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Financial Presentation
for the Year Ended March 31,2015

FIELDS CORPORATION「TSE 1st 2767]

Full-Year

(14.4~15.3)

Index
1. Overview
2. Summary of Results for the Year Ended March 31, 2015
(Consolidated)

3. Forecast of earnings for the Year Ending March 31, 2016
(Consolidated)(Reference) Trends in Pachinko/Pachislot Market

Pachinko/Pachislot Market Data

4. IP Initiatives
Copyright 2015 FIELDS CORPORATION All rights reserved.

1Overview◆April 14, 2015: Listed on First Section of Tokyo Stock Exchange- 10 yen dividend commemorating listing on First Section of TSE to be paid
Management/Results◆ Full-year earnings: 99.5 billion yen in net sales,

5.4 billion yen in ordinary income- Earnings are generally in line with forecasts

Pachinko/pachislotmachine
Sales

IP

Pachinko machine sales; 302,000 units
Pachislot machine sales; 97,000 units- 5 pachinko titles and 3 pachislot titles were sold, with the number of machines soldgenerally in line with the previous fiscal year
- Number of machines sold exceeds forecasts for each titles launched

150 total IP developed in 85 media forms in previous fiscal year
- Filming of stories run in “HERO’S ” Monthly got underway- Collaborations with diverse corporations in the entertainment sector
Copyright 2015 FIELDS CORPORATION All rights reserved.

22. Summary of Results(Consolidated)Year Ended March 31, 2015

Consolidated P/LMain pachinko/pachislot machine
lineup (Results)
Consolidated B/SConsolidated cash flow

Copyright 2015 FIELDS CORPORATION All rights reserved.

3

Summary of Results for the Year Ended
March 31, 2015 (Consolidated)

Consolidated P/LEarnings are generally in line with forecasts(Unit: Billions of yen)

Year ended March
31, 2014
Full-YearNet sales
Gross profit

Ordinary income
Extraordinaryincome (loss)
Net income

Full-Year

100.0099.55(100.0%)(100.0%)(100.0%)

33.81

－

28.46

24.02
(20.9%)

Operating incomePlan

114.90(29.4%)

SG&A expenses

Year ended March 31, 2015－(28.6%)23.72(23.8%)

9.79

5.00

4.74

(8.5%)(5.0%)(4.8%)

9.76

5.00

5.49

(8.5%)(5.0%)(5.5%)(0.17)

－0.26

5.37

2.50

3.01

(4.7%)(2.5%)(3.0%)

Increase/ Decrease

Increase/ Decrease(Plan)(13.4)%-0.44(15.8)%－(1.2)%－(51.6)%-0.25(43.8)%+0.49－－(43.8)%+0.51* The numbers in parentheses are ratio to net sales.
Copyright 2015 FIELDS CORPORATION All rights reserved.

4

Summary of Results for the Year Ended
March 31, 2015 (Consolidated)

Pachinko/Pachislot Machine Lineup for
the Year Ending March 31, 2015

(Unit: Machine)

Q1

Q2

OK!!
“Pachinko Onimusha:Dawn of Dreams”

Q3
Bisty
CR ayumi hamasaki 2

Q4
Bisty
CR EVANGELION 9Macy
CR BATMAN

Full- YearOK!!
Pachinko
Ultra Battle Retsuden

Pachinko

5 titles*Reused machines etc.

39,00035,00044,000Enterrise
Pachislot Sengoku
BASARA 3184,000
RODEO
Salaryman Kintaro

302,000
NANASHOW
Pachislot BERSERKPachislot

3 titles

6,000

23,0007,000

62,00097,000

Number of pachinko/pachislot machines sold: 399,000* The above number of machines posted to sales includes pachinko/pachislot machines other than the titles noted here.
©CAPCOM CO., LTD. ALL RIGHTS RESERVED. ©オッケー. ©2013 BANDAI NAMCO Entertainment Inc. ©Bisty ©CAPCOM CO., LTD. ALL RIGHTS RESERVED.
©カラー ©Bisty ©avex management inc. ©avex music creative inc. ©本宮ひろ志／集英社／FIELDS ©Sammy ©RODEO
TM & © DC Comics. (s15)©UNIVERSAL ENTERTAINMENT ©円⾕プロ © OK!! ©三浦建太郎（スタジオ我画）・⽩泉社/BERSERK FILM PARTNERS ©NANASHOW

Copyright 2015 FIELDS CORPORATION All rights reserved.

