Latest Tokyo Brief coverage on ASKUL Corporation, tracking filings, financial news, and market signals from Japan.
TSE:2678
ASKUL's quarterly sales fell 8.2% and operating profit turned into a ¥418 million loss as the company keeps rebuilding from an October 2025 ransomware attack, yet it has not touched its full-year forecast of ¥7 billion in operating profit, a target that now depends on a sharp turnaround over the next three quarters.
GLP J-REIT is raising its August distribution forecast by 9.5% after a ¥4.4bn gain on selling its GLP Tokai warehouse beat the figure already baked into guidance, and management now wants to lift its recurring excess-profit payout target to 40% of depreciation.
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.
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.