Flash Report on the Consolidated Result
For the 3rd Quarter (from March 1, 2011, to November 30, 2011) of the Fiscal Year Ending February 29, 2012
January 10, 2012
Listed Company Name: LAWSON, INC.
Code No.: 2651
(URL http://www.lawson.co.jp/company/ir/index.html)
Company Representative: Takeshi Niinami, Representative Director, President & CEO
Contact:Tomoki Takanishi , Financial & Accounting Office General Manager
Tel.: (03) 5435-2773
Scheduled date for submission of quarterly earnings report: January 13, 2012
Supplementary Documents quarterly results: Yes
Presentation of quarterly results: No
1. Consolidated Performance for the 3rd Quarter of the Current Period (from March 1, 2011, to November 30,
2011)(1) Consolidated operating results
Note: Amounts below one million yen are truncated.
Total operating revenues¥ Million%
Current 3rd Quarter
360,865
9.0
Previous 3rd Quarter
331,141（2.5）
Net profit¥ Million
20,614
20,789Current 3rd Quarter
Previous 3rd Quarter

%
（0.8）
5.0

Operating profit¥ Million%
49,772
8.4
45,920
4.4

Recurring profit¥ Million%
49,7639.9
45,2874.3

Net income per share¥
206.41
208.62

Fully diluted income per share¥
206.16208.40(2) Consolidated financial position
Capital adequacy
ratio¥ Million¥ Million%
At November 30, 2011
519,908
209,907
39.7
At February 28, 2011
476,036
208,466
42.7
Notes: Equity Capital November, 2011 ¥206,595 million
February, 2011 203,479 million
Total assets

Net assets

Net assets per share¥
2,068.48
2,037.50

2. Dividends status
Annual dividends per share2010 fiscal year¥―

Year-end
dividend¥
85.00¥
170.00―93.00

180.00

1Q

2Q

3Q

¥
―

¥
85.00

2011 fiscal year
87.00
2011 fiscal year
(Forecast)
Notes: Revision of forecast for dividends in the third quarter: None

1

Total

3. Forecast Consolidated Performance for 2011 fiscal year （from March 1, 2011, to February 29, 2012）
Total operating revenues
Operating profit
Recurring profit
Net profit¥ Million%¥ Million%¥ Million%¥ Million%
2011 fiscal year
473,000
7.2
61,50010.7
60,40010.6
23,500(7.4)
Reference: Forecast net profit per share for the 2011 fiscal year: 235.28yen
Note: Revision of forecasts for consolidated performance during the third quarter: None
4. Other(1) Change in important subsidiaries during the period (Changes in certain specified subsidiaries resulting inrevised scope of consolidation): None
(Note) This indicates any changes in specified subsidiaries during the second quarter resulting from a revisionof the scope of consolidation.
(2) Adoptions of simplified accounting methods or special accounting methods in presentation of quarterly
financial statements: Yes(Note) This indicates whether any simplified accounting methods or special accounting methods were adopted
in preparation of the quarterly financial statements.
(3) Changes in accounting principles, procedures, presentation methods, etc., pertaining to preparation of
consolidated financial statements (Those to be stated as significant accounting policies)
1. Changes associated with revision in accounting standards: Yes
2. Other changes: None
(Note) This indicates whether there were any changes in the accounting principles, procedures, presentation
methods, etc. pertaining to the preparation of the consolidated financial statements as stated under Changes inSignificant Accounting Policies for the Presentation of the Quarterly Financial Statements.
(4) Number of issued shares:i) The number of the stocks issued in the end of term
November, 2011: 100,300,000
February, 2011: 100,300,000ii) The number of treasury shares in the end of term
November, 2011: 422,134
February, 2011: 433,040
iii) Average number of shares during the term
November, 2011: 99,868,413
November, 2010: 99,652,292
Note: Disclosure of progress of quarterly review procedures
At the time of disclosure of this quarterly flash report, review procedures for quarterly earnings reports based on
the Financial Instruments and Exchange Act had not been completed.
Note: The above-mentioned forecast is based on the information, which is able to get hand at present, andincluding a potential risk and uncertainty. Therefore, actual achievements may differ from these forecasts due tomany factors.

