Askul revises earnings forecast downward, announces share buyback and cancellation

Askul Corporation (TSE:2678) announced a downward revision of its full-year consolidated earnings forecast for the fiscal year ending May 20, 2025. The company now anticipates net sales of ¥480 billion, down from the previous forecast of ¥500 billion, with corresponding reductions in operating profit, ordinary profit, and profit attributable to owners of the parent. This revision reflects lower-than-anticipated sales, despite ongoing efforts to enhance sales through digital transformation, product expansion, and original product development.