ABC-MART,INC., The Current Fiscal Year Ordinary Profit Revised Upward by 6%, Adds to Record High Profit Forecast

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Wed Oct 9, 2024 3:00 pm JST Earnings

2670 ABC-MART,INC. 【J-GAAP】

Earnings Report

ABC-MART,INC. <2670> [TSE-P] announced its financial results after the market closed on October 9th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2025 (March to August) increased by 14.8% from the same period last year, reaching 35.1 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward by 6.0%, from the previous forecast of 59.7 billion yen to 63.3 billion yen (compared to 57.8 billion yen in the previous period), increasing the growth rate from 3.2% to 9.5%, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the September to February period (second half) is expected to grow by 3.4% from the same period last year, reaching 28.1 billion yen.

In the most recent three-month period, from June to August (2Q), the consolidated ordinary profit grew by 21.6% from the same period last year, reaching 15.9 billion yen. The operating profit margin rose from 15.4% in the same period last year to 17.0%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Mar - Aug, 2022	136,191	19,995	20,501	13,317	53.8	47.3	Oct 12, 2022	J-GAAP
Mar - Aug, 2023	169,464	29,320	30,580	21,043	85.0	52.9	Oct 11, 2023	J-GAAP
Mar - Aug, 2024	188,380	34,050	35,121	24,143	97.5	55.5	Oct 9, 2024	J-GAAP
YoY	+11.2%	+16.1%	+14.8%	+14.7%	+14.7%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar - Aug, 2024 Guidance	182,700	31,000	31,480	21,250	85.8	33	Apr 10, 2024	J-GAAP
Mar - Aug, 2024 Results	188,380	34,050	35,121	24,143	97.5	33	Oct 9, 2024	J-GAAP
Revision Rate	+3.1%	+9.8%	+11.6%	+13.6%	+13.6%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2025 Prev	365,800	58,700	59,700	40,300	162.8	66	Apr 10, 2024	J-GAAP
Feb, 2025 New	371,500	61,800	63,300	43,200	174.5	66	Oct 9, 2024	J-GAAP
Revision Rate	+1.6%	+5.3%	+6.0%	+7.2%	+7.2%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	174,733	26,351	27,254	18,966	76.6	37	Apr 10, 2024	J-GAAP
Sep - Feb, 2024 Guidance	183,120	27,750	28,179	19,057	77.0	33	Oct 9, 2024	J-GAAP
YoY	+4.8%	+5.3%	+3.4%	+0.5%	+0.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Feb, 2023	290,077	42,301	43,360	30,256	122.2	56.67	Apr 12, 2023	J-GAAP
Feb, 2024	344,197	55,671	57,834	40,009	161.6	65.33	Apr 10, 2024	J-GAAP
Feb, 2025 Guidance	371,500	61,800	63,300	43,200	174.5	66	Oct 9, 2024	J-GAAP
YoY	+7.9%	+11.0%	+9.5%	+8.0%	+8.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jun - Aug, 2023	80,885	12,430	13,107	9,136	36.9	15.4	Oct 11, 2023	J-GAAP
Sep - Nov, 2023	82,864	12,213	12,695	8,764	35.4	14.7	Jan 10, 2024	J-GAAP
Dec - Feb, 2023	91,869	14,138	14,559	10,202	41.2	15.4	Apr 10, 2024	J-GAAP
Mar - May, 2024	96,215	18,408	19,183	13,107	52.9	19.1	Jul 3, 2024	J-GAAP
Jun - Aug, 2024	92,165	15,642	15,938	11,036	44.6	17.0	Oct 9, 2024	J-GAAP
YoY	+13.9%	+25.8%	+21.6%	+20.8%	+20.8%