DON QUIJOTE - donki-hd.co.jp · Don Quijote Co., Ltd. is the pioneer of the night market in city...

DON QUIJOTE CO., LTD.

A N N U A L R E P O R T

2000

DON QUIJOTEDON QUIJOTEDON QUIJOTEDON QUIJOTEDON QUIJOTEDON QUIJOTE

W h a t m a k e s t h e n i g h t m a r k e t s o a t t r a c t i v e ?

Don Quijote Co., Ltd. is the pioneer of the night market in

city area. Since our first store in Fuchu-city, Tokyo in 1989,

we have opened a total of 29 stores in Tokyo and Kanto

area. Now we are making thorough preparations for more

stores to satisfy customer needs.

Japan’s uniquely low crime late in the city area is the

background of the establishment of the night market. In

addition to this, a large percentage of working women and

the young population working under flexible working hours

form a new type of consumer group.

City dweller’s active city life operates 24 hours a day. Don

Quijote has expanded its business by taking their needs.

Don Quijote gained a high evaluation of the market, and

we could list the shares as the first stock on NASDAQ

(National Association of Securities Dealers Automated

Quotation) JAPAN which started stock exchange in Japan

on June 19, 2000. Also, we have been listed on the First

Division of the Tokyo Stock Exchange on July 3. It attracts

attention of the stock exchange market as Don Quijote is

the first company which could list the shares both on

NASDAQ JAPAN and the First Section of the Tokyo Stock

Exchange.

Profile

Financial Highlights

Highlight of the Year

To Our Shareholders

New Stores

Key Figures

Five-Year Summary

Financial Review

Consolidated Balance Sheets

C o n t e n t s

1 Don Quijote Annual Report 2000

1

2

3

5

9

10

11

12

13

P r o f i l e

Consolidated Statements of Income

Consolidated Statements of Shareholders’ Equity

Consolidated Statements of Cash Flows

Notes to Consolidated Financial Statements

Report of Independent Public Accountants

Board of Directors and Corporate Auditors /Corporate Data / Net Work

Shareholders Information

15

16

17

18

24

25

26

For the Year:

Net Sales

Operating Income

Income before Income Taxes

Net Income

At Year-end:

Total Assets

Shareholders’ Equity

Per Share Data (Yen and U.S. Dollars) :

Net Income per Share

Cash Dividends per Share

¥ 73,402,102

4,639,485

5,874,791

2,829,465

34,228,974

18,561,177

¥ 283.51

5.00

$ 695,755

43,976

55,685

26,820

324,445

175,935

$ 2.69

0.05

0

15,000

30,000

60,000

45,000

96.6 97.6 98.6 99.6

11,373

15,954

25,515

46,522

00.6

73,402(millions of yen)

Net Sales(millions of yen)

Operating Income / Net Income

Operating Income

Net Income

0

1,000

0

2,000

3,000

4,000

96.6 97.6 98.6 99.6

290517

402

776 710

1,283

3,142

00.6

4,639

1,675

2,829

Return on Equity

Total Shareholders’ Equity

(millions of yen) (%)

Total Shareholders’ Equity / Return on Equity

10,000

5,000

0 0

10

20

3015,000

96.6 97.6 98.6 99.6

694

15,578

19.35

00.6

18,561

3,468

13.52

14.8116.58

7,041

Return on Assets

Total Assets

(%)

Total Assets / Return on Assets(millions of yen)

10,000

0 0

10

20

30

20,000

30,000

96.6 97.6 98.6 99.6

3,7835,883

11,174

15.69

22,938

14.68

18.12

00.6

34,228

17.40

Thousands of yen

Years ended June 30, 2000 and 1999

Note: U.S. dollar figures are calculated on an exchange rate of ¥ 105.5=$ 1, the prevailing rate as of June 30, 2000.

Don Quijote Annual Report 2000 2

Financial Highlights(Don Quijote and consolidated subsidiary)

Thousands of U.S. Dollars

2000 1999 2000

¥ 46,522,042

3,142,771

3,628,759

1,675,347

22,938,805

15,578,907

¥ 351.78

5.00

MAINTAINED HIGH GROWTH RATEWe achieved increasing both profit and revenue continuously

for 11 accounting periods. We achieved sales of ¥73,402

million, increased by 57.8% over last term. And net income

was ¥2,829 million, increased by 68.9% over last term. ROE

was 16.5% and EVA was ¥1,860 million. (All figures are on

consolidated accounts basis.)

Highlightof theYear


ACHIEVED BRILLIANT SUCCESS INOPENING STORESWe newly opened 8 stores in this term. About 23.5 million people, which is

71% of the whole population of Tokyo, Chiba, Kanagawa and Saitama, visited

our total of 27 stores. (13.7 million as of the end of the previous term)

STABILIZED URBAN STORE MANAGEMENTKNOW-HOW BY RUNNING SHIBUYA STOREWe opened Shibuya store as our “urban power center”. The management style

is greatly different from the one for suburban stores. The business results in the

highly competitive business area will accelerate our plan to open stores in city

areas.

NEW MID-TERM MANAGEMENTPLAN “2 ✕ 4 PLAN”We plan to achieve the sales of ¥200,000 million and ROE

20.0% by the term of June 2004. We also aim the ordinary

profit of ¥20,000 million and newly open 20 stores. (2 ✕ 4

PLAN)

INTRODUCED MEMBERSHIPCARD, “DONKI MIRACLE CARD”Customers get one point for a purchase of ¥100, and various

kinds of service are rendered depending on the accumulated

points. It helps to make regular customers and improves

customer satisfaction.

BUDGETED THE ENVIRONMENTALUPKEEP COST AND PROMOTESOCIAL CONTRIBUTION ACTIVITIESTo cooperate with the local community, 5% of our ordinary

profit is allocated as the cost for environmental upkeep cost. As

part of the environmental policies, cleaning unit “Clean Crew”

cleans regularly the wide area around the store.

LISTED ON NASDAQ JAPAN ANDTOKYO STOCK EXCHANGEWe listed our shares on NASDAQ JAPAN and also on the First

Division of the Tokyo Stock Exchange to stabilize the

connection with stock holders and investors more than ever. It

increased the social recognition of the company.

June 1999-August 2000

LAUNCHED THE AMUSEMENTWEB SITE “LA MANCHA ISLANDS”We opened the amusement web site called “La Mancha Islands”

where you can play a new type of internet role playing game

“BARATARIO”. You can also enjoy “Mystery of BARATARIO”

in the i-mode version of which story is connected with

“BARATARIO”. We deliver the shop information, events and

hot items in the story to encourage players to visit our stores.



