Financial Presentation (Year Ended March 31, 2007)

May 15, 2007
Fields Corporation

FIELDS CORPORATIONTHE GREATEST LEISURE FOR ALL PEOPLE

2767:JASDAQ
http://www.fields.biz
Copyright 2007 FIELDS CORPORATION All rights reserved. 1

Index1.

Highlights for the Year Ended March 2007

3

2.

Outlook for the Year Ending March 2008

8

3.

PS Field

11

4.

PS Field: Sales results for the Year Ended March 200715

5.

Game Field and Other Field

22

6.

Appendix I

27

7.

Appendix II

34

Copyright 2007 FIELDS CORPORATION All rights reserved.

2

Highlights for the Year Ended March 2007

Copyright 2007 FIELDS CORPORATION All rights reserved.

3

Year Ended March 2007
Consolidated Operating Results(Unit: ¥million)

Year ended March2006
4th
Full-Year
Quarter Full Year
Plan*

4th
Quarter

52,856

96,814 109,880

21,17685,321

88.1%

77.6%

Gross profit

16,03529,737

34,1209,916

29,248

98.4%

85.7%

SG&A expenses

5,046

17,38919,9605,667

20,303 116.8% 101.7%

Operating income

10,98812,348

14,160

4,248

8,944

20.8%

12.8%

12.9%

20.1%

10.5%

11,373

13,127

14,150

4,160

9,202

21.5%

13.6%

12.9%

19.6%

10.8%

6,402

7,085

7,480

1,414

3,710

12.1%

7.3%

6.8%

6.7%

4.3%

Net sales

Operating income margin
Ordinary income
Ordinary income margin
Net income
Net income margin

Year ended March 2007
to
Full Year YOY (%) Actual
Plan

72.4%

70.1%

52.4%

Due to slow demand for new
regulation pachislot machines(¥22.5 billion)

63.2%

65.0%

49.6%

Loss on disposal of fixed assets
due to in-house systemrenovation(¥600 million)
Loss on closing of a fitness
clubs and impairment of fixed
assets of former Total Workout
Corporation of Japan Sports
Marketing Inc. (JSM)(¥200 million)* Revised projections to the estimates announced on October 30, 2006
Source: Fields

Copyright 2007 FIELDS CORPORATION All rights reserved.

4

Year Ended March 2007
Non-Consolidated Operating Results(Unit: ¥million)

Year Ended March 2006
4th Quarter

Full Year

Year Ended March 2007
Full-YearPlan*

4th Quarter

Full Year

YOY (%)

Actual to Plan

50,01788,251

93,81018,141

71,314

80.8%

76.0%

Gross profit

15,33826,56828,8408,842

25,150

94.7%

87.2%

SG&A expenses

4,046

14,071

15,1204,889

16,150114.8%

106.8%

Operating income

11,291

12,497

13,720

3,953

8,999

72.0%

65.6%

22.6%

14.2%

14.6%

21.8%

12.6%

11,327

12,836

14,020

3,982

9,393

73.2%

67.0%

22.6%

14.5%

14.9%

22.0%

13.2%

6,114

6,934

7,610

1,722

4,773

68.8%

62.7%

12.2%

7.9%

8.1%

9.5%

6.7%

Net sales

Operating income margin
Ordinary income
Ordinary income margin
Net income
Net income margin* Revised projections to the estimates announced on October 24, 2006
Source: Fields

Copyright 2007 FIELDS CORPORATION All rights reserved.

5

Year Ended March 2007

Segment Information(Unit: ¥million)

Year Ended March2006
Full-Year Results

Year Ended March 2007
Full-Year Results

Composition

YOY (%)Net sales
PS field

88,34971,306

82.2%

80.7%

Game field

5,052

9,946

11.5%

196.9%

Other field

4,083

5,521

6.4%

135.2%

Subtotal

97,48586,774100.0%

89.0%

Elimination or incorporation(671)(1,453)

Total

96,81485,321

12,711

9,073

103.3%

71.4%

Game field

277

220

2.5%

79.4%

Other field

（655)

(513)

-5.8%

—

12,3338,780

100.0%

71.2%

15

164

12,3488,944

An increase due to full-scale
sales expansion of D3 Inc. inEurope and the United States

88.1%

Operating income
PS field

Subtotal
Elimination or incorporation
Total
Source: Fields

72.4%

Sluggish business due toclosing the existing
facilities and delayed
opening of new facilities of
Total Workout fitness club ofJapan Sports Marketing Inc.
(JSM)

Copyright 2007 FIELDS CORPORATION All rights reserved.

6

Year Ended March 2007
Consolidated Balance Sheets (Condensed)(Unit: ¥million)
AssetsAt March 31, At March 31,
2006
2007

Increase/
Decrease

Cash and cash equivalents

15,777

17,9022,125

Notes and accounts receivable—
trade1

46,385

18,523(27,862)

Liabilities and Net Assets(Liabilities and Shareholders’ equity)
Accounts payable—trade1
Short-term borrowings2
Other
Total current liabilities
Corporate bonds
Long-term debt

Inventories2

1,568

2,972

1,403

Other
Total fixed liabilities
Total liabilities

Other current assets

Total current assets

6,147
69,8796,746
46,144

598(23,735)

Minority interest in consolidated
subsidiaries
Common stock
Capital surplus
Retained earnings
Other

Total tangible fixed assets3

4,689

5,756

1,067

Total intangible fixed assets4

2,752

4,036

1,283

Total investments and other assets

10,235

10,144(90) Total shareholders’ equity

Total shareholders’ equity
Common stock
Capital surplus
Retained earnings

Total fixed assets

17,676

19,9362,260

Total assets

87,556

66,081(21,474)

Total valuation and translationdifferences
Stock acquisition rights
Minority interest in consolidated
subsidiaries
Total net assets
Total liabilities and net assets(Total liabilities, minority interest and shareholders’ equity)

Source: Fields

At March 31, At March 31,
2006
2007

34,869730
6,927
42,526
490
366
3,150
4,007
46,534

9,094
2,230
7,540
18,865
370
1,238
2,770
4,379
23,244

1,610
7,948
7,994
22,726742
39,411

—
—
—
—
—
—

—
—
—
—

7,948
7,994
24,94340,886

—

228

—
—
—
87,55615
1,705
42,83666, 081

1. Notes and accounts receivable—
trade and accounts payable—trade→Alarge number of machines were(25,774)
sold at the end of the year ended
1,500
March 2006
613
(23,661)(120)871(379) 2. Inventories, short-termborrowings and long-term debt
371
(23,289) →An increase due to thedevelopment of large-scale
products at D3 Inc. in the Game
—
field
—
—
—
—
—
3. Total tangible fixed assets— →An increase due to the acquisitionof properties for branch offices.
—

Increase/
Decrease———— 4. Total intangible fixed assets→An increase due to system—
investments to improve the in—house infrastructure—

Copyright 2007 FIELDS CORPORATION All rights reserved.

