th August 2025 Dividend yield will be 2.3%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (10% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 9.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 16% over the next 3 years. However, it would need to fall by 89% to increase the payout ratio to a potentially unsustainable range.공시 • Dec 27ASKUL Corporation to Report Q3, 2025 Results on Mar 18, 2025ASKUL Corporation announced that they will report Q3, 2025 results at 3:30 PM, Tokyo Standard Time on Mar 18, 2025Price Target Changed • Dec 23Price target decreased by 8.5% to JP¥1,973Down from JP¥2,158, the current price target is an average from 9 analysts. New target price is 15% above last closing price of JP¥1,711. Stock is down 22% over the past year. The company is forecast to post earnings per share of JP¥110 for next year compared to JP¥196 last year.New Risk • Dec 17New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 2.1% per year for the foreseeable future. High level of non-cash earnings (21% accrual ratio).Buy Or Sell Opportunity • Dec 16Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to JP¥1,740. The fair value is estimated to be JP¥2,278, however this is not to be taken as a buy recommendation but rather should be used as a guide only.Reported Earnings • Dec 16First half 2025 earnings: EPS and revenues miss analyst expectationsFirst half 2025 results: EPS: JP¥39.09 (down from JP¥47.57 in 1H 2024). Revenue: JP¥237.9b (up 2.9% from 1H 2024). Net income: JP¥3.74b (down 19% from 1H 2024). Profit margin: 1.6% (down from 2.0% in 1H 2024). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Nov 12Upcoming dividend of JP¥19.00 per shareEligible shareholders must have bought the stock before 19 November 2024. Payment date: 22 January 2025. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%).분석 기사 • Oct 29ASKUL's (TSE:2678) Dividend Will Be Increased To ¥19.00ASKUL Corporation ( TSE:2678 ) will increase its dividend from last year's comparable payment on the 22nd of January to...공시 • Oct 29ASKUL Corporation to Report October,2025 Results on Oct 28, 2025ASKUL Corporation announced that they will report October, 2025 results on Oct 28, 2025분석 기사 • Oct 04ASKUL's (TSE:2678) Shareholders Will Receive A Bigger Dividend Than Last YearASKUL Corporation ( TSE:2678 ) will increase its dividend from last year's comparable payment on the 22nd of January to...분석 기사 • Oct 03ASKUL (TSE:2678) Seems To Use Debt Quite SensiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...공시 • Oct 02+ 1 more updateASKUL Corporation to Report Q2, 2025 Results on Dec 13, 2024ASKUL Corporation announced that they will report Q2, 2025 results at 3:00 PM, Tokyo Standard Time on Dec 13, 2024분석 기사 • Sep 20ASKUL (TSE:2678) Will Pay A Larger Dividend Than Last Year At ¥19.00The board of ASKUL Corporation ( TSE:2678 ) has announced that it will be paying its dividend of ¥19.00 on the 22nd of...Declared Dividend • Sep 19Dividend of JP¥19.00 announcedShareholders will receive a dividend of JP¥19.00. Ex-date: 28th November 2024 Payment date: 22nd January 2025 Dividend yield will be 1.8%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (18% earnings payout ratio) and cash flows (67% cash payout ratio). The dividend has increased by an average of 9.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to remain steady over the next 3 years, which should provide adequate earnings cover for the dividend.New Risk • Sep 18New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.Reported Earnings • Sep 15First quarter 2025 earnings: EPS misses analyst expectationsFirst quarter 2025 results: EPS: JP¥16.07 (down from JP¥17.74 in 1Q 2024). Revenue: JP¥118.4b (up 4.7% from 1Q 2024). Net income: JP¥1.54b (down 11% from 1Q 2024). Profit margin: 1.3% (down from 1.5% in 1Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.8%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.분석 기사 • Sep 10Does ASKUL (TSE:2678) Deserve A Spot On Your Watchlist?It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...분석 기사 • Aug 13Is ASKUL Corporation (TSE:2678) Trading At A 33% Discount?Key Insights Using the 2 Stage Free Cash Flow to Equity, ASKUL fair value estimate is JP¥3,156 ASKUL is estimated to be...Buy Or Sell Opportunity • Jul 30Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to JP¥2,112. The fair value is estimated to be JP¥2,781, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 29%. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings are forecast to decline by 5.8% per annum over the same time period.공시 • Jul 29ASKUL Corporation to Report Q1, 2025 Results on Sep 13, 2024ASKUL Corporation announced that they will report Q1, 2025 results at 3:00 PM, Tokyo Standard Time on Sep 13, 2024분석 기사 • Jul 12Statutory Earnings May Not Be The Best Way To Understand ASKUL's (TSE:2678) True PositionWe didn't see ASKUL Corporation's ( TSE:2678 ) stock surge when it reported robust earnings recently. We think that...New Risk • Jul 08New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 47% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 1.0% per year for the foreseeable future. High level of non-cash earnings (47% accrual ratio).Reported Earnings • Jul 05Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: JP¥196 (up from JP¥100 in FY 2023). Revenue: JP¥471.7b (up 5.6% from FY 2023). Net income: JP¥19.1b (up 96% from FY 2023). Profit margin: 4.1% (up from 2.2% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.8%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.