In last 4 years Don Quijote, the pioneer of the night market,

has achieved its sales increase by 545.4% and net profit by

874.0% both on consolidated basis for last 4 years. In this

term about 23.5 million people, it is about 71% of the

whole population of Tokyo, Kanagawa, Chiba and Saitama,

visited our stores. (It was 13.7 million in the last term).

Meanwhile we received complaints from neighborhood

about the noise caused by opening stores late at night and

we needed to take measures to solve the problem. We

learned greatly from those experiences.

Since then, we have strong sense of mission as an

enterprise which positively promote environmental

policies. Not only by doing daily volunteer work, we build

trust and connections with the local community by

communication and cooperation.

Also we decided to allocate 5% of ordinary profit to the

environmental upkeep cost to take the most appropriate

measures to promote social contribution activities.

Cooperation with the local community forms the basis of

Don Quijote. We believe it is the social responsibilities an

enterprise should take. Our company was founded upon

cooperation with its neighboring community, and we intend

to continue taking this corporate social responsibility which

should be exercised by all companies. Despite of the

negative current of severe competition and lowered

consumer spending, in order for us to maintain company

growth we intend to strive for further corporate effort by

concentrating on sound management of corporate

resources.

president

Takao Yasuda

To Our Shareholders


Tell us about the business in this term and DREAM PLAN 21.

A1The consolidated net sales in this term are ¥73,402 million, increase

by 57.8% over last term. Consolidated net income was ¥2,829

million, increase by 68.9% over last term. And ROE was 16.5%,

then EVA was ¥1,860 million. DREAM PLAN 21 means Don

Quijote Revolution to Advanced Management Plan 21. The three

Questions and Answers

Q1

important points of this plan are to probe deeply into the potentiality

of the night market, to transfer more management power to employees

for company growth, and to structure the store management system to

grasp customer needs quickly. Moreover, we develop our store

management know-how from customers’ point of view to make stores

loved by customers. It is also

very important to structure a

system to support it. The success

in this term was resulted from

reinforcement of internal control

system and new management

information system, which is the

outcome of the DREAM PLAN

21.

DREAM PLAN 21

Lucrative market

High return multi-storedevelopment

Expanding Corporate Value

Growth into a company which sells100 billion yen in the 21st century

Business managementsystem

DREAM PLAN 211. Advancing authority assignment (enpowerment)2. Betterment of customer-first policy (customer value)3. Improvement in cycle response (speed)

Don Quijote Revolution to Advanced Management PLAN 21Adopt 21st century systems, and the evolution continues.

A2We could successfully list the shares on NASDAQ JAPAN as its

international and innovative nature matched our business policy. We

consider listing the shares requires providing information to

shareholders. Periodic reporting the quarterly accounting enhances

the clarity of operations. We also need to attain high company

recognition among foreign investors as stock markets globalize.

NASDAQ JAPAN is a new stock market, so we listed the shares

with taking a long view of its future. Listing our shares on the First

Section of the Tokyo Stock Exchange was a good opportunity to

show that Don Quijote is not just a new comer, any more but has the

status of leading company.

We would like to keep growing through the unique business scheme

and exercise the corporate social responsibility.

Tell us about the importance of listing shares on NASDAQ JAPAN and also on theFirst Section of the Tokyo Stock Exchange.Q2


A4“2✕4 PLAN” is the name for our new mid-term management plan,

for betterment of customer-first principles and improvement of

corporate value. It aims to achieve ¥200 billion of sales, 20.0% of

ROE, ¥20 billion of ordinary profit and new openings of 20 stores by

the term of June 2004.We will be able to build the greatest model in

retail business by realizing this plan.

What’s the new “2✕4 PLAN”?Q4

A3We used to open stores in the suburbs on the assumption that

customers drive to shop. But now we started opening stores in

downtown where is the forefront of the new culture and the sight of a

hard-fought battle in retail business. We were fully prepared to do so

to utilize our experience and know-how of running stores. There is a

wide range of customer needs in the areas around terminal stations. It

is a very effective way to differentiate our stores from others by our

wide range of products and its bargain price.

Shibuya Store opened as our first urban store in December 1999.

There are department stores, movie theaters and major bookstores in

the area, so multiplier effect of gathering customers can be expected.

Actually more and more customers visit our store since its opening.

Shinjuku Higashi-guchi Store opened as the second urban store in

November 2000. It’s located in the right heart of one of Japanese

largest cities. Our new computer system and POS cash registers

enabled the start of our year-round 24-hour operations.

The currents of deregulation in retail business also supported us

opening new stores. The Large-Scale Retail Stores Location Act,

Tell us about the meaning of opening stores in downtown Shibuya and ShinjukuHigashi-guchi. What's the plan for other new stores?Q3

which attaches greater importance to upkeep of local environment,

started to take effect in June 2000 instead of the old Large-Scale

Retail Store Act. However, we already had our own environmental

upkeep standard which was more demanding, so not only that it did

not affect our store opening plans, but also speeded up. Moreover it is

expected that financial institutions’ streamlining plan starts in earnest

from 2001, thereby providing more potential locations for new stores

in the inner city area.


A5According to “The Internet White Paper 99”(research done in

February and published on June 28, 1999 by Impress Co., Ltd.), there

are about 15.08 million internet users in Japan. It increased by 49.4%

compared with the last year’s 10.09 million. It shows that the

internet has been spreading rapidly among all levels of society.

Based on the circumstances, we started dealing with e-media by

selling computers and by opening the web-site called “La Mancha

Islands” in August 2000. You can enjoy exciting adventure game

“BARATARIO” on the site, and it can be accessed by i-mode since

October. The customer data obtained in consideration of providing

T o O u r S h a r e h o l d e r s

Tell us about Don Quijote's e-business plan.Q5

exciting games and bargain goods information timely is used for new

product/shop development and product lineup. In the field where we

can make the most of the characteristic of internet, we have positive

plan taking B to C into account, such as providing custom-made

goods and products difficult to keep in stores. In e-media business

there are always problems of payment and logistics, but we do not

have to invest great amount of money on the infrastructure and system

development as our stores and its opening hours are suitable for our e-

business plan.

Also on B to B, we started the 24 hour business negotiation system

called “Chokketsu-kun” in July 1999.

Thorough this epoch-making system,

vendors can directly promote products to us

at any time of the day.

customer

e-media business store

promotion

•create motivation to visit store•timely product lineup•effective marketing strategy

repeatingpurchase

advertisement

marketing support

•customer analysis•marketing•product development

gamesbargain goodsinformation

•customer’s personal information•customer’s purchase information


Shibuya StoreShibuya Store opened as the first store in the center of a city in

December 2000. It is located in a great business district, and

multiplier effect of gathering customers can be expected.

