J Bridge Corp : Notice of Differences between the Result of Business Performances For the Second Quarter FYE March 31, 2011 and Forecasts of Business Performances for the FYE March 31, 2012

?TRANSLATION FOR REFERENCE ONLY?

November 11, 2011

Company Name: Asian Alliance Holdings Co., Ltd. Representative: Kotaro Takamori , President and CEO

(Code No.: 9318 at 2nd Section of Tokyo Stock Exchange)

Contact: Hiroyuki Ueno

General Manager, Corporate Planning Department

?TEL?03-5638-8562?

Notice of Differences between the Result of Business Performances For the Second Quarter FYE March 312011 and Forecasts of Business Performances for the FYE March 31, 2012

Asian Alliance Holdings Co., Ltd.("the Company") hereby informs that there may be differences between the actual business performance for the Second Quarter FYE March 31,
2011 and forecasts for the Second Quarter Financial Year Ending March 2012, in accordance
with the regulation for fair disclosure as follows:
1?Estimated Consolidated Business Performance for the 2Q FYE March 31, 2012(April1toSeptember30,2011)
(Millions of yen)

	Sales	Operating Profit/Loss	Recurring Profit/Loss	Net Profit/Loss
Results for the 2Q FYE March, 2011?A?	2,892	(443)	(481)	(1,410)
Forecasts for the 2Q FYE March, 2012?B?	2,399	(69)	7	(84)
Difference?B?A?	(492)	373	488	1,326
% Change	(17.0)	?	?	?

2?Reasons for Revisions
(1) About Sales
Sales of Rokugo Co., Ltd. and its subsidiary, Toki Minami Techno Hills Co., Ltd. ("Toki Minami") increased. Kyourinkai Medical Corporation, however, excluded from group of the Company. As a result, consolidated Sales fell to JPY2,399 million(compared to JPY2,892 million in the previous year) for in the 2Q FYE2012.
(2) About Operating Profit/Loss
Consolidated Operating Loss for the 2Q FYE2012 fell to JPY69 million (compared to JPY 443 million in the previous year). This was due to the above factors and Toki Minami has turned an Operating Profit.
(3) About Recurring Profit/Loss
In addition to the above factors and wholly-owned subsidiary of the Company has received dividends from its investment. As a result, consolidated Recurring Profit improved and was posted JPY 7 million(compared to negative JPY 481 million in the previous year) for the 2Q FYE2012 by the Company.

?TRANSLATION FOR REFERENCE ONLY?

(4) About Net Profit/Loss

As a result of additional above factor and posted small amount of Extraordinary Profit and Loss; consolidated Net Loss of JPY 84million(compared to JPY 1,410 million in the previous year) was accounted for in the 2Q FYE2012 and it was improved.

(Note) The above forecasts have been prepared based on the information available as of the presentation date of this announcement. Actual figures may differ from the above forecasts for various reasons.