7

Outlook for the Year Ending March 2008

Copyright 2007 FIELDS CORPORATION All rights reserved.

8

Year Ending March 2008
Business Plan (Consolidated)(Unit: ¥million)

Year Ended March 2007
1st-Half
Results

Year Ending March 2008

2nd-Half
Results

Full-Year
Results

47,122

38,19885,32153,000 112.5%

45,000 117.8%

98,000 114.9%

Gross profit

14,05015,19829,24814,400 102.5%

17,700 116.5%

32,100 109.7%

SG&A expenses

9,329

10,973

20,303

10,100 108.3%

12,400 113.0%

22,500 110.8%

Operating income

4,720

4,224

8,944

4,300

91.1%

5,300 125.5%

9,600 107.3%

10.0%

11.1%

10.5%

8.1%

11.8%

9.8%

4,980

4,221

9,202

4,200

5,100 120.8%

9,300 101.1%

10.6%

11.1%

10.8%

7.9%

11.3%

9.5%

2,225

1,484

3,710

1,000

2,800 188.6%

3,800 102.4%

4.7%

3.9%

4.3%

1.9%

6.2%

3.9%

Net sales

Operating income margin
Ordinary income
Ordinary income margin
Net income
Net income margin

Source: Fields

1st-HalfPlan

YOY (%) 2nd-Half
YOY (%) Full-Year
YOY (%)
Plan
Plan

84.3%

44.9%

Copyright 2007 FIELDS CORPORATION All rights reserved.

9

Year Ending March 2008
Business Plan (Non-Consolidated)(unit: ¥million)

Year Ended March 2007
1st-Half
Results

Year Ending March 2008

2nd-Half Full-Year
Results
Results

1st-HalfPlan

YOY (%) 2nd-Half
YOY (%) Full-Year
YOY (%)
Plan
Plan

41,14130,17371,31446,000 111.8%

29,00096.1%

75,000 105.2%

Gross profit

12,351

12,79925,15012,30099.6%

11,86092.7%

24,160

96.1%

SG&A expenses

7,373

8,776

16,1507,600 103.1%

8,160

93.0%

15,76097.6%

Operating income

4,977

4,022

8,999

4,700

94.4%

3,700

92.0%

8,400

93.3%

12.1%

13.3%

12.6%

10.2%

5,284

4,109

9,393

4,800

12.8%

13.6%

13.2%

10.4%

2,810

1,962

4,773

800

6.8%

6.5%

6.7%

1.7%

Net sales

Operating income margin
Ordinary income
Ordinary income margin
Net income
Net income margin

Source: Fields

12.8%

90.8%

28.5%

3,700

11.2%

90.0%

8,500

12.8%

11.3%

2,000 101.9%

2,800

6.9%

3.7%

90.5%

58.7%

Copyright 2007 FIELDS CORPORATION All rights reserved. 10

PS Field

Copyright 2007 FIELDS CORPORATION All rights reserved. 11

PS Field

Year Ended March 2007
Drastic Change in Pachinko Business Environment
Events－Summer through fall in 2006 －Withdrew the popular old regulation(Model No. 4.5) Pachislot machines
Machine replacement expenses occurred－

Fall in 2006 through spring in 2007 －Slowly replaced old regulation pachislot
machines with new regulation one

More machine replacement expenses occurredManagement conditions of pachinko halls

A decline in earnings
An increase in expenses

A further decline in earnings
An increase in expenses

To create a new source for earnings, we have applied content from highly profitable pachislot machines
to new pachinko machines as well.

Shifting to the purchase of pachinko machines with highly profitable content(large-scale copyrights/high-quality characters + superior planning and direction)
Source: Fields

Copyright 2007 FIELDS CORPORATION All rights reserved. 12

PS Field

Features of Our Business for the Year Ended March 2007

■ Pachinko machine sales business———

Recorded 345,823 machines sold (historical high), a 4.9% increase from a year earlier.
Sammy Corporation: 36,893 machines of three models sold; Bisty Co., Ltd.: 292,905 machines of five models sold;
Olympia Co., Ltd.: 1,540 machines of one model sold (e.g., CR Shin Sangoku Musou, CR Matsuura Aya, CR Salaryman
Kintaro, CR Neon Genesis Evangelion—Kiseki no Kachiwa).
Sales of CR Neon Genesis Evangelion—Kiseki no Kachiwa machines were a historical high (with about 169,000
machines sold and cumulative machines sold totaling 187,000).

■ Pachislot machine sales business
—
—
—
—
—
—

Source: Fields

The number of pachislot machines sold was 165,424, a 29.8% decrease from a year earlier.
Rodeo Co., Ltd.: 42,818 machines of three models sold; Bisty Co., Ltd.: 73,714 machines of six models sold; Olympia
Co., Ltd.: 43,389 machines of three models sold.
Introduced “Gold Olympia” brand pachislot machines by Olympia Co., Ltd. (three models).
Progressed generally steadily until the end of December 31, 2006. Mainly old regulation pachislot machines sold well.
Endeavored to introduce new regulation pachislot machines to the market through the “WE LOVE Pachislot!” campaign.
To regulate the introduction of new regulation pachislot machines into each pachinko hall, we released five pachislot
models simultaneously during the fourth quarter (January 1, 2007, through March 31, 2007). Nevertheless, weakfinancing at pachinko halls kept sales from increasing.

Copyright 2007 FIELDS CORPORATION All rights reserved. 13

PS Field

Full-Year Outlook for the Year Ending March 2008

■ Pachinko machine sales business—Despite many large-scale copyrights (PS sublicense copy rights), we will review all products for which the release was scheduled,
and revise developed products as necessary.
・We will release fewer products for the first half of the year ending March 2008.
・For the second half of the year ending March 2008 and the year ending March 2009, we will offer high-quality products withimproved content.

■ Pachislot machine sales business—To maintain the current sales share in the market, we will release three highly merchandisable models ahead of our competitors(i.e., Morning Musume, Devil May Cry 3, Neon Genesis Evangelion—Magokoro wo Kimini).

—

To address the demand for replacing machines until September 30, 2007, we will introduce carefully selected models from among
the large variety in our product lineup.
・ About 1,300,000 old regulation pachislot machines will be replaced by September 30, 2007.
・ An unprecedented number, approximately 1 million, of machines will be replaced during June and July 2007.

