Gala Incorporated Expects Extraordinary Loss for Q2 of FY 2012; Amends Consolidated Mid-year and Full-year Guidance for FY 2012

Gala Incorporated announced that it expects JPY 184 million extraordinary loss on impairment of subsidiary, as well as on loss in investment in subsidiary for the second quarter of the fiscal year ending March 31, 2012. The Company has raised the consolidated mid-year forecast for revenue from JPY 2,300 million to JPY 2,342 million, operating profit (loss) from JPY (33 million) to JPY 45 million, ordinary profit (loss) from JPY (25 million) to JPY 81 million, net profit (loss) from JPY (92 million) to JPY (176 million) and earning (loss) per share from JPY (866.05) to JPY (1,665.81) for the fiscal year ending March 31, 2012. The Company has lowered the consolidated full-year forecast for revenue from JPY 5,000 million to JPY 4,588 million, operating profit from JPY 200 million to JPY 108 million, ordinary profit from JPY 200 million to JPY 144 million, net profit (loss) from JPY 100 million to JPY (170 million) and earning (loss) per share from JPY 941.35 to JPY (1,601.75) for the fiscal year ending March 31, 2012.