6-K 1 k00588e6vk.txt ITO-YOKADO CO., LTD FORM 6-K Commission File No. 2-61271 and 2-72713 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN ISSUER Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 Report on Disclosure of Information of ITO-YOKADO CO., LTD. ITO-YOKADO CO., LTD. (Translation of registrant's name into English) 1-4, SHIBAKOEN 4-CHOME, MINATO-KU, TOKYO 105-8571, JAPAN (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F x Form 40-F ----- ----- Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2 (b) under the Securities Exchange Act of 1934. Yes No x ----- ----- If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2 (b). 82- ----------- [Translation] January 9, 2004 To: Each of the Parties Concerned Name of the Company: Ito-Yokado Co., Ltd. Address of Head Office: 1-4, Shiba Koen 4-chome Minato-ku, Tokyo Name of Representative of the Company: Sakae Isaka President and Representative Director (Securities Code No. 8264, the First Section of the Tokyo Stock Exchange) Addressee to Contact: Shiro Ozeki Director of Finance Division Tel: 03-3459-2111 NOTICE OF DETERMINATION OF NUMBER OF SHARES OF TREASURY STOCK TO BE OFFERED Ito-Yokado Co., Ltd. ("the Company") hereby announces that the Company received a notice from Allottee that it will subscribe for all shares to be offered with respect to the Offering of Treasury Stock of the Company, which was resolved at and announced after the meeting of the Board of Directors held on November 25, 2003, where the Secondary Offering of the shares of common stock of the Company through purchase and underwriting by the Underwriters and through Over-allotment were also resolved: Particulars (1) Final Number of Shares to be Offered: 1,687,000 shares (Planned number of Shares to be offered 1,687,000 shares) (2) Final Aggregate Offer Price: 5,422,355,400 yen (Offer price per share 3,214.20 yen) (Reference) At the meeting of the Board of Directors held on November 25, 2003, the Offering of Treasury Stock was resolved as well as the secondary offering of the shares of common stock of the Company through purchase and underwriting by the Underwriters and through Over-allotment was resolved. With respect to the details of the Offering of Treasury Stock of the Company, please refer to the Company's news release, "Notice of Secondary Offering of the Shares and the Offering of Treasury Stock of Ito-Yokado" dated November 25, 2003. 2. Change in Number of Treasury Stock after Offering of Treasury Stock Present number of treasury stock: 2,640,000 shares (As of January 8, 2004) Treasury stock to be offered and disposed of: 1,687,000 shares Number of treasury stock after offering 953,000 shares

- End - 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. ITO-YOKADO CO., LTD. (Registrant) January 9, 2004 By: /s/ Noritoshi Murata --------------------------- Senior Managing Director and Chief Financial Officer

Thousands of Millions of yen U.S. dollars* -------------------------------------------------------- 2003 2002 2001 2003 ------------------------------------------------------------------------------------------------------------------ FOR THE PERIOD: Revenues from operations 1,686,201 1,644,020 1,557,216 14,411,974 Income from continuing operations before Income taxes 81,239 94,231 101,856 694,351 Net income 17,846 6,787 35,621 152,530 % of revenues 1.1% 0.4% 2.3% 1.1% AT PERIOD END: Total assets 2,497,325 2,412,984 2,377,150 21,344,658 Total shareholders' equity 1,083,906 1,114,796 1,094,918 9,264,154

Yen U.S. dollars* ------------------------------------------------------- NET INCOME PER SHARE: Basic 42.85 16.22 85.20 0.37 Diluted 42.83 -- 85.10 0.37 CASH DIVIDEND DECLARED PER SHARE OF COMMON STOCK 16.00 16.00 16.00 0.14

