Summary of Financial Results for the Third Quarter of Fiscal Year 2010
(Nine Months Ended September 30, 2010)[Japanese GAAP]
October 29, 2010
Company name: Senshukai Co., Ltd.
Stock Exchanges: Tokyo and Osaka, First Sections
Stock Code:8165
URL: http://www.senshukai.co.jp
Representative:
Mr. Yasuhiro Yukimachi, President and Representative Director
Inquiries:
Mr. Michio Tanabe, Senior Managing Director
Tel: +81-6-6881-3100
Scheduled date of filing of Quarterly Report: November 12, 2010
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 2010 (January 1, 2010 – September 30, 2010)(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
3Q 2010
3Q 2009

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

97,603
106,671

(8.5)
-

1,646
(1,716)-

1,495(1,147)-885(1,538)-Net income per share

Diluted net income per
share

Yen

Yen

20.44
(33.50)-

3Q 2010
3Q 2009(2) Consolidated financial position
Total assets

Net assets

Millions of yen

Equity ratio

Millions of yen

88,144
3Q 201091,837
Fiscal Year 2009
Reference: Shareholders’ equity (million yen)
3Q 2010:38,05837,90638,058

Net assets per share
%

Yen

43.2
41.3

878.75874.89Fiscal Year 2009:

37,892

2. Dividends
1Q-endDividend per share
3Q-end2Q-endYen

Full Year 2009
Full Year 2010
Full Year 2010 (forecasts)
Note: Revision of dividend forecast during the period: None

Yearend

Total

Yen

Yen

Yen

Yen

6.00
6.00

-

0.00

6.00

6.00

12.00

3. Consolidated Outlook for Fiscal Year 2010 (January 1, 2010 – December 31, 2010)
Net sales
Millions of yen(Percentages represent changes from the same period of the previous fiscal year)
Net income per
Operating income
Ordinary income
Net income
share% Millions of yen% Millions of yen

Full Year 2010
139,400 (5.4)
2,700Note: Revision of consolidated outlook during the period: None

2,750

% Millions of yen

%

Yen

-

-

47.33

2,050

4. Other (Please refer to “2. Other Information” on page 4 of the attached documents 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 2010:47,630,393 sharesFiscal Year 2009:

47,630,393 sharesFiscal Year 2009:

4,319,385 shares

3Q 2009:45,939,790 shares

2) Number of treasury stock at end of period
3Q 2010:

4,320,336 shares

3) Average number of shares outstanding during the period
3Q 2010:43,310,364 shares* Disclosure regarding the implementation of quarterly review procedures
These quarterly financial results materials are not subject to quarterly review procedures based on the Financial Instruments
and Exchange Act. Thus, at the time of disclosure of these quarterly financial results materials, 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 2010

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

5(1) Quarterly Consolidated Balance Sheets

5(2) Quarterly Consolidated Statements of Income7(3) Quarterly Consolidated Statements of Cash Flows

8(4) Going Concern Assumption

10(5) Segment Information

10(6) Significant Changes in Shareholders’ Equity

11

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Senshukai Co., Ltd. (8165) Financial Report for the Third Quarter of Fiscal Year 2010