5Summary of Results for the Year Ended
March 31, 2015 (Consolidated)

Consolidated B/S(Unit: Billions of yen)March 31,2014

March 31,
2015

Increase/
Decrease

Current assets

66.92

71.01

4.09

Tangible fixed assets

12.10

12.19

0.09

Intangible fixed assets

4.36

4.49

0.12

Investments and otherassets

21.47

22.61

1.13

104.86110.31

5.44

Total assets
Current liabilities

41.73

45.77

4.04

Fixed liabilities

4.38

4.29

(0.08)Net assets

58.75

60.24

1.49

Total liabilities and net assets

104.86110.31

5.44

Main factors for increase/decrease
Increase in notes and accounts
receivable—trade

Increase in long-term loans

Increase in short-term borrowings
Increase in notes and accounts payable—
trade

Increase in retained earnings

Copyright 2015 FIELDS CORPORATION All rights reserved.

6

Summary of Results for the Year Ended
March 31, 2015 (Consolidated)

Consolidated cash flow

(Unit: Billions of yen)

Year ended
Year ended
March 31, 2014 March 31, 2015
Operating cash flows

16.32(9.08)

Investing cash flows(8.01)(6.29)

Financial cash flows(2.01)

1.62

Cash and cash equivalents at
beginning of period

23.30

29.58

Cash and cash equivalents at
end of period

29.58

15.82

Analysis of main factors
Income before income taxes andminority interests
Increase in notes and accounts
receivable—trade
Depreciation and amortization
Income taxes paid
Expenditure for loans
Expenditures for purchase of
tangible fixed assets
Expenditures for purchase ofintangible fixed assets
Proceeds from short-time borrowingsDividends paid

5.75
(17.23)
2.13(1.95)(4.22)(1.58)(1.66)
3.38(1.65)

Copyright 2015 FIELDS CORPORATION All rights reserved.

7

3. Forecast of earnings(consolidated)Year Ending March 31, 2016

Forecast of earnings (consolidated)
Toward reforms in management
structure

Copyright 2015 FIELDS CORPORATION All rights reserved.

8

Forecast of earnings for the year ending March 31, 2016 (Consolidated)

Forecast of consolidated earnings
Forecasts of higher sales and higher profits in fiscal year ending in March 2016 /10 yen dividend commemorating listing to be paid

(Unit: Billions of yen)

Net sales
Operating income
Ordinary income
Net income

Dividend per share

Year ended
March 31, 2014

Year ended
March 31, 2015

ResultsResults

Year ending
March 31, 2016
YoY

＋20.5%＋20.44＋26.5%＋1.25＋18.4%＋1.00＋15.9%＋0.48

114.9099.55

120.00(100.0%)(100.0%)(100.0%)

9.79

4.74

6.00

(8.5%)(4.8%)(5.0%)

9.76

5.49

6.50

(8.5%)(5.5%)(5.4%)

5.37

3.01

3.50

(4.7%)(3.0%)(2.9%)

60 yen50 yen50 yenIncrease/Decrease

Plan*Commemorative dividend 10 yen

Payout ratio(consolidated)

30.9％

66.0％

47.4%

* The numbers in parentheses are ratio to net sales.
Copyright 2015 FIELDS CORPORATION All rights reserved.

9Forecast of earnings for the year ending March 31, 2016 (Consolidated)

Forecast of consolidated earnings
1) Pachinko/pachislot◆ Targeting further growth in total number of machines sold and market share- Plans to launch products from all affiliated manufacturers (including 2 manufacturers with which
Fields has formed new relationships)- Plans to release twice as many new titles as in previous fiscal year

2) Social games◆ Improvements to game elements of existing titles, launch of highly innovative titles

3) Management overall◆ Reforms to management structure - Thorough cost management

Copyright 2015 FIELDS CORPORATION All rights reserved.

10Forecast of earnings for the year ending March 31, 2016 (Consolidated)

Toward reforms in management structure
Start of reforms to create a more productive management structure◆Establish a speedy IP cyclical business model◆Establish solid management foundation by reinforcing earning capacity

Specific measures
1) Implement constructive changes in all businesses- Reexamine significance of all businesses currently being developed and decide on future policies- Take inventory of IP holdings and decide on policies for developing IP- Consider organization able to execute IP development and framework for HR development from acompany-wide perspective- Consider Group elimination and consolidation

2) Establish medium-term management plan
- Improve earning capacity with thorough cost management (10-20%/3 years less)- Return profits to shareholders and strengthen governance

Copyright 2015 FIELDS CORPORATION All rights reserved.

