Consolidated business results
Financial Results for the year ended March 31,2010

May 14, 2010

ROUND ONE corporation
The person who accepts inquiry.
C.E.O. and PresidentManaging Director and General Manager of Administrative Division

TSE and OSE first section #4680( URL http://www.round1.co.jp )Tel : +72-224-5115

Masahiko Sugino
Takayuki Nishimura

Dividend will be paid on after:
June 28, 2010

Date of Regular General Shareholder's Meeting : June 26, 2010.
Date of presentation expected date of securities report : June 28, 2010.
1. Business Results for the year ended in March 2010. ( April 1, 2009 to March 31, 2010 )(1) Operating Results( Figures are rounded down to the nearest million yen.)

Sales

Operating Income\mn(11.6)(25.6)

Investment gains and losses by the equity method

7,848
9,798

¥42.69-％(14.6)(56.5)

Ordinary Income toOperating Income toTotal capital ratio

sales ratio

％％％

4.3
5.6

3.4
5.0

14.7
17.5

( Figures are rounded down to the nearest million yen.)

Net Assets

Total Assets

Shareholder's Equity Ratio\mn\mn251,240
216,016

FY2009 (2010/3)
FY2008 (2009/3)
Shareholder's equity

Shareholder's Equity
Per Share％

85,62972,39334.1
33.5¥1,079.95¥1,147.61

FY2009(2010/3) : \85,629mn , FY2008(2009/3) : \72,393mn(3) Cash Flow

( Figures are rounded down to the nearest million yen.)

Cash flow by
operating activities

Cash flow by
investing activities\mnCash flow byfinancing activities\mn

22,175
13,978FY2009 (2010/3)
FY2008 (2009/3)

Cash and cash equivalents

at the end of quarter

\mn

\mn

24,881
10,625(35,616)(25,762)

2.Dividend Payment

22,711
11,270( Figures are rounded down to the nearest million yen.)

Annual dividend per share
1Q

2Q\-FY2008 (2009/3)
FY2009 (2010/3)
FY2010(2011/3)(estimate)(Note)\mn3,396
3,977

Term 2009 : None , Term 2008 : None

(2) Financial Status(Note)％(19.9)(38.7)

Return on
EquityNet Income per share,
fully diluted¥46.82¥63.05

FY2009 (2010/3)
FY2008 (2009/3)\mn％

12,031
13,611

5.3(0.0)

Earnings per Share(Note)\mn％

82,113
77,983

FY2009 (2010/3)
FY2008 (2009/3)

Net IncomeOrdinary Income3Q\Term\1,000.00
10.00
10.00

-

Total amount ofdividend

Dividend payout
ratio

Ratio of dividends paid
to shareholder's equity(annual)(Consolidated)(Consolidated)

Annual\\10.00
10.00
10.00

20.00
20.00

\mn

1,261
1,520％％

31.7
44.8
63.4

1.7
1.8

In January 4 2009 stock split 1:100 / trade unit 100 stock

3.Forecasts for the FY2010. ( April 1, 2010 to March 31, 2011 )Sales (Consolidate)

\mn
1Q-2Q
FY2010(2011/3)

42,90086,000％

5.1
4.7

Operating Income(Consolidate)

\mn

6,800
14,000％

12.6
16.4( Figures are rounded down to the nearest million yen.)

Ordinary Income(Consolidate)

\mn

4,500
9,000-１-％

13.8
14.7

Net Income(Consolidate)\mn6802,500

Earnings per share(Consolidate)％(67.5)(26.4)¥8.58¥31.53

4.Others(1) The change of the important subsidiary in FY2009. (Change in consolidation scope in subsidiary.)
Consolidation (newly included) : none / (not included) : none
(2) Change in accounting method, accounting principle, how to disclose, and others to make the consolidated financial statements.
① Change in accounting standard : None
② Without above ① : None
(3) Number of shares outstanding during the term (Common stock)① Number of shares issued at the term end. ( Include treasury stock) FY2009(2010/3) : 79,452,914 / FY2008(2009/3) : 63,241,354
FY2009(2010/3) : 163,091 / FY2008(2009/3) : 159,441② Number of treasury stock at the term end.

(Reference)Non-consolidate business results

1. Business Results for the year ended in March 2010. ( April 1, 2009 to March 31, 2010 )(1) Operating Results( Figures are rounded down to the nearest million yen.)

Sales

Operating Income\mn\mn％

82,113
77,983

FY2009 (2010/3)
FY2008 (2009/3)

5.3
(0.0)

6,069
8,651

Ordinary Income\mn％(29.9)(38.6)

7,864
9,798

Earnings per ShareNet Income per share,
fully diluted¥47.04¥63.05¥42.89-FY2009 (2010/3)
FY2008 (2009/3)(2) Financial Status

Net Assets

Shareholder's equity\mn％(14.2)(56.5)

53.3
62.0\mn¥1,080.16¥1,147.61

FY2009(2010/3) : \85,645mn , FY2008(2009/3) : \72,393mn

Sales
42,90086,000Shareholder's Equity
Per Share％85,645
72,393

2.Forecasts for the FY2010. ( April 1, 2010 to March 31, 2011 )FY2010(2011/3)

\mn
3,413
3,977

Shareholder's Equity Ratio\mn160,674
116,855

FY2009 (2010/3)
FY2008 (2009/3)

1Q-2Q％(19.7)(38.7)( Figures are rounded down to the nearest million yen.)

