Summary of Consolidated Financial Results
for the Nine Months Ended November 30, 2014（Q3FY2015）(Based on Japanese GAAP)
January 7, 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 to file Quarterly Securities Report:
January 8, 2015
Scheduled date to commence dividend payments:–Preparation of supplementary material on quarterly financial results: Yes
Holding of quarterly financial results meeting:Yes(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, 2014 (from March 1, 2014 to November 30, 2014)(1) Consolidated financial results (cumulative)
Percentages indicate year-on-year changes
Net sales
Millions of yen
158,041
137,906

Nine months ended November 30, 2014
Nine months ended November 30, 2013
(Note) Comprehensive income:Nine months ended November 2014

Operating income% Millions of yen
14.632,079
18.7
26,034

Ordinary income% Millions of yen
23.2
32,502
14.4
26,63920,837 million yen (13.9%) Nine months ended November 2013
Net income per share
Diluted net income per share
Yen
256.20199.41

Nine months ended November 30, 2014
Nine months ended November 30, 2013

Net income% Millions of yen
22.0
19,2909.7
15,014%28.5
9.1

18,297 million yen (30.0%)

Yen
233.86
182.02(2) Consolidated financial position
Total assets
As of November 30, 2014
As of February 28, 2014
(Reference) Shareholders’ Equity:
As of November 30, 2014

Net assets

Millions of yen
225,321
196,881
147,071 million yen

Equity ratio

Net assets per share

Millions of yen
147,485
131,919

%
65.3
66.8

As of February 28, 2014

131,546 million yen

Yen1,953.29
1,747.10

2. Cash dividends
Annual dividends per share

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

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen
––

Yen
25.00
40.00

Yen––

Yen
30.00

Yen
55.00

40.00

80.00

Year ending February 28, 2015 (Forecast)(None) Revisions to dividend forecasts published most recently: NoneTotal

3. Forecast of consolidated financial results for the year ending February 28, 2015 (from March 1, 2014 to February 28, 2015)
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
Full year
213,000
13.3
40,60019.0
41,20018.3
24,35021.8
323.40(None) Revisions to financial forecasts published most recently: None14. Notes(1) Changes in significant subsidiaries during the nine months ended November 30, 2014(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
No
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:No
Changes in accounting estimates:
No
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, 2014

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 November 30, 2014

164 shares As of February 28, 2014

164 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended November 30, 2014

75,294,265 shares Nine months ended November 30, 201375,294,265 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, 2015 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(Millions of yen)
As of February 28, 2014
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Merchandise and finished goods
Work in process
Raw materials and supplies
Deferred tax assets
OtherAllowance for doubtful accounts
Total current assets
Non-current 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
Trademark right
Goodwill
Other
Total intangible assets

As of November 30, 2014

78,884
6,463
38,962
13479
1,414
3,355
(30)

87,834
9,221
50,051
46803
1,457
5,167
(38)

129,542

154,543

22,758(10,980)

25,196(12,164)

11,77813,031

8,012(4,923)

8,452(5,471)

3,089

2,980

17,696
90
593
(463)

19,071
174
433
(319)

129

113

32,78435,371

2,682
7,195
1,770

2,539
7,544
1,787

11,64911,871

Investments and other assets
Investment securities
Shares of subsidiaries and associates
Long-term loans receivable
Lease and guarantee deposits
Other
Allowance for doubtful accounts

125
94
2,575
18,960
1,150
(1)

59
102
2,518
19,6531,201(1)

Total investments and other assets

22,90423,534

Total non-current assets
Total assets

367,338

70,777

196,881

225,321

(Millions of yen)
As of February 28, 2014
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
Other

As of November 30, 2014

8,551
3,278
1,002
7,113
654
234
26
778
5,722

16,735
6,167
1,000
6,942
1,252
238
21
814
7,546

27,362

40,71833,00033,000

1,500

1,000

Provision
Asset retirement obligations
Other658
243
2,197

725
264
2,127

Total non-current liabilities

37,59937,116

Total liabilities

64,961

77,835

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

3,482
7,488
112,310
(0)

