Summary of Consolidated Financial Results
for the Three Months Ended May 31, 2021(Q1 FY2022)(Based on Japanese GAAP)
July 14, 2021
Company name:
ABC-MART, INC.
Stock exchange listing: Tokyo
Stock code:
2670
URL https://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:
July 15, 2021
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 three months ended May 31, 2021 (from March 1, 2021 to May 31, 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%Three months ended May 31, 2021
62,62543.6
8,305 255.7
8,653 211.4
5,373 407.7
Three months ended May 31, 2020
43,609 (41.6)
2,334 (83.7)
2,778 (80.8)
1,058 (89.2)(Note) Comprehensive income:Three months ended May 2021 9,366 million yen (883.2%)
Three months ended May 2020 952 million yen (△89.9%)
Earnings per share

Diluted earnings per share

Yen
65.10
12.82

Three months ended May 31, 2021
Three months ended May 31, 2020

Yen––

The quarterly consolidated financial statements for the first quarter of the previous fiscal year have been reclassified. For details, please refer tothe attached document.

(2) Consolidated financial position
Total assets
As of May 31, 2021
As of February 28, 2021
(Reference) Shareholders’ Equity:
As of May 31, 2021

Net assets

Millions of yen
317,813317,832
279,836 million yen

Equity ratio

Millions of yen
281,294
278,943

As of February 28, 2021

Net assets per share
%
88.1
87.3

Yen
3,390.35
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

Yen–

Yen
85.00

Yen
170.0085.00–85.00170.00Year ending February 28, 2022 (Forecast)(None) Revisions to dividend forecasts published most recently: NoneTotal

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
Net sales

Operating profit

Ordinary profit

Millions of yen% Millions of yen% Millions of yen
Six months ending
123,900
21.3
13,30055.8
13,650August 31, 2021
Full year
259,700
17.9
30,40055.8
31,100(None) Revisions to financial forecasts published most recently: None
1Profit% Millions of yen

Earnings per share%Yen

48.5

8,910

60.8

107.9546.1

20,9308.9

253.58

4. Notes(1) Changes in significant subsidiaries during the three months ended May 31, 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:
Restatement of prior period financial statements:

No
No
No

(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of May 31, 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 May 31, 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)
Three months ended May 31, 2021

82,539,176 shares Three months ended May 31, 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. It is possible thatsome 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, 2021
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

As of May 31, 2021

138,669
10,275
7,957
63,3564,997(34)

129,155
13,012
8,228
68,3984,406(47)225,222

223,154

33,283(17,900)

34,292(18,160)

15,382

16,132

16,091

16,806(11,092)(11,732)

4,998

5,074

17,078
221
457
(391)

17,114452
462(399)66

62

37,74838,835

740
1,199
3,126

679
1,084
3,4555,066

5,220

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
OtherAllowance for doubtful accounts

17,161
2,563
1,495
25,453
–
2,523
613
(16)

18,3442,563
1,474
25,889
3
1,721
623
(16)

Total investments and other assets

49,79550,603

Total non-current assets
Total assets

3

92,61094,659317,832

317,813(Millions of yen)
As of February 28, 2021
Liabilities
Current liabilitiesNotes and accounts payable - trade
Short-term borrowings
Income taxes payable
Provision for bonuses
Provisions
Asset retirement obligations
Notes payable - facilities
Other

As of May 31, 2021

14,468
1,232
8,720
996
237
152
782
10,554

16,291
1,481
3,109
1,737
199
177
1,386
10,260Total current liabilities

37,14534,644Non-current liabilities
Retirement benefit liability
Asset retirement obligations
Other

552
359
831

700
352
821

1,743

1,875

Total liabilities

Total non-current liabilities

38,88836,519Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares

19,972
24,043
224,811(2)

19,972
24,043
223,169(2)

268,825

267,183

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

2,229
6,569

4,071
8,581

Total accumulated other comprehensive income

8,799

12,653

Total shareholders' equity

Non-controlling interests
Total net assets
Total liabilities and net assets

4

1,318

1,457

278,943

281,294

317,832

317,813

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)Three months ended
May 31, 2020Three months ended
May 31, 2021

Net sales
Cost of sales

43,60921,11062,62529,601Gross profit

22,49833,024

775
1,413
784

964
1,701
752

5,288

6,499

–710
119
1,049

0
777
193
951

Rent expenses on land and buildings
Depreciation
Utilities expenses
Commission expenses
Taxes and dues
Amortization of goodwill
Other

5,019
1,115
428
1,273
373
195
1,616

6,692
1,273
461
1,724
401
190
2,135

Total selling, general and administrative expenses

20,164

24,719

2,334

8,305

Non-operating income
Interest income
Dividend income
Foreign exchange gains
Rent Income for house
Advertising medium income
Other

30
222–
238
8115

18
25
108
266
876

Total non-operating income

615

503

142
114
110–
144
10170

154

2,778

8,653

Selling, general and administrative expenses
Packing and transportation costs
Advertising expenses
Storage costs
Remuneration, salaries and allowances for directors (and otherofficers)
Bonuses
Provision for bonusesRetirement benefit expenses
Legal and other welfare expenses

Operating profit

Non-operating expenses
Interest expenses
Foreign exchange losses
Rental expenses
OtherTotal non-operating expenses
Ordinary profit

5

(Millions of yen)Three months ended
May 31, 2020
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
Total extraordinary losses

Three months endedMay 31, 2021
1–––
740

175

33
3998

59
25
103

1,035

188

Profit before income taxes

1,744

8,540

Income taxes - current
Income taxes - deferred

686
(56)

3,111
(9)

Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

6630

3,102

1,114

5,437

56

64

1,058

5,373

Consolidated statements of comprehensive income (cumulative)(Millions of yen)Three months ended
May 31, 2020
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 of parent
Comprehensive income attributable to non-controllinginterests

7

Three months ended
May 31, 2021

1,114

5,437

1,969
(2,131)

1,841
2,086(162)

3,928

952

9,366

909

9,227

42138