Liberty Global 8-K Results of Operations and Financial Condition

Exhibit 99.1

Jupiter Telecommunications Co., Ltd.

(Translation from Japanese disclosure to JASDAQ)

April 26, 2006
[U.S. GAAP]

Consolidated Quarterly Financial Results Release

For the Three Months Ended March 31, 2006

Jupiter Telecommunications Co., Ltd. (Consolidated)

Company code number: 4817 (URL http://www.jcom.co.jp/)

Shares traded: JASDAQ

Location of headquarters: Tokyo

Executive position of legal representative: Tomoyuki Moriizumi, Chief Executive Officer

Please address all communications to:

Koji Kobayashi,       IR Department                 Phone: +81-3-6765-8158 E-Mail: KobayashiKo@jupiter.jcom.co.jp

Hiroto Motomiya, Accounting Controlling   Phone: +81-3-6765-8140 E-Mail: MotomiyaH@jupiter.jcom.co.jp

1. Accounting Policy

(1	)	Adoption of any simplified accounting method	: No
(2	)	Accounting policy or method change from last reporting period	: No
(3	)	Changes of consolidated companies	: Yes

Nos. of consolidated subsidiaries as of March 31, 2006: 22 (increased by 2 from Dec.31, 2005)
Nos. of consolidated affiliates (equity method) as of March 31, 2006: 6 (decreased by 1 from Dec.31, 2005)

2. Consolidated operating results (From January 1, 2006 to March 31, 2006)

(1) Consolidated financial results

(In millions of yen, with fractional amounts rounded)
	Revenue				Operating income				Income before income taxes
	(Millions of yen)		%		(Millions of yen)		%		(Millions of yen)		%
March 31, 2006		51,121		20.4		7,641		14.4		7,025		41.7
March 31, 2005		42,462		10.8		6,678		10.8		4,959		25.3
[Ref] December 31, 2005		183,144		13.5		24,475		8.3		16,748		32.1

	Net income					Net income per share		Net income per share, (diluted)
	(Millions of yen)		%			(Yen)		(Yen)
March 31, 2006		4,370		30.4			686.66		685.61
March 31, 2005		3,351		(13.4	)		636.25		635.90
[Ref] December 31, 2005		19,333		78.7			3,178.95		3,168.81

(Notes)

1. The percentages shown next to revenue, operating income, income before income taxes and net income represent year-on-year changes.

2. Average number of outstanding shares during term (consolidated):

Basic
For the three months ended March 31, 2006:	6,364,800 shares
For the three months ended March 31, 2005:	5,267,353 shares
For the fiscal year ended December 31, 2005:	6,081,511 shares
Diluted
For the three months ended March 31, 2006:	6,374,556 shares
For the three months ended March 31, 2005:	5,270,212 shares
For the fiscal year ended December 31, 2005:	6,100,971 shares

1

Jupiter Telecommunications Co., Ltd.

3. For annual forecast 2006, there is no change from the last disclosure on January 30, 2006.

(2) Consolidated financial position

					Equity capital ratio to		Shareholders’ equity
	Total assets		Shareholders’ equity		total assets		per share
	(Millions of yen)		(Millions of yen)		%		(Yen)
March 31, 2006		521,028		256,574		49.2		40,307.09
December 31, 2005		516,457		251,445		48.7		39,511.48

(Notes)

1. As for comparing figures of balance sheet items, we always compare that of first quarter end with that of last fiscal year end.

2. Number of outstanding shares at end of term (consolidated):

As of March 31, 2006:	6,365,489 shares
As of December 31, 2005:	6,363,840 shares

(3) Consolidated cash flow statement

	Cash flows from operating		Cash flows from investing			Cash flows from financing			Balance of cash & cash
	activities		activities			activities			equivalents
	(Millions of yen)		(Millions of yen)			(Millions of yen)			(Millions of yen)
March 31, 2006		15,280		(10,161	)		(2,889	)		37,513
March 31, 2005		12,575		(10,839	)		29,081			41,237

2

Jupiter Telecommunications Co., Ltd.

