ABC-Mart, Inc. Reports Consolidated Earnings Results for the Six Months Ended August 31, 2015; Provides Earnings Guidance for the Ending February 29, 2016
October 08, 2015 at 01:30 pm EDT
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ABC-Mart, Inc. reported consolidated earnings results for the six months ended August 31, 2015. For the period, the company reported net sales of JPY 120,433 million against JPY 108,017 million a year ago. Operating income was JPY 23,873 million against JPY 23,466 million a year ago. Ordinary income was JPY 24,295 million against JPY 23,806 million a year ago. Net income was JPY 14,664 million against JPY 14,138 million a year ago. Net income per share was JPY 191.50 against JPY 187.78 a year ago. Diluted net income per share was JPY 177.72 against JPY 171.41 a year ago. Net cash provided by operating activities was JPY 4,836 million against JPY 19,202 million a year ago. Purchase of property, plant and equipment were JPY 2,710 million against JPY 3,833 million a year ago. Purchase of intangible assets was JPY 206 million against JPY 133 million a year ago.
For the year ending February 29, 2016, the company expects net sales of JPY 236,800 million, operating income of JPY 40,750 million, ordinary income of JPY 41,450 million and net income of JPY 25,380 million or net income per share of JPY 322.48.
ABC-MART, INC. is a Japan-based company mainly engaged in the sale of shoes. The Company operates retail stores under the names ABC-MART and NUOVO. The stores provide self-planned shoes under brand names HAWKINS, VANS, DANNER and NUOVO Collection, as well as national brand goods. The Company is also engaged in the planning, development and production of shoes. The Company sells sport shoes, leather casuals, ladies' shoes, business shoes, kids' shoes and sandals, among others. As of February 28, 2014, the Company had 14 subsidiaries.
ABC-Mart, Inc. Reports Consolidated Earnings Results for the Six Months Ended August 31, 2015; Provides Earnings Guidance for the Ending February 29, 2016
ABC-MART,INC. 
