Overview
Retail Trade

ASKUL Corporation

ASKUL Corporation operates a comprehensive e-commerce business in Japan, offering next-day (and same-day) delivery of office supplies, OA/PC products, food and beverages, pharmaceuticals, cosmetics, MRO materials, and pet supplies to both business (B2B) and consumer (B2C) customers. The B2B ASKUL business serves small and medium-sized offices through a unique agent-based sales model, while the B2C LOHACO platform targets general consumers in partnership with LINEYahoo. The company also leverages its logistics expertise through a third-party logistics (3PL) business operated via its subsidiary ASKUL LOGIST Co., Ltd.

Market Cap
¥108B
US$686M
EV
¥135B
US$861M
Stock¥1,201▲+0.50%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
NM
LTM PBR
2.3
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-38.8%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
108BUS$686MMarket Cap69.2BUS$441M+ Debt44.9BUS$286M− Cash0.49BUS$3.11M− Inv. Sec.3.65BUS$23.3M+ NCI135BUS$861MEV
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Performance & Balance
Revenue 5Y (¥B)
429US$2.73B'22/5447US$2.85B'23/5472US$3.01B'24/5481US$3.07B'25/5400US$2.55B'26/5
EBITDA 5Y (¥B)
18.0US$115M'22/518.6US$119M'23/521.5US$137M'24/518.8US$120M'25/5-10.8-US$69.2M'26/5
Net Income 5Y (¥B)
9.21US$58.7M'22/59.79US$62.4M'23/519.1US$122M'24/59.07US$57.8M'25/5-22.2-US$141M'26/5
Capital Structure
40%
60%
EquityD/E 1.48xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
58.9US$376M25.2US$161M'22/566.4US$423M40.8US$260M'23/561.9US$395M36.1US$230M'24/548.5US$309M36.2US$231M'25/549.8US$318M70.4US$449M'26/5
Shareholders
Top 10 hold 70.3%
1
LY Corporation
46.89%
2
PLUS Corporation
11.54%
3
The Master Trust Bank of Japan, Ltd. (Trust Account)
4.26%
4
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
1.40%
5
Shoichiro IWATA
1.40%
6
Hidehisa IMAIZUMI
1.38%
7
Tadahisa IMAIZUMI
1.38%
8
STATE STREET BANK AND TRUST COMPANY 505044 (Standing Proxy: Mizuho Bank, Ltd.)
0.72%
9
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC; Standing Proxy: MUFG Bank, Ltd.)
0.66%
10
UBS AG LONDON A/C IPB SEGREGATED CLIENT ACCOUNT (Standing Proxy: Citibank, N.A., Tokyo Branch)
0.63%
Management
10 officers
Takeshi NARIMATSU
Representative Director, President and CEO
Mar 2007 Joined the Company May 2022 Executive Officer, General Manager, LOHACO Business Division of the Company Mar 2023 Executive Officer, General Manager, Logistics Division of the Company May 2025 Executive Officer, General Manager, Business Strategy Division of the Company Aug 2026 Representative Director, President and CEO of the Company (Note 4) (current)
1979-02-14
Tsugihiro TAMAI
Director, CFO
Nov 2007 Joined the Company Jul 2012 General Manager, Finance and Public Relations Division of the Company Sep 2012 Executive Officer, General Manager, Finance and Public Relations Division of the Company Mar 2014 Director, Alpha Purchase Co., Ltd. (current) Aug 2015 Director, Tsumagoi Meisui Co., Ltd. (current) Feb 2016 CFO of the Company (Note 5); Executive Officer, General Manager, Management Planning Division and General Manager, Finance and Public Relations Division May 2018 CFO of the Company; Executive Officer, General Manager, Corporate Division Aug 2020 Director, CFO (Risk, Accounting and Finance, Information Disclosure) of the Company; Executive Officer, General Manager, Corporate Division Feb 2021 Director, Charm Co., Ltd. (current) May 2021 Director, CFO (Risk, Accounting and Finance, Information Disclosure; Management and Quality KPIs) of the Company; General Manager, Corporate Division Feb 2023 Director, AP67 Co., Ltd. (current) Feb 2023 Director, Dental Holdings Co., Ltd. (current) May 2023 Director, CFO (Risk, Accounting and Finance, Information Disclosure; Management and Quality KPIs) of the Company; Executive Officer, General Manager, Corporate Division May 2026 Director, CFO (Risk, Accounting and Finance, Information Disclosure; Management and Quality KPIs) of the Company (current)
1967-06-26
Shinichi HOKARI
Director, CTO
