Was it the Japanese distributor being one of those who went all-in on promoting Times Square, or was it par for the course in Japan for a movie like Times Square to get not one but two of these 2-sided handbills? Either way, here is a second chirashi. The first one was a replica of the Japanese movie poster; this one’s design seems more based on the program book. 
As before, I have no real idea what the text says, but it seems to be a very detailed synopsis with a bit of production history and a plug for the soundtrack — exactly what you’d expect on something like this.
Would you like to know more?
Times Square promotional flyer, Japan, 1981
Times Square movie poster, Japan, June 1981
Times Square Program Book, Japan, June 1981 (post 1 of 5)
Times Square Program Book, Japan, June 1981, pages 8-11 (post 2 of 5)
Times Square Program Book, Japan, June 1981, pages 14-19 (post 3 of 5)
Times Square Program Book, Japan, June 1981, pages 20-24 (post 4 of 5)
Times Square Program Book, Japan, June 1981, pages 12-13 (post 5 of 5)
Japan : handbill : AAT ID: 300027033 : 26.9 x 19 cm. : 1981 (work);
TIMES SQUARE Chirashi variant Japan 1981 front_1080p.jpg
1080 x 767 px, 96 dpi, 533 kb
TIMES SQUARE Chirashi variant Japan 1981 back 1080p.jpg
1080 x 763 px, 96 dpi, 537 kb (images)