Also, the location diversified our customer group. Shibuya Store is

visited by young people, housewives with children, middle-aged

couple. Also many customers come from high-class residential area.

It contributes to take customer needs more precisely. Shibuya Store

was the great strategic move for our advance into the center of

Tokyo.

Kannana-Honancho StoreKannana-Honancho Store was opened near the Ohara intersection on

the Kannana highway in May 2000. As it is located in the center of

heavy traffic, the store has our largest parking lot for customers’

convenience. However, it is also next to a big residential area, so we

take measures for the environment upkeep of neighborhood. The

entrance is situated only on Kannana highway side to avoid noise and

light pollution at night.

The store has a sales space of 1,800 square meters. Through our

technique of compact display, we help customers discover the joy of

shopping by offering great variety of product.

Shinjuku Higashi-guchi StoreThe Shinjuku Higashi-guchi Store was opened on Shinjuku-Yasukuni

Street in November 2000. It is in the right center of a big city with

heavy pedestrian traffic, and a great impact of advertising sign can be

expected. This store marks the start of our year-round 24-hour

operations.

Also, the Shinjuku Higashi-guchi Store functions as the key store of

our store opening plan and financial strategy. The acquisition of the

store, originally conceived as a real estate acquisition, was treatable

as an off-book ground lease transaction. For that purpose, a Special

Purpose Corporation was established, with which a fixed-term ground

lease agreement was agreed. Through this method, we were able to

successfully acquire a valuable location with maintaining a high ROE

while avoiding the increase of assets.

New Stores


Others 3.1%

Home electricalappliances

23.5%

Miscellaneoushousehold goods

23.8%Foods

17.2%

Watches and Fashionmerchandise

22.8%

Sporting goods andLeisure goods

9.6%

Breakdown Sales by Products (Non-Consolidated / term of June 2000)

(Year ended June, 2000)

Net Sales per Employee

Net Sales per 1m2 of Stores

(thousands of yen)

Net Sales per Employee / Net Sales per 1m2 of Stores (Non-Consolidated)

20,000

10,000

0

30,000

40,000

50,000

96.6 97.6 98.6 99.6

42,78939,960 39,937

47,819

3,800 3,330 4,233 4,602

00.6

41,725

3,714

Number of Stores

20

10

0

30

40

50

60

90

98.6

10

2005.6(Prospect)

97.6

7

96.6

6

99.6

19

2000.6

27

100100

Key Figures

Consolidated ROE Ranking 1999

123456789

101112131415161718192021222324252627282930

ROE(%)66.431.225.622.921.721.620.419.418.518.418.318.117.917.617.116.816.716.615.815.815.415.415.314.814.814.714.614.514.514.4

Comparison(point)

11.919.60.3

11.020.74.13.97.12.20.33.86.24.72.0

–5.52.36.17.52.80.62.84.41.35.71.63.30.61.44.2

∗

∗

∗

∗

Sanrio Co.,Ltd.Konami Corp.Tomy Co.,Ltd.Fast Retailing Co.,Ltd.

Takasago Electric Industry Co.,Ltd.Joyfull Co.,Ltd.Mitsui Mining and Smelting Co.,Ltd.Nichiro Corp.Ryohin Keikaku Co.,Ltd.Meiwa Estate Co.Ltd.MKC.Stat Corp.Sumitomo Real Estate Sales Co.,Ltd.Sunkus & Associates Inc.Fujitsu Devices Inc.Paris Miki Inc.Mycal Hokkaido Corp.Nissin Kogyo Co.,Ltd.Hosiden Corp.Yamae Hisano Co.,Ltd.Misumi Corp.Union Tool Co.Fuji Heavy Industries Ltd.Nichii Gakkan Co.Don QuijoteBelluna Co.,Ltd.Nippon Television Network Corp.Foster Electric Co.,Ltd.Seven-Eleven Japan Co.,Ltd.Kojima Co.,Ltd.Torii Pharmaceutical Co.,Ltd.

means “minus”. – means comparative data is unavailable.

∗ data based on unconsolidated accounts.

(Nikkei Newspaper, August 10, 2000)

Nikkei Growth Ranking

12335677999

121212151515151515

Score9695949493929191909090898989888888888888

Hokuyaku Inc.Atol Co.,Ltd.Kyoden Co., Ltd.Asagami Corp.MKC.Stat Corp.Bosch Braking Systems Co., Ltd.Joint Corp.Maxvalu Chubu Co., Ltd.Macnica,Inc.Trans Cosmos Inc.Sumitomo Pipe & Tube Co.,Ltd.Takasago Electric Industry Co.,Ltd.Watami Food Servise Co.,Ltd.Z-Plus Co.,Ltd.Saizeriya Co.,Ltd.Tose Co.,Ltd.Goldcrest Co.,Ltd.Don QuijoteHino Motors,Ltd.Izuhakone Railway Co.,Ltd.

(Nikkei Newspaper, September 16, 2000)

Net Income to Net Sales

Net Income

(millions of yen) (%)

Net Income / Net Income to Net Sales

1,000

500

0 0

2

1

4

5

31,500

2,000

2,500

290

710

2.552.78

2,829

3.85

2.52

402

3.60

1,675

96.6 97.6 98.6 99.6 00.6

(millions of yen)

Net Sales

20,000

10,000

0

30,000

40,000

50,000

60,000

70,000

96.6 97.6 98.6 99.6

11,37315,954

25,515

46,522

00.6

73,402

(millions of yen)

Selling, General andAdministrative Expenses

4,000

2,000

0

6,000

8,000

10,000

96.6 97.6 98.6 99.6

1,844

2,606

4,277

00.6

11,811

7,003

Financial Section


Five-Year Summary (Consolidated Date)

For the Year

Net Sales

Cost of Sales

Selling, General and Administrative Expenses

Operating Income

Income before Income Taxes

Net Income

At Year-end

Total Assets

Shareholders’ Equity

Per Share Data

Net Income

Cash Dividends

Key Ratio

Return on Assets (ROA)

Return on Equity (ROE)

¥ 73,402,102

56,951,004

11,811,613

4,639,485

5,874,791

2,829,465

¥ 34,228,974

18,561,177

¥ 283.51

5.00

17.40

16.58

¥ 11,373,216

9,011,271

1,844,874

517,070

581,187

290,500

¥ 3,783,991

694,378

¥ 80.69

—

—

—

$ 695,755

539,820

111,959

43,976

55,685

26,820

$ 324,445

175,935

$ 2.69

0.05

Thousands of yen

Years ended June 30

Note: U.S. dollar figures reflect an exchange rate of ¥ 105.5=$ 1, the prevailing rate as of June 30, 2000.

