Summary(Translation)
FIELDS CORPORATION
Summary of Financial Information and Business Results (Consolidated)
for the Year Ended March 31, 2015 (Japan GAAP)
April 30, 2015
Listed on: TSE 1st

Company Name:
Stock code:
Representative Director:
Inquiries:
Tel:

FIELDS CORPORATION(URL: http://www.fields.biz/)
2767
Takashi Oya
President & COO
Hideaki Hatanaka
Executive Officer and General Manager, Corporate Communications Office+81-3-5784-2111
June 29, 2015
June 30, 2015
June 29, 2015
Yes
Yes (For institutional investors and security analysts)

Planned Date for Ordinary General Meeting of Shareholders:Planned Date for Start of Dividend Payment:
Planned Date for Submittal of the Financial Statements Report:
Full year earnings supplementary explanatory materials:
Full year earnings presentation:(Rounded down to the nearest million)

1. Consolidated business results for the year ended March 31, 2015 (April 1, 2014 to March 31, 2015)(Percentage figures denote year-over-year changes)(1) Operating results (cumulative total)
Net sales

Operating income

Ordinary income

Net income

Millions of yen%

Millions of yen%

Millions of yen%

Year ended March 31, 2015

99,554(13.4)

4,743(51.6)

5,491(43.8)

3,018 (43.8)

Year ended March 31, 2014

114,904

6.3

9,791

(5.1)

9,765

(4.9)

5,370

(Note) Comprehensive income

Year ended March 31, 2015: ¥3,034million (-45.7%)
Year ended March 31, 2014: ¥5,583 million (7.3%)
Net income
per share

Diluted net
income per share

Return on
equityMillions of yen

Ordinary income
to total assets

%

13.7

Operatingmargin

Yen

Yen

%

%

%

Year ended March 31, 2015

90.97

―

5.1

5.1

4.8

Year ended March 31, 2014161.83

―

9.5

9.2

8.5

(2) Financial position
Total assets

Shareholders’ equity
ratio

Net assets

Net assets per share

Millions of yen

Millions of yen%

Yen

Year ended March 31, 2015

110,316

60,24653.9

1,792.83

Year ended March 31, 2014

104,869

58,75355.6

1,756.27(Reference) Shareholders’ equity

Year ended March 31, 2015: ¥59,492 million
Year ended March 31, 2014: ¥58,279 million(3) Cash flows
Cash flow from

Cash flow from

Cash flow from

Cash and cash equivalents

operating activities

investing activities

financing activities

at end of year

Millions of yen

Millions of yen

Millions of yen

Year ended March 31, 2015

(9,086)(6,297)

1,624

15,823

Year ended March 31, 2014

16,322(8,018)(2,018)29,583

Millions of yen

2. Dividends
Annual dividends
Secondquarter-end

Firstquarter-end

Thirdquarter-end

Year-end

Annual

Yen

Yen

Yen

Yen

Yen

Year ended March 31, 2014

―

25.00

―

25.00

50.00

Year ended March 31, 2015

―

25.00

―

35.00

60.00

―

25.00

50.00

Year ending March 31, 2016―
25.00
(Forecast)(Note) Breakdown of year-end dividend for the year ended March 31, 2015
Ordinary dividend: 25 yen, Commemorative dividend: 10 yen
Total dividend(annually)

Dividend on
equity ratio(consolidated)

Payout ratio(consolidated)

Millions of yen%%

Year ended March 31, 2014

1,659

30.9

2.9

Year ended March 31, 2015

1,991

66.0

3.4

Year ending March 31, 2016
(Forecast)

47.4

3. Forecast of consolidated earnings for the fiscal year ending March 31, 2016 (April 1, 2015 to March 31, 2016)(Percentage figures denote year-over-year changes)

Net sales
Millions of yen

Operating income%

Millions of yen%

Ordinary income
Millions of yen%

Net income
attributable toowners of parent

Millions of yen

Net income
per share%

Yen

Full-year
120,000
20.5
6,000
26.5
6,500
18.4
3,500
15.9
105.47(Note) Fields Corporation discloses a full-year business forecast, as it manages its business performance on an annual basis.
*Notes(1) Transfer of important subsidiaries during the year under review (Transfer of specific subsidiaries that results in a change in thescope of consolidation): No(2) Changes in accounting principles, accounting procedures, presentation method and other factors
1) Changes due to the revision to the accounting standards, etc.: Yes
2) Changes due to any reason other than those in 1) above: No
3) Changes in accounting estimates: No4) Revisions/restatements: No(3) Number of shares issued (common stock)1) Number of shares issued at end of year (including treasury stock)
Year ended March 31, 2015
34,700,000 sharesYear ended March 31, 2014
34,700,000 shares
2) Number of shares of treasury stock at end of year
Year ended March 31, 2015
1,516,200 sharesYear ended March 31, 2014
1,516,200 shares
3) Average number of shares outstanding (quarterly consolidated cumulative period)
Year ended March 31, 2015
33,183,800 sharesYear ended March 31, 2014
33,183,800 shares* Indication of status of quarterly review procedure
This quarterly earnings report is not subject to review procedures based upon the Financial Instruments and Exchange Act. Thus,atthe time of disclosure of the financial results, the quarterly financial statement review procedures based upon the Financial
Instruments and Exchange Act have not been completed.
* Explanation of the appropriate usage of forecast earnings and other specific matters# The above forecast relies on judgments and assumptions based on information available as of the date of announcement of thismaterial, and is subject to changes in risks, uncertainties, and economy, and other factors that could cause actual results to bematerially different from expectations. Please refer to“(1) Analysis of operating results” under “1. Operating results” on page 2of the attached documents for the assumptions on which theforecast relies.
# The Company is planning to hold a results briefing for analysts and institutional investors on Friday, May 1, 2015.
Materials distributed at that briefing will be posted on the Company’s website after the briefing as soon as possible.
2○

Table of Contents of Attached Document

1. Operating results ······································································································· 2(1) Analysis of operating results ···················································································· 2(2) Analysis of financial condition ················································································· 4(3) Fundamental corporate policy for distributing profits and dividends
for the current and next fiscal years ··········································································· 6
2. Outline of the Fields Group ··························································································· 7
3. Management policies ·································································································· 8(1) Fundamental corporate management policy ·································································· 8(2) Issues to address ·································································································· 8(3) Management strategies for the medium to long term························································ 8(4) Targeted management indicators ··············································································· 8(5) Other important matters affecting corporate management·················································· 8
4. Basic Approach to Selecting Accounting Standards ······························································· 8
5. Consolidated financial statements ··················································································· 9(1) Consolidated balance sheets ···················································································· 9(2) Consolidated statements of income and consolidated statements ofcomprehensive income ························································································· 11(3) Consolidated statement of change in net assets ····························································· 14(4) Consolidated statements of cash flows ······································································· 16(5) Note regarding the Consolidated Financial Statements ···················································· 18(Note regarding the operation of the company as a going concern) ··································· 18(Basis of presentation of the consolidated financial statements) ······································· 18(Changes in accounting policies) ··········································································· 22(Accounting standards not adopted) ······································································· 22(Changes in the method of presentation) ·································································· 23(Consolidated balance sheets) ·············································································· 24(Consolidated statements of income) ······································································ 24(Consolidated statements of comprehensive income) ··················································· 26(Consolidated statements of changes in net assets) ······················································ 26(Consolidated statements of cash flows) ·································································· 27(Segment information, etc.) ················································································· 28(Per-share data) ······························································································· 29(Significant subsequent events) ············································································ 29
6. Others ··················································································································· 30(1) Personnel change in board members ········································································· 30