Thousands of U.S. dollars Millions of yen (Note B) ---------------------------------------- ASSETS 2003 2002 2003 ----------------------------------------------------------------------------------------- CURRENT ASSETS: Cash and cash equivalents 548,549 598,038 4,688,453 Accounts and notes receivable: Trade 33,019 41,928 282,214 Finance receivables 53,736 19,603 459,282 Affiliates 894 982 7,641 Franchisees and other 34,879 22,840 298,111 ---------------------------------------- 122,528 85,353 1,047,248 Allowance for doubtful accounts (585) (690) (5,000) ---------------------------------------- 121,943 84,663 1,042,248 Inventories 91,223 91,768 779,684 Asset held for sale 5,028 3,958 42,974 Prepaid expenses and other current assets 96,260 64,653 822,735 ---------------------------------------- Total current assets 863,003 843,080 7,376,094 ---------------------------------------- INVESTMENTS: Investments in and advances to affiliates 33,476 34,806 286,119 Other security investments 41,308 41,688 353,060 ---------------------------------------- 74,784 76,494 639,179 ---------------------------------------- PROPERTY AND EQUIPMENT, AT COST: Leasehold improvements 826,066 809,991 7,060,393 Land and land rights 373,258 374,827 3,190,239 Buildings and structures 374,173 359,059 3,198,060 Furniture, fixtures and other 466,378 437,130 3,986,137 Construction in progress 14,467 10,141 123,650 ---------------------------------------- 2,054,342 1,991,148 17,558,479 Accumulated depreciation and amortization (910,362) (854,058) (7,780,872) ---------------------------------------- 1,143,980 1,137,090 9,777,607 ---------------------------------------- OTHER ASSETS: Goodwill 129,068 104,119 1,103,145 Fixed leasehold deposits 79,276 82,004 677,573 Deferred lease rents 99,933 89,355 854,128 Other 107,281 80,842 916,932 ---------------------------------------- 415,558 356,320 3,551,778 ---------------------------------------- 2,497,325 2,412,984 21,344,658 ----------------------------------------

Thousands of U.S. dollars Millions of yen (Note B) ---------------------------------------- LIABILITIES AND SHAREHOLDERS' EQUITY 2003 2002 2003 ----------------------------------------------------------------------------------------------- CURRENT LIABILITIES: Short-term loans 5,033 15,767 43,017 Current portion of long-term debt 45,342 16,487 387,539 Accounts and notes payable: Trade 290,767 273,029 2,485,188 Other 39,371 44,642 336,504 Accrued payroll and bonus 40,210 40,512 343,675 Income taxes payable 40,423 42,608 345,496 Deposits received 99,533 48,871 850,709 Other current liabilities 59,428 66,095 507,932 ---------------------------------------- Total current liabilities 620,107 548,011 5,300,060 LONG-TERM DEBT 317,262 337,736 2,711,641 ACCRUED PENSION AND SEVERANCE COSTS 82,802 10,549 707,709 DEFERRED INCOME TAXES 14,236 12,337 121,675 DEFERRED CREDITS AND OTHER LIABILITIES 29,721 24,209 254,026 ---------------------------------------- Total liabilities 1,064,128 932,842 9,095,111 ---------------------------------------- MINORITY INTEREST IN CONSOLIDATED SUBSIDIARIES 349,291 365,346 2,985,393 ---------------------------------------- COMMITMENTS AND CONTINGENT LIABILITIES SHAREHOLDERS' EQUITY: Common stock, authorized 840,000,000 shares, issued 418,717,685 shares in 2003 and 2002 47,988 47,988 410,154 Capital surplus: Additional paid-in capital 119,321 119,321 1,019,837 Other capital surplus 37,813 36,777 323,188 Retained earnings: Legal reserve 14,915 14,902 127,479 Other retained earnings 913,289 895,449 7,805,889 Accumulated other comprehensive (loss) income (36,266) 1,044 (309,966) ---------------------------------------- 1,097,060 1,115,481 9,376,581 Treasury stock, at cost, 4,416,124 shares in 2003 and 256,256 shares in 2002 (13,154) (685) (112,427) ---------------------------------------- Total shareholders' equity 1,083,906 1,114,796 9,264,154 ---------------------------------------- 2,497,325 2,412,984 21,344,658 ----------------------------------------

