Summary of Consolidated Financial Results
for the First Quarter of the Fiscal Year Ending February 28, 2013
(Three Months Ended May 31, 2012)[Japanese GAAP]
June 29, 2012

Company name:
Stock code:
Representative:
Contact:

POINT INC.
Listing: TSE 1st section
2685
URL: http://www.point.co.jp
Michio Fukuda, Representative Director, Chairman & President
Tsuyoshi Matsuda, Director, Managing Corporate Officer,
Tel: +81-3-3243-6011
General Manager of Administration Division
Scheduled date of filing of Quarterly Report:
July 13, 2012
Scheduled date of payment of dividend:
Preparation of supplementary materials for quarterly financial results: Yes
Holding of quarterly financial results meeting:
None
Note: The original disclosure in Japanese was released on June 29, 2012 at 15:00 (GMT +9).
(All amounts are rounded down to the nearest million yen)

1. Consolidated Financial Results for the First Quarter of the Fiscal Year Ending February 28, 2013
(March 1, 2012 – May 31, 2012)(1) Consolidated results of operations (cumulative)
Operating income(Percentages represent year-on-year changes)
Ordinary income
Net income

Million yen

Million yen

Net sales
Million yen%%%Million yen

Three months ended May 31, 2012
26,940
7.8
2,367
6.7
2,418
6.6
Three months ended May 31, 2011
24,9957.8
2,219 (37.6)
2,269 (37.2)
Note: Comprehensive income
Three months ended May 31, 2012:
1,445 million yen (up 45.4 %)Three months ended May 31, 2011:
994 million yen (- %)Net income per share

Diluted net income pershare

Yen

Yen

Three months ended May 31, 2012
Three months ended May 31, 2011

57.07
44.98%

1,352
1,068

26.5
(42.1)-(2) Consolidated financial position
Total assets
Million yen

As of May 31, 2012
As of Feb. 29, 2012
Reference: Shareholders’ equity

As of May 31, 2012:

Net assets

Equity ratio

Million yen%

59,022
62,771
39,564 million yen

39,792
41,191
As of Feb. 29, 2012:

67.0
65.3
40,969 million yen

2. Dividends
1Q-end2Q-endYen

Yen

Fiscal year ended Feb. 29, 2012
Fiscal year ending Feb. 28, 2013
Fiscal year ending Feb. 28, 2013 (forecast)
Note: Revision to the most recently announced dividend forecast: None

Dividend per share
3Q-endYear-end
Yen

YenTotal
Yen

50.00

-70.00120.0050.00-70.00

120.003. Consolidated Forecast for the Fiscal Year Ending February 28, 2013 (March 1, 2012 – February 28, 2013)
Net sales
Million yen%

Operating income

Ordinary income

Million yen

Million yen%

First half
56,900
8.3
4,700
0.5
4,800
Full year
125,000
8.6
13,1006.0
13,200Note: Revision to the most recently announced consolidated forecast: None

(Percentages represent year-on-year changes)
Net income
Net income per share%

1.0
5.4

Million yen

2,700
7,500%

12.7
10.5

Yen

113.94316.51

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in changes inscope of consolidation): Yes
Newly added: 1 (Singapore Point Pte. LTD)

Excluded: -(2) Special accounting methods in the preparation of quarterly consolidated financial statements: None

(3) Changes in accounting policies and accounting-based estimates, and restatements
1) Changes in accounting policies due to revisions in accounting standards, others: None
2) Changes in accounting policies other than 1) above: None
3) Changes in accounting-based estimates: None
4) Restatements: None

(4) Number of outstanding shares (common stock)1) Number of shares outstanding at end of period (including treasury stock)
As of May 31, 2012:

24,400,000 shares

As of Feb. 29, 2012:

24,400,000 shares

As of Feb. 29, 2012:

637,885 shares

2) Number of shares of treasury stock at end of period
As of May 31, 2012:

1,034,565 shares

3) Average number of shares outstanding during the period
Three months ended May 31, 2012: 23,696,001 shares

Three months ended May 31, 2011:23,762,115 shares

Note 1: Indication of quarterly review procedure implementation status
The current quarterly financial statements are exempted from quarterly review procedures based on the Financial Instruments andExchange Law. At the time of disclosure, the review procedures for these quarterly financial statements have not been completed.
Note 2: Cautionary statement with respect to forward-looking statements
Forward-looking statements in this report are based on currently available information and certain assumptions judged to bereasonable. Actual results may differ significantly from these forecasts for a number of factors. Please refer to the section“Qualitative information regarding consolidated forecast” on page 1 regarding preconditions or other related matters for theforecast shown above.

