Aankondiging • May 29
ASKUL Corporation to Report Fiscal Year 2026 Results on Jul 03, 2026 ASKUL Corporation announced that they will report fiscal year 2026 results on Jul 03, 2026 Upcoming Dividend • May 12
Upcoming dividend of JP¥10.00 per share Eligible 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 28
Dividend of JP¥10.00 announced Shareholders 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%. Aankondiging • Mar 28
ASKUL Corporation to Report Q3, 2026 Results on Mar 27, 2026 ASKUL Corporation announced that they will report Q3, 2026 results on Mar 27, 2026 Buy Or Sell Opportunity • Nov 21
Now 21% overvalued Over 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 12
Upcoming dividend of JP¥19.00 per share Eligible 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 06
Now 20% overvalued Over 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 22
Now 22% overvalued Over 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. Aankondiging • Oct 01
ASKUL Corporation to Report Q2, 2026 Results on Dec 15, 2025 ASKUL Corporation announced that they will report Q2, 2026 results on Dec 15, 2025 Reported Earnings • Sep 17
First quarter 2026 earnings: EPS misses analyst expectations First 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. Declared Dividend • Sep 08
Final dividend of JP¥19.00 announced Shareholders 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 08
Consensus 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. Aankondiging • Jul 31
ASKUL Corporation to Report Q1, 2026 Results on Sep 16, 2025 ASKUL Corporation announced that they will report Q1, 2026 results on Sep 16, 2025 New Risk • Jul 08
New minor risk - Dividend sustainability The 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). Aankondiging • Jul 06
ASKUL Corporation, Annual General Meeting, Aug 05, 2025 ASKUL Corporation, Annual General Meeting, Aug 05, 2025. Reported Earnings • Jul 05
Full 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. Upcoming Dividend • May 12
Upcoming dividend of JP¥19.00 per share Eligible 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 26
Price target decreased by 7.4% to JP¥1,627 Down 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. Aankondiging • Apr 09
ASKUL Corporation to Report Fiscal Year 2025 Results on Jul 04, 2025 ASKUL Corporation announced that they will report fiscal year 2025 results on Jul 04, 2025 Major Estimate Revision • Mar 25
Consensus 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. Aankondiging • Mar 24
ASKUL Corporation(TSE:2678) dropped from FTSE All-World Index (USD) ASKUL Corporation(TSE:2678) dropped from FTSE All-World Index (USD) Reported Earnings • Mar 19
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third 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. Declared Dividend • Jan 21
First half dividend of JP¥19.00 announced Shareholders 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. Aankondiging • Dec 27
ASKUL Corporation to Report Q3, 2025 Results on Mar 18, 2025 ASKUL Corporation announced that they will report Q3, 2025 results at 3:30 PM, Tokyo Standard Time on Mar 18, 2025 Price Target Changed • Dec 23
Price target decreased by 8.5% to JP¥1,973 Down 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 17
New major risk - Revenue and earnings growth Earnings 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 16
Now 24% undervalued after recent price drop Over 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 16
First half 2025 earnings: EPS and revenues miss analyst expectations First 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 12
Upcoming dividend of JP¥19.00 per share Eligible 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%). Aankondiging • Oct 29
ASKUL Corporation to Report October,2025 Results on Oct 28, 2025 ASKUL Corporation announced that they will report October, 2025 results on Oct 28, 2025 Declared Dividend • Sep 19
Dividend of JP¥19.00 announced Shareholders 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 18
New major risk - Revenue and earnings growth Earnings 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 15
First quarter 2025 earnings: EPS misses analyst expectations First 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. Buy Or Sell Opportunity • Jul 30
Now 24% undervalued after recent price drop Over 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. Aankondiging • Jul 29
ASKUL Corporation to Report Q1, 2025 Results on Sep 13, 2024 ASKUL Corporation announced that they will report Q1, 2025 results at 3:00 PM, Tokyo Standard Time on Sep 13, 2024 New Risk • Jul 08
New major risk - Earnings quality The 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 05
Full year 2024 earnings: EPS exceeds analyst expectations Full 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. Aankondiging • Jul 04
ASKUL Corporation, Annual General Meeting, Aug 08, 2024 ASKUL Corporation, Annual General Meeting, Aug 08, 2024. New Risk • Jun 29
New major risk - Revenue and earnings growth Earnings 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 28
Consensus 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 28
Now 20% undervalued Over 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. Upcoming Dividend • May 10
Upcoming dividend of JP¥18.00 per share Eligible 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 17
New major risk - Revenue and earnings growth Earnings 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. Major Estimate Revision • Mar 29
Consensus 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. Aankondiging • Mar 29
ASKUL Corporation to Report Fiscal Year 2024 Results on Jul 03, 2024 ASKUL Corporation announced that they will report fiscal year 2024 results on Jul 03, 2024 Reported Earnings • Mar 17
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third 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 16
Consensus 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. Aankondiging • Dec 27
ASKUL Corporation to Report Q3, 2024 Results on Mar 15, 2024 ASKUL Corporation announced that they will report Q3, 2024 results at 3:00 PM, Tokyo Standard Time on Mar 15, 2024 Reported Earnings • Dec 16
Second quarter 2024 earnings: EPS exceeds analyst expectations Second 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. Aankondiging • Dec 15
Askul 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, 2024 Askul 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 27
Now 20% undervalued Over 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 10
Upcoming dividend of JP¥18.00 per share at 1.7% yield Eligible 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%). Aankondiging • Sep 29
ASKUL Corporation to Report First Half, 2024 Results on Dec 15, 2023 ASKUL Corporation announced that they will report first half, 2024 results on Dec 15, 2023 Buying Opportunity • Sep 19
Now 22% undervalued after recent price drop Over 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 16
First quarter 2024 earnings: EPS misses analyst expectations First 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. Aankondiging • Sep 15
5490069 Provides Dividend Guidance for the Second Quarter End and Year End of Fiscal Year Ending May 20, 2024 ASKUL 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. Aankondiging • Jul 30
ASKUL Corporation to Report Q1, 2024 Results on Sep 15, 2023 ASKUL Corporation announced that they will report Q1, 2024 results on Sep 15, 2023 New Risk • Jul 06
New major risk - Earnings quality The 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. Aankondiging • Jul 06
ASKUL Corporation, Annual General Meeting, Aug 04, 2023 ASKUL Corporation, Annual General Meeting, Aug 04, 2023. Reported Earnings • Jul 05
Full year 2023 earnings: EPS exceeds analyst expectations Full 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 11
Upcoming dividend of JP¥16.00 per share at 1.8% yield Eligible 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 17
Third quarter 2023 earnings: Revenues and EPS in line with analyst expectations Third 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. Aankondiging • Feb 09
ASKUL 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 19
Now 20% undervalued Over 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. Aankondiging • Dec 27
ASKUL Corporation to Report Q3, 2023 Results on Mar 15, 2023 ASKUL Corporation announced that they will report Q3, 2023 results on Mar 15, 2023 Reported Earnings • Dec 16
Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Second 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.