Thousands of U.S. dollars Millions of yen (Note B) ------------------------------------------------------ 2003 2002 2001 2003 ---------------------------------------------------------------------------------------------------------------------- REVENUES FROM OPERATIONS: Net sales 1,487,429 1,459,657 1,387,128 12,713,068 Other income 198,772 184,363 170,088 1,698,906 ------------------------------------------------------ 1,686,201 1,644,020 1,557,216 14,411,974 ------------------------------------------------------ COSTS AND EXPENSES: Cost of sales 1,044,958 1,009,746 963,360 8,931,265 Depreciation and amortization 58,847 58,793 55,350 502,966 Selling, general and administrative 495,915 472,953 454,541 4,238,589 ------------------------------------------------------ 1,599,720 1,541,492 1,473,251 13,672,820 ------------------------------------------------------ Operating income 86,481 102,528 83,965 739,154 ------------------------------------------------------ OTHER INCOME (EXPENSES): Interest income 1,080 1,173 1,862 9,231 Interest expense (7,093) (7,007) (6,746) (60,624) Gain on subsidiary's common stock contribution to employee retirement benefit trust -- -- 24,607 -- Gain (loss) on sale and write-down of security investments 312 (57) (3,101) 2,667 Foreign currency exchange gains (losses) 459 (2,406) 1,269 3,923 ------------------------------------------------------ (5,242) (8,297) 17,891 (44,803) Income from continuing operations before income taxes 81,239 94,231 101,856 694,351 ------------------------------------------------------ Income taxes: Current 38,068 43,563 44,087 325,368 Deferred 883 (766) (1,670) 7,547 ------------------------------------------------------ 38,951 42,797 42,417 332,915 ------------------------------------------------------ Income from continuing operations before minority interest and equity in earnings 42,288 51,434 59,439 361,436 MINORITY INTEREST IN EARNINGS OF CONSOLIDATED SUBSIDIARIES (24,365) (22,538) (21,781) (208,248) EQUITY IN EARNINGS OF AFFILIATES 349 919 848 2,983 ------------------------------------------------------ Income from continuing operations before loss from discontinued operations and cumulative effects of changes in accounting principles 18,272 29,815 38,506 156,171 LOSS FROM DISCONTINUED OPERATIONS, NET OF TAXES OF 462 MILLION YEN, 767 MILLION YEN AND (858) MILLION YEN (426) (21,019) (2,231) (3,641) CUMULATIVE EFFECTS OF CHANGES IN ACCOUNTING PRINCIPLES, NET OF TAXES OF --, 2,433 MILLION YEN AND 759 MILLION YEN -- (2,009) (654) -- ------------------------------------------------------ Net income 17,846 6,787 35,621 152,530 ------------------------------------------------------

U.S. dollars Yen (Note B) -------------------------------------- 2003 2002 2001 2003 ---------------------------------------------------------------------------------------- Income from continuing operations before loss from discontinued operations and cumulative effects of changes in accounting principles per share, equivalent to one American Depositary Share: Basic 43.87 71.24 92.09 0.38 Diluted 43.85 -- 91.98 0.38 Loss from discontinued operations per share, equivalent to one American Depositary Share: Basic (1.02) (50.23) (5.34) (0.01) Diluted (1.02) -- (5.32) (0.01) Cumulative effects of changes in accounting principles per share, equivalent to one American Depositary Share: Basic -- (4.80) (1.56) -- Diluted -- -- (1.56) -- Net income per share, equivalent to one American Depositary Share: Basic 42.85 16.22 85.20 0.37 Diluted 42.83 -- 85.10 0.37 Cash dividend declared per share, equivalent to one American Depositary Share 16.00 16.00 16.00 0.14

