エービーシー・マート（2670） – [Delayed]Summary of Consolidated Financial Results for the Year Ended February 28, 2022

April 13, 2022Summary of Consolidated Financial Results for the Year Ended February 28, 2022(FY2022) (Based on Japanese GAAP) URL http://www.abc-mart.co.jp/ir/ ABC-MART, INC. 2670 President and Representative Director Director, Corporate Planning Office Manager Jo Kojima Company name: Stock exchange listing: Tokyo Stock code: Representative: Inquiries: Scheduled date of ordinary general meeting of shareholders: Scheduled date to file Securities Report: Scheduled date to commence dividend payments: Preparation of supplementary material on financial results: Holding of financial results meeting: 1. Consolidated financial results for the year ended February 28, 2022 (from March 1, 2021 to February 28, 2022) May 26, 2022 May 30, 2022 May 27, 2022 Yes Yes Minoru Noguchi (for institutional investors and analysts) TEL 03-3476-5452 (Amounts less than one million yen are rounded down)(1) Consolidated operating results Year ended February 28, 2022 Year ended February 28, 2021 (Note) Comprehensive income: Net sales Operating profit Ordinary profit Millions of yen 243,946 220,267 % Millions of yen 27,446 19,513 10.8 (19.1)% Millions of yen 28,260 21,283 40.7 (55.0)% Millions of yen 17,382 19,226 32.8 (52.0)% (9.6)(35.3)Percentages indicate year-on-year changesProfit attributable to owners of parent Year ended February 2022 19,945 million yen (-5.8%) Year ended February 2021 21,165 million yen (-24.9%) Earnings per share Diluted earnings per share Ordinary profit/total assets Operating profit/net sales Profit attributable to owners of parent/equity Yen 210.60 232.94 Yen – – % 6.2 7.0 % 8.9 6.8 % 11.3 8.9 (Reference) Equity in earnings of affiliated companies: Year ended February 2022 – million yen Year ended February 2021 – million yen Total assets Net assets Equity ratio Net assets per share Millions of yen 317,720 317,832 Millions of yen 284,881 278,943 % 89.2 87.3 Yen 3,432.30 3,363.55 (Reference) Shareholders’ Equity: As of February 28, 2022 283,298 million yen (3) Consolidated cash flows As of February 28, 2021 277,624 million yen Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Cash and cash equivalents at end of period Millions of yen 25,157 23,487 Millions of yen (7,458)(11,316)Millions of yen (13,918)(15,016)Millions of yen 151,770 146,454 Annual dividends per share 1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end Yen 85.00 85.00 Yen 85.00 85.00 Yen – – Yen – – Total Total cash dividends (Total) Dividend payout ratio (Consolidated) Yen Millions of yen 14,031 14,031 170.00 170.00 – 85.00 – 85.00 170.00 Ratio of dividends to net assets (Consolidated) % 5.1 5.0 % 73.0 80.7 – Year ended February 28, 2022 Year ended February 28, 2021 (2) Consolidated financial position As of February 28, 2022 As of February 28, 2021 Year ended February 28, 2022 Year ended February 28, 2021 2. Cash dividends Year ended February 28, 2021 Year ended February 28, 2022 Year ending February 28, 2023 (Forecast) 3. Forecast of consolidated financial results for the year ending February 28, 2023 (from March 1, 2022 to February 28, 2023) Net sales Operating profit Ordinary profit Millions of yen % Millions of yen % Millions of yen % Millions of yen 132,200 9.0 15,900 11.1 16,000 8.4 10,500 271,700 11.4 32,000 16.6 32,200 13.9 20,900 20.2 Percentages indicate year-on-year changesProfit attributable to owners of parent Earnings per share % 0.4 Yen 127.21 253.21 Six months ending August 31, 2022 Full year 1 4. Notes (1) Changes in significant subsidiaries during the year ended February 28, 2022 (changes in specified subsidiaries resulting in the change in scope of consolidation): (2) 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: Changes in accounting policies due to other reasons: Changes in accounting estimates: Restatement of prior period financial statements: No No No No No (3) Number of issued shares (common shares) Total number of issued shares at the end of the period (including treasury shares) As of February 28, 2022 Number of treasury shares at the end of the period As of February 28, 2022 Average number of shares during the period Year ended February 28, 2022 82,539,646 shares As of February 28, 2021 82,539,646 shares 472 shares As of February 28, 2021 470 shares 82,539,175 shares Year ended February 28, 2021 82,539,176 shares (Reference) Summary of Nonconsolidated Financial Statements 1. Nonconsolidated financial results for the year ended February 28, 2022 (from March 1, 