Translation
Notice: This English version is a translation of the original Japanese document and is only for reference purposes. In the casewhere any differences occur between the English version and the original Japanese version, the Japanese version will
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Member of the Financial Accounting Standards Foundation
August 18, 2009

Consolidated Financial Results
for the Fiscal Year Ended June 30, 2009
Company name: Don Quijote Co., Ltd.
Listing:First Section of the Tokyo Stock Exchange
Stock code:
7532
URL:
http://www.donki.com/
Representative: Junji Narusawa, President and Representative Director
Inquiries:
Mitsuo Takahashi, Senior Managing Director
TEL: +81-3-5725-7588 (from overseas)
Scheduled date of ordinary general meeting of shareholders:
Scheduled date to commence dividend payments:
Scheduled date to file Annual Securities Report:

September 25, 2009
September 28, 2009
September 25, 2009

(Millions of yen with fractional amounts discarded, unless otherwise noted)

1.

Consolidated performance for the fiscal year ended June 30, 2009
(from July 1, 2008 to June 30, 2009)(1) Consolidated operating results(Percentages indicate year-on-year changes)

Net sales
Fiscal year ended

Operating income

Ordinary income

Net income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

June 30, 2009

480,85618.8

17,172

7.5

15,989

(7.1)

8,554

(8.1)

June 30, 2008

404,924

34.7

15,981

17.6

17,2049.1

9,303 (12.6)

Net income/equityOrdinary income/total assets

Operating income/net sales

Net income per
share

Diluted net
income per share

Fiscal year ended

Yen

Yen

%

%

%

June 30, 2009123.69123.69

10.0

5.6

3.6

June 30, 2008

130.78122.00

11.3

7.1

3.9

Reference: Equity in earnings of affiliates
Fiscal year ended June 30, 2009:
Fiscal year ended June 30, 2008:-18 million yen-160 million yen–1–(2) Consolidated financial position
Total assets
As of

Net assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen%

Yen

June 30, 2009

297,527

89,97229.9

1,284.15

June 30, 2008

276,288

84,62530.0

1,200.46

Reference: Equity
As of June 30, 2009:
As of June 30, 2008:

88,839 million yen
82,934 million yen(3) Consolidated cash flows
Cash flows fromoperating activities
Fiscal year ended

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash
equivalents at end of
periodMillions of yen

Millions of yen

Millions of yen

Millions of yen

June 30, 2009

19,513(29,855)

14,31642,040June 30, 2008

7,788

(38,960)

31,36838,086

2.

Cash dividends
Cash dividends per share
Record dateFiscal year ended
June 30, 2008
Fiscal year ended
June 30, 2009
Fiscal year ending
June 30, 2010
(Forecasts)

3.

Total cash
dividends(Full year)

First
quarter

Secondquarter

Third
quarter

Fiscalyear-end

Yen

Yen

Yen

Yen

Yen Millions of yen

–

10.00

–

12.00

22.00

–

10.00

–

13.00

23.00

–

10.00

–

13.00

23.00

AnnualDividend
Dividends/
payout ratio
net assets(Consolidated) (Consolidated)
%

%

1,548

16.8

1.9

1,591

18.6

1.9

15.9

Consolidated earnings forecasts for the fiscal year ending June 30, 2010
(from July 1, 2009 to June 30, 2010)
Net sales
Millions of yen

Six months ending
December 31, 2009
Fiscal year ending
June 30, 2010

Operating income% Millions of yen(Percentages indicate year-on-year changes)
Net income per
Ordinary income
Net income
share% Millions of yen% Millions of yen%

Yen

248,000 1.6

8,500 2.5

8,400 31.6

4,500 117.6

65.05

497,000 3.4

18,000 4.8

17,800 11.3

10,000144.55

–2–

16.9

4.

Others(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in
the change in scope of consolidation): None
(2) Changes in accounting policies, procedures, and methods of presentation for preparing theconsolidated financial statements (changes described in the section pertaining to changes insignificant matters forming the basis of preparing the consolidated financial statements, if
applicable)
a. Changes due to revisions to accounting standards and other regulations: Noneb. Changes due to other reasons: Yes(3) Number of issued shares (common stock)a. Total number of issued shares at the end of the period (including treasury stock)
As of June 30, 2009
72,022,209 shares
As of June 30, 2008
72,022,209 sharesb. Number of treasury shares at the end of the period
As of June 30, 2009
2,840,970 shares
As of June 30, 2008
2,936,729 shares

Summary of Non-consolidated Financial Results (Reference)1.

