Summary of Financial Results for the Third Quarter of Fiscal Year 2011
(Nine Months Ended September 30, 2011)[Japanese GAAP]
October 28, 2011
Company name: Senshukai Co., Ltd.
Stock exchanges: Tokyo and Osaka, First Sections
Stock code:
8165
URL: http://www.senshukai.co.jp
Representative:
Mr. Michio Tanabe, President and Representative Director
Inquiries:
Mr. Kiichi Tagawa, Senior Managing Director
Tel: +81-6-6881-3100
Scheduled date of filing of Quarterly Report: November 11, 2011
Scheduled date of payment of dividend: Preparation of supplementary materials for quarterly financial results: None
Holding of quarterly financial results meeting: None
(All amounts are rounded down to the nearest million yen)

1. Consolidated Financial Results for the 3rd Quarter of 2011 (January 1, 2011 – September 30, 2011)(1) Consolidated operating results (cumulative)(Percentages represent changes from the same period of the previous fiscal year)
Operating income
Ordinary income
Net income

Net sales
Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

95,90597,603

(1.7)
(8.5)

1,130
1,646

(31.3)
-

1,023
1,495

(31.6)-

150885(83.0)-

3Q 2011
3Q 2010

Diluted net income pershare

Net income per share
3Q 2011
3Q 2010

Yen

Yen

3.48
20.44

-

(2) Consolidated financial position
Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen

3Q 201186,936
Fiscal Year 2010
90,086
Reference: Shareholders’ equity (million yen)

39,722
39,411
3Q 2011:

Net assets per share%

Yen

39,722

45.7
43.7
Fiscal Year 2010:

Dividend per share
3Q-endYear-end

917.18909.9939,411

2. Dividends
1Q-endFiscal Year 2010
Fiscal Year 2011
Fiscal Year 2011 (forecasts)

2Q-end

Total

Yen

Yen

Yen

Yen

Yen

-

6.00
7.00

-

8.00

14.00

7.00

14.00

Note: Revision of dividend forecast during the period: None

3. Consolidated Outlook for Fiscal Year 2011 (January 1, 2011 – December 31, 2011)
Net sales
Millions of yen(Percentages represent changes from the same period of the previous fiscal year)
Net income
Net income
Operating income
Ordinary income
per share% Millions of yen% Millions of yen

Full Year 2011
138,500 1.2
3,000 (12.3)
Note: Revision of consolidated outlook during the period: None

3,400

% Millions of yen

7.3

2,600

%

Yen

27.6

60.03

4. Other (Please refer to “2. Other Information” on page 4 of the attachments for further information)(1) Changes in significant subsidiaries during the period: None
Newly added: -Excluded: -Note: Changes in specified subsidiaries affecting the scope of consolidation during the period(2) Application of simplified accounting methods and special accounting methods: Yes
Note: Application of simplified accounting methods and special accounting methods for presenting quarterly consolidated
financial statements(3) Changes in accounting principles, procedures, presentation methods, etc.
1) Changes caused by revision of accounting standards: Yes
2) Other changes: None
Note: Changes in accounting principles, procedures, presentation methods, etc. for presenting quarterly consolidated
financial statements described in “Changes in the Significant Accounting Policies for the Preparation of Quarterly
Consolidated Financial Statements”(4) Number of shares outstanding (common shares)
1) Number of shares outstanding at end of period (including treasury stock)
3Q 2011:47,630,393 sharesFiscal Year 2010:

47,630,393 sharesFiscal Year 2010:

4,320,645 shares

3Q 2010:43,310,364 shares

2) Number of shares of treasury stock at end of period
3Q 2011:

4,320,905 shares

3) Average number of shares outstanding during the period
3Q 2011:43,309,544 shares* Disclosure regarding the implementation of quarterly review proceduresThis summary of quarterly financial results materials is not subject to quarterly review procedures based on the Financial
Instruments and Exchange Act. Thus, at the time of its disclosure, the quarterly financial statement review procedures based on
the Financial Instruments and Exchange Act have not been completed.

