Summary of Consolidated Financial Results
for the Year Ended February 28, 2015
(Based on Japanese GAAP)
April 8, 2015
Company name:
ABC-MART, INC.
Stock exchange listing: Tokyo
Stock code:
2670
URL http://www.abc-mart.co.jp/ir/
Representative:
President and Representative Director
Minoru Noguchi
Inquiries:
Director, Corporate Planning Office Manager Jo Kojima
TEL 03-3476-5452
Scheduled date of ordinary general meeting of shareholders:
May 27, 2015
Scheduled date to file Securities Report:
May 28, 2015
Scheduled date to commence dividend payments:
May 28, 2015
Preparation of supplementary material on financial results:
Yes
Holding of financial results meeting:Yes(for institutional investors and analysts)(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the year ended February 28, 2015 (from March 1, 2014 to February 28, 2015)(1) Consolidated financial results
Percentages indicate year-on-year changes
Net salesYear ended February 28, 2015
Year ended February 28, 2014
(Note) Comprehensive income:Year ended February 2015

Millions of yen
213,584
188,045

Operating income
%
13.6
18.0

Millions of yen
39,651
34,126

Ordinary income

%
16.2
12.3

Millions of yen
40,40534,814

%
16.1
13.2

Net income
Millions of yen
24,373
19,989

%
21.9
15.6

28,887 million yen (10.8%) Year ended February 2014 26,075 million yen (24.7%)
Diluted net income
Ordinary
Operating
Net income per share
Net income/equity
per share
income/total assets
income/net sales
Yen
Yen
%
%
%
Year ended February 28, 2015
323.71295.49
17.0
18.8
18.6
Year ended February 28, 2014
265.48242.33
16.6
18.8
18.1
(Reference) Equity in earnings of affiliated companies:
Year ended February 2015 - million yen
Year ended February 2014 - million yen(2) Consolidated financial position
Total assets
Net assets
Equity ratio
Net assets per share
As of February 28, 2015
As of February 28, 2014
(Reference) Shareholders’ Equity:
As of February 28, 2015
(3) Consolidated cash flows

Year ended February 28, 2015
Year ended February 28, 2014

Millions of yen
233,661
196,881Millions of yen
155,535
131,919

155,082 million yen
Cash flows fromoperating activities
Millions of yen
29,691
22,997

%
66.4
66.8

As of February 28, 2014
Cash flows frominvesting activities
Millions of yen(9,568)(7,573)

Yen
2,059.68
1,747.10

131,546 million yen
Cash and cash equivalents
Cash flows fromfinancing activities
at end of period
Millions of yen
Millions of yen(3,675)95,807(5,916)78,755

2. Cash dividends
Ratio of
Dividend
Total cash
topayout ratio dividends
dividends (Total) (Consolidated)
net assets(Consolidated)

Annual dividends per share
1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end

Total

Yen

Yen

Yen

Yen

Yen

Millions of yen%%

Year ended February 28, 2014
Year ended February 28, 2015

–
–

25.00
40.00

–
–

30.00
60.00

55.00
100.00

4,141
7,529

20.7
30.9

3.4
5.3

Year ending February 29, 2016 (Forecast)

–

50.00

–

50.00

100.0029.2

3. Forecast of consolidated financial results for the year ending February 29, 2016 (from March 1, 2015 to February 29, 2016)
Percentages indicate year-on-year changes
Net income
Net sales
Operating income
Ordinary income
Net income
per share
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Six months ending
114,700
6.2
23,300(0.7)
23,640(0.7)
14,6703.8
194.84
August 31, 2015
Full year
229,500
7.5
40,7502.8
41,4002.5
25,8105.9
342.791

4. Notes(1) Changes in significant subsidiaries during the year ended February 28, 2015(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:No
Changes in accounting policies due to other reasons:No
Changes in accounting estimates:
No
Restatement of prior period financial statements after error corrections:No(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of February 28, 2015