¥ 15,954,141

12,571,567

2,606,026

776,547

777,497

402,721

¥ 5,883,041

3,468,229

¥ 102.67

5.00

15.69

19.35

¥ 25,515,010

19,954,155

4,277,266

1,283,589

1,571,598

710,280

¥ 11,174,891

7,041,710

¥ 168.39

5.00

14.68

13.52

¥ 46,522,042

36,376,000

7,003,270

3,142,771

3,628,759

1,675,347

¥ 22,938,805

15,578,907

¥ 351.78

5.00

18.12

14.81

YenU.S. Dollars

(Note)

20001996 20001997 1998 1999


(Note)

%

Economic PerformanceJapanese economy during this term has shown certain signs of

recovery supported by the increase of investment in plant and

equipment in private companies. However, with employment and

personal income remaining stagnant, and personal consumption

having a long way to recovery, harsh conditions still prevail as a

whole.

In regards to retail industry, even though information-oriented

products such as cellular phones and personal computers sold

relatively well, with some unique products and companies becoming

popular, consumers were highly selective and companies’ price

competition became more severe. Japan’s economy is still in

recession and we do not really feel the economic recovery yet.

In this condition we returned to our original, “Customer-First

Principles”, whereby we think about our customers, try to see things

from their point of view and move their hearts for true satisfaction.

Also, as the pioneer of the night market, we made special effort in

laying in trendy goods and original product presentation to satisfy

customers’ various needs. We have worked hard to help customers

discover the true joy of shopping.

Furthermore, to solidify our business foundation, we opened the

Shibuya Store, Mejirodai Store and Kannana-Honancho Store in

Tokyo, Minato-Yamashita Store, Tomei-Sagamihara Store and

Yokosuka Store in Kanagawa, and Omiya-Owada Store in Saitama,

Chiba-chuo Store in Chiba. As of end of this term, the total number

of the stores had grown to 27 stores (19 stores as of the end of the

previous term.)

As a result, we achieved sales of ¥73,402 million ($695 million), an

increase by 57.8% over last term. Operating income was ¥4,639

million ($43 million), an increase by 47.6% over last term. In

addition, net income was ¥2,829 million ($26 million), an increase by

68.9% over last term. We have a continuous record of massive

increase both in revenue and profit.

Financial ConditionsMainly due to the increase in inventories in connection with the

increase in sales, current assets amounted to ¥14,998 million ($142

million), a 38.8% increase over last year. Property and equipment

was increased for the opening of eight stores during this term and for

acquisition of land and buildings for future stores to ¥13,733 million

($130 million). Investments amounted to ¥584 million ($5 million), a

80.8% increased over last year. Thus the total assets amounted to

¥34,228 million ($324 million), a 49.2% increase over last year.

Due to the increase in debt in connection with the expansion of

operation, current liabilities totaled ¥13,667 million ($129 million), a

106.8% increase over last year. Total liabilities and shareholders’

equity totaled ¥34,228 million ($324 million), a 49.2% increase over

last year.

Financial Review


100

0

200

300

96.6 97.6 98.6 99.6

80.69

168.39

Net Income Per Share

00.6

283.51

102.67

351.78

(yen)(time)

Turnover rate of total assets

3

2

1

0

4

5

96.6 97.6 98.6 99.6

2.99

00.6

3.30

2.732.57

*Not calculated in fiscal 1996

(%)

Shareholders’ Equity Ratio

0

20

40

60

80

100

96.6 97.6 98.6 99.6

58.9563.01

67.92

00.6

54.23

18.35

Consolidated Balance Sheets

Current assets:

Cash

Notes receivable and Accounts receivable

Less:Allowance for doubtful accounts (Note 3)

Marketable securities (Note 3)

Inventories (Note 3)

Prepaid expense

Deferred tax assets (Note 12)

Other current assets

Total current assets

Investments:

Investments securities(Note 3)

Long-term loan receivable

Less:Allowance for doubtful accounts (Note 3)

Total Investments

Property and equipment, at cost (Note 6,11):

Buildings and structures

Vehicles and delivery equipments

Equipment

Less:Accumulated depreciation

Land

Construction in progress

Net property and equipment

Intangibles and deferred charge (Note 3)

Other assets:

Guarantee deposits

Deferred tax assets (Note 12)

Other non-current assets

Total other assets

Total Assets

The accompanying notes are an integral part of the statements

¥ 3,172,332

431,637

510,849

6,374,208

222,580

—

90,382

10,801,990

140,070

183,791

323,861

2,773,449

34,975

1,036,644

(849,547)

5,432,831

94,751

8,523,103

1,029,264

2,199,715

—

60,870

2,260,585

¥22,938,805

$ 23,768

5,101

17,015

87,691

3,507

1,520

3,560

142,162

3,806

1,733

5,539

53,519

712

15,952

(14,325)

73,752

566

130,176

9,746

31,004

517

5,301

36,822

$ 324,445

¥ 2,507,482

538,114

1,795,146

9,251,437

369,971

160,387

375,551

14,998,091

401,522

182,805

584,327

5,646,221

75,131

1,682,961

(1,511,327)

7,780,841

59,781

13,733,608

1,028,266

3,270,896

54,539

559,243

3,884,678

¥ 34,228,974

2000 1999 2000

Thousands of Yen

Thousands ofU.S. Dollars

(Note 1)

ASSETS


As of June 30, 1999 and 2000

F i n a n c i a l S e c t i o n

LIABILITIES AND SHAREHOLDERS’ EQUITY

Liabilities

Current liabilities:

Account payables-trade

Short-term loan payable (Note 7,11)

Current maturities of long-term debt

Accrued income taxes

Accrued expenses

Other liabilities

Total current liabilities

Long -term liabilities:

Long-term debt (Note 7,11)

Allowance for retirement benefits for directors

Consolidation adjustment

Other liabilities

Total long-term liabilities

Total Liabilities

Shareholders’ equity (Note 3,9 ):

Common Stock, non-par value

Authorized: 1999 - 19,000 thousands shares

2000 - 39,000 thousands shares

Issued and Outstanding:



Additional paid-in capital

Retained Earnings

Total Shareholders’ Equity

Total Liabilities and Shareholders’ Equity

The accompanying notes are integral part of the statements.