3. Business Results and Financial Conditions

(1) Business Results (comparisons are year-on-year)

The business condition surrounding the Jupiter Telecommunications consolidated group (J:COM group) further intensified as the result of the fusion of the broadcasting and communications industries progressing. During the three months ended March 31, 2006, the J:COM group steadily carried out its growth strategy of “Volume plus Value” which is to pursue increases in the number of customers served (expanding volume) while increasing the average monthly revenue per customer (increasing value).

In terms of volume strategy, the J:COM group strengthened it’s sales and marketing capabilities, while continuing to actively promote bulk contracts with MDUs, called “J:COM IN THE ROOM,” promising product to convert MDUs into a stable revenue source. In January this year, the group started to provide a service package centering on high-speed Internet access and telephony, developed especially for approximately 200,000 small and home offices (SOHO) within the group’s service areas. Furthermore, the J:COM group entered into an agreement in March with AEON Co., Ltd., Japan’s largest GMS (General Merchandising Store) chain to proactively engage in joint marketing and promotional efforts for certain products and services. Through these strategic measures, the group endeavored to develop new customer bases within our service areas. The J:COM group also concentrated resources on extending its network in order to increase the number of homes passed (“homes passed” refers to the number of households that can be connected through lines that have been laid for cable television, high-speed Internet access and telephony). In addition, on January 10, the group, acquired 81.00% of the shares outstanding of Rokko Island Cable Vision Co., Ltd., which operates in areas close to its own stations in the Kansai region. Equity-based alliances and acquisitions of companies other than cable television operators are also viewed as an important strategy for the J:COM group. On January 6, 2006, the Company increased its stake of outstanding shares issued by Kansai Multimedia Service Co., Ltd. from 25.75% to 64.00%, which operates Internet Services Provider (ISP) in the Kansai region. Consequently, Kansai Multimedia Service was made a consolidated subsidiary of the company. Together with the acquisition of @NetHome Co., Ltd., the Company has acquired control of two major ISPs for cable system operators. Looking ahead, the Company will seek to increase its synergies for content development and existing businesses, in addition to further strengthening its foundation for business.

As to value strategy, with the aim of increasing ARPU (average revenue per customer) and reducing churn rates, the J:COM group promotes bundled services, in which the three services provided by the J:COM group (J:COM TV, J:COM NET, and J:COM PHONE) are combined into a single package. The J:COM group also promotes subscription to J:COM TV Digital service and the shift to the digital services from analog service, while strengthening its sales and marketing activities for a new Internet access service called “J:COM NET Hikari” with access speed of up to 100Mbps to residents of MDUs. In March this year, in alliance with WILLCOM, Inc., the J:COM group started to offer mobile phone service, J:COM MOBILE powered by WILLCOM, the fourth service. Furthermore, the group established two new call centers in Sapporo and Fukuoka, each responsible for outbound calls to existing subscribers. The call centers strive to raise customer satisfaction, boost ARPU and lower churn rates through conducting fact-finding inquiries on customer satisfaction and introducing services based on tastes of each subscriber.

3

Jupiter Telecommunications Co., Ltd.

As a result of “Volume plus Value” strategy, customers connected of our Consolidated Group has increased by 230,000 (13%) to 2,025,000 as of March 31, 2006. Breakdown per services are as follows: cable TV increased by 176,200 (12%) to 1,696,100 households, their of digital services are 685,100 households which is 385,800 (129%) increase compared to March 31, 2005 and occupy 40% of cable TV. High-speed Internet access and telephony services, increased by 150,000 (20%) to 884,000 and by 187,400 (25%) to 949,800 households, respectively. The RGU per customer also increased, standing at 1.74 compared to 1.68 as of the end of the March 2005.

As a result of subscriber growth and the effect of acquisitions, subscription fees increased by 20% (by ¥7,638 million) to ¥45,738 million. Other revenue increased by 23% (by ¥1,021 million) to ¥5,383 million for the three months ended March 31, 2006. This increase was primarily attributable to a ¥249 million increase in poor reception compensation revenue, and other revenues, including advertising, program production, commission and sales made to our unconsolidated managed franchises for construction materials and other services, also increased. As a result, total revenue increased by 20% (by ¥8,659 million) to ¥51,121 million.

