Askul Reports Impairment Losses Amid Rising Procurement Costs

TOKYO, Jul 03 (Pulse News Wire) – ASKUL Corporation (2678.T) reported impairment losses totaling ¥4.823 billion in its consolidated financial statements for the fourth quarter ending May 20, 2026. The losses stem from the acquisition of AP67, which operates dental e-commerce services through FEED Dental, completed in February 2023.

Rising procurement costs due to the weakening yen and slower customer base expansion led to a reassessment of growth plans. As a result, the company recognized impairment losses on goodwill and customer-related assets in its consolidated results.

Additionally, individual financial statements reflect an equity method investment loss of ¥4.825 billion related to the same transaction. The impact on ASKUL's consolidated performance is detailed in the interim earnings announcement released earlier today.

Looking ahead, the company aims to maximize synergies through cost reduction via integrated procurement functions, efficiency improvements leveraging ASKUL’s logistics infrastructure, and streamlining overlapping operations to enhance profitability.