31. Operating results(1) Analysis of operating results[1]

Overview of operations for the year ended March 31, 2015 (April 1, 2014 to March 31, 2015)

Operating results for the fiscal year under review are as follows.
(Unit: Millions of yen)
Year ended March 31,
2014(Results)
Net salesYear ended March 31, 2015
(Originally planned)

Year-over-yearchanges

Percentage oftarget met(Results)

114,904

100,000

99,554-13.4%

99.6%

Operating income

9,791

5,000

4,743

-51.6%

94.9%

Ordinary income

9,765

5,000

5,491

-43.8%

109.8%Net income

5,370

2,500

3,018

-43.8%

120.7%Net sales and operating income were generally in line with forecasts in the fiscal year under review, while ordinary
income and net income exceeded forecasts.
In our pachinko/pachislot machine sales business in the fiscal year under review, we implemented a range of marketingmeasures to expand sales of pachinko machines installed with powerful intellectual property (IP). As a result, thenumber of machines sold exceeded forecasts for the various models, such as “CR EVANGELION 9,” and the number ofpachinko machines sold reached 302,000, up 139,000 over the previous year.
Moreover, the sale of the 3 pachislot titles launched, starting with “Pachislot BERSERK,” all surpassed forecasts. Since themodel certification test method for pachislot machines changed in September 2014, the release of the 5 titles that were tohave been launched in the fiscal year under review was delayed until the next fiscal year. As a result, the number ofpachislot machines sold stood at 97,000, down 132,000.
Total sales of pachinko/pachislot machines increased 6,000 over the previous year to 399,000.
The main initiatives to create and commercialize IP are described below.

The Group carries out a cyclical business in which it develops IP across multimedia formats as its medium- to long-term
growth strategy. This raises recognition of the IP we hold and our efforts to create IP, strengthens relationships with awide range of companies in the entertainment field and builds a collaborative system.
Our main initiatives in the fiscal year under review were to continue focusing on the creation of IP through the comic“HERO’S Monthly,” as well as bringing the stories published in this comic to the film. We also decided to expand IP into
games and pachinko/pachislot machines.
The Ultraman series generates stable revenue through multi-media expansion of this IP. We continued to broadcast the
television series and release feature films in the fiscal year under review, and endeavored to expand sales of products related
to them. In addition, overseas we went ahead with the sale of existing films and planned new films, as well as holding
full-scale events in multi-purpose facilities.
In anticipation of an overseas expansion, we planned and devised a live entertainment show utilizing the Ultraman series,
and began presenting this show.
We enhanced the efficiency of our administrative system and development system in the social game field, where we aim tobuild a revenue base from IP, and worked to improve the quality of individual titles. In particular, we added new content andheld live events linked in titles using “AKB48” IP. In addition, for smartphone games, we gradually launched new
applications combining appealing characters with game elements that engage the senses in new ways.
(Note) The product names included in this report are the trademarks or registered trademarks of the respective companies.

4

[2]

Forecasts for next fiscal year

The forecasts for the next fiscal year are shown in the table below.
(Unit: Millions of yen)
Forecast for the year ending
March 31, 2016
Net sales
Operating income
Ordinary income
Net income

Results for the year ended
March 31, 2015

120,000
6,000
6,500
3,500

Year-over-year changes

99,554
4,743
5,491
3,018

up 20.5%
up 26.5%
up 18.4%
up 15.9%

The forecasts for the next fiscal year rest on the premise that in the pachinko/pachislot field, Fields will begin selling the
products of 2 new manufacturers it has just begun dealing with, as planned. By doing so, the Company aims to expand thetotal number of machines sold and the market share.
Moreover, in the social game field, we plan to improve the game elements of existing titles, and also gradually releasehighly innovative titles.
At the same time, on the management side, we will further raise cost consciousness Company-wide, and make constructive
changes in all businesses.
(Note) Fields Corporation discloses a full-year business forecast, as it manages its business performance on an annual basis.

5(2) Analysis of financial condition[1]

Assets, liabilities and net assets(Unit: Millions of yen)

Total assets

Current fiscal year-end(as of March 31, 2015)
110,316

Previous fiscal year-end(as of March 31, 2014)
104,869

Year-over-year change
5,447

Total liabilities

50,07046,116

3,954

Total net assets

60,24658,753

1,493

AssetsCurrent assets amounted to ¥71,014 million, up ¥4,093 million year-over-year. This was primarily attributable to an increasein notes and accounts receivable—trade.
Tangible fixed assets amounted to ¥12,197 million, up ¥92 million since the end of the previous fiscal year.
Intangible fixed assets amounted to ¥4,490 million, up ¥124 million since the end of the previous fiscal year.
Investments and other assets amounted to ¥22,614 million, up ¥1,137 million year-over-year. This primarily reflected anincrease in long-term loans.
As a result of the above, total assets amounted to ¥110,316 million, up ¥5,447 million year-over-year.

Liabilities
Current liabilities amounted to ¥45,773 million, up ¥4,043 million year-over-year. The principal factor behind this wasincreases in notes and accounts payable—trade and short-term borrowings.
Fixed liabilities amounted to ¥4,296 million, down ¥89 million since the end of the previous fiscal year. This was mainly due
to a decrease in net defined benefit liability.
As a result of the above, total liabilities amounted to ¥50,070 million, up ¥3,954 million year-over-year.

Net assets
Net assets amounted to ¥60,246 million, up ¥1,493 million year-over-year. This primarily reflected an increase in retained
earnings.

6[2] Cash flows
During the fiscal year under review, cash and cash equivalents (hereinafter referred to as “cash”) decreased by ¥13,760
million year-over-year, amounting to ¥15,823 million at the end of the year ended March 31, 2015.
Cash flow for the year ended March 31, 2015 and contributing factors are as follows:(Unit: Millions of yen)
Current fiscal year

Previous fiscal year

(Year ended March 31, 2015)(Year ended March 31, 2014)

Cash flows from operating activities(9,086)

16,322

Cash flows from investing activities(6,297)(8,018)

1,720

Cash flows from financing activities

1,624(2,018)

3,643

Year-over-year change(25,408)

Cash flows from operating activities
Net cash used in operating activities amounted to ¥9,086 million (¥16,322 million of income for the same period of theprevious fiscal year). This was mainly due to income before income taxes and minority interests of ¥5,754 million, an
increase of ¥17,232 million in notes and accounts receivable—trade, depreciation and amortization of ¥2,137 million andincome taxes paid of ¥1,951 million.
Cash flows from investing activities
Net cash used in investing activities amounted to ¥6,297 million (¥8,018 million of expenditure for the same period of theprevious fiscal year). This was primarily attributable to expenditure for loans totaling ¥4,221 million, expenditure forpurchases of intangible fixed assets totaling ¥1,665 million, expenditure for purchases of tangible fixed assets totaling¥1,587 million, etc.
Cash flows from financing activities
Net cash provided by financing activities amounted to ¥1,624 million (¥2,018 million of expenditure for the same period of
the previous fiscal year). This was mainly due to proceeds from short-term loans payable totaling ¥3,380 million, dividends
paid totaling ¥1,658 million, etc.
(Reference) Trends of cash flow indicators
Year ended
March 31, 2011

