Notice Regarding the Summary of Financial Results for the Fiscal Year Ending May 2026 | ASKUL Corporation (2678) timely disclosure

Worth reading

77Important

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Direction

Mixed performance

Direction inferred from the company’s description.

Scale

17445

¥ million (operating loss for the fiscal year ended May 2026)

Wording

Conditional

How definitive the wording is.

Contents of this document

Supplementary materials to the earnings reportFull fiscal year ended May 202612 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales¥400,199 million-16.8%

Operating profit¥-17,445 million

Ordinary income¥-19,062 million

Net income¥-22,150 million

Selling, general and administrative expenses¥106,758 million

Gross Profit Margin

Rate22.3%

Year-on-year change (points)Down 2.1 percentage points

Operating profit margin

Rate-4.4%

Year-on-year change (points)Down from 2.9% in the previous year

Results for the three months of the current quarterQuarterly results for FY2026/5: in Q4, consolidated revenue was ¥113.3 billion and operating loss was ¥4.9 billion. Revenue from the e-commerce business was ¥80.7 billion and operating loss was ¥4.7 billion.

Full-year earnings forecast

Fiscal year ending May 2027

Net Sales

¥490,000 million

Operating profit

¥7,000 million

Ordinary income

¥6,300 million

Profit attributable to owners of the parent

¥4,000 million

What the company explained in this material

Self-assessment against the planThe company's self-assessment against its own plan.

Revenue and operating profit both met the revised plan

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

Profit decline due to lower revenue-¥13.6 billion
Decline in Gross Profit Margin-¥6.4 billion
Lower logistics cost ratio due to a temporary deterioration in logistics efficiency-¥8.9 billion
Other profit declines-¥900 million
Profit decline in the logistics business and other operations-¥600 million
Increase in fixed costs-¥2.5 billion
Decrease in other expenses-¥0.0 billion
Improved profitability at group companies+¥0.3 billion

Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.

The assumptions for FY2027/5 include 240 weekdays and 54 Saturdays in operation.

New initiatives

Internal reorganization of AP67 (core-company FEED) and integration of procurement functions
Sales support and personalized promotions using big data and AI
Development of new sales models, including collaboration with PayPay and LY Corporation
Shorter delivery times for LOHACO and expansion of next-day delivery areas for FEED Dental
Launch of paper folders
Launch of garbage bags containing recycled material derived from used stretch film

Key KPIsA metric the company considers important as a management benchmark.

Number of original products21,809 Items
Year on year against the same period last year+3,218 items
Original products as a percentage of sales33.8 %
Year on year against the same period last year+0.4 percentage points
ASKUL business original products as a percentage of sales39.5 %
Year on year against the same period last year+0.8 percentage points
Number of companies registered with and operating on SOLOEL ARENA and other platforms76,000 companies
Year on year against the same period last yearUp from 72,000 companies in the previous year
Employment Rate of People with Disabilities33.2 %
Renewable energy utilization rate67.8 %
Number of EVs introduced21 Units
Number of EVs in operation50 Units

Unit price and quantity metricsThese figures show sales broken down by price and volume.

For the ASKUL business, the materials present the number of purchasing customers, average spending per purchasing customer and revenue growth rate. However, the specific figures cannot be read from the charts.

Segment results

e-Commerce business

Net Sales

¥3,930 hundred million+83.2%

Operating profit

¥-162 hundred million

Logistics business and other operations

Net Sales

¥71 hundred million+80.2%

Operating profit

¥-11 hundred million

Medium-term management plan targets

Period CoveredFY2026/5–FY2029/5

Target fiscal yearFiscal year ending May 2029

Consolidated revenue¥540 billion

Consolidated operating margin3.7%

Consolidated ROE20%

Comparison with actual resultsFor FY2025/5, the materials show revenue of ¥481.1 billion, an operating margin of 2.9% and ROE of 12%.

Financial targets

Financial Leverage

Guideline3.0x

Actual results for the fiscal year ended May 20264.81x

Debt-to-equity ratio

Guideline1.0x

Actual results for the fiscal year ended May 20261.47x

ROE

Target20%

Actual results for the fiscal year ended May 2026Temporarily negative

Total payout ratio

Target45%

Actual results for the fiscal year ended May 2026Temporarily negative

Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.

The outlook includes ¥1.26 billion in non-operating expenses and ¥5.10 billion in extraordinary losses as the impact of the ransomware attack.

