Summary of Consolidated Financial Results
for the Nine Months Ended November 30, 2020 (Q3 FY2021)(Based on Japanese GAAP)

January 13, 2021

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

2670
URL https://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 14, 2021
Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:–Yes

Holding of quarterly financial results meeting:

Yes

TEL03-3476-5452(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, 2020 (from March 1, 2020 to November 30, 2020)(1) Consolidated operating results (cumulative)

Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
160,430 (21.0)
14,867 (55.6)
15,862 (53.8)
10,282 (55.3)
203,096
3.5
33,5040.7
34,3030.0
22,991
0.1

Nine months ended November 30, 2020
Nine months ended November 30, 2019
(Note) Comprehensive income:Nine months ended November 30, 2020 13,867 million yen (-28.3%) Nine months ended November 30, 2019 19,354 million yen (-11.8%)
Earnings per share

Diluted earnings per share

Yen
124.57278.57

Nine months ended November 30, 2020
Nine months ended November 30, 2019

Yen––(2) Consolidated financial position
Total assets
As of November 30, 2020
As of February 29, 2020
(Reference) Shareholders’ Equity:
As of November 30, 2020

Net assets

Millions of yen
308,747
311,084

Equity ratio

Millions of yen
271,645
271,809

270,391 million yen

As of February 29, 2020

Net assets per share%
87.6
87.0

Yen
3,275.92
3,279.24

270,665 million yen

2. Cash dividends
Annual dividends per share

Year ended February 29, 2020
Year ending February 28, 2021

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
85.00
85.00

Yen––Yen
85.00

Yen
170.0085.00

170.00Year ending February 28, 2021 (Forecast)(Note) Revisions to dividend forecasts published most recently: NoTotal

3. Forecast of consolidated financial results for the year ending February 28, 2021 (from March 1, 2020 to February 28, 2021)
Percentages indicate year-on-year changes
Net sales

Operating profit

Ordinary profit

Millions of yen% Millions of yen% Millions of yen
Full year
220,600 (19.0)
17,800 (59.0)
18,700(Note) Revisions to financial forecasts published most recently: No1Profit% Millions of yen(57.8)
12,200Earnings per share%(58.9)

Yen147.81

4. Notes(1) Changes in significant subsidiaries during the nine months ended November 30, 2020(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, 2020

82,539,646 shares As of February 29, 2020

82,539,646 shares

Number of treasury shares at the end of the period
As of November 30, 2020

470 shares As of February 29, 2020

470 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended November 30, 2020

82,539,176 shares Nine months ended November 30, 201982,534,357 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 28, 2021 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 29, 2020

As of November 30, 2020

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade149,344
10,493122,040
13,676Inventories
Other

68,011
5,990

70,231
7,269

(36)

(43)

233,803

213,175

Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures

31,55933,650

Accumulated depreciation(16,789)(17,706)

Buildings and structures, net

14,77015,944

14,935

15,765

Accumulated depreciation(9,643)(10,469)

Tools, furniture and fixtures, net

5,292

5,295

17,02917,018

372
452

127
458

(397)

(386)

Tools, furniture and fixtures

Land
Construction in progress
OtherAccumulated depreciation
Other, net

55

71

37,52038,457

Intangible assets
Trademark right

1,162

847

Goodwill
Other

2,054
2,697

1,415
2,922

Total intangible assets

5,914

5,185

Investments and other assets
Investment securities

33

20,519

Shares of subsidiaries and associates
Long-term loans receivable

2,647
1,660

2,647
1,556

Leasehold and guarantee deposits
Deferred tax assets

25,522
3,35725,515
1,064

Other
Allowance for doubtful accounts

639
(17)

641
(16)

Total investments and other assets

33,84551,928

Total property, plant and equipment

Total non-current assets
Total assets

377,280

95,572311,084

308,747

(Millions of yen)
As of February 29, 2020

As of November 30, 2020

Liabilities
Current liabilities
Notes and accounts payable - trade16,413

14,533

Short-term borrowings
Income taxes payable

2,216
7,150

1,570
4,220

Provision for bonuses
Provisions

985
219

1,716
182

23
1,045

13760

Asset retirement obligationsNotes payable - facilities
Other

9,114

11,835

Total current liabilities

37,17034,833Retirement benefit liability
Asset retirement obligations

799
453

944
487

Other

852

836

Non-current liabilities

Total non-current liabilities

2,105

2,268

39,275

37,102

Share capital
Capital surplus

19,972
24,043

19,972
24,043Retained earnings
Treasury shares

219,616(2)

215,867(2)

Total shareholders' equity

263,630

259,8814

5,297

Total liabilities
Net assets
Shareholders' equity

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

7,030

5,212

Total accumulated other comprehensive income

7,035

10,510Non-controlling interests
Total net assets
Total liabilities and net assets

4

1,143

1,253

271,809271,645

311,084

308,747

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)
Nine months ended

Nine months ended

November 30, 2019

November 30, 2020

Net sales
Cost of sales

203,096
95,516

160,430
78,907Gross profit

107,580

81,523

2,753

2,656

Advertising expenses
Storage costs

4,580
2,321

4,232
2,335

Remuneration, salaries and allowances for directors (and otherofficers)

20,19817,522

Bonuses
Provision for bonuses

404
1,648

379
1,716

Retirement benefit expenses
Legal and other welfare expenses

308
3,054

374
2,928

Rent expenses on land and buildings
Depreciation

20,572
3,609

18,173
3,744

Utilities expenses
Commission expenses

1,659
4,944

1,496
4,317

Taxes and dues
Amortization of goodwill

1,353
587

1,134577

Other

6,080

5,063

Total selling, general and administrative expenses

74,07566,65533,504

14,867

137

480–

304
51

Rent Income for house
Advertising medium income

760
29

707
25

Other

425

344

1,354

1,481

Interest expenses
Foreign exchange losses

682

3–

Rental expenses
Other

399
66

362
120

Total non-operating expenses

555

486

34,303

15,862

Selling, general and administrative expenses
Packing and transportation costs

Operating profit
Non-operating income
Interest income
Dividend income
Foreign exchange gains

Total non-operating income
Non-operating expenses

Ordinary profit

5

(Millions of yen)

Extraordinary income
Gain on sales of non-current assets

Nine months ended

Nine months ended

November 30, 2019

November 30, 2020
55

Gain on sales of investment securities
Employment adjustment subsidies for covid19

–
–

420
774

Total extraordinary income

5

1,200

144

131

354
–

272
1,308

Extraordinary losses
Loss on retirement of non-current assets
Impairment loss
Loss due to covid19
Other–

16

499

1,728

Profit before income taxes

33,80915,334

Income taxes - current
Income taxes - deferred10,572
29

4,987
(45)

Total income taxes

10,602

4,942

Profit23,206

10,392

214

110

22,991

10,282

Total extraordinary losses

Profit attributable to non-controlling interests
Profit attributable to owners of parent

6Consolidated statements of comprehensive income (cumulative)(Millions of yen)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income

Nine months ended

Nine months ended

November 30, 2019

November 30, 2020

23,206

10,392(1)(3,850)5,292(1,816)(3,852)

3,475

19,354

13,867

19,172

13,757

182

110

Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

7