Ordinary income 11.6 billion yen
(rises 11.5% over third period of prior year)
Accelerated Sumiya restructuring, early application of lowest cost
accounting for MPD inventory, stock write-offs lead to amended full-year
consolidated results forecast: ordinary income 14 billion yen, net income
2.6 billion yen

Feb 14, 2008 (Tokyo, Japan) Culture Convenience Club Co., Ltd. (“CCC”), has reported its consolidated operating results for its third quarter ended Dec. 31, 2007 as follows. Favorable conditions for TSUTAYA business operations and income rising for T Point business operations provided steady growth, and net sales of 177.1 billion yen (up 18.4% over the same period of prior year) delivered record ordinary income of 11.6 billion yen (up 11.5%). Net income fell to 4.5 billion yen (down 35% from the same period of prior year), however, as a consequence of disposal losses associated with POS system re-installations.