3 stories mentioning TYO:2678Updated 23d ago
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Askul (TYO:2678) has an average rating of underweight and mean price target of 1,165.71 yen, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Furniture company Askul (TYO:2678) said June net sales fell 14% year-on-year on a non-consolidated basis, with its core Askul business down 15%.The number of customers dropped 7.7% on year, while average sales per customer declined by 7.5% during the month under review, according to a Monday filing on the Tokyo Stock Exchange.The company's year-on-year non-consolidated net sales for the Lohaco business fell 4.6%.
Disruptions to oil flows through the Strait of Hormuz are rippling through Japan's healthcare supply chain, constraining access to plastic-based items such as gloves and dialysis tubing and underscoring heavy import dependence, Nikkei reported Friday.Smaller clinics are seeing tighter availability, with some turning to online channels where buying limits have emerged, including at Askul (TYO:2678). The Ministry of Health, Labour and Welfare has received thousands of requests for assistance and plans to release stockpiled gloves, according to the report.Japan relies on imports for over 99% of medical gloves, with production concentrated in Southeast Asia, particularly Malaysia, while naphtha-based plastics remain central to most medical equipment, the report said.Supply remains adequate for now, but costs are rising and suppliers are signaling increases, while hospitals flag a weakening outlook. The government is preparing financial support to help Southeast Asia secure energy supplies and stabilize flows of critical materials, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
