ABC-MART,INC. Summary of Consolidated Financial Results for the Year Ended February 28, 2022(FY2022)
(Based on Japanese GAAP)
Company name: ABC-MART, INC. Stock exchange listing: Tokyo
Stock code: | 2670 URLhttp://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
April 13, 2022
Scheduled date of ordinary general meeting of shareholders: | May 26, 2022 |
Scheduled date to file Securities Report: | May 30, 2022 |
Scheduled date to commence dividend payments: | May 27, 2022 |
Preparation of supplementary material on financial results: | Yes |
Holding of financial results meeting: | Yes (for institutional investors and analysts) |
(Amounts less than one million yen are rounded down) |
1. Consolidated financial results for the year ended February 28, 2022 (from March 1, 2021 to February 28, 2022)
(1) Consolidated operating results
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | |||||
Year ended February 28, 2022 Year ended February 28, 2021 | Millions of yen 243,946 220,267 | % 10.8 (19.1) | Millions of yen 27,446 19,513 | % 40.7 (55.0) | Millions of yen 28,260 21,283 | % 32.8 (52.0) | Millions of yen 17,382 19,226 | % (9.6) (35.3) |
(Note) Comprehensive income:
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 | Profit attributable to owners of parent/equity | Ordinary profit/total assets | Operating profit/net sales | |
Year ended February 28, 2022 Year ended February 28, 2021 | 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 (2) Consolidated financial position
Year ended February 2021
- million yen
Total assets | Net assets | Equity ratio | Net assets per share | |
As of February 28, 2022 As of February 28, 2021 | 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 (3) Consolidated cash flows
283,298 million yen
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 | |
Year ended February 28, 2022 Year ended February 28, 2021 | 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 |
2. Cash dividends
Annual dividends per share | Total cash dividends (Total) | Dividend payout ratio (Consolidated) | Ratio of dividends to net assets (Consolidated) | |||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | ||||
Year ended February 28, 2021 Year ended February 28, 2022 | Yen - - | Yen 85.00 85.00 | Yen - - | Yen 85.00 85.00 | Yen 170.00 170.00 | Millions of yen 14,031 14,031 | % 73.0 80.7 | % 5.1 5.0 |
Year ending February 28, 2023 (Forecast) | - | 85.00 | - | 85.00 | 170.00 | - |
3. Forecast of consolidated financial results for the year ending February 28, 2023 (from March 1, 2022 to February 28, 2023)
Percentages indicate year-on-year changes
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Earnings per share | |||||
Six months ending August 31, 2022 Full year | Millions of yen 132,200 271,700 | % 9.0 11.4 | Millions of yen 15,900 32,000 | % 11.1 16.6 | Millions of yen 16,000 32,200 | % 8.4 13.9 | Millions of yen 10,500 20,900 | % 0.4 20.2 | Yen 127.21 253.21 |
4. Notes
(1) Changes in significant subsidiaries during the year ended February 28, 2022
No
(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 statementsChanges 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
(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 82,539,646 shares | As of February 28, 2021 82,539,646 shares |
As of February 28, 2022
82,539,646 shares As of February 28, 2021
82,539,646 sharesNumber of treasury shares at the end of the period
As of February 28, 2022 472 shares | As of February 28, 2021 470 shares |
470 shares
As of February 28, 2022
472 shares As of February 28, 2021
Average number of shares during the period
Year ended February 28, 2022 82,539,175 shares | Year ended February 28, 2021 82,539,176 shares |
Year ended February 28, 2022 82,539,175 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
Percentages indicate year-on-year changes
Net sales | Operating income | Ordinary income | Net income | |||||
Year ended February 28, 2022 Year ended February 28, 2021 | Millions of yen 169,776 151,909 | % 11.8 (21.7) | Millions of yen 25,053 16,828 | % 48.9 (55.8) | Millions of yen 26,286 19,043 | % 38.0 (51.9) | Millions of yen 16,452 18,611 | % (11.6) (31.3) |
Net income per share | Diluted net income per share | |
Year ended February 28, 2022 Year ended February 28, 2021 | Yen 199.33 225.49 | Yen - - |
(2) Nonconsolidated financial position
Total assets | Net assets | Equity ratio | Net assets per share | |
As of February 28, 2022 As of February 28, 2021 | 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 |
(Reference) Shareholders' Equity:
As of February 28, 2022
248,144 million yen
As of February 28, 2021
245,962 million yen
2. Forecast of nonconsolidated financial results for the year ending February 28, 2023 (from March 1, 2022 to February 28, 2023)
Percentages indicate year-on-year changesSix months ending August 31, 2022
Net sales Millions of yen 90,430 181,700
Ordinary income
Net income
Net income per share
% 6.5
7.0
Millions of yen 14,200 28,200
% 9.9
Millions of yen 9,450 18,750
% 2.1
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.