—

We will expand sales through the steady offer of high-quality products during the second half of the year ending March 2008.
・After October 2007, the drastic replacement demand will gradually recede and resume an ordinary replacement cycle.

Source: Fields

Copyright 2007 FIELDS CORPORATION All rights reserved. 14

Machine Sales in the PS Field Year Ended March 2007

Copyright 2007 FIELDS CORPORATION All rights reserved. 15

PS Field

Number of Pachinko Machines Sold According to Manufacturer(Unit: Machines)

Year Ended
March 2006
Full Year

Year Ended March 2007
1st Quarter

2nd Quarter

Interim3rd Quarter

4th Quarter

Full Year

YOY (%)

Sammy

52,390

4,610

54

4,664

26,2495,980

36,893

70.4%

Bisty

262,806

56,97554,278111,253

12,146

169,506

292,905111.4%

—

—

—

—

—

1,540

1,540

—

Other

14,465

4,052

3,302

7,354

3,631

3,500

14,485100.1%

Total

329,661

65,637

57,634

123,271

42,026

180,526

345,823104.9%

Olympia

Source: Fields

Copyright 2007 FIELDS CORPORATION All rights reserved. 16

PS Field

Number of Pachislot Machines Sold According to Manufacturer(Unit: Machines)

Year Ended
March 2006
Full Year

Year Ended March 2007
1st Quarter

2nd Quarter

159,222

19,760

4,725

Bisty

22,952

1,688

Olympia

6,570

Other

Total

Rodeo
ブランド

Source: Fields

Interim3rd Quarter

4th Quarter

Full Year

YOY (%)

24,485

5,110

13,22342,81826.8%

39,80741,49523,5088,711

73,714321.1%

34,991

1,863

36,854167

6,368

43,389660.4%

25,916

2,198

1,504

3,702

939

862

5,503

21.2%

214,660

58,63747,899106,536

29,724

29,164

165,424

77.0%

Copyright 2007 FIELDS CORPORATION All rights reserved. 17

PS Field

Main Titles of Pachinko Machines Soldfor the Year Ended March 2007
(Unit: Machines)

Release

1Q

2Q

3Q

4Q

Manufacturer

Title

Bisty

CR Neon Genesis Evangelion Second Impact

Sammy

CR Gamera Extreme Battle

Bisty

CR Shin Sangoku Musou

Bisty

CR Otoko Ippiki Gaki Daisho

Bisty

CR Matsuura Aya

Bisty

CR WINK

Sammy

CR Salaryman Kintaro

Sammy

CR SEA COP3

Bisty

CR Neon Genesis Evangelion—Kiseki no Kachiwa

Olympia

CR PROJECT MINERVA

OthersTotal number of machines sold during the year

Machines Sold1

Cumulative
Machines Sold1,2

36,364

161,217——

27,25827,267——38,32440,655—

11,391

25,98928,133——

169,449

187,713——

14,538345,823

1. Regarding the titles of pachinko machines for which the number of machines sold was less than 10,000, the number of machines sold was not released.
2. The figures for the Cumulative machines Sold were as of May 2, 2007.
3. Although delivered on December 10, 2006, and released during the third quarter, machine sales were recorded for the fourth quarter in accordance with theCompany’s sales accounting standard.
Source: Fields

Copyright 2007 FIELDS CORPORATION All rights reserved. 18

PS Field

Main Titles of Pachislot Machines Soldfor the Year Ended March 2007
(Unit: Machines)

Release

1Q

2Q

3Q

4Q

Manufacturer

Title

Rodeo

Ore no Sora

Olympia

LOONY TUNES: BACK IN ACTION

Olympia

King of Mouse

Bisty

Lord of the Rings

Bisty

Tomb Raider 3

Bisty

Tomb Raider

Bisty

ROCKY BALBOA

Rodeo

Dokaben

Olympia

Karate-Baka Ichidai

Bisty

GTO

Rodeo

PREMIUM Dynamite

Rodeo

Sakigake Otoko Juku

Bisty

SHERLOCK HOUND

Other
Total number of machines sold during the year

Machines Sold1

Cumulative
Machines Sold1,2

24,481—
30,253—39,615
21,141—————
10,955—
6,408
165,424

125,789—
30,277—
4
60,99360,993 4—————
17,767—

1. Regarding the titles of pachinko machines for which the number of machines sold was less than 10,000, the number of machines sold was not released.
2. The figures for Cumulative machines Sold were as of May 2, 2007.
3. Although delivered on October 1, 2006, and released during the third quarter, some portion shipped during the second quarter was included in the second quarter.
4. This figure was revised due to a change after the release of Interim IR information.
Source: Fields

Copyright 2007 FIELDS CORPORATION All rights reserved. 19

PS Field

Change in the Number of Machines Sold by Brand(Unit: Machines)

600,000

Sammy GroupSANKYO GroupOlympia

Other manufacturers

544,32140,381

474,044

500,000

6,570
25,4073,676

511,247
19,98844,929400,000

323,937
300,000

200,000

259,81349,743533
242

188,090
51,617
1,252
10,175

260,893

100,000

285,758

366,619

256,871
211,612209,295

79,7110Year Ended March 2003

Year Ended March 2004

Year Ended March 2005

Year Ended March 2006

Year Ended March 2007

*Olympia Co., Ltd., was included in Other manufacturers in and before the year ended March 2006, therefore there is a difference between the figures announced in the past for said
company and those presented here.
Source: Fields

Copyright 2007 FIELDS CORPORATION All rights reserved. 20

PS Field

Change in the Number of Pachinko and Pachislot
Machines Sold
(Unit: Machines)

600,000

Pachislot machines

Pachinko machines544,321511,247

500,000

474,044

400,000

329,661

323,937

300,000

345,823

282,100

259,81378,699145,031200,000

100,000

181,114

178,906

Year Ended March 2003

Year Ended March 2004

191,944

214,660
165,4240

Source: Fields

Year Ended March 2005

Year Ended March 2006

Year Ended March 2007

Copyright 2007 FIELDS CORPORATION All rights reserved. 21

Game Field and Other Field

Copyright 2007 FIELDS CORPORATION All rights reserved. 22

Game Field

Features of Our Businesses for the Year Ended March 2007

■ Favorable Business Performance of D3 Inc.
— First year of the D3 Group’s new stage of growth based on its global strategies.
— Diffused risks by globalization of content and via multiple platforms.
— Consumer business: Sold 4,040,000 game software packages (2,940,000 full-price and 1,100,000 discounted).
Sales results for major titles:
・Flushed Away—Sold about 1,080,000 (first global content; cumulatively about 1,080,000 sold in Europe and theUnited States)
・Naruto series—Sold approximately 990,000 (animation title; cumulatively about 1,180,000 sold in North America)
・CR Neon Genesis Evangelion: Second Impact and Pachislot Neon Genesis Evangelion—Sold about 210,000 (simulator gamesoftware made via a collaboration between D3 and the Company; sold in Japan)
・Earth Defense Force X—Sold approximately 120,000 (upgraded title from the SIMPLE series; cumulatively about 120,000 soldin Japan, Europe and the United States)— Mobile business: SIMPLE100 series memberships increased to approximately 940,000.
・All segments adopted a monthly charge system. Development of rich game content started.

