CCC Group consolidated interim results for the year ending March 31, 2008
November 14, 2007
Ordinary income 7 billion yen (Outperforms initial forecast by 14%)
Ordinary income rises 18% over second quarter of prior year
November 14, 2007 (Tokyo, Japan) Culture Convenience Club Co., Ltd. (“CCC”), reported its interim consolidated operating results for the year ending Mar. 31, 2008. With favorable conditions for TSUTAYA business operations and by holding down system costs through IT efficiencies, both net sales of 115.9 billion yen (1.7% above plan) and ordinary income of 7 billion yen (14.3% over plan) outperformed the interim targets announced on May 15. Net income of 2.5 billion yen (26% below plan) fell below the interim target as a consequence of a write-down of marketable investment securities held and closures starting for unprofitable stores of Sumiya Co., Ltd.
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