Ordinary income 3.5 billion yen
(Up 39.7% over first quarter of prior year)
Net income 1.9 billion yen (up 37.6% over prior year Q1)
TSUTAYA and Card Operation Businesses tracking successfully

August 12, 2008 (Tokyo, Japan) Culture Convenience Club Co., Ltd. (“CCC”), has reported its consolidated operating results for the first quarter of the year ending March 31, 2009 as follows. Greater system-wide retail revenues generated as a result of TSUTAYA stores opening at a faster pace, membership growth in the Card Operation Business, and the rise of associated sales for loyalty point programs successfully delivered ordinary income of 3.5 billion yen (up 39.7% over first quarter in prior year) and net income of 1.9 billion yen (up 37.6%) on net sales of 56.6 billion yen (up 3.0%). Taking account of this successful first quarter, the forecast for cumulative second-quarter net income has been revised upward from 3.0 to 3.5 billion yen (increase by 0.5 billion yen).