AS ONE CORPORATION (7476) Stock Price

Azwan operates primarily as a wholesale distributor of equipment, supplies, and consumables. Specifically, the company is a specialized trading company that handles scientific instruments and equipment used in research laboratories and medical facilities. The company also provides web-based procurement outsourcing services, though this business line is not material and detailed segment information is omitted.

Azwan's operations are divided into two main segments: the Lab & Industry Division and the Medical Division. The Lab & Industry Division wholesales scientific equipment and supplies to scientific equipment retailers for use by researchers and engineers. Product information is provided through printed catalogs and websites, and products are sold to end users through these retailers.

The Medical Division wholesales medical and care-related equipment and supplies to healthcare and nursing care retailers for use by nursing and care professionals. Like the Lab & Industry Division, it employs catalog-based sales. This approach enables efficient product delivery.

As an additional business, Triumph 21, a consolidated subsidiary, provides web-based procurement outsourcing services. This service generates revenue by charging system usage fees to end users who participate in the platform.

Azwan outsources the operation of its distribution warehouses to Inai Logistics Co., Ltd., a consolidated subsidiary. This arrangement enhances logistics efficiency in both the Lab & Industry Division and Medical Division, enabling rapid product delivery.

AS ONE is guided by the management philosophy of "Innovation and Creation," aiming to accelerate outcomes in the research, industrial, and medical sectors. The company expands its business by pursuing customer satisfaction and strengthens profitability and corporate value through operational efficiency improvements. In particular, to meet diverse customer needs, AS ONE prioritizes building a one-stop platform that offers a wide product range, rapid delivery, and support services.

AS ONE's medium-term management plan, beginning in fiscal 2025, addresses three challenges in research and development—lack of funding, time constraints, and waste—and establishes the long-term vision "AS ONE VISION-2035" toward 2030. This vision targets sustained and non-linear growth, with a goal to expand consolidated net sales from 200 billion yen to 300 billion yen. The company also sets ROE at 17.0% or higher, pursuing growth while maintaining financial soundness.

Key strategic initiatives include e-commerce evolution, supply chain value maximization, and business expansion. In e-commerce, AS ONE is strengthening product databases and improving inventory management efficiency, with plans to deploy in-hospital inventory management systems for medical institutions. The company is also enhancing logistics capabilities by considering new regional satellite centers and distribution hubs to optimize the entire supply chain.

AS ONE is also expanding service offerings, including equipment rental and calibration services for research instruments. This builds a one-stop platform spanning physical products to services, enhancing customer convenience. The company is also developing private brand products to increase sales of original merchandise.

From a sustainability perspective, AS ONE is creating an environment where diverse talent can thrive, promoting health management and diversity initiatives. In response to climate change, the company is advancing optimized delivery and contributing to decarbonization. Through these efforts, AS ONE aims to realize a sustainable society and enhance corporate value.