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1

2

3

4

5

6

7

8

9 Contents

10 FY2011 Highlight

11 Financial Data

12

13 Business Outline Of ZOZOTOWN

14

15 To Overseas Customers

16 Business Outline Of Affiliated Companies

17 About Us

18

19

20 Appendix : Notice of the 14th Annual General Meeting of Shareholders Business Report

21 Business Overview

22

23

24 Stock Information Stock Acquisition Rights

25 Directors and Auditors Independent Auditors

26 The Company s System and Policy

27 Financial Statements

28 Balance Sheets Statements of Income

29 Statements of Changes in Shareholders Equity

30 Notes to Financial Statements

31

32 Consolidated Financial Statements

33 Consolidated Balance Sheets Consolidated Statements of Income

34 Consolidated Statements of Changes in Shareholders Equity

35 Consolidated Notes to Financial Statements

36

37

38 Auditors Report

39 Independent Auditors Report

40 Independent Auditors Report

41 Audit Report

42 Company Profile Information

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