Thousands of U.S. dollars Millions of yen (Note B) ----------------------------------------------- 2003 2002 2001 2003 ------------------------------------------------------------------------------------------------------- COMMON STOCK: Number of shares in thousands at end of period 418,718 418,718 418,074 Balance at beginning of period 47,988 47,988 46,801 410,154 Conversion of convertible debt -- -- 1 -- ----------------------------------------------- Balance at end of period 47,988 47,988 46,802 410,154 ----------------------------------------------- CAPITAL SURPLUS: Additional paid-in capital: Balance at beginning of period 119,321 119,321 118,134 1,019,837 Conversion of convertible debt -- -- 1 -- ----------------------------------------------- Balance at end of period 119,321 119,321 118,135 1,019,837 ----------------------------------------------- Other capital surplus: Balance at beginning of period 36,903 35,947 34,659 315,410 Increase due to issuance of additional shares by a subsidiary to third parties and other 910 830 1,288 7,778 ----------------------------------------------- Balance at end of period 37,813 36,777 35,947 323,188 ----------------------------------------------- Total capital surplus 157,134 156,098 154,082 1,343,025 ----------------------------------------------- RETAINED EARNINGS: Legal reserve: Balance at beginning of period 14,902 15,097 15,016 127,368 Transfers from other retained earnings 13 16 81 111 Transfers to other retained earnings due to exclusion of a subsidiary -- (211) -- -- ----------------------------------------------- Balance at end of period 14,915 14,902 15,097 127,479 ----------------------------------------------- Other retained earnings: Balance at beginning of period 902,989 896,003 857,975 7,717,855 Net income for the period 17,846 6,787 35,621 152,530 Cash dividends (7,533) (7,536) (7,525) (64,385) Transfers to legal reserve (13) (16) (81) (111) Transfers from legal reserve due to exclusion of a subsidiary -- 211 -- -- ----------------------------------------------- Balance at end of period 913,289 895,449 885,990 7,805,889 ----------------------------------------------- Total retained earnings 928,204 910,351 901,087 7,933,368 -----------------------------------------------

Thousands of U.S. dollars Millions of yen (Note B) ------------------------------------------------------------- 2003 2002 2001 2003 ------------------------------------------------------------------------------------------------------------------------- ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME: Net unrealized gains (losses) on investments: Balance at beginning of period 339 94 1,304 2,897 Unrealized gains (losses) on securities (net of (747) million yen, 15 million yen and 958 million yen taxes) 1,077 (35) (1,312) 9,205 Reclassification adjustment for gains (losses) in net income (net of 49 million yen, 30 million yen and (814) million yen taxes) (56) (70) 1,095 (479) ------------------------------------------------------------- Balance at end of period 1,360 (11) 1,087 11,623 ------------------------------------------------------------- Cumulative translation adjustments: Balance at beginning of period 1,647 13,729 (3,627) 14,077 Adjustments for the period 1,716 (12,231) 10,209 14,667 ------------------------------------------------------------- Balance at end of period 3,363 1,498 6,582 28,744 ------------------------------------------------------------- Minimum pension liability adjustments: Balance at beginning of period (41,113) -- (14,539) (351,393) Adjustments for the period (net of (21) million yen, -- and (5) million yen taxes) (21) -- (14) (180) ------------------------------------------------------------- Balance at end of period (41,134) -- (14,553) (351,573) ------------------------------------------------------------- Interest rate swaps and foreign currency swaps: Balance at beginning of period (423) (505) -- (3,615) Adjustments for the period (net of (439) million yen, (16) million yen and 178 million yen taxes) 568 62 (169) 4,855 ------------------------------------------------------------- Balance at end of period 145 (443) (169) 1,240 ------------------------------------------------------------- Total accumulated other comprehensive (loss) Income Balance at beginning of period (39,550) 13,318 (16,862) (338,034) Adjustments for the period 3,284 (12,274) 9,809 28,068 ------------------------------------------------------------- Balance at end of period (36,266) 1,044 (7,053) (309,966) ------------------------------------------------------------- TREASURY STOCK: Balance at beginning of period (1,201) (358) -- (10,265) Purchase, net of retirements (11,953) (327) -- (102,162) ------------------------------------------------------------- Balance at end of period (13,154) (685) -- (112,427) ------------------------------------------------------------- TOTAL SHAREHOLDERS' EQUITY 1,083,906 1,114,796 1,094,918 9,264,154 DISCLOSURE OF COMPREHENSIVE INCOME (LOSS): Net income for the period 17,846 6,787 35,621 152,530 ------------------------------------------------------------- Net unrealized gains (losses) on investments 1,021 (105) (217) 8,726 Cumulative translation adjustments 1,716 (12,231) 10,209 14,667 Minimum pension liability adjustments (21) -- (14) (180) Unrealized gains (losses) on interest rate swaps and foreign currency swaps 568 62 (169) 4,855 ------------------------------------------------------------- Other comprehensive income (loss) for the period, net of taxes 3,284 (12,274) 9,809 28,068 ------------------------------------------------------------- TOTAL COMPREHENSIVE INCOME (LOSS) FOR THE PERIOD 21,130 (5,487) 45,430 180,598 -------------------------------------------------------------

