Summary Report of Consolidated Financial Results
For the Second Quarter Ended December 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 second quarter of fiscal 2012 (From July 1, 2011 toDecember 31, 2011)(1) Results of Business Operations(Millions of yen, except per-share data)
Operating
Ordinary
ChangeNet Sales
Change (%)
Change (%)
IncomeIncome(%)
Six Months Ended
276,939
8.4
17,21821.3
16,451
17.2
December 31, 2011
Six Months Ended
255,4811.9
14,19327.9
14,031
29.5
December 31, 2010
(Note) Comprehensive income: 11,754 million yen [71.3%] (FY 2012.6 2Q), 6,861 million yen [－%] (FY 2011.6 2Q)

Net Income
Six Months Ended
December 31, 2011
Six Months Ended
December 31, 2010

Change (%)

Net Income
Per Share (Yen)Net Income Per
Share-fullydiluted (Yen)

11,93558.1

154.90154.56

7,549

23.8

102.0398.10(2) Financial Position(Millions of yen, except per-share data)
Total Assets

Ratio of Shareholders’Equityto Total Assets (%)

Net assets

As of December 31,
380,139
137,17835.5
2011
Last Fiscal Year341,300
125,242
36.2(Reference) Equity: 135,045 million yen (as of December 31, 2011), 123,606 million yen (as of June 30, 2011)
2. Dividends
Three Months Ended
September 30
Year Ended June 30,
2011Year Ending June 30,
2012Year Ending June 30,
2012 (Forecast)

Six Months Ended
December 31

－

10.00

－

10.00

Yen
Nine Months
Ended March 31

Year Ended June30

Total

－

18.00

28.00

－

18.00

28.00

(Note) Revision to the dividend forecast in the second quarter of fiscal 2012: None
3. Consolidated Business Forecast： For the year ending June 30, 2012 (From July 1, 2011 to June 30, 2012)(Millions of yen, except per-share data)

Year Ending
June 30, 2012

Net

ChangeOperating

ChangeSales(%)

Income(%)

531,000

4.6

28,50012.5

Ordinary
IncomeChangeNet

Change(%)

Income(%)

27,5009.4(Notes) Revision to the business forecast in the second quarter of fiscal 2012: Yes

16,41029.6

Net Incomeper Share(Yen)
212.904. Others(1) Significant changes in the scope of consolidation: None
(2) Simplified accounting methods and special accounting methods for preparation of the quarterly consolidated
financial statements: None
(3) Changes in accounting policies concerning preparation of quarterly consolidated financial statements① Changes in line with revision to accounting standards: None
② Other changes: None
③ Changes in accounting estimates: None
④ Restatement: None
(4) Number of outstanding shares (Common stock)① Number of outstanding shares (Treasury stock included)
December 31, 2011
77,077,880 shares
June 30, 2011
77,030,780 shares② Number of treasury stock
December 31, 2011
1,244 shares
June 30, 2011
1,244 shares③ Average number of outstanding shares during the period
December 31, 2011
77,051,299 shares
December 31, 2010
73,982,818 shares※Implementation Status of Financial Audit
Financial Audit based on Financial Instrument and Exchange Act for the second quarter ended December 31, 2011 isin progress.
※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
currently available information. By nature, such financial forecasts are subject to uncertainties and risks. Therefore,
actual results might be significantly different from the aforementioned forecasts for a variety of reasons, includingchanges in economic environments related to our business, market trends and exchange rate.

Consolidated Quarterly Balance Sheets(Millions of yen)
As of December 31,

As of June 30,

2011

2011

AmountAmountAssetsCurrent assets
Cash and deposits¥49,226¥35,031

Notes and Accounts receivable-trade

6,320

4,585

Purchased receivables

9,836

6,787

Merchandise and finished goods

90,22081,582

Other

8,010

6,544

(18)

(14)

163,594

134,515

Buildings and structures, net

58,73858,056

Tools, furniture and fixtures, net

10,169

9,396

Land

95,42687,187

Allowance for doubtful accounts
Total current assets

Noncurrent assetsProperty, plant and equipment

Other, net
Total property, plant and equipment
Intangible assets

270

231

164,603

154,870

8,825

6,461

Investments and other assets
Investment securities

3,740

4,362

Lease and guarantee deposits

32,97433,303

Other

10,804

12,474

Allowance for doubtful accounts(4,401)(4,685)

