Culture Convenience Club Co.,Ltd.

Korean TV drama DVD rentals exceeds Hollywood and Japanese films.

Fri, 05 Aug 2011 10:00:00 +0900

-DVD Rentals frequency in TSUTAYA on July is 12.51 million rentals which most in the past. -

August 5, 2011 (Tokyo, Japan) - Operator of Japan's largest shared DVD,CD and Book Store,TSUTAYA , Culture Convenience Club Co., Ltd. (President & CEO: Muneaki Masuda, "CCC"), headquartered in Shibuya-ku, Tokyo, announced that the number of Korean TV drama rental frequency in TSUTAYA on July ,2011 is 12.51 million rentals which most in the past. It shows that the DVD rental frequency of 　Korean TV drama exceeded the rental frequency of DVD of Hollywood and Japanese films.

Korean TV drama DVD rental is gained widespread popularity among women. Recently, young women funs are emerging compare with last year. "Sung Kyunkwan scandal" and "He's Beautiful" are two popular Korean TV drama titles.

We have started to give away "Love Korean Book" as free gift for the customers who rental Korean DVDs or Korean Music(K-POP) CDs from 5 Aug,2011.TSUTAYA will keep developing private product, and producing more original items to entertain its funs.

"Love Korean Book"

Culture Convenience Club, Co., Ltd.
■ Representative:   Muneaki Masuda, CEO & President
■ Headquarters:   6F, Ebisu I-Mark Gate, 3-5-7 Ebisu-minami, Shibuya-ku, Tokyo
■ Established:    September 20, 1985
■ Main Businesses:  Planning company that recommends lifestyles to consumers
    through platforms, including TSUTAYA, TSUTAYA online,
    and T Card.
■ Capital:   12,926 million yen (as of March 31, 2011)
■ Employees:   2,108 (as of March 31, 2011)
■ TSUTAYA shops:   1,413(as of June 30, 2011)
■ T Membership:   37.57 million (as of June 30, 2011)
■ T Point Alliance Partners:  70 companies (as of June 30, 2011)
■ T Point Usage Locations:  35,000 outlets (as of June 30, 2011)

T Point Loyalty Program Starts for Korean Visitors to Japan

Mon, 01 Aug 2011 16:46:25 +0900

～Japan-Korea loyalty point exchange service: T Points to OK cashbag points～

August 1, 2011 (Tokyo, Japan) - Operator of Japan's largest shared loyalty program T Point (see note 1*), Culture Convenience Club Co., Ltd. (President & CEO: Muneaki Masuda, "CCC"), headquartered in Shibuya-ku, Tokyo, announced the second phase to its loyalty point exchange service with Korea's largest shared loyalty program OK cashbag operated by SK Marketing & Company Co., Ltd., (CEO: Bang-Hyung Lee, "SKM&C"), headquartered in Seoul, Korea and a subsidiary of Korea's SK Group, with the launch today of T Point services to Korean visitors.

The service of this second phase targets Koreans travelling to Japan for pleasure or business. Individuals who obtain dedicated Korean T Cards distributed at airports in Korea can accumulate T Points according to their purchase amounts at TSUTAYA, FamilyMart, Gusto, Doutor Coffee Shop, Lotteria, and other participating retail locations in Japan upon presentation of their T Card at the point of purchase. Accumulated T Points can be exchanged to OK cashbag Points via the OK cashbag website (http://www.okcashbag.com/) upon returning to Korea with the entry of necessary information (see note 2*). Starting today, Shinhan Bank foreign exchange booths located within Incheon International Airport and Gimpo International Airport in Seoul, and at Gimhae International Airport in Pusan are distributing the dedicated T Cards for Korean travelers. Distribution locations are expected to increase successively in the future.

CCC and SKM&C launched services for Japanese visitors on May 30, and OK cashbag utilization by Japanese within Korea is increasing successfully. By launching T Point accumulation benefits to Korean visitors, CCC looks forward to a resurgence of Korean visitors to Japan, and an increased patronage of participating T Point retail locations by Koreans.