Total Assets(Note)Net Income

Operating Income％

5.1
4.7

\mn

3,900
7,800

( Figures are rounded down to the nearest million yen.)

Ordinary Income

\mn％

11.7
28.5

4,500
9,000-2-Net Income％

13.7
14.4\mn680
2,500

Earnings per share％(67.6)(26.8)¥8.58¥31.53

Consolidated Balance sheets - 1(million of yen)
End of Previous Term

End of Current Term(as of March 31, 2009)(as of March 31, 2010)

AmountAmountTerm

Item( Assets )1.Current assets
Cash and deposit
Cash and deposit (non-exempt properties)
Accounts receivable
Commodities
Supplies
OthersOthers (non-exempt properties)
Current assets total

11,270
10,255
292
167
891
5,207
959
29,04322,711
8,104
361
186
955
6,215
628
39,16353,656
50,69288
1,707
19,862
39,847
10,275
2,003
178,133
133

74,06837,139103
2,473
42,59025,605
18,661
1,657
202,298
169

3
159
6,378
403
46
822
373
562
8,748
187,015
216,059

162
6,864
317
33
1,286
373
569
9,607
212,076
251,240

2.Fixed assets
Tangible fixed assets
Buildings and structures
Buildings and structures (non-exempt properties)
Bowling equipment
Aecade game machineLand
Land (non-exempt properties)
Lease asset
OthersOthers (non-exempt properties)
Tangible fixed assets total
Intangible fixed asset
Investments and other assets
Investment securities
Investments in affiliated companyKey money deposited
Key money deposited (non-exempt properties)
Long-term loans
Deferred tax assets
Deferred tax assets for land revaluation
OthersInvestments and other assets total
Fixed assets total
Total assets
Note (1) Figures are rounded down to the nearest million yen.
(2) Red letters indicate assets of consolidated subsidiaries.
(silent partnerships relating to special-purpose companies)-3-

Consolidated Balance sheets - 2(million of yen)Term

End of Previous Term

End of Current Term(as of March 31, 2009)(as of March 31, 2010)

AmountAmountItem( Liabilities )1.Current liabilities
Account payable
Bonds to be redeemed within one year
Short-term loans
Long-term loans to be repaid within one year
Long-term loans to be repaid within one year
(non-exempt properties)
Lease obligation
Allowance opening shop cancellation loss
Account corporate tax etc.
OthersCurrent liabilities total

137
2,350
2,272
1,774

156
913
862
6,298

15,403

17,496

3,320
600
368
13,25639,484

6,502
793
6,218
39,241

5,250
31,074
59,797
188
468
7,401
104,181
143,665

8,254
65,75839,306
209
873
11,630336
126,369
165,611

15,324
15,79942,130(313)
72,941

20,924
21,39944,169(315)
86,177(548)-(548)
(0)

(548)

(548)

72,393
216,059

85,629251,240

Fixed liabilities
Bonds
Long-term loans
Long-term loans (non-exempt properties)
Officer's retirement allowance
Key money received
Lease obligation
OthersFixed liabilities total
Liabilities total(Net assets)
1.Shareholder's equity
Capital stock
Capital reserve
Profit reserve
Treasury stock
Shareholder's equity total
2.Difference from revaluation andexchange rate changes
Difference for land revaluation
Difference from land revaluation andexchange rate changes total
Net assets total
Total liabilities and net assets
Note (1) Figures are rounded down to the nearest thousand yen.
(2) Red letters indicate liabilities of consolidated subsidiaries.
(silent partnerships relating to special-purpose companies)-4-

Consolidated Profit & Loss Statements(million of yen)Previous Term

Current Term

From April 1, 2008

From April 1, 2009

to March 31, 2009

to March 31, 2010

AmountAmountSales

77,983

82,113

Cost of sales

62,62268,302Gross profit

15,361

13,810

1,749

1,779

13,611

12,031

85
19
31
86
222

136
32
63
124
357

3,139
700
195
4,036

4,249
16
117
158
4,540

9,798

7,848

5
5

40
40

1,498
508
151
600
2,758

3
366
508
944
1,822

7,045

6,065

3,068
3,977

2,668

Selling, general & administrative expenses
Operating income
Non-operating income
Interest and dividend income
Insurance income
Sales promotion income
OthersNon-operating expenses
Interest expense
Financing expense
Bond issue expense
OthersOrdinary income
Extraordinary gain
Gain on sale of fixed asset investment
Return on reversal of provision for opening shop cancellation losExtraordinary loss
Loss on sales of property, plant and equipment
Loss on disposal of property, plant and equipment
Amortization of opening cost
Loss on close of shops
Allowance opening shop cancellation loss
Opening shop cancellation loss
impairment loss

Pretax net income for the current term
Corporate inhabitants and enterprise taxes
Corporate tax adjustments
Minority interest income

Net income
Note : Figures are rounded down to the nearest million yen.

