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 Year Ended February 29, 2024
[Japanese GAAP]
April 10, 2024
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 Annual General Meeting of Shareholders: May 28, 2024
Scheduled date of commencing dividend payments: May 29, 2024
Scheduled date of filing annual securities report: May 30, 2024
Availability of supplementary briefing material on annual financial results: Yes
Schedule of annual 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 Fiscal Year Ended February 29, 2024 (March 1, 2023 to February 29, 2024)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable to
Net sales
Operating profit
Ordinary profit
owners of parent
Millions of yen%
Millions of yen%
Millions of yen%
Millions of yen%
Fiscal year ended
February 29, 2024
344,197
18.7
55,671
31.6
57,83433.4
40,00932.2
February 28, 2023
290,07718.9
42,30154.1
43,36053.4
30,25674.1(Note) Comprehensive income:Fiscal year ended February 29, 2024:¥
45,181 million [12.8%]
Fiscal year ended February 28, 2023:¥
40,055 million [100.8%]
Basic earnings per Diluted earnings per Rate of return on
share
share
equityYen
Fiscal year ended
February 29, 2024
161.58February 28, 2023
122.19(Reference) Equity in earnings (losses) of affiliated companies:

Yen%

Ordinary profit tototal assets ratio

Operating profit to
net sales ratio

%

%

12.3
15.6
16.2
10.2
12.9
14.6
Fiscal year ended February 29, 2024:¥- million
Fiscal year ended February 28, 2023:¥- million(Note) As the Company conducted a 3-for-1 stock split of common shares on September 1, 2023, "Net income per share" iscalculated as if the stock split had been conducted at the beginning of the previous fiscal year.
(2) Consolidated Financial Position
Total assets
Net assets
Capital adequacy ratio
Net assets per share
Millions of yen
Millions of yen
%
Yen
As of
February 29, 2024
387,336
341,65487.6
1,370.85
February 28, 2023
355,850
310,97486.9
1,248.28(Reference) Equity: As of February 29, 2024:¥
339,444 million
As of February 28, 2023:¥
309,095 million(3) Consolidated Cash Flows
Cash and cash
Cash flows from
Cash flows from
Cash flows fromequivalents at the end
operating activities
investing activities
financing activitiesof period
Millions of yen
Millions of yen
Millions of yen
Millions of yen
Fiscal year ended
February 29, 2024
51,230(11,405)(18,587)
172,762
February 28, 2023
10,882(9,003)(9,358)148,224

2. Dividends
Annual dividends
1st
2nd
3rd
quarter-end quarter-end quarter-end Year-end
Fiscal year ended
February 28, 2023
February 29, 2024

Yen

Yen

Yen

-

85.00
85.00

-

85.00
37.00

Dividends
to netassets(consolidated)

Yen Millions of yen%(consolidated)
%

46.4
40.4

4.7
5.0

Total

Yen

Payoutratio

Total
dividends

170.00-14,031
16,177

Fiscal year ending
February 28, 2025
33.00
33.00
66.00
40.6
(Forecast)(Note) The Company conducted a 3-for-1 stock split of shares of common stock on September 1, 2023. If the stock split is nottaken into account, the year-end dividend per share for the fiscal year ending February 29, 2024 (forecast) is 111 yen per share,
and the annual dividend per share is 196 yen per share.
3. Consolidated Financial Results Forecast for the Fiscal Year Ending February 28, 2025 (March 1, 2024 to February 28, 2025)(% indicates changes from the previous corresponding period.)
Profit attributable Basic earnings per
Net sales
Operating profit
Ordinary profit
to owners of parent
shareMillions ofyen%Millions ofyen%Millions ofyen%Millions of
yen

%

Yen

Six months ending August
182,700
7.8
31,0005.7
31,4802.9
21,2501.0
85.82
31, 2024
Full year
365,800
6.3
58,7005.4
59,7003.2
40,3000.7
162.75* Notes:(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting in changes inscope of consolidation): No
New(Company name:)
Exclusion:(Company name:)(2) 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(3) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):February 29, 2024:
247,618,938 shares
February 28, 2023:
247,618,938 shares
2) Number of treasury shares at the end of the period:
February 29, 2024:
2,187 shares
February 28, 2023:
1,764 shares
3) Average number of shares outstanding during the period:
Fiscal Year ended February 29, 2024:
247,616,857 sharesFiscal Year ended February 28, 2023:
247,617,357 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.