* Cautionary statement with respect to forward-looking statements
The above projections are based on information available at the time of release of this report. Actual results could differ
significantly from these projections due to a variety of factors. For further details regarding the projections, please refer topage 3, “(3) Qualitative Information Regarding Consolidated Outlook.”Senshukai Co., Ltd. (8165) Financial Report for the Third Quarter of Fiscal Year 2011

Contents of Attachments

1. Qualitative Information on Quarterly Consolidated Financial Performance2(1) Qualitative Information Regarding Consolidated Results of Operations

2(2) Qualitative Information Regarding Consolidated Financial Position

3(3) Qualitative Information Regarding Consolidated Outlook

3

2. Other Information

4(1) Overview of Changes in Significant Subsidiaries

4(2) Overview of Application of Simplified Accounting Methods and Special Accounting Methods

4(3) Overview of Changes in Accounting Principles, Procedures, Presentation Methods, etc.

4

3. Quarterly Consolidated Financial Statements

6(1) Quarterly Consolidated Balance Sheets

6(2) Quarterly Consolidated Statements of Income8(3) Quarterly Consolidated Statements of Cash Flows

9(4) Going Concern Assumption

11(5) Segment Information

11(6) Significant Changes in Shareholders’ Equity

12

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Senshukai Co., Ltd. (8165) Financial Report for the Third Quarter of Fiscal Year 2011

1. Qualitative Information on Quarterly Consolidated Financial Performance(1) Qualitative Information Regarding Consolidated Results of Operations
In the cumulative third quarter period (January 1, 2011 to September 30, 2011) of the current fiscal year, theJapanese economy remained on an uncertain path due to a sharp slump in personal consumption in the wake of theGreat East Japan Earthquake, restrictions on electric power usage, surging raw materials prices, slumping shareprices, and ongoing yen appreciation.
In the retail industry, personal consumption declined sharply due to the deteriorating economy, although signs of arecovery appeared in some areas. Overall, however, personal consumption was not strong because consumers,
adopting a defensive stance, remained budget-minded. Conditions in the retail industry remained harsh as a result.
In this environment, the Senshukai Group conducted cross-media promotions including the airing of televisioncommercials in April to improve and expand recognition of the Belle Maison brand and acquire new customers inline with its medium-term management plan released in February 2011. Sales fell sharply in March due to theimpact of the earthquake, but then entered a recovery path although sales of apparel and other autumn and winteritems got off to a slow start due to typhoons and the impact of the summer’s lingering heat through mid-September.
Net sales in the cumulative third quarter declined 1.7% year-over-year to 95,905 million yen.
As for profits, gross profits declined due to a decline in net sales and a rise in the cost-of-sales ratio. Operating
income declined 31.3% year-over-year to 1,130 million yen as efforts to cut selling, general and administrative
expenses failed to fully offset the decline in gross profits.
Ordinary income declined 31.6% year-over-year to 1,023 million yen, and net income declined 83.0% to 150 million
yen due to an increase in loss on valuation of investment securities and the application of accounting standards for
asset retirement obligations.

Overview by segment(Mail-order Business)
Consolidated sales in the mail-order business, comprising the catalog and the hanpukai businesses, totaled 85,967
million yen in the cumulative third quarter period. Sales of autumn and winter apparel got off to a weak start due tothe summer’s lingering heat in September.
In terms of profits, operating income was 844 million yen due to reductions in catalog costs and SG&A expenses.
1) Catalog business
Consolidated sales in the catalog business were 78,772 million yen in the cumulative third quarter.
2) Hanpukai business
Consolidated sales in the hanpukai business were 7,194 million yen in the cumulative third quarter.
(Bridal business)
Consolidated sales in the bridal business, centered on the subsidiary Dears Brain Inc. which operates the housewedding business, totaled 5,450 million yen in the cumulative third quarter, but operating loss amounted to 19
million yen.
(Corporates business)
Consolidated sales in the corporates business, which provides products and services to corporations, totaled 3,215
million yen in the cumulative third quarter, and operating income totaled 361 million yen.

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Senshukai Co., Ltd. (8165) Financial Report for the Third Quarter of Fiscal Year 2011

(Other businesses)
Consolidated sales in other businesses, which consist of the services business (primarily travel and credit card
services) and the pet business (pet good sales through retail stores), totaled 1,272 million yen in the cumulative third
quarter, and operating loss totaled 61 million yen.