3,482
7,488
126,329(0)

Total current liabilities
Non-current liabilities
Convertible bond-type bonds with subscription rights toshares
Long-term loans payable

123,281

137,300

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

Total shareholders' equity

238,241

13
9,757

Total accumulated other comprehensive income

8,265

9,770

372

413

131,919

147,485

196,881

225,321

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)(Millions of yen)
Nine months ended
November 30, 2013

Nine months ended
November 30, 2014

Net sales
Cost of sales

137,906
60,282

158,041
70,405Gross profit

77,624

87,635

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

1,598
5,487
1,556
13,772
227
1,117
1,807
13,156
2,863

1,780
4,922
1,704
14,735
554
1,246
2,105
14,6582,923

Utilities expenses
Commission fee
Taxes and dues
Provision of allowance for doubtful accounts
Amortization of goodwill
Other

1,529
2,513
674
3753
4,526

1,642
3,039
618
3853
4,768

Total selling, general and administrative expenses

51,58955,556

Operating income26,034

32,079Non-operating income
Interest income
Foreign exchange gains
Rent Income for house
Gain on valuation of derivatives
Advertising medium income
Other

53
13486
136
44226

119–
552–
43
203

Total non-operating income

961

918

39–
252
64

35
62
285
112

Non-operating expenses
Interest expenses
Foreign exchange losses
Rent expenses
Other
Total non-operating expenses
Ordinary income

5356

495

26,63932,502

(Millions of yen)
Nine months ended
November 30, 2013
Extraordinary income
Gain on sales of non-current assets

Nine months ended
November 30, 2014
0404136
151
1,051
86

115
128––

1,425

243

Income before income taxes and minority interests

25,21532,263

Income taxes - current
Income taxes - deferred

10,397(145)

13,083(141)

Total income taxes

10,251

12,941

Income before minority interests

14,963

19,321

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

Minority interests in income (loss)
Net income

6(50)

31

15,014

19,290Consolidated statements of comprehensive income (cumulative)(Millions of yen)
Nine months ended
November 30, 2013
Income before minority interests
Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total other comprehensive income

Nine months ended
November 30, 2014

14,963

19,321

9
3,324

(9)
1,525

3,333

1,515

Comprehensive income

18,297

20,837

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

18,318(20)

20,795417Consolidated statements of cash flows(Millions of yen)
Nine months ended
November 30, 2013
Cash flows from operating activities
Income before income taxes and minority interests
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 valuation of derivatives
Loss on cancellation of derivatives
Loss (gain) on sales and retirement of non-current assets
Impairment loss
Decrease (increase) in notes and accounts receivable - trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable - trade

Nine months ended
November 30, 2014

25,2152,863479(0)(54)
39(72)
(136)
1,051
135
151
(3,223)(9,825)
7,316

32,2632,923
597
2(120)
35
(48)
––
110
128
(4,500)(10,442)
7,918

Other, net

2,596

2,875

Subtotal

26,53531,742

Interest and dividend income received
Interest expenses paid
Income taxes paid

30(32)(13,821)86(31)(13,168)

Net cash provided by (used in) operating activities

12,712

18,628(2,916)3(292)(77)–(4,714)5(252)(67)(8)–(1,314)(1,740)63(1,601)396(93)
15(65)
78(1,733)
1,267
(90)
114

Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of intangible assets
Payments for store removal
Purchase of shares of subsidiaries
Purchase of shares of subsidiaries resulting in change in scopeof consolidation
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
Net cash provided by (used in) investing activities(6,241)(6,781)

Cash flows from financing activities
Net increase (decrease) in short-term loans payable
Repayments of long-term loans payable
Cash dividends paid
Proceeds from share issuance to minority shareholders
Other, net(2,016)(502)(3,980)
69
(16)

2,552
(503)
(5,260)–(16)

Net cash provided by (used in) financing activities(6,446)(3,227)

Effect of exchange rate change on cash and cash equivalents

144327

Net increase (decrease) in cash and cash equivalents

169

8,947

Cash and cash equivalents at beginning of period

68,77278,755

Cash and cash equivalents at end of period

68,94187,7038