Non-consolidated performance for the fiscal year ended June 30, 2009
(from July 1, 2008 to June 30, 2009)(1) Non-consolidated operating results(Percentages indicate year-on-year changes)

Net sales
Fiscal year ended

Operating income

Ordinary income

Millions of yen%

Millions of yen%

June 30, 2009

307,997

5.9

14,565(1.4)

13,748 (10.8)

7,378 (15.2)

June 30, 2008

290,779

6.5

14,76912.6

15,4208,701 (15.0)

Net income per share

Millions of yen

Net income%

3.4

Millions of yen%

Diluted net
income per share

Fiscal year ended

Yen

Yen

June 30, 2009106.68106.68June 30, 2008

122.32114.10(2) Non-consolidated financial position
Total assets
As of

Net assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen%

Yen

June 30, 2009

264,198

87,61933.2

1,266.52

June 30, 2008

232,840

82,47135.4

1,193.75

Reference: Equity
As of June 30, 2009:
As of June 30, 2008:

87,619 million yen
82,471 million yen* Proper use of earnings forecasts, and other special matters
The forward-looking statements contained in these materials are based on information currently available to theCompany and its Group, and contain potential risks and uncertainties. Therefore, actual results may differ
substantially due to various factors. Important factors that may affect actual results include the economic
environment encompassing the business of the Company and the Group, market fluctuations, etc.

–3–Consolidated financial statements(1) Consolidated balance sheets(Millions of yen)

As of June 30, 2008

As of June 30, 2009

AssetsCurrent assets
Cash and deposits

38,381

42,563

Notes and accounts receivable-trade

4,397

4,612

Inventories

67,411––

70,651

Prepaid expenses

2,368

2,173

Deferred tax assets

1,575

1,477

Other

2,530

2,500

(82)

(174)

116,580

123,802

Buildings and structures

72,41979,649Merchandise and finished goods

Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Accumulated depreciation(23,630)(26,875)

Accumulated impairment loss

(3,337)(2,851)

Buildings and structures, net

45,452

49,923

Vehicles110

94

Accumulated depreciation

(74)

(73)

Accumulated impairment loss

(0)

(0)

Vehicles, net

36

21

Tools, furniture and fixtures

30,82430,780

Accumulated depreciation(21,609)(21,161)

Accumulated impairment loss

(1,249)(830)

Tools, furniture and fixtures, net

7,966

8,789

Land

48,77955,028Construction in progress
Total property, plant and equipment
Intangible assets

318

617

102,551

114,378

3,284

2,960

Investments and other assets
9,703

12,055Long-term loans receivable

Investment securities

935

1,251

Long-term prepaid expenses

2,644

2,222

874

2,623

Lease and guarantee deposits

37,71636,846

Other

5,000

4,156

Allowance for doubtful accounts(2,999)(2,766)

Deferred tax assets

Total investments and other assets

53,87356,387

Total noncurrent assets

159,708

173,725

Total assets

276,288

297,527–4–

(Millions of yen)

As of June 30, 2008

As of June 30, 2009

Liabilities
Current liabilities
Accounts payable-trade39,172

41,062

Short-term loans payable

1,400

11,000Current portion of long-term loans payable

8,284

9,696

Current portion of bonds

6,508

9,695

Current portion of convertible bonds–

20,171

Accrued expenses

5,588

6,005

Income taxes payable

2,610

3,354

762

386

Provision for point card certificates

–

52

Other

Other provision

8,651

9,462

Total current liabilities

72,975

110,883

Bonds payable

49,58353,253

Convertible bonds

32,026

9,335

Long-term loans payable

15,153

13,575

–

2,233

5,687

472

Noncurrent liabilities

Derivatives liabilities
Provision for retirement benefits
Provision for directors’ retirement benefits

185

162

4,657

4,163

Other

11,397

13,479Total noncurrent liabilities

118,688

96,672

Total liabilities

191,663

207,555

Capital stock

14,977

14,977

Capital surplus

16,28916,289Retained earnings

58,77765,806

Treasury stock(5,144)(4,976)

Total shareholders’ equity

84,89992,096

Negative goodwill

Net assets
Shareholders’ equity

Valuation and translation adjustments(680)(1,856)

Foreign currency translation adjustment

Valuation difference on available-for-sale securities(1,285)(1,401)

Total valuation and translation adjustments(1,965)(3,257)