(2) Qualitative Information Regarding Consolidated Financial Position(Balance sheet position)
Assets totaled 86,936 million yen at the end of the third quarter of the current fiscal year, down 3,150 million yen
from the end of the previous fiscal year.
Current assets decreased 2,295 million yen to 40,360 million yen. The main factors were an increase of 5,077
million yen in merchandise and finished goods, and decreases of 6,029 million yen in cash and deposits, and 3,297
million yen in accounts receivable-other. Noncurrent assets decreased 854 million yen to 46,576 million yen, mainly
due to an increase of 735 million yen in intangible assets, and decreases of 588 million yen in property, plant andequipment and 1,000 million yen in investments and other assets.
Current liabilities decreased 2,256 million yen to 39,061 million yen. The main factors were an increase of 2,148
million yen in short-term loans payable, and decreases of 2,017 million yen in accounts payable-factoring, 1,018
million yen in forward exchange contracts, and 1,371 million yen in other. Noncurrent liabilities decreased 1,204
million yen to 8,152 million yen. Asset retirement obligations of 295 million yen were booked due to the applicationof accounting standards for asset retirement obligations, but long-term loans payable declined 831 million yen andbonds payable declined 736 million yen.
Net assets increased 311 million yen to 39,722 million yen. The main factors were a decrease of 498 million yen inretained earnings, and an increase of 705 million yen in deferred gains or losses on hedges. Consequently, the equity
ratio was 45.7%.
(Cash flow position)
The balance of cash and cash equivalents at the end of the third quarter of the current fiscal year was 4,826 million
yen, a decrease of 6,029 million yen from the end of the previous fiscal year.
Operating activities used net cash of 4,435 million yen. The main contributing factors were depreciation andamortization of 1,725 million yen, and a 1,697 million yen decrease in other current assets. Negative factors were an
increase of 5,086 million yen in inventories, and a decrease of 3,011 million yen in other current liabilities.
Investing activities used net cash of 1,498 million yen. The main cash inflow was a 720 million yen proceeds fromsales of investment securities. The main cash outflows were 1,504 million yen for the purchase of intangible assets
and 579 million yen for the purchase of property, plant and equipment.
Financing activities used net cash of 88 million yen. The main cash inflows were an increase of 3,000 million yen in
short-term loans payable, a 300 million yen proceeds from long-term loans payable, while cash outflows include a
repayment of long-term loans payable of 1,982 million yen, redemption of bonds of 733 million yen, and cash
dividends paid of 628 million yen.
(3) Qualitative Information Regarding Consolidated Outlook
Senshukai does not change the consolidated outlook it released for the current fiscal year (January 1, 2011 to
December 31, 2011) on July 22, 2011, but actual results could differ significantly from these projections due to a variety offactors. Senshukai will quickly disclose any revisions to its consolidated outlook as they become necessary.

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Senshukai Co., Ltd. (8165) Financial Report for the Third Quarter of Fiscal Year 2011

2. Other Information(1) Overview of Changes in Significant Subsidiaries
Not applicable.
(2) Overview of Application of Simplified Accounting Methods and Special Accounting Methods(Simplified accounting methods)
1) Method for estimating the uncollectible amount of general reserve
The uncollectible amount of general reserve was estimated using the historical default rates at the end of theprevious fiscal year as the ratio at the end of the third quarter of the current fiscal year was found not to besignificantly different from the ratio at the end of the previous fiscal year.
2) Valuation of inventories
For inventories at the end of the third quarter of the current fiscal year, a valuation was determined by using areasonable method based on actual inventories at the end of the second quarter. No physical inventory count was
performed.
3) Calculation of depreciation expense for noncurrent assets
For assets subject to the declining-balance method, depreciation expense for the period is calculated pro rata fromthe full-year amount of depreciation expense for the fiscal year.
4) Judgments about the recoverability of deferred tax assets
Judgments about the recoverability of deferred tax assets are made based on the earnings forecast at the end of theprevious fiscal year and tax planning with regard to items where there have been no significant changes in theoperating environment or in the occurrence of temporary differences following the end of the previous fiscal year.
(Special accounting methods in the preparation of quarterly financial statements)
The tax expenses are calculated by first estimating the effective tax rate after the application of tax effect accounting
with respect to income before income taxes and minority interests during the fiscal year in which the quarter underreview falls, and multiplying that rate by the income before income taxes and minority interests for the quarter
under review. However, the Company uses legally stipulated effective tax rates to calculate tax expenses for cases inwhich using estimated tax rates gives a noticeably irrational result. Income taxes-deferred were included anddisplayed with income taxes.
(3) Overview of Changes in Accounting Principles, Procedures, Presentation Methods, etc.
1) Application of “Accounting Standard for Equity Method of Accounting for Investments” and “Practical Solution
on Unification of Accounting Policies Applied to Associates Accounting for Using the Equity Method”
Beginning with the first quarter of the current fiscal year, “Accounting Standard for Equity Method of Accounting
for Investments” (Accounting Standards Board of Japan (ASBJ) Statement No. 16, issued on March 10, 2008) and“Practical Solution on Unification of Accounting Policies Applied to Associates Accounting for Using the Equity
Method” (ASBJ Practical Issue Task Force (PITF) No. 24, March 10, 2008) have been applied.
This change has no effect on the amount of income (loss).