75,294,429 shares As of February 28, 2014

75,294,429 shares

Number of treasury shares at the end of the period
As of February 28, 2015

208 shares As of February 28, 2014

164 shares

Average number of shares during the period
Year ended February 28, 2015

75,294,263 shares Year ended February 28, 2014

75,294,265 shares(Reference) Summary of Nonconsolidated Financial Statements
1.Nonconsolidated financial results for the year ended February 28, 2015 (from March 1, 2014 to February 28, 2015)(1) Nonconsolidated operating results
Percentages indicate year-on-year changes
Net salesYear ended February 28, 2015
Year ended February 28, 2014

Millions of yen
159,655
145,387

Operating income
%
9.8
10.3

Millions of yen
35,70630,951%
15.4
9.1

Ordinary income
Millions of yen
36,65331,907

%
14.9
10.0

Net income
Millions of yen
22,104
18,105

%
22.1
11.7

Diluted net income
per share
Yen
Yen
293.57267.97240.47219.50Net income per share
Year ended February 28, 2015
Year ended February 28, 2014
(2) Nonconsolidated financial position
Total assets

Net assets

Equity ratio

Net assets per share

Millions of yen
Millions of yen%
Yen
As of February 28, 2015
199,557
131,658
66.0
1,748.58
As of February 28, 2014
172,708
114,833
66.5
1,525.13(Reference) Shareholders’ Equity:
As of February 28, 2015 131,658 million yen
As of February 28, 2014 114,833 million yen
2. Forecast of nonconsolidated financial results for the year ending February 29, 2016 (from March 1, 2015 to February 29, 2016)
Percentages indicate year-on-year changes
Net sales
Ordinary income
Net income
Net income per share
Millions of yen%
Millions of yen%
Millions of yen%
Yen
Six months ending
84,8001.5
21,330(0.5)
13,1354.5
174.45
August 31, 2015
Full year
164,500
3.0
36,7800.3
22,8503.4
303.48NOTICE REGARDING AUDIT PROCEDURES FOR THE CONSOLIDATED FINANCIAL RESULTS
This consolidated financial results statement is exempt from the audit procedures based upon the Financial Instruments and Exchange Act. At this time of
disclosure of this consolidated financial results statements, the audit procedure based upon the Financial Instruments and Exchange Act has not been completed.

FORWARD LOOKING STATEMENTS AND OTHER SPECIAL ITEMSThe forecast for the year ending February 29, 2016 is based on ABC-MART, INC.'s hypotheses, plans and estimates at the date of publication. It is possiblethat some uncertain factors will cause the Company's future performance to differ significantly from the contents of forecast.

2Consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of February 28, 2014

As of February 28, 2015

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade

78,884
6,463

96,493
7,873

Inventories
Deferred tax assets

39,455
1,414

49,367
2,049

Other
Allowance for doubtful accounts

3,355
(30)

4,555
(41)

129,542

160,298

22,758(10,980)

25,395(12,512)

11,77812,883

8,012(4,923)

9,006(5,834)

Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net

3,089

3,171

17,69690

19,629
327

593
(463)

438
(334)

129

103

32,784

36,115Trademark right
Goodwill

2,682
7,195

2,948
7,511

Other

1,770

2,083

Total intangible assets

11,64912,543

125
94

60
102

Long-term loans receivable
Lease and guarantee deposits

2,575
18,9602,458
20,892

Other
Allowance for doubtful accounts

1,150
(1)

1,208
(18)

Total investments and other assets

22,90424,704Land
Construction in progress
Other
Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible assets

Investments and other assets
Investment securities
Shares of subsidiaries and associates