■ Consolidated thinkArts Co., Ltd., as a subsidiary of the Company—

Began full-scale collaboration of game software development and image software development for pachinko and pachislot
machines.
— Strengthened the collaboration with D3 Inc.

Source: Fields

Copyright 2007 FIELDS CORPORATION All rights reserved. 23

Game Field

Full-Year Outlook for the Year Ending March 2008

■ D3 Inc.
— Realize profitability of D3 Inc.’s subsidiaries in Japan, the United States and Europe.
— Target net sales of approximately ¥15.6 billion (a year-over-year increase of 60.2%) and accelerate global business developmentby adhering to full-price sales.
— Aim to sell 5,010,000 software packages in Japan, the United States and Europe (about 3,820,000 full-priced games and about
1,190,000 discounted games).
— Measures to expand consumer businesses:
・Synergies with the Company (e.g., aggressively acquire sublicense copy rights and develop simulator software).
・Introduce titles upgraded from the SIMPLE series, and use multiple platforms such as DS and Wii.
・Continue to develop the Naruto series in North America.
・Use movie- and TV program–related content.
・Introduce globally popular content. (darkSector PS3・Xbox360 will be introduced in the fall of 2007 with targeted sales of amillion machines in Japan, the United States and Europe; three other titles will be released.)— Measures to increase memberships in the mobile business:
・Continue to introduce enriched content (multiple uses of content).
・Update the SIMPLE100 series to comply with new models and reinforce promotion.
— Develop global content with an outlook toward the year ending March 2009 (e.g., 100 BULLETS, MOSCOW RHAPSODY)

Source: Fields

Copyright 2007 FIELDS CORPORATION All rights reserved. 24

Other Field

Features of Our Businesses for the Year Ended March 2007

■ Japan Sports Marketing Inc.
— Develop three core businesses in the sports marketing field:
・Rights business: Various broadcasting rights for sports events, sponsorship business・Athlete management business: Management of athletes
・Solutions business: Mainly for Total Workout fitness clubs— Rights and athlete management businesses: Progressed favorably in general— Solutions business: Total Workout Mita fitness club was closed in December 2006 due to an issue of earthquake resistance.
Targets have yet to be achieved due to delays in opening new gyms in suburban cities.

■ Consolidated Fields Pictures Corporation as a subsidiary of the Company— Launched business in June 2006.
— Invest in the content of movies, animation and a content fund. The main purpose of this company is to create primary content,
thereby leveraging creation of the Group’s original content.
— We expect to reap the fruits of current investments such as merchandising in the year ending March 2008 or later.

■ Consolidated FutureScope Corporation. as a subsidiary of the Company——

Source: Fields

Develop a content business and a community-type membership service using mobile phones to effectively use the content held by
the Company and its Group companies.
Launched the “Fields Mobile” service in February 2007 to offer comprehensive pachinko information to consumers.

Copyright 2007 FIELDS CORPORATION All rights reserved. 25

Other Field

Full-Year Outlook for the Year Ending March 2008

■ Japan Sports Marketing Inc.
— Rights business: Expand orders received by harnessing the Company’s long experience in the sports industry and its brand value.
— Athlete management business: Reinforce promotion abilities by increasing the number of athletes on contract and enhancing theCompany’s brand value.
— Solutions business: Improve profitability by starting new service programs for the existing gyms of Total Workout Corporation andopening new gyms in suburban cities.

■ Fields Pictures Corporation——

Create primary content faster.
Aggressively develop new multifaceted investments in movies, animation and comics.

■ FutureScope Corporation.
—

Expand the mobile business (i.e., au, Softbank Mobile) and add new content to increase memberships of our mobile site “Fields
Mobile.”— Planning to provide a new community-type membership service via the mobile social networking service (SNS) in the summer of2007 or later.

Source: Fields

Copyright 2007 FIELDS CORPORATION All rights reserved. 26

Appendix I

Copyright 2007 FIELDS CORPORATION All rights reserved. 27

Corporate Profile
Principal Shareholders

Corporate Data
(As of March 31, 2007)(As of March 31, 2007)

Shareholders

Number ofshares held

Percentage ofoutstanding
shares held

Company name

FIELDS CORPORATION
http://www.fields.biz/

Hidetoshi Yamamoto

112,200

32.33%

Establishment

June 1988 (Started business as TOYO Shoji Corporation in 1983)

Takashi Yamamoto

40,00011.53%

Address of the
Head office

E Space Tower 12F, 3-6, Maruyama-cho, Shibuya-ku, Tokyo
150-0044, Japan

Sammy Corporation

27,5007.93%

Mint Co.

16,000

4.61%

Common stock¥7,948.03 million

5,960

1.72%

Stock information

Total number of shares issued and outstanding: 347,000 shares

RBC Dexia Investor Services
Trust London Lending account client accountJapan Securities Finance

5,316

1.53%

Japan Trustee Services Bank, Ltd. (Trust account)

4,550

1.31%

State Street Bank and Trust Company 505019

4,018

1.16%

Morgan Stanley & Co. Inc.

