CCC Group announces FY2004 Results.
May 11, 2005
Consolidated Ordinary Income 7,775 million yen
(46% increase over same period of prior year)
Existing store sales compared to prior year: 105.8%
FY2005 consolidated ordinary income forecast: 1,100 million yen
FY2005 Plan to open new 100 stores
The consolidated results as of March, 2005 of Culture Convenience Club, Co., Ltd., (“CCC” headquarters: Shibuya-ku, Tokyo, President: Muneaki Masuda) are as follows: Net sales were 191,531 million yen (up 34% compared to the same period of the prior year), and the ordinary income was 7,775 million yen (up 46% over prior year), achieving historically the highest sales and ordinary income. Net losses for the year were 3,900 million yen, due to one-time write-offs for both consolidation adjustments and goodwill, along with liquidation of the internal content development business, as announced on February 9. (Figures announced on February 9: Net sales, 193,000 million yen; ordinary income 7,100 million yen; net income, (4,700 million) yen.
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