¥ 3,832,593

50,000

578,400

1,406,712

383,416

357,243

6,608,365

676,600

49,601

11,574

13,755

751,531

7,359,897

5,427,900

6,743,030

3,407,977

15,578,907

¥22,938,805

$ 55,458

28,910

13,479

18,300

5,068

8,333

129,548

17,892

530

—

540

18,962

148,510

51,449

63,915

60,571

175,935

$324,445

¥ 5,850,877

3,050,000

1,422,000

1,930,662

534,630

879,118

13,667,289

1,887,600

55,914

—

56,992

2,000,506

15,667,796

5,427,900

6,743,030

6,390,247

18,561,177

¥34,228,974

2000 1999 2000


(Note 1)


Thousands of Yen

Consolidated Statements of Income

Net sales

Cost of goods sold

Gross profit

Selling, general and administrative expenses (Note 13)

Operating income

Other income (expenses):

Interest income and dividend income

Interest expense

Stock issuance cost

Other income, net (Note 10)

Income before income taxes

Income taxes (Note 12):

Current

Deferred

Tax effects attribute to prior year adjustments

Net income

Amount per share of common stock:

Net income

Cash dividends applicable to the year


¥ 46,522,042

36,376,000

10,146,041

7,003,270

3,142,771

4,390

(55,910)

(36,222)

573,731

3,628,759

1,953,411

—

—

¥ 1,675,347

$ 695,755

539,820

155,935

111,959

43,976

3,708

(554)

—

8,555

55,685

28,083

(352)

1,134

$ 26,820

¥ 73,402,102

56,951,004

16,451,098

11,811,613

4,639,485

391,167

(58,412)

—

902,553

5,874,791

2,962,798

(37,172)

119,700

¥ 2,829,465

2000 1999 2000

Thousands of Yen


(Note 1)

Yen U.S. Dollars

¥ 283.51

¥ 5.00

¥ 351.78

¥ 5.00

$ 2.69

$ 0.05


For the year ended June 30, 1999 and 2000


Common stock:

Balance at beginning of year

Issuance of common stock

Balance at end of year

Additional paid-in capital:


Issuance of common stock


Retained earnings:


Prior year adjustments for application

for deferred tax accounting

Net income

Cash dividends



¥ 1,985,100

3,442,800

5,427,900

3,300,230

3,442,800

6,743,030

1,756,380

—

1,675,347

(23,750)

¥ 3,407,977

$ 51,449

—

51,449

63,915

—

63,915

32,303

1,685

26,820

(237)

$ 60,571

¥ 5,427,900

—

5,427,900

6,743,030

—

6,743,030

3,407,977

177,754

2,829,465

(24,950)

¥ 6,390,247

2000 1999 2000

Thousands of Yen


(Note 1)

Consolidated Statements of Shareholders’ Equity



Consolidated Statements of Cash Flows

2000 1999 2000

Thousands of Yen


(Note 1)



—¥ 1,675,347

489,740(959)

3,3631,395

49,057

(164,048)(2,881,591)

11,0862,291,070

858,4342,332,894

———

2,332,894

(510,849)(119,453)

(4,043,164)(1,288,953)

—(985,911)

(6,948,330)

—1,025,400

(1,000,000)—

6,885,600(23,750)

6,887,250

2,271,816900,516

¥ 3,172,332

$55,685

6,6828

(1)185

(2,658)

(1,008)(27,272)(4,195)19,1316,789

53,346939

(601)(24,251)29,433

(8,333)(3,040)

(56,288)(11,379)(2,698)(1,671)

(83,409)

192,89130,332

(164,455)(10,857)

—(237)

47,674

(6,302)30,070

$23,768

¥ 5,874,791—

704,964802(71)

19,497(280,464)

(106,293)(2,877,229)

(442,521)2,018,284

716,2935,628,053

99,069(63,421)

(2,558,547)3,105,154

(879,166)(320,749)

(5,938,418)(1,200,445)

(284,573)(176,303)

(8,799,654)

20,350,0003,200,000

(17,350,000)(1,145,400)

—(24,950)

5,029,650

(664,850)3,172,332

¥ 2,507,482

Cash flows from operating activities:Income before income taxNet incomeAdjustments to reconcile net incometo net cash providedby (used in ) operating activities:Depreciation and amortization, includingamortization of consolidation differenceProvision for (reversal of) doubtful accountsLoss(Gain) on disposal of fixed assetsValuation loss of investments securitiesOther, netChanges in assets and liabilities:Increase in trade receivableIncrease in inventoriesIncrease (decrease) in current assetsIncrease in trade payableIncreased in current liabilities

Received interest and dividend income (Note 1)Interest paid (Note 1)Income tax paid (Note 1)Net cash provided by operating activities

Cash flows from investing activities:Payments for purchase of marketable securitiesPayments for purchase of investments securitiesPayments for purchases of tangible fixed assetsand intangible assetsIncrease in guarantee depositsIncrease in insurance policyOther, netNet cash used in investing activities

Cash flows from financing activities:Borrowing in short-term loan payableBorrowing in long-term loan payableRepayment of short-term loansRepayment of long-term loansIssuance of common stockPayments of cash dividendsNet cash provided by financing activities

Net increase (decrease) in cash and cash equivalentsCash and equivalents at beginning of the yearCash and equivalents at end of the year




The accompanying consolidated financial statements of the Don

Quijote Co.,Ltd (the “Company”) accounts of its subsidiary on a

consolidated basis.

The consolidated financial statements are prepared in accordance

with accounting principles and practices generally accepted in Japan

under the requirements of the Japanese Commercial Code, and other

applicable rules and regulations for domestic purpose, and were filed

with the Ministry of Finance (MOF) as required by the Securities and

Exchange Law. In preparing these financial statements, certain

reclassifications and rearrangements have been made to the original

financial statements issued domestically in Japan, for the

conveniences of reader outside of Japan.

In addition, the accompanying notes include information, which is

not required under generally accepted accounting principles and

practices in Japan, but is presented herein as additional information.

In preparing the accompanying consolidated financial statements,

certain reclassifications have been made in the consolidated financial

Note 1. Basis of Presenting Consolidated Financial Statement

The accompanying consolidated financial statements are prepared in

conformity with accounting principles generally accepted in Japan.

Differences from IAS include the following.

Translation of foreign currency items

Foreign currency monetary items of the Company due after one year

are recorded at historical rate, while items due within one year are

recorded at the closing rate. In this respect, the accounting policy is

not in accordance with IAS 21 which requires foreign currency

monetary items be reported at the closing rate.

Marketable Securities (Note 5)

Although IAS 25 requires that marketable securities recorded in

investments be stated at market value or at the lower of cost or

market on portfolio basis, the Company determines the value of the

marketable securities at the lower of cost or market on an item-by-

item basis in order to state their value of the securities more

conservatively.