Total non-current assets
Total assets

3

67,33873,363

196,881

233,661(Millions of yen)
As of February 28, 2014

As of February 28, 2015

Liabilities
Current liabilities
Notes and accounts payable - trade

8,551

14,176

Short-term loans payable
Current portion of long-term loans payable

3,278
1,002

6,355
1,000

Income taxes payable
Provision for bonuses

7,113
654

9,815
702

Provision
Asset retirement obligations

234
26

291
14

Notes payable - facilities
Other

778
5,722

722
7,992

Total current liabilities

27,362

41,07033,00033,0001,500

500Provision
Net defined benefit liability

658
–

113
870

Asset retirement obligations
Other

243
2,197

291
2,280

Total non-current liabilities

37,59937,05664,961

78,126

Shareholders' equity
Capital stock

3,482

3,482

Capital surplus
Retained earnings

7,488
112,310

7,488
131,413

Non-current liabilities
Convertible bond-type bonds with subscription rights tosharesLong-term loans payable

Total liabilities
Net assets

Treasury shares

(0)

(0)

123,281

142,384

Valuation difference on available-for-sale securities
Foreign currency translation adjustment

23
8,241

14
12,683

Total accumulated other comprehensive income

8,265

12,697

Total shareholders' equity
Accumulated other comprehensive income

Minority interests
Total net assets
Total liabilities and net assets

4

372

453

131,919

155,535

196,881

233,661

Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income(Millions of yen)
Fiscal year ended
February 28, 2014
Net sales

Fiscal year ended
February 28, 2015

188,045

213,584

Cost of sales

84,317

98,523Gross profit

103,727

115,060

Packing and transportation expenses
Advertising expenses

2,162
7,263

2,435
6,311

Warehousing expenses
Directors' compensations, salaries and allowances

2,044
18,7372,226
20,235

Bonuses
Provision for bonuses

1,139
647

1,561
696

Retirement benefit expenses
Legal and employee benefits expenses

–
2,418

523
2,775

Rents
Depreciation

17,7383,885

19,885
4,019

Utilities expenses
Commission fee

2,050
3,461

2,189
4,144

Taxes and dues
Amortization of goodwill

873
1,023

873
1,161

Other

6,155

6,369

Total selling, general and administrative expenses

69,60175,40834,12639,65179

169

Foreign exchange gains
Rent Income

60
664

–
743

Advertising medium income
Other

62
321

56
303

Total non-operating income

1,189

1,273

53

54

–
347

67
230

Other

99

166

Total non-operating expenses

501

519

34,81440,405

Selling, general and administrative expenses

Operating income
Non-operating income
Interest income

Non-operating expenses
Interest expenses
Foreign exchange losses
Rent expenses

Ordinary income5(Millions of yen)
Fiscal year ended

Fiscal year ended

February 28, 2014

February 28, 2015

Extraordinary income
Gain on sales of non-current assets

04Gain on cancellation of derivatives

1–

Total extraordinary income

2

4

175
1,051

171
–

263
95

253
–

Extraordinary losses
Loss on retirement of non-current assets
Loss on cancellation of derivatives
Impairment loss
Loss on abandonment of goods

1,585

425

Income before income taxes and minority interests

Total extraordinary losses

33,231

39,985

Income taxes - current

13,598

16,100

Income taxes - deferred

(319)

(536)

Total income taxes

13,27815,564

Income before minority interests

19,952

24,421(36)

47

19,98924,373

Minority interests in income (loss)
Net income

6Consolidated statements of comprehensive income(Millions of yen)

Income before minority interests
Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income

Fiscal year ended

Fiscal year ended

February 28, 2014

February 28, 2015

19,952

24,421

9
6,113

(8)
4,474

6,122

4,466

26,07528,887

26,062
12

28,80680

Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to minority interests

7

Consolidated statements of changes in net assets
Fiscal year ended February 28, 2014
(Millions of yen)
Shareholders' equity
Capital stock
Balance at beginning of current
periodCapital surplus

3,482

Retained earnings

7,488

96,311

Total shareholders'equityTreasury shares(0)107,282

Changes of items during period
Dividends of surplus(3,990)(3,990)Net income

19,98919,989Net changes of items otherthan shareholders' equity
Total changes of items during
periodBalance at end of current period––

