Summary(Translation)
FIELDS CORPORATION
Summary of Financial Information and Business Results (Consolidated)
for the First Half of the Year Ending March 31, 2016 (Japan GAAP)
October 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
Corporate Officer and General Manager, Corporate Communications Office+81-3-5784-2111

Planned date for submission of the quarterly report:
Planned date for start of dividend payment:
Quarterly earnings supplementary explanatory materials:
Quarterly earnings presentation:

November 10, 2015
December 2, 2015
Yes
Yes (For institutional investors and security analysts)(Rounded down to the nearest million)

1. Consolidated business results for the first half of the year ending March 31, 2016 (April 1, 2015 to September 30, 2015)(Percentage figures denote year-over-year changes)(1) Operating results (cumulative total)
Net income
Net sales
Operating income
Ordinary income
attributable to ownersof parent
Millions of yen
Millions of yen
Millions of yen
Millions of yen%%%%
First half of the year
50,255 147.1
1,884
―
1,930
―
706
―
ending March 31, 2016
First half of the year
20,341 (44.1)(4,077)―(4,072)―(2,509)―ended March 31, 2015
(Note) Comprehensive income
First half of the year ending March 31, 2016: ¥820 million (―%)
First half of the year ended March 31, 2015: ¥(3,027) million (―%)
Net income per shareFirst half of the year
ending March 31, 2016
First half of the year
ended March 31, 2015

Diluted net income per share
Yen

Yen

21.28

―

(75.63)―(2) Financial position
Total assets

Net assets

Shareholders’ equity ratio

Millions of yen

Millions of yen%

First half of the year
ending March 31, 2016

91,272

59,781

64.6

Year ended March 31, 2015

110,316

60,246

53.9(Reference) Shareholders’ equity First half of the year ending March 31, 2016: ¥58,919 million
Year ended March 31, 2015: ¥59,492 million
2. Dividends

Year ended March 31, 2015

First
quarter-end
Yen―

Secondquarter-end
Yen
25.00

Annual dividends
Thirdquarter-end
Yen―

Year-end

AnnualYen
35.00

Year ending March 31, 2016―
25.00
Year ending March 31, 2016―
25.00
(Forecast)(Note) Revision of the most recently released dividend forecasts: No
The year-end dividend of ¥35 for the fiscal year ended March 31, 2015 includes a commemorative dividend of ¥10.

Yen
60.00

50.00

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)

Millions of yen%

Millions of yen%

Millions of yen%

Net income
attributable toowners of parent
Millions of yen%

120,000

20.5

6,000

26.5

6,500

18.4

3,500

Net sales

Full-year

Operating income

Ordinary income

15.9

Net income
per shareYen
105.47(Note) Revision of the most recently released performance forecasts: No
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) Application of the accounting method specific to quarterly consolidated financial statements: Yes(3) 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(4) Number of shares issued (common stock)1) Number of shares issued at end of year (including treasury stock)
First half of the year ending March 31, 2016

34,700,000 sharesYear ended March 31, 2015

34,700,000 shares

2) Number of shares of treasury stock at end of year
First half of the year ending March 31, 2016

1,516,200 sharesYear ended March 31, 2015

1,516,200 shares

3) Average number of shares outstanding (quarterly consolidated cumulative period)First half of the year ending March 31, 201633,183,800 sharesFirst half of the year ended March 31, 2015

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“(3) Review of consolidated earnings forecasts and other forecasts” under“1. Qualitative information on quarterly financial results” on page 3 of 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 Monday, November 2, 2015.
Materials distributed at that briefing will be posted on the Company’s website after the briefing as soon as possible.

 Table of Contents of Attached Document
1. Qualitative information on quarterly financial results.............................................................................................. 2(1) Analysis of operating results ............................................................................................................................. 2(2) Analysis of financial position ............................................................................................................................ 3(3) Review of consolidated earnings forecasts and other forecasts ......................................................................... 4
2. Summary information (notes) .................................................................................................................................. 5(1) Transfer of important subsidiaries during the quarterly consolidated period under review ............................... 5(2) Application of the accounting method specific to quarterly consolidated financial statements ......................... 5(3) Changes in accounting principles and accounting estimates, and revisions/restatements .................................. 5
3. Quarterly consolidated financial statements............................................................................................................. 6(1) Quarterly consolidated balance sheets ............................................................................................................... 6(2) Quarterly consolidated statements of income and consolidated statements of comprehensive income ............. 8(3) Quarterly consolidated statements of cash flows ............................................................................................. 10(4) Note regarding the quarterly consolidated financial statements........................................................................11(Note regarding the operation of the company as a going concern) ..................................................................11(Note regarding occurrence of significant change in amount of shareholders’ equity) .....................................111

1.

