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ASKUL
(2678)
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Rating:45Neutral
Price Target:
¥1,195.00
▼(-1.16% Downside)
Action:Reiterated
Date:07/04/26
The score is primarily weighed down by the latest financial deterioration—loss-making results, negative operating/free cash flow, and higher leverage with reduced equity. Technicals provide some offset with modestly positive near-term momentum, but valuation remains constrained by a negative P/E and a low dividend yield.
Positive Factors
Logistics & distribution network
ASKUL’s owned e‑commerce and fulfillment capabilities are a durable operational advantage for B2B office supplies. Fast, small‑lot delivery drives high order frequency, customer retention and stickiness among SMEs, supporting recurring revenue and defensive market position over months.
Negative Factors
Latest year loss and revenue decline
The recent revenue contraction and swing to a large operating/net loss materially reduce earnings visibility and retained earnings. Persistent losses can deplete buffers, impair investment in logistics or marketing, and worsen counterparty confidence, making recovery and strategic initiatives harder to execute.
Read all positive and negative factors
Positive Factors
Negative Factors
Logistics & distribution network
ASKUL’s owned e‑commerce and fulfillment capabilities are a durable operational advantage for B2B office supplies. Fast, small‑lot delivery drives high order frequency, customer retention and stickiness among SMEs, supporting recurring revenue and defensive market position over months.
Read all positive factors
ASKUL (2678) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥112.75B
Dividend Yield2.28%
Average Volume (3M)264.76K
Price to Earnings (P/E)―
Beta (1Y)0.50
Revenue Growth-16.82%
EPS Growth-359.32%
CountryJP
Employees3,697
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-247.18
Shares Outstanding89,771,300
10 Day Avg. Volume210,080
30 Day Avg. Volume264,760
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)2.28
Price to Sales (P/S)0.27
P/FCF Ratio-5.72
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥1,000.00Price Target Upside-17.29% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering1
EPS Forecast (FY)45.62
Revenue Forecast (FY)¥480.41B
ASKUL Business Overview & Revenue Model
Company Description
ASKUL Corporation engages in e-commerce business in Japan. The company operates ASKUL, a website for small and medium-sized enterprises, as well as SOLOEL ARENA, a website for mid-tier and larger companies that provides office supplies, living sup...
How the Company Makes Money
ASKUL makes money primarily through the sale of goods via its online channels, earning gross profit as the difference between its procurement cost and the selling price to customers. Key revenue streams include (1) B2B sales to small and medium-si...
ASKUL Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
42
Neutral
Cash Flow
28
Negative
| Breakdown | May 2025 | May 2024 | May 2023 | May 2022 | May 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 400.20B | 481.10B | 471.68B | 446.71B | 428.52B |
| Gross Profit | 77.19B | 117.54B | 117.50B | 107.04B | 105.07B |
| EBITDA | -4.82B | 25.19B | 27.60B | 21.80B | 21.00B |
| Net Income | -22.15B | 9.07B | 19.14B | 9.79B | 9.21B |
Balance Sheet | |||||
| Total Assets | 229.91B | 227.78B | 243.06B | 227.51B | 188.33B |
| Cash, Cash Equivalents and Short-Term Investments | 49.33B | 48.42B | 61.74B | 66.22B | 58.79B |
| Total Debt | 70.35B | 36.24B | 36.14B | 40.79B | 25.20B |
| Total Liabilities | 178.45B | 146.52B | 161.72B | 160.63B | 131.06B |
| Stockholders Equity | 47.80B | 77.79B | 78.26B | 64.15B | 56.76B |
Cash Flow | |||||
| Free Cash Flow | -19.05B | 3.63B | 10.71B | 13.44B | 15.06B |
| Operating Cash Flow | -10.80B | 12.91B | 16.89B | 20.13B | 17.95B |
| Investing Cash Flow | -14.08B | -16.52B | -11.47B | -21.99B | -10.74B |
| Financing Cash Flow | 25.08B | -9.70B | -9.89B | 9.29B | -14.68B |
ASKUL Technical Analysis
Positive
1209.00
Price Trends
1225.92
Positive
1202.54
Positive
1283.54
Negative
Market Momentum
8.18
Positive
56.61
Neutral
44.05
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2678, the sentiment is Positive. The current price of 1209 is below the 20-day moving average (MA) of 1255.65, below the 50-day MA of 1225.92, and below the 200-day MA of 1283.54, indicating a neutral trend. The MACD of 8.18 indicates Positive momentum. The RSI at 56.61 is Neutral, neither overbought nor oversold. The STOCH value of 44.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | ¥915.81B | 25.90 | 29.05% | 1.82% | 18.76% | 22.07% | |
63 Neutral | ¥294.78B | 13.34 | 12.70% | 2.50% | 6.75% | 19.91% | |
63 Neutral | ¥1.70T | 18.97 | 9.34% | 1.26% | ― | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | ¥577.97B | 28.70 | 2.32% | 2.31% | 6.56% | -37.24% | |
56 Neutral | ¥1.66T | -25.73 | -14.02% | ― | 10.86% | 69.63% | |
45 Neutral | ¥112.75B | -5.14 | -37.44% | 2.67% | -16.82% | -359.32% |
* 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.