ASKUL Corporation (JP:2678)
:2678
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ASKUL
(2678)
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Rating:64Neutral
Price Target:
¥1,294.00
▲(7.03% Upside)
Action:DowngradedDate:10/11/25
ASKUL's overall stock score is primarily influenced by its financial performance and valuation. While the company shows strong revenue growth, challenges in profitability and cash flow management are significant concerns. The technical analysis indicates a bearish trend, but the valuation remains reasonable with an attractive dividend yield.
Positive Factors
Stable Gross Margin
A stable ~24% gross margin provides a durable cushion against input cost swings and supports reinvestment into logistics and assortment. For a consumables-led e-commerce model, steady gross margins enable scalable EBITDA recovery as fixed costs are spread over higher volumes and order frequency.
Negative Factors
Negative Free Cash Flow
Negative free cash flow is a structural concern: it limits the company's ability to self-fund capex, inventory and logistics investments and increases reliance on external financing. Persistently negative FCF can strain liquidity and constrain strategic spending that sustains long-term competitiveness.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable Gross Margin
A stable ~24% gross margin provides a durable cushion against input cost swings and supports reinvestment into logistics and assortment. For a consumables-led e-commerce model, steady gross margins enable scalable EBITDA recovery as fixed costs are spread over higher volumes and order frequency.
Read all positive factors
ASKUL (2678) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥106.02B
Dividend Yield2.67%
Average Volume (3M)264.76K
Price to Earnings (P/E)―
Beta (1Y)0.48
Revenue Growth1.69%
EPS Growth-57.32%
CountryJP
Employees3,687
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-82.26
Shares Outstanding89,771,300
10 Day Avg. Volume210,080
30 Day Avg. Volume264,760
Financial Highlights & Ratios
PEG Ratio-0.32
Price to Book (P/B)1.90
Price to Sales (P/S)0.31
P/FCF Ratio40.65
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥1,380.00Price Target Upside14.14% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)-166.61
Revenue Forecast (FY)¥403.41B
ASKUL Business Overview & Revenue Model
Company Description
ASKUL Corporation provides office supplies mail-order services for small and medium sized offices in Japan. The company was incorporated in 1963 and is headquartered in Tokyo, Japan....
How the Company Makes Money
ASKUL primarily makes money by selling products through its distribution platforms to corporate and institutional customers (B2B) and to individual consumers (B2C). Revenue is generated mainly from (1) merchandise sales where ASKUL earns a gross m...
ASKUL Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | May 2024 | May 2023 | May 2022 | May 2021 | May 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 485.04B | 481.10B | 471.68B | 446.71B | 428.52B | 422.15B |
| Gross Profit | 119.87B | 117.54B | 117.50B | 107.04B | 105.07B | 104.38B |
| EBITDA | 24.06B | 25.19B | 27.60B | 21.80B | 21.00B | 20.52B |
| Net Income | 7.87B | 9.07B | 19.14B | 9.79B | 9.21B | 7.76B |
Balance Sheet | ||||||
| Total Assets | 233.13B | 227.78B | 243.06B | 227.51B | 188.33B | 190.49B |
| Cash, Cash Equivalents and Short-Term Investments | 48.80B | 48.42B | 61.74B | 66.22B | 58.79B | 66.26B |
| Total Debt | 44.00B | 36.24B | 36.14B | 40.79B | 25.20B | 28.41B |
| Total Liabilities | 159.64B | 146.52B | 161.72B | 160.63B | 131.06B | 131.28B |
| Stockholders Equity | 70.02B | 77.79B | 78.26B | 64.15B | 56.76B | 58.77B |
Cash Flow | ||||||
| Free Cash Flow | 2.98B | 3.63B | 10.71B | 13.44B | 15.06B | 11.11B |
| Operating Cash Flow | 5.57B | 12.91B | 16.89B | 20.13B | 17.95B | 16.00B |
| Investing Cash Flow | -4.36B | -16.52B | -11.47B | -21.99B | -10.74B | -9.03B |
| Financing Cash Flow | -3.91B | -9.70B | -9.89B | 9.29B | -14.68B | -3.97B |
ASKUL Technical Analysis
Neutral
1209.00
Price Trends
1235.92
Negative
1320.56
Negative
1408.27
Negative
Market Momentum
-10.44
Negative
51.74
Neutral
57.80
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2678, the sentiment is Neutral. The current price of 1209 is above the 20-day moving average (MA) of 1176.05, below the 50-day MA of 1235.92, and below the 200-day MA of 1408.27, indicating a neutral trend. The MACD of -10.44 indicates Negative momentum. The RSI at 51.74 is Neutral, neither overbought nor oversold. The STOCH value of 57.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:2678.
ASKUL Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ¥297.26B | 11.66 | 11.17% | 2.61% | 5.63% | 25.64% | |
66 Neutral | ¥1.43T | 11.88 | 9.29% | 1.11% | ― | ― | |
64 Neutral | ¥106.02B | -3.94 | 10.61% | 2.67% | 1.69% | -57.32% | |
64 Neutral | ¥450.12B | 9.24 | 4.18% | 2.57% | 1.26% | 14.65% | |
62 Neutral | ¥916.07B | 38.31 | 28.71% | 1.03% | 14.16% | 26.13% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
41 Neutral | ¥1.72T | -12.21 | -21.14% | ― | 11.45% | 42.34% |
* Consumer Cyclical Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.