2

1．
．Review of Operations(1) Overview of Consolidated Operating Results
During the first nine months of fiscal 2011, the period from March 1, 2011 to November 30, 2011, theJapanese economy picked up gradually despite lasting impact from the Great East Japan Earthquake inMarch, with robust sales recorded in the convenience store industry.
In this business environment, the LAWSON Group (the “Company”) focused on achieving a speedy
recovery of stores and the product supply chain in the disaster-affected areas with the aim of realizing theGroup’s corporate philosophy of “Happiness and Harmony in Our Community.” With these efforts, wewere appreciated by customers as a convenience store chain with a nationwide network as well as social
infrastructure that provides essential items at the local level.

Consolidated financial results for the first nine months of fiscal 2011 were as follows: Total operating
revenues were ¥360,865 million (up 9.0% year on year) and operating profit was ¥49,772 million (up8.4% year on year). Recurring profit totaled ¥49,763 million (up 9.9% year on year).
Net profit decreased ¥175 million compared to the corresponding period of the previous fiscal year to¥20,614 million (down 0.8% year on year).
(Convenience Store Operations and Overseas Businesses)
On the merchandise front, the “Company” developed menus catering to customer needs by leveraging
customer purchase data acquired through the multi-partner loyalty program, Ponta, which the Company
joined in March 2010.
In the rice category, our chilled lunch boxes, named “Lawson-Tei,” continued to enjoy popularity.
“Lawson-Tei” incorporates the color, taste and texture preferences of female customers, who havetraditionally proven reluctant to purchase convenience store lunch boxes.
Our private brand, “Lawson select,” which is mainly comprised of prepared foods, processed foods, anddaily necessities, was renewed in October 2011 and recorded robust sales. Our fresh food type LAWSON
stores (hybrid stores), which are basically regular existing LAWSON stores but with a stronger assortmentof fresh foods and daily delivered foods, continued to promote strategies to expand customer base byappealing to housewives and elderly people. The number of fresh food type LAWSON stores totaled
3,441 as of November 30, 2011. Some of these stores sell fresh vegetables produced at LAWSON Farms
in Japan, which the Company partially funded.

3

Sales by product group throughout all Lawson Group stores
Fiscal period

Previous 3rd Quarter

Current 3rd Quarter

March 1, 2010 to November 30, March 1, 2011 to November 30,
2010

Product group

2011

Sales

Percentage of

Sales

Percentage of(Millions of

Total (%)

(Millions of

Total (%)

yen)

yen)

Processed foods

676,49153.4

775,300

56.2

Fast foods

243,984

19.2

261,198

18.8

Daily delivered foods

199,64415.8

200,659

14.6

Nonfood products

146,952

11.6

143,291

10.4

1,267,073

100.0

1,380,450

100.0

Total

Regarding sales promotions, the Company executed the HAPPY 10,000 Campaign in celebration ofreaching the 10,000 store milestone in Japan, as well as the Autumn Rilakkuma Fair.
Regarding services, total Ponta members reached 36.96 million as of November 30, 2011, including
members joining through other participating companies. LAWSON provided loyalty points appealing toPonta members while expanding its membership base.
To improve store operations, we promoted merchandise assortments that matched customer needs specificto each store by utilizing our backbone IT system, PRiSM, to analyze sales data collected from Ponta card
members and to use the analyzed data in store-based order placements. In addition, we have strived tomake more use of PRiSM at each store with the goal of enhancing accuracy in order placement in order toreduce opportunity loss. Through these measures, we will continue to work toward creating stores thatfully satisfy the desires of customers to purchase “whatever you want, whenever and wherever you needit.”Regarding new store openings, the Company worked to develop new stores, emphasizing profitability byrigorously adhering to proprietary group standards required for opening stores.
[Change in Total Number of Domestic Stores]
LAWSON
Total stores as ofFebruary 28, 2011
Change during fiscal
year
Total stores as ofNovember 30, 2011

(Stores)
NATURALLAWSON

8,686

90

LAWSONSTORE100
1,077

Total

283

6

82

371

8,969

96

1,159

10,224

9,853(Note) The total number of LAWSON stores as of November 30, 2011 includes 72 stores operated by LAWSON TOYAMA,
INC. the Company’s consolidated subsidiary.

