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 28, 2023
[Japanese GAAP]
April 12, 2023
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 30, 2023
Scheduled date of commencing dividend payments: May 31, 2023
Scheduled date of filing annual securities report: May 31, 2023
Availability of supplementary briefing material on annual financial results: Yes
Schedule of annual financial results briefing session: Yes(Amounts of less than one millions of yen are rounded down.)
1. Consolidated Financial Results for the Fiscal Year Ended February 28, 2023 (March 1, 2022 to February 28, 2023)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable to
Net sales
Operating profit
Ordinary profit
owners of parent
Fiscal year ended
February 28, 2023

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

290,07718.9

42,30154.1

43,36053.4

30,256

74.1

February 28, 2022
(Note) Comprehensive income:

243,946
10.8
27,44640.7
28,260
32.8
Fiscal year ended February 28, 2023:¥
40,055 million [Fiscal year ended February 28, 2022:¥
19,945 million [Basic earnings per Diluted earnings per Rate of return on Ordinary profit to
share
share
equitytotal assets ratio

Yen
Fiscal year ended
February 28, 2023
366.57
February 28, 2022
210.60(Reference) Equity in earnings (losses) of affiliated companies:

Yen%

17,382(9.6)
100.8%](5.8) %]
Operating profit to
net sales ratio

%

%

10.2
12.9
14.6
6.2
8.9
11.3
Fiscal year ended February 28, 2023:¥- million
Fiscal year ended February 28, 2022:¥- million(Note)“Accounting Standard for Revenue Recognition” (ASBJ Statement No.29, March 31, 2020), etc., are applied from the
beginning of the first quarter of the consolidated fiscal year ended February 28, 2023.
(2) Consolidated Financial Position
Total assets
As ofFebruary 28, 2023
February 28, 2022
(Reference) Equity:

Net assets

Millions of yen

355,850
317,720
As of February 28, 2023:
As of February 28, 2022:(3) Consolidated Cash Flows
Cash flows fromoperating activities
Fiscal year ended
February 28, 2023
February 28, 2022
2. Dividends

Capital adequacy ratio

Millions of yen¥¥

310,974
284,881309,095 million
283,298 million

Cash flows frominvesting activities

Fiscal year ending
February 29, 2024
(Forecast)

Yen

86.9
89.2

3,744.84
3,432.30

Cash flows fromfinancing activities

Cash and cash
equivalents at the endof period

Millions of yen

Millions of yen

Millions of yen

Millions of yen

10,88225,157(9,003)(7,458)(9,358)(13,918)

148,224
151,770

Annual dividends
1st
2nd
3rd
quarter-end quarter-end quarter-end Year-end
Fiscal year ended
February 28, 2022
February 28, 2023

Net assets per share%

Payoutratio

Dividends
to netassetsTotal
dividends(consolidated)

Yen Millions of yen

%

%

80.7
46.4

5.0
4.7

Total

Yen

Yen

Yen

Yen

-

85.00
85.00

-

85.00
85.00

170.00170.00

-

85.00

-

85.00

170.0014,031
14,031

46.2(consolidated)3. Consolidated Financial Results Forecast for the Fiscal Year Ending February 29, 2024 (March 1, 2023 to February 29, 2024)(% 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
153,900
13.0
23,00015.0
23,50014.6
16,19021.6
196.1531, 2023
Full year
311,500
7.4
44,0004.0
44,9003.6
30,4000.5
368.31* 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 28, 2023:
82,539,646 shares
February 28, 2022:
82,539,646 shares
2) Number of treasury shares at the end of the period:
February 28, 2023:
588 shares
February 28, 2022:
472 shares
3) Average number of shares outstanding during the period:
Fiscal Year ended February 28, 2023:
82,539,119 sharesFiscal Year ended February 28, 2022:
82,539,175 shares(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the Fiscal Year Ended February 28, 2023 (March 1, 2022 to February 28, 2023)(1) Non-consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales
Operating profit
Ordinary profit
Net income
Millions of yen%
Millions of yen%
Millions of yen%
Millions of yen%
Fiscal year ended
February 28, 2023
197,982
16.6
34,76538.8
36,142
37.5
24,46948.7
February 28, 2022
169,776
11.8
25,05348.9
26,28638.0
16,452(11.6)
Basic earnings per share Diluted earnings per share
Fiscal year ended
February 28, 2023
February 28, 2022

Yen

Yen

296.46199.33-(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 28, 2023
297,166
262,65088.4
3,182.14
February 28, 2022
272,980
248,14490.9
3,006.38(Reference) Equity: As of February 28, 2023:¥
262,650 million
As of February 28, 2022:¥
248,144 million
2. Non-consolidated Financial Results Forecast for the Fiscal Year Ending February 29, 2024 (March 1, 2023 to February 29, 2024)(% indicates changes from the previous corresponding period.)
Net sales
Ordinary profit
Net income
Basic earnings per share
Six months ending August
31, 2023
Full year

Millions of yen%

Millions of yen%

Millions of yen%

Yen

102,070

6.8

19,33010.0

13,09014.6

158.59203,100

2.6

36,7001.5

24,9001.8

301.68THIS QUARTERLY CONSOLIDATED FINANCIAL RESULTS STATEMENT IS EXEMPT FROM THE QUARTERLYREVIEWPROCEDURES .
FORWARD LOOKING STATEMENTS AND OTHER SPECIAL ITEMSThe forecast for the year ending February 29, 2024 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, 2022
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
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

As of February 28, 2023

141,767
11,091
10,181
59,8474,180(145)
226,923

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

34,711(19,233)
15,478
17,116(12,757)
4,359
19,198
293
438
(394)
44
39,37336,216(20,329)
15,887
19,350(15,197)
4,153
19,310
610
461
(389)
71
40,033

