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 Three Months Ended May 31, 2023
[Japanese GAAP]
July 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 filing quarterly securities report: July 13, 2023
Scheduled date of commencing dividend payments: Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly 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 Three Months Ended May 31, 2023 (March 1, 2023 to May 31, 2023)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)Profit attributable toOperating profit
Ordinary profit
owners of parent

Net sales

Millions of yen% Millions of yen
Three months ended
May 31, 2023
88,57928.1
16,890
May 31, 2022
69,171
10.5
10,533(Note) Comprehensive income:Three months ended May 31, 2023:% Millions of yen

60.4
26.8

Three months ended May 31, 2022:
Basic earnings
per share
Three months ended
May 31, 2023
May 31, 2022
(2) Consolidated Financial Position¥¥

11,610 million%

11,907
69.7
7,017
30.6
[(16.9) %][24.0%]

Diluted earnings pershare
YenYen144.26
85.02-Total assets
As ofMay 31, 2023
February 28, 2023
(Reference) Equity:% Millions of yen

17,473
62.3
10,76324.4
9,642 million

Net assets

Millions of yen

Capital adequacy ratio

Millions of yen

364,372
355,850
As of May 31, 2023:
As of February 28, 2023:¥¥%313,064
310,974
311,100 million
309,095 million

85.4
86.9

2. Dividends
Annual dividends
3rdquarter-end

1stquarter-end

2ndquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended February 28, 2023
85.00
Fiscal year ending February 29, 2024
Fiscal year ending February 29, 2024
85.00
(Forecast)(Note) Revision to the forecast for dividends announced most recently:
Yes

-

85.00

170.00-29.00-Year-end

Total(Note) The Company plans to conduct a 3-for-1 stock split of shares of common stock, effective September 1, 2023.
Therefore, the year-end dividend per share for the fiscal year ending February 29, 2024 (forecast) takes into account the effect of
this stock split. If the stock split is not taken into account, the year-end dividend per share for the fiscal year ending February
29, 2024 (forecast) will be 87 yen.

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
Net sales
Operating profit
Ordinary profit
to owners of parent
per share
Millions of yen% Millions of yen% Millions of yen% 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
44,9003.630,400
0.5122.77(Note) Revision to the financial results forecast announced most recently:
No(Note) Net income per share in the forecast for the fiscal year ending February 29, 2024 (full year) takes into account the effect of thestock split. Without considering the stock split, net income per share in the earnings forecast (full year) for the fiscal year ending
February 29, 2024 is 368.31 yen.
* Notes:(1) Changes in significant subsidiaries during the three months ended May 31, 2023
(changes in specified subsidiaries resulting in changes in scope of consolidation):New(Company name:Exclusion:(Company name:No(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:))Yes(3) 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(4) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):May 31, 2023:
82,539,646 shares
February 28, 2023:
82,539,646 shares
2) Number of treasury shares at the end of the period:
May 31, 2023:
684 shares
February 28, 2023:
588 shares
3) Average number of shares outstanding during the period:
Three months ended May 31, 2023:
Three months ended May 31, 2022:

82,538,996 shares
82,539,160 shares

THIS QUARTERLY CONSOLIDATED FINANCIAL RESULTS STATEMENT IS EXEMPT FROM THE QUARTERLYREVIEW PROCEDURES.
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 possiblethat some uncertain factors will cause the Company's future performance to differ significantly from the contents of forecast.

Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Millions of yen)
As of February 28, 2023
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Securities
Inventories
OtherAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, netTools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, netLand
Construction 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

As of May 31, 2023

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

136,842
18,186
9,871
97,1687,813(188)
269,694

36,216(20,329)
15,887
19,350(15,197)
4,153
19,310
610
461
(389)
71
40,033

38,114(20,984)
17,13019,868(15,538)
4,329
19,277
637
463
(396)
67
41,442

162
3,187
80
1,199
4,629

145
3,746
302
609
4,804

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

16,633609
219
27,298155
2,923
627(37)48,43094,678364,372(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

As of May 31, 2023

12,484
5,959
9,330
1,039
1,037
301
208
3,974
9,277
43,61322,312
4,015
6,584
1,014
1,788
279
292
842
12,37649,506

156
395
710
1,263
44,876

164
439
1,196
1,801
51,307

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

19,972
24,043248,742(4)
292,755

6,060

4,631

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

13,714
18,345
1,963
313,064
364,372

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the three months)(Millions of yen)
For the three months
ended May 31, 2022
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Packing and transportation costs
Advertising expenses
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 three months
ended May 31, 2023

69,17132,36536,806

88,57941,77046,809

974
1,490
688

1,094
1,583
879

6,848

8,007

0
778
233
1,065
7,443
1,354
562
1,975
393
209
2,253
26,273
10,533

0
773
157
1,209
8,513
1,315
713
2,516
528
31
2,594
29,91916,890

27
66
236
8
44
382

125
158
129
186
876
685

1
5
108
36
152
10,763286
12
101
17,473

(Millions of yen)
For the three months
ended May 31, 2022
Extraordinary income
Gain on sale of non-current assets
Employment adjustment subsidies for covid19
Total extraordinary incomeExtraordinary losses
Loss on retirement of non-current assets
Loss on valuation of investment securities
Impairment losses
Loss due to covid19
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 three months
ended May 31, 2023

13
4255

7745
305
17
19
388
10,431
3,351(10)
3,340
7,090
73
7,017

72
31
103
17,3785,464(57)
5,407
11,97063
11,907

Quarterly Consolidated Statements of Comprehensive Income (For the three months)(Millions of yen)
For the three months
ended May 31, 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 ofparent
Comprehensive income attributable to non-controllinginterests

For the three months
ended May 31, 2023
7,090

11,970

1,935
2,583
4,519
11,610(1,429)(898)(2,328)
9,642

11,4839,557

12684