Year ended
March 31, 2012

Year ended
March 31, 2013

Year ended
March 31, 2014

Year ended
March 31, 2015

Shareholders’ equity ratio (%)

59.2

54.6

51.2

55.6

53.9

Shareholders’ equity ratio at
market value (%)
Interest-bearing debt/cash flow
ratio (years)

59.9

48.6

48.2

47.4

55.0

0.2

0.2

0.1

0.0

－

Interest coverage ratio (times)

311.7

556.2

742.2

1,490.4－

Shareholders’ equity ratio: Shareholders’ equity/Total assets
Shareholders’ equity ratio at market value: Aggregate market value (based on the closing stock price at the end of theyear)/Total assets
Interest-bearing debt/cash flow ratio: Interest-bearing debt/Operating cash flow
Interest coverage ratio: Operating cash flow/Interest expense
Notes 1. All of the above indicators are calculated for their respective values on a consolidated basis.
2. Aggregate market value is calculated based on the number of shares issued excluding treasury stock.
3. Interest-bearing debt indicates all the liabilities for which interest is paid posted in the consolidated balance sheets.
4. Interest-bearing debt/cash flow ratio and interest coverage ratio are not stated in the case of negative operating cash
flows.

7

(3) Fundamental corporate policy for distributing profits and dividends for the current and next fiscal years
The Company regards the enhancement of corporate value as a principal management task, and its fundamental policy is to pay
dividends at an appropriate level that corresponds with profits. Specifically, dividends are determined on the basis of suchfactors as cash flow conditions and we will aim to achieve a consolidated payout ratio of 20% or more. The Company makes
every effort to effectively use retained earnings for investments to enhance its financial condition, strengthen the managementfoundation, expand businesses continually and secure a competitive edge.
Dividends in the fiscal year ended March 31, 2015 amounted to an interim dividend of 25 yen and a year-end dividend, which
includes the normal dividend of 25 yen and a commemorative dividend of 10 yen to mark the move of our shares to the firstsection of the Tokyo Stock Exchange (annual dividend of 60 yen). As a result, this fiscal year’s consolidated payout ratio will
be 66.0%.
With regard to the year ending March 31, 2016, the Company intends to distribute an interim dividend of ¥25 and a year-end
dividend of ¥25 (annual dividend per share of ¥50).

8

2. Outline of the Fields Group
Our Group (Fields Corporation and associated companies) includes Fields Corporation (hereafter, “the Company”), 20
subsidiaries, 11 affiliated companies and one other related company.
The following chart summarizes our business organization.

Partner companies

Affiliates

Publishingcompanies, etc.

Animation

Production
companies, etc.

Movies/TV

TV stations, film
companies, etc.

IP

□HERO’S INC.
and another equity method affilia te, and a nother non-consolidated subsidiary

IP

IP○Digita l Frontier Inc.
○Lucent Pictures Entertainment, Inc.
and 3 other consolidated subsidiaries

IP

IP

Goods and toys
manufacturers, etc.

IP

IP

IP

Sale of publications,etc.

Sale of visual data, etc.

Broadcasting of visualcontent, etc.

□SPO Entertainment Inc.

○FutureScope Corp.
○IP Bros. Inc.
○NEX ENTERTAINMENT CO., LTD.

Sale of game content, etc.

○Tsuburaya Productions Co., Ltd.
○Tota l Workout premium management Inc.
and another equity method affilia te, and 3 non-consolida ted subsidia ries, and another nonequity method affilia te

Sale of goods, toys, etc.

Users

Game companies,
etc.

Consumer products

MerchandisingInteractive media

IP

Fields Corporation

ComicsIP

Product purchasing and consigned sales

Pachinko/pachislot
manufacturers, etc.

Pachinko/Pachislot

Planning andConsignmentofdevelopment

IP○BOOOM Corporation ○MICROCABIN CORP.
○Shinnichi Technology Co., Ltd.
and another consolidated subsidiary, and another nonconsolidated subsidiary

IP
Consignmentof operations

Planning
Development(Pachinko/pachislot machine
manufacturer)□Mizuho Corp.
□NANASHOW Corporation△SANKYO CO., LTD.
and another equity method affiliate

Sale of pachinko/pachislot
machines and provision ofancillary services○Fields Jr. Corporation □SOGO MEDIA INC.
and another equity method affilia te, and a nother non-equity method affiliate○: Consolidated subsidiary □: Equity method affiliate △: Other related company

93. Management policies(1) Fundamental corporate management policy(2) Issues to address(3) Management strategies for the medium to long term
Information on the above items is not disclosed as there were no important changes from the information disclosed in thefinancial statements for the period ended in March 2013 (released on May 7, 2013).
Please use the following URL to access this financial statement.
(Company website)
http://www.fields.biz/ir/e/(Japan Exchange Group website [search site for listed companies])
http://www.jpx.co.jp/english/(4) Targeted management indicators
The managerial goal of the Fields Group is to increase its corporate value by achieving greater operational efficiency andcontinuous business expansion. It places emphasis on management indicators such as return on equity, ordinary income, andcash flow from operating activities.
(5) Other important matters affecting corporate management
None
4. Basic Approach to Selecting Accounting Standards
The Group has determined that financial statements prepared according to Japanese standards are appropriate in light of current
business conditions. We plan to appropriately address the adoption of IFRS after considering conditions in Japan and overseas.

10

5. Consolidated financial statements(1) Consolidated balance sheets(Unit: Millions of yen)
Fiscal year ended
March 31, 2015(as of March 31, 2015)

Fiscal year ended
March 31, 2014(as of March 31, 2014)
AssetsCurrent assets
Cash and cash equivalents

29,583

15,823

Notes and accounts receivable—trade29,15545,888

742

239

2,351

1,414

40

83

1,954

3,061

Merchandise and products
Work in process
Raw materials and supplies
Merchandising rights advances
Deferred tax assets

732

568

Other current assets

2,395

3,959

Allowance for doubtful accounts
Total current assets

(34)

(25)

66,921

71,014

Fixed assets
Tangible fixed assets
Buildings and structures

6,291

6,513

Accumulated depreciation(3,151)(3,365)

Net amount of buildings and structures

3,140

3,147

47

54

Accumulated depreciation

(16)

(24)

Net amount of machinery, equipment and vehicles

30

30

Machinery, equipment and vehicles

Tools, furniture and fixtures

4,143

4,590

Accumulated depreciation(3,126)(3,369)Net amount of tools, furniture and fixtures

1,016

1,221

Land

7,875

7,737

Construction in progress

41

59

Total tangible fixed assets

12,104

12,197

Intangible fixed assets
Goodwill

1,905

1,618

Other intangible fixed assets

2,460

2,872

Total intangible fixed assets

4,365

4,490

Investments and other assets
Investment securities*1Long-term loans
Deferred tax assets