Reference: Summary of Non-consolidated Forecast
Non-consolidated Forecast for the Fiscal Year Ending February 28, 2013 (March 1, 2012 – February 28, 2013)
Net sales
Million yen%

Operating income

Ordinary income

Million yen

Million yen%First half
54,800
7.5
4,500
1.6
4,600
Full year
119,500
7.1
12,5006.7
12,700Note: Revision of non-consolidated forecast during the period: None(Percentages represent year-on-year changes)
Net income
Net income per share%

0.1
5.8Million yen

2,600
7,300%

14.0
11.4

Yen

109.72308.07

POINT INC. (2685) Summary of 1Q Financial Results for February 2013 Fiscal Year

1. Qualitative Information Regarding Quarterly Consolidated Financial Performance(1) Qualitative information regarding consolidated results of operations
In the first quarter of the current fiscal year (March 1, 2012 to May 31, 2012), the Japanese economy was somewhat
firm mainly because of demand from the Great East Japan Earthquake reconstruction activities and consumer
spending. However, domestic demand remained flat overall. Exports to the United States were much higher, partly
because of a rebound from the downturn after the earthquake. The recovery in Japan’s total exports was held backby weakness in exports to Europe caused by a lackluster European economy weighed down by the debt crisis.
In the casual wear market, in which our group operates, conditions continued to be difficult due to the lack of any
significant improvements in employment and personal income as the economic outlook remains uncertain.
In this environment, domestic existing-store sales were 100.4% of the same period of the previous fiscal year, in arebound from the drop in sales that followed the earthquake. After including the contribution to sales from newstores in Japan and higher sales overseas, consolidated net sales increased 7.8%.
In Japan, three new brands, namely COLLECT POINT, REPIPI ARMARIO and JEWELIUM, posted strong sales
growth and sales of HARE, among existing brands, kept growing steadily.
However, sales of APART BY LAWRYS decreased because of a reduction in the number of stores.
In May, we suspended operations of the NASHDULEK brand, which was launched in March 2011.
We continued to aggressively open new stores and close unprofitable ones in Japan: we opened 35 new stores, andclosed 13, resulting in a domestic network of 790 stores at the end of the first quarter (including 31 e-commerce
websites).
Overseas, one store was opened and two were closed in Taiwan, one store was opened in Hong Kong, and one store
was opened in Singapore. At the end of the first quarter, there were 26 stores in Taiwan, 18 in Hong Kong, 11 in
China, and one in Singapore for a total of 56 overseas stores.
Regarding profits, the gross profit margin was virtually unchanged at 62.0% (up 0.1 point year-on-year) even thoughpersonnel expenses for designers and other production expenses were included in the cost of sales.
Selling, general and administrative (SG&A) expenses increased 8.0% year-on-year. The increase was attributableprimarily to the opening of many stores in Japan and overseas, growth in depreciation expenses, and higher
personnel expenses in order to strengthen operations for achieving the goals of the TOP15 medium-term
management plan. SG&A-to-sales ratio rose 0.1 point year-on-year to 53.2%, and the operating income margin
declined 0.1 point to 8.8%.
There were extraordinary losses of 93 million yen because of impairment losses at 13 stores totaling 78 million yen
and investment security valuation losses of 14 million yen.
As a result, consolidated net sales in the first quarter increased 7.8% year-on-year to 26,940 million yen, operating
income increased 6.7% to 2,367 million yen, ordinary income increased 6.6% to 2,418 million yen, and net income
increased 26.5% to 1,352 million yen.
(2) Qualitative information regarding consolidated financial position
Total assets decreased 3,748 million yen from as of February 29, 2012 to 59,022 million yen as of May 31, 2012.
This was mainly due to increases in accounts receivable-trade of 1,930 million yen, and property, plant andequipment of 540 million yen, in spite of a decrease in short-term investment securities (commercial papers andtreasury discounted bills) of 7,499 million yen.
Liabilities decreased 2,348 million yen to 19,230 million yen. This was mainly due to a decrease in accounts
payable-trade of 2,877 million yen.
Net assets decreased 1,399 million yen to 39,792 million yen. This was mainly due to the treasury stock purchasesof 1,182 million yen.
(3) Qualitative information regarding consolidated forecast
There are no revisions to the consolidated forecast for the first half and full year of the current fiscal year that wasannounced on April 4, 2012.
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