Summary Report of Consolidated Financial Results
For the First Quarter Ended September 30, 2010

(All financial information has been prepared in accordance with accounting principles generally accepted in Japan.)
Don Quijote Co., Ltd.
Securities Code No.: 7532
Shares Listed:Tokyo Stock Exchange
Address:
2-19-10 Aobadai, Meguro-ku, Tokyo
Representative:
Junji Narusawa, President and Representative Director
Contact:
Mitsuo Takahashi, Senior Managing Director (Phone: +81-3-5725-7588)
URL:
http://www.donki.com(Amounts in million yen are rounded off to the nearest million)
1. Overview of Business Results and Financial Position for the first quarter of fiscal 2011 (From July 1, 2010 to September30, 2010)(1) Results of Business Operations(Millions of yen, except per-share data)
Operating
Ordinary
ChangeNet Sales
Change (%)
Change (%)
IncomeIncome(%)
Three Months Ended
124,716
0.9
6,881
32.9
6,422
32.3
September 30, 2010
Three Months Ended
123,583
3.0
5,178
13.6
4,855
4.9
September 30, 2009

Net Income

Change (%)

Net Income
Per Share (Yen)Net Income Per
Share-fully
diluted (Yen)

3,085

△13.5

42.78

40.09

3,56860.051.56

48.12

Three Months Ended
September 30, 2010
Three Months Ended
September 30, 2009
(2) Financial Position(Millions of yen, except per-share data)
Ratio of Shareholders’Equityto Total Assets (%)

Net assets
per Share (Yen)

Total Assets

Net assets

321,638

108,65033.3

1,482.99

302,029

106,760

34.9

1,460.81

As of September 30,
2010
Last Fiscal Year
2. Dividends

Yen
Three Months
Ended September
30
Year Ended June 30,
2010
Year Ending June 30,
2011Year Ending June 30,
2011 (Forecast)

Six Months Ended
December 31

Nine Months
Ended March 31

Year Ended June30

Total－

10.00

－

15.00

25.00

－－－－－－

10.00

－

15.00

25.00

(Note) Revision to the dividend forecast in the first quarter of fiscal 2011: None
3. Consolidated Business Forecast： For the year ending June 30, 2011 (From July 1, 2010 to June 30, 2011)(Millions of yen, except per-share data)

Six Months
EndingDecember 31,
2010
Year Ending
June 30, 2011

Net Sales

Change(%)

Operating
IncomeChange(%)

Ordinary
IncomeChange(%)

Net
IncomeChange(%)

Net Incomeper Share(Yen)

258,000

2.9

12,50012.6

11,800

8.9

6,100

0.0

79.39

510,0004.6

23,0009.2

22,0004.2

11,60013.3

150.98(Notes) Revision to the business forecast in the first quarter of fiscal 2011: Yes

4. Others(1) Significant changes in subsidiaries (Changes in subsidiaries resulting in changes in the scope of consolidation): No(2) Simplified accounting methods and special accounting methods for preparation of the quarterly consolidated
financial statements: Yes① Calculation of provision for doubtful accounts
Credit loss ratio of the previous fiscal year end was used to calculate the provision for bad debts for the currentfirst quarter.
② Method for assessing the value of inventories
Inventories at the end of the first quarter are mainly calculated using a reasonable method based on book value,
no physical inventory count is taken. In addition, the carrying amount of inventories is reduced to estimated net
selling value only where there is an obvious decrease in profitability.
③ Calculation of depreciation expenses for fixed assets
For fixed assets where depreciation is calculated by declining-balance method, the annual depreciation is
proportionately allocated to each quarter.
④ Computation method for income taxes, deferred tax assets and deferred tax liabilities
The recoverability of deferred tax assets was assessed based on the projections of future performance and tax
planning that were used in the prior fiscal year but also by taking into account the effects of significant changes ifsuch significant changes were recognized in the business environment or in the circumstances where temporary
differences occur during the period from the end of the prior fiscal year to September 30, 2010.
(3) Changes in accounting policies concerning preparation of quarterly consolidated financial statements① Changes in line with revision to accounting standards: Yes② Other changes: None
(4) Number of outstanding shares (Common stock)① Number of outstanding shares (Treasury stock included)
September 30, 2010
72,249,769 shares
June 30, 2010
72,095,109 shares② Number of treasury stock
September 30, 2010
533 shares
473 shares
June 30, 2010
③ Average number of outstanding shares during the period
September 30, 2010
72,102,709 shares
September 30, 2009
69,199,771 shares※Explanation regarding the appropriate use of forecasts of business results
The financial forecasts of business results are based on judgments and estimates that have been made using ofcurrently available information. By nature, such financial forecasts are subject to uncertainties and risks. Therefore,
the final results might be significantly different from the aforementioned forecasts due to changes in economic
environments related to our business, market trends and exchange rate, etc.