Thousands of U.S. dollars Millions of yen (Note B) -------------------------------------------------------- 2003 2002 2001 2003 --------------------------------------------------------------------------------------------------------------------------- CASH FLOWS FROM OPERATING ACTIVITIES: Net income 17,846 6,787 35,621 152,530 Adjustments to reconcile net income to net cash provided by operating activities: Cumulative effects of changes in accounting principles -- 2,009 654 -- Loss from discontinued operations 426 21,019 2,231 3,641 Depreciation and amortization 58,847 58,793 55,350 502,966 Impairment and disposal loss for property and equipment 10,084 4,629 4,355 86,188 Minority interest 24,365 22,538 21,781 208,248 Undistributed earnings of affiliates (111) (678) (625) (949) Gain on subsidiary's common stock contribution to employee retirement benefit trust -- -- (24,607) -- (Gain) loss on sale and write-down of security investments (312) 57 3,101 (2,667) Deferred income taxes and other 5,003 (723) 415 42,760 Changes in assets and liabilities: Increase in accounts and notes receivable, less allowance (27,748) (23,837) (8,510) (237,162) Decrease in inventories 6,624 9,125 10,403 56,615 Increase in prepaid expenses and other current and noncurrent assets (30,766) (5,199) (4,936) (262,957) Increase in accounts and notes payable and accrued liabilities 42,913 53,553 30,469 366,778 Increase in other current and noncurrent liabilities 40,672 5,202 2,011 347,624 -------------------------------------------------------- Net cash provided by operating activities 147,843 153,275 127,713 1,263,615 CASH FLOWS FROM INVESTING ACTIVITIES: Payments for purchase of property and equipment (62,335) (98,247) (60,668) (532,778) Increase in investments and advances (2,969) (7,557) (5,318) (25,376) Proceeds from sales of security investments 257 545 4,407 2,197 Proceeds from sales of property and equipment 1,993 2,012 6,607 17,034 Proceeds from sale of investments in subsidiary (net) -- 12,029 -- -- Other (6,730) (3,837) (1,282) (57,521) -------------------------------------------------------- Net cash used in investing activities (69,784) (95,055) (56,254) (596,444) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from commercial paper and revolving credit facilities 341,591 349,052 290,304 2,919,581 Payments under commercial paper and revolving credit facilities (352,827) (345,606) (283,556) (3,015,615) Proceeds from issuance of long-term debt 2,812 3,263 1,005 24,034 Repayment of long-term debt (10,139) (11,343) (11,496) (86,658) Payment for redemption of bonds (43,828) -- -- (374,598) Dividends paid (7,533) (7,536) (7,525) (64,385) Dividends paid to minority interests (7,701) (7,160) (6,626) (65,821) Contribution from minority interest of consolidated subsidiary 3,000 16,900 10,600 25,641 Purchase of treasury stock (11,968) (327) -- (102,291) Purchase of subsidiary's treasury stock (53,137) (228) -- (454,162) Other 835 (1,488) 3,291 7,137 -------------------------------------------------------- Net cash used in financing activities (138,895) (4,473) (4,003) (1,187,137)

