Note: This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy
between the Japanese original and this English translation, the Japanese original shall prevail.

Consolidated Financial Results
for the Six Months Ended August 31, 2023
[Japanese GAAP]
October 11, 2023
Company name: ABC-MART,INC.
Stock exchange listing: Tokyo
Code number: 2670
URL: https://www.abc-mart.co.jp/ir/
Representative: Minoru Noguchi
President and Representative Director
Contact: Yasuo Ishii
Director, Corporate Planning Office Manager
Phone: +81-334765452
Scheduled date of filing quarterly securities report: October 12, 2023
Scheduled date of commencing dividend payments: November 13, 2023
Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session: Yes (for institutional investors and analysts)(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Six Months Ended August 31, 2023 (March 1, 2023 to August 31, 2023)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Six months ended
August 31, 2023
169,464
24.4
29,32046.6
30,58049.2
21,04358.0
August 31, 2022
136,191
12.3
19,99539.8
20,501
38.9
13,31727.3(Note) Comprehensive income:Six months ended August 31, 2023:¥23,956 million [1.6%]
Six months ended August 31, 2022:¥23,586 million [67.8%]
Basic earnings
Diluted earnings perper shareshareYen
Yen
Six months ended
August 31, 2023
84.98
August 31, 2022
53.78
(Note) As the Company conducted a 3-for-1 stock split of common shares on September 1, 2023, "Net income per share" is calculated
as if the stock split had been conducted at the beginning of the previous fiscal year.
(2) Consolidated Financial Position
Total assets
As ofAugust 31, 2023
February 28, 2023
(Reference) Equity:

Net assets

Millions of yen

Capital adequacy ratio

Millions of yen

373,858
355,850
As of August 31, 2023:
As of February 28, 2023:¥¥%

327,446310,974
325,264 million
309,095 million

87.0
86.9

2. Dividends
1stquarter-end

2ndquarter-end

Yen

Yen

Annual dividends
3rdquarter-end
Yen

Year-end
Yen

Total
Yen

Fiscal year ended February 28, 2023
85.00
85.00
170.00Fiscal year ending February 29, 2024
85.00
Fiscal year ending February 29, 2024
29.00
(Forecast)(Note) Revision to the forecast for dividends announced most recently:
No(Note) Since the Company conducted a 3-for-1 stock split of shares of common stock on September 1, 2023, the year-end
dividend per share for the fiscal year ending February 29, 2024 (forecast) is shown as "-" for the total annual dividend per shareto reflect the effect of this stock split. If the stock split is not taken into account, the year-end dividend per share for the fiscal
year ending February 29, 2024 (forecast) is 87 yen per share, and the annual dividend per share is 172 yen per share.

3. Consolidated Financial Results Forecast for the Fiscal Year Ending February 29, 2024(March 1, 2023 to February 29, 2024)(% indicates changes from the previous corresponding period.)
Profit attributable to Basic earnings
Net sales
Operating profit
Ordinary profit
owners of parent
per share
Millions of yen% Millions of yen% Millions of yen% Millions of yen%

Yen

Full year
332,200
14.5
50,70019.9
52,00019.9
35,50017.3
143.37(Note) Revision to the financial results forecast announced most recently:
No(Note) Net income per share in the forecast for the fiscal year ending February 29, 2024 (full year) takes into account the effect of thestock split.
* Notes:(1) Changes in significant subsidiaries during the six months ended August 31, 2023
(changes in specified subsidiaries resulting in changes in scope of consolidation):
New(Company name:Exclusion:(Company name:No(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:))
Yes(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: Yes
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(4) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
August 31, 2023:
247,618,938 shares
February 28, 2023:
247,618,938 shares
2) Number of treasury shares at the end of the period:
August 31, 2023:
2,052 shares
February 28, 2023:
1,764 shares
3) Average number of shares outstanding during the period:
Six months ended August 31, 2023:
Six months ended August 31, 2022:

247,616,937 shares
247,617,444 shares(Note) The Company conducted a 3-for-1 stock split of common stock on September 1, 2023. Therefore, "Number of issued shares atthe end of the period," "Number of treasury shares at the end of the period," and "Average number of shares outstanding during theperiod" are calculated on the assumption that the stock split was conducted at the beginning of the previous fiscal year.
THIS QUARTERLY CONSOLIDATED FINANCIAL RESULTS STATEMENT IS EXEMPT FROM THE QUARTERLYREVIEW PROCEDURES.
FORWARD LOOKING STATEMENTS AND OTHER SPECIAL ITEMSThe forecast for the year ending February 29, 2024 is based on ABC-MART, INC.'s hypotheses, plans and estimates at the date ofpublication. It is possible that some uncertain factors will cause the Company's future performance to differ significantly from thecontents of forecast.

Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Millions of yen)
As of February 28, 2023
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Securities
Inventories
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, netTools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
LandConstruction in progress
Other
Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible assets
Trademark right
Software
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Shares of subsidiaries and associates
Long-term loans receivable
Leasehold and guarantee deposits
Retirement benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

As of August 31, 2023

138,918
15,096
9,529
88,5849,432(170)
261,391

148,354
15,7608,985
97,856
7,425(206)
278,176

36,216(20,329)
15,887
19,350(15,197)
4,153
19,310
610
461
(389)
71
40,03338,671(21,244)
17,426
21,257(16,729)
4,527
19,561
209
472
(405)
67
41,792

162
3,187
80
1,199
4,629

130
3,624
274
806
4,836

18,906614
237
27,010
236
2,245
563
(18)
49,796
94,459355,850

16,699609
201
27,923
51
2,968
636
(36)
49,052
95,682373,858(Millions of yen)
As of February 28, 2023
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Income taxes payable
Contract liabilities
Provision for bonuses
Provisions
Asset retirement obligations
Notes payable - facilities
Other
Total current liabilities
Non-current liabilities
Retirement benefit liability
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

As of August 31, 2023

12,484
5,959
9,330
1,039
1,037
301
208
3,974
9,277
43,613

17,590
2,133
9,750
1,113
1,174
254
303
1,541
10,67744,540

156
395
710
1,263
44,876

186
460
1,224
1,872
46,412

19,972
24,043244,387(3)
288,400

19,972
24,043257,878(4)
301,891

6,060

4,703

14,634
20,694
1,878
310,974
355,850

18,67023,373
2,181
327,446
373,858

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the six months)(Millions of yen)
For the six months
ended August 31, 2022
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Packing and transportation costs
Advertising expenses
Storage costs
Remuneration, salaries and allowances for directors(and other officers)
Bonuses
Provision for bonuses
Retirement benefit expenses
Legal and other welfare expenses
Rent expenses on land and buildings
Depreciation
Utilities expenses
Commission expenses
Taxes and dues
Amortization of goodwill
OtherTotal selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Foreign exchange gains
Rent income for house
Advertising medium income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Rental expenses
Other
Total non-operating expenses
Ordinary profit

For the six months
ended August 31, 2023

136,191
64,32571,866

169,464
81,16988,295

1,923
2,699
1,2492,081
3,391
1,662

13,76015,878

390
1,013
477
2,182
14,681
2,793
1,226
3,931
816
441
4,282
51,871
19,995

434
1,172
342
2,508
16,658
2,683
1,461
4,828
1,004
64
4,799
58,97529,320

62
160
444
17
112
796

266
327
325
368
17
139
1,444

3
59
194
33
290
20,5015155
24
184
30,580(Millions of yen)
For the six months
ended August 31, 2022
Extraordinary income
Gain on sale of non-current assets
Gain on sale of securities
Employment adjustment subsidies for covid19
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on valuation of investment securities
Impairment losses
Loss due to covid19
Other
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

For the six months
ended August 31, 2023

1643
60

7354
362

104
305
409
20
840
19,7216,470(153)
6,316
13,40486
13,317

136
246
0383
30,559
9,515
(78)
9,436
21,12379
21,043

Quarterly Consolidated Statements of Comprehensive Income (For the six months)(Millions of yen)
For the six months
ended August 31, 2022
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to non-controllinginterests

For the six months
ended August 31, 2023

13,404

21,123

3,944
6,237
10,182
23,586(1,357)
4,190
2,833
23,95623,311

23,721275235Quarterly Consolidated Statements of Cash Flows(Millions of yen)
For the six months
ended August 31, 2022
Cash flows from operating activities
Profit before income taxes
Depreciation
Increase (decrease) in provision for bonuses
Increase (decrease) in allowance for doubtful accounts
Interest and dividend income
Interest expenses
Foreign exchange losses (gains)
Loss (gain) on sale of securities
Loss (gain) on valuation of short-term and long-term
investment securities
Loss (gain) on sale and retirement of non-current
assetsImpairment losses
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Payments into time deposits
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Payments for store removal
Loan advances
Proceeds from collection of loans receivable
Payments of leasehold and guarantee deposits
Proceeds from refund of leasehold and guaranteedeposits
Other payments
Other proceeds
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Dividends paid
Proceeds from share issuance to non-controllingshareholders
Other payments
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Increase in cash and cash equivalents resulting frominclusion of subsidiaries in consolidation
Cash and cash equivalents at end of period

For the six months
ended August 31, 2023

19,7212,887
27
1(222)
3(65)-30,5592,788
101
28(593)5(249)
(354)

305

-

88

128

409
(2,509)(12,982)
4,067(1,069)10,661177(2)(4,057)
6,779

246
(606)
(5,177)
1,409
1,095
29,380334(4)(8,690)21,019(263)(2,536)35(780)(108)(1,780)284(927)(3,648)(3,037)0(644)
(157)
(200)
244
(606)

957

595

(236)
41(5,313)

(115)
342
(7,228)2,111(7,011)(3,828)(7,011)69-(0)(4,831)(0)(10,841)

3,933

1,583

568
151,770

4,533
148,224-863

152,338

153,621