15,607*1

14,564

1,787

3,770

654

840

Other assets

4,502

4,468

Allowance for doubtful accounts(1,074)(1,029)Total investments and other assets

21,477

22,614

Total fixed assets
Total assets

11

37,94839,302

104,869

110,316

(Unit: Millions of yen)
Fiscal year ended
March 31, 2015(as of March 31, 2015)

Fiscal year ended
March 31, 2014(as of March 31, 2014)
Liabilities
Current liabilities
Notes and accounts payable—trade
Short-term borrowings
Current portion of long-term borrowings
Accrued income taxes
Accrued bonuses
Accrued bonuses to directors and auditors
Reserve for returned goods unsold

33,10533,850

634

4,014

58

42

1,959

2,345

350

378

230

282

23

22

Other current liabilities

5,367

4,837

Total current liabilities
Fixed liabilities

41,73045,773Long-term borrowings

50

8

Net defined benefit liability

675

521

Other fixed liabilities

3,659

3,766

Total fixed liabilities

4,386

4,296

46,11650,070Common stock

7,948

7,948

Capital surplus

7,994

7,994

Total liabilities
Net assets
Shareholders’ equity

Retained earnings

44,54846,049Treasury stock(1,821)(1,821)

Total shareholders’ equity

58,67060,171

(262)

(567)

Accumulated other comprehensive income
Unrealized holding gain on available-for-sale securities
Foreign currency translation adjustment

(1)

(1)

Remeasurements of defined benefit plans

(126)

(109)

Total accumulated other comprehensive income

(390)

(679)

Minority interest

473

753

Total net assets

58,75360,246

104,869

110,316

Total liabilities and net assets

12(2) Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income
Fiscal year ended March 31, 2014
(April 1, 2013–March 31, 2014)
114,904(Unit: Millions of yen)
Fiscal year ended March 31, 2015
(April 1, 2014–March 31, 2015)
99,55481,092

71,086Gross profit

33,812

28,468Selling, general and administrative expenses
Advertising expenditures

4,305

3,541

5,859

6,222

285

306

Net sales
Cost of sales*4

Salaries
Provision for accrued bonuses
Retirement benefit expenses

6

118

2,451

2,394

Travel and transport expenses

551

598

Depreciation and amortization

1,268

1,474

Rents

2,062

2,022

Outsourcing expenses

Provision to allowance for doubtful accounts(3)

3

Amortization of goodwill

323

325

Provision for accrued bonuses to directors andauditors
Others

230

282

6,681

6,436

Total selling, general and administrative expenses

24,02023,724

9,791

4,743

Operating income
Non-operating income
Interest income

3676

Dividend income

187

196

Discounts on purchases

125

289

Lease income

47

93

Gain on management of investment securities

322-

Equity method investment gain

384

187

Distributions from investments

44

135

Others

166

233

1,313

1,213

Total non-operating income
Non-operating expenses
Interest expense

10

12

Amortization of equity investment

295

254

Financing expenses-

124

Provision to allowance for doubtful accounts

940-

Others93

73

Total non-operating expenses
Ordinary income

13

1,339

465

9,765

5,491

(Unit: Millions of yen)
Fiscal year ended March 31, 2015
(April 1, 2014–March 31, 2015)

Fiscal year ended March 31, 2014
(April 1, 2013–March 31, 2014)
Extraordinary income
Gain on sale of fixed assets

1

*1

11

Gain on sales of investment securities

28

467

Others-0

Total extraordinary income

29

479

19

104

Extraordinary losses
Loss on litigation charges*2

Loss on disposal of fixed assets
Impairment loss

*3

55

*2

88

20

*3

12

Business reorganization costs

66-

Losses on withdrawal from employees' pension
fund
Others

24

-

20

10

Total extraordinary losses

207

215

9,588
3,940

5,754
2,425

Income before income taxes and minority interests
Corporate, inhabitant and enterprise taxes

203

4

Total income taxes

4,143

2,430

Income before minority interests

5,444

3,324

74

305

5,370

3,018

Deferred income taxes

Minority interests
Net income

14Consolidated statements of comprehensive income

Income before minority interests(Unit: Millions of yen)
Fiscal year ended March 31, 2014 Fiscal year ended March 31, 2015
(April 1, 2013–March 31, 2014)(April 1, 2014–March 31, 2015)
5,444
3,324

Other comprehensive income
Unrealized holding gain on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, before tax

138

(307)

0

(0)

-

Total other comprehensive income*

Comprehensive income

138

17
*

(290)

5,583

3,034

5,505

2,730

77

304

(Breakdown)Comprehensive income attributable to owners of theparentComprehensive income attributable to minority
interests15

(3) Consolidated statement of change in net assets
Fiscal year ended March 31, 2014 (April 1, 2013–March 31, 2014)(Unit: Millions of yen)
Shareholders’ equity
Common stock
Balance at beginning of the year

Capital surplus

7,948

Retained earnings

7,994

Total shareholders’equityTreasury stock

40,835(1,821)

54,957

Amount of changes during the year
Dividends from surplus(1,659)(1,659)Net income

5,370

5,370

1

1

Change of scope of consolidation
Net amount of changes in items notincluded in shareholders’ equity
during the year
Total amount of changes during the year
Balance at end of the year

-

-

3,712

-

3,712

7,948

7,994

44,548(1,821)

58,670

Accumulated other comprehensive income

Balance at beginning of the year

Unrealized
holding gain on
available-for-salesecurities

Foreign currencytranslation
adjustment

Remeasurementsof defined
benefit plans

Total
accumulated othercomprehensive
income

(397)

(1)

-

(398)

Minority
interest

539

Total net
assets

55,098Amount of changes during the year
Dividends from surplus(1,659)Net income

5,370
1

Change of scope of consolidation
Net amount of changes in items notincluded in shareholders’ equity
during the year

135

0

(126)

8

(65)

(57)

Total amount of changes during the year

135

0

(126)

8

(65)

3,654

Balance at end of the year

(262)

(1)

(126)

(390)

473

58,75316

Fiscal year ended March 31, 2015 (April 1, 2014–March 31, 2015)(Unit: Millions of yen)
Shareholders’ equity
Common stock
Balance at beginning of the year

Capital surplus

7,948

Retained earnings

7,994

44,548Cumulative effect of changes inaccounting policies
Balance at beginning of the year
reflecting changes in accounting policies

Total shareholders’equityTreasury stock(1,821)

58,670

142
7,948

7,994

142

44,690(1,821)

58,812

Amount of changes during the year
Dividends from surplus(1,659)(1,659)Net income

3,018

3,018

Net amount of changes in items notincluded in shareholders’ equity
during the year
Total amount of changes during the year
Balance at end of the year

-

-

1,359

-

1,359

7,948

7,994

46,049(1,821)60,171

Accumulated other comprehensive income

Balance at beginning of the year
Cumulative effect of changes inaccounting policies
Balance at beginning of fiscal year
reflecting changes in accounting policies

Unrealized
holding gain on
available-for-salesecurities

Foreign currencytranslation
adjustment

Remeasurementsof defined
benefit plans

Total
accumulated othercomprehensive
income

(262)

(1)

(126)

(390)

Minority
interest

473

Total net
assets

58,753
142

(262)

(1)

(126)

(390)

