January 27, 2012

Notice Concerning Revision of Earnings Forecasts for the Full Fiscal Year Ending March 2012

In light of recent business performance trends, UNITED ARROWS LTD. (hereafter "the Company") hereby announces details of a revision to its earnings forecasts for the full fiscal year ending March 2012, previously announced on September 12, 2011.

Earnings forecasts for the full fiscal year ending March 2012 (from April 1, 2011 to march 31, 2012)Consolidated

Non-consolidated

Net sales

(¥ million)

Operating profit

(¥ million)

Ordinary profit

(¥ million)

Net income

(¥ million)

Net income per share

(yen)

Previous forecast (A)

92,076

7,898

7,908

4,296

134.16

Current forecast (B)

94,603

8,749

8,814

4,632

144.65

Change in amount (B-A)

2,526

851

905

335

Change in percentage (%)

2.7

10.8

11.5

7.8

For reference Previous results (Fiscal 2011)

85,090

7,126

7,061

2,919

78.74