Ordinary income 15.1 billion yen (up 2.2% over the prior year)
Forecast for consolidated results for the year ending March 31, 2009: ordinary income 16 billion yen, net income 8 billion yen

May 14, 2008 (Tokyo, Japan) Culture Convenience Club Co., Ltd. (“CCC”), has reported its consolidated operating results for the full year ended March 31, 2008 as follows. Despite a reserve for accrued receivables in the credit card business operations, revenues tracked firmly, generating net sales of 237.7 billion yen (up 12.9% over the prior year) that delivered record ordinary income of 15.1 billion yen (up 2.2%). Net income fell to 2.9 billion yen (down 59.7%) as a consequence of goodwill write-downs associated with group company corporate revamping, but outperformed the revised figure announced on February 14.