Qualitative information on quarterly financial results(1) Analysis of operating results[1] Overview of operations for the 6 months ended September 30, 2015 (April 1, 2015 to September 30, 2015)
The Company posted net sales of ¥50,255 million (up 147.1% year-over-year), operating income of ¥1,884 million (versus
operating loss of ¥4,077 million for the same period of the previous year), ordinary income of ¥1,930 million (versus
ordinary loss of ¥4,072 million for the same period of the previous year), and net income attributable to owners of parent forthe period totaling ¥706 million (versus net loss attributable to owners of parent of ¥2,509 million for the same period of theprevious year).
The main factors behind these results are as follows.
The number of pachinko/pachislot machines sold increased 31.7% to 134,000. In particular, sales of pachislot machines rose
146.6% to 69,000, thanks to contributions from the major titles “EVANGELION—Spear of Hope” and “Resident Evil 6.”
The number of pachinko machines decreased 12.1% to 64,000. The titles that have been launched and titles currently being
marketed are shown in the table below.
Results were generally in line with full-year forecasts, including Tsuburaya Productions and the social game field.
<Titles already launched and titles currently being marketed (as of October 30, 2015)>
Pachislot machine titles

Month of delivery

EVANGELION—Spear of Hope

June 2015

Resident Evil 6

July 2015

ASURA’S WRATH

September 2015

MAJESTIC PRINCE*

November 2015

Oh My Goddess!*

November 2015

EVANGELION―Tamashii wo Tsunagumono *December 2015

Pachinko machine titles

Month of delivery

CR EVANGELION 9 Type zero ver.

May 2015

CR Million GOD RISING

July 2015

CR Martian Successor NADESICO

August 2015

CR Sakigake Otokojuku

August 2015

CR EVANGELION X

September 2015

CR Midoridon Hanabi DE Buon giorno*(Note) Asterisks indicate titles being marketed as of October 30, 2015.

November 2015

The main initiatives to create and commercialize IP are described below.
The Group carries out a cyclical business in which it develops Intellectual Property, such as characters and stories, in crossmedia formats as its medium- to long-term growth strategy.
The Group is concentrating on IP development with a view to expanding IP in cross-media formats, primarily through thecomic “HERO’S” Monthly. We are already working on several animation projects involving works serialized in this comic,
and decided to commercialize several titles as games, pachinko/pachislot machines and other products.
In the visual media, TV broadcasts of “Ultraman X,” the most recent installment of the Ultraman series, began. In
conjunction with this, the visual work was also distributed overseas. We plan to ramp up product development for the
Ultraman series overseas going forward. “NINJA SLAYER FROM ANIMATION” was distributed through Web media. The
cumulative number of replays over a six-month period topped 11 million, and we are also developing figures and social
games.
In the social game field, we released “the TOWER of PRINCESS” in August 2015. The game itself went into the black in
September, and ARPPU (average revenue per paying user) is also trending high. In home games, we decided to turn
“KILLING BITES,” a story running in the comic “HERO’S” Monthly, into a game.

