DigitalAdvertising（ＵＲＬ

http://www.dac.co.jp/ ）Consortium

Inc.

Financial Highlights of 4th Quarter, Fiscal Year 2011
(1) Consolidated operating results
Net sales

Operating income

Mil.\％
54,510(-)
47,915 ( 4.6)

4th Quarter of FY 2011
4th Quarter of FY 2009

Ordinary income

Mil.\％
1,765(-)
943 ( -32.9)

Net income

Diluted net income

per shareper share

Yen
1,920.75
573.92

4th Quarter of FY 2011
4th Quarter of FY 2009

(December 1, 2009 to November 30, 2010)

Net income

Mil.\％
1,845(-)
881 ( -34.5)

Mil.\％
1,010( - )296 ( -64.9 )Yen
1,914.12
571.65*DAC has decided to change its fiscal year end from November 30 to March 31 of each year.
No comparison is made because of the change in accounting periods.
(2)

Consolidated financial position
EquityTotal assets

Net assets

Equity Capital ratio
per shareMil.\
18,15815,4994th Quarter of FY 2011
Fiscal Year 2009

(3)

Record date

End of 1st

End of 2nd

End of 3rd

End of 4thquarter

quarterquarterquarter

Fiscal Year 2009
Fiscal Year 2011
(expected)％

Yen
19,189.24
17,284.08

55.5
58.6

Dividend per share

YenFiscal Year 2011

Mil.\
10,991
9,924

―
―

Yen

Yen

0.00

―0.00

―

End of period

Annual dividend

YenYenYen―

200.00200.00―TBD

TBD

DAC Consolidated Financial Statements(1)DAC Consolidated Balance Sheet(Unit:Thousand Yen)
Items of an account

4th Quarter FY2011(As of Nov 30,2010)

FY2009(As of Nov 30, 2009)

AmountAmountAssetsCurrent assets
Cash and deposits

6,976,337

5,678,796

Notes and accounts receivable-trade

6,193,268

5,047,038

Short-term investment securities

109,681

100,963

Other

907,177

881,451

Allowance for doubtful accounts
Total current assets-5,786-3,732

14,180,678

11,704,516

298,152

371,714

Noncurrent assets
Property, plant and equipment
Intangible assets
Goodwill

646,098

673,826

Software514,528

549,442

Software in progress

72,24550,086

Other

12,363

10,844

1,245,235

1,284,200

1,779,638

1,369,207

Total intangible assets
Investments and other assets
Investment securities
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets

662,649

898,503-7,969-128,309

2,434,319

2,139,402

3,977,706

3,795,316

18,158,385

15,499,833

Accounts payable-trade

4,864,435

4,168,747

Short-term loans payable

77,000－Current portion of long-term loans payable

125,624

62,220Accounts payable-other

512,102446,330

Income taxes payable

653,763

256,257

Provision for directors' bonuses

24,96019,587

Provision for bonuses

164,064

113,147

Total assets
Liabilities
Current liabilities

Provision for point card certificates

21,42913,709Other341,644

192,794

6,785,024

5,272,794

Total current liabilities
Noncurrent liabilities
Long-term loans payable

71,51260,014

Provision for retirement benefits

161,021

121,752

Provision for point card certificates

36,851

16,213

Other

112,555

105,042

Total noncurrent liabilities

381,940

303,021

7,166,965

5,575,816

Capital stock

4,031,837

4,031,837

Capital surplus

3,184,465

3,369,621

Retained earnings

3,098,924

2,193,472

Total liabilities
Net assets
Shareholders' equity

Treasury stock-326,980-448,094

Total shareholders' equity

9,988,247

9,146,836

Valuation and translation adjustments
Valuation difference on available-for-saleiti currency translation adjustment
Foreign
Total valuation and translation adjustments
Subscription rights to shares