473

58,895

Amount of changes during the year
Dividends from surplus(1,659)Net income

3,018

Net amount of changes in items notincluded in shareholders’ equity
during the year

(305)

(0)

17

(288)

280

(8)

Total amount of changes during the year

(305)

(0)

17

(288)

280

1,351

Balance at end of the year

(567)

(1)

(109)

(679)

753

60,24617

(4) Consolidated statements of cash flows
Fiscal year ended March 31, 2014
(April 1, 2013–March 31, 2014)(Unit: Millions of yen)
Fiscal year ended March 31, 2015
(April 1, 2014–March 31, 2015)

Income before income taxes and minority interests

9,588

5,754

Depreciation and amortization

Cash flows from operating activities
2,164

2,137

Impairment loss

20

12

Amortization of goodwill

323

325

Increase (decrease) in allowance for doubtful accounts

930

(54)

Increase (decrease) in accrued bonuses

49

28

Increase (decrease) in accrued bonuses to directors
and auditors
Increase (decrease) in net defined benefit liability

-

52

(53)

102

Interest and dividend income

(223)

(272)

Discounts on purchases

(125)

(289)

Equity method investment loss (gain)

(384)

(187)

Interest expense

10

12

Amortization of equity investment

471

454

Loss (gain) on sales of investment securities

(28)

(467)

13,078(17,232)

(941)

1,396

Decrease (increase) in notes and accounts
receivable—trade
Decrease (increase) in inventories
Decrease (increase) in merchandising right advances

71

(966)

Decrease (increase) in prepaid expenses

360

73

Decrease (increase) in advance payments

(96)

14

(3,132)

1,317

Increase (decrease) in notes and accounts
payable—trade
Increase (decrease) in other accounts payable

(464)

21

Increase (decrease) in accrued consumption taxes

(21)

380

Increase (decrease) in deposits received

292

(361)

Others124375

Subtotal

22,015(7,369)Interest and dividends received

247

246

Interest paid

(10)

(12)

Income taxes (paid) refund(5,929)(1,951)

Net cash provided by (used in) operating activities

16,322(9,086)(2,035)(1,587)

Cash flows from investing activities
Purchases of tangible fixed assets
Proceeds from sale of tangible fixed assets

16

380

(1,414)(1,665)

Proceeds from sales of investment securities

40

828

Proceeds from redemption of investment securities

783

414

(1,209)(48)(3,000)

-

(209)

(461)

Expenditure for loans(930)(4,221)

Collection on loans

12

788

(122)

(162)

Purchases of intangible fixed assets

Expenditure for acquiring shares in affiliates
Expenditures for the acquisition of other affiliatedcompanies’ investment securities
Expenditure for equity investment

Payments for deposits and guarantees
Proceeds from cancellation of deposits and guarantees

195

126

Others

(145)

(688)

(8,018)(6,297)

Cash flows from investing activities
18

Fiscal year ended March 31, 2014
(April 1, 2013–March 31, 2014)(Unit: Millions of yen)
Fiscal year ended March 31, 2015
(April 1, 2014–March 31, 2015)

113

3,380

Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Repayment of long-term borrowings
Dividends paid
OthersNet cash provided by (used in) financing activities

(122)

(58)

(1,657)(1,658)

(352)

(38)

(2,018)1,624

Effect of exchange rate changes on cash and cash
equivalents
Increase (decrease) in cash and cash equivalents

0

-

6,284

(13,760)

Cash and cash equivalents at beginning of the year

23,30929,583

Increase (decrease) in cash and cash equivalents
resulting from change of scope of consolidation
Cash and cash equivalents at end of the year

(10)

-

*

19

29,583*

15,823

(5) Note regarding the Consolidated Financial Statements(Note regarding the operation of the company as a going concern)
No relevant items(Basis of presentation of the consolidated financial statements)
1. Scope of consolidation(1) Number of consolidated subsidiaries: 15
Names of consolidated subsidiaries:
Fields Jr. Corporation
Shinnichi Technology Co., Ltd.
MICROCABIN CORP.
Lucent Pictures Entertainment, Inc.
Total Workout premium management Inc.
FutureScope Corporation
Digital Frontier Inc.
Digital Frontier (Taiwan) Inc.
IP Bros. Incorporated
Fly Studio SDN, BHD
GEMBA Inc.
NEX ENTERTAINMENT CO., LTD.
BOOOM Corporation
Tsuburaya Productions Co., Ltd.
XAAX Inc.

(2) Names of non-consolidated subsidiaries:
HERO‘S Properties Corporation
TOKYO DEBUG Inc.
Anonymous partnership financing Nishiazabu 2-chome kaihatsu project, LLC
K-1 INTERNATIONAL Corporation
APE Inc.
In the consolidated fiscal year under review, GLOWZ Inc. changed its business name to TOKYO DEBUG Inc.
Reason for excluding from the scope of consolidation:
Non-consolidated subsidiaries have been excluded from consolidation owing to their small size and the fact that in no case dotheir aggregate total assets, net sales, net income (proportionate to equity stakes held) and retained earnings (proportionate toequity stakes held), etc. have a material impact on the consolidated financial statements.

20

2. Application of equity method(1) Number of subsidiaries and affiliates accounted for using the equity method: 9Names of subsidiaries and affiliates accounted for using the equity method
X'stina Inc.
Mizuho Corp.
HERO’S INC.
Japan Amusement Broadcasting Corp.
NANASHOW Corporation
RODEO Co., Ltd.
SOGO MEDIA INC.
SPO Inc.
Kadokawa Haruki Corporation(2) Names of non-consolidated subsidiaries and affiliates not accounted for using the equity method:
HERO‘S Properties Corporation
TOKYO DEBUG Inc.
Anonymous partnership financing Nishiazabu 2-chome kaihatsu project, LLC
K-1 INTERNATIONAL Corporation
APE Inc.
GLAMOROUS co., ltd.
G&E Corporation
In the consolidated fiscal year under review, GLOWZ Co., Ltd. changed its business name to TOKYO DEBUG Inc.
Reason for not applying the equity method:
These companies have a negligible impact on net income (proportionate to equity stakes held) and retained earnings(proportionate to equity stakes held) and have no significance as a whole, so they have been excluded from the application of
the equity method.
(3) Matters requiring clarification concerning procedures for application of the equity method:
With regard to companies accounted for by the equity method whose year-end settlement date differs from that for
consolidated accounts, the financial statements relating to those companies’ business years are utilized.
3. Business years of consolidated subsidiaries
The accounts settlement dates of consolidated subsidiaries correspond with the Company’s consolidated accounts settlement
date.

21

4. Accounting standards(1) Valuation standards and methods for important assets[1]

Marketable securities
Held-to-maturity bonds:
Carried at amortized cost (straight-line method)
Other marketable securities
Securities with market prices:Stated at market value based on market price as of the consolidated balance sheet date (unrealized gains or losses
are charged or credited directly to net assets, with the cost of securities sold determined by the moving averagemethod).
Securities without market prices:Stated at cost determined by the moving average method.

[2]

Derivatives:
Stated at market value[3]

Inventories
Inventories held for purposes of ordinary sales
Valuation policy for inventories held for purposes of ordinary sales is based on a cost basis (which reduces the bookvalue of assets whose profitability is diminished).
a.