2

The number of companies licensing “A MAN of ULTRA” (licensed brand), which depicts a concept and worldview throughapparel and other products, increased to 33. In addition, in the live entertainment field, experiment-based live entertainmentshows utilizing the “Ultraman series” were presented in four locations in Japan and overseas, and we plan to stage several
shows going forward, primarily in Asia.
In the pachinko/pachislot field, we focused on expanding sales of pachinko/pachislot machines that are part of a series, such
as “EVANGELION.” In addition, we carried out marketing activities for pachinko/pachislot machines utilizing new IP, suchas “MAJESTIC PRINCE,” with the aim of raising the value of IP and turning them into series in the future.
(Note) The product names included in this report are the trademarks or registered trademarks of the respective companies.
(2) Analysis of financial position(Assets)
Current assets amounted to ¥52,070 million, down ¥18,943 million since the end of the previous fiscal year. The principal
factor behind this was a decrease in notes and accounts receivable—trade.
Tangible fixed assets amounted to ¥12,061 million, down ¥135 million since the end of the previous fiscal year. The
principal factor behind this was a decrease in land.
Intangible fixed assets amounted to ¥4,299 million, down ¥190 million since the end of the previous fiscal year. The
principal factor behind this was a decrease in software.
Investments and other assets amounted to ¥22,839 million, up ¥224 million since the end of the previous fiscal year. The
principal factor behind this was an increase in long-term loans.
As a result of the above, total assets amounted to ¥91,272 million, down ¥19,044 million since the end of the previous
fiscal year.
(Liabilities)
Current liabilities amounted to ¥26,739 million, down ¥19,034 million since the end of the previous fiscal year. The
principal factors behind this were a decrease in notes and accounts payable—trade and a decrease in accrued income taxes.
Fixed liabilities amounted to ¥4,751 million, up ¥454 million since the end of the previous fiscal year. This was mainly
due to an increase in net defined benefit liability.
As a result of the above, total liabilities amounted to ¥31,490 million, down ¥18,580 million since the end of the previous
fiscal year.
(Net assets)
Net assets amounted to ¥59,781 million, down ¥464 million since the end of the previous fiscal year. This primarilyreflected a decrease in retained earnings.
(Analysis of cash flows)
Cash and cash equivalents (hereinafter referred to as “cash”) increased by ¥12,023 million since the end of the previous
fiscal year, amounting to ¥27,846 million during the second quarter under review.
(Cash flows from operating activities)
Net cash used in operating activities amounted to ¥12,052 million (¥11,111 million of expenditure for the same period of
the previous year). This was mainly due to a decrease of ¥35,431 million in notes and accounts receivable—trade, adecrease of ¥22,426 million in notes and accounts payable—trade, income taxes paid of ¥2,296 million, etc.
(Cash flows from investing activities)
Net cash used in investing activities amounted to ¥1,444 million (¥1,092 million of expenditure for the same period of theprevious fiscal year). This was mainly attributable to expenditure for loans totaling ¥2,543 million, proceeds fromrepayment of loans totaling ¥1,436 million, etc.
(Cash flows from financing activities)
Net cash provided in financing activities amounted to ¥1,415 million (¥1,200 million of expenditure for the same period of
the previous fiscal year). This was primarily attributable to proceeds from short-term borrowings totaling ¥2,740 million
and dividends paid totaling ¥1,160 million, etc.

3(3) Review of consolidated earnings forecasts and other forecasts(Unit: Millions of yen)
Forecast for the year
ending March 31, 2016
Net sales

Results for the year ended
March 31, 2015

Year-over-year changes

120,000

99,554up 20.5%

Operating income

6,000

4,743

up 26.5%

Ordinary income

6,500

5,491

up 18.4%

Net income

3,500

3,018

up 15.9%

The consolidated earnings forecasts for the year ending March 31, 2016 remain unchanged from those stated in the Summaryof Financial Information and Business Results (Consolidated) for the Year Ended March 31, 2015, released on April 30,
2015.