1. Qualitative Information on Quarterly Consolidated Financial Performance(1) Qualitative Information Regarding Consolidated Results of Operations
In the cumulative third quarter (January 1, 2010 to September 30, 2010) of the current fiscal year, the Japanese
economy showed some signs of recovery as corporate earnings improved, but uncertainty grew due to the sluggish
eurozone economy, sharp yen appreciation triggered by concerns of a slowing recovery of the US economy, andweak share prices.
In the retail industry, personal consumption has yet to meaningfully recover as consumers remain thrifty and exhibit
a strong preference for low-priced items. Also, sales of autumn and winter apparel were weaker than normal due tothe unusually hot and long summer this year.
In this environment, the Senshukai Group pulls together to achieve the targets of its medium-term management plan
which concludes in Fiscal Year 2010, the current fiscal year.
Net sales in the cumulative third quarter declined 8.5% year-over-year to 97,603 million yen.
Operating income improved from a 1,716 million yen loss in the same period of the previous fiscal year to a 1,646
million yen gain in the cumulative third quarter period of the current fiscal year, despite a decline in sales, due to a
decline in the cost-of-sales ratio and cuts to SG&A expenses.
Ordinary income improved from a 1,147 million yen loss to a 1,495 million yen gain, and net income improved
from a 1,538 million yen loss to an 885 million yen gain.
Segment information(Mail-order Business)
Consolidated sales in the mail-order business, which comprises the catalog and the hanpukai businesses, decreased
11.0% year-over-year to 84,604 million yen in the cumulative third quarter due to weak sales of autumn and winterapparel resulting from an unusually hot August and lingering summer heat in September.
In terms of profits, operating income improved to 1,579 million yen, compared with a loss of 1,420 million yen in
the same period of the previous fiscal year, due to reductions in catalog costs and SG&A expenses.
(1) Catalog business
Consolidated sales in the catalog business decreased 10.9% year-over-year to 77,457 million yen in the cumulative
third quarter.
(2) Hanpukai business
Consolidated sales in the hanpukai business declined 12.4% year-over-year to 7,147 million yen in the cumulative
third quarter.
(Other Businesses)
The “other businesses” segment consists of the services business which primarily offers travel and credit card
services, the storefront business, the pet business, the corporates business which provides products and services tocorporations, and the wedding business. Consolidated sales in this segment increased 12.0% year-over-year to
12,998 million yen in the cumulative third quarter. Operating income totaled 0 million yen, compared with anoperating loss of 350 million yen in the same period of the previous fiscal year.

-2-Senshukai Co., Ltd. (8165) Financial Report for the Third Quarter of Fiscal Year 2010(2) Qualitative Information Regarding Consolidated Financial Position(Balance sheet position)
Assets totaled 88,144 million yen at the end of the third quarter of the current fiscal year, down 3,693 million yen
from the end of the previous fiscal year.
Current assets decreased 2,327 million yen to 39,789 million yen. The main factors were decrease of 2,222 million
yen in notes and accounts receivable-trade, 1,788 million yen in accounts receivable-other and 1,007 million yen in
cash and deposits, and an increase of 2,343 million yen in merchandise and finished goods. Noncurrent assets
decreased 1,365 million yen to 48,354 million yen, mainly due to an increase of 404 million yen in intangible assets,
and decreases of 732 million yen in property, plant and equipment and 1,038 million yen in investments and otherassets.
Current liabilities decreased 1,706 million yen to 39,615 million yen. The main factors were decreases of 2,243
million yen in accounts payable-factoring and 1,392 million yen in short-term loans payable, and an increase of
1,242 million yen in notes and accounts payable-trade. Noncurrent liabilities decreased 2,138 million yen to 10,470
million yen, mainly due to decreases in long-term loans payable of 1,432 million yen and bonds payable of 733
million yen.
Net assets increased 151 million yen to 38,058 million yen. The main factors were decreases of 249 million yen indeferred gains or losses on hedges and 176 million yen in valuation difference on available-for-sale securities, andan increase in retained earnings of 672 million yen. Consequently, the equity ratio was 43.2%.
(Cash flow position)
The balance of cash and cash equivalents at the end of the third quarter of the current fiscal year was 7,625 million
yen, a decrease of 1,169 million yen from the end of the previous fiscal year.
Operating activities provided net cash of 3,899 million yen. The main contributing factors were a 2,173 million yen
decrease in notes and accounts receivable-trade, depreciation of 1,791 million yen, an increase of 1,243 million yen
in notes and accounts payable-trade, and income before income taxes and minority interests of 1,162 million yen.
Negative factor included a 2,373 million yen increase in inventories.
Investing activities used net cash of 1,239 million yen. The main cash inflow was a 400 million yen proceeds fromredemption of investment securities. The main cash outflows were 1,035 million yen for the purchase of intangible
assets, and 793 million yen for the purchase of property, plant and equipment.
Financing activities used net cash of 3,808 million yen. The main cash inflow was a 600 million yen proceeds fromlong-term loans payable, while cash outflows include a repayment of long-term loans payable of 1,924 million yen,a net decrease in short-term loans payable of 1,500 million yen, and redemption of bonds of 733 million yen.
(3) Qualitative Information Regarding Consolidated Outlook
Regarding the outlook for the full fiscal year, Senshukai does not expect to see a meaningful recovery in theeconomy, and believes the business outlook is extremely uncertain due to the weak recovery in personal
consumption.
Senshukai does not change the business forecasts for the current fiscal year (January 1, 2010 to December 31, 2010)that it released on July 23, 2010. It also maintains its non-consolidated outlook.