Leases (Note 4)

The Company and its consolidated subsidiary in Japan treated finance

leases of the Company where ownership does not transfer to the

lessees are not capitalized in the same way as operating leases under

accounting principles generally accepted in Japan, which differ from

IAS 17.

Note 2. Significant Differences Between Accounting Policies Followed by theCompany and a Domestic Subsidiary and International Accounting Standards

statements issued domestically, including the 2000 consolidated cash

flow statements prepared in accordance with the “ Standards for

Preparation of Consolidated Cash Flow Statements, etc” effective in

1999, in order to present them in a form which is more familiar to

readers outside Japan and not required to be filed with MOF at that

time.

Significant differences between the accounting policies followed by

the Company and International Accounting Standards are described

in Note 2.

Under the all yen figures are rounded down to nearest thousand.

Accordingly breakdown figures may not add up to sums. The U.S.

dollar amounts presented in the accompanying financial statements

are converted solely for convenience at the rate of ¥105.5 to U.S.

$1.00, which was the exchange rate prevailing on June 30, 2000.

Certain reclassifications have been made in the 1999 financial

statements to conform to the presentation for 2000.

Tax effect accounting

Through 1999 the Company did not recognize tax effects of

temporary differences as described in Note 3. Therefore, the

Company’s policy differed from IAS 12, which requires that the tax

expense for a period be determined on the basis of tax effect

accounting. In 2000 the Company has adopted tax effect accounting

in accordance with the new accounting standards in Japan.

Impairment of assets accounting

Accounting for impairment of assets is not required under generally

accepted accounting principles and practices in Japan, which differ

from IAS 36.

Amount of significant effects on the consolidated financial

statements

Had IAS applied, the significant effects on the accompanying

consolidated financial statements would have been as follows:


Lease (Note 4)

Equipment

Liabilities

¥ 330,449

¥ 330,449

$ 2,659

$ 2,659

¥ 280,545

¥ 280,545

2000 1999 2000

Thousands of YenThousands ofU.S. Dollars



(a) Consolidation

The consolidated financial statements included the accounts of the

parent company and its subsidiary such as the Company and Leader

Co., Ltd. Corporation.

SP Net work Corporation is accounted for the equity method.

The Company prepared the consolidated financial statements for the

year ended June 30,2000 in accordance with the revised Accounting

Principles for Consolidated Financial Statements (the “Revised

Accounting Principles”) effective for the year ended March 31,2000.

The consolidated financial statements for 2000 include the accounts

of the Company and significant companies which are controlled by

the Company through substantial ownership of more than 50% of the

voting rights or through ownership of high percentage of the voting

rights and the existence of certain conditions evidencing control by

the Company of the decision-making body of such companies.

Under the Revised Accounting Principles, certain companies of

which the Company has less than 20% of the voting rights in the case

where the Company has the ability to exercise significant influence

over operating and financial policies of the investees are also

accounted for using the equity method.

Previously, only majority-owned companies were consolidated and

only investments in companies of which the Company owns 20% to

50% of the voting rights and has the ability to significantly influence

financial, operational or business policies were accounted for using

the equity method.

Significant intercompany balances, transactions and profits have been

eliminated in consolidation.

(b) Statements of cash flow

In preparing the cash flow statements for the year ended June 30,

2000 for MOF reporting purpose, cash is considered to be “cash and

cash equivalent”, which includes cash on hand, readily-available

deposit and highly liquid investments with original maturities of not

exceeding three months.

(c) Marketable securities and investments in securities

Listed trading marketable securities are valued at lower of average

cost being determined by the moving average method or market, as

applied separately to each security.

Investments in securities are valued at cost being determined by the

moving-average method.

(d) Inventories

The Company adopted that inventories are valued at cost determined

by the retail method.

The subsidiary adopted that inventories are valued at cost determined

Note 3. Summary of Significant Accounting Policiesby the most recent purchase price method.

(e) Property and equipment

Property and equipment are carried at cost. Significant renewals and

additions are capitalized; maintenance and repaired, and minor

renewals and improvements, are charged to income as incurred,

Interest costs relating to construction of property, equipment are not

capitalized.

In accordance with the amendment of the Japanese Corporation Tax

Law, the buildings acquired after April 1, 1998 was computed on the

straight-line method. Other properties and equipments were computed

on the declining balance method at rules based on the Japanese

Corporation Tax Law. There was no material effect due to the

amendment.

(f) Intangibles

Amortization of software used for the Company is computed by the

straight-line method for five years.

(g) Common stock issue costs

Common stock issue costs are directly charged to income as incurred.

Japanese Commercial Code prohibits charging such stock issue costs

to capital accounts.

(h) Allowance for doubtful accounts

The allowance for doubtful accounts is provided at an amount that is

deemed sufficient to cover estimated future losses.

(i) Allowance for retirement benefits for directors.

The Company adopted a retirement benefit plan for directors and

statutory auditors. Directors and statutory auditors entitle to be paid a

lump-sum retirement benefit determined on the basis of rules of the

Company.

(j) Income taxes

Income taxes are determined by using the liability method, where

deferred tax assets and liabilities are recognized for temporary

differences between tax basis of assets and liabilities and their

reported amounts in the financial statements.

(k) Leased transaction

Finance leases of the Company where ownership does not transfer to

the lessees are not capitalized and are accounted for the same manner

as operating leases (“non-capitalized finance leases”)

(l) Dividends

Dividends are declared by the Board of Directors and approved by

the shareholders at meetings held subsequent to the fiscal year to

which the dividends are applicable, and shareholders of record as at

the end such fiscal year are entitled to the subsequently declared

dividends. Dividends charged to retained earnings represent


Note 4. Leases transactionCertain related information at June 30,2000 and 1999 are summarized

as follows.


dividends approved by the shareholders and paid during the respective

years.

(m) Bonuses to directors and statutory auditors

Bonuses to directors and statutory auditors, which are subject to

shareholders’ approval at the annual shareholders’ meeting under the

Japanese Commercial Code, are accounted for as an appropriation of

retained earnings.

(n) Shareholders’ Equity

The Japanese Commercial Code provides that an amount equivalent to

at least 10 % of cash dividends and directors’ and statutory auditors’

bonuses paid with respect to each financial period be appropriated to

legal reserve until such reserve equals 25% of common stock.

The Code also provides that neither capital surplus nor legal reserve is

available for cash dividends, but that both may be used to reduce a

deficit by resolution of shareholders or may be capitalized by

resolution of the Board of Directors.

(o) Per Share Data

Per share data in the accompanying statements of income are

computed using the weighted average number of shares outstanding.