Aug 2003 Joined Yahoo Japan Corporation (currently LINE Yahoo Corporation) Apr 2013 General Manager, Development Department, Shopping Business Division, Consumer Business Company, LINE Yahoo Corporation Jan 2017 General Manager, Production Division 2, Shopping Company, LINE Yahoo Corporation Apr 2018 VPoE (Note 6), Shopping Company, LINE Yahoo Corporation Apr 2019 Unit Manager, Shopping Division, Commerce Company; General Manager, Marketing Division, LINE Yahoo Corporation Apr 2022 Joined the Company on secondment Aug 2022 Director of the Company May 2023 Director, CTO of the Company (Note 7); Executive Officer, General Manager, EC Product Division May 2025 Director, CTO of the Company; Executive Officer, General Manager, Product and Marketing Division Mar 2026 Director, CTO of the Company; Executive Officer, General Manager, AI and Technology Division (current)
1978-03-24
Rina AKIMOTO
Director
Apr 2013 Joined DeNA Co., Ltd. Nov 2016 Founded Vivid Garden Co., Ltd.; Representative Director, President (current) Jan 2023 Expert Member, Committee of Academic Experts on Geographical Indication Registration, Ministry of Agriculture, Forestry and Fisheries (current) Oct 2023 Expert Member, Working Group on Regional Industry Revitalization (Agriculture, Forestry and Fisheries), Regulatory Reform Promotion Council, Cabinet Office (current) Oct 2023 Member, Fukuoka City Agriculture and Forestry Promotion Council (current) Dec 2023 Outside Member, Management Advisory Board, Kewpie Corporation (current) Aug 2024 Outside Director of the Company (current) Dec 2024 Member, Program Review Committee, BS-TBS (current) Oct 2025 Member, Food, Agriculture and Rural Policy Council (Planning Subcommittee, Livestock Subcommittee, Global Environment Subcommittee), Ministry of Agriculture, Forestry and Fisheries (current)
1991-01-21
Shinya ISHIZAKA
Director
Apr 1990 Joined Mitsubishi Corporation May 2000 Founded Golf Digest Online Inc.; Representative Director, President (current) Jun 2012 Representative Director, President, Insight Co., Ltd. Aug 2013 Director, Venture Republic Co., Ltd. Sep 2014 Representative Director, President, GDO Golf Tec Inc. (now Golf Digest Online Inc.) Apr 2015 Director, Insight Co., Ltd. May 2015 Director, Bell System 24 Holdings Co., Ltd. (former) Sep 2015 Outside Director, Bell System 24 Holdings Co., Ltd. Apr 2016 Director, GolfTEC Enterprises, LLC (U.S.) Nov 2016 Representative Director, President, Kids Golf Co., Ltd. (now Golf Digest Online Inc.) Apr 2017 Representative Director, President, GDO Sports, Inc. (U.S.) (current) Nov 2017 Representative Director, Japan Speed Golf Association (current) Jul 2018 Chairman of the Board, GolfTEC Enterprises, LLC (U.S.) (current) Mar 2021 Director, GDO Golf Tec Inc. (now Golf Digest Online Inc.) Aug 2025 Outside Director of the Company (current)
1966-12-10
Kazuo TSUKAHARA
Director, Audit and Supervisory Committee Member
Apr 1974 Joined Ishikawajima-Harima Heavy Industries Co., Ltd. (currently IHI Corporation) Apr 2008 Director, Managing Executive Officer, General Manager, Corporate Planning Division, IHI Corporation Apr 2009 Director in charge of corporate planning, public relations and IR, and human resources matters, IHI Corporation Apr 2012 Representative Director, Executive Vice President, Assistant to the President, IHI Corporation; in charge of procurement, internal audit, project management and human resources matters Feb 2015 Outside Director, Fujikoshi Ltd. Mar 2017 Outside Director, DIC Corporation Mar 2020 Outside Director of the Company Aug 2025 Outside Director (Audit and Supervisory Committee Member) of the Company (current)
1950-04-17
Makoto HIDE
Director
Mar 2002 Joined Yahoo Japan Corporation (currently LINE Yahoo Corporation) Apr 2018 Executive Officer, Commerce Company Business Promotion Office Head, Yahoo Japan Corporation Mar 2021 Director, ICHIKYU Corporation Apr 2022 Senior Managing Executive Officer, CEO Business Promotion Office, General Manager of Business Promotion Office and Commerce Group Leader, Yahoo Japan Corporation Aug 2023 Chairman and Director, ICHIKYU Corporation (current) Oct 2023 Senior Executive Officer, Commerce Domain Lead, LINE Yahoo Corporation (current) Jun 2024 Director, ZOZO, Inc. (current) Aug 2025 Outside Director of the Company (current) Sep 2025 Director, BEENOS Inc. (current)
1979-01-23
Yoshitaka ASAEDA
Director, Audit and Supervisory Committee Member