*1 CCC's shared loyalty program T Point began in October 2003. As of June 30, 2011, program membership has grown to 37.57 million individuals, over a quarter of the population in Japan. The loyalty alliance includes 70 partner companies who participate in T Point and whose combined outlets total approximately 35,000. Businesses closely related to home life, such as TSUTAYA, FamilyMart, ENEOS, Doutor Coffee Shop, Gusto, Kitamura Camera, and Yahoo! Shopping form this alliance for usage across a broad range of categories. *2 A fee of 10% is deducted from the T Points to be exchanged, and converted at the foreign exchange rate established by Shihan Bank in exchanging to OK cashbag Points.

Prepaid currency Cash Passport (MasterCard/UnionPay) Exclusively for international travel initiates T Point loyalty, T Points accumulate in over 210 nations: China, U.S., Europe

Mon, 01 Aug 2011 13:58:44 +0900

August 1, 2011 (Tokyo, Japan) - Card Services Japan K.K. (Kensuke Sakane, Country Manager Japan), a group company of MasterCard Worldwide headquartered in Shibuya-ku, Tokyo, and Culture Convenience Club Co., Ltd. (President & CEO: Muneaki Masuda, "CCC"), operator of Japan's largest T Point shared loyalty program headquartered in Shibuya-ku, Tokyo (see note 1*), announced the participation starting today, of the prepaid currency Cash Passport exclusively for international travel operated by Card Services Japan, in the T Point loyalty program operated by CCC.

Cash Passport is a prepaid currency card exclusively for international travel without age restrictions or credit checks. Deposits made to Cash Passport in Japan prior to travel overseas enable withdrawals in local currency at MasterCard ATMs located in over 210 countries around the world and at 1.2 million Unionpay ATMs, including those located in China. In addition, participating MasterCard and Unionpay merchants can accept the Cash Passport like a debit card.

For ATM withdrawals of local currency and payments at participating merchants, Cash Passport usage awards T Points according to the amount of transaction. By applying with a special application form available at a special website or at travel agencies, T Point loyalty customers can receive their Cash Passport that can accumulate T Points in over 210 countries around the world, including China, the U.S., and Europe.

Targeting the 16.64 million individuals who travel overseas annually (see note *3) and the 37.97 million T members, Card Services Japan and CCC aim to issue 120,000 Cash Passport cards annually through this collaborative effort. The service provides a more convenient and secure service than exchanging or settling with cash at the destination of international travel for pleasure, business, or education, and simultaneously creates a system for accumulating T Points for lifestyle purchases overseas.

T Point Loyalty Program Overview for Cash Passport
• Service Launch
Aug 1, 2011 (Mon.)
• Applicable Cash Passport types
(1) Japanese yen-based MasterCard Cash Passport
(2) Japanese yen-based Unionpay Cash Passport
• Services offered
(1) Withdrawal in local currency at MasterCard and Unionpay ATMs of international destination
(2) Purchasing at participating MasterCard and Unionpay merchants of international destination
*Usage within Japan is not permitted.
• T Point awarding rate
1 point for every 200 yen (tax included)
• Applications for Cash Passport
(1) Cash Passport Website
*Special website URL:http://www.jpcashpassport.jp/cpp/ccc.html
(2) In person at travel agency (starting successively in mid-August)
*Special application form is required.
• Deposits to Cash Passport
Transfer to special account of Card Services Japan
*A fee of 1% of the deposited amount is charged.
• Exchange rate and fee
4% after applying the exchange rate established by MasterCard International Incorporated or China UnionPay Co., Limited, on the date of withdrawal or transaction
• Limit for deposit or balance
1 million yen

*1 CCC's shared loyalty program T Point began in October 2003. As of June 30, 2011, program membership has grown to 37.57 million individuals, over a quarter of the population in Japan. The loyalty alliance includes 70 partner companies who participate in T Point and whose combined outlets total approximately 35,000. Businesses closely related to home life, such as TSUTAYA, FamilyMart, ENEOS, Doutor Coffee Shop, Gusto, Kitamura Camera, Kinki Nihon Tourist, and Yahoo! Shopping form this alliance for usage across a broad range of categories.
*2 The Cash Passport cards are issued by Travelex Japan K.K. under the Cash Settlement Law.
*3 According to Number of Japanese Departing Japan in 2010, Immigration Bureau of Japan, Ministry of Justice