-5-3,396

Consolidated Statements of Shareholders Equity(million of yen)Previous Term

Current Term

From April 1, 2008

From April 1, 2009

to March 31, 2009

to March 31, 2010

AmountAmountShareholder's equity
Capital stock
Balance as of term beginning

15,324

15,324

15,324

5,599
5,599
20,924

15,79915,79915,7995,999
5,599
21,39939,415

42,130(1,261)
3,977
2,715
42,130(1,358)3,396
2,038
44,169

(306)

(313)

(6)
(6)
(313)

(2)
(2)
(315)

70,232

72,941(1,261)
3,977
(6)
2,709
72,941

11,199(1,358)3,396(2)13,235
86,177

(548)

(548)

(548)

(548)

(548)

(548)

(548)

(0)
(0)
(548)

9-

(9)
(9)
--

69,694

72,393(1,261)
3,977
(6)
(9)
2,699
72,393

11,199(1,358)
3,396
(2)
(0)
13,23585,629Change in current term
Share issued
Change in current term total
Balance as of term ending
Capital reserve
Balance as of term beginning
Change in current term
Share issued
Change in current term total
Balance as of term ending
Profit reserve
Balance as of term beginning
Change in current term
Dividend of profit reserve
Net income
Change in current term total
Balance as of term ending
Treasury stock
Balance as of term beginning
Change in current term
Purchase of treasury stock
Change in current term total
Balance as of term ending
Shareholder's equity total
Balance as of term beginning
Change in current term
Share issued
Dividend of profit reserve
Net income
Purchase of treasury stock
Change in current term total
Balance as of term ending

Difference from revaluation and exchange rate changes
Difference for land revaluation
Balance as of term beginning
Change in current term
Change in current term without capital stock items
Change in current term total
Balance as of term ending
Difference from revaluation and exchange rate changes total
Balance as of term beginning
Change in current term
Change in current term without capital stock items
Change in current term total
Balance as of term ending
Minority interest
Balance as of term beginning
Change in current term
Change in current term without capital stock items
Change in current term total
Balance as of term ending
Net assets total
Balance as of term beginning
Change in current term
Share issued
Dividend of profit reserve
Net income
Purchase of treasury stock
Change in current term without capital stock items
Change in current term total
Balance as of term ending
Note : Figures are rounded down to the nearest million yen.

-6-

Consolidated Statements of Cash Flow
Previous Term(million of yen)
Current Term

From April 1, 2008
to March 31, 2009

From April 1, 2009
to March 31, 2010

AmountAmountCash flow from operating activities

7,045
10,24321600(85)3,139700(5)
1,498
54508
38(201)26(324)
1,303
24,65223(3,166)(700)((6,740),)
13,978

6,065
14,358117
21(600)
944
(136)
4,249
16
3366
(69)
(83)
18
1,457
2,068
28,79898(4,218)(16)
116((2,603),)
22,175

1,861
10(26,955)(1,190)11(20)47742(25,762)

2,151(33,787)(5,430)
1,821
(631)
324
(64)
(35,616)(3,428)(1,910)32,924(14,292)(1,400)(6)(1,261)
10,625(1,159)(1,410)(5,808)43,2094,675(23,072)(4,001)
11,032(2,381)3,999(2)(1,358)24,881(0)
11,440

Increase / decrease in cash and cash equivalents(Change in accounting scope)

1,621

-

Cash and cash equivalents at beginning of term
Cash and cash equivalents at end of Interim

10,808
11,27011,27022,711

Net income before taxes
Depreciation expenses
Bond issue costs
Increase in officer's retirement allowance
Increase in allowance opening shop cancellation loss
impairment loss
Interest and dividend received
Interest paid
Commission paid
Gain on sale of fixed asset investment
Fixed assets sales losses
Fixed assets disposal losses
Loss on close of shops
Amortization of opening cost
Increase in accounts receivables
Increase in inventory
Increase in account payable
Increase in temporary payable
OthersSubtotalInterest and dividends received
Interest paid
Commission paid
Corporate taxes refund
Corporate taxes paid
Total cash flow from operating activities

Cash flow from investing activities
Decrease in cash and deposit (non-exempt properties)
Proceeds from collection of securities
Payment for acquisition of fixed asset investment
Payment for loan
Proceeds from collection of loan
Payment for key money deposit
Proceeds from collection of key money depositOthers
Total cash flow from investing activities

Cash flow from financing activities
Decrease in short-term loan
Payment for lease obligation
Proceeds from long-term loans
Proceeds from long-term loans (non-exempt properties)
Payment for long-term loans (non-exempt properties)
Payment for long-term loans
Proceeds for bond issue
Payment for bond redemption
Proceeds from stock issue
Payment for acquisition treasury stock
Dividend payments
Total cash flow from financing activities

Effect of exchange rate changes on cash and cash equivalents
Increase / decrease in cash and cash equivalents

Note : Figures are rounded down to the nearest million yen.

-7-