Sep 1978 Joined Shinko Audit Corporation Oct 1985 Joined Price Waterhouse LLP, U.S. (currently PricewaterhouseCoopers LLP) Jul 1994 Partner, Price Waterhouse LLP Jun 1996 Joined Tohmatsu & Co. (currently Deloitte Touche Tohmatsu LLC) Jun 1997 Representative Partner, Tohmatsu & Co. Jul 2013 EMEA Regional Leader, Japanese Services Group, Deloitte Touche Tohmatsu Jun 2017 Opened Yoshitaka Asaeda CPA Office; Director (current) Jun 2017 Outside Director, SBI Holdings, Inc. Nov 2019 Outside Audit and Supervisory Board Member, WingArc1st Inc. (current) Dec 2019 Outside Director, Shimane Bank, Ltd. (current) Aug 2020 Outside Audit and Supervisory Board Member of the Company Aug 2023 Part-time Audit and Supervisory Board Member, SBI Regional Bank Holdings, Inc. Aug 2025 Outside Director (Audit and Supervisory Committee Member) of the Company (current)
1956-01-17
Miyuki NAKAGAWA
Director, Audit and Supervisory Committee Member
Apr 1990 Prosecutor, Tokyo District Public Prosecutors Office Apr 2008 Counselor, Judicial System Department, Minister's Secretariat, Ministry of Justice Jan 2011 Counselor, Office of the Deputy Chief Cabinet Secretary, Cabinet Secretariat Apr 2013 Prosecutor, Tokyo High Public Prosecutors Office Aug 2013 General Affairs Division Head, Saitama District Public Prosecutors Office Apr 2015 Specially Appointed Professor, Chuo University Law School Apr 2019 Professor, Chuo University Law School (current) Apr 2019 Registered as attorney-at-law May 2019 Head, Kosui Law Office (current) Jun 2019 Outside Director, Nitto Kogyo Corporation (current) Jun 2021 Outside Director, Nissan Chemical Corporation (current) Jun 2021 Outside Audit and Supervisory Board Member, FANCL Corporation Jun 2022 Outside Audit and Supervisory Board Member, SBI Shinsei Bank, Ltd. (current) Aug 2022 Outside Audit and Supervisory Board Member of the Company Aug 2025 Outside Director (Audit and Supervisory Committee Member) of the Company (current)
1964-11-22
Masaya TOCHIO
Director, Audit and Supervisory Committee Member
Apr 1983 Joined Ajinomoto Co., Inc. Feb 2002 President, Thai Ajinomoto Frozen Foods Co., Ltd. Apr 2005 General Manager, Corporate Planning Department, Ajinomoto Frozen Foods Co., Ltd. Jul 2007 General Manager, Overseas Foods Department, Food Company, Ajinomoto Co., Inc. Jun 2011 Executive Officer, General Manager, Corporate Planning Department, Ajinomoto Co., Inc. Jun 2013 Director, Managing Executive Officer, Ajinomoto Co., Inc. Jun 2017 Director, Senior Managing Executive Officer, Ajinomoto Co., Inc. Apr 2018 General Manager, Global Corporate Division and General Manager, Corporate Services Division, Ajinomoto Co., Inc. Jun 2019 Representative Director, General Manager, Global Corporate Division, Ajinomoto Co., Inc. Jun 2021 Director, Full-time Audit Committee Member, Ajinomoto Co., Inc. Apr 2024 Independent Non-Executive Director, Tingyi (Cayman Islands) Holding Corp. (current) Jun 2024 Auditor, Norinchukin Bank (current) Aug 2026 Outside Director (Audit and Supervisory Committee Member) of the Company (current)
1959-08-08
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-09-15
Q1 Earnings Flash
FY ending May 2027
EDINET
2026-07-30
Annual Securities Report
Period: May 2025 – May 2026
TDnet
2026-07-03
Full-Year Earnings Flash
FY ending May 2026
TDnet
2026-03-27
Q3 Earnings Flash
FY ending May 2026
EDINET
2026-02-04
Semi-Annual Securities Report
Period: May 2025 – May 2026
TDnet
2025-09-16
Q1 Earnings Flash
FY ending May 2026
EDINET
2025-07-30
Annual Securities Report
Period: May 2024 – May 2025
TDnet
2025-03-18
Q3 Earnings Flash
FY ending May 2025
EDINET
2024-12-27
Semi-Annual Securities Report
Period: May 2024 – May 2025
TDnet
2024-09-13
Q1 Earnings Flash
FY ending May 2025
EDINET
2024-07-30
Annual Securities Report
Period: May 2023 – May 2024
EDINET
2024-03-29
Quarterly Securities Report
Period: Nov 2023 – Feb 2024
EDINETAmended
2023-12-28
Amended Annual Securities Report
Period: May 2022 – May 2023
EDINET
2023-12-28
Quarterly Securities Report
Period: Aug 2023 – Nov 2023
EDINET
2023-09-28
Quarterly Securities Report
Period: May 2023 – Aug 2023
EDINET
2023-08-02
Annual Securities Report
Period: May 2022 – May 2023
EDINET
2023-03-24
Quarterly Securities Report
Period: Nov 2022 – Feb 2023
EDINET
2022-12-28
Quarterly Securities Report
EDINET
2022-10-04
Quarterly Securities Report
EDINET
2022-07-29
Annual Securities Report
EDINET
2022-03-25
Quarterly Securities Report
EDINET
2021-12-28
Quarterly Securities Report
EDINETAmended
2021-12-28
Amended Quarterly Securities Report
EDINET
2021-09-28
Quarterly Securities Report
EDINET
2021-07-30
Annual Securities Report
EDINET
2021-03-26
Quarterly Securities Report
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