11(Reference)

Trends inPachinko/Pachislot
MarketDeadline for sales ofpachinko/pachislot machines andnew machine installment
Changes to standards for pachinko
machines (details)
Changes in Pachinko Sales Market

Copyright 2015 FIELDS CORPORATION All rights reserved.
12

Trends in Pachinko/Pachislot Market

Deadline for sales of pachinko/pachislot machines and new machine installment
Release of pachinko/pachislot machines complying with new
regulations in 2015
End of October
2015

Pachinko

Machines notconforming to new
regulations(MAX machines, etc.)

Machines conforming
to new regulations

Pachislot

AT/ART functions
Sub-board control

AT/ART functions
Main board controls

End of November
2015

Sales and installationof new machines

Sales and installation of new machines

Sales and installation of new machines

Sales and installation of new machines

Copyright 2015 FIELDS CORPORATION All rights reserved.

13

Trends in Pachinko/Pachislot Market

Changes to standards for pachinko machines (details)
Nikkoso: New standards set to curb high-stakes gambling elements
Minimum bigjackpot
probability
Minimum balldischarge per
initial big jackpot

Before change

After change

1/400 or less

1/320 or less–Divided into 3 categories depending on bigjackpot probability rate band to set minimum
standard for initial big jackpot* 1/3, 1/4 or 1/8 of maximum ball discharge per big jackpot

Expected value
for ball discharge

Date ofapplication

The maximum expected value forball discharge, including initial bigjackpot, is set by type (loop/ST,V probability variation).

–

The maximum expected value for ball discharge,
not including initial big jackpot, is newly set bytype (loop/ST, V probability variation).
* Total number of balls discharged is restricted according to type.

For newly opened halls from November 1, 2015
(some exceptions)

Copyright 2015 FIELDS CORPORATION All rights reserved.

14

Trends in Pachinko/Pachislot Market

Changes in Pachinko Sales Market
Decrease in sales of middle type → average operating rate declines
Number of pachinko machines sold (10,000 machines)
MAX type

Middle type

Amadigi (low) type and other●Revised pachinko/pachislot machine regulations (relaxation)●Minimum big jackpot rate: 1/360→ 1/500

Minimum big jackpot rate:1/400→1/320●●Minimum big jackpot rate: 1/500→1/400

27,412Average operating rate per pachinko
machine per day (balls)

416

19,018
227

69%

65%

75%

37%

3. 2005

3. 2006

3. 2007

3. 200859%

3. 200964%

3. 2010

54%

55%

50%

3. 2011

3. 2012

3. 201341%

33%

3. 2014

3. 2015

3. 2016

Source: Fields

Copyright 2015 FIELDS CORPORATION All rights reserved.

15

(Reference)
Pachinko/Pachislot
Machines Market Date

Status of pachislot machines sales
Status of pachislot machines installed
Status of pachinko machines sales
Status of pachinko machines installed
SCA; status of implementation ofmodel certification test

Copyright 2015 FIELDS CORPORATION All rights reserved.

16

Pachinko/pachislot machines market data

Status of pachislot machine sales
Decrease in number of machines sold and titles as a result of change
in model certification test method in fiscal year ended in March 2015
Number of pachislot machines sold
(10,000 machines)

Jan.-Mar.

Oct.-Dec.

Jul.-Sep.

Apr.-Jun.

180(Titles)

Jan.-Mar.

Oct.-Dec.

Jul.-Sep.

Apr.-Jun.

120

139
120

Number of pachislot titles sold

30

97

140
34

118
80

91
78

2921
1929

60

423728

32

32

3735

3124

040

19232627202320223.2013

3.20143.20151703.20133.20143.2015

Source: Fields
Copyright 2015 FIELDS CORPORATION All rights reserved.
17

Pachinko/pachislot machines market data

Status of pachislot machine installation
Number of machines installed as of March 31, 2015 was flat comparedwith the same month of the previous year
Number of pachislot machines installed

設置台数

Share of pachislot machines installed
AT type machines(10,000 machines)

100%

200
155

162

163

ART type machine

Normal typemachines*Share of machines installed as ofthe year ended March 31, 2015

80%

49.4%

150
60%
100

16.8%40%50

20%

0At March 31,
2013

At March 31,
2014

At March 31,
20150%
At March 31,
2013

33.9%
At March 31,
2014

At March 31,
2015

Source: Fields
Copyright 2015 FIELDS CORPORATION All rights reserved.