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Senshukai Co., Ltd. (8165) Financial Report for the Third Quarter of Fiscal Year 2010

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 of the current fiscal year. 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 were calculated by first estimating the effective tax rate after the application of tax effectaccounting with respect to income before income taxes and minority interests during the fiscal year, and multiplyingthat rate by the quarterly income before income taxes and minority interests. However, the Company uses legally
stipulated effective tax rates to calculate tax expenses for cases in which using estimated tax rates gives a noticeably
irrational result. Income taxes-deferred were included and displayed with income taxes.
(3) Overview of Changes in Accounting Principles, Procedures, Presentation Methods, etc.
(Application of Accounting Standards for Business Combinations)
Beginning with the third quarter of the current fiscal year, “Accounting Standard for Business Combinations”(Accounting Standards Board of Japan (ASBJ) Statement No. 21, December 26, 2008), “Accounting Standard forConsolidated Financial Statements” (ASBJ Statement No. 22, December 26, 2008), “Partial Amendments to
Accounting Standard for Research and Development Costs” (ASBJ Statement No. 23, December 26, 2008),“Accounting Standard for Business Divestitures” (ASBJ Statement No. 7, December 26, 2008), “AccountingStandard for Equity Method of Accounting for Investments” (ASBJ Statement No. 16, December 26, 2008), and“Guidance on Accounting Standard for Business Combinations and Accounting Standard for Business Divestitures”(ASBJ Guidance No. 10, December 26, 2008) have been adopted.

-4-Senshukai Co., Ltd. (8165) Financial Report for the Third Quarter of Fiscal Year 2010

3. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Million yen)
Fiscal Year 2009 Summary(As of Dec. 31, 2009)

3Q 2010(As of Sep. 30, 2010)
AssetsCurrent assets
Cash and deposits

7,605

8,613

Notes and accounts receivable-trade

8,026

10,248

Short-term investment securities

20

182

Merchandise and finished goods

13,31010,967

Raw materials and supplies

139

112

Accounts receivable-other

5,779

7,568

Other

5,140

4,719

Allowance for doubtful accounts

(232)

(294)

Total current assets

39,78942,117

Buildings and structures, net

14,16014,219Land

10,98011,078Other, net

2,179

2,753

Total property, plant and equipment

27,32028,052

Goodwill

2,655

2,793

Other

3,298

2,756

Total intangible assets

5,954

5,549

Noncurrent assets
Property, plant and equipment

Intangible assets

Investments and other assets
Investment securities

8,398

9,378

Other

6,877

6,950

Allowance for doubtful accounts

(195)

(210)

Total investments and other assets

15,07916,11848,35449,72088,144

91,837

Total noncurrent assets
Total assets-5-Senshukai Co., Ltd. (8165) Financial Report for the Third Quarter of Fiscal Year 2010

(Million yen)
Fiscal Year 2009 Summary(As of Dec. 31, 2009)

3Q 2010(As of Sep. 30, 2010)
Liabilities
Current liabilities
Notes and accounts payable-trade

8,177

6,934

Short-term loans payable

4,530

5,923

Current portion of bonds

766

766

Accounts payable-factoring

11,464

13,707

Income taxes payable

172

271

Provision for sales promotion expenses

579

526

Forward exchange contracts

3,383

3,045

Other

10,541

10,146

Total current liabilities

39,61541,321

Bonds payable

3,319

4,052

Long-term loans payable

6,151

7,584

Provision for retirement benefits

36

35

Other

963

937

10,47012,60950,08553,930Capital stock

20,35920,359

Capital surplus

21,03821,038Retained earnings

10,189

9,517

Treasury stock(2,775)(2,774)

Total shareholders’ equity

48,812

48,140

Valuation difference on available-for-sale securities(1,189)(1,013)

Deferred gains or losses on hedges(2,294)(2,044)

Revaluation reserve for land

Noncurrent liabilities

Total noncurrent liabilities
Total liabilities
Net assets
Shareholders’ equity

Valuation and translation adjustments(7,115)(7,067)

Foreign currency translation adjustment

(154)

(122)

Total valuation and translation adjustments(10,753)(10,247)