Loyalty Program Exchange Service Launches between Japan and Korea　／　T Points for OKcashbag points earned at 43,000 stores in KoreaLoyalty

Mon, 30 May 2011 18:28:11 +0900

～Earn at duty-free, dept. stores, restaurants, cafes in Korea, Exchange to T Points back in Japan ～

May 30, 2011 (Tokyo, Japan) - Culture Convenience Club Co., Ltd. (President & CEO: Muneaki Masuda, "CCC"), headquartered in Shibuya-ku, Tokyo, announced the launch of a loyalty point exchange service today between T Points and OKcashbag Points from the largest shared loyalty program in Korea operated by SK Marketing & Company Co., Ltd., (CEO: Bang-Hyung Lee, "SKM&C"), headquartered in Seoul, Korea and a subsidiary of Korea's SK Group.

As the first phase, CCC and SKM&C start providing the loyalty point exchange service for Japanese visitors to Korea. In order to provide loyalty services to Japanese visitors, SKM&C will distribute special OKcashbag cards made for T Point exchange in Japan and Korea, respectively. Distribution points for these OKcashbag cards start with TSUTAYA stores at Narita, Kansai, and Chubu International Airports, and Telecom Square (in-airport mobile phone rental) stores located at Narita and Haneda International Airports in Japan; and Shinhan Bank branches located at Gimhae International Airport and Incheon International Airport, and Korea Tourism Organization offices and a Walkerhill outlet in Seoul within Korea. Plans call for expanding distribution points further.

Under the OKcashbag loyalty point program, OKcashbag points are awarded in proportion to the amount of purchase when the OKcashbag card is presented at cashiers of 43,000 partner store locations, including The Shiila Duty Free, Shinsegae department store, FamilyMart, and Korean restaurants throughout Korea where the OKcashbag logo is displayed. The OKcashbag points accumulated within Korea can be exchanged to T points on the exchange page furnished at T Site (http://tsite.jp/ok) after returning to Japan. As the second phase of the loyalty point exchange service, the launch of the T Point exchange service for Korean visitors to Japan is planned for this summer.

Taking this launch opportunity of the loyalty point exchange service between Japan and Korea, CCC will work in a tie-up with the Korea Tourism Organization, which is spurring the promotion of the Korean tourism industry, in order to implement various programs that publicize the appeal of Korea to T Point members, and to improve awareness of OKcashbag points within Japan and of T Points within Korea.

Overview of Loyalty Point Exchange Service between OKcashbag and T Point

■Service Start Date

　Monday, May 30, 2011

■Service Description

　OKcashbag points between 0.1% and 4% of the purchase amount can be earned when customers shop at OKcashbag partner locations within Korea by presenting the special OKcashbag cards made for the T Point exchange program. The accumulated points can be exchanged with T Points by accessing the online T Site (http://tsite.jp/ok) after returning to Japan, and completing registration of OKcashbag membership with the required information (free registration in Japanese).
Notes: 1) T Login ID (T-ID) is required for exchanging points (free registration). 2) The exchange procedure cannot be performed from the mobile site. 3) Exchanging to T points is subject to a handling fee of 10% deducted from OKcashbag points that are to be exchanged. 4) The amount of T points that can be earned fluctuates with the foreign exchange rate. 5) In some cases, it takes about one month to be able to exchange OKcashbag points accumulated in Korea.

■Distribution Points for OKcashibag Cards

In Japan
• 10 TSUTAYA (TSUTAYA Narita Airport Terminal 1, TSUTAYA Kansai Airport, TSUTAYA Imagine Chubu International Airport, TSUTAYA Imagine Chubu International Airport at Gate, TSUTAYA Tokyo Roppongi, Shibuya TSUTAYA, TSUTAYA Ebisubashi, TSUTAYA Fukuoka Tenjin, TSUTAYA Sapporo-dori, TSUTAYA Nagoya Sakae)
• 5 Telecom Square shops (Narita Airport, Haneda Airport)

In Korea
• 7 Shihan Bank branches
• 2 Korea Tourism Organization offices
• 1 Walkerhill store
Refer to http://tsite.jp/r/cpn/ok/card.html for the details of distribution locations.

