AS ONE (7476) Corporate presentation summary

Corporate overview

• Headquartered in Osaka, established in 1933, with 758 employees and listed on the TSE Prime Market.

• Major business is sales of research instruments, nursing, and caring goods for medical institutions.

• FY ended March 2026: net sales ¥110.6B, total assets ¥102.4B, net assets ¥71.1B, equity ratio 69.4%.

Business model and market

• Provides over 14 million products, including scientific equipment, consumables, and medical supplies, via distributors.

• Efficient supply system with 5,500 suppliers and 4,100 distributors, leveraging large-scale logistics centers and a rapid delivery network.

• Main sales segments: scientific (63%), industrial (21%), hospital/nursing care (15%).

• Addresses market needs for cost, time, and equipment utilization with unique products, rentals, and services.

• Japan’s R&D expenditure is approx. ¥24T, with a research product sales market of ¥300B.

Key strengths

• Extensive product assortment (14 million items) and strong original/private brand product development (34% sales share).

• Industry’s largest product database (SHARE-DB) with real-time inventory visibility.

• Diverse promotional media, including catalogs and EC tools, with EC net sales CAGR of 18.6% (2020–2026).

• Advanced logistics with five nationwide centers, achieving 95% same-day shipment for catalog items.