Total investments and other assets

43,11745,454

Total noncurrent assets

216,545

206,785¥380,139¥341,300

Total assets

(Millions of yen)
As of December 31,

As of June 30,

2011

2011

AmountAmountLiabilities
Current liabilities
Accounts payable-trade¥56,892¥42,430

Short-term loans-payable

15,191

14,935Current portion of long-term loans payable

14,722

11,774Current portion of bonds

24,942

12,922

Commercial papers

3,000－

Income taxes payable

5,904

4,434

Derivatives liabilities

8

2,978

Provision for point card certificates

176

186

Reserve for loss on disaster

207

1,132

Asset retirement obligations

－153

Other

16,70015,127

Total current liabilities

137,742

106,071

52,50558,029350

350

Noncurrent liabilities
Bonds payable
Convertible bonds
Long-term loans payable

40,02335,570

Derivatives liabilities

141

128

Provision for directors' retirement benefits

377

367

Negative goodwill

2,020

2,449

Asset retirement obligations

1,927

1,705

Other

7,876

11,389Total noncurrent liabilities

105,219

109,987

242,961

216,058

Capital stock

19,60819,561

Capital surplus

22,41022,364Retained earnings

97,20285,165(3)(3)

139,217

127,087

(570)

(327)

Foreign currency translation adjustment(3,602)(3,155)

Total accumulated other comprehensive income(4,172)(3,482)

2,133

1,637

137,178

125,242¥380,139¥341,300

Total liabilities
Net assets
Shareholders' equity

Treasury stock
Total shareholders' equity

Accumulated other comprehensive income
Valuation difference on available-for-sale securities

Minority interests

Total net assets
Total liabilities and net assets

Consolidated Quarterly Statements of Income
Six months ended
December 31, 2011

(Millions of yen)Six months ended
December 31, 2010

AmountAmountNet sales¥276,939¥255,481

Cost of sales

205,129

189,607

71,81065,87454,592

51,681

17,21814,193

Interest and dividends income

290289Amortization of negative goodwill

429

429

Other

670

672

1,389

1,390

Interest expenses

881

888

Loss on valuation of derivatives

310

110

Provision of allowance for doubtful accounts

543―

Other422

554

2,156

1,552

16,451

14,031

10Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income

Total non-operating income
Non-operating expenses

Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of property, plant and equipment
Compensation income for expropriation

318

382

1,782

―

97230

2,198612

6218

Loss on closing of stores

225

161

Impairment loss

94

457

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

358―

682

287

423

Total extraordinary losses

615

1,999

18,034

12,644

Income taxes - Current

5,748

5,358

Income taxes - Deferred(146)(507)

Marginal Gain of repaired corporate reorganization debts
Other
Total extraordinary income
Extraordinary loss
Loss on valuation of investment securities

Income before income taxes and minority interests

Total income taxes
Income before minority interests
Minority interests in income
Net income5,602

4,851

12,432

7,793

497

244

¥11,935¥7,549

Consolidated Quarterly Statements of Comprehensive Income(Millions of yen)

Income before minority interests

Six months ended

Six months ended

December 31, 2011

December 31, 2010

AmountAmount¥12,432¥7,793

Valuation difference on available-for-sale securities

（231）

(129)

Foreign currency translation adjustment

（447）

(803)

Total other comprehensive income

（678）

(932)

¥11,754¥6,861¥11,257¥6,617497

244

Other comprehensive income

Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of theparent
Comprehensive income attributable to minority
interests

Consolidated Quarterly Statements of Cash FlowsSix months ended
December 31, 2011
Amount(Millions of yen)Six months ended
December 31, 2010
Amount¥18,034
4,914
94
(429)
578
(290)
881
310
16

¥12,644
4,604
457
(429)
(7)
(289)
888
110
3218

―

682

(1,782)(4,665)(11,152)
13,952
3,138
23,590188(818)(4,333)(262)
18,365－(1,344)(10,737)
12,593
1,473
20,866204(878)(3,802)－
16,390(23,953)
12,822(9,335)
3(88)
(617)
628
191

(22,601)
23,523(12,953)364(2,600)
(478)
827
927

(6,360)－(3,272)(235)(30,216)－(302)(13,293)256
14,500(6,771)
2,996
12,855(6,504)―(2,550)(1,387)56
13,451426
11,000(6,178)―9,000(5,804)(25)―(1,081)77,345

Effect of exchange rate change on cash and cash equivalents

(168)