공시 • Jul 04ASKUL Corporation, Annual General Meeting, Aug 08, 2024ASKUL Corporation, Annual General Meeting, Aug 08, 2024.분석 기사 • Jul 02ASKUL Corporation (TSE:2678) Looks Inexpensive But Perhaps Not Attractive EnoughWith a price-to-earnings (or "P/E") ratio of 11x ASKUL Corporation ( TSE:2678 ) may be sending bullish signals at the...New Risk • Jun 29New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.Major Estimate Revision • Jun 28Consensus EPS estimates increase by 12%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥154 to JP¥172. Revenue forecast steady at JP¥471.8b. Net income forecast to shrink 30% next year vs 9.0% growth forecast for Multiline Retail industry in Japan . Consensus price target broadly unchanged at JP¥2,451. Share price was steady at JP¥2,185 over the past week.Buy Or Sell Opportunity • May 28Now 20% undervaluedOver the last 90 days, the stock has risen 4.9% to JP¥2,189. The fair value is estimated to be JP¥2,743, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 5.2% per annum. Earnings are forecast to decline by 0.6% per annum over the same time period.분석 기사 • May 26Returns At ASKUL (TSE:2678) Are On The Way UpIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Upcoming Dividend • May 10Upcoming dividend of JP¥18.00 per shareEligible shareholders must have bought the stock before 17 May 2024. Payment date: 07 August 2024. Payout ratio is a comfortable 8.3% but the company is paying out more than the cash it is generating. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.3%).New Risk • Apr 17New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.분석 기사 • Mar 31Is ASKUL (TSE:2678) A Risky Investment?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Major Estimate Revision • Mar 29Consensus EPS estimates increase by 12%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥111 to JP¥124. Revenue forecast steady at JP¥472.9b. Net income forecast to shrink 35% next year vs 15% growth forecast for Multiline Retail industry in Japan . Consensus price target up from JP¥2,361 to JP¥2,440. Share price rose 7.4% to JP¥2,294 over the past week.공시 • Mar 29ASKUL Corporation to Report Fiscal Year 2024 Results on Jul 03, 2024ASKUL Corporation announced that they will report fiscal year 2024 results on Jul 03, 2024Reported Earnings • Mar 17Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2024 results: EPS: JP¥118 (up from JP¥26.80 in 3Q 2023). Revenue: JP¥118.8b (up 4.2% from 3Q 2023). Net income: JP¥11.5b (up 341% from 3Q 2023). Profit margin: 9.7% (up from 2.3% in 3Q 2023). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates significantly. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Mar 16Consensus EPS estimates increase by 18%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥109 to JP¥129. Revenue forecast steady at JP¥473.2b. Net income forecast to grow 27% next year vs 17% growth forecast for Multiline Retail industry in Japan. Consensus price target broadly unchanged at JP¥2,361. Share price rose 3.4% to JP¥2,065 over the past week.공시 • Dec 27ASKUL Corporation to Report Q3, 2024 Results on Mar 15, 2024ASKUL Corporation announced that they will report Q3, 2024 results at 3:00 PM, Tokyo Standard Time on Mar 15, 2024Reported Earnings • Dec 16Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: JP¥29.83 (up from JP¥26.58 in 2Q 2023). Revenue: JP¥118.2b (up 7.3% from 2Q 2023). Net income: JP¥2.91b (up 12% from 2Q 2023). Profit margin: 2.5% (up from 2.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.공시 • Dec 15Askul Corporation Announces Dividend for the Second Quarter End of Fiscal Year Ending May 20,2024, Payable on January 22, 2024 ;Provides Dividend Guidance for the Fiscal Year Ending May 20, 2024Askul Corporation announced dividend for the second quarter end of fiscal year ending May 20,2024 and provided dividend guidance for the fiscal year ending May 20, 2024. For the quarter, company announced dividend of JPY 18.00 against JPY 16.00 per share for the pervious period . Payable date is January 22, 2024.For the year, the company expects to pay a dividend of JPY 18.00 per share compared to paid dividend of JPY 18.00 per share a year ago. Breakdown of year-end dividends for the fiscal year ended May 2023:Ordinary dividend JPY 16, Commemorating the 30th anniversary JPY 2.Buying Opportunity • Nov 27Now 20% undervaluedOver the last 90 days, the stock is up 7.6%. The fair value is estimated to be JP¥2,661, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings is also forecast to grow by 14% per annum over the same time period.Upcoming Dividend • Nov 10Upcoming dividend of JP¥18.00 per share at 1.7% yieldEligible shareholders must have bought the stock before 17 November 2023. Payment date: 23 January 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.2%).공시 • Sep 29ASKUL Corporation to Report First Half, 2024 Results on Dec 15, 2023ASKUL Corporation announced that they will report first half, 2024 results on Dec 15, 2023Buying Opportunity • Sep 19Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 2.9%. The fair value is estimated to be JP¥2,415, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings is also forecast to grow by 12% per annum over the same time period.Reported Earnings • Sep 16First quarter 2024 earnings: EPS misses analyst expectationsFirst quarter 2024 results: EPS: JP¥17.74 (down from JP¥19.41 in 1Q 2023). Revenue: JP¥113.1b (up 2.7% from 1Q 2023). Net income: JP¥1.73b (down 8.6% from 1Q 2023). Profit margin: 1.5% (down from 1.7% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 28%. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.