■Results of Store Openings for the Year Ended March 31, 2008

◇Total number of store-openings from April 1, 2007 to March 31, 2008 (unit: store) store closure relocation, renewal Total business units new store (inc.business / enlargement at month end separation) UNITED ARROWS 02170 UNITED ARROWS (New) 4090 BEAUTY&YOUTH UNITED ARROWS 4080 UNITED ARROWS Label Image Store 1040 green label relaxing 90362 GLR new type stores 0230 CHROME HEARTS 2050 S.B.U. and UA Labs 142 6 46 1st half 213 1 124 2nd half 13 1 9 128 End of FY 34 4 10 128 * UNITED ARROWS･･･UNITED ARROWS, UNITED ARROWS(New) and BEAUTY&YOUTH UNITED ARROWS * In FY2007, UNITED ARROWS business separated business into 2 store brands by closing and renovating existing stores: UNITED ARROWS(New) and BEAUTY &YOUTH UNITED ARROWS. * UNITED ARROWS Label Image Store･･･THE SOVEREIGN HOUSE, District UNITED ARROWS and Cath Kidston * GLR new type stores･･･ODONATA green label relaxing and FACADE GREEN green label relaxing * S.B.U. ( Small Business Units )･･･Another Edition, Jewel Changes, Odette é Odile UNITED ARROWS, DRAWER, DARJEELING DAYS, Disney Loved By Nature for UNITED ARROWS and SOUNDS GOOD. * UA Labs･･･TOKISHIRAZU and Liquor,woman&tears

◇Details for store-openings per month

Month relocation, renewal, enlargement Date Store name Location

Mar New store Mar 7 BEAUTY&YOUTH UNITED ARROWS SHINJUKU WOMEN'S STORE B2F, LUMINE EST SHINJUKU, 3-38-1 Shinjuku, Shinjuku-ku, New store Mar 7 UNITED ARROWS YOKOHAMA Cath Kidston Selection 2F, LUMINE Yokohama, 2-16-1 Takashima, Nishi-ku, Yokohama-shi, Kanagawa New store（※4） Mar 25 CHROME HEARTS 1F, Lachic, 3-6-1 Sakae, Naka-ku, Nagoya-shi, Aichi Store closure Mar 30 UNITED ARROWS SHIBUYA MEIJIDORI 6-16-13 Jingumae, Shibuya-ku, Tokyo Store closure Mar 30 UNITED ARROWS SHIBUYA KOENDORI 1-20-11 Jinnan, Shibuya-ku, Tokyo Store closure（※5） Mar 31 Disney Loved By Nature for UNITED ARROWS LaLaport Yokohama 1F LaLaport YOKOHAMA, 4035-1 Ikonobe-cho, Tsuzuki-ku, Yokohama-shi, Kanagawa FebNew store Feb 29 CHROME HEARTS 2F East building Elgala, DAIMARU FUKUOKA TENJIN, 1-4-1 Tenjin, Chuo-ku, Fukuoka-shi, Fukuoka Store closure Feb 11 FACADE GREEN green label relaxing Matsuya Ginza 2F, GINZA MATSUYA, 3-6-1, Ginza, Chuo-ku, Tokyo Store closure Feb 3 DARJEELING DAYS MARUNOUCHI 1F Sanshi Kaikan, 1-9-4 Yurakucho, Chiyoda-ku, Tokyo Store closure Feb 5 DARJEELING DAYS UMEDA HANSHIN 5F HANSHIN DEPARTMENT STORE, Umeda, Kita-ku,-shi, Osaka Store closure Feb 11 DARJEELING DAYS NAGOYA 5F, Mitsukoshi Nagoya Sakae Store, 3-5-1 Sakae, Naka-ku, Nagoya-shi, Aichi JanNew store Jan 31 united arrows green label relaxing fukuoka 3F IMS, 1-7-11 Tenjin, Chuo-ku, Fukuoka-shi, Fukuoka Store closure Jan 29 DARJEELING DAYS SHINJUKU 7F SHINJUKU ODAKYU DEPARTMENT STORE, 1-1-3 