Operating and programming costs increased by 24% (by ¥3,985 million) to ¥20,832 million. The increase was primarily the result of an increase in programming costs associated with the increase in the number of cable television subscribers, an increase in access charges, an increase in wages and employee related costs, an increase in digital cost, and the effect of acquisitions.

Selling, general and administrative expenses increased by 27 % (by ¥2,157 million) to ¥10,164 million. The increase was primarily attributable to an increase in sales related headcount and associated labor costs, an increase in advertising and marketing expense, and the effect of acquisitions. Stock compensation expense decreased by 89% (by ¥858 million) to ¥102 million. In January 2006 the Company adopted the provisions of Statement of Financial Accounting Standards No. 123(R), Share Based Payment (SFAS No. 123R) applying the modified prospective method. The adoption of SFAS No. 123R primarily resulted in a change in our method of recognizing share-based compensation and estimating forfeitures for all unvested awards.

Depreciation and amortization expenses increased by 24% (by ¥2,412 million) to ¥12,382 million. The increase was primarily attributable to additions to the fixed assets related to the installation of services to new customer, the expansion and upgrade of our network, and the effect of acquisitions. As a result, operating income increased by 14% (by ¥963 million) to ¥7,641 million.

Interest expense, net decreased by 69% (by ¥1,257 million) to ¥573 million. This decrease is primarily due to the reduced margins under the current bank facility, and repayment of our ¥50 billion subordinated loan facility in March 2005.

Income before income taxes increased by 42% (by ¥2,066 million) to ¥7,025 million, and Net income for the three months ended March 31, 2006, increased by 30% (by ¥1,019 million) to ¥4,370 million for the reasons set forth above.

4

Jupiter Telecommunications Co., Ltd.

(2) Financial situation

For the three months ended March 31, 2006, our cash and cash equivalents increased by 6% (by ¥2,230 million) to ¥37,513 million

The following is a summary of cash flow during the period ended March 31, 2006.

Cash Flows from Operating Activities

Net cash provided by operating activities was ¥15,280 million for the three months ended March 31, 2006, compared to ¥12,575 million the three months ended March 31, 2005, or an increase of ¥2,705 million. The increase was primarily the result of a ¥2,518 million increase in operating income before depreciation, amortization and non-cash stock compensation charges.

Cash Flows from Investing Activities

Net cash used in investing activities was ¥10,161 million for the three months ended March 31, 2006, compared to ¥10,839 million for the three months ended March 31, 2005, a decrease of ¥678 million. The decrease was primarily attributable to a net ¥2,614 million decrease in cash paid for acquisitions of new subsidiaries and minority interests, a ¥611 million decrease in other investing activities, partially offset by a ¥2,458 million increase in capital expenditures.

Cash Flows from Financing Activities

Net cash used in financing activities was ¥2,889 million for the three months ended March 31, 2006, compared to net cash provided by financing activities of ¥29,081 million for the three months ended March 31, 2005. The net cash used in the three months ended March 31, 2006 primarily consisted of ¥3,226 million in principal payment of capital leases, offset by a ¥711 million net proceeds from long-term debt. The net cash provided by financing activities for the three months ended March 31, 2005 consisted primarily of ¥82 billion of net proceeds received from our IPO, offset by a ¥50 billion repayment of a subordinated loan facility.

(3) Forecasts for the year ending December 2006

There is no change to our forecast in this quarter.
 

(Cautionary note regarding future-related information)

The forecasts contained in this report have been prepared on the basis of information that is currently available. Because such estimates are inherently very uncertain, actual results may differ from the forecasts. The Company does not guarantee that it will achieve these estimated results and advises readers to refrain from depending solely on these forecasts. Readers should also note that the Company is under no obligation to revise this information on a regular basis.

5

Jupiter Telecommunications Co., Ltd.