18

Pachinko/pachislot machines market data

Status of pachinko machine sales
Number of machines sold in fiscal year ended in March 2015 rose slightly,
while the number of titles sold increased significantly
Number of pachinko machines sold

(10,000 machines)

300

Jan.-Mar.

Oct.-Dec.

Jul.-Sep.

Apr.-Jun.

Number of pachinko titles sold(Titles)

221

Apr.-Jun.

190
157

4451

160

52

67

42
65

3966

6972

Jul.-Sep.

186

227

56

100

Oct.-Dec.

240

265

200

Jan.-Mar.

80

5045
44615955

5050

40353.2013

3.2014045

3551

03.20133.20143.20153.2015

Source: Fields
Copyright 2015 FIELDS CORPORATION All rights reserved.

19

Pachinko/pachislot machines market data

Status of pachinko machine installation
Number of machines installed as of March 31, 2015 was flatcompared with the same month of the previous year
Number of pachinko machines soldNumber of pachinko titles sold

設置台数MAX typeLight middle type(10,000 machines)

Middle low type

Amadigi type ,
other

100%

400
302
300

Middle high type

296

290

80%

*Share of machines installed as ofthe year ended March 31, 2015

32.1%
10.1%
5.9%
15.1%

60%

20040%

10020%

036.8%

0%

At March 31, At March 31, At March 31,
2013
2014
2015

At March 31,
2013

At March 31,
2014

At March 31,
2015

Source: Fields
Copyright 2015 FIELDS CORPORATION All rights reserved.

20

Pachinko/pachislot machines market data

SCA; status of implementation of model certification test
The number of conforming pachislot machines will improve compared to March 2015,
with an average of 40 pachinko titles per month.
Number of pachislot machines passing
model certification test

Number of pachinko machines passing
model certification test

(model type)(model type)60

605144 45

40

40

37

36

41

47

44
39

41

45

4238 374129242321 21

21

1720

1413 12

127
30

520

30

Source: Security Communications Association
Copyright 2015 FIELDS CORPORATION All rights reserved.

21

4. IP Initiatives

Principle behind Cyclical Business Model
Status of IP development
Status of IP development
Current status of IP film development
Status of IP merchandisingConditions in Ultraman series

Copyright 2015 FIELDS CORPORATION All rights reserved.

22

IP Initaitives

Philosophy behind cyclical business model

Cross-media development of IP ＝ IP sharing
Creating and developing IP fansComics

Pachinko/pachislot

Anime

Consumer products

Animation/Live media

Interactive media

Copyright 2015 FIELDS CORPORATION All rights reserved.

23

IP Initaitives

Status of IP development
Total number of IP: 150
Focus on high-quality IP by carefully concentrating resources
Total IP

Number of media for IP development（As of March 31, 2015）

Existing IPabFields' IP

Other Companies' IPCollaboration IP* Figures in parentheses refer to numberof films made using Fields’ IP.

156

131

150

61212Fields' IP

102

85
66
70

12121263

(4)

(4)

49
(3)

3.20143.20153.20163.20143.20153.2016* The creation of our own IP refers primarily to the number of new works published in “HERO’S” Monthly. /Merchandising refers primarily to the total number of social games, PS and publications in book format.

Copyright 2015 FIELDS CORPORATION All rights reserved.

24

IP Initaitives

Status of IP development
Create IP primarily from “HERO’S” Monthly,expand across media forms
November 2011 – March 2015

49 works created

New IP creation: 6 IP per fiscal year

7 IP currently being developedfor film

Game development: 6 IP selected
Development as pachinko/pachislot machines:

3 IP selected©ヒーローズ

Copyright 2015 FIELDS CORPORATION All rights reserved.