4

2. Summary information (notes)(1) Transfer of important subsidiaries during the quarterly consolidated period under review
None(2) Application of the accounting method specific to quarterly consolidated financial statements
Assessment of tax expenses
The Company applies the method that reasonably estimates an effective tax rate to be assessed on income before income
taxes for the year ending March 31, 2016, including this six months ended September 30, 2015, after accounting for the tax
effects, and multiplies income before income taxes during the six months ended September 30, 2015 by such estimatedeffective tax rate.
(3) Changes in accounting principles and accounting estimates, and revisions/restatements(Changes in accounting policies)
Effective from the first quarter of the current fiscal year, the Company has applied the “Accounting Standard for Business
Combinations” (ASBJ Statement No. 21, September 13, 2013), the “Accounting Standard for Consolidated Financial
Statements” (ASBJ Statement No. 22, September 13, 2013), the “Accounting Standard for Business Divestitures” (ASBJ
Statement No. 7, September 13, 2013) and other accounting standards. As a result, the method of recording differences
caused by changes in the Company’s ownership interests in subsidiaries in the case of subsidiaries under ongoing control of
the Company was changed to one in which such amounts are recorded as capital surplus, and the method of recording
acquisition-related costs was changed to one in which such amounts are recognized as expenses for the fiscal year in which
they are incurred. Furthermore, for business combinations carried out on or after the beginning of the first quarter of thecurrent fiscal year, the accounting method was changed to one in which the reviewed acquisition cost allocation resulting
from the finalization of the tentative accounting treatment is reflected in the quarterly consolidated financial statements forthe fiscal quarter in which the business combination occurs. In addition, changes have also been made in the presentation ofquarterly net income, etc. and also in nomenclature from “minority interests” to “non-controlling interests.” The
consolidated financial statements for the second quarter of the previous fiscal year and those for the entire previous fiscal
year have been reclassified to reflect these changes in presentation.
In the quarterly consolidated cash flow statement for the second quarter of consolidated fiscal year under review, cash flow
related to the acquisition or sale of shares in a subsidiary that does not involve changes in the scope of consolidation islisted under cash flows from financing activities. In addition, cash flow concerned with expenses related to the acquisitionof shares in a subsidiary that does involve changes in the scope of consolidation, as well as expenses incurred in theacquisition or sale of shares in a subsidiary that does not involve changes in the scope of consolidation are listed under cash
flows from operating activities.
The Accounting Standard for Business Combinations, etc. is applied in accordance with the transitional treatment set forthin paragraph 58-2 (4) of the Accounting Standard for Business Combinations, paragraph 44-5 (4) of the AccountingStandard for Consolidated Financial Statements and paragraph 57-4 (4) of the Accounting Standard for Business
Divestitures, and will be applied from the beginning of the first quarter of the current fiscal year and on into the future.
As a result, operating income, ordinary income and net income before taxes each decreased ¥105 million in the second
quarter of the consolidated fiscal year under review. The impact on the capital surplus at the end of the second quarter ofthe current fiscal year was minimal.

53. Quarterly consolidated financial statements(1) Quarterly consolidated balance sheets(Unit: Millions of yen)
Fiscal year ended
March 31, 2015
(March 31, 2015)
AssetsCurrent assets
Cash and cash equivalents
Notes and accounts receivable—trade
Electronically recorded monetary claims—operating
Merchandise and products
Work in process
Raw materials and supplies
Other current assets
Allowance for doubtful accounts
Total current assets
Fixed assets
Tangible fixed assets
Land
Other tangible fixed assets
Total tangible fixed assets
Intangible fixed assets
Goodwill
Other intangible fixed assets
Total intangible fixed assets
Investments and other assets
Investment securities
Other assets
Allowance for doubtful accounts
Total investments and other assets
Total fixed assets
Total assets
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
Other current liabilities
Total current liabilities
Fixed liabilities
Long-term borrowings
Net defined benefit liability
Other fixed liabilities
Total fixed liabilities
Total Liabilities

6

Six months ended
September 30, 2015
(September 30, 2015)15,82345,888
239
1,414
83
7,589
(25)
71,014

27,846
10,391
1,591
187
2,742
1,442
7,893
(25)
52,0707,737
4,459
12,197

7,550
4,511
12,061

1,618
2,872
4,490

1,458
2,841
4,299

14,564
9,079(1,029)22,61439,302
110,316

13,584
10,276(1,021)
22,83939,201
91,27233,850
4,014
42
2,345
378
282
22
4,837
45,773

13,286
6,754
22
1,115
179
142
22
5,215
26,739

8
521
3,766
4,296
50,070

1
642
4,107
4,751
31,490(Unit: Millions of yen)
Fiscal year ended
March 31, 2015
(March 31, 2015)
Net assets
Shareholders’ equity
Common stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders’ equity
Accumulated other comprehensive income
Unrealized holding gain on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interest
Total net assets
Total liabilities and net assets

7

Six months ended
September 30, 2015
(September 30, 2015)

7,948
7,994
46,049(1,821)60,171

7,948
7,994
45,594(1,821)
59,715

(567)
(1)
(109)
(679)
753
60,246110,316

(698)
(3)
(94)
(796)
862
59,781
91,272

(2) Quarterly consolidated statements of income and consolidated statements of comprehensive income
Quarterly consolidated statements of income
Second quarter of the year ending March 31, 2016
(Unit: Millions of yen)Six months ended
September 30, 2014

