Consolidated business results
Financial Results for the year ended March 31,2011

May 11, 2011

ROUND ONE corporation

TSE and OSE first section

Code No.4680
URL http://www.round1.co.jp
C.E.O. and President
Masahiko Sugino
Tel : +72-224-5115
Managing Director and General Manager of Administrative Division Shinji Sasae
Date of Regular General Shareholder's Meeting : June 25, 2011.
Dividend will be paid on after June 27, 2011
Date of presentation expected date of securities report : June 27, 2011.
1. Business Results for the year ended in March 2011. ( April 1, 2010 to March 31, 2011 )(1) Operating Results( Figures are rounded down to the nearest million yen.)

Sales

Operating Income\mn(Note)

Comprehensive income\mn％

11,416
12,031

2.7
5.3

(5.1)
(11.6)

6,929
7,848％\mn％(11.7)(19.9)(12,673)
3,396(14.6)FY2010 : \(12,674)mn FY2009 : \-mn

Earnings per ShareInvestment gains and losses by the equity method

Return on
EquityNet Income per share,
fully diluted¥42.69(136.84)¥46.82FY2010 (2011/3)
FY2009 (2010/3)(Note)\mn％

84,303
82,113

FY2010 (2011/3)
FY2009 (2010/3)

Net Income

Ordinary Income

Operating Income to

Return on Assets

sales ratio％％％(15.4)
4.3

2.8
3.4

13.5
14.7

FY 2010 : None , FY 2009 : None

(2) Financial Status
Shareholder's Equity Ratio

Net Assets

Total Assets\mn(Note)\mn

252,106
251,240

FY2010 (2011/3)
FY2009 (2010/3)
Shareholder's equity

Shareholder's Equity
Per Share％

79,02885,62931.3
34.1¥829.37¥1,079.95

Cash flow byfinancing activities

at the end of quarter

FY2010(2011/3) : \79,028mn , FY2009(2010/3) : \85,629mn(3) Cash Flow
Cash flow by
operating activities

Cash flow by
investing activities\mn\mn22,41822,175FY2010 (2011/3)
FY2009 (2010/3)

Cash and cash equivalents\mn\mn(4,551)
24,881(23,563)(35,616)

17,00722,711

2.Dividend Payment
Annual dividend per share
1Q

2Q
\-

FY2009 (2010/3)
FY2010 (2011/3)
FY2011(2012/3)(estimate)

3Q\Term\10.00
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
20.00

\mn

1,520
1,745％％

44.8(14.6)
57.8

1.8
2.1

3.Forecasts for the FY2011. ( April 1, 2011 to March 31, 2012 )Sales (Consolidate)

\mn
1Q-2Q
FY2011(2012/3)

44,40088,000％

6.8
4.4

Operating Income(Consolidate)

\mn

7,000
12,500％27.3
9.5

Ordinary Income(Consolidate)

\mn

4,700
8,000-１-％

50.9
15.5

Net Income(Consolidate)

\mn

2,470
3,300

Earnings per share(Consolidate)％-¥25.92¥34.63

4.Others(1) The change of the important subsidiary in FY2010. (Change in consolidation scope in subsidiary.)none(2) Change in accounting method, accounting principle, how to disclose, and others to make the consolidated financial statements.
① Change in accounting standard : Yes② 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) FY2010(2011/3) : 95,452,914 / FY2009(2010/3) : 79,452,914
FY2010(2011/3) : 165,711 / FY2009(2010/3) : 163,091② Number of treasury stock at the term end.
FY2010(2011/3) : 92,614,750 / FY2009(2010/3) : 72,553,129③ Number of average stock.

(Reference)Non-consolidate business results

1. Business Results for the year ended in March 2011. ( April 1, 2010 to March 31, 2011 )(1) Operating Results( Figures are rounded down to the nearest million yen.)

Sales

\mn
FY2010 (2011/3)
FY2009 (2010/3)

FY2010 (2011/3)
FY2009 (2010/3)

Operating Income\mn％

83,995
82,113

2.3
5.3

3,983
6,069

Ordinary Income\mn％(34.4)(29.9)

7,027
7,864

Earnings per ShareNet Income per share,
fully diluted(¥135.78)¥47.04¥42.89Net Income％\mn％(10.6)(19.7)(12,575)
3,413(14.2)(2) Financial Status
Total Assets

Net Assets\mn(Note)

Shareholder's equity\mn

168,771
160,674

FY2010 (2011/3)
FY2009 (2010/3)

Shareholder's Equity Ratio

Shareholder's Equity
Per Share％

79,14385,64546.9
53.3¥830.58¥1,080.16

FY2010(2011/3) : \79,143mn , FY2009(2010/3) : \85,645mn

2.Forecasts for the FY2011. ( April 1, 2011 to March 31, 2012 )Sales\mn1Q-2Q
Term

44,15087,500Ordinary Income％

6.4
4.2\mnNet Income％

4,680
7,950

45.9
13.1-2-\mn

2,460
3,280

Earnings per share％-¥25.82¥34.42

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

End of Current Term(as of March 31, 2010)(as of March 31, 2011)

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

22,711
8,104
361
186
955
6,215
628
39,16317,007
5,766
414
234
1,113
12,061574
37,171

