Disclaimer

This is an English translation of the captioned release. This document has been prepared and provided solely for the purpose of the reader's convenience. All readers are recommended to refer to the original Japanese release for complete information. In the event of any discrepancy

between this English translation and the original Japanese release, the original Japanese document shall prevail in all respects.

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March 1, 2022

To whom it may concern:

Company Name:

ASKUL Corporation

(Code No.: 2678, Tokyo Stock Exchange First Section)

Representative:

Akira Yoshioka

President and Chief Executive Officer

Contact Person:

Tsuguhiro Tamai

Director and Chief Financial Officer

Phone: +81-3-4330-5130

February 2022 Operating Results

The Company released data today on results for February 2022. For details on non-consolidated net sales, and year-on-year growth on sales per customer and the number of customers of the B-to-B business, see the Supplementary Information.

Net sales

Non-consolidated net sales for February (from January 21, 2022 to February 20, 2022) increased 3.9% year-on- year. Non-consolidated net sales of the mainstay B-to-B business increased 3.6%. Compared to February 2021, the number of business days was one less on weekdays, the growth rate after the adjustment is estimated to be 8.2% year-on-year. In addition to signs of a recovery in demand for office supplies, sales were strong due to special demand such as increased sales of testing kits and other items in response to the wide spread of Omicron-variant and rush demand before the price revision of copy paper.

Non-consolidated net sales of LOHACO increased 6.2%.

(Reference) B-to-B business: Business days in February

FY ending/ended May 20

Monday

Tuesday

Wednesday

Thursday

Friday

Saturday

Total

2022

4

4

4

4

4

5

25

2021

4

4

4

4

5

5

26

Difference

0

0

0

0

-1

0

-1

Notes:

  1. The January 2022 operating results contained some errors in the figures for the non-consolidated net sales and LOHACO. The restated figures are underlined.
  2. Effective from the current fiscal year, the Company has adopted the "Accounting Standard for Revenue Recognition", etc.
  3. Domestic sales of LOHACO are listed separately from July of this fiscal year. Accordingly, the figures for June of the current fiscal year and the previous fiscal year are described retroactively.
  4. The total distribution of B-to-C business is not described due to closing of LOHACO Market Place in the previous fiscal year. (The total distribution of B-to-C business is calculated by adding net sales of Charm Co., Ltd. and transactions via LOHACO Market Place (excluding the Charm Co., Ltd. portion) to net sales of LOHACO.
  5. Sales per customer is average monthly purchase amount for customers who purchased in each month.
  6. The total of non-consolidated net sales includes net sales of the Logistics business.
  7. For monthly operating results, accounts are settled as of the 20th of each month on a provisional basis.
  8. For the schedule of the release of our monthly operating results, please see the following page of our Investor Relations website:https://www.askul.co.jp/kaisya/english/ir/calendar.html
  9. The operating results disclosed herein have not been audited by certified public accountants or auditing firms. Therefore, figures may differ from those in our quarterly and full-year financial statements.

1

Disclaimer

This is an English translation of the captioned release. This document has been prepared and provided solely for the purpose of the reader's convenience. All readers are recommended to refer to the original Japanese release for complete information. In the event of any discrepancy

between this English translation and the original Japanese release, the original Japanese document shall prevail in all respects.

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(1) Non-consolidated net sales

(¥million)

FY ending/ ended May 20

June

July

Aug.

Sept.

Oct.

Nov.

1st half

2022

30,114

30,819

28,256

30,788

31,081

31,185

182,244

Total

2021

29,714

29,440

28,346

31,086

29,469

32,482

180,539

YoY change (%)

1.3

4.7

-0.3

-1.0

5.5

-4.0

0.9

2022

26,012

26,937

23,594

25,537

26,721

26,812

155,616

B-to-B

2021

25,171

25,245

24,147

26,465

25,667

28,169

154,866

YoY change (%)

3.3

6.7

-3.5

4.1

-4.8

0.5

business

YoY change adjusting for

-2.3

Business Days

(YoY change)

the number of business

7.8

2.2

0.8

-0.4

-2.5

Weekdays -1

days (%)

Saturdays +1

2022

4,092

3,874

4,651

5,239

4,351

4,361

26,571

2022

3,926

3,591

4,409

4,760

3,924

3,910

24,523

(Domestic)

LOHACO

2021

4,540

4,187

4,201

4,614

3,799

4,308

25,651

2021

business

4,086

3,892

4,019

4,180

3,647

4,120

23,946

(Domestic)

YoY change (%)

-9.9

-7.5

10.7

13.5

14.5

1.2

3.6

YOY change (%)

(Domestic)

-3.9

-7.7

9.7

13.9

7.6

-5.1

2.4

FY ending/ ended May 20

Dec.

Jan.

Feb.

Mar.

Apr.

May

2nd half

Full year

2022

32,337

28,033

33,097

Total

2021

32,020

28,590

31,843

31,203

35,506

28,483

187,648

368,188

YoY change (%)

1.0

-1.9

3.9

2022

27,170

24,037

28,548

B-to-B

2021

27,313

24,375

27,566

26,857

30,128

24,159

160,401

315,268

YoY change (%)

-0.5

-1.4

3.6

business

YoY change adjusting for

the number of business

-3.0

-3.3

8.2

days (%)

2022

5,156

3,986

4,536

2022

4,670

3,801

4,174

(Domestic)

LOHACO

2021

4,703

4,209

4,270

4,339

5,367

4,317

27,207

52,858

2021

business

4,573

4,062

4,069

4,262

5,069

3,923

25,961

49,908

(Domestic)

YoY change (%)

9.6

-5.3

6.2

YOY change (%)

(Domestic)

2.1

-6.4

2.6

(2) Growth on sales per customer

(non-consolidatedB-to-B business; YoY change %)

FY ending / ended May 20

June

July

Aug.

Sept.

Oct.

Nov.

1st half

2022

8.2

9.4

2.2

0.0

3.1

-3.9

3.1

2021

-11.1

-2.8

-0.8

-7.9

0.5

4.2

-3.3

FY ending/ ended May 20

Dec.

Jan.

Feb.

Mar.

Apr.

May

2nd half

Full year

2022

-1.8

-2.5

2.2

2021

-0.9

14.0

-1.1

2.4

11.2

17.9

6.2

1.4

2

Disclaimer

This is an English translation of the captioned release. This document has been prepared and provided solely for the purpose of the reader's convenience. All readers are recommended to refer to the original Japanese release for complete information. In the event of any discrepancy

between this English translation and the original Japanese release, the original Japanese document shall prevail in all respects.

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

(3) Growth on the number of customers

(non-consolidatedB-to-B business; YoY change %)

FY ending / ended May 20

June

July

Aug.

Sept.

Oct.

Nov.

1st half

2022

-4.5

-2.5

-4.4

-3.5

1.0

-1.0

-2.5

2021

5.7

8.3

8.6

2.8

6.2

5.6

6.1

FY ending / ended May 20

Dec.

Jan.

Feb.

Mar.

Apr.

May

2nd half

Full year

2022

1.3

1.2

1.4

2021

2.0

7.4

-1.4

-2.4

-3.5

5.0

1.0

3.5

3

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ASKUL Corporation published this content on 01 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 March 2022 06:27:06 UTC.