Sales 1,706mn Yen YY+34.3% / Ordinary Income 41mn Yen YY+210.6% QTR Results of ValueCommerce...

Sales 1,706mn Yen YY+34.3% / Ordinary Income 41mn Yen YY+210.6% QTR Results of ValueCommerce Co., Ltd. (eol News)

TOKYO--(Business Wire)--
ValueCommerce Co., Ltd. (TOKYO:2491) News:

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Company Name ValueCommerce Co., Ltd.
Company Code (TOKYO:2491)
Market Tokyo Stock Exchange
Section Mothers
Industry Service
Fiscal year end December 31
Announce date May 8, 2008
Category First Quarter
Announce Term January 1, 2008 - March 31, 2008
Consolidated/Non-consolidated Consolidated
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Company Profile

ValueCommerce is an online affiliate marketing company that
strives for global leadership in Internet sales and marketing
services. Increasingly, advertisers are seeking more targeted online
ads, which have given rise to a cost-per-action payment model, rather
than cost-per-click or cost-per-pageview model. Affiliate marketing is
a major part of this move to cost-per-action. In strategic partnership
with Yahoo! JAPAN which owns 42% of the company, ValueCommerce has
developed a network of over 460,000 affiliates. ValueCommerce's key
strategies for growth include: enlarging its scale of services to
continuously lead the affiliate marketing industry; further expansion
of its consulting business; boosting its search engine optimization
services and its search engine marketing services; and promotion of
alliances and M&A. The company listed on Tokyo Stock Exchange Mothers
at the end of July 2006.

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Millions of Yen Growth
Consolidated Earnings Highlights unless otherwise stated
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Sales 1,706 +34.3%
Operating Income 62 +626.5%
Ordinary Income 41 +210.6%
Net Income 40 +135.1%
Earnings Per Share (Yen) 214.93

Consolidated Financial Position
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Total Assets 5,120
Net Assets 3,775
Equity Ratio (%) 73.7
Net Assets per Share (Yen) 19,958.98
Shares Issued at Term-End(Including
Treasury Stock) (shares) 189,160
Treasury Stock at Term-End (shares) 14

Consolidated Cash Flows
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Operating Cash Flow 83
Investing Cash Flow -212
Financing Cash Flow 0
Cash and Equivalents at End-Term 2,690

Non-consolidated Earnings Highlights
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Sales 1,403 +21.6%
Operating Income 67 +193.4%
Ordinary Income 71 +161.6%
Net Income 72 +147.1%
Earnings Per Share (Yen) 383.29

Non-consolidated Financial Position
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Total Assets 5,020
Net Assets 3,810
Equity Ratio (%) 75.9
Net Assets per Share (Yen) 20,144.13
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ValueCommerce Co., Ltd.
Investor Relations
Fax:+81-3-4590-3888
investor_relations@valuecommerce.co.jp

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