3,936

1.13%

IXIS CIB

3,800

1.10%

Securities exchange JASDAQ (Ticker Code: 2767)
Number of
employees

737 (Non-consolidated); 1,022 (Consolidated)

Main businessactivities

Planning, development and sales of pachinko/pachislot machines

Branch offices

Sapporo, Aomori, Sendai, Koriyama, Niigata, Takasaki,
Utsunomiya, Tsukuba, Saitama, Chiba, Tokyo, Western Tokyo,
Yokohama, Shizuoka, Nagoya, Nagano, Aichi, Mie, Kanazawa,
Kyoto, Osaka, Kobe, Hiroshima, Okayama, Yamaguchi,
Matsuyama, Fukuoka, Saga, Kagoshima, Kumamoto (30 bases
nationwide)

Consolidated
subsidiaries
Equity method
companies
Source: Fields

・Japan Sports Marketing Inc.
・Fields Jr. Corporation
・Fields Pictures Corporation
・FutureScope Corporation.
・D3 Inc. and nine other companies
・Rodeo Co., Ltd. ・Kadokawa Haruki Corporation

Number of shareholders by
category

Financial institutions 3.84%
Securities companies 1.77%
Other companies

14.40%

Foreign companies
and others

11.41%

Individuals and others
68.58%

Copyright 2007 FIELDS CORPORATION All rights reserved. 28

Our Tracks
As a trailblazing creator pursuing more entertaining pachinko/pachislot machines■January 2004 Invested in D3 Publisher Inc.
■March 2005 Consolidated D3 Publisher Inc. as a subsidiary of theCompany.
■Established Professional Management Co.,■March 2005 Invested in Kadokawa Haruki Corporation.
Ltd., and Total Workout Corporation.

Aiming to distribute pachinko/pachislot
machines more widely■Renamed Fields Corporation■Nationwide expansion: to Tohoku,
Chugoku, Shikoku, Kansai■Established branch offices in Tokyo.

■July 2005 Invested in and consolidated J. Sakazaki Marketing INC. as a
subsidiary of the Company.

■Established White Trash
Charms Japan Co., Ltd.

■Established in Nagoya to sell pachinko/pachislot machines.
■Obtained ISO9002: 1994.

■October 2005 Integrated three subsidiaries andestablished Japan Sports Marketing Inc.
■April 2006 Consolidated thinkArts Co., Ltd.,
as a subsidiary of the Company.

■Consolidated Fields Jr.
Corporation as a subsidiary.

■April 2006 Consolidated Fields Pictures
Corporation as a subsidiary of the Company.

■Obtained ISO9001: 2000.

■October 2006 Consolidated FutureScope
Corporation. as a subsidiary of the Company.

■March 2003 Listed on JASDAQ.
88

92

95

00
01
99
■Established a sales tie-up with a pachinko/
pachislot machine manufacturer Sammy Corporation.

02

03

04

Evolution of LCD and chiptechnologies■Started to sell Rodeo’s pachinko/pachislot
machines as a sales channel of Rodeo Co., Ltd.
■Launched “Pachinko Information Station,” a CS service
for the industry in collaboration with Mitsui & Co., Ltd.
■Merged Leisure Nippon Newspaper Company and launched a new industrial
vision.
■Launched the “Hall TV” system to support pachinko hall management.

05

06

07
■May 2006 Launched a full-scale collaboration
with Olympia Co., Ltd., for a Gold Olympia brand.

■June 2005 Established G&E Corporation via joint investments ofSammy Corporation, Sankyo Corporation and Fields Corporation.

■Invested in Rodeo Co., Ltd.
■July 2003 Released Sammy pachinko machines exclusively for Fields.
■November 2003 Established business tie-up with the Sankyo Group and Bisty Co., Ltd.
■November 2004 Released the first machine made via afull-scale collaboration with Bisty Co., Ltd.

An increase in needs for enjoyment andrecreation—diversifying tastes and preferences
Based on our firm recognition of potential needs for pachislot machines
For higher recognition of and to revitalize the industry
Independent distributor of all models by all manufacturers
Source: Fields

Toward a fabless manufacturer

Toward a content provider

NEXT

Copyright 2007 FIELDS CORPORATION All rights reserved. 29

Financial Highlights
Key financial data (¥thousand)Net sales
Operating income
Ordinary income
Net income
Common stock
Net assets
Total assets
Cash flows from operating activities
Cash flows from investing activities
Cash flows from financing activities
Cash and cash equivalents at end of period

Indicators per share (Yen)Net assets per share
Annual dividend per share(Non-consolidated)
Net income per share
Management indicators (%)
Shareholders’ equity ratio
Return on equity (ROE)
Return on assets (ROA)
Payout ratio

1999.3
2000.3
2001.3
2002.3(Non-consolidated) (Non-consolidated) (Non-consolidated) (Non-consolidated)2003.3(Consolidated)2004.3(Consolidated)2005.3(Consolidated)2006.3(Consolidated)2007.3(Consolidated)

34,560,468
5,730,688
5,664,866
3,041,486
530,500
3,883,201
18,631,438
4,525,559( 724,077)
2,004,198
6,857,525

61,888,832
6,781,196
7,022,048
3,524,372
1,295,500
8,752,797
17,090,435
3,316,128( 2,253,217)(2,454,804)
5,739,061

66,211,589
11,866,578
12,209,509
6,620,253
1,295,500
14,507,820
37,115,839
851,192( 3,190,193)
2,029,999
5,437,758

81,658,011
12,097,224
12,480,571
6,926,791
7,948,036
33,426,273
72,584,547
2,965,857(5,257,154)
10,177,881
13,326,256

96,814,364
12,348,156
13,127,685
7,085,994
7,948,036
39,411,552
87,556,534
6,164,786(2,224,610)(1,540,544)
15,777,313

85,321,144
8,944,975
9,202,537
3,710,224
7,948,036
42,836,691
66,081,557
5,293,740(4,772,711)
1,488,670
17,819,928

1999.3
2000.3
2001.3
2002.3(Non-consolidated) (Non-consolidated) (Non-consolidated) (Non-consolidated)2003.3(Consolidated)2004.3(Consolidated)2005.3(Consolidated)2006.3(Consolidated)2007.3(Consolidated)

268,600

89,30596,026113,275

118,487

10,00024,000・Commemorative 10,000
dividend 10,000
・Interim dividend 10,000
・Year-end dividend 4,000

4,000・Interim dividend 2,000
・Year-end dividend 2,000

4,000・Interim dividend 2,000
・Year-end dividend 2,000

4,000・Interim dividend 2,000
・Year-end dividend 2,000

117,233

40,46519,888

20,118

10,692

2003.3(Consolidated)2004.3(Consolidated)2005.3(Consolidated)2006.3(Consolidated)2007.3(Consolidated)

51.2
55.9
39.3
7.9

39.1
56.9
45.1
(1)
20.1

46.0
28.9
22.8
20.7

45.0
19.5
16.4
20.3

62.2
9.2
12.0
(2)
37.4

11,811,500
138,791
107,358
34,842
10,00023,9385,388,131————

119,690

10,017,585
768,876
726,910262,168
10,000286,107
6,199,947————

1,430,535

11,496,060
1,700,893
1,681,106
583,081
116,000
1,069,803
6,211,821
1,105,738
269,440(920,780)
1,414,660

461,122——

15,000174,211

1,310,844

2,075,024

1,325,324
Old shares

100,000

New shares

27,398

2nd new shares

548

1,275,256

1999.3
2000.3
2001.3
2002.3(Non-consolidated) (Non-consolidated) (Non-consolidated) (Non-consolidated)

0.4
534.6
2.2
—

4.6
169.1
12.6
—

17.2
86.0
27.1
6.0

20.8
122.8
45.6
7.8
(1)

Other
Total number of sharesissued andoutstanding (shares)(3)
Number of employees (persons)

Payout ratio for the year ended March 2004 was computed including a commemorative dividend.

