Summary of Consolidated Financial Results
for the Nine Months Ended November 30, 2019(Q3 FY2020)(Based on Japanese GAAP)

January 8, 2020

Company name:
ABC-MART, INC.
Stock exchange listing: Tokyo
Stock code:
Representative:

2670
URL http://www.abc-mart.co.jp/ir/
President and Representative Director
Minoru Noguchi

Inquiries:
Director, Corporate Planning Office Manager Jo Kojima
Scheduled date to file Quarterly Securities Report:
January 9, 2020
Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:–Yes

Holding of quarterly financial results meeting:

YesTEL

03-3476-5452(for institutional investors and analysts)(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended November 30, 2019 (from March 1, 2019 to November 30, 2019)(1) Consolidated operating results (cumulative)
Net sales
Millions of yen
203,096
196,158

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen%
3.5
33,5040.7
34,3030.0
22,991
0.14.033,274
1.7
34,2982.2
22,961
3.3

Nine months ended November 30, 2019
Nine months ended November 30, 2018
(Note) Comprehensive income:Nine months ended November 30, 2019 19,354 million yen (-11.8%) Nine months ended November 30, 2018 21,948 million yen (-2.6%)
Earnings per share

Diluted earnings per share

Yen
278.57278.21

Nine months ended November 30, 2019
Nine months ended November 30, 2018

Yen––

(2) Consolidated financial position
Total assets
As of November 30, 2019
As of February 28, 2019
(Reference) Shareholders’ Equity:
As of November 30, 2019

Net assets

Millions of yen
306,946
296,941

Equity ratio

Millions of yen
262,987259,315

261,930 million yen

As of February 28, 2019

Net assets per share
%
85.3
87.0

Yen
3,173.41
3,130.62

258,376 million yen

2. Cash dividends
Annual dividends per share

Year ended February 28, 2019Year ending February 29, 2020

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen
––

Yen
65.00
85.00

Yen––

Yen
105.00Yen
170.0085.00

170.00Year ending February 29, 2020 (Forecast)(Note) Revisions to dividend forecasts published most recently: NoTotal

3. Forecast of consolidated financial results for the year ending February 29, 2020 (from March 1, 2019 to February 29, 2020)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Yen
Full year
278,300
4.3
45,2002.9
45,7001.3
30,8601.9373.90(Note) Revisions to financial forecasts published most recently: No1

4. Notes(1) Changes in significant subsidiaries during the nine months ended November 30, 2019(changes in specified subsidiaries resulting in the change in scope of consolidation):(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

NoYes(3) 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:
NoChanges in accounting policies due to other reasons:
Changes in accounting estimates:

NoNo

Restatement of prior period financial statements:

No(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of November 30, 201982,539,646 shares As of February 28, 201982,532,416 shares

Number of treasury shares at the end of the period
As of November 30, 2019

470 shares As of February 28, 2019393 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended November 30, 201982,534,357 shares Nine months ended November 30, 201882,532,023 shares

THIS QUARTERLY CONSOLIDATED FINANCIAL RESULTS STATEMENT IS EXEMPT FROM THE QUARTERLY REVIEWPROCEDURES.
FORWARD LOOKING STATEMENTS AND OTHER SPECIAL ITEMSThe forecast for the year ending February 29, 2020 is based on ABC-MART, INC.'s hypotheses, plans and estimates at the date of publication.
some uncertain factors will cause the Company's future performance to differ significantly from the contents of forecast.