공시 • Sep 155490069 Provides Dividend Guidance for the Second Quarter End and Year End of Fiscal Year Ending May 20, 2024ASKUL Corporation provides dividend guidance for the second quarter end and year end of fiscal year ending May 20, 2024. For the quarter, the company expects to pay a dividend of JPY 18.00 compared to paid dividend of JPY 16.00 per share a year ago.For the year, the company expects to pay a dividend of JPY 18.00 per share compared to paid dividend of JPY 18.00 per share a year ago. Breakdown of year-end dividends for the fiscal year ended May 2023:Ordinary dividend JPY 16, Commemorating the 30th anniversary JPY 2.공시 • Jul 30ASKUL Corporation to Report Q1, 2024 Results on Sep 15, 2023ASKUL Corporation announced that they will report Q1, 2024 results on Sep 15, 2023New Risk • Jul 06New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 26% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company.공시 • Jul 06ASKUL Corporation, Annual General Meeting, Aug 04, 2023ASKUL Corporation, Annual General Meeting, Aug 04, 2023.Reported Earnings • Jul 05Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: JP¥100 (up from JP¥90.83 in FY 2022). Revenue: JP¥446.7b (up 4.2% from FY 2022). Net income: JP¥9.79b (up 6.3% from FY 2022). Profit margin: 2.2% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.1%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • May 11Upcoming dividend of JP¥16.00 per share at 1.8% yieldEligible shareholders must have bought the stock before 18 May 2023. Payment date: 07 August 2023. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.3%).Reported Earnings • Mar 17Third quarter 2023 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2023 results: EPS: JP¥26.80 (up from JP¥25.36 in 3Q 2022). Revenue: JP¥114.0b (up 4.6% from 3Q 2022). Net income: JP¥2.61b (up 1.0% from 3Q 2022). Profit margin: 2.3% (down from 2.4% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Online Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.공시 • Feb 09ASKUL Corporation (TSE:2678) agreed to acquire 85% stake in AP67 Co., Ltd. from Advantage Partners VI, a fund managed by Advantage Partners, Inc.ASKUL Corporation (TSE:2678) agreed to acquire 85% stake in AP67 Co., Ltd. from Advantage Partners VI, a fund managed by Advantage Partners, Inc. on February 8, 2023. For the year ended March 31, 2022, AP67 reported EBIT of JPY 104 million yen and total assets of JPY 6740 million.Buying Opportunity • Jan 19Now 20% undervaluedOver the last 90 days, the stock is up 8.9%. The fair value is estimated to be JP¥2,110, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 30%. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings is also forecast to grow by 10% per annum over the same time period.공시 • Dec 27ASKUL Corporation to Report Q3, 2023 Results on Mar 15, 2023ASKUL Corporation announced that they will report Q3, 2023 results on Mar 15, 2023Reported Earnings • Dec 16Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: JP¥26.58 (up from JP¥23.36 in 2Q 2022). Revenue: JP¥110.2b (up 3.3% from 2Q 2022). Net income: JP¥2.59b (up 8.2% from 2Q 2022). Profit margin: 2.4% (up from 2.2% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 4.0%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Online Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.공시 • Dec 16ASKUL Corporation Announces Second Quarter Dividend for the Fiscal Year Ending May 20, 2023, Payable on January 23, 2023ASKUL Corporation announced second quarter dividend of JPY 16 per share for the fiscal year ending May 20, 2023, compared to JPY 15 per share paid an year ago. Scheduled date of commencing dividend payments: January 23, 2023.이익 및 매출 성장 예측TSE:2678 - 애널리스트 향후 추정치 및 과거 재무 데이터 (JPY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수5/31/2028495,8447,0178,500N/A65/31/2027480,1164,4277,020N/A65/31/2026399,058-17,602-21,000N/A72/20/2026409,145-11,062N/AN/AN/A11/20/2025451,894-1,283-5,37711,536N/A8/20/2025485,0417,868N/AN/AN/A5/20/2025481,1019,068-2,54012,908N/A2/20/2025480,4529,103N/AN/AN/A11/20/2024478,32618,24110,95226,085N/A8/20/2024476,99218,954N/AN/AN/A5/20/2024471,68219,1395,44916,887N/A2/20/2024462,55218,840N/AN/AN/A11/20/2023457,7509,9431,45812,153N/A8/20/2023449,7009,625N/AN/AN/A5/20/2023446,7139,7875,65120,131N/A2/20/2023444,7479,168N/AN/AN/A11/20/2022439,7309,1415,11517,835N/A8/20/2022436,1628,944N/AN/AN/A5/20/2022428,5179,2067,86817,952N/A2/20/2022427,1428,739N/AN/AN/A11/20/2021424,7378,85111,31723,260N/A8/20/2021424,4138,409N/AN/AN/A5/20/2021422,1517,7587,10715,998N/A2/20/2021413,9407,686N/AN/AN/A11/20/2020407,2036,9137,82213,223N/A8/20/2020402,6656,244N/AN/AN/A5/20/2020400,3765,65211,52216,609N/A2/20/2020398,4013,435N/AN/AN/A11/20/2019395,6582,311N/A12,807N/A8/20/2019391,3891,578N/AN/AN/A5/20/2019387,470434N/A6,215N/A2/20/2019384,9751,158N/AN/AN/A11/20/2018380,1891,615N/A12,806N/A8/20/2018373,3523,905N/AN/AN/A5/20/2018360,4454,693N/A10,150N/A2/20/2018348,1748,589N/AN/AN/A11/20/2017342,5172,302N/A3,511N/A8/20/2017336,419923N/AN/AN/A5/20/2017335,9141,014N/A16,227N/A2/20/2017337,122-2,070N/AN/AN/A11/20/2016330,1704,585N/A17,718N/A8/20/2016322,7904,046N/AN/AN/A5/20/2016315,0245,255N/A13,831N/A2/20/2016304,4816,137N/AN/AN/A11/20/2015294,7595,922N/A14,409N/A8/20/2015286,5165,704N/AN/AN/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 2678 은 향후 3년 동안 수익을 낼 것으로 예상되며, 이는 절약률(0.8%)보다 빠른 성장으로 간주됩니다.수익 vs 시장: 2678 (는) 향후 3년 동안 평균 시장 성장보다 높은 수익을 올릴 것으로 예상됩니다.고성장 수익: 2678 향후 3년 내에 수익을 낼 것으로 예상됩니다.수익 대 시장: 2678 의 수익(연간 8.4%)이 JP 시장(연간 5.5%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 2678 의 수익(연간 8.4%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 2678의 자본 수익률은 3년 후 12.4%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YRetail 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/26 14:01종가2026/05/26 00:00수익2026/02/20연간 수익2025/05/20데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스ASKUL Corporation는 18명의 분석가가 다루고 있습니다. 이 중 7명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Maki ShinozakiBarclaysHidehiko AokiBofA Global ResearchKeiichi YoneshimaCitigroup Inc15명의 분석가 더 보기