(365)

Net decrease in cash and cash equivalents

1,432

10,077

Net cash provided by (used in) operating activities:
Income before income taxes and minority interests
Depreciation and amortization
Impairment loss
Amortization of negative goodwill
Increase(decrease) in provisionInterest and dividends income
Interest expenses
Loss on valuation of derivatives
Loss on sales of property, plant and equipment
Loss on valuation of investment securities
Loss on adjustment for changes of accounting standard for asset
retirement obligations
Marginal gain of repaid corporate reorganization debt
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
Payments for loss on disasterNet 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
Proceeds from sales of investment securities
Purchase of investments in subsidiaries resulting in change in scopeof consolidation
Payment for the settlement for the derivatives
Other, net
Net cash used in investing activities
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
Rehabilitation lien
Cash dividends paid
Other, net
Net cash provided by financing activities

Cash and cash equivalents at beginning of period
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 change in fiscal
year-end of consolidated subsidiaries
Cash and cash equivalents at end of period

26,87538,911

―

9(0)

(215)

3,507

―

¥31,814¥48,782

Segment Information
For the second quarter ended December 31, 2011
1. Information concerning sales and income by reporting segment(Millions of yen)
Reporting segment
Retailbusiness

Rentbusiness

Sub TotalOthers(Note 1)

Total

Adjustment Consolidated(Note 2)(Note 3)¥266,559¥7,872¥274,431¥2,508¥276,939¥－¥276,939

2

1,688

1,690

1,054

2,744

(2,744)－Total266,561

9,560

276,1213,562

279,683(2,744)

276,939

Segment income¥12,918¥3,352¥16,270¥1,080¥17,350¥(132)¥17,218

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 and financial service business that are not included in other reporting segments.
2. The segment adjusted income of ¥ (132) million is an intersegment elimination.
3. Segment income is adjusted to the quarterly consolidated operating income.
2. Information concerning impairment loss of fixed assets or goodwill by reporting segment
In the others segment, the Company recognized goodwill ¥1,870 million because of the newly consolidation of two
subsidiaries.
For the second quarter ended December 31, 2010
1. Information concerning sales and income by reporting segment(Millions of yen)
Reporting segment
Retailbusiness

Rentbusiness

Sub TotalOthers(Note 1)Total

Adjustment Consolidated(Note 2)
(Note 3)¥245,586¥7,927¥253,513¥1,968¥255,481¥－¥255,481

－

1,292

1,292

490

1,782

(1,782)－

Total

245,586

9,219

254,805

2,458

257,263(1,782)

255,481

Segment income¥10,960¥2,746¥13,706¥395¥14,101¥92¥14,193

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 and cellular phones
sales business that are not included in other reporting segments.
2. The segment adjusted income of ¥92 million is an intersegment elimination.
3. Segment income is adjusted to the quarterly consolidated operating income.
2. 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. Because it was
not able to expect the profit that was assumed at first by the membership system wholesale type retail business that
consolidated subsidiary WR Co., Ltd. presents.
In addition, the Company recognized impairment loss ¥57 million of fixed assets because we were not able to expect theprofit that was assumed at first from some stores in the "retail business" segment.

Notes on the going-concern assumption
Not applicable

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

Material subsequent events
Fidec Corporation, a consolidated subsidiary of the Company, signed a term loan agreement by syndication with its
banks and obtained the loan. An overview of the agreement is as follows:
1. Method: Short-term borrowing through term loan by syndication
2. Lenders: Mizuho Bank, Ltd. and Sumitomo Mitsui Banking Corporation and 18 other banks
3. Amount of borrowing: 13,941 million
4. Date of contract: January 27, 2012
5. Date of implementation: January 31, 2012
6. Term: One year
7. Covenants(Borrower’s obligation)
The aggregate amount of purchased receivables, excluding adverse obligations including deposit payables, and thebalance of the saving account which the lenders designated should not be lower than 85% of the amount of outstanding
borrowings at the end of each month.
(Collateral covenants)
The borrower should not provide collateral for the benefit of the borrower or a third party without the prior writtenconsent of the lenders and the agent or certain conditions applied.
(Financial covenants)
The amount of net assets on the consolidated balance sheets and the individual balance sheets should not be negativeat the end of each fiscal year and at the end of each second quarter. The borrower should not record recurring loss on
the consolidated statements of income and the individual statements of income for each fiscal year.