Merchandise
Fields Corporation:
Used pachinko/pachislot machines
Specific identification method
OthersMoving average method
Consolidated subsidiaries:
Periodic average method

b. Work in process
Consolidated subsidiaries:
Specific identification methodc. Raw materials
The Company and its consolidated subsidiaries
Moving average methodd. Supplies
Last purchase price method(2) Depreciation methods for important depreciable assets[1]

Tangible fixed assets
Declining-balance method for the Company and domestic consolidated subsidiaries
However, the straight-line method is applied to buildings (excluding building fixtures) acquired on and after April 1,
1998.
The estimated useful lives of depreciable assets are as follows.
Buildings and structures: 2–50 years
Machines and conveyors: 2–12 years
Tools, furniture and fixtures: 2–20 years

22

[2]

Intangible fixed assets
Straight-line method
The straight-line method is applied to software for company use, based on its useful life within the Company (5 years).

[3]

Long-term prepaid expenses
Straight-line method(3) Accounting standards for important reserves[1]

Allowance for doubtful accounts
To provide against losses from doubtful accounts, allowances for ordinary receivables are provided using a rate
determined by past collection experience, and allowances for specific debts considered doubtful are accounted for by
calculating the estimated amounts deemed uncollectible after individually reviewing collectability of the debts.

[2]

Accrued bonuses
To provide for employee bonuses, the Company and some of its consolidated subsidiaries recognize the amounts out ofthe projected bonus payments to be allocated during the year under review.

[3]

Accrued bonuses to directors and auditors
To provide for bonuses to directors and auditors, the Company recognizes the amounts corresponding to the year underreview based on the projected bonus payments in the year under review.

[4]

Provision for sales returns
To provide against losses in future sales returns, some of the consolidated subsidiary companies factor in the projectedamount of losses from such returns in advance.

(4) Accounting standards for retirement benefits[1]

Method of attributing estimated retirement benefits to accounting periods
When calculating retirement benefit obligations, the benefit formula basis is used to attribute the service period throughthe end of the current fiscal period.

[2]

Recognition of actuarial differences and prior service liabilities
Actuarial differences are amortized in the year following their occurrence using the straight-line method over a certain
period (5 years) not exceeding the employees’ average remaining service period as of the time of their occurrence.

[3] Use of simplified method for small companies
Some consolidated subsidiaries use a simplified method, which assumes the Company’s retirement benefit obligations tobe equivalent to the benefits payable assuming the voluntary retirement of all employees at the fiscal year-end, tocalculate net defined benefit liability and retirement benefit expenses.
(5) Amortization method for goodwill and the amortization period
Goodwill is amortized equally for a reasonable number of years within 10 years, estimating the period when its effect isgenerated.
(6) Scope of funds in consolidated statements of cash flows
Funds include cash on hand, demand deposits, and short-term investments maturing or redeemable within 3 months after
acquisition that are highly liquid, easily convertible into cash, and exposed to low price-fluctuation risk.
(7) Other significant matters in the preparation of the consolidated financial statements
Accounting for consumption taxes
Regarding the accounting for consumption tax and local consumption tax, using the before-tax formula, consumption tax
excluding asset-related deductions and local consumption tax will be treated as costs of the year under review.

23

(Changes in accounting policies)(Adoption of Accounting Standard for Retirement Benefits, etc.)
The Company adopted the stipulations in Article 35 of the Accounting Standard for Retirement Benefits (AccountingStandards Board of Japan [ASBJ] Statement No. 26 of May 17, 2012; hereafter, “Accounting Standard for Retirement
Benefits”) and Article 67 of Guidance on Accounting Standard for Retirement Benefits (ASBJ Guidance No. 25 of
May 17, 2012; hereafter, “Guidance”) as of the consolidated fiscal year under review. Accordingly, the Company
revised its method for calculating retirement benefit obligations and service costs, and changed its method of
attributing expected retirement benefits to periods from the straight-line basis to a benefit formula basis. The methodfor determining the discounting rate has been changed to a method using a single weighted average discount rate
reflecting the estimated payment period and the amount for each estimated payment period of the retirement benefit.
With respect to the adoption of the Accounting Standard for Retirement Benefits and other, in accordance with thetransitional accounting as stipulated in Article 37 of the Accounting Standard, the impact of the changes in calculation
methods for retirement benefit obligations and service costs has been reflected in retained earnings at the beginning of
the consolidated fiscal year under review.
As a result, net defined benefit liability decreased ¥220 million and retained earnings increased ¥142 million at the
beginning of the consolidated fiscal year under review. Operating income, ordinary income and income before income
taxes and minority interests each increased ¥13 million in the consolidated fiscal year under review.

(Accounting standards not adopted)▪ “Accounting Standard for Business Combination” (ASBJ Statement No. 21, September 13, 2013)▪ “Accounting Standard for Consolidated Financial Statements” (ASBJ Statement No. 22, September 13, 2013)▪ “Accounting Standard for Business Divestitures” (ASBJ Statement No. 7, September 13, 2013)▪ “Accounting Standard for Earnings per Share” (ASBJ Statement No. 2, September 13, 2013)▪ “Guidance on Accounting Standard for Business Combinations and Accounting Standard for Business Divestitures”(ASBJ Guidance No. 10, September 13, 2013)▪ “Guidance on Accounting Standard for Earnings per Share” (ASBJ Guidance No. 4, September 13, 2013)(1) Outline
These accounting standards were revised, primarily as related to (1) accounting for changes in parent company’sownership of a subsidiary in the event that the parent company retains control through an additional acquisition ofstocks in a subsidiary; (2) accounting for costs related to acquisition; (3) presentation of net income in current fiscal
year and change from minority interest to non-controlling interests; and (4) provisional accounting treatment.
(2) Scheduled implementation date
The accounting standards will be adopted from the beginning of the fiscal year ending March 31, 2016. Provisional
accounting treatment will be adopted from business combinations taking place from the beginning of the fiscal year
ending March 31, 2016.
(3) Impact of the implementation of these accounting standards
The impact is currently being assessed during the preparation of these consolidated financial statements.

24

(Changes in the method of presentation)(Consolidated statements of income-related)
The amount of distributions from investments that was contained in others under non-operating income during the previous
fiscal year has exceeded 10% of the total amount of non-operating income, and is listed separately from the current fiscal year.
The financial statements from the previous fiscal year have been reclassified to reflect this change in presentation.
As a result, the ¥210 million that was stated as others under non-operating income in the consolidated statements of income
for the previous fiscal year was reclassified to be stated as ¥44 million for distributions from investments and ¥166 million forothers.
The amount of loss on litigation charges that was contained in others under extraordinary losses during the previous fiscal year
has exceeded 10% of the total amount of extraordinary loss, and is listed separately from the current fiscal year. The financial
statements from the previous fiscal year have been reclassified to reflect this change in presentation.
As a result, the ¥39 million that was stated as others under extraordinary losses in the consolidated statements of income forthe previous fiscal year was reclassified to be stated as ¥19 million for loss on litigation charges and ¥20 million for others.
(Consolidated statement of cash flows-related)
Because the materiality of gain on sales of investment securities that was contained in others under cash flow from operating
activities during the previous fiscal year has increased, it is now listed separately from the current fiscal year. The financial
statements from the previous fiscal year have been reclassified to reflect this change in presentation.
As a result, the ¥96 million that was stated as others in cash flow from operating activities in the consolidated statement ofcash flows for the previous fiscal year was reformatted to be stated as a negative ¥(28) million for gain on sales of investment
securities and ¥124 million for others.
Because the materiality of proceeds from sale of tangible fixed assets and proceeds from sales of investment securities thatwere contained in others under cash flow from investing activities during the previous fiscal year has increased, it is now
listed separately from the current fiscal year. The financial statements from the previous fiscal year have been reclassified toreflect this change in presentation.
As a result, the negative ¥(88) million that was stated as others in cash flow from investing activities in the consolidated
statement of cash flows for the previous fiscal year was reformatted to be stated as ¥16 million for proceeds from sale oftangible fixed assets, ¥40 million for proceeds from sales of investment securities and a negative ¥(145) million for others.