공시 • Jan 28+ 1 more updateASKUL Corporation Withdraws Consolidated Earnings Guidance For the Fiscal Year Ending May 20, 2026ASKUL Corporation withdrew consolidated earnings guidance foe the fiscal year ending May 20, 2026. Previously, the company expected net sales of ¥500,000 million, operating profit to be ¥11,000 million, profit attributable to owners of parent to be ¥6,600 million and Basic earnings per share to be ¥70.57. Reason for Withdrawal: As a result of the system outage caused by the ransomware attack that occurred on October 19, 2025, which led to the temporary suspension of services for the core businesses, including ASKUL and LOHACO, net sales and profits at all levels for the second quarter of the fiscal year ending May 20, 2026 fell significantly below the initial expectations. Although the company has entered the full-scale service recovery phase since mid-December 2025 and is making company-wide efforts in promotions and sales activities to restore customer trust and business performance, the company has determined that it is difficult to reasonably estimate the company's future outlook. Accordingly, the company hereby withdraw the full-year consolidated earnings forecast for the fiscal year ending May 20, 2026, which was announced on July 4, 2025, and revise it to “undetermined”.
분석 기사 • Sep 18ASKUL Corporation Just Missed Earnings - But Analysts Have Updated Their ModelsInvestors in ASKUL Corporation ( TSE:2678 ) had a good week, as its shares rose 3.4% to close at JP¥1,632 following the...
Major Estimate Revision • Aug 08Consensus EPS estimates increase by 13%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥70.68 to JP¥80.07. Revenue forecast steady at JP¥494.5b. Net income forecast to shrink 17% next year vs 17% growth forecast for Multiline Retail industry in Japan . Consensus price target of JP¥1,557 unchanged from last update. Share price rose 2.8% to JP¥1,588 over the past week.
Price Target Changed • Apr 26Price target decreased by 7.4% to JP¥1,627Down from JP¥1,757, the current price target is an average from 9 analysts. New target price is 7.6% above last closing price of JP¥1,512. Stock is down 36% over the past year. The company is forecast to post earnings per share of JP¥97.41 for next year compared to JP¥196 last year.
Major Estimate Revision • Mar 25Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥108 to JP¥96.73 per share. Revenue forecast steady at JP¥483.2b. Net income forecast to grow 11% next year vs 13% growth forecast for Multiline Retail industry in Japan. Consensus price target down from JP¥1,857 to JP¥1,751. Share price fell 3.6% to JP¥1,626 over the past week.
분석 기사 • Mar 20ASKUL Corporation Just Missed Earnings - But Analysts Have Updated Their ModelsShareholders might have noticed that ASKUL Corporation ( TSE:2678 ) filed its quarterly result this time last week. The...
Upcoming Dividend • May 12Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 19 May 2026. Payment date: 06 August 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.5%).
Declared Dividend • Apr 28Dividend of JP¥10.00 announcedShareholders will receive a dividend of JP¥10.00. Ex-date: 19th May 2026 Payment date: 6th August 2026 Dividend yield will be 0.9%, which is lower than the industry average of 1.2%.
공시 • Mar 28ASKUL Corporation to Report Q3, 2026 Results on Mar 27, 2026ASKUL Corporation announced that they will report Q3, 2026 results on Mar 27, 2026
공시 • Jan 28+ 1 more updateASKUL Corporation Withdraws Consolidated Earnings Guidance For the Fiscal Year Ending May 20, 2026ASKUL Corporation withdrew consolidated earnings guidance foe the fiscal year ending May 20, 2026. Previously, the company expected net sales of ¥500,000 million, operating profit to be ¥11,000 million, profit attributable to owners of parent to be ¥6,600 million and Basic earnings per share to be ¥70.57. Reason for Withdrawal: As a result of the system outage caused by the ransomware attack that occurred on October 19, 2025, which led to the temporary suspension of services for the core businesses, including ASKUL and LOHACO, net sales and profits at all levels for the second quarter of the fiscal year ending May 20, 2026 fell significantly below the initial expectations. Although the company has entered the full-scale service recovery phase since mid-December 2025 and is making company-wide efforts in promotions and sales activities to restore customer trust and business performance, the company has determined that it is difficult to reasonably estimate the company's future outlook. Accordingly, the company hereby withdraw the full-year consolidated earnings forecast for the fiscal year ending May 20, 2026, which was announced on July 4, 2025, and revise it to “undetermined”.
Buy Or Sell Opportunity • Nov 21Now 21% overvaluedOver the last 90 days, the stock has fallen 6.3% to JP¥1,442. The fair value is estimated to be JP¥1,196, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has grown by 9.5%. For the next 3 years, revenue is forecast to grow by 3.3% per annum. Earnings are also forecast to grow by 7.3% per annum over the same time period.