1999.3
2000.3
2001.3
2002.3(Non-consolidated) (Non-consolidated) (Non-consolidated) (Non-consolidated)

200
166

200
210

2,320
319

Consolidated payout ratio

2003.3(Consolidated)2004.3(Consolidated)2005.3(Consolidated)2006.3(Consolidated)2007.3(Consolidated)

32,300460

161,500
651

347,000
758

347,000
901

347,000
1,022

2,930
323
(3)

・October 2002

Source: Fields(2)

1:10 stock split

・November 2003

1:5 stock split

・September 2004

1:2 stock split

Copyright 2007 FIELDS CORPORATION All rights reserved. 30

The Group Structure(As of March 31, 2007)

Fields Corporation [2767]

PS FieldGame Field

Fields Jr. Corporation(100%)

Digital Lord Corporation(100%)

Rodeo Co., Ltd.

(35%)

Business
partner

D3 Inc. [4311]

Other Field(57.2%)

Japan Sports Marketing Inc.

(61.8%)

D3 Publisher Inc.

White Trash Charms Japan
Co., Ltd.

(100%)

Entertainment Software PublishingInc.

Fields Pictures Corporation(100%)

D3Publisher of America, Inc.
(U.S.A.)

FutureScope Corporation.

(83.3%)Sammy Corporation

D3Publisher of Europe Ltd.
(U.K.)

G&E Corporation(33.3%)Sankyo Corporation

D3DB S. r. l.
(Italy)Kadokawa Haruki
Corporation(30%)

Olympia Co., Ltd.

thinkArts Co., Ltd.

(100%)

Note: The above Group structure was prepared based on the consolidated subsidiaries and affiliates.
Source: Fields

Copyright 2007 FIELDS CORPORATION All rights reserved. 31

Fields Group Companies■Game Field■PS Field

D3 Inc.

Digital Lord Corporation■In March 2005, the Company consolidated a game publisher,■Conducts planning and development of image software

essential to the pachinko/pachislot business as well asplanning and brand management for the merchandisingbusiness of copyrighted characters. The company applies
this expertise in the pachinko, pachislot and various
merchandising businesses, to create new image software andcharacters.

Fields Jr. Corporation■Registers and manages approximately about 1,200 college

students across Japan who are involved in the delivery andinstallation of pachinko/pachislot machines. Also conducts
nationwide marketing research for about 15,000 pachinkohalls and collects information on the types of machines
installed in halls and the usage. Such information is used in
the planning and development of new machines.

D3 Publisher Inc., as a subsidiary, for content development
via various media with a global outlook.
A close business alliance with D3 Inc. reinforces the Company’s content provider
business such as revitalizing activities to obtain copyrights in Europe and the United States,
as well as enables speedy product planning, development and sales of game software.
Note: In April 2006, D3 Group shifted to a holding company system composed of D3,
Inc., a holding company, and the following operating companies: D3 Publisher Inc.
in Japan, D3Publisher of America Inc. and D3Publisher of Europe LTD.
Securities code 4311: JASDAQ■The D3 Group

http://www.d3i.co.jp/

D3 Inc.
D3 Publisher Inc.
Entertainment Software Publisher Inc.
D3Publisher of America, Inc. (U.S.A.)
D3Publisher of Europe Ltd. (U.K.)
D3DB S. r. l. (Italy)

Rodeo Co., Ltd.
■The Company invests in and is a comprehensive sales

agency of Rodeo Co., Ltd., which is a group company of a
top pachislot machine manufacturer, Sammy Corporation.
We are promoting collaborations by combining the SammyGroup’s outstanding development capability with Fields’
strong capability to produce high-profile products based on
sublicense copy rights and planning/development abilities.

thinkArts Co., Ltd.
■The Company newly consolidated as a subsidiary thinkArts

Co., Ltd., which engages in the development of image
software and game software for pachinko/pachislot
machines. In alliance with the Company’s Group companies,
the Company will steadily establish a system to produce
high-value-added digital content.
http://www.thinkarts.jp/

http://www.rodeo.ne.jp/
Source: Fields

Copyright 2007 FIELDS CORPORATION All rights reserved. 32

Fields Group Companies (Continued)■Other Field

FutureScope Corporation.

Japan Sports Marketing Inc.
■Established in October 2005 through the merger of J.

Sakazaki Marketing Inc., which became a consolidated
subsidiary in July 2005; Professional Management Co.,
Ltd.; and Total Workout Corporation. Involved in a wide
range of sports entertainment businesses such as planningand organizing of sports events, broadcasting rights
distribution, sports marketing and gym operation.

■Pursuing the further possibilities of mobile entertainment,

this company was established in October 2006 to propose amore convenient and more enjoyable lifestyle to the world.
Using Fields’ wide range of entertainment content, we will
strive to provide various entertainment services and realize
new community-type membership service applying highlevel Internet technologies.

http://www.futurescope.jp/

http://www.jsm.jp

G&E Corporation
White Trash Charms Japan Co., Ltd.
■A fashion accessories brand that originated on the U.S. West

Coast and is widely cherished by fashion leaders, including
Hollywood stars, artists and stylists. Started selling imported
products in Japan in April 2002. Opened a directly managed
shop in Roppongi Hills in April 2003. Plans are under way to
expand its product lineup.
http://www.whitetrashcharmsjapan.com

Fields Pictures Corporation■Established to create profitable content for movies andanimation.
Through the multiple use of digital content for
pachinko/pachislot and games, the Group will create its
original primary content.

