ABC-Mart's (TYO:2670) profit attributable to owners of the parent increased 10% to 14.3 billion yen for the fiscal first quarter from 13 billion yen a year earlier.

The company's basic earnings per share increased to 57.74 yen from 52.31 yen a year ago, according to a Tokyo bourse filing on Wednesday.

Net sales jumped 8% to 105.5 billion yen for the three months ended May 31 from 97.7 billion yen in the prior-year period.

For the fiscal year ending Feb. 28, 2027, the company expects attributable profit to inch up 0.1% to 46.4 billion yen, basic EPS of 187.39 yen, and net sales of 400.8 billion yen, up 5.9% year over year.

ABC-Mart plans to pay interim and year-end dividends of 40 yen per share each for the current year, higher than the 75 yen per share paid in the year-ago period in total annual dividends.

Shres of the footwear retailer plunged nearly 11% in recent trade.