ABC-Mart (2670) Q2 2025 earnings summary

Executive summary

• Consolidated net sales for 2Q reached ¥188.3 billion, up 11.2% year-over-year, with operating income rising 16.1% to ¥34.0 billion and net income attributable to parent up 14.7% to ¥24.1 billion.

• Comprehensive income increased 23.4% year-over-year to ¥29,555 million.

• Growth was driven by strong domestic and Korean sales, digital marketing, and expansion of high-value product lines.

• Store count at period-end was 1,496, with 34 new openings and 25 closures.

Financial highlights

• Gross profit margin was 51.2%, down 0.9pt year-over-year, with gross profit at ¥96,543 million and SG&A expenses at ¥62,493 million.

• Ordinary profit reached ¥35,121 million, up from ¥30,580 million year-over-year.

• Net income attributable to parent was ¥24.1 billion, up 14.7% year-over-year.

• EPS for 2Q was ¥97.50, reflecting a 3-for-1 stock split adjustment.

• Inventory decreased by ¥3.2 billion from the previous year-end, reflecting strong seasonal sales and inventory management.

Outlook and guidance

• Full-year consolidated sales forecast revised to ¥371.5 billion, up 7.9% year-over-year, with operating income projected at ¥61.8 billion and net income at ¥43.2 billion.

• Basic earnings per share forecasted at ¥174.46 for the full year.

• Domestic and Korean businesses expected to continue driving growth; gross margin management and SG&A discipline remain priorities.