Summary of Consolidated Financial Results
for the Nine Months of the Fiscal Year Ending February 2007
December 15, 2006

Company name: POINT INC.

Stock code: 2685

(URL: http://www.point.co.jp)

Listing: TSE 1st section

Representative:

Toshiaki Ishii, President and Representative Director

Contact:

Tsuyoshi Matsuda, Corporate Officer, General Manager of Administration Division

Tel: +81-3-3243-6011

1. Significant Accounting Policies in the Preparation of Quarterly Financial Information
1) Adoption of the simplified method for accounting:Yes
We have adopted the simplified method for booking allowance reserves and income taxes.
2) Changes to accounting methods in the most recent consolidated fiscal year:
None3) Changes in the scope of consolidation and application of the equity method:None
2. Consolidated Financial Results for the Nine Months ended November 2006 (March 1, 2006 − November 30, 2006)(All amounts are rounded down to the nearest million yen)
(1) Consolidated Results of Operations
Net sales
Million yen

Nine months ended Nov. 2006
Nine months ended Nov. 2005
Year ended Feb. 2006

Operating income%42,859
34,922
49,073

Million yen

22.728.7

9,158
7,759
9,973

Net income
Million yen%

Ordinary income%Million yen

18.0
34.5

%

9,171
7,754
9,957

18.3
34.6

Net income per share

Diluted net income per share

Yen

Yen

Nine months ended Nov. 2006
5,164
17.9
202.20201.36Nine months ended Nov. 2005
4,380
36.7
170.41
169.25
Year ended Feb. 2006
5,551
216.22214.69Notes: 1. Average number of shares (consolidated):
Nov. 2006:
25,542,515 shares,Nov. 2005:
25,707,266 shares,Feb. 2006:
25,673,981 shares
2. Percentages for net sales, operating income, ordinary income and net income represent year-on-year percentage change.

Qualitative Information Regarding Consolidated Results of Operations
Consolidated net sales in the nine months of the fiscal year increased remarkably to 42,859 million yen, 22.7% higher than
one year earlier due to the opening of new stores and effective renovation of existing stores.
Sales of “LOWRYS FARM” and “GLOBAL WORK”, our flagship brands, remained strong. Following these two brands,“JEANASIS” has developed to become our third core brand. Running behind these three, “RAGEBLUE,” “HEATHER”
and “HARE” brands also increased their sales considerably. Moreover, two new brands have been added to the lineup;“UNDERCURRENT” which targets both men and women in the late 30s to 50s; “LEPSIM LOWRYS FARM” which is abrand suitable for suburban locations. And besides, “APART BY LOWRYS,” which is a new brand launched at the end of
the previous fiscal year, performed very well.
We opened 76 new stores and closed five domestically, bringing the total number of stores in Japan at the end of the thirdquarter to 359.
Ordinary income increased 18.3% year-over-year to 9,171 million yen, although an increase in cost due to proactive efforts
such as disposal of outlet products ahead of schedule, and conducting planned advertisement and upgrade workforce skills.

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Total assets

Net assets

Equity ratio

Million yen

Million yen%

As of Nov. 30, 2006
31,17917,725
As of Nov. 30, 2005
27,76016,460
As of Feb. 28, 2006
29,16016,847
Note: Number of shares outstanding (consolidated):Nov. 30, 2006: 25,155,038 shares,
Nov. 30, 2005: 25,649,227 shares,

Net assets per share
Yen

56.8
59.3
57.8
Feb. 28, 2006:

703.91641.77659.1725,558,997 shares

Consolidated Cash Flow Position
Cash flows fromoperating activities

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash equivalents
at end of the period

Million yen

Million yen

Million yen

Million yen

Nine months ended Nov. 2006
Nine months ended Nov. 2005
Year ended Feb. 2006

1,780
2,533
7,744

(1,784)(1,898)(3,073)(4,376)(1,501)(2,338)

10,491
11,672
14,872

Qualitative Information Regarding Consolidated Financial Position
Assets totaled 31,179 million yen as of November 30, 2006, 3,418 million yen higher than one year earlier. Net asset rose
1,264 million yen to 17,725 million yen, decreasing equity ratio from 59.3% to 56.8% as a result.
Cash flows
Cash flows from operating activities were 1,780 million yen. The factors lying behind include income before income taxesof 8,902 million yen, increase in accounts receivable of 2,663 million yen, increase in inventories of 2,010 million yen,increase in accounts payable of 978 million yen and income taxes paid of 4,494 million yen.
Cash flows from investing activities were minus 1,784 million yen. It was mainly due to payment of 476 million yen for
acquisition of tangible assets, including Fukuoka New Logistics Center, and payment of 1,068 million yen for leasedeposits mostly for new stores.
Cash flows from financing activities were minus 4,376 million yen. It was mainly because of 1,279 million yen paid for
cash dividends and 3,573 million yen paid to buy back shares of Point Inc.
As a result, cash and cash equivalents was 10,491 million yen as of November 30, 2006, 4,381 million yen lower thanFebruary 28, 2006.
3. Consolidated Forecast for the Fiscal Year Ending February 2007 (March 1, 2006 – February 28, 2007)

Full year

Net sales

Ordinary income

Net income

Estimated net income per share

Million yen

Million yen

Million yen

Yen

60,00011,5006,300

249.63

Reference: Non-consolidated Forecast for the Fiscal Year Ending February 2007 (March 1, 2006 – February 28, 2007)
Net sales

Ordinary income

Net income

Estimated net income per share

Million yen

Million yen

Million yen

Yen

Full year
59,40011,4006,300
249.63*1. Forecasts regarding future performance in these materials are based on judgments made in accordance with information available atthe time this presentation was prepared. Actual results may differ significantly from these forecasts for a number of factors.
*2. Estimated net income per share is based on the number of outstanding shares (25,237,238 shares) after the exercise of stock options(number of unexercised shares: 82,200 shares).

Qualitative Information Regarding Consolidated Forecast
Point Inc. is revising its forecast for net sales, ordinary income and net income (released on October 5, 2006) for the fiscal
year ending February 28, 2007, based on the strong nine-month results.

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