Minority interests
Total net assets
Total liabilities and net assets

-6-

-

14

38,05837,90688,144

91,837

Senshukai Co., Ltd. (8165) Financial Report for the Third Quarter of Fiscal Year 2010(2) Quarterly Consolidated Statements of Income(For the Nine-month Period)

Net sales

3Q 2009(Jan. 1, 2009 – Sep. 30, 2009)
106,671(Million yen)
3Q 2010(Jan. 1, 2010 – Sep. 30, 2010)
97,603

Cost of sales

56,70849,529Gross profit

49,96348,073

Selling, general and administrative expenses

51,67946,427

Operating income (loss)(1,716)

1,646Interest income

7053

Dividends income

9485

Non-operating income

1,101

-

-

105

271

249

1,537

492

Interest expenses

230

213

Loss on valuation of compound financial instruments

12

184

Equity in losses of affiliates

46-

Foreign exchange gains
Co-sponsor fee
OtherTotal non-operating income
Non-operating expenses-

116

Bond issuance cost

127-

Commission fee

450

-

Other

100

128

Total non-operating expenses

968

643

(1,147)

1,495

Gain on sales of noncurrent assets-

13

Reversal of allowance for doubtful accounts-

28

Gain on negative goodwill

-

6

Other

-

0

Total extraordinary income-

48

Loss on sales and retirement of noncurrent assets

22

29

Loss on valuation of investment securities

44

253

Loss on liquidation of business

86

21

Impairment loss

54

43

Provision of allowance for doubtful accounts-

23

Loss on valuation of golf club membership-5

Foreign exchange losses

Ordinary income (loss)
Extraordinary income

Extraordinary loss

Other

13

4

Total extraordinary losses

221

381

(1,368)

1,162

Income taxes

203

264

Minority interests in income (loss)

(33)

12

(1,538)885

Income (loss) before income taxes and minority interests

Net income (loss)-7-

Senshukai Co., Ltd. (8165) Financial Report for the Third Quarter of Fiscal Year 2010(3) Quarterly Consolidated Statements of Cash Flows(Million yen)
3Q 2009
3Q 2010(Jan. 1, 2009 – Sep. 30, 2009) (Jan. 1, 2010 – Sep. 30, 2010)
Net cash provided by (used in) operating activities
Income (loss) before income taxes and minority interests(1,368)1,162

Depreciation and amortization

1,860

1,791

Impairment loss

54

43

Gain on negative goodwill-(6)

Increase (decrease) in allowance for doubtful accounts

(54)

(76)

Increase (decrease) in allowance for sales promotion expenses

66

52

Interest and dividends income

(164)

(138)

Interest expenses

230

213

(1,200)

96

46

(46)

Loss (gain) on valuation of compound financial instruments

12

184

Bond issuance cost

127-

Loss (gain) on sales and retirement of noncurrent assets

22

16

Loss (gain) on sales of investment securities-

4

Loss (gain) on valuation of investment securities

44

253

Foreign exchange losses (gains)
Equity in (earnings) losses of affiliates

Loss on valuation of golf club memberships
Decrease (increase) in notes and accounts receivable-trade

-

5

(841)

2,173

450

(2,373)

Decrease (increase) in other current assets

2,715

1,158

Increase (decrease) in notes and accounts payable-trade

(672)

1,243

Increase (decrease) in accrued consumption taxes

(115)

(265)

Decrease (increase) in inventories(3,912)(1,462)Other, net

(169)

226

Subtotal(2,868)4,256

Increase (decrease) in other current liabilities

Interest and dividends income received

195

141

Interest expenses paid

(201)

(241)

Payments for cancelation money on derivative contract
Income taxes paid
Net cash provided by (used in) operating activities-8-(3,760)

-

(145)

(255)

(6,779)3,899

Senshukai Co., Ltd. (8165) Financial Report for the Third Quarter of Fiscal Year 2010

(Million yen)
3Q 2009
3Q 2010(Jan. 1, 2009 – Sep. 30, 2009) (Jan. 1, 2010 – Sep. 30, 2010)
Net cash provided by (used in) investing activities(1,067)

(793)

-

169

Purchase of intangible assets(543)(1,035)Purchase of investment securities

(88)

(20)

Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment

Proceeds from sales of investment securities-

4

Proceeds from redemption of investment securities-

400

Proceeds from withdrawal of time deposits

200-

Purchase of investments in subsidiaries

(65)

