Consolidated Earnings Report for the Second Quarter of Fiscal 2011,YearEnding March 31,2012

November 10, 2011

ROUND ONE corporation
The person who accepts inquiry.
C.E.O. and President
Executive officer and General Manager of Administrative Division

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

Masahiko Sugino
Shinji Sasae

Date of presentation expected date of 2'nd Quarter securities report : November 11, 2011.
1. Business Results for the quarter ended in September 2011. ( From April 1, 2011 to September 30, 2011 )(1) Operating Results( Figures are rounded down to the nearest million yen.)

Sales(Note)

Comprehensive income\mn％45,99841,556

2'nd Quarter 2011.
2'nd Quarter 2010.

Ordinary Income

Operating Income

\mn

9,396
5,499

10.7
1.8

2'nd Quarter 2011 : \2,438mn (-%)

\mn％

70.9(8.9)

6,950
3,114

Net Income per share,
fully diluted¥25.51(¥61.21)-(2) Financial Status

％

2,430
(5,506)-( Figures are rounded down to the nearest million yen.)

Total Assets

Net Assets\mnShareholder's equity

Shareholder's Equity Ratio\mn241,563
252,1062'nd Quarter 2011.
Term 2010(Note)\mn

123.1(21.2)

2'nd Quarter 2010 : \(5,505)mn (-%)

Earnings per Share2'nd Quarter 2011.
2'nd Quarter 2010.

Net Income％％

33.3
31.3

80,51379,028

2'nd Quarter 2011. : \80,513mn , March 2011 term : \79,028mn

2.Dividend Payment
Dividend per Share
1'st Q

2'nd Q

3'rd Q\-Term 2010
Term 2011
Term 2011 (estimate)

3.Forecasts for the Term 2011. ( April 1, 2011 to March 31, 2012 )\mn
Term 2011

89,500％

6.2

Operating Income(Consolidate)\mn16,000\\-10.00

20.00-

10.00

20.00

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

Ordinary Income(Consolidate)

\mn％

40.1

annual\10.00
10.00

Sales (Consolidate)year end\11,000

Net Income(Consolidate)
％

58.8

\mn
3,300

Earnings per share(Consolidate)％-¥34.63

4.Others(1) The change of the important subsidiary in this Quarter. (Change in consolidation scope in subsidiary.)None(2) Apply to simple accounting method and special accounting method make a Quarter report.
None(3) 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 Change in accounting estimates : None
④ Restatement : None
(4) Number of shares outstanding during the term (Common stock)① Number of shares issued at the term end. ( Include treasury stock) End of 2Q 95,452,914 Term 2010 95,452,914
166,491 Term 2010
165,711② Number of treasury stock at the term end.
End of 2Q
89,956,095③ Number of average stock at the term end.
End of 2Q 95,286,775 Pre. 2Q-１-Quarterly Consolidated Financial Statements Balance sheets - 1(million of yen)
End of Previous Term(as of March 31, 2011)

End of 2'nd quarter(as of September 30, 2011)

AssetsCurrent assets
Cash and deposit
Cash and deposit (non-exempt properties)
Accounts receivable
Inventory
Supplies
OthersOthers (non-exempt properties)
Current assets total

17,007
5,766
414
234
1,113
12,061574
37,171

22,260
5,133
303
249
1,139
3,722
393
33,202110,204(28,006)
82,19733,676(6,517)
27,15947,65020,02739,269(15,785)
23,484
13 593
13,593(11,513)2,080
202,599
231

113,163(31,004)
82,15927,789(5,912)
21,87645,85918,80537,663(16,017)
21,64614 13814,138(11,157)
2,981
193,328
235

11,890213
12,103214,934
252,106

14,584212
14,797208,361
241,563

Fixed assets
Tangible fixed assets
Buildings and structures
Accumulated depreciation
Buildings and structures (Net)
Buildings and structures (non-exempt properties)
Accumulated depreciation
Buildings and structures (non-exempt properties) (Net)Land
Land (non-exempt properties)
Lease assets
Accumulated depreciation
Lease assets (Net)
Others
Accumulated depreciation
Others (Net)
Tangible fixed assets total
Intangible fixed asset
Investments and other assets
OthersOthers (non-exempt properties)
Investments 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)-2-

Quarterly Consolidated Financial Statements Balance sheets - 2(million of yen)
End of Previous Term(as of March 31, 2011)

End of 2'nd quarter(as of September 30, 2011)

Liabilities
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 obligations
Account corporate tax etc.
Allowance for loss due to disease
OthersCurrent liabilities total

189
2,882
913
11,107

168
720
1,047
15,616

21,387

16,273

9,679
236
363
4,725
51,485

9,685
259
127
4,905
48,804

7,340
72,07020,460203
14,461
6,066
989
121,592
173 078
173,078

8,949
63,482
19,329213
13,2686,123879
112,245
161 050
161,050

25,021
25,49629,749(317)
79,95025,021
25,496
31,227(317)
81,427

(921)
(1)

(921)
6(922)(914)

79,028252,106

80,513
241,563

Fixed liabilities
Bonds
Long-term loans
Long-term loans (non-exempt properties)
Officer's retirement allowancelease obligations
asset retirement obligations
OthersFixed liabilities total
Liabilities total
Net assets
Shareholder's equity
Capital stock
Capital reserve
Profit reserve
Treasury stock
Shareholder's equity total
The other amount of the comprehensive income total
Difference for land revaluation
Foreign currency translation adjustments
The other amount sum totals of the comprehensive
income 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)-3-

Quarterly Consolidated Profit & Loss Statements(million of yen)Previous 2'nd quarter

Current 2'nd quarterFrom April 1, 2010 to September 30, 2010

From April 1, 2011 to September 30, 2011

Sales

41,55645,998

Cost of sales

35,12435,776Gross profit

6,431

10,222

932

825

5,499

9,396

542
26
37
120

38
1996
155

Non-operating expenses total

2,256
248
2,504

2,272
328
2,601

Ordinary income

3,114

6,950

131
8,800

1,837
170
547
-Selling, general & administrative expenses
Operating income
Non-operating income
Interest and dividend income
Insurance income
Subsidy income
OthersNon-operating income total

Non-operating expenses
Interest expenseOthers

Extraordinary
y lossLoss from sale of fixed assets
Loss on disposal of property, plant and equipment
Opening shop cancellation loss
Loss on opening shop plan change
Influence of change in accounting method of asset
retirement obligations
OthersExtraordinary loss total

Pretax net income for the current quarter
Corporate inhabitants and enterprise taxes
Corporate tax adjustments
Corporate tax total
Minority interest income
Net income (2'nd Quarter)

-4-

3,173

-

12,105(8,990)1,357(4,841)(3,483)(5,506)(5,506)

39
2,594
4,355
137
1,787
1,9242,430
2,430

Quarterly Consolidated Statement of Comprehensive income(million of yen)

Net income before minority interest adjustments
or net loss before minority interest adjustments

Previous 2'nd Quarter

Current 2'nd Quarter

From April 1, 2010 to September 30, 2010

From April 1, 2011 to September 30, 2011

(5,506)

2,430

1
1

77(5,505)

2,438(5,505)

2,438

Other comprehensive income
Foreign currency translation adjustments
Other comprehensive income total
Quarterly comprehensive income(detail)
Quarterly comprehensive income related to parent company shareholdersQuarterly comprehensive income related to minority interest-5---