Recognition of Extraordinary Loss (Impairment Loss)
ASKUL Corporation (consolidated and non-consolidated financial statements), フィード株式会社, and 株式会社AP67
The FEED Dental mail-order service for the dental industry, goodwill and customer-related assets, and shares of affiliated companies
Higher procurement costs due to the weaker yen, the resulting slowdown in customer-base growth, and delays in generating synergies due to differences in corporate structure
Consolidated: ¥4,823 million (impairment loss on goodwill and customer-related assets; extraordinary loss); non-consolidated: ¥4,825 million (loss on valuation of shares of affiliated companies; extraordinary loss)
Fourth quarter of the fiscal year ending May 2026 (21 February 2026 to 20 May 2026)
The impact on the company’s consolidated results has been reflected in the “Summary of Financial Results for the Fiscal Year Ending May 2026 [Japanese GAAP] (Consolidated)” released today.
The company will pursue cost reductions through the integration of procurement functions, including reorganization within the ASKUL Group, greater efficiency and improved service quality through the use of its logistics platform, and improvements to its earnings structure by eliminating duplicated functions.
| Item | Details |
|---|---|
| Event name | Recognition of Extraordinary Loss (Impairment Loss) |
| Subject Entity | ASKUL Corporation (consolidated and non-consolidated financial statements), フィード株式会社, and 株式会社AP67 |
| Target Locations / Products | The FEED Dental mail-order service for the dental industry, goodwill and customer-related assets, and shares of affiliated companies |
| Cause | Higher procurement costs due to the weaker yen, the resulting slowdown in customer-base growth, and delays in generating synergies due to differences in corporate structure |
| Amount of Impact on Business Performance | Consolidated: ¥4,823 million (impairment loss on goodwill and customer-related assets; extraordinary loss); non-consolidated: ¥4,825 million (loss on valuation of shares of affiliated companies; extraordinary loss) |
| Accounting period in which recognized | Fourth quarter of the fiscal year ending May 2026 (21 February 2026 to 20 May 2026) |
| Impact on Earnings Forecast | The impact on the company’s consolidated results has been reflected in the “Summary of Financial Results for the Fiscal Year Ending May 2026 [Japanese GAAP] (Consolidated)” released today. |
| Outlook | The company will pursue cost reductions through the integration of procurement functions, including reorganization within the ASKUL Group, greater efficiency and improved service quality through the use of its logistics platform, and improvements to its earnings structure by eliminating duplicated functions. |
Items this document does not state (17)
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 company reviewed its growth plans and carefully examined future recoverability in light of higher procurement costs caused by the weaker yen, slower growth in its customer base, and delays in generating synergies due to differences in corporate structure.