■Award Rate of OKcashbag Points

The awarded rate of OKcashbag points varies, depending on the partner store.
Note: OKcashbag points accumulated on special OKcashbag cards made for T Point exchange cannot be redeemed within Korea.

■Partner Store Locations of OKcashbag Points

Shopping: Walkerhill Duty Free, The Shilla Duty Free,Shinsegae Department Store, E-Mart, Aritaum, etc.
Food and Dining:FamilyMart, Burger King, T.G.I. Friday's, Hollys Coffee, Sizzler, Kentucky Fried Chicken, Paris Baguette, Crown Bakery, Bennigan's (Grill & Pasta), Seven Monkey Coffee, Korean restaurants, etc.
Total of 43,000 locations, including other retailers.
Notes: 1) Some products, services, and store locations are not participating in awarding of points. 2) The OKcashbag logo is displayed at OKcashbag loyalty program partner stores.

Announcement of Amendment to "Announcement of Implementation of MBO and Opinion concerning Tender Offer for Company Shares, etc."

Fri, 04 Mar 2011 09:53:20 +0900

Culture Convenience Club Co., Ltd. (the "Company") hereby announces an amendment to its press release of February 3, 2011 titled "Announcement of Implementation of MBO and Opinion Concerning Tender Offer for Company Shares,etc."

The Company also announces that, with respect to the substance of the amendment, it filed, as of March 2, 2011, an amendment to the Opinion Report with the Kanto Local Finance Bureau pursuant to Article 27-8, Paragraph 2 of the Financial Instrument and Exchange Act (Act No. 25 of 1948, as amended from time to time) as applied mutatis mutandis pursuant to Article 27-10, Paragraph 8 of the same Act.

As hereby attached, an amendment is also made as of March 2, 2011 to the Tender Offeror's press release of February 3,2011 titled "Notice of Commencement of Tender Offer Bid for Shares of Culture Convenience Club Co., Ltd." in a similar way.

*Details are described to attached PDF file.

Announcement of Implementation of MBO and Opinion concerning Tender Offer for Company Shares, etc.

Thu, 03 Feb 2011 11:12:19 +0900

Culture Convenience Club Co., Ltd. (the "Company") hereby announces that with respect to the tender offer by M&M Holdings Co., Ltd. ("Tender Offeror") for the Company common shares and share warrants (the "TOB"), which will be implemented as part of a management buyout (MBO*1), the Company resolved, at a Board of Directors meeting of the Company held on February 3, 2011, and upon unanimous approval of the directors participating in the meeting, that (i) the Company would approve the TOB and (ii) with respect to whether or not the shareholders should tender their shares in the TOB, the Company would not actively recommend that the shareholders tender their shares or discourage them from tendering their shares but was of the opinion that the best measure was to adopt a neutral stance and leave the decision up to the shareholders, as follows.

Please note that the resolution was adopted on the assumption (a) that Tender Offeror intends to make the Company an unlisted company through the TOB and a series of subsequent procedures, and (b) that the Company common shares will be delisted from the Tokyo Stock Exchange.

*1 A management buyout (MBO) generally means a transaction in which all or part of the management of the target company, in collaboration with financial investor(s), purchases the shares of the target company on the premise that the target company will continue the previous business of the target company.

*Details are described to attached PDF file.

Culture Convenience Club and Sharp to Enter into Definitive Agreement regarding Establishment of Joint Venture for E-Entertainment Content Service Business

Fri, 19 Nov 2010 15:30:00 +0900

Culture Convenience Club Co., Ltd. (hereinafter "CCC") and Sharp Corporation (hereinafter "Sharp") announced today that they have signed an agreement to establish a joint venture company for an e-entertainment content service business. The joint venture company will manage content service offering newspaper, magazine, video and audio content, for Sharp's "GALAPAGOS" tablet terminal and Sharp smart phones*1.

