<DOCUMENT>
<TYPE>10-K405/A
<SEQUENCE>1
<FILENAME>d10k405a.txt
<DESCRIPTION>AMENDMENT TO FORM 10-K405
<TEXT>
<PAGE>

================================================================================

                      SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C.   20549

                                  FORM 10-K/A

(MARK ONE)

[X]  AMENDMENT NO. 1 TO ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
     SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]

for the fiscal year ended September 30, 2001

                                      OR

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934 [NO FEE REQUIRED]

                          Commission File No. 0-14665

                           DAILY JOURNAL CORPORATION
            (Exact name of registrant as specified in its charter)

         South Carolina                                      95-4133299
 (State or other jurisdiction of                           (IRS Employer
  incorporation or organization)                         Identification No.)


        355 South Grand Avenue
             34th Floor
        Los Angeles, California                              90071-1560
(Address of principal executive offices)                     (Zip Code)

  Registrant's telephone number, including area code: (213) 624-7715

  Securities registered pursuant to Section 12(b) of the Act: None.

  Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or Section 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months and (2) has been subject to such
filing requirements for the past 90 days:    Yes [X]   No [ ]

                             --------------------

  Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [X]

  As of December 14, 2001 the approximate aggregate market value of Daily
Journal Corporation's voting stock held by non-affiliates was $14,900,000.

  As of December 14, 2001 there were outstanding 1,533,521 shares of Common
Stock of Daily Journal Corporation.

                             --------------------

  Documents incorporated by reference:   Portions of the Proxy Statement for the
Annual Meeting of Shareholders to be held during February 2002 are incorporated
by reference into Part III.

                                       1
<PAGE>

  This Amendment No. 1 to Form 10-K is being filed to amend (i) Part II, Item 6-
-Selected Financial Data (specifically, the amount of "working capital as
conventionally reported" in the Consolidated Balance Sheet Data for September
30, 1999), (ii) Part II, Item 7--Management's Discussion and Analysis of
Financial Condition and Results of Operations (specifically, the comparison of
fiscal year ended September 30, 2001 to fiscal year ended September 30, 2000 in
the "Results of Operations" section), and (iii) Part II, Item 8--Financial
Statements and Supplementary Data (specifically, Note 7 to the Company's
Consolidated Financial Statements) of the Company's Annual Report on Form 10-K
for the fiscal year ended September 30, 2001 (the "10-K").

                                    PART II

Item 6.  Selected Financial Data.

  The amount of $6,200,000 listed as "working capital as conventionally
reported" in the Consolidated Balance Sheet Data for September 30, 1999
(appearing on page 16 of the 10-K) is hereby amended by substituting the amount
of $6,040,000.

Item 7.  Management's Discussion and Analysis of Financial Condition and Results
of Operation.

  The first two sentences of the last paragraph of the section titled "Results
of Operation--2001 Compared to 2000" (appearing on page 18 of the 10-K) are
hereby amended by deleting such sentences in their entirety and replacing them
with the following:

  The Company's non-Sustain business segment pretax profit decreased by
$2,047,000 (36%) to $3,616,000 from $5,663,000, primarily due to a downturn in
commercial advertising and fewer court rule subscriptions.  Sustain's business
segment pretax loss increased by $15,864,000 primarily because of the write-offs
of (i) the capitalized Sustain software development costs of $15,048,000 and
(ii) the remaining Sustain goodwill of $979,000 as well as reduced consulting
revenues.

Item 8.  Financial Statements and Supplementary Data.

  The chart containing summarized financial information concerning the Company's
reportable segments for fiscal year 2001 (appearing on page 33 of the 10-K) is
hereby amended by deleting such chart in its entirety and replacing it with the
following:

<TABLE>
<CAPTION>
                                                       Reportable Segments
                                               ------------------------------------     Total Results
                                                 Non-Sustain          Sustain          For Both Segments
                                               ----------------  ------------------  ---------------------
<S>                                            <C>               <C>                 <C>
                                                                     (in thousands)
2001
  Revenues                                             $33,169            $  2,055               $ 35,224
  Profit (loss) before taxes                             3,616             (18,989)               (15,373)
  Total assets                                          18,423               2,744                 21,167
  Capital expenditures                                   1,635               8,266                  9,901
  Depreciation, amortization and
   goodwill impairment charges                           1,641               2,236                  3,877
  Income tax benefits  (expenses)                       (1,390)              3,390                  2,000
  Total after-tax income (loss)                          2,226             (15,599)               (13,373)
</TABLE>

                                  SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the Company has duly caused this Amendment No. 1 to the Report on
Form 10-K to be signed on its behalf by the undersigned, thereunto duly
authorized.