1.Book value of leased assets

2.The equivalent amount of accumulated depreciation

3.Total future lease payments of non-capitalized lease

4.Future lease payments of non-capitalized lease due within one year

5.Lease expense paid

6.The equivalent amount of depreciation.

7.The equivalent amount of interest expense

¥ 621,928

211,083

330,449

144,873

109,156

104,578

4,219

$ 7,085

4,508

2,659

1,448

1,773

1,713

61

¥747,440

475,601

280,545

152,769

187,042

180,732

6,397

2000 1999 2000


Note 5. Marketable securities and investments securitiesThe company invests in equity securities and classified its

investments in equity securities primarily as available for sale.

The following table sets forth book value, unrealized gain(loss) and

estimated market value as of June 30, 2000:

As of June 30, 2000:Current:Short-term investments:

Equity securitiesOthers

Non-current:Investments in securities:

Equity securities

¥ 94,517(6,925)

¥ 87,592

¥360,072¥360,072

¥ 162,0001,710,739

¥1,872,739

¥ 473,035¥ 473,035

¥ 67,4821,717,664

¥1,785,146

¥ 112,962¥ 112,962

Book value Unrealizedgain (loss)

Estimatedmarket value

Thousands of Yen

As of June 30, 2000:Current:Short-term investments:

Equity securitiesOthers

Non-current:Investments in securities:

Equity securities

$ 896(66)

$ 830

$ 3,413$ 3,413

$ 1,53616,215

$ 17,751

$ 4,484$ 4,484

$ 64016,281

$ 16,921

$ 1,071$ 1,071

Book value Unrealizedgain (loss)

Estimatedmarket value


Thousands of Yen


Note 6. DepreciationThe useful lives of property and equipments for computing

depreciation, which are identical with the useful lives stipulated under

the Japanese Corporate Tax regulations, are as shown below:


Note 8. Financial InstrumentsThe Company has not been used derivative financial instruments.

Years

Buildings and structures 3 to 50

Equipment and vehicles 2 to 15

Note 7. Short-term loan and long-term debtShort-term loans are principally comprised of bank loans.

The interest rate was 0.6% as of June 30, 2000.

As is customary in Japan, substantially all loans from banks

(including short-term loans) are made under general agreements

which provide that, at the request of the banks, the borrower is

required to provide collateral or guarantors (or additional collateral or

guarantors, as appropriate) with respect to such loans, and that all

assets pledged as collateral under such agreements will be applicable

to all present and future indebtedness to the banks concerned.

2001

2002

2003

¥ 1,422,000

1,047,600

840,000

¥ 3,309,600

$ 13,479

9,930

7,962

$ 31,371

Note 9. Stock incentive planThe shareholders of the Company approved a stock incentive plan on

September 25, 1998. The plan provides for the issuance of up to 20,000

shares in the form of options to 4 directors and provides for the issuance of

up to 30,000 shares in the form of options to 47 managers. The options

may be exercised during the period from October 2, 2000 until October 1,

2003, and the exercise price was equal to the fair market value based on

the average stock price which had been traded on Tokyo Stock Exchange

( TSE ) during September,1998.

The shareholders of the Company approved a stock incentive plan on


shares in the form of options to 40 managers. The options may be

exercised during the period from October 2, 2001 until October 1, 2004,

and the exercise price was equal to the fair market value based on the

average stock price which had been traded on TSE during November, 1999.

The shareholders of the Company approved a stock incentive plan on


shares in the form of options to 4 directors and provides for the issuance of

up to 80,000 shares in the form of options to 179 employees. The options

may be exercised during the period from October 2, 2002 until October 1,

2006, and the exercise price was equal to the fair market value based on the

average stock price which had been traded on TSE during September, 2000.

Long-term debt has an interest rate of 1.4% and started to repay

principle.

The aggregate annual maturities of the long-term debt are as follows.

Note 10. Other income, netOther income, net was consisted of other income and other expense. Other income and other expense were as follows.

Other income:

Gain on sale of securities

Rental fee for computer system

Tenant income

Marketing support fees from suppliers

Other income

Other income total

¥ 117,260

230,230

62,877

42,003

167,988

620,360

$ 977

3,513

1,185

705

2,497

8,877

¥ 103,032

370,624

125,037

74,411

263,369

936,478

2000 1999 2000





Other expense:

Initial public offering expense

Loss on disposal of fixed assets

Valuation loss of securities

Prior year adjustment of retirement benefit for directors

Other

Other expense total

Other income, net

—

3,363

1,395

41,289

580

46,629

¥ 573,731

104

1

185

—

32

322

$ 8,555

10,992

71

19,497

—

3,365

33,925

¥ 902,553

Note 11. Pledged assets

The assets pledged as collateral for the Company’s liabilities at June

30, 2000 and 1999, were as follows:¥ 3,114,479

720,042

¥ 3,834,522

$ 29,521

6,596

$ 36,117

¥ 3,114,479

695,866

¥ 3,810,345

2000 1999 2000


Land

Buildings

Short-term loan

Current maturitiesof long-term debt

Long-term debt

¥578,400

676,600

¥ 1,255,000

$ 28,436

13,166

17,257

$ 58,859

¥ 3,000,000

1,389,000

1,820,600

¥ 6,209,600

2000 1999 2000


Liabilities related with the assets pledged at June 30,2000 and 1999

were as follows:

Note 12. Income taxIn 2000, the Company adopted tax effect accounting in accordance

with the new standards as described in Note 2. With regard to the

cumulative effect on prior years of adopting tax effect accounting, net

income for the year ended June 30, 2000 increased by ¥37,172

thousand ($ 352 thousand) and retained earning as of June 30, 2000

increased by ¥ 214,926 thousand ($ 2,037 thousand) as presented in

the accompanying statements of shareholders' equity and deferred tax

assets as of June 30, 2000 recorded ¥214,926 thousand ($ 2,037

thousand) as presented in the accompanying statements of

consolidated balance sheets.

The normal effective statutory income tax rate in Japan arising out of

the aggregation of corporate, enterprise and inhabitants taxes was

approximately 42%, 48% for 2000 and 1999, respectively.

The significant components of deferred tax assets and liabilities are as

follows.

Thousands of Yen Thousands ofU.S. Dollars

¥ 144,586

8,208

7,591

160,387

23,540

26,461

4,537

54,539

¥ 214,926

$ 1,370

78

72

1,520

223

251

43

517

$ 2,037

2000 2000

A reconciliation of the difference between the statutory tax rate and

the effective income tax rate reflected in the accompanying statements

of operation for the ended June 30, 2000 is as follows.