1. Joint Venture Company Overview

・Company Name：TSUTAYA GALAPAGOS Co., Ltd.
・Location：Shibuya-ku, Tokyo, Japan
・Representative：Rie Nakamura, Representative Director, President
・Principal Business：Management of "TSUTAYA GALAPAGOS"Delivery and sales of e-content, Advertisement service
・Capital：100 million yen
・Establishment Date：December 1, 2010
・End of Fiscal Year：March
・Net Assets：200 million yen
・Total Assets：200 million yen
・Shareholding Ratio：CCC: 51%, Sharp: 49%

2. Schedule
・November 19, 2010：Signature of agreement for the establishment of the joint venture
・December 1, 2010：Establishment of the joint venture company
・December 2010 (plan)：Start of e-entertainment content service business including newspaper and magazine content

*1 Sharp's smart phone supporting this service is planned to be released in the spring of 2011.

CCC Group consolidated second quarter results for the year ending March 31, 2010

Mon, 08 Nov 2010 20:24:11 +0900

Basic Accord Reached for Loyalty Program Tie-Up with Korea's SK Group

Mon, 08 Nov 2010 10:40:58 +0900

～Alliance with OK Cashbag, Korea's largest loyalty program in use by two out of three consumers～

November 8, 2010 (Tokyo, Japan) - Culture Convenience Club Co., Ltd. (President & CEO: Muneaki Masuda, "CCC"), headquartered in Shibuya-ku, Tokyo, announced the execution of a basic accord with SK Marketing & Company Co., Ltd., (CEO: Bang-Hyung Lee, "SKM&C"), headquartered in Seoul, Korea, as a subsidiary of Korea's SK Group regarding a tie-up between loyalty programs.

1. Key Details of Basic Accord
The loyalty market in Japan is estimated to have attained a gross figure of 892 billion yen for loyalty points and miles issued in 2008, and of more than 1 trillion yen in 2009.1 In 2009 Korea's OK Cashbag built a loyalty market of annual gross issuance valued at about 300 billion won in Korea. Amidst these market backdrops, CCC and SKM&C will provide a service alignment for exchanging loyalty points between Japan's largest shared loyalty program T Point operated by CCC and used by 36.08 million people, 28.3% of the total population in Japan, and Korea's largest shared loyalty program OK Cashbag operated by SKM&C and used by 34 million people, 67.9% of the total population in the Republic of Korea. Looking ahead, both companies intend to study co-operative business in other areas.

2. Benefits of Loyalty Service Alignment
With the rise in popularity of Korean entertainment in Japan also being an influencing factor, the number of Japanese tourists to Korea increased to 3.05 million in 2009, a 28.4% increase compared to the previous year.2 With the recovery in the economic climate and the advertising effect of tourism to Japan in Korea, the number of Korean tourists to Japan has recorded a cumulative total of 1.84 million people between January and September 2010, a 60.9% increase compared to the same period last year. Sightseeing and travel interchange between Japan and Korea are on an expansion trend.2 Under the current basic accord, CCC will offer an environment where T Points can be accumulated indirectly across lifestyle scenes abroad, the first loyalty program in Japan to do so. CCC will further aim at the expansion of loyalty point distribution volume among both Japanese and Korean consumers who show keen interest in loyalty points and mileage. In addition, CCC will pursue the development of its loyalty program to other countries in the future.

3. Schedule
CCC and SKM&C will continue discussions of the business alliance in order to start service in the beginning of 2011.

Notes:
1. Study by Nomura Research Institute, April 2010
2. Research by Japan National Tourism Organization (JNTO)

Sharp to Collaborate with Culture Convenience Club on the Establishment of E-Entertainment Content Store "TSUTAYA GALAPAGOS" for the E-book Reader "GALAPAGOS"

Tue, 05 Oct 2010 09:00:00 +0900

Sharp Corporation (hereinafter "Sharp") and Culture Convenience Club Co., Ltd. (hereinafter "CCC") announced today that they have signed a basic agreement to collaborate on content service business, including the establishment of a joint venture company for the E-store offering entertainment content. The two companies will start the E-store "TSUTAYA GALAPAGOS" (hereinafter "E-store") for the e-book reader "GALAPAGOS" from this December.

The E-store will start by providing e-book content, including newspapers, magazines and comic books, with the industry-leading book sales expertise of TSUTAYA bookstores franchised by CCC, and plans to expand the number of entertainment contents to video, audio and game software in the future. The E-store aims to provide the largest number of e-contents available in Japan.