109,162-47,948-11,678-10,244

97,483-58,192

150,409

127,886

Minority interests

755,280

707,486

Total net assets

10,991,420

9,924,016

18,158,385

15,499,833

Total liabilities and net assets

(2)DAC Consolidated Statements of Income(Unit:Thousand Yen)
Items of an account

4th Quarter FY2011(December 1,2009
to November 30,2010)
AmountNet sales

54,510,345

Cost of sales

45,916,186

Gross profit

8,594,158Selling, general and administrative expenses

6,828,405

Operating income

1,765,753

Non-operating income
Interest income

4,540

Dividends income

5,143

Foreign exchange gains

328

Equity in earnings of affiliates

70,267

Other

10,573

Total non-operating income

90,853Non-operating expenses
Interest expenses

4,320

Provision of allowance for doubtful accounts

3,000

Loss on investments in partnership

3,004

Other
Total non-operating expenses
Ordinary income

697
11,022
1,845,584

Extraordinary income
Gain on sales of investment securities

124,704

Other

34,611

Total extraordinary income

159,316Extraordinary loss
Loss on sales of subsidiaries' stocks

1,314

Loss on valuation of membership

2,127

Loss on valuation of investment securities

89,827

Other10,447

Total extraordinary losses
Income before income taxes and minority interests
Income taxes-current

103,717
1,901,183
812,639

Income taxes-deferred-92,087

Total income taxes

720,551

Minority interests in income
Net income

170,0111,010,620

(3)DAC Consolidated statements of cash flows(Unit:Thousand Yen)
Items of an account

4th Quarter FY2011(December 1,2009to November 30,2010)
ammount

Net cash provided by (used in) operating activities
Income before income taxes and minority interests

1,901,183

Depreciation and amortization

316,186

Amortization of goodwill

111,426

Increase (decrease) in allowance for doubtful accounts-114,956

Increase (decrease) in provision for retirement benefits

39,269

Increase (decrease) in provision for point card certificates

28,358

Increase (decrease) in provision for directors' bonuses

5,372

Loss (gain) on change in equity-20,179

Loss (gain) on sales and valuation of investment securities-34,811

Interest and dividends income-9,684

Interest expenses
Equity in (earnings) losses of affiliates
Loss (gain) on sales and retirement of noncurrent assets
Loss (gain) on sales of subsidiaries' stocks
Decrease (increase) in notes and accounts receivable-trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable-trade

4,320-70,267
995
1,314-1,534,381-14,588
1,047,390

Increase (decrease) in accounts payable-other

93,843

Increase (decrease) in accrued consumption taxes

153,695

Other, net

317,895

Subtotal2,222,382

Interest and dividends income received
Interest expenses paid

12,543-4,320

Income taxes paid

-480,124

Net cash provided by (used in) operating activities

1,750,479

Net cash provided by (used in) investing activities
Purchase of property, plant and equipment-39,328

Purchase of intangible assets-206,244

Purchase of investment securities-165,162

Proceeds from sales and redemption of investment securities

301,698

Proceeds from sales of investments in subsidiaries

63,250Purchase of stocks of subsidiaries and affiliates-50,000

Proceeds from purchase of investments in subsidiaries resulting in change in scope of consolidation

45,797

Payments for sales of investments in subsidiaries resulting in change in scope of consolidation-248,657

Payments for guarantee deposits-28,305

Collection of loans receivable

41,660

Other, net

66,453

Net cash provided by (used in) investing activities-218,840

Net cash provided by (used in) financing activities
Net increase (decrease) in short-term loans payable

27,000

Proceeds from long-term loans payable

50,000

Repayment of long-term loans payable-91,261

Purchase of treasury stock-132,208

Cash dividends paid

-101,229

Cash dividends paid to minority shareholders-50,400

Proceeds from exercise of stock option

67,481Other, net
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-1,698-232,316-2,792
1,296,530

Cash and cash equivalents at beginning of period

5,671,819

Cash and cash equivalents at end of period

6,968,350