CCC Group Announces Consolidated Interim Results for FY2006
November 21, 2006
Ordinary income 7.2 billion yen
(Prior Year Comp up 8%)
Net Income 4.9 billion yen (prior year comp up 49%)
November 21, 2006 (Tokyo, Japan) Culture Convenience Club Co., Ltd. (“CCC”, President: Muneaki Masuda), has reported its consolidated operating results for the interim period of the year ending Mar. 31, 2007 as follows: Net sales were 92,557 million yen (7.9% down compared to the period for the prior year), affected by the transfer of 51% ownership in Nihon Soft Service Co., Ltd., to Nippon Shuppan Hanbai, Inc., at the end of March 2006; however, ordinary income improved to 7,203 million yen (up 8.6% over the prior year) and net income increased markedly to 4,891 million yen (up 49.2% over the prior year). Seeing these results, the Company has approved a dividend increase for the second half of the fiscal year from 2.5 yen to 3.5 yen per share (6.0 yen per share for annual dividend).
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