CCC Group announces operations results for year ended Mar. 31, 2006
May 23, 2006
Ordinary income 14.5 billion yen (doubling prior year results)
18.55 million TSUTAYA members, retail platform of 1,570 locations
9 million TSUTAYA online members, 3.38 million dual card members
Ordinary income 17.5 billion yen for Mar. 2007 (up 21%)
May 23, 2006 (Tokyo, Japan) Culture Convenience Club Co., Ltd. (“CCC”, President: Muneaki Masuda) reported its consolidated operating results for the year ended Mar. 31, 2006 with net sales of 228.3 billion yen (up 19% compared to the prior year), and ordinary income of 14.5 billion yen (up 86% over the prior year). Ordinary income rose considerably above the prior year's results. The share acquisition deals for Digital Hollywood, Digital Scape, and IMJ, along with the share exchange deal with Rentrak Japan completed in November 2005 left the company with a net loss of 31.2 billion yen after 38 billion yen in one-time charges associated with consolidation and amortization of goodwill.
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