FELISSIMO CORPORATION

FELISSIMO CORPORATION is a corporate group engaged in a mail-order business focused on apparel, apparel accessories and lifestyle-related products, and operates as a single segment. During the interim period, net sales were ¥14,147 million (down 0.8% year on year), gross profit was ¥7,896 million (up 0.8%), operating income was ¥122 million (down 39.4%), ordinary income was ¥262 million (up 6.1%), and interim net income attributable to owners of the parent was ¥231 million (up 7.0%). Interim comprehensive income was ¥167 million, compared with a ¥7 million loss in the same period of the previous year. Cash and cash equivalents at the end of the interim period were ¥7,889 million. The equity ratio was 72.1%. Net sales declined approximately 0.8% year on year, compared with the year-on-year change in the previous fiscal year. The principal product structure is centered on the subscription delivery business, with the fundamental strengthening of that business and the creation of next-generation businesses being pursued as the two pillars of growth. New business areas, including FELISSIMO PARTNERS, generated sales of ¥1,963 million (up 12.7% year on year). Cash flows were ¥358 million used in operating activities, ¥859 million used in investing activities and ¥145 million used in financing activities, leaving cash and cash equivalents at ¥7,889 million at the end of the period.