Summary Report of Consolidated Financial Results
For the Third Quarter Ended March 31, 2011

(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 third quarter of fiscal 2011 (From July 1, 2010 to March 31,
2011)(1) Results of Business Operations(Millions of yen, except per-share data)
Operating
Ordinary
ChangeNet Sales
Change (%)
Change (%)
IncomeIncome(%)
Nine Months Ended
382,486
2.7
20,22422.0
20,045
20.6
March 31, 2011
Nine Months Ended
372,271
2.3
16,57729.3
16,62048.4
March 31, 2010

Net Income
Nine Months Ended
March 31, 2011
Nine Months Ended
March 31, 2010

Change (%)

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

10,072

7.2

134.40130.80

9,392

122.2

135.33126.40(2) Financial Position(Millions of yen, except per-share data)
Total Assets

Net assets

358,230
302,029

123,505
106,760

Ratio of Shareholders’Equityto Total Assets (%)
33.8
34.9

Six Months Ended
December 31

YenNine Months
Ended March 31

As of March 31, 2011
Last Fiscal YearNet assets
per Share (Yen)
1,574.13
1,460.81

2. Dividends
Three Months Ended
September 30
Year Ended June 30,
2010
Year Ending June 30,
2011Year Ending June 30,
2011 (Forecast)

－

10.00

－

－

10.00

－

Year Ended June
30

Total

15.00

25.00

15.00

25.00

(Note) Revision to the dividend forecast in the third 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)

Year Ending
June 30, 2011

Net Sales

Change(%)

Operating
IncomeChange(%)

Ordinary
IncomeChange(%)

Net
IncomeChange(%)

Net Income
per Share(Yen)

500,000

2.5

24,50016.3

23,50011.3

12,50022.1

162.42(Notes) Revision to the business forecast in the third quarter of fiscal 2011: None4. Others(1) Significant changes in subsidiaries (Changes in subsidiaries resulting in changes in the scope of consolidation): Yes
Newly consolidated: two companies (Fidec Corporation, Koigakubo SC TMK)

Excluded: －(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 current
third quarter.
② Method for assessing the value of inventories
Inventories at the end of the third 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 March 31, 2011.
(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)
March 31, 201176,962,380 shares
June 30, 2010
72,095,109 shares② Number of treasury stock
March 31, 2011
1,244 shares
473 shares
June 30, 2010
③ Average number of outstanding shares during the period
March 31, 2011
74,940,562 shares
March 31, 2010
69,406,778 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 March 31,

As of June 30,

2011

2010

AmountAmountAssetsCurrent assets
Cash and deposits¥51,590¥41,734

Notes and Accounts receivable-trade

4,418

4,045

Purchased receivables

6,893

―

Merchandise and finished goods

78,44474,452

Other

7,612

8,020

(53)

(53)

148,904

128,198

Buildings and structures, net

57,062

49,961Tools, furniture and fixtures, net

9,394

8,711

Land

87,25264,378

Allowance for doubtful accounts
Total current assets

Noncurrent assets
Property, plant and equipment

Other, net
Total property, plant and equipment
Intangible assets

1,979

684

155,687

123,734

6,493

2,721

Investments and other assets
Investment securities

4,776

6,297

Lease and guarantee deposits

33,07033,674

Other

13,824

10,566

Allowance for doubtful accounts(4,524)(3,161)

Total investments and other assets

47,14647,376

Total noncurrent assets

209,326

173,831¥358,230¥302,029

Total assets

(Millions of yen)
As of March 31,

As of June 30,

2011

2010

AmountAmountLiabilities
Current liabilities
Accounts payable-trade¥40,301¥42,670

Short-term loans-payable

29,701

698

Current portion of long term loans payable

12,606

10,834Current portion of bonds

13,00741,507―

8,625

Commercial papers

3,298

―

Income taxes payable

4,451

4,014

Derivatives liabilities

2,807

―

168

247

Current portion of convertible bonds

Provision for point card certificates
Reserve for loss on disaster

1,367

―

130

72

Other

13,033

13,338

Total current liabilities

120,869

122,005

59,19433,851Other provision

Noncurrent liabilities
Bonds payable
Convertible bonds
Long-term loans payable
Derivatives liabilities

350

350

37,673

20,379139

2,848

Provision for retirement benefits―

84

Provision for directors' retirement benefits

363

375

Negative goodwill

2,663

3,306

Asset retirement obligations

1,660

―

Other

11,814

12,071

Total noncurrent liabilities

113,856

73,264

234,725

195,269

Capital stock

19,494

15,049

Capital surplus

22,296

17,856

Retained earnings

82,57574,503

Total liabilities
Net assets
Shareholders' equity

Treasury stock
Total shareholders' equity

(2)

(1)

124,363

107,407

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

(286)

(104)

Foreign currency translation adjustment(2,929)(1,986)

Total valuation and translation adjustments(3,215)(2,090)

Subscription rights to shares
Minority interests

Total net assets
Total liabilities and net assets

0

0

2,357

1,443

123,505

106,760¥358,230¥302,029

Consolidated Statements of Income
Nine months ended
March 31, 2011

(Millions of yen)
Nine months ended
March 31, 2010

AmountAmountNet sales¥382,486¥372,271

Cost of sales

285,190278,764

97,296

93,507

77,072

76,93020,224

16,577

Interest and dividends income

423

434

Amortization of negative goodwill

643

643

Other

980

1,026

2,046

2,103

1,282

1,232

108

404

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

Total non-operating income
Non-operating expenses
Interest expenses
Loss on valuation of derivatives
Other