Consolidated Financial Statements

JUPITER TELECOMMUNICATIONS CO., LTD.
AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

	(YEN IN MILLIONS, EXCEPT SHARE AND PER SHARE AMOUNTS)
	Three months			Three months ended									12 months ended
Account	ended March 31, 2006			March 31, 2005			Change						Dec. 31, 2005
	Amount			Amount			Amount			(%)			Amount
Revenue:
Subscription fees		45,738			38,100			7,638			20.0			163,378
Other		5,383			4,362			1,021			23.4			19,766
		51,121			42,462			8,659			20.4			183,144
Operating costs and expenses
Operating and programming costs		(20,832	)		(16,847	)		(3,985	)		(23.6	)		(76,133	)
Selling, general and administrative		(10,164	)		(8,007	)		(2,157	)		(26.9	)		(36,988	)
Stock compensation		(102	)		(960	)		858			89.4			(2,210	)
Depreciation and amortization		(12,382	)		(9,970	)		(2,412	)		(24.2	)		(43,338	)
		(43,480	)		(35,784	)		(7,696	)		(21.5	)		(158,669	)
Operating income		7,641			6,678			963			14.4			24,475
Other income (expenses):
Interest expense, net:
Related parties		(272	)		(251	)		(21	)		(8.3	)		(988	)
Other		(301	)		(1,579	)		1,278			80.9			(6,715	)
Other income, net		104			170			(66	)		(38.4	)		322
Income (loss) before income taxes and other items		7,172			5,018			2,154			43.0			17,094
Equity in earnings of affiliates		104			86			18			20.4			651
Minority interest in net income of consolidated subsidiaries		(251	)		(145	)		(106	)		(73.9	)		(997	)
Income before income taxes		7,025			4,959			2,066			41.7			16,748
Income tax (expense)/benefit		(2,655	)		(1,608	)		(1,047	)		(65.2	)		3,071
Income before cumulative effect of accounting change		4,370			3,351			1,019			30.4			19,819
Cumulative effect of accounting change		—			—			—			—			(486	)
Net income		4,370			3,351			1,019			30.4			19,333
Per Share data
Income before cumulative effect of accounting change per share — basic		686.66			636.25			50.41			7.9			3,258.96
Income before cumulative effect of accounting change per share — diluted		685.61			635.90			49.71			7.8			3,248.57
Cumulative effect of accounting change per share — basic		—			—			—			—			(80.02	)
Cumulative effect of accounting change per share — diluted		—			—			—			—			(79.76	)
Net income per share — basic		686.66			636.25			50.41			7.9			3,178.95
Net income per share — diluted		685.61			635.90			49.71			7.8			3,168.81
Weighted average number of ordinary shares outstanding — basic		6,364,800			5,267,353			1,097,447			20.8			6,081,511
Weighted average number of ordinary shares outstanding — diluted		6,374,556			5,270,212			1,104,344			21.0			6,100,971

(Note)        Percentages are calculated based on amounts before rounded in Change column.

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Jupiter Telecommunications Co., Ltd.

JUPITER TELECOMMUNICATIONS CO., LTD.
AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(YEN IN MILLIONS)
Account	March 31, 2006			December 31, 2005			Change
	Amount			Amount			Amount
Current assets:
Cash and cash equivalents		37,513			35,283			2,230
Accounts receivable		11,255			10,754			501
Allowance for doubtful accounts		(336	)		(285	)		(51	)
Prepaid expenses and other current assets		12,668			13,454			(786	)
Total current assets		61,100			59,206			1,894
Investments:
Investments in affiliates		4,405			5,155			(750	)
Investments in other securities, at cost		2,889			2,890			(1	)
		7,294			8,045			(751	)
Property and equipment, at cost:
Land		2,319			1,796			523
Distribution system and equipment		406,665			395,738			10,927
Support equipment and buildings		24,437			28,246			(3,809	)
		433,421			425,780			7,641
Less accumulated depreciation		(150,989	)		(144,080	)		(6,909	)
		282,432			281,700			732
Other assets:
Goodwill		151,262			150,030			1,232
Other		18,940			17,476			1,464
		170,202			167,506			2,696
		521,028			516,457			4,571

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Jupiter Telecommunications Co., Ltd.

