ABC-Mart (2670) Q3 2025 earnings summary

Executive summary

• Achieved record consolidated sales of ¥277.0 billion for 3Q, up 9.8% year-over-year, with operating profit up 15.6% to ¥48.0 billion and net income attributable to parent up 14.6% to ¥34.2 billion.

• Comprehensive income declined 5.6% year-over-year to ¥33,015 million, mainly due to negative foreign currency translation adjustments.

• Domestic market benefited from increased inbound demand and higher product prices, while overseas faced inflation and currency volatility.

Financial highlights

• Consolidated gross profit margin for 3Q was 51.2%, down 0.6pt year-over-year; domestic margin improved, overseas margin declined due to discounting.

• SG&A ratio improved to 33.8% (down 1.5pt), aided by digitalization and cost controls.

• EPS for 3Q was ¥137.93, up from ¥120.38 in the prior year.

• Ordinary profit reached ¥49,628 million, up 14.7% year-over-year.

• Total assets grew to ¥416,775 million as of November 30, 2024, from ¥387,336 million at the previous fiscal year-end.

Outlook and guidance

• Full-year net sales are forecast at ¥371,500 million, up 7.9% year-over-year, with operating profit projected at ¥61,800 million and profit attributable to owners of parent at ¥43,200 million.

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

• Year-end dividend forecast raised to ¥37 per share, with annual dividend expected at ¥70, up from ¥65.33 last year.

• Continued focus on expanding hands-free product lines and multi-format store rollouts.