Askul says that its sales for the period May 21, 2011 - November 20, 2011 exceeded 100 billion yen (€97 million) for the first time, just short of its previously announced target due to the economic climate.
However, consolidated operating income and current income for the B2B major surpassed forecasts by about 1.2 billion yen due to better-than-anticipated gross profit margin and delivery efficiency after the restoration of earthquake-affected facilities were completed earlier than expected. The company has also carried out cost-saving activities during the period.
Askul posted an Extraordinary Loss following to an Impairment loss on the assets of its subsidiaries ASMARU and Askul (Shanghai) Trading Co.