Daily Journal Corporation Announces Financial Results for the Nine Months ended June 30, 2010.pdf

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Daily Journal Corporation Announces Financial 
Results for the Nine Months ended June 30, 2010 
August 12, 2010 01:03 PM Eastern Daylight Time   
LOS ANGELES--(EON: Enhanced Online News)--Consolidated revenues of Daily Journal Corporation 
(NASDAQ:DJCO) were $28,437,000 and $30,315,000 for the nine months ended June 30, 2010 and 2009, 
respectively. This decrease of $1,878,000 was primarily from declines in display advertising revenues of $528,000, 
classified advertising revenues of $269,000 and circulation revenues of $592,000, partially offset by an increase in 
public notice advertising revenues of $772,000. The Company continued to benefit from the large number of 
foreclosures in California and Arizona, for which public notice advertising is required by law.  
During the nine months ended June 30, 2010, consolidated pretax income decreased by $253,000 (3%) to 
$9,130,000 from $9,383,000 in the nine months ended June 30, 2009. The Company’s traditional business segment
pretax profit increased by $509,000 to $9,860,000 from $9,351,000 primarily because of an increase in the number
of trustee foreclosure notices that were published in the Company’s newspapers and a decrease in costs and 
expenses. Sustain’s business segment pretax loss increased to $730,000 from a pretax profit of $32,000 primarily 
because of a decrease in consulting revenues from governmental agencies.  
At June 30, 2010, the Company held marketable securities valued at $50,833,000, including unrealized gains of 
$30,406,000. It accrued a liability of $11,555,000 for income taxes due only upon the sales of the appreciated 
securities. All the marketable securities are common stocks of two Fortune 200 companies and certain bonds of a 
third, and almost all of the unrealized gains were in the common stocks.  
Consolidated net income was $5,660,000 and $5,773,000 for the nine months ended June 30, 2010 and 2009, 
respectively. Net income per share increased to $4.10 from $4.08.  
Daily Journal Corporation publishes newspapers and web sites covering California and Arizona, as well as the 
California Lawyer magazine, and produces several specialized information services. Sustain Technologies, Inc., a 
wholly owned subsidiary, supplies case management software systems and related products to courts and other 
justice agencies, including district attorney offices and administrative law organizations.  
Daily Journal Corporation’s Form 10-Q for the period ended June 30, 2010 is expected to be filed electronically 
with the Securities and Exchange Commission today. We invite your attention to the Form 10-Q which contains our 
consolidated financial statements, management’s discussion and analysis of financial condition and results of 
operations and other information.  
Reportable Segments 
Total Results 
Traditional  
for both  
Business 
Sustain 
Segments 
Nine months ended June 30, 2010
Revenues 
$25,942,000 $2,495,000 $28,437,000
Pretax income (loss) 
9,860,000 
(730,000 )
9,130,000 
Income tax benefit (expense) 
(3,750,000 )
280,000 
(3,470,000 )
Net income (loss) 
6,110,000 
(450,000 )
5,660,000 
Nine months ended June 30, 2009
Revenues 
$26,548,000 $3,767,000 $30,315,000
Pretax income 
9,351,000 
32,000 
9,383,000 
Income tax expense 
(3,600,000 )
(10,000 
)
(3,610,000 )
Net income 
5,751,000 
22,000 
5,773,000 
This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 
1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Certain statements 
contained in this press release are “forward-looking” statements that involve risks and uncertainties that may cause 
actual future events or results to differ materially from those described in the forward-looking statements. Words 
such as “expects,” “intends,” “anticipates,” “should,” “believes,” “will,” “plans,” “estimates,” “may,” variations of 
such words and similar expressions are intended to identify such forward-looking statements. We disclaim any 
intention or obligation to revise any forward-looking statements whether as a result of new information, future 
developments, or otherwise. Although we believe that the expectations reflected in such forward-looking statements 
are reasonable, we can give no assurance that such expectations will prove to have been correct. Additional 
information concerning factors that could cause actual results to differ materially from those in the forward-looking 
statements is contained from time to time in documents we file with the Securities and Exchange Commission, 
including the Form 10-Q we expect to file today and our Annual Report on Form 10-K for the fiscal year ended 
September 30, 2009.  
Contacts  
Daily Journal Corporation 
Tu To, 213-229-5436  
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