2021 to February 28, 2022) (1) Nonconsolidated operating results Year ended February 28, 2022 Year ended February 28, 2021 Net sales Millions of yen 169,776 151,909 Percentages indicate year-on-year changesOperating income Ordinary income Net income % Millions of yen 25,053 16,828 11.8 (21.7) % Millions of yen 26,286 19,043 48.9 (55.8) % Millions of yen 16,452 18,611 38.0 (51.9) % (11.6) (31.3) Net income per share Diluted net income per share Yen 199.33 225.49 Yen – – Year ended February 28, 2022 Year ended February 28, 2021 (2) Nonconsolidated financial position As of February 28, 2022 As of February 28, 2021 Total assets Net assets Equity ratio Net assets per share Millions of yen 272,980 278,123 Millions of yen 248,144 245,962 % 90.9 88.4 Yen 3,006.38 2,979.94 As of February 28, 2022 248,144 million yen (Reference) Shareholders’ Equity: 2. Forecast of nonconsolidated financial results for the year ending February 28, 2023 (from March 1, 2022 to February 28, 2023) As of February 28, 2021 245,962 million yen Net income Millions of yen Net sales Millions of yen Ordinary income Millions of yen % % % Percentages indicate year-on-year changesNet income per share Six months ending August 31, 2022 Full year 90,430 181,700 6.5 7.0 14,200 28,200 9.9 7.3 9,450 2.1 18,750 14.0 Yen 114.49 227.16 THIS CONSOLIDATED FINANCIAL RESULTS STATEMENT AND THIS FINANCIAL RESULTS STATEMENT ARE EXEMPT FROM THE AUDIT PROCEDURES. FORWARD LOOKING STATEMENTS AND OTHER SPECIAL ITEMS The forecast for the year ending February 28, 2023 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 the contents of forecast. 2 As of February 28, 2021 As of February 28, 2022 (Millions of yen) 138,669 10,275 7,957 63,356 4,997 (34) 225,222 33,283 (17,900) 15,382 16,091 (11,092) 4,998 17,078 221 457 (391) 66 37,748 740 1,199 3,126 5,066 17,161 2,563 1,495 25,453 – 2,523 613 (16) 49,795 92,610 317,832 141,767 11,091 10,181 59,847 4,180 (145) 226,923 34,711 (19,233) 15,478 17,116 (12,757) 4,359 19,198 293 438 (394) 44 39,373 393 509 3,935 4,837 14,567 609 1,450 25,960 1 3,416 596 (16) 46,585 90,796 317,720 Consolidated financial statements Consolidated balance sheets Assets Current 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 Land Construction 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 3 As of February 28, 2021 As of February 28, 2022 (Millions of yen) Liabilities Current liabilities Notes and accounts payable – trade Short-term borrowings Income taxes payable 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-sale securities Foreign currency translation adjustment Total accumulated other comprehensive income Non-controlling interests Total net assets Total liabilities and net assets 14,468 1,232 8,720 996 237 152 782 10,554 37,145 552 359 831 1,743 38,888 19,972 24,043 224,811 (2) 268,825 2,229 6,569 8,799 1,318 278,943 317,832 13,161 1,350 4,884 984 226 205 933 9,521 31,268 313 345 911 1,570 32,838 19,972 24,043 228,162 (2) 272,176 1,991 9,131 11,122 1,582 284,881 317,720 4Consolidated statements of income and consolidated statements of comprehensive income Consolidated statements of income Fiscal year ended February 28, 2021 Fiscal year ended February 28, 2022 (Millions of yen) 220,267 110,004 110,262 3,594 6,239 3,037 23,877 1,752 995 294 3,834 24,788 5,103 1,989 5,857 1,608 764 7,010 90,748 19,513 59 695 315 968 34 367 6 516 147 671 2,441 243,946 119,058 124,887 3,693 6,274 2,751 25,720 1,723 982 461 3,926 27,207 5,472 2,075 6,724 1,648 786 7,990 97,440 27,446 47 131 6 1,049 34 232 1,501 20 630 36 687 21,283 28,260 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 Total selling, general and administrative expenses 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 Operating profit Non-operating income Interest income Dividend income Foreign exchange gains Rent Income Advertising medium income Other Total non-operating income Non-operating expenses Interest expenses Rental expenses Other Total non-operating expenses Ordinary profit 5 Fiscal year ended February 28, 2021 Fiscal year ended February 28, 2022 (Millions of yen) Extraordinary income Gain on sale of non-current assets Gain on sale of investment securities Employment adjustment subsidies for covid19 Total extraordinary income Extraordinary losses Loss on retirement of non-current assets Impairment losses Loss on valuation of investment securities Loss on valuation of shares of subsidiaries and associates Loss due to covid19 Other Total extraordinary losses Profit before income taxes Income taxes – current Income taxes – deferred