2It is possible that

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of February 28, 2019

As of November 30, 2019

AssetsCurrent assets
Cash and deposits

139,914138,140

Notes and accounts receivable - trade
Inventories

10,42365,665

13,30872,610Other
Allowance for doubtful accounts

4,648
(42)

6,135
(52)

220,610230,142

30,266(16,089)

31,700(16,407)

14,176

15,292

13,612(8,818)

14,274(9,109)

4,794

5,164

17,099203

16,965
288

432
(378)

448
(389)

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, netLand
Construction in progress
Other
Accumulated depreciation
Other, net

5458

36,32837,769Trademark right
Goodwill

1,570
2,876

1,245
2,217

Other

2,392

2,634

Total intangible assets

6,840

6,096

Investment securities
Shares of subsidiaries and associates

46
2,647

36
2,647

Long-term loans receivable
Lease and guarantee deposits

1,802
24,961

1,701
24,896

Deferred tax assets
Other

3,087
634

3,015656

Total property, plant and equipment
Intangible assets

Investments and other assets

Allowance for doubtful accounts

(17)

(16)

Total investments and other assets

33,16232,937

Total non-current assets
Total assets

376,330

76,804

296,941

306,946(Millions of yen)
As of February 28, 2019

As of November 30, 2019

Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term loans payable

13,8772,189

21,786
1,822

Income taxes payable
Provision for bonuses

7,721
915

4,033
1,647

Provision
Asset retirement obligations

361
23265
19

Notes payable - facilities
Other

1,227
9,264

2,157
10,204

Total current liabilities

35,58041,936

Non-current liabilities
Net defined benefit liability

703

677

Asset retirement obligations
Other

377
964

421
922

Total non-current liabilities

2,045

2,021

37,626

43,958

Shareholders' equity
Capital stock

19,972

19,972

Capital surplus
Retained earnings

23,979205,591

24,043212,902

Total liabilities
Net assets

Treasury shares

(2)

(2)

249,542

256,916

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

88,82575,007

Total accumulated other comprehensive income

8,833

5,014

Total shareholders' equity
Accumulated other comprehensive income

Non-controlling interests
Total net assets
Total liabilities and net assets

4938

1,057

259,315

262,987

296,941

306,946

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)
Nine months ended
November 30, 2018

Nine months ended
November 30, 2019

Net sales

196,158

203,096

Cost of sales

91,403

95,516Gross profit

104,755

107,580

Packing and transportation expenses
Advertising expenses

2,510
4,496

2,753
4,580

Warehousing expenses
Directors' compensations, salaries and allowances

2,389
19,1982,321
20,198Bonuses
Provision for bonuses

400
1,659

404
1,648

Retirement benefit expenses
Legal and employee benefits expenses

297
2,904

308
3,054

Rents
Depreciation

20,967
3,326

20,572
3,609

Utilities expenses
Commission fee

1,655
4,166

1,659
4,944

Taxes and dues
Amortization of goodwill

1,307
632

1,353
587

Selling, general and administrative expenses

Other

5,567

6,080

Total selling, general and administrative expenses

71,481

74,07533,27433,504

110

137

842
29760
29

Operating profit
Non-operating income
Interest income
Rent Income for house
Advertising medium income
Other

534

426

1,517

1,354

Interest expenses
Foreign exchange losses

737

682

Rent expenses
Other

372
75

399
66

Total non-operating expenses

492

555

34,29834,303

Total non-operating income
Non-operating expenses

Ordinary profit

5(Millions of yen)
Nine months ended
November 30, 2018

Nine months endedNovember 30, 2019

Extraordinary income
Gain on sales of non-current assets

535

Total extraordinary income

535145
194

144
354

1–

341

499

Profit before income taxes

34,01033,809

Income taxes - current
Income taxes - deferred

11,096(177)

10,57229

Total income taxes

10,91910,602

Profit23,091

23,206130

214

22,961

22,991

Extraordinary losses
Loss on retirement of non-current assets
Impairment loss
Other
Total extraordinary losses

Profit attributable to non-controlling interests
Profit attributable to owners of parent6Consolidated statements of comprehensive income (cumulative)(Millions of yen)
Nine months ended
November 30, 2018
ProfitNine months ended
November 30, 201923,091Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total other comprehensive income

23,206(0)(1)(1,143)(3,850)(1,143)(3,852)Comprehensive income

21,94819,354Comprehensive income attributable toComprehensive income attributable to owners of parent

21,833

19,172

115

182

Comprehensive income attributable to non-controllinginterests7