Nicholas Financial, Inc. (Nicholas Financial-Canada) is a holding company. The business activities of the Company are conducted through its two wholly owned subsidiaries, Nicholas Financial, Inc. (Nicholas Financial) and Nicholas Data Services, Inc. (NDS). Nicholas Financial is a specialized consumer finance company engaged primarily in acquiring and servicing Contracts for purchases of new and used automobiles and light trucks. Nicholas Financial also makes direct loans and sells consumer-finance related products. NDS is engaged in supporting and updating industry-specific computer application software for small businesses located primarily in the Southeast United States. During the fiscal year ended March 31, 2012, (fiscal 2012), Nicholas Financial�s financing activities accounted for more than 99% of the Company�s revenues. During fiscal 2012, NDS�s activities accounted for less than 1% of the Company�s revenues. During fiscal 2012, the Company opened four new branches.