Askul Writes Down ¥4.82bn as Yen Weakness Stalls Its 2023 AP67 Acquisition
A weaker yen and slow-to-arrive integration synergies force Askul to erase most of the goodwill it booked buying office-supply group AP67 back in 2023.
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ASKUL Corporation
Latest Tokyo Brief coverage on ASKUL Corporation, tracking filings, financial news, and market signals from Japan.
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TSE:2678
Askul targets return to profit after ransomware drove ¥22.2bn annual loss
The number: a ¥22.2bn net loss after last October’s ransomware attack knocked out ordering systems, dragged sales to ¥400.2bn and cut the annual dividend to ¥10. Management is guiding for sales to recover to ¥490bn and profit to return, but says margins will still be rebuilding.