CREED Corporation:Financial Data

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	8th Term (May 2004)	9th Term (May 2005)	10th Term (May 2006)	11th Term (May 2007)	12th Term (May 2008)
Sales (¥1,000)	10,310,556	12,047,634	22,959,208	40,076,360	42,300,349
Ordinary profit (¥1,000)	1,803,391	2,964,215	6,473,286	8,889,816	7,395,652
Current net profit (¥1,000)	1,041,552	2,133,029	4,167,753	4,641,931	2,774,893
Net assets (¥1,000)	8,181,885	14,141,232	17,887,042	22,178,082	23,104,582
Total assets (¥1,000)	23,064,326	36,980,207	83,914,099	118,147,969	119,620,035
Net assets per share (¥1,000)	112,218.97	84,771.44	106,044.18	132,106.43	137,339.70
Net income per share (basic) (¥1,000)	14,371.40	13,471.20	24,885.98	27,854.40	16,632.19
Not income per share (diluted) (¥1,000)	14,209.26	13,389.93	24,652.81	27,756.78	16,631.7
Shareholders' equity ratio (%)	35.5	38.2	21.2	18.7	19.2
Return on equity (%)	14.1	19.1	26.1	23.3	12.3
Price earnings ratio	31.31	20.27	19.41	11.67	7.46
Cash flow from operating activities (¥1,000)	-3,033,144	-7,976,738	-39,050,774	1,491,849	-7,033,964
Cash flow from investing activities (¥1,000)	-236,478	525,710	-1,691,087	-1,090,885	261,334
Cash flow from financing activities (¥1,000)	2,452,252	9,577,528	40,765,663	3,324,595	4,520,243
Cash and cash equivalents at the end of the term (¥1,000)	2,513,056	4,595,587	4,628,386	8,877,607	6,671,331
Number of employees (Average number of Temporary employees)	93 (10)	128 (6)	180 (6)	244 (8)	284 (63)

Note:

Sales do not include consumption tax or other taxes.
As of January 20,2005, the company implemented a two-for-one stock split. Earnings per share and earnings per share after adjustment of residual shares for the ninth term are calculated as if the stock split had been implemented at the beginning of the term.
"Accounting Standard for Net Assets of Balance Sheet" (The 5th Accounting Standards on December 9, 2005) and "Guidance for the application of Accounting Standard for Net Assets of Balance Sheet" (The 8th Application Principle of the Accounting Standards on December 9, 2005) have been adopted from the tenth term.
"Practical Solution on Application of Control Criteria and Influence Criteria to Investment Associations" (the 20th Solution, September 9, 2006 by Accounting Standards Board of Japan) has been applied from the 11th term.