DAIICHIKOSHO

CO.,

LTD.

FY2012, the year ending March 31, 2013

Flash Report on the Consolidated Results for the First Quarter Ended
June 30, 2012 [JGAAP]
August ６, 2012

Company Name:
DAIICHIKOSHO CO., LTD.
Stock Exchange Listing: Osaka (JASDAQ)
Code Number:
7458
URL:
http://www.dkkaraoke.co.jp
Representative:
Saburo Hayashi, President
Contact:
Shigeki Kobayashi,
Corporate Officer; and General Manager, Accounting Department
Phone:+81-3-3280-2151
Scheduled Date to Submit the Quarterly Securities Report: August ９, 2012
Start Date for Dividend Payment: ―Availability of Supplementary Briefing Material on Quarterly Financial Results: None
Schedule of Quarterly Financial Results Briefing Session: None
(Amounts below one million yen are truncated.)

1. Consolidated Performance for the First Quarter Ended June 30, 2012 (From April 1, 2012,
to June 30, 2012)(1) Consolidated operating results(Percentage figures indicate increase/decrease from a year earlier.)
Net sales
31,156

Operating income
Ordinary income% Millions of yen% Millions of yen
%
1.5
4,661
(2.3)
4,979
(5.6)

30,6850.5Millions of yen

Three months ended
June 30, 2012
Three months ended
June 30, 2011

4,770

Net income(3.5)

Net income per share

Millions of yen%
Yen
Three months ended
2,980
(4.7)
47.54
June 30, 2012
Three months ended
3,126
2.4
48.68
June 30, 2011
(Note) Comprehensive income:Three months ended June 30, 2012: 3,047 million yen (8.6)%
Three months ended June 30, 2011: 3,332 million yen 5.5%

Total assets

Net assets
Millions of yen

As of June 30, 2012
140,727
As of March 31, 2012
142,238(Reference) Shareholders’ equity:
As of June 30, 2012: 93,017 million yen
As of March 31, 2012: 92,826 million yen

94,00793,8041

2.2

Fully diluted net income
per shareYen――(2) Consolidated financial position
Millions of yen

5,275

Equity ratio%
66.1
65.3

DAIICHIKOSHO

CO.,

LTD.

2. Dividend
First Quarter

Second Quarter
Yen
25.00

Annual dividend
Third Quarter

Year ended March 31, 2012――
Year ending March 31,―
2013
Year ending March 31,
25.00―
2013 (forecast)(Note) Changes in dividends forecast from most recently announced figures: None

Year-endYen
30.00

30.00

TotalYen
55.00

55.00

3. Forecast Consolidated Performance for FY2012, the Year Ending March 31, 2013
(From April 1, 2012, to March 31, 2013)
Net sales
Millions of yen

Six months ending
September 30, 2012
Year ending March 31,
2013 (full year)(Percentage figures indicate increase/decrease from a year earlier.)
Operating income
Ordinary income% Millions of yen% Millions of yen%

63,4002.0

8,400(7.8)

8,800(11.5)

130,000

2.2

18,8000.1

19,700(4.1)

Net income
Millions of yen

Net income per share
Yen%

Six months ending
5,000(4.9)
80.36
September 30, 2012
Year ending March 31,11,400(6.6)
183.232013 (full year)(Note) Changes in forecast of consolidated operating results from most recently announced figures: None*Notes(1) Significant changes in subsidiaries during the period under review (changes to specific subsidiaries resulting
from changes in scope of consolidation): None
(2) Adoption of special accounting policies for quarterly financial statements: None
(3) Changes in accounting standard, accounting estimation change and error correction
1) Changes due to changes in accounting standard: Yes
2) Changes due to changes in accounting standard except (3) 1): None
3) Changes due to accounting estimation change: Yes
4) Error correction: None
(4) Number of common shares issued
1) Number of shares issued
As of62,220,596 As of63,420,596(including treasury stock)June 30, 2012
shares March 31, 2012
Shares2) Number of shares of treasury
As of2,863 As of602,863
stock
June 30, 2012
Shares March 31, 2012
Shares3) Average number of shares
Three months ended 62,686,395 Three months ended 64,217,756
during the period
June 30, 2012
shares June 30, 2011
shares2DAIICHIKOSHO

CO.,

LTD.

* Presentation regarding the implementation status of the quarterly review
This flash report on the consolidated results for the interim period is not covered by the quarterly review procedure
stipulated in the Financial Instruments and Exchange Act. At the time of the publication of this report, the quarterlyreview procedure for quarterly consolidated financial statements is being implemented.
* Explanation for the appropriate use of performance forecasts and other special notes:
The statements regarding forecast of financial results in this report is based on the information that is available, as
well as estimates, assumptions and projections that are believed to be reasonable at the time of publication.
Therefore, there might be cases in which actual results greatly differ from forecast values.

(Changes in accounting standard, accounting estimation change and error correction)
Pursuant to the revisions to the Income Tax Law, Our company and its consolidated subsidiaries changed the method ofdepreciation of tangible fixed assets and use a method based on the revised Income Tax Law with regard to those assets
acquired on and after April 1, 2012.
This change increased operating income, ordinary income and income before income taxes and minority interests each by
36 million yen for the three months ended June 30, 2012.

