ASKUL Corporation
2678・Prime Market・Retail Trade
Other (Tsumagoi Meisui)
A small-scale manufacturing segment centered on Tsumagoi Meisui
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (FY2026, ending May 2026, full year) | ¥840 million | ¥659 million (external customer sales excluding inter-segment internal sales) / ¥2,030 million total (including internal sales) | ↓ |
| Operating income (FY2026, ending May 2026, full year) | ¥10 million | ¥99 million | ↓ |
| Segment assets (end of FY2026, ending May 2026) | ¥2,075 million | ¥2,250 million | ↓ |
| Depreciation and amortization (FY2026, ending May 2026, full year) | ¥250 million | ¥251 million | — |
| Net sales YoY change | -2.4% | – | ↓ |
| Operating income YoY change | -89.0% | – | ↓ |
Business Details
A manufacturing business led by Tsumagoi Meisui Co., Ltd. that manufactures and sells natural water and other beverages. It operates a manufacturing business model distinct from the ASKUL Group's e-commerce and logistics businesses. It is classified under the "Other" category, which is not included in the group's reportable segments, and accounts for a minor share of consolidated net sales (FY2026, ending May 2026: ¥840 million, approximately 0.2% of consolidated net sales of ¥400,199 million). It is a group synergy-type business that utilizes the ASKUL website as its primary sales channel.
Recent Overview
Beverage sales declined due to the website outage caused by the ransomware attack, resulting in lower revenue and profit
In FY2026 (ending May 2026), beverage sales themselves had been trending steadily, partly due to the effects of the heat wave, but the temporary suspension of the ASKUL website caused by the ransomware attack that occurred on October 19, 2025 led to a decline in beverage sales via the website. As a result, net sales decreased 2.4% year on year, and operating income fell 89.0% year on year to ¥10 million, resulting in a significant decline in both revenue and profit. Segment assets also decreased from ¥2,250 million to ¥2,075 million.
Key Products
Growth Drivers
- Expanding the product lineup through new product launches and capturing beverage demand (seasonal demand such as heat waves)
- Improving profit margins through continued productivity improvement measures
- Re-expanding group synergies by leveraging the sales channel as the ASKUL website normalizes and the customer base recovers
Risks
- Dependence on the ASKUL website: a structure in which sales are directly affected when the website is down (demonstrated in FY2026, ending May 2026, with operating income declining 89.0% YoY)
- Segment size is minor (approximately 0.2% of consolidated net sales), limiting its contribution to the group overall
- Risk of rising raw material and energy costs specific to the manufacturing business
- Risk of demand fluctuation due to weather and seasonal factors (such as heat waves)
Last updated: July 30, 2025