3

1

1,688

1,132

Subscription rights to shares
Minority interests
Total net assets

84,62589,972

Total liabilities and net assets

276,288

297,527–5–

(2) Consolidated statements of income(Millions of yen)

Fiscal year ended
June 30, 2008

Fiscal year ended
June 30, 2009

Net sales

404,924

480,856

Cost of sales

296,215353,616Gross profit

108,709127,240

Selling, general and administrative expenses

92,728110,068

Operating income

15,981

17,172632

580

Non-operating income
Interest and dividends income
Gain on sales of investment securities

31

4

Gain on anonymous association

172

147

Amortization of negative goodwill

1,119

858

795

1,093

2,749

2,682

877

1,278

–

2,009

160

18

Other
Total non-operating income
Non-operating expenses
Interest expenses paid on loans and bonds
Loss on valuation of derivatives
Equity in losses of affiliates
Other

489

560

Total non-operating expenses

1,526

3,865

Ordinary income

17,204

15,9893–

Penalty income

243–

Gain on liquidation of anonymous association

961–

Gain on forgiveness of debts

500–

Extraordinary income
Gain on change in equity

Gain on abolishment of retirement benefit plan

–

1,556

603

651

2,310

2,207

Loss on retirement of noncurrent assets

258

232

Loss on store closure

837

1,254

Impairment loss

932

649

Settlement package

360–

Loss on valuation of investment securities

44

1,417

Other
Total extraordinary income
Extraordinary loss

443

430

Total extraordinary losses

Other

2,874

3,982

Income before income taxes and minority interests

16,64014,214

Income taxes-current

6,607

6,403

Income taxes-deferred

565(1,059)Total income taxes

7,172

5,344

165

316

9,303

8,554

Minority interests in income
Net income–6–(3) Consolidated statements of changes in net assets(Millions of yen)

Fiscal year ended
June 30, 2008

Fiscal year ended
June 30, 2009

Shareholders’ equity
Capital stock
Balance at the end of previous period

14,81914,977

158–

Changes of items during the period
Issuance of new shares
Total changes of items during the period

158–

14,977

14,977

16,13016,289Issuance of new shares

159–

Total changes of items during the period

159–

16,28916,28950,911

58,777

Dividends from surplus(1,437)(1,521)

Net income

9,303

8,554

Balance at the end of current period
Capital surplus
Balance at the end of previous period
Changes of items during the period

Balance at the end of current period
Retained earnings
Balance at the end of previous period
Changes of items during the period–(4)

Total changes of items during the period

Disposal of treasury stock

7,866

7,029

Balance at the end of current period

58,77765,806(143)(5,144)

Treasury stock
Balance at the end of previous period
Changes of items during the period
Purchase of treasury stock(5,001)(0)

Disposal of treasury stock–168

Total changes of items during the period(5,001)

168

Balance at the end of current period(5,144)(4,976)

81,71784,899Total shareholders’ equity
Balance at the end of previous period
Changes of items during the period
Issuance of new shares

317–

Dividends from surplus(1,437)(1,521)

Net income

9,303

8,554

Purchase of treasury stock(5,001)(0)

Disposal of treasury stock–

164

Total changes of items during the period

3,182

7,197

Balance at the end of current period

84,89992,096–7–

(Millions of yen)

Fiscal year ended
June 30, 2008

Fiscal year ended
June 30, 2009

Valuation and translation adjustments
Valuation difference on available-for-sale securities
Balance at the end of previous period

229

(680)

Net changes of items other than shareholders’ equity(909)(1,176)

Total changes of items during the period(909)(1,176)

Balance at the end of current period(680)(1,856)305(1,285)

Net changes of items other than shareholders’ equity(1,590)(116)

Total changes of items during the period(1,590)(116)

Balance at the end of current period(1,285)(1,401)534(1,965)

Net changes of items other than shareholders’ equity(2,499)(1,292)

Total changes of items during the period(2,499)(1,292)

Balance at the end of current period(1,965)(3,257)

–

3

3

(2)

Total changes of items during the period

3(2)Balance at the end of current period

3

1

219

1,688

Net changes of items other than shareholders’ equity

1,469

(556)

Total changes of items during the period

1,469

(556)

Balance at the end of current period

1,688

1,132

82,47084,625

Changes of items during the period

Foreign currency translation adjustment
Balance at the end of previous period
Changes of items during the period

Total valuation and translation adjustments
Balance at the end of previous period
Changes of items during the period