25

IP Initaitives

Current status of IP film development
Develop films with view to cross-media deveropment
Main IPYear Ending
March 31, 2016

Year Ending
March 31, 2017

TV（anime）

SWORDGAIHERO’SIP

SOUL ReVIVER

Scripts under development

TV／Movie（anime・Live-action film）

Other works

TV/MovieTV/Movie

Ultraman series for adults

TV

Movie

Other Tsuburaya’ IPTV

Movie

Ultraman series for kids

Tsuburaya’s
IP

Collaboration
IPYear Ending
March 31, 2018

NINJA SLAYER FROMANIMATION
Products produced andinvested in jointly

TV/MovieInternetdelivery

TV

TV／Movie (anime・Live-action film)
Copyright 2015 FIELDS CORPORATION All rights reserved.

26

IP Initaitives

Status of IP merchandising (social game)
Improve game elements of existing titles, release highly innovative titles
Existing titles （As of April 2015）

Improve game elements

New titles
Nativeapplication

Nativeapplication

Nativeapplication

Nativeapplication

Nativeapplication+PC BrowserBrowser

6 titles to be released
for the year ending March 31, 2016

©AKS © GREE, Inc./エイチーム ©AKS／©コーエーテクモゲームス All rights reserved. ©AKS ©S&P ©Fields Corporation / © GREE, Inc. developed by Red Entertainment Corporation©タカヒロ・⽥代哲也／スクウェアエニックス・「アカメが斬る！」製作委員会 ©Fields / FutureScope ©FIELDS ©INTENSE

Copyright 2015 FIELDS CORPORATION All rights reserved.

27

IP Initaitives

Status of IP merchandising (related to commercialization)
Plans to launch diverse products utilizing IP
Overview of “NINJA SLAYER”
Hold merchandising rights in Japan and overseas
25 licensing companies have plans to develop
digital goods, miscellaneous goods and overseas
broadcast syndication, apparel and miscellaneous
goods, figures, convenience store sweepstakes,
prizes, capsule toys and other goods.

Recommended retail price:
Over 1.5 billion yenⒸNinj@ Entertainment/Ninj@ Conspiracy

Other merchandising plans “A”◆ Monetize highly entertaining products- Plan and develop gimmick products utilizing characters- Build up a platform business based on gimmick products- Plans to introduce at over 2,000 stores, primarily GMS
and drug storesOther merchandising plans “B”◆ Create new market and customers in trading card games- Devise new ways of playing, stories and characters- Cross-media expansion in cooperation with major
publishing companies and toy companies- Film development under consideration

Copyright 2015 FIELDS CORPORATION All rights reserved.

28

IP Initiatives

Status of IP merchandising (Related to commercialization)
Conceptual license putting concepts into shape

Launch of new license brand “A MAN of ULTRA”
Overview of “A MAN of ULTRA”
Concept and world view

Create Ultra Man
for everyday world
Freely design the concept and world view of“A MAN of ULTRA” under the restraint of not toexpress character realistically* As of April 28, 2015

Licensed companies: 17©A MAN of ULTRA

Copyright 2015 FIELDS CORPORATION All rights reserved.

29

IP Initiatives

Conditions in Ultraman series
Generate stable revenue through multi-media expansion
Accelerate overseas expansion from fiscal year ending in March 2016
Expantion of Ultraman series

Tsuburaya Productions’ overseas gross margin(image)(Unit: Billions of yen)

(1) Expand sales of related products based on films/broadcast syndicationoverseas• Continually release TV series and expand sales of related products• Syndicate programs overseas, plan new productions, and hold events

0.55(2) Pursue various measures for overseas development of IP• Plan experience-based live entertainment shows in Japan and overseas• Hold HERO shows in Malaysia

0.30
0.20
0.13

3.2015©Tsuburaya Productions Co., Ltd.

3.2016(Forecast)

3.2017(Forecast)

3.2018(Forecast)

Copyright 2015 FIELDS CORPORATION All rights reserved.

30

Disclaimer/Contact Information

The plans, strategies and estimates of the Company indicated in these documents, other than actualresults and established facts, include potential risks and uncertainties and cannot be guaranteed.

Potential risks and uncertainties include, but are not limited to, the economic environment of thepachinko/pachislot market in which the Company operates, market competition and the products handled
by the Company.

IR and PR Section, Corporate Communications Office
TEL：+81-3-5784-2109 E-mail：ir@fields.biz
Copyright 2015 FIELDS CORPORATION All rights reserved.