(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the Fiscal Year Ended February 29, 2024 (March 1, 2023 to February 29, 2024)(1) Non-consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales
Fiscal year ended
February 29, 2024
February 28, 2023

Operating profit

Ordinary profit

Net income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

231,586
197,982

17.0
16.6

45,84534,76531.9
38.8

48,21936,142

33.4
37.5

32,89924,46934.4
48.7

Basic earnings per share Diluted earnings per share
Yen
Yen
Fiscal year ended
February 29, 2024
132.86
February 28, 2023
98.82
(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) Non-consolidated Financial Position
Total assets
Net assets
Capital adequacy ratio
Net assets per share
Millions of yen
Millions of yen
%
Yen
As of
February 29, 2024
317,681282,62989.0
1,141.40
February 28, 2023
297,166
262,65088.4
1,060.71(Reference) Equity: As of February 29, 2024:¥
282,629 million
As of February 28, 2023:¥
262,650 million

2. Non-consolidated Financial Results Forecast for the Fiscal Year Ending February 28, 2025 (March 1, 2024 to February 28, 2025)(% indicates changes from the previous corresponding period.)
Net sales
Ordinary profit
Net income
Basic earnings per share
Millions of yen%

Millions of yen%

Millions of yen%

Yen

Six months ending August
31, 2024

122,200

4.9

26,4002.7

17,9502.6

72.49

Full year

240,000

3.6

49,3002.2

33,4001.5

134.89THIS QUARTERLY CONSOLIDATED FINANCIAL RESULTS STATEMENT IS EXEMPT FROMTHE QUARTERLYREVIEWPROCEDURES.
FORWARD LOOKING STATEMENTS AND OTHER SPECIAL ITEMSThe forecast for the year ending February 28 2025 is based on ABC-MART, INC.'s hypotheses, plans and estimates at the date of
publication. It is possible that some uncertain factors will cause the Company's future performance to differ significantly from thecontents of forecast.

Consolidated Financial Statements
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, 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
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

1

As of February 29, 2024

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

167,208
16,262
9,150
88,9427,303(240)
288,627

36,216(20,329)
15,887
19,350(15,197)
4,153
19,310
610
461
(389)
71
40,03339,543(21,859)
17,684
21,673(17,277)
4,396
19,568
351
428
(384)
44
42,045

162
3,187
80
1,199
4,629

95
3,506
207
807
4,616

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

20,026600
167
28,041
255
2,390
598
(33)
52,046
98,708387,336(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

2

As of February 29, 2024

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

15,238
1,405
11,268
1,074
1,163
299
318
1,189
12,013
43,972

156
395
710
1,263
44,876

54
473
1,181
1,709
45,681

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

19,972
24,043269,829(4)
313,841

6,060

7,172

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

18,43025,603
2,209
341,654387,336

Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income(Millions of yen)
For the fiscal year
ended February 28, 2023
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Advertising expenses
Packing and transportation costs
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
Other
Total 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

3

For the fiscal year
ended February 29, 2024

290,077
140,480
149,597

344,197
168,603
175,594

6,525
3,993
2,812

7,688
4,163
3,156

28,40032,222

1,808
1,037
537
4,440
30,032
5,603
2,669
8,286
1,775
499
8,871
107,295
42,301

2,000
1,162
594
5,059
33,652
5,561
2,822
9,875
2,184
131
9,646
119,92255,671

152
426
821
34
298
1,733

508
604
426
804
34
396
2,775

11
148
463
51
674
43,360

9
488
114
612
57,834

(Millions of yen)
For the fiscal year
ended February 28, 2023
Extraordinary income
Gain on sale of non-current assets
Gain on sale of securities
Employment adjustment subsidies for covid19
Other
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on valuation of shares of subsidiaries andassociates
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 fiscal year
ended February 29, 2024

21
758
56
835

24
437
0
463

208

374

-

8

305
986
34
0
1,534
42,661
12,975(722)
12,25230,408152
30,256

77
504
74
1,039
57,257
17,672(561)
17,11040,147137
40,009Consolidated Statements of Comprehensive Income(Millions of yen)
For the fiscal year
ended February 28, 2023
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 ofparentComprehensive income attributable to non-controllinginterests