4Number of Domestic stores by prefecture (As of November 30, 2011)
NumberPrefecture

NumberPrefectureof stores

NumberPrefectureof stores

NumberPrefectureof stores

NumberPrefectureof storesof stores

Hokkaido

556

Saitama

414

Gifu

125

Tottori

94

Saga

63

Aomori

171

Chiba

363

Shizuoka

186

Shimane91

Nagasaki

90

Iwate

156

Tokyo

1,358

Aichi

489

Okayama124

Kumamoto

99

Miyagi

187

Kanagawa

727

Mie

98

Hiroshima

148

Oita

142

Akita

157

Niigata

106

Shiga

129

Yamaguchi

111

Miyazaki84

Yamagata

63

Toyama

183

Kyoto

264

Tokushima

102

Kagoshima

108

Fukushima

94

Ishikawa

91

Osaka

984

Kagawa97

Total

Ibaraki

112

Fukui

99

Hyogo

568

Ehime

159

Tochigi

110

Yamanashi

78

Nara

98

Kochi

60

Gunma

69

Nagano135

Wakayama

113

Fukuoka

369

10,224

The number of fresh food convenience stores, LAWSON STORE100, operated by the Company’s
consolidated subsidiary Ninety-nine Plus Inc., reached 1,159 as of November 30, 2011. The subsidiary
continues to promote franchise expansion. Some of these stores also sell vegetables produced at
LAWSON Farms.
LAWSON OKINAWA, INC. the Company’s equity-method affiliate, was operating 145 stores in
Okinawa Prefecture as of November 30, 2011.
Regarding our overseas businesses, the Company made additional investments in its Chineseequity-method affiliate, SHANGHAI HUALIAN LAWSON CO., LTD., in September 2011 and converted
it into a consolidated subsidiary. The number of LAWSON stores in Shanghai in the People’s Republic ofChina (hereafter referred to as China) totaled 308 as of November 30, 2011.
CHONGQING LAWSON CO., LTD., also a consolidated subsidiary of the Company, was operating 30
LAWSON stores in Chongqing, China, as of November 30, 2011.
Additionally, the Company established DALIAN LAWSON CO., LTD in Dalian, China, in September
2011 as its consolidated subsidiary, which opened its first store in Dalian in November 2011.
In regions outside of China, the Company established LAWSON ASIA PACIFIC HOLDINGS PTE. LTD.
(LAP) in May 2011 in the Republic of Singapore as its consolidated subsidiary, in order to control the
Company’s subsidiaries and affiliates that operate convenience stores outside Japan (excluding China).
Also, the Company entered into a licensing agreement in June 2011 with PT MIDI UTAMA INDONESIA
Tbk (MIDI), a member of the Alfa Group, which operates a large-scale retail business in the Republic ofIndonesia. Furthermore, LAP acquired a 30% equity stake in MIDI in July 2011. As of November 30,
2011, MIDI operates 466 stores of their own brand and one LAWSON store in Jakarta, Indonesia.

5

(Other Businesses)
In addition to convenience store operations, the Company is involved in entertainment/e-commerce,
financial services, and other businesses.
The Company’s consolidated subsidiaries LAWSON ENTERMEDIA, INC. and HMV Japan K.K., which
operate entertainment/e-commerce-related businesses, merged as of September 1, 2011 to become
LAWSON HMV ENTERTAINMENT, INC. The Company’s entertainment/e-commerce-related businessled by the merged company has shown steady recovery at a pace exceeding our original expectations
despite the negative impact of the Great East Japan Earthquake which resulted in voluntary cancellationand postponement of some concerts and in the voluntary delay of new CD/DVD releases.
The Company opened its comprehensive online entertainment mall, LAWSON HOT STATION Lpaca,
and its online shopping mall, Loppi, in August and September 2011, respectively. Loppi has expanded
merchandise offering since November 2011 with particular emphasis on daily necessities and foods, andLpaca has increased the number of books. The Company will continue working to make online shopping
even more convenient for users in their everyday lives.
In addition, we are promoting collaboration between Yahoo! JAPAN’s network service and LAWSON
stores, leveraging the alliance with Yahoo JAPAN Corporation which commenced in June 2011.
Furthermore, we will focus on reinforcing the e-commerce business by providing price comparison andproduct search functions offered by Venture Republic Inc., with which the Company entered into a capitaland business alliance in January 2011.
LAWSON ATM NETWORKS, INC., which operates a financial services-related business, has worked toincrease the number of transactions in response to the increased number of ATMs installed nationwide in
LAWSON stores. As of November 30, 2011, the number of ATMs installed nationwide totaled 8,902.

