Rough translation:(read from right to left)
1:
In a friends gathering, everypony bring up their old photo album.
2:
Fluttershy: Ah! that was…
Rainbow: Ha, Found it! Club activities photo in our senior high!
3:
Somepony: Wow! That’s really the type of music Rainbow would be into.
Rainbow: Yeah, Fluttershy was there too!
Somepony: Really?! What did shy play? Bass?
4:
Rainbow: She was the lead singer.
5:
Everypony: How ferocious!!!(not sure about this one)
Fluttershy: Uuu…I was found.
I even put on makeup to avoid recognition…
Now scanlated :V