Account	March 31, 2006			December 31, 2005			Change
	Amount			Amount			Amount
Current liabilities:
Short-term loans		2,000			2,000			—
Long-term debt—current portion		12,899			11,508			1,391
Capital lease obligations—current portion
Related parties		9,589			9,253			336
Other		1,003			1,299			(296	)
Accounts payable		17,775			19,855			(2,080	)
Accrued expenses and other liabilities		10,882			10,236			646
Total current liabilities		54,148			54,151			(3	)
Long-term debt, less current portion		132,415			133,096			(681	)
Capital lease obligations, less current portion:
Related parties		25,643			25,292			351
Other		2,547			2,679			(132	)
Deferred revenue		43,757			44,346			(589	)
Severance and retirement allowance		36			94			(58	)
Redeemable preferred stock of consolidated subsidiary		500			500			—
Other liabilities		1,586			1,564			22
Total liabilities		260,632			261,722			(1,090	)
Minority interests		3,822			3,290			532
Shareholders’ equity:
Ordinary shares no par value		114,547			114,481			66
Additional paid-in capital		195,391			195,219			172
Accumulated deficit		(53,983	)		(58,353	)		4,370
Accumulated other comprehensive income/(loss)		619			98			521
Treasury stock		(0	)		(0	)		—
Total shareholders’ equity		256,574			251,445			5,129
		521,028			516,457			4,571

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Jupiter Telecommunications Co., Ltd.

JUPITER TELECOMMUNICATIONS CO., LTD.
AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(YEN IN MILLIONS)
	Three months ended			Three months ended			12 months ended
	March 31, 2006			March 31, 2005			Dec. 31, 2005
Classification	Amount			Amount			Amount
Cash flows from operating activities:
Net income (loss)		4,370			3,351			19,333
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization		12,382			9,970			43,338
Equity in earnings of affiliates		(104	)		(86	)		(651	)
Minority interest in net income of consolidated subsidiaries		251			145			997
Stock compensation expenses		102			960			2,210
Deferred income taxes		1,356			680			(5,257	)
Cumulative effect of accounting change		—			—			486
Changes in operating assets and liabilities, excluding effects of business combinations:
(Increase)/decrease in accounts receivable, net		352			871			(974	)
(Increase)/decrease in prepaid expenses and other current assets		(668	)		73			(1,499	)
Decrease in other assets		230			91			2,810
Increase/(decrease) in accounts payable		(2,278	)		(4,002	)		4,955
Increase/(decrease) in accrued expenses and other liabilities		(43	)		507			(335	)
Increase/(decrease) in provision for retirement allowance		(81	)		90			(2,676	)
Decrease in deferred revenue		(589	)		(75	)		(1,974	)
Net cash provided by operating activities		15,280			12,575			60,763
Cash flows from investing activities:
Capital expenditures		(9,036	)		(6,578	)		(38,405	)
Acquisition of new subsidiaries, net of cash acquired		(688	)		(4,234	)		(12,049	)
Investments in and advances to affiliates		(30	)		60			140
Acquisition of minority interest in consolidated subsidiaries		(1,147	)		(215	)		(4,905	)
Other investing activities		740			128			(2,011	)
Net cash used in investing activities		(10,161	)		(10,839	)		(57,230	)

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Jupiter Telecommunications Co., Ltd.

(YEN IN MILLIONS)
	Three months ended			Three months ended			12 months ended
	March 31, 2006			March 31, 2005			Dec. 31, 2005
Classification	Amount			Amount			Amount
Cash flows from financing activities:
Proceeds from issuance of common stock		135			82,058			91,420
Net increase in short-term loans		—			9			1,750
Proceeds from long-term debt		3,339			1,425			126,904
Principal payments of long-term debt		(2,628	)		(51,418	)		(187,542	)
Principal payments under capital lease obligations		(3,226	)		(2,993	)		(11,970	)
Other financing activities		(509	)		—			768
Net cash provided by (used in) financing activities		(2,889	)		29,081			21,330
Net increase in cash and cash equivalents		2,230			30,817			24,863
Cash and cash equivalents at beginning of year		35,283			10,420			10,420
Cash and cash equivalents at end of term		37,513			41,237			35,283

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Jupiter Telecommunications Co., Ltd.