Thousands of U.S. dollars Millions of yen (Note B) ------------------------------------------------------- 2003 2002 2001 2003 -------------------------------------------------------------------------------------------------------------------------- EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 410 (2,467) 1,853 3,504 ------------------------------------------------------- NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (60,426) 51,280 69,309 (516,462) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 608,975 546,758 551,298 5,204,915 ------------------------------------------------------- CASH AND CASH EQUIVALENTS AT END OF PERIOD 548,549 598,038 620,607 4,688,453 ------------------------------------------------------- SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: Cash paid during the period for: Interest 6,343 6,631 6,825 54,214 Income taxes 35,248 42,238 44,098 301,265 SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING ACTIVITIES: Capital lease obligations for property and equipment 9,554 7,694 9,448 81,658

2003 2002 2001 2003 ---------------------------------------------------------------------------------------------------------------- "Cash and cash equivalents" on consolidated statements of cash flows 548,549 598,038 620,607 4,688,453 "Cash and cash equivalents" on consolidated balance sheets 548,549 598,038 615,414 4,688,453 ---------------------------------------------------- "Cash and cash equivalents" related to Daikuma -- -- 5,193 -- ----------------------------------------------------

Thousands of U.S. dollars Millions of yen (Note B) --------------------------------------------------------------- Business Segments 2003 2002 2001 2003 -------------------------------------------------------------------------------------------------------------------- Revenues from operations: Superstore operations Customers 736,774 744,802 726,136 6,297,213 Intersegment 6,421 6,673 6,555 54,880 --------------------------------------------------------------- Total 743,195 751,475 732,691 6,352,093 Convenience store operations Customers 868,290 824,987 762,335 7,421,282 Intersegment 106 62 23 906 --------------------------------------------------------------- Total 868,396 825,049 762,358 7,422,188 Restaurant operations Customers 63,940 65,258 65,905 546,496 Intersegment 893 876 944 7,632 --------------------------------------------------------------- Total 64,833 66,134 66,849 554,128 Others Customers 17,197 8,973 2,840 146,983 Intersegment 5,647 3,760 3,233 48,265 --------------------------------------------------------------- Total 22,844 12,733 6,073 195,248 Elimination of intersegment revenues (13,067) (11,371) (10,755) (111,683) --------------------------------------------------------------- Consolidated total 1,686,201 1,644,020 1,557,216 14,411,974 --------------------------------------------------------------- Depreciation and amortization: Superstore operations 21,271 21,691 22,618 181,803 Convenience store operations 31,655 31,240 29,257 270,556 Restaurant operations 2,198 1,838 1,877 18,786 Others 3,723 4,024 1,598 31,821 --------------------------------------------------------------- Consolidated total 58,847 58,793 55,350 502,966 --------------------------------------------------------------- Operating income (loss): Superstore operations (4,086) 13,674 129 (34,923) Convenience store operations 95,902 93,863 84,214 819,675 Restaurant operations 1,496 4,217 5,017 12,786 Others (6,841) (9,241) (5,395) (58,470) Elimination of intersegment operating income 10 15 0 86 --------------------------------------------------------------- Consolidated total 86,481 102,528 83,965 739,154 ---------------------------------------------------------------