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Senshukai Co., Ltd. (8165) Financial Report for the Third Quarter of Fiscal Year 2011

2) Application of Accounting standard for asset retirement obligations
Beginning with the first quarter of the current fiscal year, “Accounting Standard for Asset Retirement
Obligations” (ASBJ Statement No. 18, March 31, 2008) and “Guidance on Accounting Standard for Asset
Retirement Obligations” (ASBJ Guidance No. 21, March 31, 2008) have been applied.
As an effect of this change, operating income and ordinary income decreased by 7 million yen each, and income
before income taxes and minority interests decreased by 120 million yen. In addition, these changes increased theaccount balance of asset retirement obligations by 332 million yen due to this change.

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Senshukai Co., Ltd. (8165) Financial Report for the Third Quarter of Fiscal Year 2011

3. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Million yen)
3Q 2011(As of Sep. 30, 2011)

Fiscal Year 2010 Summary(As of Dec. 31, 2010)

AssetsCurrent assets
Cash and deposits

4,826

10,855

Notes and accounts receivable-trade

6,442

6,362

Short-term investment securities

15

8

Merchandise and finished goods

17,67812,600Raw materials and supplies

130

123

Accounts receivable-other

5,650

8,948

Other

5,809

3,998

Allowance for doubtful accounts

(193)

(241)

Total current assets

40,36042,656

Buildings and structures, net

13,842

14,402

Land

10,944

10,945

Other, net

1,842

1,870

Total property, plant and equipment

26,62927,218Goodwill

2,466

2,580

Other

4,142

3,294

Total intangible assets

6,609

5,874

Investment securities

6,805

7,761

Other

6,875

6,764

Noncurrent assets
Property, plant and equipment

Intangible assets

Investments and other assets

Allowance for doubtful accounts

(343)

(187)

Total investments and other assets

13,337

14,33846,57647,43086,93690,086

Total noncurrent assets
Total assets-6-Senshukai Co., Ltd. (8165) Financial Report for the Third Quarter of Fiscal Year 2011

(Million yen)
Fiscal Year 2010 Summary(As of Dec. 31, 2010)

3Q 2011(As of Sep. 30, 2011)
Liabilities
Current liabilities
Notes and accounts payable-trade

8,295

7,932

Short-term loans payable

5,185

3,036

Current portion of bonds

769

766

Accounts payable-factoring

11,53013,548

Income taxes payable

62

468

Provision for sales promotion expenses

697

656

2,566

3,585

Forward exchange contracts
Other

9,954

11,325

Total current liabilities

39,061

41,318

Bonds payable

2,550

3,286

Long-term loans payable

4,266

5,097

Provision for retirement benefits

29

27

Asset retirement obligations

295-

Noncurrent liabilities

Other

1,010

945

Total noncurrent liabilities

8,152

9,356

47,21350,675

Capital stock

20,35920,359

Capital surplus

21,03821,038

Total liabilities
Net assets
Shareholders’ equity

Retained earnings

10,845

11,344

Treasury stock(2,775)(2,775)

Total shareholders’ equity

49,46749,966

(804)

(928)

Deferred gains or losses on hedges(1,636)(2,342)

Revaluation reserve for land

(7,117)(7,117)

Foreign currency translation adjustment

(186)

(167)

Total valuation and translation adjustments(9,745)(10,555)

39,722

39,41186,93690,086

Valuation and translation adjustments
Valuation difference on available-for-sale securities

Total net assets
Total liabilities and net assets-7-

Senshukai Co., Ltd. (8165) Financial Report for the Third Quarter of Fiscal Year 2011(2) Quarterly Consolidated Statements of Income(For the Nine-month Period)
3Q 2010(Jan. 1, 2010 – Sep. 30, 2010)(Million yen)
3Q 2011(Jan. 1, 2011 – Sep. 30, 2011)