Segment Information

(1)	Operating segments
	The Jupiter Telecommunications Group (the Company and its consolidated subsidiaries) has determined it has one reportable segment “Broadband services”. Therefore, information on operating segments are omitted in this section.
(2)	Segment information by region
	Because the Company does not have any overseas subsidiaries or branches, this section is not applicable.

11

Highlight of 2006 Q1 (1/2)

April 26, 2006
Jupiter Telecommunications Co., Ltd.
Unit: Yen in 100 million(rounding in 10 million yen)

												Estimate for
	3 months			3 months								the year
	ended Mar.			ended Mar.			Change					ending Dec.
P/L	31, '06			31, '05			Amount		%			31, 2006		Progress (%)			Explanation of changes
Revenue:
Subscription fee		457			381			76		20	%						Revenue breakdown: CableTV 237(+37, or +18%), HS Internet 137(+26, or +24%), Telephony 84(+14, or+19%)
Other		54			44			10		23	%
Total		511			425			87		20	%		2,200		23	%
Operating costs and expenses:
Operating & programming costs		208			168			40		24	%						In line with an increase in RGU, program purchase cost, telephone cost, digital related cost and others increased.
Selling, general & administrative		102			80			22		27	%						Increase in sales related headcount and associated labor costs and other office overhead associated with providing customer service, and an increase in advertising and marketing expense, etc
Stock compensation		1			10			r 9		r 89	%
Depreciation & amortization		124			100			24		24	%						Increase in installation equipments, and the expansion of network
Operating income		76			67			10		14	%		315		24	%
Other income(expense):
Interest expense, net		6			18			r 13		r 69	%						Debt repayment of 500 in March 05, significant decrease in interest rates as a result of refinancing in Dec 2005 and reduced bank fee amortization.
Other income(expense), net		1			2			r 1		r 38	%
Income before tax, equity, minority		72			50			22		43	%
Equity in earnings of affiliates		1			1			0		20	%
Minority interest in net income		r 3			r 1			r 1		74	%
Income before income taxes		70			50			21		42	%		270		26	%
Income taxes & Other		27			16			10		65	%
Net income		44			34			10		30	%		185		24	%
OCF *1		201			176			25		14	%
Margin		39.4	%		41.5	%		2.1		—

*1: OCF (Operating Cash Flow=Revenue — Operating & programming costs — Selling, general & administrative expenses):

	As of Mar.			As of Dec.
Assets and Liabilities	31, '06			31, '05			Change
Total Assets		5,210			5,165			46
Equity		2,566			2,514			51
Equity capital ratio to total assets		49	%		49	%		0
Debt (including capital lease obligations)		1,861			1,851			10
Net Debt		1,486			1,498			r 13
D/E Ratio (Net)		0.58			0.60			0.02

	3 months		3 months
	ended Mar.		ended Mar.
Cash Flows	31, '06		31, '05		Explanation of changes
Cash provided by operating activities		153		126	OCF(201)
Cash used in investing activities		r 102		r 108	Capital expenditure(90), and Acquisition of new subsidiaries and MI purchases(11)
Free Cash Flow		33		30	(Cash provided by operating activities 153) - (Capital expenditure incl. Capital lease 119)
Cash generated from financing activities		r 29		291	Proceed from long-term debt(+33), Principal payment of long-term debt and capital lease(-59)
Increase(decrease) of cash		22		308

	3 months		3 months
	ended Mar.		ended Mar.		Change
Capital Expenditure	31, '06		31, '05		Amount		%
Capital expenditures		90		66		25		37	%
Capital lease expenditure		29		31		r 2		r 6	%
Total		119		97		23		23	%

(Cautionary note regarding future-related information)
The forecasts contained in this report have been prepared on the basis of information that is currently available. Because such estimates are inherently very uncertain, actual results may differ from the forecasts. The Company does not guarantee that it will achieve these estimated results and advises readers to refrain from depending solely on these forecasts. Readers should also note that the Company is under no obligation to revise this information on a regular basis.