Consolidated Balance Sheets(Millions of yen)
As of September 30,

As of June 30,

2010

2010

AmountAmountAssets
Current assets
Cash and deposits¥57,817¥41,734

Notes and Accounts receivable-trade

4,362

4,045

Merchandise and finished goods

77,08974,452

Other

6,532

8,020

(56)

(53)

145,744

128,198

Buildings and structures, net

51,31449,961Tools, furniture and fixtures, net

8,776

8,711

Land

64,28364,378

Allowance for doubtful accounts
Total current assets

Noncurrent assets
Property, plant and equipment

Other, net
Total property, plant and equipment
Intangible assets

2,148

684

126,521

123,734

2,750

2,721

Investments and other assets
Investment securities

5,309

6,297

Lease and guarantee deposits

34,09633,674Other

10,538

10,566

Allowance for doubtful accounts(3,320)(3,161)

Total investments and other assets

46,62347,376

Total noncurrent assets

175,894

173,831¥321,638¥302,029

Total assets

(Millions of yen)
As of September 30,

As of June 30,

2010

2010

AmountAmountLiabilities
Current liabilities
Accounts payable-trade¥45,594¥42,670

Short-term loans-payable

2,831

698

Current portion of long-term loans payable

11,503

10,834Current portion of bonds

42,70741,507

Current portion of convertible bonds

8,345

8,625

Income taxes payable

2,551

4,014

Provision for point card certificates

233

247

Other provision

173

72

Other

14,727

13,338

Total current liabilities

128,664

122,005

37,09733,851

Noncurrent liabilities
Bonds payable
Convertible bonds

350

350

Long-term loans payable

26,706

20,379Derivatives liabilities

3,133

2,848

Provision for retirement benefits

86

84

Provision for directors' retirement benefits

366

375

Negative goodwill

3,091

3,306

Asset retirement obligations

1,641

―

Other

11,854

12,071

Total noncurrent liabilities

84,32473,264

212,988

195,269

Capital stock

15,19015,049

Capital surplus

17,997

17,856

Retained earnings

76,35674,503(1)(1)

109,542

107,407

Total liabilities
Net assets
Shareholders' equity

Treasury stock
Total shareholders' equity
Valuation and translation adjustments
Valuation difference on available-for-sale securities

(130)

(104)

Foreign currency translation adjustment(2,267)(1,986)

Total valuation and translation adjustments(2,397)(2,090)

Subscription rights to shares
Minority interests

Total net assets
Total liabilities and net assets

00

1,505

1,443

108,650

106,760¥321,638¥302,029

Consolidated Statements of Income(Millions of yen)

Net sales

Three months ended

Three months ended

September 30, 2010

September 30, 2009

AmountAmount¥124,716¥123,583

92,62792,72632,08930,85725,20825,679

6,881

5,178

Interest and dividends income

152

153

Amortization of negative goodwill

214

214

Other

331

211

Total non-operating income

697

578

Interest expenses

416

341

Loss on valuation of derivatives

285

397

Other

455

163

1,156

901

6,422

4,855

Gain on sales of noncurrent assets－380

Gain on redemption of convertible bonds

－221

Other

569

Total extraordinary income

5670

Loss on retirement of noncurrent assets

2293

Loss on valuation of investment securities

1530

Loss on closing of stores

8872682－

Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income

Non-operating expenses

Total non-operating expenses
Ordinary income
Extraordinary income

Extraordinary losses

Loss on adjustment for changes of accounting standard for
asset retirement obligations
Other
Total extraordinary losses
Income before income taxes and minority interests
Income taxes - Current

280

77

1,087

272

5,340

5,253

2,416

1,777

Income taxes - Deferred(287)(197)

Total income taxes

2,129

1,580

Income before minority interests
Minority interests in income
Net income

3,211

－

126

105

¥3,085¥3,568

Consolidated Statements of Cash Flows(Millions of yen)

Net cash provided by (used in) operating activities:
Income before income taxes and minority interests
Depreciation and amortization
Amortization of negative goodwill
Increase (decrease) in provisionInterest and dividends income
Interest expenses
Loss on valuation of derivatives
Gain on sale of noncurrent assets
Gain on redemption of convertible bonds
Loss on valuation of investment securities
Loss on adjustment for changes of accounting standard for asset
retirement obligations
Decrease (increase) in notes and accounts receivable-trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable-trade
Other, net
Sub totalInterest and dividends income received
Interest expenses paid
Income taxes paid
Net cash provided by operating activities