25

(Consolidated balance sheets)*1. Related to non-consolidated subsidiaries and affiliates
Fiscal year ended March 31, 2014(as of March 31, 2014)

Fiscal year ended March 31, 2015(as of March 31, 2015)

Investment securities (shares)¥ 5,330 million¥ 5,505 million

Investment securities (Investments
in anonymous partnerships)¥ 3,000 million¥ 3,000 million

2. Contingent liabilities
The Company provides payment guarantees for sales of pachinko/pachislot machines to pachinko halls frompachinko/pachislot machine manufacturers when acting as a representative in such sales.
Fiscal year ended March 31, 2014(as of March 31, 2014)

Fiscal year ended March 31, 2015(as of March 31, 2015)

GAIA¥92 million¥136 million

Ichiroku Shoji¥27 million¥79 million

Shinnippo¥6 million¥63 million

The City¥12 million¥46 million

Taisei Kanko¥28 million¥29 million

Asahi Shoji¥8 million¥27 million

Astory-Two.com Corporation¥2 million¥21 million

Tanashi Family Land¥11 million¥20 million

Big Shot¥10 million¥16 million

OHTA INC.

¥- million¥16 million¥475 million¥598 million¥676 million¥1,056 million

OthersTotal
3.

Overdraft agreements and loan commitments
To raise working capital efficiently, the Fields Group has concluded an overdraft agreement and a loan commitment withbanks.
Unutilized balances under these agreements as of March 31, 2015 were as follows:
Fiscal year ended March 31, 2014(as of March 31, 2014)

Fiscal year ended March 31, 2015(as of March 31, 2015)

Overdraft limit and totalcommitment line

¥17,000 million¥32,000 million

Borrowings outstanding¥- million¥3,800 million¥17,000 million¥28,200 million

Fiscal year ended March 31, 2014
(April 1, 2013–March 31, 2014)¥1 million¥0 million¥0 million¥1 million

Fiscal year ended March 31, 2015
(April 1, 2014–March 31, 2015)¥0 million¥0 million¥10 million¥11 million

Difference(Consolidated statements of income)*1 Profit on sales of fixed assets:

Machinery, equipment and vehicles
Tools, furniture and fixtures
Land
Total

26

*2 Loss on disposal of fixed assets:

Buildings and structures
Tools, furniture and fixtures
Construction in progress
Software
Total

Fiscal year ended March 31, 2014 Fiscal year ended March 31, 2015
(April 1, 2013–March 31, 2014)(April 1, 2014–March 31, 2015)¥20 million¥57 million¥4 million¥16 million¥20 million¥- million¥9 million¥14 million¥55 million¥88 million*3 Impairment loss
The Fields Group has stated an impairment loss for the assets set out below.
Fiscal year ended March 31, 2014 (April 1, 2013–March 31, 2014)
Usage
Type
Location
AmountFood service outlets
Buildings and structures, etc.
Minato-ku, Tokyo¥20 million

The Group is engaged in a single business domain, and thus it groups its business assets into the smallest unit that generates
cash flow.
Because a decision was made to close food service outlets, the book value was reduced to the recoverable amount, and thisreduction was recognized as a loss.
The breakdown shows ¥7 million on the buildings and structures, ¥10 million on tools, furniture and fixtures and ¥2 million on
software.
The recoverable value of these properties has been calculated on the basis of value in use because net selling prices are notavailable, however such recoverable value is appraised at ¥0 because no future cash flow is expected.
Fiscal year ended March 31, 2015 (April 1, 2014–March 31, 2015)
Usage
Type
Location
AmountFood service outlets
Tools, furniture and fixtures
Minato-ku, Tokyo¥1 million

The Group is engaged in a single business domain, and thus it groups its business assets into the smallest unit that generates
cash flow.
Because a decision was made to close food service outlets, the book value was reduced to the recoverable amount, and thisreduction was recognized as a loss.
The breakdown shows ¥1 million on tools, furniture and fixtures.
The recoverable value of these properties has been calculated on the basis of value in use because net selling prices are notavailable, however such recoverable value is appraised at ¥0 because no future cash flow is expected.
Usage
Type
Location
AmountOffices
Buildings and structures, etc.
Shibuya-ku, Tokyo¥10 million

The Group is engaged in a single business domain, and thus it groups its business assets into the smallest unit that generates
cash flow.
Because a decision was made to move offices, the book value was reduced to the recoverable amount, and this reduction wasrecognized as a loss.
The breakdown shows ¥10 million on the buildings and structures.
The recoverable value of these properties has been calculated on the basis of value in use because net selling prices are notavailable, however such recoverable value is appraised at ¥0 because no future cash flow is expected.
*4 Inventory at the end of the year under review is the amount after book-value reduction due to lower profitability and thefollowing loss on valuation of inventories is included in cost of sales.
Fiscal year ended March 31, 2014
(April 1, 2013–March 31, 2014)¥306 million
27

Fiscal year ended March 31, 2015
(April 1, 2014–March 31, 2015)¥- million

(Consolidated statements of comprehensive income)* Recycling and tax effects related to other overall income
Fiscal year ended March 31, 2014
(April 1, 2013–March 31, 2014)

Fiscal year ended March 31, 2015
(April 1, 2014–March 31, 2015)

Differences that arose during the current fiscal year

¥461 million¥37 million

Amount of recycling¥(250) million¥(467) million

Pre-tax adjustments¥210 million¥(429) million

Amount of tax effects¥72 million¥(122) million

Unrealized holding gain on available-for-sale securities¥138 million¥(307) million

Differences that arose during the current fiscal year

¥0 million¥(0) million

Amount of recycling¥- million¥- million

Pre-tax adjustments¥0 million¥(0) million

Amount of tax effects¥- million¥- million

Foreign currency translation adjustment¥0 million¥(0) million

Differences that arose during the current fiscal year¥- million¥(9) million

Amount of recycling¥- million¥44 million

Pre-tax adjustments¥- million¥35 million

Amount of tax effects¥- million¥17 million

Remeasurements of defined benefit plans, before tax¥- million¥17 million¥- million¥- million¥138 million¥(290) million

Unrealized holding gain on available-for-sale securities

Foreign currency translation adjustment

Remeasurements of defined benefit plans, before tax

Share of other comprehensive income of associates
accounted for using equity method
Differences that arose during the current fiscal year
Total other comprehensive income(Consolidated statements of changes in net assets)
Fiscal year ended March 31, 2014 (April 1, 2013–March 31, 2014)