Six months ended
September 30, 2015

(April 1, 2014–September 30, 2014)(April 1, 2015–September 30, 2015)

20,341
13,420
6,920
10,998(4,077)50,25536,407
13,848
11,964
1,884

18
87
222
280
608

26
77
411
197
713

3
348
83
167
603
(4,072)

13
490
108
54
666
1,930

10
467
0
478

37
94
132

31
11
4
47

38
34
4

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income (loss)
Non-operating income
Interest income
Dividend income
Discounts on purchase
OthersTotal non-operating income
Non-operating expenses
Interest expense
Equity method investment loss
Amortization of equity investment
OthersTotal non-operating expenses
Ordinary income (loss)
Extraordinary income
Gain on sale of fixed assets
Gain on sales of investment securities
OthersTotal extraordinary income
Extraordinary losses
Loss on disposal of fixed assets
Loss on litigation charges
OthersTotal extraordinary losses
Income (loss) before income taxes and minority interests(3,641)

Current income taxes(1,191)

Net income (loss)(2,450)

Profit attributable to non-controlling interests

59

Profit (loss) attributable to owners of parent(2,509)

8

78
1,984
1,047
936
230
706

Quarterly consolidated statements of comprehensive income
Second quarter of the year ending March 31, 2016
(Unit: Millions of yen)Six months ended
September 30, 2014

Six months ended
September 30, 2015

(April 1, 2014–September 30, 2014)(April 1, 2015–September 30, 2015)(2,450)

936

(590)
(1)
14
(576)
(3,027)

(129)
(1)
15
(116)
820

(3,087)
60

589
231

Income (loss) before minority interests
Other comprehensive income
Unrealized holding gain on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total other comprehensive income
Comprehensive income(Breakdown)Comprehensive income attributable to owners of the parent
Comprehensive income attributable to non-controlling interests9(3) Quarterly consolidated statements of cash flows(Unit: Millions of yen)Six months ended
September 30, 2014

Six months ended
September 30, 2015

(April 1, 2014–September 30, 2014)(April 1, 2015–September 30, 2015)(3,641)
940
165
(31)
(254)
(89)
48
(105)
348
3
(467)
24,190(1,013)(364)(27,255)(1,890)(9,415)112(3)(1,805)(11,111)

1,984
1,049
165
(8)
(199)
(140)
(49)
(103)
490
13
(94)
35,431(1,318)649(22,426)(1,200)14,243118(13)(2,296)
12,052

(828)
(908)
827

(617)
(546)
106

-

652

(48)
(650)
597
(80)
(1,092)(100)(2,543)
1,436
167(1,444)

(310)
(31)
(828)

2,740
(26)
(1,160)

-

(24)

(29)
(1,200)(13,404)
29,583
16,178(112)
1,415
12,023
15,823
27,846

Cash flows from operating activities
Income (loss) before income taxes and minority interests
Depreciation and amortization
Amortization of goodwill
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in accrued bonuses
Increase (decrease) in accrued bonuses to directors and auditors
Increase (decrease) in net defined benefit liability
Interest and dividend income
Equity method investment loss (gain)
Interest expense
Loss (gain) on sales of investment securities
Decrease (increase) in notes and accounts receivable—trade
Decrease (increase) in inventories
Decrease (increase) in merchandising rights advances
Increase (decrease) in notes and accounts payable—trade
Other
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchases of tangible fixed assets
Purchases of intangible fixed assets
Proceeds from sales of investment securities
Proceeds from purchase of shares of subsidiaries resulting inchange in scope of consolidation
Expenditure for acquiring shares in affiliates
Expenditure for loans
Proceeds from repayment of loans
OthersNet cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Repayment of long-term borrowings
Dividends paid
Payments from changes in ownership interests in
subsidiaries that do not result in changes in scope of
consolidation
OthersNet cash provided by (used in) financing activities
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period10(4) Note regarding the quarterly consolidated financial statements(Note regarding the operation of the company as a going concern)
No relevant items(Note regarding occurrence of significant change in amount of shareholders’ equity)
Six months ended September 30, 2015 (April 1, 2015 to September 30, 2015)
No relevant items

11