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ASKUL Plunges on Forecast of \20.5 Billion Operating Loss and \28 Dividend Cut for FY May 2026

Mon Mar 30, 2026 10:39 am JST Catalyst

ASKUL Corporation <2678> plunged sharply, falling to its lowest level in approximately seven years and one month since February 2019. After the close of trading on the 27th last week, the company announced its previously undisclosed earnings forecast for the fiscal year ending May 2026, projecting sales of \395 billion (down 17.9% year-on-year) and an operating loss of \20.5 billion (compared to an operating profit of \14.04 billion in the previous fiscal year). The company set its year-end dividend forecast at \10. No interim dividend was paid. The annual dividend forecast for this fiscal year is \10, representing a \28 cut from the previous year's \38, prompting heavy selling pressure.

The company had previously withdrawn its earnings forecast due to system disruptions caused by a ransomware attack. As it considers selection, concentration, and business reorganization of group companies to achieve earnings recovery from the next fiscal year onward, the net income forecast for this fiscal year remains undisclosed. The company also disclosed its monthly performance for March (February 21 to March 20). Sales for the ASKUL business totaled \24.87 billion, down 15.3% year-on-year.

Source: MINKABU PRESS

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