DATE:  January 10, 2002         DAILY JOURNAL CORPORATION


                                By:  /s/ Gerald L. Salzman
                                    ---------------------------------------
                                      Gerald L. Salzman
                                      President, Treasurer, Chief Financial
                                      Officer and Principal Accounting Officer

                                       2
<PAGE>

                           Daily Journal Corporation

               Schedule II --- Valuation and Qualifying Accounts

<TABLE>
<CAPTION>
                                                                       Additions         Accounts
                                                      Balance at       Charged to         Charged         Balance
                                                      Beginning        Costs and         off less         at End
Description                                           of Period        Expenses         Recoveries      of Period
-----------                                        ---------------  ---------------  ----------------  ------------
<S>                                                <C>              <C>              <C>               <C>
2001
  Allowance for doubtful accounts................         $500,000         $245,000        $(245,000)      $500,000
                                                          ========         ========        =========       ========
2000
  Allowance for doubtful accounts................         $800,000         $401,000        $(701,000)      $500,000
                                                          ========         ========        =========       ========
1999
  Allowance for doubtful accounts................         $700,000         $186,000        $ (86,000)      $800,000
                                                          ========         ========        =========       ========
</TABLE>


                                       3
<PAGE>

                                 Exhibit Index
<TABLE>
<S>         <C>
       2.1  Stock Purchase Agreement, dated as of January 22, 1999, by and among Daily Journal
            Corporation, Choice Information Systems, Inc., Michael W. Payton and Terence E. Hahm.  (=)

       2.2  Asset Purchase Agreement, dated as of January 22, 1999, by and among Choice Information
            Systems, Inc., Quindeca Corporation and Jerry L. Short. (=)

       3.1  Articles of Incorporation of Daily Journal Corporation, as amended. (+)

       3.2  Bylaws of Daily Journal Corporation. (#)

      10.1  Employment Agreement, dated as of January 22, 1999, between Choice Information Systems,
            Inc. and Michael W. Payton.  (=)

      10.2  Employment Agreement, dated as of January 22, 1999, between Choice Information Systems,
            Inc. and Jerry L. Short.  (=)

      10.3  Employment Agreement, dated as of January 22, 1999, between Choice Information Systems,
            Inc. and Terence E. Hahm.  (=)

      10.4  Shareholder's Agreement, dated as of January 22, 1999, among Choice Information Systems,
            Inc., Daily Journal Corporation, Quindeca Corporation, Michael W. Payton and Terence E.
            Hahm.  (=)

      10.5  Form of Non-Negotiable Certificate Representing an Employee Participant Interest in the
            Daily Journal Corporation ("DJC") Plan for Supplemental Compensation to an Employee as long
            as that Employee Remains Employed by DJC, Based on Pre-tax Earnings of Common Shares of
            DJC. (+) (++)

      10.7  Lease dated December 9, 1998 between Daily Journal Corporation and One Trinity Center. (+)

      10.8  Lease dated August 26, 1999 between Sustain Technologies, Inc. and The Prudential Insurance
            Company of America. (+)

      10.9  Note Secured by Deed of Trust, dated January 2, 2001, in the principal amount of $2,000,000
            executed by Daily Journal Corporation in favor of City National Bank. (o)

     10.10  Deed of Trust, Assignment of Rents and Fixture Filing, dated January 2, 2001, executed by
            Daily Journal Corporation in favor of City National Bank. (o)

     10.11  Letter Agreement, dated January 2, 2001, regarding the Promissory Note dated January 2,
            2001 in the principal amount of $4,000,000 executed by Daily Journal Corporation and
            Sustain Technologies, Inc. in favor of City National Bank. (o)

     10.12  Promissory Note, dated January 2, 2001, in the principal amount of $4,000,000 executed by
            Daily Journal Corporation and Sustain Technologies, Inc. in favor of City National Bank. (o)

     10.13  Commercial Security Agreement, dated January 2, 2001, executed by Daily Journal Corporation
            in favor of City National Bank. (o)

     10.14  Commercial Security Agreement, dated January 2, 2001, executed by Sustain Technologies,
            Inc. in favor of City National Bank. (o)
</TABLE>

                                       4
<PAGE>

<TABLE>
<S>         <C>
      21.0  SUSTAIN Technologies, Inc., a Virginia Corporation ("Sustain"), is a 93% owned subsidiary
            of  the Daily Journal Corporation that was acquired in January 1999.  Prior to September
            28, 1999, Sustain did business as Choice Information Systems, Inc.

      99.1  Press Release of Daily Journal Corporation issued January 27, 1999.  (=)
</TABLE>

(+)  Filed as an Exhibit bearing the same number to the Annual Report on
     Form 10-K for the year ended September 30, 1999.
(++) Management Compensatory Plan.
(=)  Filed as an Exhibit bearing the same number to the current report on
     Form 8-K dated January 27, 1999.
(#)  Filed as an Exhibit bearing the same number to the Annual Report on
     Form 10-K for the year ended September 30, 2000.
(o)  Filed as an Exhibit to the quarterly report on Form 10-Q for the quarter
     ended December 30, 2000.

                                       5

</TEXT>
</DOCUMENT>