Upcoming Dividend • Nov 12Upcoming dividend of JP¥19.00 per shareEligible shareholders must have bought the stock before 19 November 2025. Payment date: 20 January 2026. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.4%).
Buy Or Sell Opportunity • Nov 06Now 20% overvaluedOver the last 90 days, the stock has fallen 11% to JP¥1,418. The fair value is estimated to be JP¥1,181, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has grown by 9.5%. For the next 3 years, revenue is forecast to grow by 3.3% per annum. Earnings are also forecast to grow by 7.3% per annum over the same time period.
Buy Or Sell Opportunity • Oct 22Now 22% overvaluedOver the last 90 days, the stock has fallen 1.2% to JP¥1,478. The fair value is estimated to be JP¥1,213, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has grown by 9.5%. For the next 3 years, revenue is forecast to grow by 3.3% per annum. Earnings are also forecast to grow by 7.3% per annum over the same time period.
분석 기사 • Oct 06ASKUL (TSE:2678) Has Announced A Dividend Of ¥19.00The board of ASKUL Corporation ( TSE:2678 ) has announced that it will pay a dividend of ¥19.00 per share on the 20th...
공시 • Oct 01ASKUL Corporation to Report Q2, 2026 Results on Dec 15, 2025ASKUL Corporation announced that they will report Q2, 2026 results on Dec 15, 2025
분석 기사 • Sep 22ASKUL (TSE:2678) Will Pay A Dividend Of ¥19.00ASKUL Corporation ( TSE:2678 ) will pay a dividend of ¥19.00 on the 20th of January. This makes the dividend yield...
분석 기사 • Sep 18ASKUL Corporation Just Missed Earnings - But Analysts Have Updated Their ModelsInvestors in ASKUL Corporation ( TSE:2678 ) had a good week, as its shares rose 3.4% to close at JP¥1,632 following the...
Reported Earnings • Sep 17First quarter 2026 earnings: EPS misses analyst expectationsFirst quarter 2026 results: EPS: JP¥3.72 (down from JP¥19.55 in 1Q 2025). Revenue: JP¥122.3b (up 2.8% from 1Q 2025). Net income: JP¥344.0m (down 82% from 1Q 2025). Profit margin: 0.3% (down from 1.6% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 64%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
분석 기사 • Sep 08ASKUL (TSE:2678) Is Paying Out A Dividend Of ¥19.00ASKUL Corporation's ( TSE:2678 ) investors are due to receive a payment of ¥19.00 per share on 20th of January. Based...
Declared Dividend • Sep 08Final dividend of JP¥19.00 announcedShareholders will receive a dividend of JP¥19.00. Ex-date: 19th November 2025 Payment date: 20th January 2026 Dividend yield will be 2.4%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Major Estimate Revision • Aug 08Consensus EPS estimates increase by 13%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥70.68 to JP¥80.07. Revenue forecast steady at JP¥494.5b. Net income forecast to shrink 17% next year vs 17% growth forecast for Multiline Retail industry in Japan . Consensus price target of JP¥1,557 unchanged from last update. Share price rose 2.8% to JP¥1,588 over the past week.
공시 • Jul 31ASKUL Corporation to Report Q1, 2026 Results on Sep 16, 2025ASKUL Corporation announced that they will report Q1, 2026 results on Sep 16, 2025
분석 기사 • Jul 11ASKUL's (TSE:2678) Problems Go Beyond Weak ProfitLast week's earnings announcement from ASKUL Corporation ( TSE:2678 ) was disappointing to investors, with a sluggish...
New Risk • Jul 08New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (1.9% net profit margin).
공시 • Jul 06ASKUL Corporation, Annual General Meeting, Aug 05, 2025ASKUL Corporation, Annual General Meeting, Aug 05, 2025.
Reported Earnings • Jul 05Full year 2025 earnings released: EPS: JP¥95.44 (vs JP¥196 in FY 2024)Full year 2025 results: EPS: JP¥95.44 (down from JP¥196 in FY 2024). Revenue: JP¥481.1b (up 2.0% from FY 2024). Net income: JP¥9.07b (down 53% from FY 2024). Profit margin: 1.9% (down from 4.1% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
공시 • Jul 04+ 3 more updatesASKUL Corporation Announces the Retirement of Directors, Effective from August 5, 2025ASKUL Corporation announced the retirement of Genri Goto as Independent Outside Director and Hironori Koshimizu as Part-Time Director, Scheduled to be retired at the conclusion of the 62nd Annual General Meeting of Shareholders to be held on August 5, 2025.
Upcoming Dividend • May 12Upcoming dividend of JP¥19.00 per shareEligible shareholders must have bought the stock before 19 May 2025. Payment date: 12 August 2025. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (1.4%).
Price Target Changed • Apr 26Price target decreased by 7.4% to JP¥1,627Down from JP¥1,757, the current price target is an average from 9 analysts. New target price is 7.6% above last closing price of JP¥1,512. Stock is down 36% over the past year. The company is forecast to post earnings per share of JP¥97.41 for next year compared to JP¥196 last year.
분석 기사 • Apr 15ASKUL (TSE:2678) Is Due To Pay A Dividend Of ¥19.00The board of ASKUL Corporation ( TSE:2678 ) has announced that it will pay a dividend of ¥19.00 per share on the 12th...