Nishishinjuku, Shinjuku-ku, Tokyo Store closure （※3） Jan 31 FACADE GREEN green label relaxing Shinjuku Myload 2F ODAKYU SHINJUKU MYLOAD, 1-1-3 Nishi-Shinjuku, Shinjuku-ku, Tokyo Store closure （※3） Jan 31 Disney Loved By Nature for UNITED ARROWS JIYUGAOKA 1F Jiyugaoka Concord 2-9-24 Jiyugaoka, Meguro-ku, Tokyo Dec None NovNew store Nov 9 united arrows green label relaxing yokohama sotetsu joinus 2F SOTETSU JOINUS, 1-5-1 Minamisaiwai, Nishi-ku, Yokohama-shi, Kanagawa OctNew store Oct 14 UNITED ARROWS(New) OMIYA 2F WEST ANNEX, LUMINE2, LUMINE OMIYA, 630 Nishiki-cho, Omiyaku, Saitama-shi, Saitama New store Oct 14 BEAUTY&YOUTH UNITED ARROWS OMIYA 2F WEST ANNEX, LUMINE2, LUMINE OMIYA, 630 Nishiki-cho, Omiyaku, Saitama-shi, Saitama New store Oct 4 united arrows green label relaxing abeno 2F Hoop, 1-2-30 Abenosuji, Abeno-ku, Osaka-shi, Osaka New store Oct 10 united arrows green label relaxing urawa 1F Urawa PARCO, 11-1 Higashitakasago-cho, Urawa-ku, Saitama-shi, Saitama New store Oct 12 Another Edition Yurakucho 2F YURAKUCHO MARUI, 2-7-1 Yurakucho, Chiyoda-ku, Tokyo New store Oct 11 Jewel Changes GINZA 2F MODE, PRINTEMPS GINZA, 3-2-1 Ginza, Chuo-ku, Tokyo New store Oct 3 Odette é Odile UNITED ARROWS kyoto B1F, SHIJO KAWARAMACHI HANKYU, 68, Shin-cho, Shijo-dori Kawara-machi, Higashi Iru, Shimogyo-ku, Kyoto-shi, Kyoto New store Oct 26 SOUNDS GOOD HARAJUKU SOUNDS GOOD BUILDING, 6-8-5 Jingumae, Shibuya-ku, Tokyo Relocation （※2） Oct 5 united arrows green label relaxing machida tokyu twins 3F EAST, MACHIDA TOKYU TWINS, 6-4-1 Haramachida, Machidashi, Tokyo SepNew store Sep 1 UNITED ARROWS(New) GINZA #B101b-101, B1-1F MARRONNIER GATE, 2-2-14 Ginza, Chuo-ku, Tokyo New store Sep 7 UNITED ARROWS(New) ROPPONGI MEN'S STORE 2F WESTWALK, ROPPONGI HILLS, C6-10-3, Roppongi, Minato-ku, Tokyo New store （※１） Sep 14 UNITED ARROWS KYOTO 7th Club 7F Fujii Daimaru, 605 Teianmaeno-cho, Teramachi-dori Shijo-sagaru, Shimogyo-ku, Kyoto-shi, Kyoto New store Sep 10 BEAUTY&YOUTH UNITED ARROWS MACHIDA 3F LUMINE MACHIDA, 6-1-11, Haramachida, Machida-shi, Tokyo New store Sep 7 Cath Kidston NAGOYA 4F Lachic, 3-6-1,Sakae, Naka-ku, Nagoya-shi, Aichi New store Sep 4 united arrows green label relaxing ueno #6051, 1F atré Ueno, 7-1-1, Ueno, Taito-ku, Tokyo New store Sep 7 united arrows green label relaxing hoshigaoka 1-2F, EAST, Hoshigaoka Terrace, 16-50, Hoshigaoka-Motomachi, Chikusa-ku, Nagoya-shi, Aichi New store Sep 7 united arrows green label relaxing kagoshima 1F AMU PLAZA KAGOSHIMA, 1-1 Chuo-cho, Kagoshima-shi, Kagoshima New store Sep 12 united arrows green label relaxing hiroshima 1F pacela, 6-78 Motomachi, Naka-ku, Hiroshima-shi, Hiroshima New store Sep 14 united arrows green label relaxing nagasaki 2F AＭU PLAZA NAGASAKI, 1-1 Onouemachi, Nagasaki-shi, Nagasaki New store Sep 