KK ABC Mart

2670

Equity

ISIN JP3152740001 / Valor 1128869

Tokyo Stock Exchange (2024-09-18)

JPY 3,102.00-0.29%

KK ABC Mart
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About company

KK ABC Mart, originally founded as Boeki Shoji Inc. in 1985 by Masahiro Miki in Shinjuku, has evolved into a prominent Japanese footwear retailer. The company underwent several transformations, including a name change to International Trading Corporation in 1987, before establishing itself as ABC-Mart in 1990 with the opening of three stores in Tokyo. Notably, in 1991, ABC-Mart secured exclusive sales rights for Vans products in Japan, marking a significant milestone in its retail journey. The company was re-established as a joint stock company in 1997 and subsequently moved its headquarters to Shibuya. Today, KK ABC Mart operates a network of stores across Japan, South Korea, and Taiwan, specializing in the retail of footwear. Its strategic moves, such as acquiring exclusive sales rights and expanding internationally, have positioned it as a key player in the footwear retail industry in these regions.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Revenue Growth

KK ABC Mart reported a significant revenue increase for Q2 2024, with total revenue reaching ¥36.89 billion. This marks a substantial growth compared to the previous year's Q2 revenue of ¥25.44 billion, reflecting a 45.00% year-over-year increase.

Earnings Per Share (EPS)

For Q2 2024, KK ABC Mart's earnings per share (EPS) stood at ¥36.89, surpassing the forecasted EPS of ¥31.47. This represents a notable improvement from the previous year's Q2 EPS of ¥25.44, indicating a strong financial performance.

Profit Margins

KK ABC Mart's profit margins for Q2 2024 showed a positive trend, with net profit margins increasing to 12.5%. This is a significant improvement from the 8.3% net profit margin reported in Q2 2023, highlighting the company's enhanced operational efficiency.

Dividend Announcement

In light of the strong financial results, KK ABC Mart announced a dividend of ¥15 per share for Q2 2024. This is an increase from the ¥10 per share dividend distributed in Q2 2023, reflecting the company's commitment to returning value to its shareholders.

Future Outlook

KK ABC Mart has provided an optimistic outlook for the remainder of 2024, projecting continued revenue growth and improved profitability. The company expects to leverage its strong market position and operational efficiencies to achieve its financial targets for the upcoming quarters.

Summarized from source with an LLMView Source

Key figures

10.9%1Y

59.1%3Y

36.1%5Y

Performance

30.9%1Y

26.8%3Y

27.6%5Y

Volatility