393
509
3,935
4,837

162
80
4,386
4,629

14,567609
1,450
25,960
1
3,416
596
(16)
46,58590,796
317,720

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

(Millions of yen)
As of February 28, 2022
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

As of February 28, 2023

13,161
1,350
4,884
984
226
205
933
9,521
31,26812,484
5,959
9,330
1,039
1,037
301
208
3,974
9,277
43,613

313
345
911
1,570
32,838

156
395
710
1,263
44,876

19,972
24,043
228,162(2)
272,176

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

1,991

6,060

9,131
11,122
1,582
284,881
317,720

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

Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income(Millions of yen)
For the fiscal year
ended February 28, 2022
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

For the fiscal year
ended February 28, 2023

243,946
119,058
124,887

290,077
140,480
149,597

6,274
3,693
2,751

6,525
3,993
2,812

25,72028,400

1,723
982
461
3,926
27,207
5,472
2,075
6,724
1,648
786
7,990
97,44027,446

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

47
131
6
1,049
34
232
1,501

152
426
821
34
298
1,733

20
630
36
687
28,260

11
148
463
51
674
43,360(Millions of yen)
For the fiscal year
ended February 28, 2022
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Gain on sale of securities
Employment adjustment subsidies for covid19
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 28, 2023

821
74
608
1,505

21
758
56
835

208

208

1,954

-

273
1,194
294
3,925
25,840
9,078
(711)
8,367
17,47390
17,382

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

Consolidated Statements of Comprehensive Income(Millions of yen)
For the fiscal year
ended February 28, 2022
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

For the fiscal year
ended February 28, 2023

17,47330,408

(263)
2,735
2,472
19,945

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

19,681

39,828264226

Consolidated Statements of Changes in Equity
For the fiscal year ended February 28, 2022
(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

224,811(2)

Total shareholders'equity268,825(14,031)(14,031)

17,382

17,382
(0)

(0)
-

-

-

3,350

(0)

3,350

19,972

24,043

228,162(2)

272,176

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

2,229

6,569

8,799

Non-controllinginterests

Total net assets

1,318

278,943-(14,031)-

17,382

-

(0)

(238)

2,561

2,323

264

2,587

(238)

2,561

2,323

264

5,938

1,991

9,131

11,122

1,582

284,881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

310,974

Consolidated Statements of Cash Flows(Millions of yen)
For the fiscal year
ended February 28, 2023

For the fiscal year
ended February 28, 2022
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 investment securities
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
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Purchase of short-term and long-term investment
securities
Proceeds from sale of short-term and long-term
investment securities
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
Cash and cash equivalents at end of period

25,840
5,671
(15)
102
(179)
20
(15)
(74)
273

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

1,954

-

(613)

187

1,194
587

986
(2,938)4,746(1,455)(405)
37,633528(18)(12,985)
25,157(26,608)
1,584(1,486)
19,081385(11)(8,572)
10,882(8,383)
1,950(1,595)(5,368)44(1,501)(1,017)

-

2,358

-

(176)
(200)
189
(1,445)(210)(3,360)1,949(1,569)

997

1,303

(161)
27
(7,458)(297)
4(9,003)108(14,026)

4,605(14,027)

-

63

(0)
(13,918)(1)(9,358)

1,535

3,934

5,316
146,454
151,770(3,545)
151,770
148,224

Non-consolidated Financial Statements
Non-consolidated Balance Sheets(Millions of yen)
As of February 28, 2022
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Securities
Merchandise
Raw materials
Other
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
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
Total investments and other assets
Total non-current assets
Total assets

As of February 28, 2023

124,026
5,155
10,181
38,921
3,873
182,158

121,336
7,239
9,529
53,003
138
12,027203,274

14,153
1,468
16,689237
37
32,586

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

2,352

2,710

14,567
21,4781,780
14,671
2,813
571
55,88290,822272,980

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

(Millions of yen)
As of February 28, 2022
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

As of February 28, 2023

5,974
4,509
1,274
4,336
945
933
6,226
24,201

4,488
4,399
5,913
7,980
448
981
3,974
5,588
33,775635
635
24,836740
740
34,516

19,972

19,972

23,97863
24,042

23,97863
24,04255

55

202,084
202,140(2)
246,153

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

1,991

6,060

1,991
248,144
272,980

6,060
262,650
297,166

Non-consolidated Statements of Income(Millions of yen)
For the fiscal year
ended February 28, 2022
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
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Gain on sale of securities
Employment adjustment subsidies for covid19
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
Profit

For the fiscal year
ended February 28, 2023

169,776
75,95593,821
68,76725,053

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

297
9
965
34
203
1,510

659
955
34
182
1,831

3
254
20
278
26,286

10
107
271
66
455
36,142

821
74
565
1,462

17
758
56
832

153

179

1,954

-

273
1,014
294
3,690
24,058
8,174
(569)
7,605
16,452

305
848
34
0
1,367
35,607
11,597(459)
11,13824,469Non-consolidated Statements of Changes in Equity
For the fiscal year ended February 28, 2022
(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

199,663(14,031)
16,452
-

-

-

-

-

2,420

19,972

23,97863

24,04255

202,084

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
forward199,719(2)

243,732

2,229

2,229

245,962(14,031)(14,031)(14,031)

16,452

16,452

16,452

-

(0)

-

(0)

-

(0)

-

(238)

(238)

(238)

2,420

(0)

2,420

(238)

(238)

2,182

202,140(2)

246,153

1,991

1,991

248,144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

262,650