4

For the fiscal year
ended February 29, 2024

30,40840,147

4,069
5,577
9,646
40,055

1,112
3,921
5,033
45,181

39,82844,918226

263

Consolidated Statements of Changes in Equity
For the fiscal year ended February 28, 2023
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginningof period
Changes during
periodDividends ofsurplusProfit attributable toowners of parent
Purchase of treasury
sharesNet changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
periodCapital surplus

19,972Retained earnings

24,043

228,162(2)

Total shareholders'equity272,176(14,031)(14,031)

30,25630,256
(0)

(0)

-

-

16,224(0)

16,223

19,972

24,043244,387(3)

288,400

Accumulated other comprehensive income
Valuation difference Foreign currency Total accumulated
on available-for-saletranslation
other comprehensive
securities
adjustment
incomeBalance at beginningof period
Changes during
periodDividends ofsurplusProfit attributable toowners of parent
Purchase of treasury
sharesNet changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
periodTreasury shares

1,991

9,131

11,122

Non-controllinginterests

Total net assets

1,582

284,881(14,031)
30,256
(0)
4,069

5,503

9,572

296

9,868

4,069

5,503

9,572

296

26,092

6,060

14,634

20,694

1,878

310,9745For the fiscal year ended February 29, 2024
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginningof period
Changes during
periodDividends ofsurplusProfit attributable toowners of parent
Purchase of treasury
sharesChange in scope of
consolidation
Net changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
periodCapital surplus

19,972Retained earnings

24,043244,387(3)

Total shareholders'equity288,400(14,031)(14,031)40,00940,009
(1)

(535)

(1)
(535)

-

-

25,441(1)

25,44019,972

24,043269,829(4)

313,841

Accumulated other comprehensive income
Valuation difference Foreign currency Total accumulated
on available-for-saletranslation
other comprehensive
securities
adjustment
incomeBalance at beginningof period
Changes during
periodDividends ofsurplusProfit attributable toowners of parent
Purchase of treasury
sharesChange in scope of
consolidation
Net changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
periodTreasury shares

6,060

14,634

20,694Non-controllinginterests

Total net assets

1,878

310,974(14,031)40,009
(1)
(535)
1,112

3,796

4,908

331

5,239

1,112

3,796

4,908

331

30,6807,172

18,43025,603

2,209

341,6546

Consolidated Statements of Cash Flows(Millions of yen)
For the fiscal year
ended February 28, 2023
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 investment securities
Loss on valuation of shares of subsidiaries andassociates
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 guarantee
deposits
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 (decrease) in cash and cash equivalents resulting
from change in scope of consolidation
Cash and cash equivalents at end of period

7

For the fiscal year
ended February 29, 2024

42,661
5,801
50
2
(578)
11
(139)
(758)
305

57,257
5,783
89
63(1,113)
9
(408)
(437)
77

-

8

187

349

986
(2,938)(26,608)
1,584(1,486)
19,081385(11)(8,572)
10,882

504
(744)
2,878
(351)
2,624
66,592608(7)(15,964)
51,230(5,368)44(1,501)(210)(3,360)1,949(1,569)(4,107)(6,365)29(1,218)
(373)
(200)
285
(1,394)

1,303

1,272

(297)
4
(9,003)(198)
863(11,405)

4,605(14,027)(4,559)(14,027)

63

-

(1)
(9,358)(1)(18,587)

3,934

2,437

(3,545)
151,770

23,674
148,224-863

148,224

172,762

Non-consolidated Financial Statements
Non-consolidated Balance Sheets(Millions of yen)
As of February 28, 2023
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Securities
Merchandise
Raw materials
Short-term loans receivable
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Tools, furniture and fixtures
Land
Construction in progress
Other
Total property, plant and equipment
Intangible assets
Software
Other
Total intangible assets
Investments and other assets
Investment securities
Shares of subsidiaries and associates
Long-term loans receivable
Leasehold and guarantee deposits
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