공시 • Apr 09ASKUL Corporation to Report Fiscal Year 2025 Results on Jul 04, 2025ASKUL Corporation announced that they will report fiscal year 2025 results on Jul 04, 2025
분석 기사 • Apr 01ASKUL's (TSE:2678) Dividend Will Be ¥19.00ASKUL Corporation ( TSE:2678 ) has announced that it will pay a dividend of ¥19.00 per share on the 12th of August...
Major Estimate Revision • Mar 25Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥108 to JP¥96.73 per share. Revenue forecast steady at JP¥483.2b. Net income forecast to grow 11% next year vs 13% growth forecast for Multiline Retail industry in Japan. Consensus price target down from JP¥1,857 to JP¥1,751. Share price fell 3.6% to JP¥1,626 over the past week.
공시 • Mar 24ASKUL Corporation(TSE:2678) dropped from FTSE All-World Index (USD)ASKUL Corporation(TSE:2678) dropped from FTSE All-World Index (USD)
분석 기사 • Mar 20ASKUL Corporation Just Missed Earnings - But Analysts Have Updated Their ModelsShareholders might have noticed that ASKUL Corporation ( TSE:2678 ) filed its quarterly result this time last week. The...
Reported Earnings • Mar 19Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: JP¥25.06 (down from JP¥118 in 3Q 2024). Revenue: JP¥120.9b (up 1.8% from 3Q 2024). Net income: JP¥2.37b (down 79% from 3Q 2024). Profit margin: 2.0% (down from 9.7% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 28%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
분석 기사 • Mar 18ASKUL (TSE:2678) Will Pay A Dividend Of ¥19.00The board of ASKUL Corporation ( TSE:2678 ) has announced that it will pay a dividend on the 12th of August, with...
공시 • Mar 18+ 1 more updateASKUL Corporation (TSE:2678) announces an Equity Buyback for 5,000,000 shares, representing 5.28% for ¥8,000 million.ASKUL Corporation (TSE:2678) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 5.28% of its issued share capital, for ¥8,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The funds will be sourced from our own funds. The shares purchased will be cancelled. The plan will expire on September 30, 2025. As of February 20, 2025, the company had 94,771,300 shares issued (excluding treasury stock) and 237,700 treasury shares.
분석 기사 • Mar 07ASKUL (TSE:2678) Has A Pretty Healthy Balance SheetDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
분석 기사 • Jan 21ASKUL's (TSE:2678) Dividend Will Be ¥19.00The board of ASKUL Corporation ( TSE:2678 ) has announced that it will pay a dividend of ¥19.00 per share on the 12th...
Declared Dividend • Jan 21First half dividend of JP¥19.00 announcedShareholders will receive a dividend of JP¥19.00. Ex-date: 19th May 2025 Payment date: 12th August 2025 Dividend yield will be 2.3%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (10% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 9.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 16% over the next 3 years. However, it would need to fall by 89% to increase the payout ratio to a potentially unsustainable range.
공시 • Dec 27ASKUL Corporation to Report Q3, 2025 Results on Mar 18, 2025ASKUL Corporation announced that they will report Q3, 2025 results at 3:30 PM, Tokyo Standard Time on Mar 18, 2025
Price Target Changed • Dec 23Price target decreased by 8.5% to JP¥1,973Down from JP¥2,158, the current price target is an average from 9 analysts. New target price is 15% above last closing price of JP¥1,711. Stock is down 22% over the past year. The company is forecast to post earnings per share of JP¥110 for next year compared to JP¥196 last year.
New Risk • Dec 17New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 2.1% per year for the foreseeable future. High level of non-cash earnings (21% accrual ratio).
Buy Or Sell Opportunity • Dec 16Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to JP¥1,740. The fair value is estimated to be JP¥2,278, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
Reported Earnings • Dec 16First half 2025 earnings: EPS and revenues miss analyst expectationsFirst half 2025 results: EPS: JP¥39.09 (down from JP¥47.57 in 1H 2024). Revenue: JP¥237.9b (up 2.9% from 1H 2024). Net income: JP¥3.74b (down 19% from 1H 2024). Profit margin: 1.6% (down from 2.0% in 1H 2024). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Nov 12Upcoming dividend of JP¥19.00 per shareEligible shareholders must have bought the stock before 19 November 2024. Payment date: 22 January 2025. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%).
분석 기사 • Oct 29ASKUL's (TSE:2678) Dividend Will Be Increased To ¥19.00ASKUL Corporation ( TSE:2678 ) will increase its dividend from last year's comparable payment on the 22nd of January to...
공시 • Oct 29ASKUL Corporation to Report October,2025 Results on Oct 28, 2025ASKUL Corporation announced that they will report October, 2025 results on Oct 28, 2025
분석 기사 • Oct 04ASKUL's (TSE:2678) Shareholders Will Receive A Bigger Dividend Than Last YearASKUL Corporation ( TSE:2678 ) will increase its dividend from last year's comparable payment on the 22nd of January to...
분석 기사 • Oct 03ASKUL (TSE:2678) Seems To Use Debt Quite SensiblySome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
공시 • Oct 02+ 1 more updateASKUL Corporation to Report Q2, 2025 Results on Dec 13, 2024ASKUL Corporation announced that they will report Q2, 2025 results at 3:00 PM, Tokyo Standard Time on Dec 13, 2024
분석 기사 • Sep 20ASKUL (TSE:2678) Will Pay A Larger Dividend Than Last Year At ¥19.00The board of ASKUL Corporation ( TSE:2678 ) has announced that it will be paying its dividend of ¥19.00 on the 22nd of...
