Director, Pearl Hill Advisors

Nicholas Tanner

Director

Pearl Hill Advisors

Equity Bottom-Up

<p>Last year's figures to 5/17 were impacted by costs associated with the February fire at its new (opened 2012) Saitama distribution centre. The fire lasted 2 weeks and destroyed two thirds of the facility as well as significant inventory. It was one of the few facilities that the company actually owns.</p><p>This year to 5/17 the impact will still be felt. Although sales are forecast to grow 9% to Y365bn, operating profit is forecast to fall 60% to Y3.5bn. Disruption costs and costs associated with…</p>

Last year's figures to 5/17 were impacted by costs associated with the February fire at its new (opened 2012) Saitama distribution centre. The fire lasted 2 weeks and destroyed two thirds of the facility as well as significant inventory. It was one of the few facilities that the company actually owns.This year to 5/17 the impact will still be felt. Although sales are forecast to grow 9% to Y365bn, operating profit is forecast to fall 60% to Y3.5bn. Disruption costs and costs associated with…

Askul (2678) Valuation Now Fully Reflects Earnings Growth.

Askul Corp

Askul (2678) Valuation Now Fully Reflects Earnings Growth.