ABC-Mart (2670) Q4 2025 earnings summary

Executive summary

• Targeting record consolidated sales of ¥383.9 billion for FY2026, a 3.1% increase year-over-year, despite a challenging environment with yen appreciation and inflation.

• Consolidated net sales rose 8.1% year-over-year to ¥372,202 million for the fiscal year ended February 28, 2025.

• Strategic focus on capturing both domestic and inbound demand, expanding product categories, and leveraging group scale for promotions.

• Accelerating store expansion and format upgrades, including flagship GRANDSTAGE 4.0 stores in key Asian cities.

• Strengthening international presence, especially in Korea, Taiwan, and new markets like the Philippines.

Financial highlights

• Consolidated sales forecast: ¥383.9 billion (+3.1% YoY); domestic: ¥273.2 billion, overseas: ¥118.5 billion.

• Operating income projected at ¥66.0 billion (+5.5% YoY); net income at ¥45.53 billion (+0.4% YoY).

• Gross profit margin expected to rise to 50.8% (+0.3pt YoY) due to a higher share of domestic sales.

• EPS forecast: ¥183.87 (previous year: ¥183.18).

• Cash and cash equivalents at year-end were ¥197,600 million, up from ¥172,762 million.

Outlook and guidance

• Plans for 35 new domestic stores, 20 closures, and 50 renovations (30 expansions); overseas, 28 new stores and 14 closures.

• GRANDSTAGE 4.0 pilot stores to open in Ginza and Osaka, with further expansion in Asia.

• Continued investment in e-commerce, smart work technology, and product development.

• Annual dividend forecast is ¥70.00 per share, unchanged from the prior year.

• Profit attributable to owners of parent is projected at ¥45,530 million, with basic EPS of ¥183.87.