Summary of Consolidated Financial Results
for the Nine Months Ended November 30, 2021(Q3 FY2022)(Based on Japanese GAAP)

January 12, 2022

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 13, 2022
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, 2021 (from March 1, 2021 to November 30, 2021)(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%
180,571
12.6
19,84533.5
20,47529.1
14,39440.0
160,430 (21.0)
14,867 (55.6)
15,862 (53.8)
10,282 (55.3)

Nine months ended November 30, 2021
Nine months ended November 30, 2020
(Note) Comprehensive income:Nine months ended November 30, 2021 16,473 million yen (18.8%)

Nine months ended November 30, 2020 13,867 million yen (△28.3%)

Earnings per share

Diluted earnings per shareYen
174.40124.57

Nine months ended November 30, 2021
Nine months ended November 30, 2020

Yen––(2) Consolidated financial position
Total assets
As of November 30, 2021As of February 28, 2021
(Reference) Shareholders’ Equity:
As of November 30, 2021

Net assets

Millions of yen
316,718
317,832

Equity ratio

Millions of yen
281,385
278,943

279,916 million yen

As of February 28, 2021

Net assets per share%
88.4
87.3

Yen
3,391.31
3,363.55

277,624 million yen

2. Cash dividends
Annual dividends per share

Year ended February 28, 2021
Year ending February 28, 2022

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen
––Yen
85.00
85.00

Yen––Yen
85.00

Yen170.00

85.00

170.00Year ending February 28, 2022 (Forecast)(Note) Revisions to dividend forecasts published most recently: NoTotal

3. Forecast of consolidated financial results for the year ending February 28, 2022 (from March 1, 2021 to February 28, 2022)
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
254,600
15.6
30,40055.8
31,20046.6
20,9509.0
253.82(Note) Revisions to financial forecasts published most recently: No1

4. Notes(1) Changes in significant subsidiaries during the nine months ended November 30, 2021
(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:No
Changes 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, 2021

82,539,646 shares As of February 28, 2021

82,539,646 shares

Number of treasury shares at the end of the period
As of November 30, 2021

470 shares As of February 28, 2021

470 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended November 30, 2021

82,539,176 shares Nine months ended November 30, 2020

82,539,176 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, 2022 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, 2021

As of November 30, 2021

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade138,669
10,275

126,721
14,807

Securities
Inventories

7,957
63,356

9,944
65,399Other
Allowance for doubtful accounts

4,997
(34)

5,209
(67)

225,222

222,01333,283(17,900)

35,424(18,829)

15,382

16,59416,091(11,092)

17,212(12,444)

4,998

4,767

17,078221

16,518
2,910

457
(391)

462
(400)

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

66

62

37,74840,854

Trademark right
Goodwill

740
1,199

486
695

Other

3,126

3,805

Total intangible assets

5,066

4,987

Investment securities
Shares of subsidiaries and associates

17,161
2,563

16,601
2,563

Long-term loans receivable
Leasehold and guarantee deposits

1,495
25,453

1,471
25,503

Deferred tax assets
Other2,523
613

2,241
496

Total property, plant and equipment
Intangible assets

Investments and other assets

Allowance for doubtful accounts

(16)

(16)

Total investments and other assets

49,79548,862

Total non-current assets
Total assets

3

92,61094,704

317,832

316,718

(Millions of yen)
As of February 28, 2021

As of November 30, 2021

Liabilities
Current liabilities
Notes and accounts payable - trade14,46815,279

Short-term borrowings
Income taxes payable

1,232
8,720

1,765
2,496

Provision for bonuses
Provisions

996
237

1,798
197

Asset retirement obligations
Notes payable - facilities

152
782

178
829

Other

10,554

10,834

Total current liabilities

37,14533,380

552
359

790
348

Non-current liabilities
Retirement benefit liability
Asset retirement obligations
Other

831

813

1,743

1,952

38,88835,332

Share capital
Capital surplus

19,972
24,043

19,972
24,043Retained earnings
Treasury shares

224,811(2)

225,175(2)

Total shareholders' equity

268,825

269,189

Total non-current liabilities
Total liabilities
Net assetsShareholders' equity

Accumulated other comprehensive income
Valuation difference on available-for-sale securities

2,229

3,069

Foreign currency translation adjustment

6,569

7,657

Total accumulated other comprehensive income

8,799

10,727

1,318

1,469

278,943

281,385

317,832

316,718

Non-controlling 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

Nine months ended

November 30, 2020

November 30, 2021

Net sales
Cost of sales

160,430
78,907

180,571
87,601Gross profit

81,523

92,970

Selling, general and administrative expenses
Packing and transportation costs

2,656

2,812

Advertising expenses
Storage costs

4,232
2,335

4,733
2,121

Remuneration, salaries and allowances for directors (and otherofficers)

17,522

19,074

Bonuses
Provision for bonuses

379
1,716

388
1,797

Retirement benefit expenses
Legal and other welfare expenses

374
2,928

550
2,957

Rent expenses on land and buildings
Depreciation18,173
3,744

20,166
4,025

Utilities expenses
Commission expenses

1,496
4,317

1,530
5,066

Taxes and dues
Amortization of goodwill

1,134
577

1,232
583

Other

5,063

6,082

Total selling, general and administrative expenses

66,65573,124

14,867

19,845

Operating profit
Non-operating income
Interest income

4849

Dividend income
Foreign exchange gains

304
51

90
8

Rent Income for house
Advertising medium income

707
25783
25

Other

344

180

1,481

1,139

Interest expenses
Rental expenses

3362

18463

Other

120

27

Total non-operating income
Non-operating expenses

Total non-operating expenses
Ordinary profit

5486

509

15,862

20,475

(Millions of yen)

Extraordinary income
Gain on sales of non-current assets
Gain on sales of investment securities
Employment adjustment subsidies for covid19
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Impairment loss
Loss due to covid19
Other
Total extraordinary losses

Nine months ended

Nine months ended

November 30, 2020

November 30, 2021
5803

420
774

74
502

1,200

1,381

131

149

272
1,308

190
285

16–

1,728624

Profit before income taxes

15,334

21,231

Income taxes - current
Income taxes - deferred

4,987
(45)

6,906
(97)

Total income taxes

4,942

6,808

Profit10,392

14,423110

28

10,282

14,394

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

Nine months ended

Nine months ended

November 30, 2020

November 30, 2021

10,392

14,423

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

5,292(1,816)839
1,210

Total other comprehensive income

3,475

2,050

13,867

16,473

13,757

16,322110

150

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

7