835

424

2,225

2,060

20,045

16,620Gain on sales of noncurrent assets

20

442

Gain on redemption of convertible bonds―

221

Gain on step acquisitions

197―

Compensation income for expropriation

387

―

Other

496

218

1,100

881

Loss on valuation of investment securities

271

756

Loss on closing of stores

341

261

Impairment loss

457

14

Settlement package

64

354

Loss on disaster
Loss on adjustment for changes of accounting standard for
asset retirement obligations
Other

1,842

―

682

―

569

398

Total extraordinary losses

4,226

1,783

16,91915,718

Income taxes - Current

7,622

6,550

Income taxes - Deferred(1,127)(485)

Total income taxes

6,495

6,065

Total non-operating expenses
Ordinary income
Extraordinary income

Total extraordinary income
Extraordinary loss

Income before income taxes and minority interests

Income before minority interests
Minority interests in income
Net income

10,424

―

352

261

¥10,072¥9,392

Consolidated Statements of Cash Flows
Nine months ended
March 31, 2011
Amount(Millions of yen)
Nine months ended
March 31, 2010
Amount¥16,919
7,137
457
(643)
1,367
(8)
(423)
1,282
108
5
－
271

¥15,718
7,106
－
(643)
－
(16)
(434)
1,232
404
(442)
(221)
756

682

－

(449)
(4,475)2,612
756
25,598295(1,438)(7,062)
17,393944(1,134)
9,162
962
33,394318(1,350)(6,511)25,851(33,401)
25,623(32,624)482(20,298)
10,241(16,371)
1,371(2,637)

－

(449)
840
－
927

(928)
2,031
(50)
27

(4,935)

－

1,178

－

3
(492)
(45,485)825(311)(23,463)

13,802
3,287
28,300(9,796)
37,590(41,157)(8,754)
8,469
19,702(8,713)23,200(9,540)

Redemption of convertible bonds(25)(19,950)

Proceeds from issuance of common stock285－

Net cash provided by (used in) operating activities:
Income before income taxes and minority interests
Depreciation and amortization
Impairment loss
Amortization of negative goodwill
Provision for loss on disasterdecrease in other provisionInterest and dividends income
Interest expenses
Loss on valuation of derivatives
Loss (Gain) on sales of property, plant and equipment
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
Increase in inventories
Increase 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
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
Purchase of intangible assets
Payments for lease and guarantee deposits
Proceeds from collection of lease and guarantee deposits
Purchase of investment securities
Proceeds from sales of investment securities
Purchase of investments in subsidiaries resulting in change in scopeof consolidation
Proceeds from purchase of investments in subsidiaries resulting inchange in scope of consolidation
Proceeds from withdrawal of investments in silent partnership
Other, net
Net cash used in investing activities
Net cash provided by (used in) financing activities:
Net increase (decrease) in short-term loans payable
Net increase in commercial papers
Proceeds from long-term loans payable
Repayment of long-term loans payable
Proceeds from issuance of bonds
Redemption of bonds

(Millions of yen)
Nine months ended

Nine months ended

March 31, 2011

March 31, 2010

Cash dividends paid
Other, net
Net cash provided by financing activities

Amount¥(1,850)(78)
30,358Amount¥(1,595)
271
3,090

(267)

(140)

Effect of exchange rate change on cash and cash equivalents
Net increase in cash and cash equivalents

1,999

5,338

Cash and cash equivalents at beginning of period

38,91142,040

9

－

(215)

－

－

62

¥40,704¥47,440

Increase in cash and cash equivalents from newly consolidated
subsidiaries
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 third quarter ended March 31, 2011
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 of
directors 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 by reporting segment
For the third quarter ended March 31, 2011

(Millions of yen)

Reporting segment
RetailbusinessRentbusiness

Sub Total

Others(Note 1)

Total

Adjustment Consolidated(Note 2)
(Note 3)¥367,920¥11,614¥379,534¥2,952¥382,486¥－¥382,486

3

1,798

1,801

708

2,509

(2,509)－

Total

367,923

13,412

381,335

3,660

384,995(2,509)382,486

Segment income¥15,483¥3,719¥19,202¥756¥19,958¥266¥20,224

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 ¥266 million is an intersegment elimination.
3. Segment income is adjusted with operating income.
3. Information concerning impairment loss of fixed assets or goodwill by reporting segment
In the “Retail business” segment, the Company recognized impairment loss ¥390 million of fixed assets since it was notable to anticipate the profit that it assumed at first by the membership system wholesale type retail business which isoperated by a consolidated subsidiary, WR Co., Ltd. In addition, the Company recognized impairment loss ¥57 million of
fixed assets because we were not able to anticipate the profit that it assumed at first about some stores of the "retailbusiness" segment.
In the “Others” segment, the Company recognized goodwill ¥1,292 million because of the newly consolidation of Fidec
Corporation.

(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 third quarter ended March 31, 2010
a. Operating segment information
For the third quarter ended March 31, 2010
DiscountStorebusiness(Millions of yen)
GMS

Rent

Corporate

OthersTotal¥11,909¥1,365¥372,271¥－¥372,271

business businesseliminations

Consolidated

Sales, Operating income (loss)
Sales
Sales to third parties
Intersegment sales
Total
Operating income (loss)¥315,143 ¥43,854
203

3

1,657

673

2,536

(2,536)－315,346

43,857

13,566

2,038

374,807(2,536)372,271¥13,474¥(159)¥3,362¥419¥17,096¥(519)¥16,577b. Geographic segment information
For the third quarter ended March 31, 2010, 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 third quarter ended March 31, 2010, 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
The Company increases Capital Stock by ¥4,302 million and Capital surplus by ¥4,298 million for the third quarter
ended March 31, 2011 following the exercise of conversion of Convertible Bonds for the second quarter ended December
31, 2010.