15,998–15,998

3,482

7,488

112,310(0)

123,281

Accumulated other comprehensive income
Valuation difference on
Foreign currency
available-for-saletranslation adjustment
securities
Balance at beginning of current
period13

2,177

Total accumulated
other comprehensive
income2,191

Minority interests

290

Total net assets

109,764

Changes of items during period
Dividends of surplus(3,990)Net income

19,989Net changes of items otherthan shareholders' equity

9

6,064

6,073

82

6,156

Total changes of items during
period

9

6,064

6,073

82

22,154

Balance at end of current period

23

8,241

8,265

372

131,919

8

Fiscal year ended February 28, 2015
(Millions of yen)
Shareholders' equity
Capital stock
Balance at beginning of current
periodCapital surplus

3,482

Retained earnings

7,488

112,310

Total shareholders'equityTreasury shares(0)123,281

Changes of items during period
Dividends of surplus(5,270)(5,270)Net income

24,37324,373

Net changes of items otherthan shareholders' equity
Total changes of items during
periodBalance at end of current period

(0)

(0)

–

–

19,103(0)

19,102

3,482

7,488

131,413(0)

142,384

Accumulated other comprehensive income
Valuation difference on
Foreign currency
available-for-saletranslation adjustment
securities
Balance at beginning of current
period23

8,241

Total accumulated
other comprehensive
income8,265

Minority interests

372

Total net assets

131,919

Changes of items during period
Dividends of surplus(5,270)Net income

24,373

Net changes of items otherthan shareholders' equity

(8)

4,441

4,432

80

4,513

Total changes of items during
period

(8)

4,441

4,432

80

23,616

Balance at end of current period

14

12,683

12,697453

155,5359

Consolidated statements of cash flows(Millions of yen)
Fiscal year ended

Fiscal year ended

February 28, 2014

February 28, 2015

Cash flows from operating activities
Income before income taxes and minority interests

33,231

39,985

Depreciation
Increase (decrease) in provision for bonuses

3,885
8

4,019
46

Increase (decrease) in allowance for doubtful accounts
Interest and dividend income

3
(80)

24
(170)

Interest expenses
Foreign exchange losses (gains)

53
(85)

54
21

Loss (gain) on cancellation of derivatives
Loss (gain) on sales and retirement of non-current assets

1,049
174

–
166

Impairment loss
Decrease (increase) in notes and accounts receivable - trade

263
(853)

253
(1,816)

Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable - trade(4,455)659(7,980)
4,943

Other, net

3,002

3,317

Subtotal

36,85742,86656

147

Interest expenses paid
Income taxes paid

(52)
(13,863)(55)(13,267)

Net cash provided by (used in) operating activities

22,997

29,691

–

(506)

33
(3,862)–(6,099)

4
(466)

5
(366)

(92)
(1,770)(89)(65)

Collection of loans receivable
Purchase of shares of subsidiaries

85
–

101
(8)

Purchase of shares of subsidiaries resulting in change in scopeof consolidation–(1,314)(1,993)586(2,526)
1,316

(114)
16

(144)
128

Net cash provided by (used in) investing activities(7,573)(9,568)Cash flows from financing activities
Net increase (decrease) in short-term loans payable

(972)

2,617

(1,002)(3,989)(1,003)(5,267)

69
(21)

–
(22)

(5,916)(3,675)Interest and dividend income received

Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Payments for store removal
Payments of loans receivable

Payments for lease and guarantee deposits
Proceeds from collection of lease and guarantee deposits
Other payments
Other proceeds

Repayments of long-term loans payable
Cash dividends paid
Proceeds from share issuance to minority shareholders
Other payments
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents

475

604

Net increase (decrease) in cash and cash equivalents

9,983

17,051

Cash and cash equivalents at beginning of period

68,77278,755

Cash and cash equivalents at end of period

78,75595,80710