20 Another Edition Shinsaibashi 1F SHINSAIBASHI OPA KIREIKAN, 1-9-2, Nishishinsaibashi, Chuo-ku, Osaka-shi, Osaka New store Sep 14 Jewel Changes NAGOYA PARCO 1F WEST, Nagoya PARCO, 3-29-1, Sakae, Naka-ku, Nagoya-shi, Aichi New store Sep 1 Odette é Odile UNITED ARROWS ginza #B101, B1F MARRONNIER GATE, 2-2-14 Ginza, Chuo-ku, Tokyo New store Sep 10 Odette é Odile UNITED ARROWS machida 2F, LUMINE MACHIDA, 6-1-11 Haramachida, Machida-shi, Tokyo New store Sep 20 OSAKA TOKISHIRAZU 1F SHINSAIBASHI OPA KIREIKAN, 1-9-2, Nishishinsaibashi, Chuo-ku, Osaka-shi, Osaka New store Sep 12 SOUNDS GOOD SHINJUKU 4F, LUMINE Shinjuku LUMINEⅡ, 3-38-2, Shinjuku, Shinjuku-ku, Tokyo AugNew store Aug 17 Beauty&Youth UNITED ARROWS SHIIBUYA CAT STREET 1F 5-17-9 Jingumae, Shibuya-ku, Tokyo Partial renewal Aug 29 united arrows green label relaxing ikspiari Ikspiari 1-4 Maihama, Urayasu-shi, Chiba Renewal Aug 31 Another Edition Shinjuku Flags 4F Flags, 3-37-1 Shinjuku, Shinjuku-ku, Tokyo Renewal Aug 23 Odette é Odile UNITED ARROWS nagoya parco 2F WEST, Nagoya PARCO3-29-1, Sakae, Naka-ku, Nagoya-shi, Aichi Jul None Jun New store Jun 28 HARAJUKU TOKISIRAZU 1F Harajuku 80 building, 4-31-16, Jingumae, Shibuya-ku Tokyo MayStore closure May 27 SHIBUYA TOKISIRAZU 1F 5-17-9 Jingumae, Shibuya-ku Tokyo Apr New store Apr 27 UNITED ARROWS(New) MARUNOUCHI 1F SHIN-MARUNOUCHI BUILDING, 1-5-1 Marunouchi, Chiyoda-Ku, Tokyo 2007New store Apr 27 Odette é Odile UNITED ARROWS marunouchi 3F SHIN-MARUNOUCHI BUILDING, 1-5-1 Marunouchi, Chiyoda-Ku, Tokyo New store Apr 27 Odette é Odile UNITED ARROWS nagoya lachic 3F Lachic, 3-6-1 Sakae, Naka-ku, Nagoya-shi, Aichi New store Apr 20 NAGOYA TOKISHIRAZU 3F EAST, Nagoya PARCO, 3-29-1 Sakae, Naka-ku, Nagoya-shi, Aichi * Date of Store closure indicates the day when ended the store operatings. *1 "UNITED ARROWS KYOTO 7th Club "is an annex of "UNITED ARROWS KYOTO"store and is not included in the accumulated number of stores. *2 united arrows green label relaxing machida tokyu twins store removed (from LUMINE MACHIDA to MACHIDA TOKYU TWINS) and changed the store name (from "machida" to "machida tokyu twins"). *3 "FACADE GREEN green label relaxing Shinjuku Myload" and "Disney Loved By Nature for UNITED ARROWS JIYUGAOKA" ended store operation on 31January, 2008. As they were closed on the last day of the month, they were counted in the total number of stores at end of the January. *4 "UNITED ARROWS YOKOHAMA Cath Kidston Selection "is an annex of "UNITED ARROWS YOKOHAMA"store and is not included in the accumulated number of stores. *3 "Disney Loved By Nature for UNITED ARROWS LaLaport Yokohama" ended store operation on 31March, 2008. As they were closed on the last day of the month, they were counted in the total number of stores at end of the March.