Thousands of U.S. dollars Millions of yen (Note B) --------------------------------------------------------------- Business Segments 2003 2002 2001 2003 ------------------------------------------------------------------------------------------------------------------------- Interest income: Superstore operations 847 879 988 7,240 Convenience store operations 799 898 1,380 6,829 Restaurant operations 2 4 53 17 Others 0 0 5 - Elimination of intersegment interest income (568) (608) (564) (4,855) --------------------------------------------------------------- Consolidated total 1,080 1,173 1,862 9,231 --------------------------------------------------------------- Interest expense: Superstore operations 1,469 1,161 1,298 12,556 Convenience store operations 6,027 6,294 5,954 51,513 Restaurant operations 10 8 12 85 Others 145 137 46 1,239 Elimination of intersegment interest expense (558) (593) (564) (4,769) --------------------------------------------------------------- Consolidated total 7,093 7,007 6,746 60,624 --------------------------------------------------------------- Segment profit (loss): Superstore operations (4,475) 12,717 21,818 (38,248) Convenience store operations 91,171 86,679 81,173 779,239 Restaurant operations 1,529 4,213 4,301 13,069 Others (6,986) (9,378) (5,436) (59,709) --------------------------------------------------------------- Consolidated income from continuing operations before income taxes 81,239 94,231 101,856 694,351 --------------------------------------------------------------- Assets: Superstore operations 986,495 974,143 1,041,791 8,431,581 Convenience store operations 1,100,322 1,149,097 1,139,849 9,404,461 Restaurant operations 75,715 85,490 84,520 647,137 Others 301,317 169,448 79,013 2,575,359 --------------------------------------------------------------- Total 2,463,849 2,378,178 2,345,173 21,058,538 Corporate assets 33,476 34,806 31,977 286,120 --------------------------------------------------------------- Consolidated total 2,497,325 2,412,984 2,377,150 21,344,658 --------------------------------------------------------------- Unallocated corporate assets consist of investments in affiliates Capital expenditures: Superstore operations 18,368 35,142 9,050 156,991 Convenience store operations 42,532 59,956 45,168 363,521 Restaurant operations 2,276 1,851 1,403 19,453 Others 8,713 8,992 14,495 74,470 --------------------------------------------------------------- Consolidated total 71,889 105,941 70,116 614,435 ---------------------------------------------------------------

Thousands of U.S. dollars Millions of yen (Note B) ------------------------------------------------------------- Products and Services Information 2003 2002 2001 2003 ---------------------------------------------------------------------------------------------------------------------- Revenues from operations: Superstore operations Apparel 189,781 197,480 195,028 1,622,060 Household goods 136,346 140,298 183,064 1,165,350 Foods 382,186 377,428 321,361 3,266,547 ------------------------------------------------------------- Subtotal 708,313 715,206 699,453 6,053,957 Other 34,882 36,269 33,238 298,136 ------------------------------------------------------------- Total 743,195 751,475 732,691 6,352,093 Convenience store operations Merchandise 501,195 496,161 438,629 4,283,718 Gasoline 198,762 167,725 170,308 1,698,821 Franchise fees from domestic franchised stores 164,089 156,990 149,646 1,402,470 Other 4,350 4,173 3,775 37,179 ------------------------------------------------------------- Total 868,396 825,049 762,358 7,422,188 Restaurant operations 64,833 66,134 66,849 554,128 Others 22,844 12,733 6,073 195,248 Elimination (13,067) (11,371) (10,755) (111,683) ------------------------------------------------------------- Consolidated total 1,686,201 1,644,020 1,557,216 14,411,974 -------------------------------------------------------------

Thousands of U.S. dollars Millions of yen (Note B) ------------------------------------------------------- Geographic Information 2003 2002 2001 2003 ------------------------------------------------------------------------------------ Revenues from operations: Japan 1,039,384 1,014,938 976,843 8,883,624 U. S. A. 592,107 578,457 532,630 5,060,743 Other 54,710 50,625 47,743 467,607 ------------------------------------------------------- Consolidated total 1,686,201 1,644,020 1,557,216 14,411,974 ------------------------------------------------------- Long-lived assets: Japan 1,093,229 1,068,819 1,016,652 9,343,838 U. S. A. 347,753 342,350 338,189 2,972,248 Other 19,726 15,096 14,319 168,598 ------------------------------------------------------- Consolidated total 1,460,708 1,426,265 1,369,160 12,484,684 -------------------------------------------------------

--------------------------------------------------------------------------- Price (Yen) --------------------------------------------------------------------------- Calendar Year High Low Close --------------------------------------------------------------------------- 2002 1st Quarter 5,990 4,490 5,160 2nd Quarter 6,960 5,060 6,000 3rd Quarter 6,460 4,480 4,780 4th Quarter 4,560 3,170 3,500 2003 1st Quarter 3,600 3,040 3,200 2nd Quarter 3,380 2,660 2,875 3rd Quarter 4,100 2,845 3,720 * 4th Quarter 4,460 3,730 4,040 ---------------------------------------------------------------------------

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