1 Shares issued
Type
Common stock (shares)

As of April 1, 2013
34,700,000

Increase

As of April 1, 2013
1,516,200

Increase

Decrease--

As of March 31, 2014
34,700,000-

As of March 31, 2014
1,516,200

2 Treasury shares
Type
Common stock (shares)

Decrease-

3 Stock acquisition rights
No relevant items

28

4 Dividends(1) Dividends paid
Resolution

Total dividends
paid(Millions of yen)Type

Ordinary General Meeting of
Shareholders on June 19, 2013
Meeting of the Board of
Directors on November 6, 2013

Amount ofdividends per
share (Yen)Record date

Effective date

March 31, 2013

June 20, 2013

Common stock

829

25

Common stock829

25 September 30, 2013 December 3, 2013

(2) Dividends for which the record date had occurred during the fiscal year ended March 31, 2014, but the effective dateoccurred during the fiscal year ended March 31, 2015 or thereafter
Resolution

Source forpayment ofdividends

Total dividends
paid

Type

(Millions of yen)

Ordinary General Meeting ofCommon stock
Shareholders on June 18,
2014

Amount ofdividends per
share (Yen)

Retainedearnings

829

Record date

25 March 31, 2014

Effective dateJune 19, 2014

Fiscal year ended March 31, 2015 (April 1, 2014–March 31, 2015)
1 Shares issued
Type

As of April 1, 2014

Increase

Decrease

34,700,000

Common stock (shares)-

As of March 31, 2015-

34,700,000

2 Treasury shares
Type

As of April 1, 2014

Increase

Decrease

1,516,200

Common stock (shares)-

As of March 31, 2015-

1,516,200

3 Stock acquisition rights
No relevant items

4 Dividends(1) Dividends paid
Resolution

Total dividends
paid(Millions of yen)Type

Ordinary General Meeting of
Shareholders on June 18, 2014
Meeting of the Board of
Directors on October 31, 2014

Amount ofdividends per
share (Yen)Record date

Effective date

March 31, 2014

June 19, 2014

Common stock

829

25

Common stock829

25 September 30, 2014 December 2, 2014

(2) Dividends for which the Record date occurred during the fiscal year ended March 31, 2015, but the effective date will
occur during the fiscal year ending March 31, 2016 or thereafter
Resolution

Type

Total dividends
paid(Millions of yen)

Ordinary General
Meeting of Shareholders
on June 29, 2015

Common stock

1,161

Source forpayment ofdividends

Amount ofdividends per
share (Yen)

Retainedearnings

Record date

35 March 31, 2015

Effective dateJune 30, 2015

Note: Dividends per share includes the commemorative dividend of 10 yen.
(Consolidated statements of cash flows)* Difference between cash and cash equivalents as of the end of the fiscal year and cash amounts stated on the consolidatedbalance sheets
Fiscal year ended March 31, 2014
Fiscal year ended March 31, 2015
(April 1, 2013–March 31, 2014)(April 1, 2014–March 31, 2015)
Cash and cash deposit accounts
Time deposits for which depositing period
exceeds 3 months
Cash and cash equivalents

29¥29,583 million¥15,823 million¥- million¥- million¥29,583 million¥15,823 million

(Segment information, etc.)(Segment information)
This statement is omitted as the Group engages in a single segment.
(Related information)
Fiscal year ended March 31, 2014 (April 1, 2013–March 31, 2014)
1

Information on each product and service
Information on each product and service has been omitted because net sales to external customers in a single product orservice category accounted for more than 90% of net sales in the consolidated statement of income.

2

Information on each region(1) Net sales
Information on net sales in each region has been omitted because net sales to external customers in Japan accounted formore than 90% of net sales in the consolidated statement of income.

(2) Tangible fixed assets
Information on the amount of tangible fixed assets has been omitted because the amount of tangible fixed assets in Japanaccounted for more than 90% of the amount of tangible fixed assets in the consolidated balance sheet.
3

Information on each major customer
Information on major customers has been omitted because there is no external customer for which net sales represents 10%of net sales of the consolidated statements of income.
Fiscal year ended March 31, 2015 (April 1, 2014–March 31, 2015)

1

Information on each product and service
Information on each product and service has been omitted because net sales to external customers in a single product orservice category accounted for more than 90% of net sales in the consolidated statement of income.

2

Information on each region(1) Net sales
Information on net sales in each region has been omitted because net sales to external customers in Japan accounted formore than 90% of net sales in the consolidated statement of income.
(2) Tangible fixed assets
Information on the amount of tangible fixed assets has been omitted because the amount of tangible fixed assets in Japanaccounted for more than 90% of the amount of tangible fixed assets in the consolidated balance sheet.

3

Information on each major customer
Information on major customers has been omitted because there is no external customer for which net sales represents 10%of net sales of the consolidated statements of income.
(Information relating to impairment loss of fixed assets by reportable segment)This information has been omitted because the Group has only one segment.
(Information relating to goodwill amortization and unamortized balance by reportable segment)This information has been omitted because the Group has only one segment.
(Information relating to gain on bargain purchase by reportable segment)
No relevant items

30

(Per-share data)
Fiscal year ended March 31, 2014(as of March 31, 2014)(Unit: Yen)
Fiscal year ended March 31, 2015(as of March 31, 2015)

Net assets per share

1,756.27

1,792.83

Net income per share

161.83

90.97

Item

(Notes) 1. Since no latent shares exist, the amount of diluted net income per share is not stated.
2. The basis for calculation of the amount of net income per share is as follows:
Item

Fiscal year ended March 31, 2014
(April 1, 2013–March 31, 2014)

Fiscal year ended March 31, 2015
(April 1, 2014–March 31, 2015)

Net income (millions of yen)

5,370

3,018

-

-

Net income related to common shares (millions of yen)

5,370

3,018

Average number of shares of common stock outstanding(shares)

33,183,800

33,183,800

Amount not allocable to common stockholders(millions of yen)

Outline of latent shares not reflected in the calculationof diluted net income per share since they have no
dilutive effect———(Significant subsequent events)
No relevant items

31

———

6. Others(1) Personnel change in board members[1]

Change in representatives of the Company
No relevant items[2]

Change in other (Planned for June 29, 2015)
1. Appointment of candidates for directors
These candidates are to be appointed at the 27th Annual General Meeting of Shareholders, to be held on June 29, 2015.
The candidates will be appointed at the 27th General Shareholders Meeting to be held on June 29, 2015.
<Candidates for director>
Name
Hidetoshi Yamamoto (reappointment)
Takashi Oya (reappointment)
Kiyoharu Akiyama (reappointment)
Tetsuya Shigematsu (reappointment)
Masakazu Kurihara (reappointment)
Akira Fujii (reappointment)
Kenichi Ozawa (reappointment)
Hiroyuki Yamanaka (reappointment)
Hideo Ito (reappointment)
Teruo Fujishima (reappointment)
Nobuyuki Kikuchi (reappointment)
Eiichi Kamagata (new appointment)
Shigesato Itoi (reappointment)(Note) Shigesato Itoi, candidate for director, is an external director as stipulated in Clause 15, Article 2 of the
Corporation Act.

32