2. Qualitative Information Regarding Changes in Other Consolidated Financial
Indicators(1) Financial Position at the 3rd Quarter end
Total Assets, Total Liabilities and Net Assets at the 3rd Quarter End
At November 30, 2011, total assets stood at ¥519,908 million, an increase of ¥43,871 million from February
28, 2011. This mainly reflected a ¥4,400 million increase in account receivable-due from franchised stores anda ¥20,615 million increase in net property and store equipment.
Total liabilities increased ¥42,431 million from February 28, 2011 to ¥310,001 million at November 30, 2011.
This mainly reflected a ¥ 14,618 million increase in accounts payable-trade and a ¥15,037 million increase in

asset retirement obligations.
Net assets stood at ¥209,907 million, increased ¥1,440 million from February 28, 2011. This is primarily due

to the increase of retained earnings by ¥3,369 million, although decrease of ¥1,626 million in minority
interests.

6

(2) Cash Flows During the 3rd Quarter
Cash and cash equivalents at November 30, 2011 were ¥67,876 million, increased ¥164 million compared with
February 28, 2011.
Operating activities provided net cash of ¥63,293 million, an increase of ¥5,498 million from thecorresponding period of the previous 3rd Quarter, mainly due to increase in account payable-other and deposits
received.
Investing activities used net cash of ¥38,956 million, an increase of ¥12,487 million from the corresponding
period of the previous 3rd Quarter, mainly due to an increase in purchase of stocks of subsidiaries andaffiliates.
Financing activities used net cash of ¥24,174 million, a decrease of ¥2,354 million over the corresponding
period of the previous 3rd Quarter, mainly due to a decrease in purchase of treasury stock.

3. Other(1) Change in important subsidiaries during the period (Changes in certain specified subsidiaries resulting
in revised scope of consolidation): None
(2) Adoptions of simplified accounting methods and accounting methods particular to presentation ofquarterly financial statements:① Adoption of simplified accounting methods: Yes
Regarding property and store equipment to which the declining-balance method is applied, theamount of depreciation is calculated by apportioning depreciation equally during the period.
② Accounting methods particular to presentation of quarterly financial statements: None7

3. Consolidated Financial Statements etc.
(1)Consolidated Balance Sheets (Unaudited)（Millions of yen）

As of November 30, 2011 and February 28, 2011
November 30, 2011

February 28, 2011

Cash and bank deposits

73,481

74,816

Accounts receivable—due from franchised stores

20,55916,159Marketable securities

4,999

2,999

Merchandise inventories

8,661

7,011

Accounts receivable—other

31,00429,285

Deferred tax assets

4,061

4,943

Other

11,7109,891

Allowance for doubtful accounts

(173)

(97)

154,304

145,009214,938

192,865

Accumulated depreciation(109,496)(96,463)

Buildings and structures-net

105,441

96,401

Vehicles, tools, furniture and fixtures

63,762

61,156

Accumulated depreciation(50,286)(47,914)

Vehicles, tools, furniture and fixtures-net

13,476

13,241

68,366-

Accumulated depreciation(15,854)-

Lease assets-net

52,512-

8,018

58,311-(9,120)8,018

49,190179,449

158,833

Software27,551

27,901

Goodwill

11,329

7,717

Other

541

477

Subtotal

39,42236,096Long-term loans receivable

31,92331,825

Lease deposits

83,251

81,654

Deferred tax assets

17,937

13,253Claims provable in bankruptcy, claims provable

15,185

15,372

Other

14,372

10,037

Allowance for doubtful accounts(15,937)(16,047)

Subtotal

146,732

136,096

Total

365,604

331,026

Total assets

519,908

476,036

Current assets:

Total
Fixed assets:
Property and store equipment
Buildings and structures

Lease assets

Other
Accumulated depreciation
Lease assets-net
Subtotal
Intangible fixed assets;

Investments and Other;in rehabilitation and other8

（Millions of yen）
November 30, 2011

February 28, 2011

Accounts payable —trade

96,017

81,398

Accounts payable— due to franchised stores

1,311

1,179

Lease obligations

10,571-

Income taxes payable

9,180

10,673

Deposits received

70,321

62,340Accrued employees’ bonuses

1,662

3,768

789

1,287

22,02531,947

211,880

192,595

Lease obligations

36,923-

Allowance for employees’ retirement benefits

8,451

7,529

284

234

Deposits received from franchisees and lessees

36,085

37,139Asset retirement obligations

14,876

-

Other

1,499

30,070

Total

98,121

74,974

Total Liabilities

310,001

267,570

Common stock

58,50658,506

Capital surplus

47,70547,696

Retained earnings

102,977

99,608Treasury stock(1,651)(1,693)

