Summary of Consolidated Financial Results
for the Three Months Ended May 31, 2013（Q1 FY2014）(Based on Japanese GAAP)
July 10, 2013
Company name
ABC-MART, INC.
Stock exchange listing Tokyo
Stock Code2670
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 to file Quarterly Securities Report
July 11, 2013
Scheduled date to commence dividend payments
Preparation of supplementary material on quarterly earnings
yes
Holding of quarterly earnings performance reviewyes(for institutional investors and analysts)(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended May 31, 2013 (from March 1, 2013 to May 31, 2013)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Net sales
Millions of yen
48,16539,753Operating income% Millions of yen
21.2
10,09010.8
8,369

Three months ended May 31, 2013
Three months ended May 31, 2012
(Note) Comprehensive income:Three months ended May 2013 7,082 million yen (29.1%)
Net income per share

Net income% Millions of yen
24.7
5,377
14.2
4,665

%
15.3
29.9

Three months ended May 2012 5,483 million yen (28.9％)
Diluted net income per share

Yen
71.42
61.97

Three months ended May 31, 2013
Three months ended May 31, 2012

Ordinary income% Millions of yen
20.6
10,297
12.8
8,254

Yen
65.19
-(2) Consolidated financial position
Total assets

Net assets

Millions of yen
180,183
174,159

As of May 31, 2013
As of February 28, 2013
(Reference) Shareholders’ Equity:
As of May 31, 2013 114,431 million yen

Equity ratio

Millions of yen114,738
109,764

As of February 28, 2013

Net assets per share%
63.5
62.9

Yen
1,519.79
1,453.95

109,474 million yen

2. Cash dividends
Annual dividends

Year ended February 28, 2013
Year ending February 28, 2014

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen-

Yen
22.00

Yen-

Yen
28.00

Yen
50.00

25.00

-

25.00

50.00

Year ending February 28, 2014 (Forecast)(None) Revisions to dividend forecasts published most recently: NoneTotal

3. Forecast for the year ending February 28, 2014 (from March 1, 2013 to February 28, 2014)

Net sales

Percentages indicate year-on-year changes
Net income
Operating income
Ordinary income
Net income
per share% Millions of yen% Millions of yen% Millions of yen%
Yen

Millions of yen
Six months ending
88,10014.3
17,1502.3
August 31, 2013
Full year
177,200
11.2
32,2006.0(None) Revisions to financial forecasts published most recently: None1

17,280

(0.6)

9,620

(2.7)

127.7732,480

5.6

18,5707.4

246.63

4. Notes(1) Changes in significant subsidiaries during the three months ended May 31, 2013(changes in specified subsidiaries resulting in the change in scope of consolidation):(2) Application of special accounting for preparing quarterly consolidated financial statements:

noyes(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements after error corrections
Changes in accounting policies due to revisions to accounting standards and other regulations:yes
Changes in accounting policies due to other reasons:noChanges in accounting estimates:
yes
Restatement of prior period financial statements after error corrections:no(4) Number of issued shares
Total number of issued shares at the end of the period (including treasury stock)
As of May 31, 201375,294,429 shares As of February 28, 201375,294,429 shares

Number of shares of treasury stock at the end of the period
As of May 31, 2013164 shares As of February 28, 2013164 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended May 31, 201375,294,265 shares Three months ended May 31, 2012

75,294,265 shares

NOTICE REGARDING QUARTERLY REVIEW PROCEDURES FOR THE CONSOLIDATED FINANCIAL RESULTS
This quarterly consolidated financial results statement is exempt from the quarterly review procedures based upon the Financial Instruments and Exchange Act.
At this time of disclosure of this quarterly consolidated financial results statement, the quarterly financial statement review procedures 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 28, 2014 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