Declared Dividend • Sep 19Dividend of JP¥19.00 announcedShareholders will receive a dividend of JP¥19.00. Ex-date: 28th November 2024 Payment date: 22nd January 2025 Dividend yield will be 1.8%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (18% earnings payout ratio) and cash flows (67% cash payout ratio). The dividend has increased by an average of 9.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to remain steady over the next 3 years, which should provide adequate earnings cover for the dividend.
New Risk • Sep 18New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.
Reported Earnings • Sep 15First quarter 2025 earnings: EPS misses analyst expectationsFirst quarter 2025 results: EPS: JP¥16.07 (down from JP¥17.74 in 1Q 2024). Revenue: JP¥118.4b (up 4.7% from 1Q 2024). Net income: JP¥1.54b (down 11% from 1Q 2024). Profit margin: 1.3% (down from 1.5% in 1Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.8%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
분석 기사 • Sep 10Does ASKUL (TSE:2678) Deserve A Spot On Your Watchlist?It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
분석 기사 • Aug 13Is ASKUL Corporation (TSE:2678) Trading At A 33% Discount?Key Insights Using the 2 Stage Free Cash Flow to Equity, ASKUL fair value estimate is JP¥3,156 ASKUL is estimated to be...
Buy Or Sell Opportunity • Jul 30Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to JP¥2,112. The fair value is estimated to be JP¥2,781, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 29%. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings are forecast to decline by 5.8% per annum over the same time period.
공시 • Jul 29ASKUL Corporation to Report Q1, 2025 Results on Sep 13, 2024ASKUL Corporation announced that they will report Q1, 2025 results at 3:00 PM, Tokyo Standard Time on Sep 13, 2024
분석 기사 • Jul 12Statutory Earnings May Not Be The Best Way To Understand ASKUL's (TSE:2678) True PositionWe didn't see ASKUL Corporation's ( TSE:2678 ) stock surge when it reported robust earnings recently. We think that...
New Risk • Jul 08New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 47% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 1.0% per year for the foreseeable future. High level of non-cash earnings (47% accrual ratio).
Reported Earnings • Jul 05Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: JP¥196 (up from JP¥100 in FY 2023). Revenue: JP¥471.7b (up 5.6% from FY 2023). Net income: JP¥19.1b (up 96% from FY 2023). Profit margin: 4.1% (up from 2.2% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.8%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
공시 • Jul 04ASKUL Corporation, Annual General Meeting, Aug 08, 2024ASKUL Corporation, Annual General Meeting, Aug 08, 2024.
분석 기사 • Jul 02ASKUL Corporation (TSE:2678) Looks Inexpensive But Perhaps Not Attractive EnoughWith a price-to-earnings (or "P/E") ratio of 11x ASKUL Corporation ( TSE:2678 ) may be sending bullish signals at the...
New Risk • Jun 29New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.
Major Estimate Revision • Jun 28Consensus EPS estimates increase by 12%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥154 to JP¥172. Revenue forecast steady at JP¥471.8b. Net income forecast to shrink 30% next year vs 9.0% growth forecast for Multiline Retail industry in Japan . Consensus price target broadly unchanged at JP¥2,451. Share price was steady at JP¥2,185 over the past week.
Buy Or Sell Opportunity • May 28Now 20% undervaluedOver the last 90 days, the stock has risen 4.9% to JP¥2,189. The fair value is estimated to be JP¥2,743, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 5.2% per annum. Earnings are forecast to decline by 0.6% per annum over the same time period.
분석 기사 • May 26Returns At ASKUL (TSE:2678) Are On The Way UpIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Upcoming Dividend • May 10Upcoming dividend of JP¥18.00 per shareEligible shareholders must have bought the stock before 17 May 2024. Payment date: 07 August 2024. Payout ratio is a comfortable 8.3% but the company is paying out more than the cash it is generating. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.3%).
New Risk • Apr 17New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results.
분석 기사 • Mar 31Is ASKUL (TSE:2678) A Risky Investment?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Major Estimate Revision • Mar 29Consensus EPS estimates increase by 12%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥111 to JP¥124. Revenue forecast steady at JP¥472.9b. Net income forecast to shrink 35% next year vs 15% growth forecast for Multiline Retail industry in Japan . Consensus price target up from JP¥2,361 to JP¥2,440. Share price rose 7.4% to JP¥2,294 over the past week.
공시 • Mar 29ASKUL Corporation to Report Fiscal Year 2024 Results on Jul 03, 2024ASKUL Corporation announced that they will report fiscal year 2024 results on Jul 03, 2024
Reported Earnings • Mar 17Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2024 results: EPS: JP¥118 (up from JP¥26.80 in 3Q 2023). Revenue: JP¥118.8b (up 4.2% from 3Q 2023). Net income: JP¥11.5b (up 341% from 3Q 2023). Profit margin: 9.7% (up from 2.3% in 3Q 2023). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates significantly. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Mar 16Consensus EPS estimates increase by 18%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥109 to JP¥129. Revenue forecast steady at JP¥473.2b. Net income forecast to grow 27% next year vs 17% growth forecast for Multiline Retail industry in Japan. Consensus price target broadly unchanged at JP¥2,361. Share price rose 3.4% to JP¥2,065 over the past week.
