AS ONE Corporation Reports Strong First Half Results

AS ONE Corporation ( (IUSDF) ) has released its Q2 earnings. Here is a breakdown of the information AS ONE Corporation presented to its investors.

AS ONE Corporation, a Tokyo-listed company with a focus on wholesale distribution of equipment and supplies for scientific, industrial, and medical sectors, has reported its financial performance for the first half of the fiscal year ending September 30, 2024.

In the six months ending September 30, 2024, AS ONE Corporation achieved a consolidated net sales of 48,626 million yen, marking a 10.2% increase from the previous year. The company’s operating profit rose by 5.9% to 5,268 million yen, while ordinary profit increased by 8% to 5,579 million yen. Profit attributable to owners of the parent company was 3,822 million yen, up by 7.7% year-on-year, reflecting a positive net income performance.

Noteworthy strategic measures include the expansion of the product database to over 11.5 million SKUs and an increase in the number of subscribers to their Consolidated Purchasing System. The Research and Industrial Instruments Division, the largest segment, recorded a substantial 11.4% growth in sales, driven by strong performances in both scientific and industrial sectors. Meanwhile, the Medical Instruments Division also saw sales rise by 5.1%.

Looking ahead, AS ONE Corporation maintains its optimistic outlook for the full fiscal year ending March 31, 2025, with projected net sales of 101,230 million yen, an operating profit of 11,030 million yen, and a continued focus on strengthening its digital and international business strategies.