207,538

204,117

Net unrealized gain on available-for-sale securities

(39)

(4)

Land revaluation difference

(567)

(634)

Foreign currency translation adjustments

(335)

1

Valuation and translation adjustments

(942)

(638)

Stock acquisition rights

356

405

Minority interests

2,955

4,581

Total net assets

209,907

208,466

Total Liabilities and net assets

519,908

476,036

Current liabilities:

Provision for use of points granted
Other
Total
Long-term Liabilities;

Allowance for retirement benefits to executive officers and corporate auditors

Shareholders’ equity;

Total Shareholders’ equity
Valuation and translation adjustments;9(2) Consolidated Statements of Income (Unaudited)
For the 3rd quarter of the fiscal year (From March 1, 2010 to November 30, 2010) (From March 1, 2011 to November 30, 2011)（Millions of yen）
November 30, 2010

November 30, 2011

Total operating revenues

331,141

360,865

Net sales

142,942

156,929

105,980

117,822

36,962

39,106

Franchise commission from franchised stores

149,651

163,755

Other

38,54640,180Operating revenues

188,198

203,936

Operating gross profit

225,161

243,043

179,240

193,270

45,92049,772

1,301

1,618

Interest received

493

494

Equity in earnings of affiliates

228

155

Compensation income

196

-

Other

383

968

1,934

1,628

Interest expense

706

829

Loss on cancellation of store lease

959

370

Other

268

428

45,28749,763

1

2,042

Gain on sales of investment securities

1-

Gain on step acquisitions

-

1,570

Gain on negative goodwill

-

273

Other

-

198

8,363

16,107

Loss on retirement of noncurrent assets

2,229

1,531

Loss on sales of noncurrent assets

1,284

-

Impairment loss

4,311

2,716

Loss on disaster

-

3,421

Loss on adjustment for changes of accounting standard

-

8,292

537

145

Income before income taxes and minority interests

36,92535,699

Income taxes;

15,48914,452

Income taxes - current

11,497

17,144

Deferred income taxes

3,991(2,692)

Income before minority interests-

21,246

Minority interests in net income

646

632

20,78920,614

Cost of goods sold
Gross Profit

Selling, general and administrative expenses
Operating profit
Non – operating income and expenses;
Non – operating income;Non – operating expenses;

Recurring profit
Extraordinary income and losses;
Extraordinary income;Extraordinary losses;

for asset retirement obligations
Other

Net profit

10

(3)Consolidated Statements of Cash Flows (Unaudited)
For the 3rd quarter of the fiscal year (From March 1, 2010to November 30, 2010) (From March 1, 2011 to November 30, 2011)(Millions of yen)
November 30, 2010

November 30, 2011

Income before income taxes

36,92535,699Depreciation of fixed assets

24,14827,620

Increase in provision for allowance for retirement benefits to employees

755

922

Interest received

(493)

(497)

Interest expense

706

829

Impairment loss

4,311

2,716

Loss on retirement of noncurrent assets

1,379

1,531

Loss on disaster

-

3,421

Loss on adjustment for changes of accounting standard for asset retirement obligations

-

8,292

Loss on step acquisitions-(1,570)

Other-net(619)(2,103)

Decrease in accounts receivable due from franchised stores

1,578(2,399)

Increase in accounts receivable-other

(416)

192

Increase in accounts payable—trade and due to franchised stores

12,357

10,756

Increase in accounts payable—other(7,019)(1,824)

Increase in deposits received

(910)

7,972

Decrease in lease deposits from franchisee and lessees(788)(1,245)

Other-net

2,167(4,871)

Subtotal

74,08285,442

Interest income received

496

502

Interest expenses paid

(706)

(829)

(16,078)(18,492)-(3,329)57,79463,293

Payments into time deposits(23,000)(20,100)

Proceeds from withdrawal of time deposits

15,50019,600

Proceeds from redemption of marketable securities

2,500

-

Payment for acquisition of property and store equipment(15,845)(19,965)

Purchase of intangible assets(5,280)(5,637)Purchase of stocks of subsidiaries and affiliates-(6,044)Purchase of investments in subsidiaries resulting in change