Furthermore, the E-store will offer a multi-entertainment service integrating multiple contents, using Sharp's "GALAPAGOS" e-book readers and service platform technology. The user can enjoy two contents simultaneously. While reading the sports magazines, the related video content can be searched and viewed from the E-store. The E-store will offer E-store members "T-point service", and "T-login ID", both managed and operated by CCC.

The two companies plan to initiate the E-store service providing e-books (planned to start in December 2010), while expanding the content, to start the entertainment content service, including video and audio content, from next spring.

E-store Overview

E-store	TSUTAYA GALAPAGOS
Start of the Service	December 2010 (plan)
Content Lineup	E-book content: Approx. 30,000 contents The entertainment content lineup, including video and audio to be available from Spring 2011 (plan)
Operation of Service	Joint venture company established by Sharp and CCC

Joint Venture Company Overview

Company Name	TBD
Establishment Date	November 2010 (plan)
Principal Business	Management of "TSUTAYA GALAPAGOS" Delivery and sales of e-content Advertisement service
Capital	TBD
Shareholding Ratio	Sharp: 49%, CCC: 51%

Culture Convenience Club Co.,Ltd.

Korean TV drama DVD rentals exceeds Hollywood and Japanese films.

T Point Loyalty Program Starts for Korean Visitors to Japan

Prepaid currency Cash Passport (MasterCard/UnionPay) Exclusively for international travel initiates T Point loyalty, T Points accumulate in over 210 nations: China, U.S., Europe

Loyalty Program Exchange Service Launches between Japan and Korea　／　T Points for OKcashbag points earned at 43,000 stores in KoreaLoyalty

Announcement of Amendment to "Announcement of Implementation of MBO and Opinion concerning Tender Offer for Company Shares, etc."

Announcement of Implementation of MBO and Opinion concerning Tender Offer for Company Shares, etc.

Culture Convenience Club and Sharp to Enter into Definitive Agreement regarding Establishment of Joint Venture for E-Entertainment Content Service Business

CCC Group consolidated second quarter results for the year ending March 31, 2010

Basic Accord Reached for Loyalty Program Tie-Up with Korea's SK Group

Sharp to Collaborate with Culture Convenience Club on the Establishment of E-Entertainment Content Store "TSUTAYA GALAPAGOS" for the E-book Reader "GALAPAGOS"

IR Monthly Report / August 2010，Update

CCC Group consolidated first quarter results for the year ending March 31, 2011

IR Monthly Report / July2010，Update

IR Monthly Report / June2010，Update

IR Monthly Report / May2010，Update

Culture Convenience Club Co.,Ltd.

Korean TV drama DVD rentals exceeds Hollywood and Japanese films.

T Point Loyalty Program Starts for Korean Visitors to Japan

Prepaid currency Cash Passport (MasterCard/UnionPay) Exclusively for international travel initiates T Point loyalty, T Points accumulate in over 210 nations: China, U.S., Europe

Loyalty Program Exchange Service Launches between Japan and Korea ／ T Points for OKcashbag points earned at 43,000 stores in KoreaLoyalty

Announcement of Amendment to "Announcement of Implementation of MBO and Opinion concerning Tender Offer for Company Shares, etc."

Announcement of Implementation of MBO and Opinion concerning Tender Offer for Company Shares, etc.

Culture Convenience Club and Sharp to Enter into Definitive Agreement regarding Establishment of Joint Venture for E-Entertainment Content Service Business

CCC Group consolidated second quarter results for the year ending March 31, 2010

Basic Accord Reached for Loyalty Program Tie-Up with Korea's SK Group

Sharp to Collaborate with Culture Convenience Club on the Establishment of E-Entertainment Content Store "TSUTAYA GALAPAGOS" for the E-book Reader "GALAPAGOS"

IR Monthly Report / August 2010，Update

CCC Group consolidated first quarter results for the year ending March 31, 2011

IR Monthly Report / July2010，Update

IR Monthly Report / June2010，Update

IR Monthly Report / May2010，Update

Loyalty Program Exchange Service Launches between Japan and Korea　／　T Points for OKcashbag points earned at 43,000 stores in KoreaLoyalty