Source: Fields■Via joint investments of Sankyo Corporation, Sammy

Corporation and Fields Corporation, G&E Corporation wasestablished as Japan’s first school to train human resources
for comprehensive entertainment companies.
At this school, students not only learn the basics of the industry but also improve businessskills, and systematically learn and acquire leading-edge technologies and knowledge.
Many career opportunities in the investing companies and other entertainment companies
await the graduates.
http://www.g-e.jp/

Kadokawa Haruki Corporation■Kadokawa Haruki Corporation has established a distinctive position in the
publication industry through exploring untapped genres in each field. Haruki
Kadokawa, its Special Advisor, is known as a forerunner of a media mixing
strategy that promotes multifaceted content development for publication, movies
and music, etc.
In collaboration with this company, Fields Corporation conducts joint businesses
regarding the multiple use of content held by Kadokawa Haruki Corporation, andcreates primary content and characters with the help of said company’s content
development abilities, thereby getting out of the current content provider
businesses primarily for the secondary use of existing content.
http://www.kadokawaharuki.co.jp/
Copyright 2007 FIELDS CORPORATION All rights reserved. 33

Appendix II

Copyright 2007 FIELDS CORPORATION All rights reserved. 34

PS Field

Main Titles during the First Quarter of theYear Ended March 2007
Pachinko machine

Pachislot machine
TitlesTitles■CR Neon Genesis Evangelion: Second Impact■Ore no Sora

・This evolutionary sequel to CR Neon Genesis Evangelion(cumulative sales of 120,000 machines) is certain to awaken
renewed interest in the world of Evangelion.

・A 20-inch “doughnut-vision” LCD screen.
・Features characters from the comic “Ore no Sora” by Hiroshi
Motomiya and the greatest number of special effects and features
ever put into a machine by Rodeo. The Ore Time (My Time) effectraises the level of expectations.

©GAINAX/Project E.･TV Tokyo■CR Gamera Extreme Battle©Hiroshi Motomiya / Shueisha/FIELDS©Sammy©RODEO■LOONY TUNES: BACK IN ACTION

・Features characters from the SFX monster film Gamera.
・This new pachinko machine features Gamera Chance, a scoring
system that combines the digital pachinko “7-type” and the “Wingtype” formats.
©Kadokawa Pictures ©1995 Kadokawa Pictures NH ©1996 Kadokawa Pictures NHFN ©1999 Kadokawa Pictures TNHN ©Sammy・The first product developed through a full-scale business tie-up
between Fields and OLYMPIA Co., Ltd.
・Birth of the “GOLD OLYMPIA” brand.
・Features characters such as Bugs Bunny and other cheerful and[New regulation machine]
exciting characters.

TM＆©Warner Bros.Entertainment Inc. (s06)■CR Shin Sangoku Musou■King of Mouse・Features characters from the home videogame Shin
Sangoku Musou 2, which was developed by KOEI Co., Ltd.
・CR Shin Sangoku Musou transplants the world of this hit game,where warrior heroes battle for supremacy over the land, to apachinko machine.

・Story with a motif of adventures and battles experienced by amouse and its friends.
・Large-gain type that can satisfy pachislot fans.

©KOEI Co., Ltd. All rights reserved.

Source: Fields

Copyright 2007 FIELDS CORPORATION All rights reserved. 35

PS Field

Main Titles during the Second Quarter of theYear Ended March 2007
Pachinko machine

Pachislot machine
TitlesTitles■Lord of the Rings■CR Otoko Ippiki Gaki Daisho・Features characters from the comic “Otoko Ippiki Gaki Daisho”
by Hiroshi Motomiya, a popular comic artist.
・The simple and ordinary rules of the game—win the fight or lose
it—are fully re-created in a series of powerful fight scenes.

・Boasts brand new hardware in the form of Bisty’s first-ever 15-inchfull-face LCD screen.
・Dramatic unfolding of the story and one piece of realistic action
after another spilling over from the big-screen version make players[New regulationmachine]feel just as if they were in a movie theater.

©Hiroshi Motomiya／Shueisha／FIELDS©MMV New Line Productions, Inc. All rights reserved. “The Lord of the Rings;The Return of the King” and the names of the characters, items, events and places
therein are trademarks of The Saul Zaentz Company d/b/a Tolkien Enterprises under license to New Line Productions, Inc.

■CR Matsuura Aya■Tomb Raider

・Features popular entertainer Aya Matsuura, nicknamed “Ayaya,”as its main character.
・Story of the adventures of Aya Matsuura, who blasts into orbit
with her sights set on becoming the top space idol.

・Features characters from the movie Tomb Raider based on thegame software series that has sold more than 30 million machines
worldwide since its launch.
・The new pachislot machine re-creates the excitement and thrills of
Lara Croft’s many adventures across the world.

©UP-FRONT AGENCY

Source: Fields©2006 Core Design Ltd. Lara Croft and Tomb Raider are trademarks of Core Design Ltd. All rights reserved. Eidos and the Eidos logo are trademarks of the SCi
Entertainment Group. All rights reserved.

Copyright 2007 FIELDS CORPORATION All rights reserved. 36

PS Field

Main Titles during the Third Quarterof the Year Ended March 2007
Pachinko machine

Pachislot machine
TitlesTitles■CR WINK■ROCKY BALBOA・Features the members of WINK, a duo of Japanese pop idols.
・Full use of the duo’s hit songs and real concert footage, re-creating
WINK’s doll-like stage persona.

・Features characters from the movie Rocky, which was released in
the United States in 1976, and the subsequent series.
・Using actual and 3-D CG images, this machine re-creates thestory of a boxer who becomes a great champion.
ROCKY™ & © 1976-2006 METRO-GOLDWYN-MAYER STUDIOS, INC. ALL RIGHTS RESERVED.

©Polystar Co., Ltd.

■CR Salaryman Kintaro■Dokaben・Features characters from “Salaryman Kintaro,” a comic by Hiroshi
Motomiya.
・Kintaro Chance, a well-received extra chance in the pachislot
version of Salaryman Kintaro, was re-created for the pachinko
machines.

・Features characters from the comic series “Dokaben,” which was
created by cartoonist Shinji Mizushima.
・Re-creates many well-known game scenes, including Dokaben’s
duels with his eternal rivals and the exciting play of the
distinctive team members of Meikun high school.

Hiroshi Motomiya/Shueisha/FIELDS ©Sammy

Source: Fields[New regulation machine]©Shinji Mizushima© Sammy © RODEO

Copyright 2007 FIELDS CORPORATION All rights reserved. 37

PS Field

Main Titles during the Fourth Quarterof the Year Ended March 2007
Pachinko machine

Pachislot machine
Titles[New regulation machine]
Titles■CR SEA COP■Karate-Baka Ichidai

・Realized with the collaboration of Maki Goto and Natsumi Abe,
two popular female idols.
・Features an original story in which the two young girls get motivatedand shine in the role of “sea cops” to protect ocean peace.

