ABC-Mart (2670) Q3 2026 earnings summary

Executive summary

• Consolidated net sales for the nine months reached ¥297.2 billion, up 0.8% year-over-year, driven by domestic demand and inbound tourism.

• Operating income declined 2.8% year-over-year to ¥46.6 billion, with overseas business facing sluggish consumption and margin pressure.

• Net income attributable to owners was ¥33.7 billion, down 1.3% year-over-year.

• Comprehensive income rose slightly by 0.3% year-over-year to ¥33,120 million.

• The company opened 54 new stores and closed 43, ending the period with 1,510 stores globally.

Financial highlights

• Consolidated gross profit margin was 51.1%, down 0.1pt year-over-year; domestic margin at 54.2%, overseas at 39.2%.

• Gross profit for the nine-month period was ¥142,582 million, up from ¥141,732 million year-over-year.

• SG&A expenses rose 2.4% year-over-year, with personnel costs up due to wage hikes and increased settlement fees.

• Inventory increased by ¥15.0 billion year-over-year due to higher procurement.

• Total assets as of November 30, 2025, were ¥449,839 million, up from ¥418,725 million at the previous fiscal year-end.

Outlook and guidance

• Domestic demand is expected to remain steady, supported by inbound tourism and continued focus on trend-driven products.

• Full-year net sales forecast for the fiscal year ending February 28, 2026, is ¥383,900 million, up 3.1% year-over-year.

• Operating profit is projected at ¥64,000 million, a 2.3% increase year-over-year.

• Profit attributable to owners of parent is forecast at ¥45,530 million, up 0.4% year-over-year.

• Annual dividend forecast remains unchanged at ¥70.00 per share.