Subscription rights to shares
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders’ equity

Minority interests
Balance at the end of previous period
Changes of items during the period

Total net assets
Balance at the end of previous period
Changes of items during the period
Issuance of new shares

317–

Dividends from surplus(1,437)(1,521)

Net income

9,303

8,554

Purchase of treasury stock(5,001)(0)

Disposal of treasury stock
Net changes of items other than shareholders’ equity–

164(1,027)(1,850)Total changes of items during the period

2,155

5,347

Balance at the end of current period

84,62589,972–8–

(4) Consolidated statements of cash flows(Millions of yen)

Fiscal year ended
June 30, 2008

Fiscal year ended
June 30, 2009

Net cash provided by (used in) operating activities
Income before income taxes and minority interests
Depreciation and amortization, including prepaid
expenses
Impairment loss

16,64014,214

7,398

8,898

932

649

Amortization of negative goodwill(1,119)

(858)

993

(141)

Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for directors’ retirement
benefits
Increase (decrease) in provision for retirement benefits

17

(22)

(1,078)(5,216)

Increase (decrease) in provision for point card certificates

(289)

(376)

Interest and dividends income

(632)

(580)

Loss (gain) on valuation of derivatives

–

2,009

Equity in (earnings) losses of affiliates

160

18

Loss (gain) on change in equity(3)–

Loss (gain) on investments in anonymous association

(172)

(68)

Interest expenses paid on loans and bonds

905

1,278

6

28

269

82

433

929

Penalty income

(243)

–

Gain on liquidation of anonymous association

(961)

–

Loss (gain) on sales of investment securities
Loss (gain) on sales and retirement of property, plant andequipment
Loss on store closure

Gain on forgiveness of debt

(500)

–

Offset rent expense from deposit received from lessees

1,470

1,300

Loss (gain) on valuation of investment securities
Decrease (increase) in notes and accounts receivabletrade
Decrease (increase) in inventories

–

1,417

263

(58)

(8,420)(2,171)

Decrease (increase) in other current assets

(730)

619

Increase (decrease) in notes and accounts payable-trade

1,368

711

Increase (decrease) in other current liabilities

1,332

1,060

Increase (decrease) in other noncurrent liabilities

188

2,111

Other, net

380

187

Subtotal

18,60726,020422

326Interest and dividends income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating activities

–9–

(801)

(1,175)(10,440)(5,658)

7,788

19,513

(Millions of yen)

Fiscal year ended
June 30, 2008

Fiscal year ended
June 30, 2009

Net cash provided by (used in) investing activities
Payments into time deposits(313)(1,014)

Proceeds from withdrawal of time deposits

215

319

Purchase of property, plant and equipment(19,305)(17,757)

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

16

327

(572)

(244)

Payments for lease and guarantee deposits(4,109)(2,596)

Proceeds from collection of lease and guarantee deposits

1,580

3,091

Purchase of investment securities(3,144)(8,340)

200

1,286

(11,261)(1,893)

(120)

–

203

21

Proceeds from sales of investment securities
Purchase of investments in subsidiaries resulting inchange in scope of consolidation
Payments for purchase of securities of an affiliatedcompany accounted for by the equity method
Proceeds on withdrawal of anonymous association
Proceeds on liquidation of anonymous association
Purchase of investments in subsidiaries
Payment for purchase of investment funds

1,912

–

–

(648)

–

(1,000)

Other, net(4,262)(1,407)

Net cash provided by (used in) investing activities(38,960)(29,855)

Net increase (decrease) in short-term loans payable

1,400

9,600

Proceeds from long-term loans payable

19,5008,500

Net cash provided by (used in) financing activities

Repayment of long-term loans payable(8,723)(8,966)

Proceeds from issuance of bonds

50,50014,000

Redemption of bonds(24,838)(7,143)

(308)

(436)

Repayment of lease liabilities
Proceeds from issuance of common stock
Purchase of treasury stock
Proceeds from sales of treasury stock212–(5,000)

(0)

3

164

(1,437)(1,521)

Proceeds from stock issuance to minority shareholders–

126

Other, net

59

(8)

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

31,36814,316

(235)

(20)

(39)

3,954

Cash and cash equivalents at beginning of period
Decrease in cash and cash equivalents resulting fromexclusion of subsidiaries from consolidation
Cash and cash equivalents at end of period

38,16438,086(39)–

38,08642,040Cash dividends paid

– 10 –