Capital expenditures

¥129 100 million actual for the fiscal year ended May 2026

Annual Dividend

Fiscal year ending May 2026

Annual¥10

Interim¥0

End of period¥10

Fiscal year ending May 2027

Annual¥20

Interim¥10

End of period¥10

Contents of this document
Item	Details
Document type	Supplementary materials to the earnings report
Fiscal Period Covered	Full fiscal year ended May 2026
Net Sales	¥400,199 million (YoY -16.8%)
Operating profit	¥-17,445 million
Ordinary income	¥-19,062 million
Net income	¥-22,150 million
Gross Profit Margin	Rate 22.3% / Year-on-year change (points) Down 2.1 percentage points
Operating profit margin	Rate -4.4% / Year-on-year change (points) Down from 2.9% in the previous year
Selling, general and administrative expenses	¥106,758 million
Results for the three months of the current quarter	Quarterly results for FY2026/5: in Q4, consolidated revenue was ¥113.3 billion and operating loss was ¥4.9 billion. Revenue from the e-commerce business was ¥80.7 billion and operating loss was ¥4.7 billion.
Full-year earnings forecast	Fiscal year ending May 2027 Net Sales ¥490,000 million / Operating profit ¥7,000 million / Ordinary income ¥6,300 million / Profit attributable to owners of the parent ¥4,000 million
Self-assessment against the plan	Revenue and operating profit both met the revised plan
Segment results	e-Commerce business Net Sales ¥3,930 hundred million (YoY +83.2%) / Operating profit ¥-162 hundred million / Logistics business and other operations Net Sales ¥71 hundred million (YoY +80.2%) / Operating profit ¥-11 hundred million
Breakdown of Factors Affecting the Change	Factors Profit decline due to lower revenue / Amount -¥13.6 billion, Factors Decline in Gross Profit Margin / Amount -¥6.4 billion, Factors Lower logistics cost ratio due to a temporary deterioration in logistics efficiency / Amount -¥8.9 billion, Factors Other profit declines / Amount -¥900 million, Factors Profit decline in the logistics business and other operations / Amount -¥600 million, Factors Increase in fixed costs / Amount -¥2.5 billion, Factors Decrease in other expenses / Amount -¥0.0 billion, Factors Improved profitability at group companies / Amount +¥0.3 billion
Key KPIs	Indicator name Number of original products / Value 21,809 Items / Year on year against the same period last year +3,218 items, Indicator name Original products as a percentage of sales / Value 33.8 % / Year on year against the same period last year +0.4 percentage points, Indicator name ASKUL business original products as a percentage of sales / Value 39.5 % / Year on year against the same period last year +0.8 percentage points, Indicator name Number of companies registered with and operating on SOLOEL ARENA and other platforms / Value 76,000 companies / Year on year against the same period last year Up from 72,000 companies in the previous year, Indicator name Employment Rate of People with Disabilities / Value 33.2 % / Year on year against the same period last year Not disclosed, Indicator name Renewable energy utilization rate / Value 67.8 % / Year on year against the same period last year Not disclosed, Indicator name Number of EVs introduced / Value 21 Units / Year on year against the same period last year Not disclosed, Indicator name Number of EVs in operation / Value 50 Units / Year on year against the same period last year Not disclosed
Unit price and quantity metrics	For the ASKUL business, the materials present the number of purchasing customers, average spending per purchasing customer and revenue growth rate. However, the specific figures cannot be read from the charts.
Assumptions Underlying the Business Outlook	The assumptions for FY2027/5 include 240 weekdays and 54 Saturdays in operation.
Risk amount incorporated into the outlook	The outlook includes ¥1.26 billion in non-operating expenses and ¥5.10 billion in extraordinary losses as the impact of the ransomware attack.
Medium-term management plan targets	Period Covered FY2026/5–FY2029/5 / Target fiscal year Fiscal year ending May 2029 / Consolidated revenue ¥540 billion / Consolidated operating margin 3.7% / Consolidated ROE 20% / Comparison with actual results For FY2025/5, the materials show revenue of ¥481.1 billion, an operating margin of 2.9% and ROE of 12%.
Financial targets	Financial Leverage Guideline 3.0x / Actual results for the fiscal year ended May 2026 4.81x / Debt-to-equity ratio Guideline 1.0x / Actual results for the fiscal year ended May 2026 1.47x / ROE Target 20% / Actual results for the fiscal year ended May 2026 Temporarily negative / Total payout ratio Target 45% / Actual results for the fiscal year ended May 2026 Temporarily negative
Annual Dividend	Fiscal year ending May 2026 Annual ¥10 / Interim ¥0 / End of period ¥10 / Fiscal year ending May 2027 Annual ¥20 / Interim ¥10 / End of period ¥10
Capital expenditures	¥129 100 million (actual for the fiscal year ended May 2026)
New initiatives	Internal reorganization of AP67 (core-company FEED) and integration of procurement functions, Sales support and personalized promotions using big data and AI, Development of new sales models, including collaboration with PayPay and LY Corporation, Shorter delivery times for LOHACO and expansion of next-day delivery areas for FEED Dental, Launch of paper folders, Launch of garbage bags containing recycled material derived from used stretch film

Items this document does not state (8)

Progress against full-year forecastNumber of stores and locationsNumber of employeesPayout ratioAcquisition of treasury sharesOrders received and order backlogMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The ransomware attack reduced revenue and lowered the gross profit margin, while fixed costs increased due to the Kanto data center, logistics network restructuring and replacement of the core system. In the fiscal year ending May 2027, the company plans to advance logistics network restructuring, fixed-cost reductions, revenue recovery and improvements to its earnings structure.

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