(20)

-

(73)

Purchase of stocks of subsidiaries and affiliates
Proceeds from sales of investments in subsidiaries
Other, net
Net cash provided by (used in) investing activities

-

49

152

78

(1,412)(1,239)(1,000)(1,500)Net cash provided by (used in) financing activities
Net increase (decrease) in short-term loans payable
Proceeds from long-term loans payable

7,184

600

Repayment of long-term loans payable(1,558)(1,924)

Proceeds from issuance of bonds

4,872

-

Redemption of bonds

(383)

(733)

(2,142)

(0)

0

0

(681)

(242)

-

(7)

6,291

(3,808)Purchase of treasury stock
Proceeds from sales of treasury stock
Cash dividends paid
Other, net
Net cash provided by (used in) financing activities

(7)

(20)

Net increase (decrease) in cash and cash equivalents(1,908)(1,169)Cash and cash equivalents at beginning of period
Increase in cash and cash equivalents from newly consolidated
subsidiary

8,186

8,795

195

-

Cash and cash equivalents at end of period

6,473

7,625

Effect of exchange rate change on cash and cash equivalents-9-Senshukai Co., Ltd. (8165) Financial Report for the Third Quarter of Fiscal Year 2010

(4) Going Concern Assumption
Not applicable.

(5) Segment Information
Business segments
3Q 2009 (Jan. 1, 2009 – Sep. 30, 2009)(Million yen)

Mail-orderbusiness

Other businesses

Elimination or
corporate

Total

Consolidated

Net sales(1) Sales to customers

95,068

11,603

106,671-

106,671(2) Inter-segment sales

1,069

1,073

2,143

(

2,143)-

96,13812,677

108,815(

2,143)

106,671(1,420)(350)(1,770)54(1,716)

Total
Operating income (loss)

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, services, and transportation

3. Change in accounting policy“Accounting Standards for Measurement of Inventories” (ASBJ Statement No. 9) has been adopted with effect from thefirst quarter of the current fiscal year. As an effect of this change, operating loss in the mail-order business increased by
994 million yen in the cumulative third quarter of the current fiscal year. There is no effect on other businesses.
3Q 2010 (Jan. 1, 2010 – Sep. 30, 2010)(Million yen)

Mail-orderbusiness

Other businesses

Elimination or
corporate

Total

Consolidated

Net sales
84,604(1) Sales to customers

12,99897,603-

97,603

1,467

420

1,887

(

1,887)-

Total

86,072

13,41999,491(

1,887)

97,603Operating income

1,579

0

1,580

66

1,646

(2) Inter-segment sales

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

Geographical segment information
3Q 2009 (Jan. 1, 2009 – Sep. 30, 2009), 3Q 2010 (Jan. 1, 2010 – Sep. 30, 2010)
Geographic segment information has not been presented because the Company and its consolidated subsidiaries have conducted
over 90% of their total net sales in Japan.

Overseas sales
3Q 2009 (Jan. 1, 2009 – Sep. 30, 2009), 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 2010(6) Significant Changes in Shareholders’ Equity
Senshukai reduced the amount of legal capital surplus and transferred this to its other capital surplus, and reduced
the entire amount of general reserve and transferred the same amount to retained earnings brought forward, in linewith a resolution adopted at its annual general meeting of shareholders held on March 30, 2010.
(1) Purpose of reducing legal capital surplus
For the purpose of ensuring flexibility and mobility of its future capital policy, Senshukai reduced the amount oflegal capital surplus and transferred the same amount to other capital surplus in line with Article 448, Clause 1 of
the Company Act.
i) Amount of decline in reserves
Legal capital surplus: 7,000,000,000 yen of 19,864,139,367 yenii) Increase in surplus item and amount
Other capital surplus: 7,000,000,000 yen(2) Treatment of surplus
For the purpose of covering for the loss in retained earnings brought forward and to ensure flexibility and mobilityof the capital policy, Senshukai reduced the entire amount of general reserve and transferred the same amount toretained earnings brought forward in line with Article 452 of the Company Act.
i) Decline in surplus item and amount
General reserve: 13,600,000,000 yenii) Increase in surplus item and amount
Retained earnings brought forward: 13,600,000,000 yen* 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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