Net sales

97,603

95,905

Cost of sales

49,52949,850Gross profit

48,07346,055

Selling, general and administrative expenses

46,42744,925

Operating income

1,646

1,130

Interest income

53

33

Dividends income85

87

Foreign exchange gains-

39

Non-operating income

Co-sponsor fee

105

28

Other

249

260

Total non-operating income

492

449

Interest expenses

213

171

Loss on valuation of compound financial instruments

184

179

Foreign exchange losses

116-

Non-operating expenses

Relief aid expenses

-

108

Other

128

96

Total non-operating expenses

643

556

1,495

1,023

Ordinary income
Extraordinary income
Gain on sales of noncurrent assets

131Gain on sales of investment securities-

139

Reversal of allowance for doubtful accounts

28-

Gain on negative goodwill

6

-

Other

0

-

Total extraordinary income

48

140

Loss on sales and retirement of noncurrent assets

29

42

Loss on valuation of investment securities

253

372

Impairment loss

43-

Loss on liquidation of business

21-

Provision of allowance for doubtful accounts

23

183

Loss on valuation of golf club memberships
Loss on adjustment for changes of accounting
standard for asset retirement obligations
Loss on disaster

5

1

-

111

-

62

Special retirement expenses

-

122

Other

4

16

381

911

1,162

252

264

101

-

150

Extraordinary loss

Total extraordinary losses
Income before income taxes and minority interests
Income taxes
Income before minority interests
Minority interests in income

12-

Net income

885

150

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Senshukai Co., Ltd. (8165) Financial Report for the Third Quarter of Fiscal Year 2011(3) Quarterly Consolidated Statements of Cash Flows(Million yen)
3Q 2010
3Q 2011(Jan. 1, 2010 – Sep. 30, 2010) (Jan. 1, 2011 – Sep. 30, 2011)
Net cash provided by (used in) operating activities
Income before income taxes and minority interests

1,162

252

Depreciation and amortization

1,791

1,725

Impairment loss

43-

Gain on negative goodwill(6)-

Increase (decrease) in allowance for doubtful accounts

(76)

107

Increase (decrease) in allowance for sales promotion expenses

52

41

Interest and dividends income

(138)

(121)

Interest expenses

213

171

Foreign exchange losses (gains)

96

(313)

Equity in (earnings) losses of affiliates

(46)

(57)

Loss (gain) on valuation of compound financial instruments

184

179

Loss (gain) on sales and retirement of noncurrent assets

16

41

Loss (gain) on sales of investment securities

4

(138)

253

372

5

1

-

111

Loss (gain) on valuation of investment securities
Loss on valuation of golf club membership
Loss on adjustment for changes of accounting standard for
asset retirement obligations
Decrease (increase) in notes and accounts receivable-trade

2,173

(80)

Decrease (increase) in inventories(2,373)(5,086)

Decrease (increase) in other current assets

1,158

1,697

Increase (decrease) in notes and accounts payable-trade

1,243

363

Increase (decrease) in accrued consumption taxes

(265)

(357)

(1,462)(3,011)Other, net

226

105

Subtotal

Increase (decrease) in other current liabilities

4,256(3,996)

Interest and dividends income received

141

123

Interest expenses paid

(241)

(203)

Income taxes paid

(255)

(358)

Net cash provided by (used in) operating activities

3,899(4,435)

(793)

(579)

Net cash provided by (used in) investing activities
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment

169

1(1,035)(1,504)

(20)

(20)

4

720

Proceeds from redemption of investment securities

400-

Purchase of investments in subsidiaries

(20)

-

Purchase of stocks of subsidiaries and affiliates

(73)

-

Proceeds from sales of investments in subsidiaries

49-

Other, net

78

(117)

(1,239)(1,498)Purchase of intangible assets
Purchase of investment securities
Proceeds from sales of investment securities

Net cash provided by (used in) investing activities-9-Senshukai Co., Ltd. (8165) Financial Report for the Third Quarter of Fiscal Year 2011

(Million yen)
3Q 2011
3Q 2010(Jan. 1, 2010 – Sep. 30, 2010) (Jan. 1, 2011 – Sep. 30, 2011)
Net cash provided by (used in) financing activities
Net increase (decrease) in short-term loans payable(1,500)3,000

Proceeds from long-term loans payable

600

300

Repayment of long-term loans payable(1,924)(1,982)

(733)

(733)

(0)

(0)

Redemption of bonds
Purchase of treasury stock
Proceeds from sales of treasury stock
Cash dividends paid
Other, net

0

0

(242)

(628)

(7)

(44)

(3,808)

(88)

(20)

(6)