공시 • Dec 27ASKUL Corporation to Report Q3, 2024 Results on Mar 15, 2024ASKUL Corporation announced that they will report Q3, 2024 results at 3:00 PM, Tokyo Standard Time on Mar 15, 2024
Reported Earnings • Dec 16Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: JP¥29.83 (up from JP¥26.58 in 2Q 2023). Revenue: JP¥118.2b (up 7.3% from 2Q 2023). Net income: JP¥2.91b (up 12% from 2Q 2023). Profit margin: 2.5% (up from 2.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
공시 • Dec 15Askul Corporation Announces Dividend for the Second Quarter End of Fiscal Year Ending May 20,2024, Payable on January 22, 2024 ;Provides Dividend Guidance for the Fiscal Year Ending May 20, 2024Askul Corporation announced dividend for the second quarter end of fiscal year ending May 20,2024 and provided dividend guidance for the fiscal year ending May 20, 2024. For the quarter, company announced dividend of JPY 18.00 against JPY 16.00 per share for the pervious period . Payable date is January 22, 2024.For the year, the company expects to pay a dividend of JPY 18.00 per share compared to paid dividend of JPY 18.00 per share a year ago. Breakdown of year-end dividends for the fiscal year ended May 2023:Ordinary dividend JPY 16, Commemorating the 30th anniversary JPY 2.
Buying Opportunity • Nov 27Now 20% undervaluedOver the last 90 days, the stock is up 7.6%. The fair value is estimated to be JP¥2,661, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings is also forecast to grow by 14% per annum over the same time period.
Upcoming Dividend • Nov 10Upcoming dividend of JP¥18.00 per share at 1.7% yieldEligible shareholders must have bought the stock before 17 November 2023. Payment date: 23 January 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.2%).
공시 • Sep 29ASKUL Corporation to Report First Half, 2024 Results on Dec 15, 2023ASKUL Corporation announced that they will report first half, 2024 results on Dec 15, 2023
Buying Opportunity • Sep 19Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 2.9%. The fair value is estimated to be JP¥2,415, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings is also forecast to grow by 12% per annum over the same time period.
Reported Earnings • Sep 16First quarter 2024 earnings: EPS misses analyst expectationsFirst quarter 2024 results: EPS: JP¥17.74 (down from JP¥19.41 in 1Q 2023). Revenue: JP¥113.1b (up 2.7% from 1Q 2023). Net income: JP¥1.73b (down 8.6% from 1Q 2023). Profit margin: 1.5% (down from 1.7% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 28%. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
공시 • Sep 155490069 Provides Dividend Guidance for the Second Quarter End and Year End of Fiscal Year Ending May 20, 2024ASKUL Corporation provides dividend guidance for the second quarter end and year end of fiscal year ending May 20, 2024. For the quarter, the company expects to pay a dividend of JPY 18.00 compared to paid dividend of JPY 16.00 per share a year ago.For the year, the company expects to pay a dividend of JPY 18.00 per share compared to paid dividend of JPY 18.00 per share a year ago. Breakdown of year-end dividends for the fiscal year ended May 2023:Ordinary dividend JPY 16, Commemorating the 30th anniversary JPY 2.
공시 • Jul 30ASKUL Corporation to Report Q1, 2024 Results on Sep 15, 2023ASKUL Corporation announced that they will report Q1, 2024 results on Sep 15, 2023
New Risk • Jul 06New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 26% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company.
공시 • Jul 06ASKUL Corporation, Annual General Meeting, Aug 04, 2023ASKUL Corporation, Annual General Meeting, Aug 04, 2023.
Reported Earnings • Jul 05Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: JP¥100 (up from JP¥90.83 in FY 2022). Revenue: JP¥446.7b (up 4.2% from FY 2022). Net income: JP¥9.79b (up 6.3% from FY 2022). Profit margin: 2.2% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.1%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • May 11Upcoming dividend of JP¥16.00 per share at 1.8% yieldEligible shareholders must have bought the stock before 18 May 2023. Payment date: 07 August 2023. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.3%).
Reported Earnings • Mar 17Third quarter 2023 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2023 results: EPS: JP¥26.80 (up from JP¥25.36 in 3Q 2022). Revenue: JP¥114.0b (up 4.6% from 3Q 2022). Net income: JP¥2.61b (up 1.0% from 3Q 2022). Profit margin: 2.3% (down from 2.4% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Online Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
공시 • Feb 09ASKUL Corporation (TSE:2678) agreed to acquire 85% stake in AP67 Co., Ltd. from Advantage Partners VI, a fund managed by Advantage Partners, Inc.ASKUL Corporation (TSE:2678) agreed to acquire 85% stake in AP67 Co., Ltd. from Advantage Partners VI, a fund managed by Advantage Partners, Inc. on February 8, 2023. For the year ended March 31, 2022, AP67 reported EBIT of JPY 104 million yen and total assets of JPY 6740 million.
Buying Opportunity • Jan 19Now 20% undervaluedOver the last 90 days, the stock is up 8.9%. The fair value is estimated to be JP¥2,110, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 30%. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings is also forecast to grow by 10% per annum over the same time period.
공시 • Dec 27ASKUL Corporation to Report Q3, 2023 Results on Mar 15, 2023ASKUL Corporation announced that they will report Q3, 2023 results on Mar 15, 2023
Reported Earnings • Dec 16Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2023 results: EPS: JP¥26.58 (up from JP¥23.36 in 2Q 2022). Revenue: JP¥110.2b (up 3.3% from 2Q 2022). Net income: JP¥2.59b (up 8.2% from 2Q 2022). Profit margin: 2.4% (up from 2.2% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 4.0%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Online Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
공시 • Dec 16ASKUL Corporation Announces Second Quarter Dividend for the Fiscal Year Ending May 20, 2023, Payable on January 23, 2023ASKUL Corporation announced second quarter dividend of JPY 16 per share for the fiscal year ending May 20, 2023, compared to JPY 15 per share paid an year ago. Scheduled date of commencing dividend payments: January 23, 2023.