8

As of February 29, 2024

121,336
7,239
9,529
53,003
138
5,875
6,152
203,274

143,277
8,400
9,150
49,850
145
4,351
6,743
(56)
221,863

14,5201,319
16,689493
59
33,082

15,7201,312
16,878232
2734,171

1,828
881
2,710

2,046
414
2,460

18,90621,805507
14,866
1,477
535
58,09993,892
297,166

20,026
21,796377
15,017
1,427
553
(12)
59,185
95,817
317,681(Millions of yen)
As of February 28, 2023
Liabilities
Current liabilities
Notes payable - trade
Accounts payable - trade
Short-term borrowings
Income taxes payable
Contract liabilities
Provision for bonuses
Notes payable - facilities
Other
Total current liabilities
Non-current liabilities
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Legal capital surplus
Other capital surplus
Total capital surplus
Retained earnings
Legal retained earnings
Other retained earnings
Retained earnings brought forward
Total retained earnings
Treasury shares
Total shareholders' equity
Valuation and translation adjustments
Valuation difference on available-for-salesecurities
Total valuation and translation adjustments
Total net assets
Total liabilities and net assets

9

As of February 29, 2024

4,488
4,399
5,913
7,980
448
981
3,974
5,588
33,775

7,065
4,889
1,399
10,170
464
1,045
1,189
7,770
33,996740
740
34,5161,055
1,055
35,051

19,972

19,972

23,97863
24,042

23,97863
24,042

55

55

212,522
212,578(3)
256,590

231,390
231,446(4)
275,456

6,060

7,172

6,060
262,650
297,166

7,172
282,629
317,681Non-consolidated Statements of Income(Millions of yen)
For the fiscal year
ended February 28, 2023
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest and 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
Provision of allowance for doubtful accounts
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of securities
Employment adjustment subsidies for covid19
Other
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on valuation of shares of subsidiaries andassociates
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
Profit10

For the fiscal year
ended February 29, 2024

197,982
89,303
108,679
73,91334,765

231,586
106,121
125,464
79,61945,845

659
955
34
182
1,831

994
451
1,149
34
303
2,932

10
107
271
66
455
36,142

6
467
56
26
558
48,219

17
758
56
832

7
437
0
445

179

290

-

8

305
848
34
0
1,367
35,607
11,597(459)
11,13824,469

77
437
74
888
47,77615,317(440)
14,87732,899Non-consolidated Statements of Changes in Equity
For the fiscal year ended February 28, 2023
(Millions of yen)
Shareholders' equity
Capital surplus

Balance at beginningof period
Changes during
periodDividends ofsurplusProfitPurchase of treasury
sharesNet changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
periodShare capital

Legal capitalsurplus

Other capitalsurplus

Total capitalsurplus19,972

23,97863

24,04255

202,084(14,031)
24,469

-

-

-

-

-

10,43819,972

23,97863

24,042

55

212,522

Shareholders' equity

Valuation and translation
adjustments

Treasury shares

Valuation
Total
Total valuation Total net assets
difference onshareholders'
and translation
available-for-sale
equityadjustments
securities

Retainedearnings
Total retained
earnings
Balance at beginningof period
Changes during
periodDividends ofsurplusProfitPurchase of treasury
sharesNet changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
periodRetained earnings
Other retained
earnings
Legal retained
Retainedearnings
earnings brought
forward202,140(2)

246,153

1,991

1,991

248,144(14,031)(14,031)(14,031)

24,46924,46924,469

(0)

(0)

(0)

4,069

4,069

4,069

10,438(0)

10,437

4,069

4,069

14,506

212,578(3)

256,590

6,060

6,060

262,65011

For the fiscal year ended February 29, 2024
(Millions of yen)
Shareholders' equity
Capital surplus

Balance at beginningof period
Changes during
periodDividends ofsurplusProfitPurchase of treasury
sharesNet changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
periodShare capital

Legal capitalsurplus

Other capitalsurplus

Total capitalsurplus19,972

23,97863

24,042

55

212,522(14,031)
32,899

-

-

-

-

-

18,867

19,972

23,97863

24,042

55

231,390

Shareholders' equity

Valuation and translation
adjustments

Treasury shares

Valuation
Total
Total valuation Total net assets
difference onshareholders'
and translation
available-for-sale
equityadjustments
securities

Retainedearnings
Total retained
earnings
Balance at beginningof period
Changes during
periodDividends ofsurplusProfitPurchase of treasury
sharesNet changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
periodRetained earnings
Other retained
earnings
Legal retained
Retainedearnings
earnings brought
forward212,578(3)

256,590

6,060

6,060

262,650(14,031)(14,031)(14,031)

32,89932,89932,899

(1)

(1)

(1)

1,112

1,112

1,112

18,867(1)

18,866

1,112

1,112

19,978231,446(4)

275,456

7,172

7,172

282,62912