ABC-Mart (2670) Q4 2026 earnings summary

Executive summary

• Consolidated net sales reached ¥378.6 billion, up 1.7% year-over-year, marking a record revenue and five consecutive years of growth in both revenue and profit.

• Operating profit increased 1.2% year-over-year to ¥63.2 billion.

• Net income attributable to owners of the parent was ¥46.3 billion, up 2.2% year-over-year; EPS was ¥187.17.

• Comprehensive income reached ¥48.8 billion, up 7.6% year-over-year.

• Domestic demand increased, supported by inbound travel and a weak yen, while overseas markets faced challenges from economic slowdowns and tariff policies.

Financial highlights

• Gross profit improved to ¥191.9 billion from ¥187.8 billion year-over-year; gross profit margin was 50.7% (up 0.2pt YoY).

• Operating margin was 16.7%, and ordinary profit margin was 17.8%.

• Cash and cash equivalents at year-end were ¥207.1 billion, up ¥9.5 billion YoY.

• Net assets increased to ¥401.0 billion, with an equity-to-asset ratio of 87.5%.

• SG&A expense ratio increased to 34.0% (up 0.3pt YoY), mainly due to higher personnel, rent, and transaction fees.

Outlook and guidance

• Domestic demand is expected to remain robust, but high prices may impact consumer sentiment.

• Overseas markets face uncertainty due to global economic instability and tariff risks.

• Forecast for FY ending February 28, 2027: net sales of ¥400.8 billion (+5.9% YoY), operating profit of ¥65.6 billion (+3.7% YoY), and profit attributable to owners of parent of ¥46.4 billion (+0.1% YoY).

• Annual dividend forecast for FY2027 is ¥80 per share.