3

DAIICHIKOSHO

CO.,

LTD.

Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Millions of yen)

FY2011(As of March 31, 2012)
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Inventories
Other
Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Karaoke equipment for rental, net
Karaoke cabin and restaurant facilities, net
Land
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Lease and guarantee deposits
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets

4

Current first quarter(As of June 30, 2012)

34,219
7,007
5,155
6,255
(130)
52,50831,239
6,653
4,934
7,745
(115)
50,456

6,180
14,47924,316
6,097
51,0746,737
14,44524,2896,147
51,620

472
6,081
6,553

436
5,846
6,282

13,892
12,8055,656(251)32,10289,730142,238

13,993
12,8385,791(256)
32,367
90,270140,727

DAIICHIKOSHO

CO.,

LTD.

FY2011(As of March 31, 2012)
Liabilities
Current liabilities
Notes and accounts payable-trade
Short-term loans payable
Income taxes payable
Provision for bonuses
Other
Total current liabilities
Noncurrent liabilities
Long-term loans payable
Provision for retirement benefits
Provision for directors' retirement benefits
Negative goodwill
Other
Total noncurrent liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Revaluation reserve for land
Foreign currency translation adjustment
Total accumulated other comprehensive income
Minority interests
Total net assets
Total liabilities and net assets

5

Current first quarter(As of June 30, 2012)

3,328
5,554
5,353
1,062
10,861
26,159

4,813
5,768
2,222
457
11,49724,75915,004
3,299
2,220
190
1,559
22,274
48,433

14,943
3,364
1,847
179
1,624
21,96046,71912,35012,90568,730(989)
92,996

12,35010,964
69,825(4)
93,136

793
(777)
(186)
(170)
978
93,804142,238

854
(777)
(196)
(118)
990
94,007140,727

DAIICHIKOSHO

CO.,

LTD.

(2) Quarterly Consolidated Statements of Income and Comprehensive Income（Quarterly Consolidated Statements of Income)Three months ended June 30, 2012
(Millions of yen)Three months ended
June 30, 2011
(From April 1, 2011,to June 30, 2011)
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating incomeInterest income
Dividends income
Cooperative monetary aid received
Amortization of negative goodwill
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of noncurrent assets
Total extraordinary income
Extraordinary loss
Loss on disposal of noncurrent assets
Impairment loss
Other
Total extraordinary losses
Income before income taxes and minority interests
Income taxes-current
Income taxes-deferred
Total income taxes
Income before minority interests
Minority interests in income
Net income

6

Three months ended
June 30, 2012
(From April 1, 2012,
to June 30, 2012)

30,685
17,585
13,1008,329
4,770

31,156
18,077
13,078
8,417
4,661

177
36
107
10313
646

157
32
109
10148
459

74
11
54
141
5,275

65
38
36
140
4,979

12
12

0
0

50
10
52
5,236
2,344(248)
2,095
3,140
13
3,126

19
57
－
77
4,901
2,238(332)
1,906
2,995
15
2,980

DAIICHIKOSHO

CO.,

LTD.

(Quarterly Consolidated Statements of Comprehensive Income)Three months ended June 30, 2012
(Millions of yen)Three months ended
June 30, 2011
(From April 1, 2011,
to June 30, 2011)
Income before minority interests
Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of theparent
Comprehensive income attributable to minority interests

7

Three months ended
June 30, 2012
(From April 1, 2012,
to June 30, 2012)

3,140

2,995

194
(1)
192
3,332

61
（9）
51
3,047

3,318
13

3,031
15DAIICHIKOSHO

CO.,

LTD.

Segment Information
Three months ended June 30, 2011 (From April 1, 2011, to June 30, 2011)
Reportable segments

Sales

Commercial
karaokeKaraokecabin andrestaurantMusic
softwareSubtotal

Other

Total

15,693

10,2872,481

28,462

2,223

30,685(Millions of yen)
Postedamount to theAdjusted
consolidated
amountquarterly(Note)
statements ofincome—

30,685

Segment income
3,562
1,572
176
5,311
201
5,512(741)4,770(Operating income)(Note) The (741) million yen adjustment posted to Segment income is primarily composed of General and Administrative Expenses
incurred from the administrative department at the head office that are not attributable to any particular segment.

Three months ended June 30, 2012 (From April 1, 2012, to June 30, 2012)
Reportable segments

Sales

Commercial
karaokeKaraokecabin and
restaurantMusic
softwareSubtotal

Other

Total

15,907

10,973

2,319

29,201

1,955

31,156(Millions of yen)
Postedamount to theAdjusted
consolidated
amountquarterly(Note)statements ofincome—

31,156

Segment income
3,338
1,643
205
5,187
313
5,501(840)4,661(Operating income)(Note) The (840) million yen adjustment posted to Segment income is primarily composed of General and Administrative Expenses
incurred from the administrative department at the head office that are not attributable to any particular segment.

8