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

82,197
27,159231
387
47,65020,02723,484
1,461

202,298
169

202,599
231

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

175
20
3,888
7,222
213
582
12,103214,934
252,106

2.Fixed assets
Tangible fixed assets
Buildings and structures
Buildings and structures (non-exempt properties)
Bowling equipment
Arcade game machineLand
Land (non-exempt properties)
Lease asset
OthersOthers (non-exempt properties)
Tangible fixed assets total
Intangible fixed asset
Investments and other assets
Investments in affiliated company
Long-term loans
Deferred tax assets
Deferred tax assets for land revaluation
Key money deposited
Key money deposited (non-exempt properties)
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, 2010)(as of March 31, 2011)

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

156
862
913
6,298

189
2,882
913
11,107

17,496

21,387

6,502
793
6,218
39,241

9,679
236
363
4,725
51,4858,254
65,75839,306
11,630209873
336
126,369
165,611

7,340
72,07020,46014,461
6,066
203
431
557
121,592
173,078

20,924
21,39944,169(315)
86,17725,021
25,49629,749(317)
79,950

(548)
(0)
(548)
85,629251,240

(921)
(1)
(922)
79,028252,106

Fixed liabilities
Bonds
Long-term loans
Long-term loans (non-exempt properties)
Lease obligation
Asset retirement obligations
Officer'ss retirement allowance
OfficerKey money received
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
Foreign currency translation adjustments
Accumulated other Comprehensive income
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, 2009

From April 1, 2010

to March 31, 2010

to March 31, 2011

AmountAmountSales

82,11384,303

Cost of sales

68,302

71,030Gross profit

13,81013,273

1,779

1,856

12,031

11,416

136
32
63
124
357

147
23
173
91
75
511

4,249
117
16
158
4,540

4,609
18
62
237
4,999

7,848

6,929

40
40

-

3
366
944
508
1,822

495
1,796
363
21,451
3,173
27,280

6,065(20,351)

2,668
3,396

(7,677)(12,673)(12,673)-(12,673)(0)(12,674)

Selling, general & administrative expenses
Operating income
Non-operating income
Interest and dividend income
Insurance income
Sales promotion income
Subsidy income
OthersNon-operating expenses
Interest expense
Stock issue costs
Bond issue expense
Financing expense
OthersOrdinary income
Extraordinary gain
Return on reversal of provision for opening shop cancellation loss

Extraordinary loss
Loss on sales of property, plant and equipment
Loss on disposal of property, plant and equipment
impairment loss
Transfer allowance for loss due to disease
Opening shop cancellation loss
Loss on change of opening shop plan
Effect of adoption of asset retirement obligations

Pretax net income for the current term
Corporate inhabitants and enterprise taxes
Corporate tax adjustments
Pre-adjustment minority interest income

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

Pre-adjustment minority interest income
Foreign currency translation adjustments
Comprehensive income-5-Consolidated Statements of Shareholders Equity(million of yen)Previous Term

Current Term

From April 1, 2009

From April 1, 2010

to March 31, 2010

to March 31, 2011

AmountAmountShareholder's equity
Capital stock
Balance as of term beginning

15,32420,924

5,599
5,599
20,9244,096
4,096
25,021

15,79921,3995,999
5,599
21,3994,096
4,096
25,49642,13044,169(1,358)3,396
2,038
44,169(1,745)(12,673)(14,419)
29,749

(313)

(315)

(2)
(2)
(315)

(1)
(1)
(317)

72,941

86,177

11,199(1,358)3,396(2)
13,23586,177

8,193(1,745)(12,673)(1)(6,226)
79,950

(548)

(548)

(548)

(373)
(373)
(921)

-

(0)

(0)
(0)
(0)

(1)
(1)
(1)

(548)

(548)

(0)
(0)
(548)

(374)
(374)
(922)

72,39385,629

11,199(1,358)
3,396
(2)
(0)
13,23585,6298,193(1,745)(12,673)(1)(374)(6,600)79,028Change 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

Accumulated other Comprehensive income
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
Foreign currency translation adjustments
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
Total accumulated other Comprehensive income
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 itemsChange 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(million of yen)
Current Term

Previous Term
From April 1, 2009
to March 31, 2010

From April 1, 2010
to March 31, 2011

AmountAmountCash flow from operating activities

6,065
14,358944
117
21(600)
(136)
4,249
16
3
366
(69)
(83)
18
1,457
2,068
28,79898(4,218)(16)
116(2,603)
22,175(20,351)
18,824
1,796
21,451
(6)
363
(147)
4,609
495
3,173(52)(206)
33
6(476)
29,514112(4,719)(2,488)22,4182,151(33,787)(5,430)
1,821
(631)
324
(64)
(35,616)

2,337(6,259)491(32,900)
13,100
(492)
274
(114)
(23,563)(1,410)(5,808)43,2094,675(23,072)(4,001)
11,032(2,381)3,999(2)(1,358)24,881(0)
11,4402,020(8,270)24,646
3,275(18,230)(13,525)
(913)
8,193
(1)
(1,745)(4,551)(7)(5,704)

Increase / decrease in cash and cash equivalents(Change in accounting scope)-22,711

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

11,27022 711
22,711

22,711
17,00717007

Net income before taxes
Depreciation expenses
impairment loss
Loss on change of opening shop plan
Bond issue costs
Increase in officer's retirement allowance
Increase in allowance opening shop cancellation loss
Transfer alowance for loss due to disease
Interest and dividend received
Interest paid
Commission paid
Fixed assets sales losses
Fixed assets disposal losses
Effect of adoption of asset retirement obligations
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
Corporatetaxes paidpp
Total cash flow from operating activities

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