Quarterly consolidated financial statements
Consolidated balance sheets(Thousands of yen)
As of February 28, 2013
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Merchandise and finished goods
Work in process
Raw materials and supplies
Currency option
Deferred tax assets
OtherAllowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Buildings and structuresAccumulated depreciation
Buildings and structures, net
Tools, 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
Right of trademark
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Stocks of subsidiaries and affiliates
Lease and guarantee deposits
Other
Total investments and other assets
Total noncurrent assets
Total assets

3

As of May 31, 2013

68,852,158
5,064,083
32,682,063
44,833
485,939
1,314,421
1,166,442
3,480,723(23,645)

66,219,360
6,519,757
37,035,799
44,716
407,757
354,619
1,194,203
5,129,036(27,763)

113,067,021

116,877,488

20,886,196(9,553,405)

21,806,663(9,905,533)

11,332,790

11,901,130

6,266,116(3,604,799)

6,789,287(3,932,064)

2,661,316

2,857,222

17,483,893
60,071
468,848(418,561)

17,526,442
117,616
553,975(436,293)

50,286

117,681

31,588,359

32,520,093

2,465,569
6,821,704
1,506,1382,606,822
7,210,479
1,534,097

10,793,412

11,351,400

109,651
84,175
16,494,299
2,022,501

115,591
84,175
17,207,537
2,026,871

18,710,627

19,434,175

61,092,399

63,305,669

174,159,421

180,183,157

(Thousands of yen)
As of February 28, 2013
Liabilities
Current liabilities
Notes and accounts payable-trade
Short-term loans payable
Current portion of long-term loans payable
Income taxes payable
Provision for bonuses
Provision
Asset retirement obligations
Notes payable-facilities
OtherTotal current liabilities
Noncurrent liabilities
Convertible bond-type bonds with subscription rights toshares
Long-term loans payable
Provision
Asset retirement obligations
Currency option
Other
Total noncurrent liabilities

As of May 31, 2013

7,477,486
4,135,826
1,002,800
7,455,270
642,716
178,038
17,861
936,279
4,114,601

11,701,561
2,090,247
1,002,800
4,142,872
1,096,509
194,157
16,7381,088,598
5,405,999

25,960,880

26,739,485

33,000,000

33,000,000

2,502,800
798,867
218,207265,084
1,648,895

2,501,400
902,429
231,153
248,157
1,821,716

38,433,856

38,704,856

Total liabilities

64,394,736

65,444,342

Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury stock

3,482,930
7,488,686
96,311,831(522)

3,482,930
7,488,686
99,581,020(522)

107,282,926

110,552,115

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment

13,432
2,177,708

17,114
3,862,504

Total accumulated other comprehensive income

2,191,141

3,879,618

290,616

307,080

109,764,684

114,738,815174,159,421

180,183,157

Total shareholders' equity

Minority interests
Total net assets
Total liabilities and net assets

4Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Thousands of yen)Three months ended
May 31, 2012

Three months ended
May 31, 2013

Net sales
Cost of sales

39,753,162
16,280,373

48,165,007
20,735,858

Gross profit

23,472,788

27,429,149

Selling, general and administrative expenses
Packing and transportation expenses
Advertising expenses
Warehousing expenses
Directors' compensations, salaries and allowances
Bonuses
Provision for bonuses
Legal and employee benefits expenses
Rents
Depreciation
Utilities expenses
Commission fee
Taxes and dues
Provision of allowance for doubtful accounts
Amortization of goodwill
Other527,3932,248,341
311,562
4,017,540
4,783
447,738
496,892
3,816,284
676,371
407,866
666,555
157,641
64,2701,260,462

519,3142,067,943
476,308
4,623,942
469,190576,861
4,404,750
911,854452,681
834,971
198,3202,555
240,145
1,559,648

Total selling, general and administrative expenses

15,103,704

17,338,487

8,369,084

10,090,662

Non-operating income
Interest income
Foreign exchange gains
Rent Income for house
Gain on valuation of derivatives
Advertising medium income
Other

8,949
20,553
97,286
14,70031,652

11,456
143,110
108,174
12,81067,415

Total non-operating income

173,141

342,967

Non-operating expenses
Interest expenses
Foreign exchange losses
Rent expenses
Loss on valuation of derivatives
Other