Consolidated financial statements Consolidated balance sheets
(Millions of yen) | ||
As of February 28, 2021 | As of February 28, 2022 | |
Assets Current assets Cash and deposits Notes and accounts receivable - trade Securities Inventories Other Allowance for doubtful accounts | 138,669 10,275 7,957 63,356 4,997 (34) | 141,767 11,091 10,181 59,847 4,180 (145) |
Total current assets | 225,222 | 226,923 |
Non-current assets Property, plant and equipment Buildings and structures Accumulated depreciation | 33,283 (17,900) | 34,711 (19,233) |
Buildings and structures, net | 15,382 | 15,478 |
Tools, furniture and fixtures Accumulated depreciation | 16,091 (11,092) | 17,116 (12,757) |
Tools, furniture and fixtures, net | 4,998 | 4,359 |
Land Construction in progress Other Accumulated depreciation | 17,078 221 457 (391) | 19,198 293 438 (394) |
Other, net | 66 | 44 |
Total property, plant and equipment | 37,748 | 39,373 |
Intangible assets Trademark right Goodwill Other | 740 1,199 3,126 | 393 509 3,935 |
Total intangible assets | 5,066 | 4,837 |
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 | 17,161 2,563 1,495 25,453 - 2,523 613 (16) | 14,567 609 1,450 25,960 1 3,416 596 (16) |
Total investments and other assets | 49,795 | 46,585 |
Total non-current assets | 92,610 | 90,796 |
Total assets | 317,832 | 317,720 |
(145)
(19,233)
(12,757)
(394)
(16)
(Millions of yen) | ||
As of February 28, 2021 | As of February 28, 2022 | |
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 | 14,468 1,232 8,720 996 237 152 782 10,554 | 13,161 1,350 4,884 984 226 205 933 9,521 |
Total current liabilities | 37,145 | 31,268 |
Non-current liabilities Retirement benefit liability Asset retirement obligations Other | 552 359 831 | 313 345 911 |
Total non-current liabilities | 1,743 | 1,570 |
Total liabilities | 38,888 | 32,838 |
Net assets Shareholders' equity Share capital Capital surplus Retained earnings Treasury shares | 19,972 24,043 224,811 (2) | 19,972 24,043 228,162 (2) |
Total shareholders' equity | 268,825 | 272,176 |
Accumulated other comprehensive income Valuation difference on available-for-sale securities Foreign currency translation adjustment | 2,229 6,569 | 1,991 9,131 |
Total accumulated other comprehensive income | 8,799 | 11,122 |
Non-controlling interests | 1,318 | 1,582 |
Total net assets | 278,943 | 284,881 |
Total liabilities and net assets | 317,832 | 317,720 |
(2)
Consolidated statements of income and consolidated statements of comprehensive income Consolidated statements of income
(Millions of yen) | ||
Fiscal year ended February 28, 2021 | Fiscal year ended February 28, 2022 | |
Net sales Cost of sales | 220,267 110,004 | 243,946 119,058 |
Gross profit | 110,262 | 124,887 |
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 | 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 | 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 |
Total selling, general and administrative expenses | 90,748 | 97,440 |
Operating profit | 19,513 | 27,446 |
Non-operating income Interest income Dividend income Foreign exchange gains Rent Income Advertising medium income Other | 59 695 315 968 34 367 | 47 131 6 1,049 34 232 |
Total non-operating income | 2,441 | 1,501 |
Non-operating expenses Interest expenses Rental expenses Other | 6 516 147 | 20 630 36 |
Total non-operating expenses | 671 | 687 |
Ordinary profit | 21,283 | 28,260 |
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ABC-MART Inc. published this content on 14 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 April 2022 03:14:09 UTC.