-

(982)

455

13

-

(3,415)(798)(2,424)(26,468)(38,956)

Operating activities;

Income taxes paid
Payments for loss on disasterNet cash flows provided by operating activities
Investing activities;in scope of consolidation
Proceeds from purchase of investments in subsidiaries resulting
in change in scope of consolidation
Payments for transfer of business
Other – net
Net cash used in investing activities
11

(Millions of yen)
November 30, 2010

November 30, 2011

Repayments of lease obligations(6,543)(6,950)Cash dividends paid

(16,422)(17,177)

Purchase of treasury stock(3,507)

-

(55)

(46)

(26,528)(24,174)

(12)

(47)

Net increase in cash and cash equivalents

4,784

114

Cash and cash equivalents, beginning of year

54,84367,712-49

59,62767,876

Financing activities;

Other
Net cash used in financing activities
Effect of exchange rate change on cash and cash equivalents

Increase (decrease) in cash and cash equivalents resulting
from change of scope of consolidation
Cash and cash equivalents at end of period12(4) Notes to Going Concern
Not Applicable.

(5) Segment Information[Business segment information](From March 1, 2010 to November 30, 2010)
The Company operates mainly the franchised store business and total operating revenue, operating income andtotal assets of the franchised store business account for more than 90% of the respective consolidated totals at all
segments for current 3rd quarter, therefore information by industry segment is omitted.

[Geographic segment information](From March 1, 2010 to November 30, 2010)
Because net sales in Japan account for more than 90% of total net sales, LAWSON has omitted geographicalsegment information.

[Overseas sales](From March 1, 2010 to November 30, 2010)
Overseas sales account for less than 10% of consolidated sales at all segments for current 3rd quarter, therefore
overseas sales information is omitted.

[Segment Information]i) Outline of reporting segments
The Company’s financial information is provided separately by reporting segment and is subject to regular review
by the board of directors with regard to the allocation of managerial resources and performance evaluation.
The Group’s primary business is the operation of convenience stores, which is undertaken by the incorporation ofrelated businesses.
Therefore, the Group has made the convenience store unit its main reporting segment, based on consideration offinancial characteristics and the nature of the services provided.
LAWSON, 99plus and LAWSON Toyama running the LAWSON, NATURAL LAWSON, LAWSON STORE 100
and other chains, the convenience store unit operates a franchise system as well as undertaking the direct
management of stores in Japan.

13ii) Information related to the amount of sales, profit and loss by segment
Consolidated performance for the current 3rd quarter period (from March 1, 2011, to November 30, 2011)(Millions of yen)Amount posted on theConvenience

quarterly consolidated
Others (Note 1)

Total

Adjusted amountstore businessprofit and loss statement(Note 2)

Total operating
revenues
Sales to external
313,764

47,101

360,865-

360,865

1,467

1,613

3,080

(3,080)-Total

315,232

48,714363,946(3,080)360,865

Segment profit

46,211

3,561

49,772-

49,772

customers
Internal sales ortransfers between
segments(Note) 1. The “others” category refers to business segments that do not fall under the main reporting segment andincludes the entertainment/e-commerce segment and overseas segment.
2. The segment profit is adjusted against the operating profits of the quarterly consolidated profit and loss
statement.

iii)Information related to impairment loss or goodwill of fixed assets by reporting segment
Consolidated performance for the current 3rd quarter period (from March 1, 2011, to November 30, 2011)(Significant impairment losses related to fixed assets)
The Group defines a store as the primary basic unit and the smallest unit that generates cash flow. For asset
groups that have continuously generated losses from their sales activities, their book value has been reduced to arecoverable amount and such amount has been posted as impairment loss under extraordinary losses.
The amount posted for the convenience store segment is 2,715 million yen.
(Significant change in the amount of goodwill)In the convenience store segment, the amount of goodwill for this 3rd quarter consolidated fiscal period
increased by 1,704 million yen because of transfer of business.
(Additional Information)
Effective from this 1st quarter consolidated fiscal period, the "Accounting Standards for Disclosure of Segment
Information, Etc." (ASBJ Statement No. 17, March 27,2009) and the "Guidance for Application of the AccountingStandards for Disclosure of Segment Information, Etc."(ASBJ Guidance No. 20, March 21, 2008) shall apply
hereto.

(6) Notes to Significant Changes in Shareholders’ Equity
Not Applicable14