Total income taxes Profit Profit attributable to non-controlling interests Profit attributable to owners of parent 5 9,221 849 10,076 210 628 – – 1,389 16 2,245 29,115 9,874 (144) 9,729 19,385 159 19,226 821 74 608 1,505 208 1,194 273 1,954 294 – 3,925 25,840 9,078 (711) 8,367 17,473 90 17,382 6Consolidated statements of comprehensive income Fiscal year ended February 28, 2021 Fiscal year ended February 28, 2022 (Millions of yen) Profit Other comprehensive income Valuation difference on available-for-sale securities Foreign currency translation adjustment Total other comprehensive income Comprehensive income Comprehensive income attributable to Comprehensive income attributable to owners of parent Comprehensive income attributable to non-controlling interests 19,385 2,225 (445) 1,779 21,165 20,990 174 17,473 (263) 2,735 2,472 19,945 19,681 264 7Consolidated statements of changes in equity Fiscal year ended February 28, 2021 Share capital Capital surplus Retained earnings Treasury shares Shareholders’ equity (Millions of yen) Total shareholders’ equity Balance at beginning of period 19,972 24,043 219,616 (2) 263,630 – – – – 4 – – Changes during period Dividends of surplus Profit attributable to owners of parent Net changes in items other than shareholders’ equity Total changes during period Balance at beginning of period Changes during period Dividends of surplus Profit attributable to owners of parent Net changes in items other than shareholders’ equity Total changes during period Balance at end of period 2,225 2,225 2,229 (461) (461) 6,569 (14,031) 19,226 – 5,195 224,811 – – 1,764 1,764 8,799 – – – – (2) – – 174 174 1,318 (14,031) 19,226 – 5,195 268,825 271,809 (14,031) 19,226 1,939 7,134 278,943 Balance at end of period 19,972 24,043 Accumulated other comprehensive income Valuation difference on available-for-sale securities Foreign currency translation adjustment Total accumulated other comprehensive income Non-controlling interests Total net assets 7,030 7,035 1,143 – – – – – – 8 Fiscal year ended February 28, 2022 Share capital Capital surplus Retained earnings Treasury shares Shareholders’ equity (Millions of yen) Total shareholders’ equity Balance at beginning of period 19,972 24,043 224,811 – – – – – – – – Changes during period Dividends of surplus Profit attributable to owners of parent Purchase of treasury shares Net changes in items other than shareholders’ equity Total changes during period Changes during period Dividends of surplus Profit attributable to owners of parent Purchase of treasury shares Net changes in items other than shareholders’ equity Total changes during period Balance at end of period (14,031) 17,382 3,350 228,162 – – – – – (2) – – (0) – (0) (2) – – – 264 264 1,582 268,825 (14,031) 17,382 (0) – 3,350 272,176 (14,031) 17,382 (0) 2,587 5,938 284,881 Balance at end of period 19,972 24,043 Accumulated other comprehensive income Valuation difference on available-for-sale securities Foreign currency translation adjustment Total accumulated other comprehensive income Non-controlling interests Total net assets Balance at beginning of period 2,229 6,569 8,799 1,318 278,943 (238) (238) 1,991 2,561 2,561 9,131 2,323 2,323 11,122 – – – – – – – – 9Consolidated statements of cash flows (Millions of yen) Fiscal year ended February 28, 2021 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 Loss (gain) on valuation of securities Foreign exchange losses (gains) Loss (gain) on sale of investment securities Loss on valuation of shares of subsidiaries and associates Loss (gain) on sale and retirement of non-current assets Impairment losses Decrease (increase) in trade receivables Decrease (increase) in inventories Increase (decrease) in trade payables Other, net Subtotal Interest 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 Net cash provided by (used in) investing activities Cash flows from financing activities Net increase (decrease) in short-term borrowings Other payments Other proceeds Dividends paid 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 10 29,115 5,406 10 (0) (755) 6 – (281) (9,221) – 204 628 239 4,253 (1,177) 2,919 31,347 397 (5) (8,251) 23,487 (5,367) 12 (1,237) (93,586) 88,944 (96) (100) 269 (1,478) 1,473 (155) 5 (11,316) (984) (14,032) (0) (15,016) 126 (2,719) 149,173 146,454 25,840 5,671 (15) 102 (179) 20 273 (15) (74) 1,954 (613) 1,194 587 4,746 (1,455) (405) 37,633 528 (18) (12,985) 25,157 (8,383) 1,950 (1,595) (1,017) 2,358 (176) (200) 189 (1,445) 997 (161) 27 (7,458) 108 (14,026) (0) (13,918) 1,535 5,316 146,454 151,770