Three months ended

Three months ended

September 30, 2010

September 30, 2009AmountAmount¥5,3402,197(214)
81(152)
416
285－
－
15

¥5,253
2,058
(214)
(94)
(153)
341
397
(380)
(221)
30

682

－

(313)
(2,672)
3,093
1,381
10,139106(583)(3,688)
5,974

516
2,049
(977)
(595)
8,010
108(560)(3,084)
4,474

Net cash provided by (used in) investing activities:
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Payments for lease and guarantee deposits
Proceeds from collection of lease and guarantee deposits
Purchase of investment securities
Proceeds from sales of investment securities
Other, net
Net cash used in investing activities(20,100)
3,114(2,998)－(284)
632－
927
(362)
(19,071)(1,160)22(3,066)
1,166(180)338(13)
6(582)(3,469)Net cash provided by (used in) financing activities:
Net increase in short-term loans payable
Proceeds from long-term loans payable
Repayment of long-term loans payable
Net increase in commercial papers
Proceeds from issuance of bonds
Redemption of bonds
Redemption of convertible bonds
Cash dividends paid
Other, net
Net cash provided by (used in) financing activities

2,133
10,000(3,004)－9,000(4,554)－(1,081)(28)¥12,466

10,306
3,400(2,670)9,488
3,000(4,413)(19,950)(899)
157¥(1,581)(Millions of yen)Three months ended

Three months ended

September 30, 2010

September 30, 2009

AmountAmountEffect of exchange rate change on cash and cash equivalents
Net decrease in cash and cash equivalents

¥(73)
(704)

¥(54)
(630)

Cash and cash equivalents at beginning of period

38,91142,0408－(215)－－62¥38,000¥41,472

Increase in cash and cash equivalents from newly consolidated
subsidiary
Decrease in cash and cash equivalents resulting from exclusion ofsubsidiaries from consolidation
Increase in cash and cash equivalents resulting from merger
between consolidated and unconsolidated subsidiaries
Cash and cash equivalents at end of period

Segment Information
For the first quarter ended September 30, 2010
1. Overview of Reporting Segments
The Company’s reporting segments are those for which financial information separate from that of other units
comprising the Group can be obtained. These reporting segments are the subject of regular reviews by the board ofdirectors for determining the allocation of management resources and assessment of business results.
The Group regards “Retail business” and “Rent business” as reporting segments from scope of business. The “Retailbusiness” presents stores such as "Don Quijote", "MEGA Don Quijote", "Nagasakiya", "Doit". The “Rent business”
operates a tenant invitation in the shopping malls and management.
2. Information concerning sales and income (loss) by reporting segment
For the first quarter ended September 30, 2010

(Millions of yen)

Reporting segment
Retailbusiness

Rentbusiness

Sub Total

Others(Note 1)

¥119,844¥3,966¥123,810¥906¥124,716¥－¥124,716

－

624

624

224

848(848)－

Total

119,844

4,590

124,434

1,130

125,564(848)

124,716

Segment income¥5,473¥1,240¥6,713¥116¥6,829¥52¥6,881

Total

Adjustment Consolidated(Note 2)
(Note 3)

Sales, Segment income
Sales
Sales to third parties
Intersegment sales

Notes
1. The other businesses segment includes the services of real estate business, marketing business, cellular phones sales
business that are not included in other reporting segments.
2. The segment adjusted income of ¥52 million is an intersegment elimination.
3. Segment income is adjusted with operating income.
3. There are no applicable items concerning impairment of fixed assets or goodwill.
In a retail business segment, goodwill has newly increased ¥66 million with having taken over a business about themembership system wholesale type retail business in ｔhe first quarter ended September 30, 2010.
(Additional Information)
Effective from the first quarter of the current fiscal year, the Company adopted the “Accounting Standard forDisclosures about Segments of an Enterprise and Related Information” (ASBJ Statement No. 17, March 27, 2009) and“Guidance on Accounting Standard for Disclosures about Segments of an Enterprise and Related Information” (ASBJ
Guidance No. 20, March 21, 2008).

For the first quarter ended September 30, 2009
a. Operating segment information
For the first quarter ended September 30, 2009
DiscountStorebusiness(Millions of yen)
GMS

Rent

business business

Others

Total

Corporateeliminations

Consolidated

Sales, Operating income (loss)
Sales
Sales to third parties
Intersegment sales
Total
Operating income (loss)¥102,530 ¥16,483¥4,136¥434¥123,583¥－¥123,583

131

3631

237

1,002

(1,002)－

102,661

16,486

4,767

671

124,585(1,002)

123,583¥4,322¥(125) ¥1,047¥83¥5,327¥(149)¥5,178b. Geographic segment information
For the first quarter ended September 30, 2009, net sales in Japan accounted for more than 90% of those of all thesegments. Consequently, details of each geographic segment information are not presented.
c. Sales outside JapanFor the first quarter ended September 30, 2009, sales outside of Japan amounted less than 10% of the consolidated net
sales, and therefore the information is not presented.

Notes on the going-concern assumption
Not applicable

Notes on significant changes in the amount of shareholders’ equity
Not applicable