・Features characters from the popular comic title “Karate-Baka
Ichidai.”
・Re-creates the real thrill of heated karate battles with formidable
enemies and re-creates hero Oyama’s famous speeches andepisodes.

© UP-FRONT AGENCY/FIELDS © Sammy■CR Neon Genesis Evangelion-Kiseki no Kachiwa
・The third CR Neon Genesis Evangelion series machine.
・Newly re-creates the spectacular world of the original story bybuilding on the impressive impact and the varied and ostentatious
presentation of the preceding two series titles.
© GAINAX・Color /Project Eva.

■CR PROJECT MINERVA
・Adopts the PROJECT MINERVA game software, which was releasedby D3 Inc., a subsidiary of Fields.
・Exciting fight scenes of a SWAT-style military machine headed by
the protagonist Alicia, who is played by the popular Japanese actress
Norika Fujiwara, are enhanced by a powerful 3-D, CG-enhanced
presentation.

©Ikki Kajiwara・Jiro Tsunoda／Kodansha■PREMIUM Dynamite

・An exciting collaboration with martial arts event K-1 has brought
to the world this new pachinko machine: CR K-1 PREMIUM
Dynamite!!
・Re-creates such excitement and power that players can feel realism
as if they were in the arena.
©Mike Tyson licensed by CMI LLC■GTO©FEG/K-1/FIELDS©Sammy ©RODEO

・Features characters from the comic series “GTO.”
・Re-creates the gripping stories of Eikichi Onizuka, teaching thevalue of life to students, even while carrying out extraordinary
activities.

■Sakigake Otoko Juku

©Toru fujisawa / Kodansha

・Features characters from the “Sakigake!! Otoko Juku” comic series.
・This machine is equipped with the industry’s first 3-D, CGenhanced “Real LCD Reel” on a 13-inch full-color LCD screen.

©D3 PUBULISHER/TAITO/IMJE/FLAT-OUT/MEDIA FACTORY■SHERLOCK HOUND©Akira Miyashita / Shueisha・Toei Animation©Sammy ©RODEO

・Features characters from the “Master Detective Holmes” comicseries.
・New type of game played by reasoning and solving many tricks.
©RAI・TMS

Source: Fields

Copyright 2007 FIELDS CORPORATION All rights reserved. 38

PS Field

PS Field: Transition in the Number of machines Sold
（Unit:Machines）
Year
ended
March
2001

Year
ended
March
2002

Year ended
March 2003

Full Year Full Year Interim 2nd Half
Number of machines sold

Total

Year ended
March 2004
Interim 2nd Half

Total

Year ended
March 2005
Interim 2nd Half

Total

Year ended
March 2006
Interim 2nd Half

Total

Year ending
March 2007
1Q

2Q

Interim

3Q

4Q

2nd Half

Total

166,339 222,660 133,448 126,365 259,813 153,254 170,683 323,937 168,707 305,337 474,044 159,387 384,934 544,321 124,274 105,533 229,807 71,750 209,690 281,440 511,247

Sales ratio
Pachinko

Unit
Composition

95,631 62,809 34,823 43,876 78,699 42,575 102,456 145,031 91,157 190,943 282,100 74,344 255,317 329,661 65,637 57,634 123,271 42,026 180,526 222,552 345,823
57.5% 28.20% 26.09% 34.72% 30.29% 27.78% 60.03% 44.77% 54.03% 62.54% 59.51% 46.64% 66.33% 60.56% 52.82% 54.61% 53.64% 58.57% 86.09% 79.08% 67.64%

Pachislot

Unit
Composition

70,708 159,851 98,625 82,489 181,114 110,679 68,227 178,906 77,550 114,394 191,944 85,043 129,617 214,660 58,637 47,899 106,536 29,724 29,164 58,888 165,424
42.5% 71.80% 73.91% 65.28% 69.71% 72.22% 39.97% 55.23% 45.97% 37.46% 40.49% 53.36% 33.67% 39.44% 47.18% 45.39% 46. 36% 41.43% 13.91% 20.92% 32.36%

Agency/distribution sales ratio
Agencysales

Unit
Composition

164,705 151,423 36,840 46,569 83,409 45,892 105,718 151,610 92,584 194,221 286,805 82,152 273,980 356,132 67,938 59,143 127,081 43,098 179,988 223,086 350,167
99.01% 68.01% 27.61% 36.85% 32.11% 29.95% 61.96% 46.81% 54.87% 63.61% 60.50% 51.54% 71.18% 65.43% 54.67％ 56.04% 55.30% 60.07% 85.84% 79.27% 68.49%

Distribution
sales

Unit
Composition

1,634 71,237 96,608 79,796 176,404 107,362 64,965 172,327 76,123 111,116 187,239 77,235 110,954 188,189 56,336 46,390 102,726 28,652 29,702 58,354 161,080
0.99% 31.99% 72.39% 63.15% 67.89% 70.05% 38.04% 53.19% 45.13％ 36.39% 39.50% 48.46% 28.82% 34.57% 45.33% 43.96% 44.70% 39.93% 14.16% 20.73% 31.51%

Direct/Indirect sales ratio
Direct sale

Unit
Composition

77,268 129,020 79,859 82,989 162,848 98,305 128,291 226,596 123,338 239,310 362,648 112,917 291,982 404,899 88,448 79,340 167,788 55,124 163,379 218,503 386,291
46.45% 57.94% 59.84% 65.67% 62.78% 64.15% 75.16% 69.95% 73.10% 78.38% 76.50% 70.84% 75.85% 74.39% 71.17% 75.18% 73.01% 76.83% 77.91% 77.64% 75.56%

Indirect sales

Unit
Composition

89,071 93,640 53,589 43,376 96,965 54,949 42,392 97,341 45,369 66,027 111,396 46,470 92,952 139,422 35,826 26,193 62,019 16,626 46,311 62,937 124,956
53.55% 42.06% 40.16% 34.33% 37.32% 35.85% 24.84% 30.05% 26.90% 21.62% 23.50% 29.16% 24.15% 25.61% 28.83% 24.82% 26.99% 23.17% 22.09% 22.36% 24.44%

Source : Fields

Copyright 2007 FIELDS CORPORATION All rights reserved. 39

Disclaimer

The plans, strategies and estimates of the Company indicated in these documents, other thanactual results and facts, include potential risks and uncertainties and cannot be guaranteed.
Potential risks and uncertainties include, but are not limited to, the economic environment of
the pachinko/pachislot market in which the Company operates, market competition and the
products handled by the Company.

Source: Fields

Copyright 2007 FIELDS CORPORATION All rights reserved. 40