ABC Mart <2670> fell significantly. The company's operating profit for the first quarter, announced the day before, was ¥18.4 billion, an increase of 9.0% from the same period last year, and the company's plan is believed to have exceeded expectations slightly. The market consensus was also around ¥17.7 billion. However, while the smooth earnings were considered to be in line with expectations based on the current monthly trend, there seems to be limited surprises. The full-year forecast is maintained at ¥58.7 billion, with an expected increase of 5.4% from the previous year. There is a prevailing sense of material exhaustion due to slightly sluggish sales in South Korea.
ABCマート---大幅反落、第1四半期決算にサプライズなく出尽くし感が先行
ABC Mart - significant drop, with no surprises in Q1 earnings, giving a sense of being exhausted.
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