12

Highlight of 2006 Q1 (2/2)
 

April 26, 2006

Jupiter Telecommunications Co., Ltd.

	As of Mar. 31,		As of Dec. 31,
J:COM Group	'06		'05		Change				Explanation of changes
Consolidated subsidiaries
Managed systems		18		17		1	(a	)	Inclusion of Rokko Island Cable Vision (Jan '06)
Others		4		3		1			Kansai Multimedia Service became subsidiary (Jan '06)
Total		22		20		2	
Equity-method affiliates
Managed systems		2		2		0	(b	)
Others		4		5		r 1			Kansai Multimedia Service became subsidiary (Jan '06)
Total		6		7		r 1	‚
Group total+‚		28		27		1
Managed system operators (a)+(b)		20		19		1

									Existing consolidated								Newly consolidated
Consolidated managed systems									managed systems *5								managed systems *6
	As of Mar. 31,			As of Mar. 31,					As of Mar. 31,			As of Mar. 31,					As of Mar. 31,
Operational Data	'06			'05			Change		'06			'05			Change		'06
RGUs
CATV		1,696,100			1,519,900			176,200		1,615,400			1,519,900			95,500		80,700
of which digital service		685,100			299,300			385,800		649,500			299,300			350,200		35,600
HS Internet access		884,000			734,000			150,000		845,500			734,000			111,500		38,500
Telephony		949,800			762,400			187,400		949,800			762,400			187,400		0
Total		3,529,900			3,016,300			513,600		3,410,700			3,016,300			394,400		119,200
Customers connected		2,025,000			1,795,000			230,000		1,933,300			1,795,000			138,300		91,700
Homes passed		7,349,200			6,528,800			820,400		6,823,500			6,528,800			294,700		525,700
Average number of RGUs per customer		1.74			1.68			0.06		1.76			1.68			0.08		1.30
Rate of customers taking 3 services		22.9	%		20.0	%		2.9		24.0	%		20.0	%		4.0		—
ARPU		¥7,681			¥7,348			¥333		¥7,756			¥7,348			¥408		¥6,082
(Average revenue per customer per month)		*2			*3					*2			*3					*2
Monthly churn rate
CATV		1.3	%		1.3	%		0.0		1.3	%		1.3	%		0.0		0.7	%
HS Internet access		1.6	%		1.5	%		0.1		1.6	%		1.5	%		0.1		1.1	%
Telephony		0.8	%		0.8	%		0.0		0.8	%		0.8	%		0.0		0.0	%

[Reference]

	Total of managed systems
	As of Mar. 31,			As of Mar. 31,
Operational Data	'06			'05			Change
RGUs
CATV		1,807,000			1,628,800			178,200
of which digital service		719,100			313,500			405,600
HS Internet access		931,600			777,200			154,400
Telephony		1,011,100			811,900			199,200
Total		3,749,700			3,217,900			531,800
Customers connected		2,158,200			1,922,900			235,300
Homes passed		7,946,200			7,106,300			839,900
Average number of RGUs per customer		1.74			1.67			0.07
Rate of customers taking 3 services		22.6	%		19.6	%		3.0
ARPU		¥7,653			¥7,291			¥362
(Average revenue per customer per month)		*2			*3
Monthly churn rate
CATV		1.3	%		1.4	%		r 0.1
HS Internet access		1.6	%		1.5	%		0.1
Telephony		0.8	%		0.8	%		0.0

*2:	Monthly average for January — March, 2006
*3:	Monthly average for January — March, 2005
*4:	Churn Rate = number of cancellation ÷ average number of customers connected ÷ number of months
*5:	15 consolidated managed systems before IPO on March, ‘05
*6:	2 new managed systems that were consolidated after IPO 2005 (i.e. J:COM Setamachi, Cable TV Kobe)

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