SEVEN SEAS TECH WORKS CO., LTD Expects Extraordinary Losses and Lowers Consolidated Full-year Outlook for FY Ended February 2012

SEVEN SEAS TECH WORKS CO., LTD announced that it expects to record JPY 181 million impairment loss, JPY 25 million loss on valuation of inventories, JPY 2 million loss on store moving and JPY 1 million loss on retirement of fixed assets as extraordinary losses for the fiscal year ended February 29, 2012. Therefore, the Company lowered its consolidated full-year outlook for revenue from JPY 4,500 million to JPY 3,900 million, operating profit (loss) from JPY 10 million to JPY (120 million), ordinary profit (loss) from JPY 35 million to JPY (90 million) and net profit (loss) from JPY 0 million to JPY (340 million) for the fiscal year ended February 29, 2012. This is also due to the decreased sale of system solution and media solution businesses.