Statutory tax rate

Permanent difference

Flat tax of inhabitant tax

Tax on the undistributed profits

Others

Effective tax rate

42.1%

0.2%

1.2%

5.0%

1.3%

49.8%

2000

Deferred tax assets (current):

Provision for enterprise tax

Valuation loss of investment securities

Others

Sub-total

Deferred tax assets (non- current )

Accrued retirement benefits

Depreciation

Others

Sub-total

Total



Employees’ compensation and benefit

Occupancy and rental

Commission

Depreciation

Provision for retirement benefits for directors

Other

Total

¥ 2,656,014

772,219

772,331

489,740

8,312

2,304,654

¥ 7,003,270

$ 42,600

13,592

14,838

6,363

60

34,506

$ 111,959

¥ 4,494,345

1,433,932

1,565,390

671,299

6,312

3,640,335

¥ 11,811,613

2000 1999 2000

Thousands of Yen Thousands of U.S. Dollars

Note 13. Selling, general and administrative expensesMajor elements of selling, general and administrative expense for

2000 and 1999 are summarized as follows:

Note 14. Subsequent eventsAppropriation of retained earnings under the Commercial Code of

Japan, a plan for appropriation of retained earnings proposed by the

Board of Directors must be approved at a shareholders’ meeting to be

held within three months after the end of the fiscal year. The

appropriation of retained earnings for the year ended June 30, 2000

was approved by the shareholders’ meeting held on September 26,

2000 as follows:

Thousands of Yen Thousands ofU.S. Dollars

Cash dividends (¥5.0 ($0.05) per share) 49,900 473

Note 15. Segment informationThe discount store operations, which mainly comprise 27 discount

retail stores in Japan, principally sell household goods, food,

beverage, cosmetics, toiletries, sports goods, CD, DVD, etc.



Report of Independent Public Accountants

We have audited the accompanying balance sheets (expressed in yen) of Don Quijote

Co.,Ltd and a subsidiary as of June 30, 1999 and 2000, and the related consolidated

statements of income, stockholders’ equity and cash flows for each of the years in the

two-year period ended June 30. Our audits were made in accordance with generally

accepted audit standards in Japan and accordingly included such tests of the accounting

records and such other auditing procedures as we considered necessary in the

circumstances.

In our opinion, the consolidated financial statements referred to above present fairly, in

all material respects, the consolidated financial position of Don Quijote Co.,Ltd and a

subsidiary as of June 30, 1999 and 2000, and the consolidated result of their operations

and their cash flows for each of the years in the two-year period ended June 30, in

conformity with generally accepted accounting principles in Japan.

Also, in our opinion, the accompanying consolidated financial statements expressed in

yen have been translated into U.S. dollars on the basis set forth in Note 1.

To the Shareholders and the Board of Directors ofDon Quijote Co.,Ltd.

Tokyo, Japan

November, 2000

Big Apple & Co.

Certified Public Accountants

Statements on accounting principles and auditing standards

This statements is to remind users that accounting principles and auditing standards and their application in practice may vary

among nations and therefore could affect, possibly materially, the reported financial position, and result of operations. The

accompanying financial statements are prepared based on accounting principles generally accepted in Japan, and the auditing

standards and their application in practice are those generally accepted in Japan. Accordingly the accompanying financial

statements and the auditors’ reports presented above are for users familiar with Japanese accounting principles, audit standards

and their application in practice.


Board of Directors and Corporate Auditors

Takao Yasuda President and Representative Director

Mitsuo Takahashi Director

Junji Narusawa Director

Kouji Ohara Director

Satoshi Ueda Director

Isao Matsuura Standing Statutory Auditor

Mutsuo Takahashi Statutory Auditor

Hitoshi Ehara Statutory Auditor

Masaru Ueno Statutory Auditor

(As of June 30, 2000)

Head Office

Tokyo Metropolitan AreaFuchu store Suginami store Shinjuku store Kasai storeKanpachi Setagaya storeKannana Umejima storeKeihin Kamata storeKeio Horinouchi storeTohachi Mitaka storeKoganei Koen storeShibuya storeMejirodai storeKannana Honancho storeShinjuku Higashi-guchi store

Kanagawa PrefectureTomei Kawasaki storeShin-Yokohama storeMinato Yamashita storeTomei Sagamihara storeYokosuka storeTomei Yokohama Inta store

Chiba PrefectureKisarazu storeMakuhari store Ichihara storeBaraki Nishifunabashi storeChiba Chuo store

Saitama PrefectureOmiya storeWako storeUrawa Kagetsu storeOmiya Owada store

(As of November, 2000)

Company Name Don Quijote Co., Ltd.President and Representative Director Takao YasudaHead Office 4-14-1, Kitakasai, Edogawa-ku, Tokyo 134-0081,

JapanTel. +81-3-5667-7511Fax. +81-3-5667-7522

Established September 5, 1980

Paid-in Capital ¥5,427,900 Thousand

Number of Employees 576

(As of June 30, 2000)

Corporate Data

Network



Shareholders Information

Total Number of Shares Authorized 39,000,000

Number of Shares Issued9,980,000

Number of Shareholders4,531

Principal ShareholdersName

Takao Yasuda

UBS (Trust and Banking) Limited

The Chase Manhattan Bank NA London

The Nomura Trust & Banking Co., Ltd.

The Sumitomo Trust & Banking Co., Ltd.

MLP FS Custody

The Nikko Trust & Banking Co., Ltd.

The Mitsubishi Trust & Banking Corporation

The Daiwa Bank

The Toyo Trust & Banking Co., Ltd.

Total

Number ofShares Held

5,202.0

381.5

270.3

258.8

182.7

174.0

153.3

129.6

128.7

119.1

7,000.0

Percentage ofTotal Shares

in Issue

(%)

52.12

3.82

2.70

2.59

1.83

1.74

1.53

1.29

1.28

1.19

70.14

Share Ownership by Category

Financial Institutions

Securities Companies

Other Japanese Corporations

Foreign Corporations and Individuals

Japanese Individuals and Others

Total

Number ofShareholders

33

20

82

115

4,281

4,531

Number of Shares Held

2,024.3

64.1

51.5

1,741.5

6,098.6

9,980.0

Percentage of Total Shares

in Issue

(%)

20.28

0.64

0.52

17.45

61.11

100.00

(As of June 30, 2000)

(thousands)

(thousands)

Printed in Japan

Don Quijote Co., Ltd.Head Office Address :4-14-1, Kitakasai, Edogawa-ku, Tokyo 134-0081, Japan

TEL: +81-3-5667-7511 FAX: +81-3-5667-7522URL http://www.donki.com/

DON QUIJOTE - donki-hd.co.jp · Don Quijote Co., Ltd. is the pioneer of the night market in city...

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