16,39658,423
169,126
43,402

18,557
3,362
76,62037,195

Operating income

Total non-operating expenses
Ordinary income

287,348

135,736

8,254,877

10,297,892

Extraordinary income
Gain on sales of noncurrent assets

535

37

Total extraordinary income

535

37

343
36,603
48,372-38,06927,7601,051,049

85,319

1,116,880

Extraordinary loss
Loss on sales of noncurrent assets
Loss on retirement of noncurrent assets
Impairment loss
Loss on cancellation of derivatives
Total extraordinary losses

5

(Thousands of yen)Three months ended
May 31, 2012

Three months ended
May 31, 2013

Income before income taxes and minority interests

8,170,093

9,181,049

Income taxes-current
Income taxes-deferred

3,502,837(5,310)3,799,919
3,262

Total income taxes

3,497,526

3,803,182

Income before minority interests

4,672,566

5,377,867

Minority interests in income
Net income

6

6,916

438

4,665,649

5,377,428

Consolidated statements of comprehensive income (cumulative)(Thousands of yen)Three months ended
May 31, 2012
Income before minority interests
Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment

Three months ended
May 31, 2013

4,672,566

5,377,867

4,667
806,7453,682
1,700,820

811,412

1,704,502

Comprehensive income

5,483,9787,082,370

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

5,451,817
32,161

7,065,906
16,463

Total other comprehensive income

7Consolidated statements of cash flows(Thousands of yen)Three months ended
May 31, 2012
Net cash provided by (used in) operating activities
Income before income taxes and minority interests
Depreciation and amortizationIncrease (decrease) in provision for bonuses
Increase (decrease) in allowance for doubtful accounts
Interest and dividends income
Interest expenses
Foreign exchange losses (gains)
Loss (gain) on valuation of securities
Loss (gain) on valuation of derivatives
Loss on cancellation of derivatives
Loss (gain) on sales and retirement of noncurrent assets
Impairment loss
Decrease (increase) in notes and accounts receivable-trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable-trade
Other, net

Three months ended
May 31, 2013

8,170,093
676,371431,778(1,066)(8,949)16,396(23,272)
16,582
169,126
36,411
48,372(1,865,829)(2,981,350)
3,233,036
278,473

9,181,049
911,854452,876
2,408(11,456)
18,557(76,180)(108,174)
1,051,049
38,032
27,760(2,139,471)(3,755,088)
3,780,974
829,673

Subtotal

8,196,172

10,203,866Interest and dividends income received
Interest expenses paid
Income taxes paid

6,860
(8,738)(5,832,170)

6,261(10,754)(6,989,827)

Net cash provided by (used in) operating activities

2,362,123

3,209,546

Net cash provided by (used in) investing activities
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 receivableCollection of loans receivable
Payments for lease and guarantee deposits
Proceeds from collection of lease and guarantee deposits
Other payments
Other proceeds(1,322,417)
4,978(89,072)(19,249)(155,000)
19,920(916,169)
645,712(103,534)
60,658(1,027,786)
1,215(78,642)(17,152)(50,000)
21,196(694,745)
188,732(47,810)
10,863

Net cash provided by (used in) investing activities(1,874,172)(1,694,129)

Net cash provided by (used in) financing activities
Net increase (decrease) in short-term loans payable
Repayment of long-term loans payable
Cash dividends paid
Other, net

859,056(1,251,400)(1,717,190)(695)(2,082,016)(1,400)(2,085,573)(5,459)Net cash provided by (used in) financing activities(2,110,229)(4,174,449)

Effect of exchange rate change on cash and cash equivalents63,398

22,453

Net increase (decrease) in cash and cash equivalents(1,558,880)(2,636,579)

Cash and cash equivalents at beginning of period

41,990,939

68,772,082

Cash and cash equivalents at end of period

40,432,059

66,135,502

8