Net increase (decrease) in cash and cash equivalents(1,169)(6,029)Cash and cash equivalents at beginning of period

8,795

10,855

Cash and cash equivalents at end of period

7,625

4,826

Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents- 10 -

Senshukai Co., Ltd. (8165) Financial Report for the Third Quarter of Fiscal Year 2011(4) Going Concern Assumption
Not applicable.
(5) Segment Information
Business segments
3Q 2010 (Jan. 1, 2010 – Sep. 30, 2010)(Million yen)

Mail-orderbusiness

Other businesses

Elimination or
corporate

Total

Consolidated

Net sales(1) Sales to customers

84,604

12,99897,603-

97,603(2) Inter-segment sales

1,467

420

1,887

(

1,887)-

Total

86,072

13,41999,491(

1,887)

97,603

1,579

0

1,580

66

1,646

Operating income

Notes: 1. The classification of business segments is based on categories adopted for internal management purposes.
2. Principal activities of each business segment(1) Mail-order business: Catalog and hanpukai businesses(2) Other businesses:

Product sales, and services(Note) The transportation business, formerly a major component of “other businesses,” is no longer a major component
because Senshu Transportation Co., Ltd., a subsidiary, was removed from consolidated accounts during thesecond quarter under review.

Geographic segment information
3Q 2010 (Jan. 1, 2010 – Sep. 30, 2010)
Geographic segment information has not been presented because the Company and its consolidated subsidiaries have generated
over 90% of their total net sales in Japan.

Overseas sales
3Q 2010 (Jan. 1, 2010 – Sep. 30, 2010)
Overseas sales have not been presented because they represented less than 10% of total consolidated sales.

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Senshukai Co., Ltd. (8165) Financial Report for the Third Quarter of Fiscal Year 2011

Segment Information
1. Overview of reportable segment
Segments used for financial reporting are the Company’s constituent units for which separate financial information
is available and for which the Board of Directors performs periodic studies for the purposes of determining theallocation of resources and evaluating performance.
The Senshukai Group primarily operates the mail-order business, bridal business, and corporates business, and theCompany and its group companies manage each of these businesses according to these classifications.
Therefore the Group, comprised of these different business segments, has three reportable segments: the mail-orderbusiness, bridal business, and corporates business.
The mail-order business is engaged in mail-order sales via a variety of media centered on catalogs and the Internet.
The bridal business provides mostly house wedding services. The corporates business uses the Company’s
infrastructure to provide solutions services and promotional services targeting mail-order companies ande-commerce businesses.
2. Information related to sales and profit or loss for each reportable segment
3Q 2011 (Jan. 1, 2011 – Sep. 30, 2011)(Million yen)

Reportable segment
Mail-orderbusiness

Bridalbusiness

Corporates
business

Sub-total

Others(Note 1)

Total

85,967

5,450

3,215

94,633

1,272

95,905

Amounts shown onquarterly
Adjustment
consolidated(Note 2)statements of income(Note 3)

Net sales
Sales to customers-

95,905Inter-segment sales

701

-

210

911

63

974

(

974)

-

Total

86,668

5,450

3,425

95,545

1,335

96,880(974)

95,905

Segment profit
844
(19)
361
1,186
(61)
1,124
5
1,130
(loss)
Notes: 1. Others represent the businesses which are not included in any of the three reportable segments and consist of theservices business primarily offering travel and credit card services, and the pet business distributing pet goods throughretail stores.
2. The 5 million yen adjustment to segment profit (loss) comprises elimination for inter-segment transactions.
3. Segment profit (loss) is adjusted to be consistent with operating income shown on the quarterly consolidated statements
of income.

3. Information related to impairment of noncurrent assets, goodwill, etc. for each reportable segment
No major events or changes occurred in the consolidated third quarter.
Supplemental Information
Beginning with the first quarter of the current fiscal year, “Accounting Standard for Disclosures about Segments ofan Enterprise and Related Information” (ASBJ Statement No. 17, March 27, 2009) and “Guidance on the
Accounting Standard for Disclosures about Segments of an Enterprise and Related Information” (ASBJ Guidance
No. 20, March 21, 2008) have been applied.
(6) Significant Changes in Shareholders’ Equity
Not applicable.
* This financial report is solely a translation of summary of “kessan Tanshin” (in Japanese, including attachments), which has
been prepared in accordance with accounting principles and practices generally accepted in Japan, for the convenience ofreaders who prefer an English translation.
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