Summary(Translation)
Fields Corporation
Summary of Financial Information and Business Results
for the Nine Months Ended December 31, 2007
(Year Ending March 31, 2008)
February 5, 2008

Company Name:
Listed on:
Representative Director:
Inquiries:

Fields Corporation(URL: http://www.fields.biz)
JASDAQ (Stock code: 2767)
Takashi Oya
President and COO
Hiroyuki Yamanaka
Director and General Manager, Planning and Administration Division
Tel: (03) 5784-2111(Rounded down to the nearest million yen)
1. Consolidated business results for the nine months ended December 31, 2007 (April 1 to December 31, 2007)(1) Operating results(Percentage figures denote year-over-year changes.)
Net sales
Operating income
Ordinary income
Millions of yen%
Millions of yen%
Millions of yen%
Nine months ended
77,485 (20.8)
5,988 (27.5)
5,500 (9.1)
December 31, 2007
Nine months ended
64,144 (45.9)
4,696 (245.5)
5,041(187.4)
December 31, 2006
Year ended
85,3218,944
9,202
March 31, 2007
Net income
Millions of yen
Nine months ended
December 31, 2007
Nine months ended
December 31, 2006
Year ended
March 31, 2007%

Net income per shareYen

2,261 (-1.5)

6,517.58――

2,295 (236.0)

6,615.33

―

―

3,710

10,692.29――(2) Financial position

Nine months ended
December 31, 2007
Nine months ended
December 31, 2006
Year ended
March 31, 2007

Diluted net income per share
Yen

Shareholders’equity ratio%

Total assets
Millions of yen

Net assets
Millions of yen

61,92043,52067.5

120,383.02

66,49041,59660.1

115,191.56

66,081

42,836

62.2

118,487.37

Cash flows fromoperating activities
Millions of yen

Cash flows frominvesting activities
Millions of yen(3) Cash flows

Nine months ended
December 31, 2007
Nine months ended
December 31, 2006
Year ended
March 31, 2007

Cash flows fromfinancing activities
Millions of yen

Net assets per share
Yen

Cash and cash
equivalents atperiod-end
Millions of yen

3,053(5,919)(114)

14,8498,419(2,540)1,342

23,035

5,293(4,772)

1,488

17,819-1-

2. Consolidated forecast earnings for the year ending March 31, 2008 (April 1, 2007, to March 31, 2008)[Reference](Percentages denote year-over-year changes versus the corresponding year-earlier period.)
Net sales
Operating income
Ordinary income
Millions of yen%
Millions of yen%
Millions of yen%
Full year
100,000 (17.2)
10,000 (11.8)
10,000 (8.7)

Full year

Net income
Millions of yen
4,200

Net income per share
Yen
12,103.74%(13.2)

3. Other Information(1) Transfer of important subsidiaries during the period under review (Transfer of specific subsidiaries that results in achange in the scope of consolidation): None
(2) Simplified methods applied for accounting (Yes/No): Yes(3) Changes in accounting methods since most recent fiscal year (Yes/No): Yes
Note: For details, see “Qualitative Information: Financial Statements and Other Data, 4. Other” on page 8.

-2-

(Reference) Summary of Business Results (Non-Consolidated)
1. Non-consolidated business results for the nine months ended December 31, 2007
(April 1 to December 31, 2007)(1) Operating results(Percentage figures denote year-over-year changes.)
Net sales
Operating income
Ordinary income
Millions of yen%
Millions of yen%
Millions of yen%
Nine months ended
65,335 (22.9)
6,800 (34.8)
6,881 (27.2)
December 31, 2007
Nine months ended
53,173 (39.1)
5,046 (318.6)
5,411 (258.7)
December 31, 2006
Year ended
71,3148,999
9,393
March 31, 2007
Net income
Millions of yen
Nine months ended
December 31, 2007
Nine months ended
December 31, 2006
Year ended
March 31, 2007%

Net income per share
Yen

1,316

(-56.8)3,794.27

―

―

3,050

(271.8)8,792.07――

13,755.49

―

―

4,773

(2) Financial position

Nine months ended
December 31, 2007
Nine months ended
December 31, 2006
Year ended
March 31, 2007

Diluted net income per share
Yen

Shareholders’equity ratio%

Total assets

Net assets

Net assets per share

Millions of yen

Millions of yen

52,10841,69880.0

120,169.72

56,83840,54971.3

116,857.49

57,50942,00173.0

121,042.25

Yen

2. Non-consolidated forecast earnings for the year ending March 31, 2008 (April 1, 2007, to March 31, 2008)[Reference](Percentages denote year-over-year changes versus the corresponding year-earlier period.)
Net sales
Operating income
Ordinary income
Millions of yen%
Millions of yen%
Millions of yen%
Full year
80,000 (12.2)
11,500 (27.8)
11,600 (23.5)

Full year

Net income
Millions of yen
3,700

Net income per share
Yen
10,662.82%(-22.5)

Caution regarding forward-looking statements
The forward-looking statements made in this report such as performance perspective are based on currently available
information and certain premises that are judged reasonable by management. There are many uncertain factors inherent
in forecasting, and there might be cases in which actual results of future business operations and/or events differ fromour forecasts depending on changes in diverse conditions. Non-consolidated forecast earnings for the year ending March
31, 2008 (April 1, 2007, to March 31, 2008) have been revised. For details, please see the Notice on the Revisions to the
Performance Projections for the Non-consolidated Fiscal Year Ending March 31, 2008, announced on February 5, 2008.

-3-

Operating Results and Financial Position
1.

Analysis of Operating Results(1) Overview of Operations for the Nine Months Ended December 31, 2007
Today, as leisure time increases among all market segments in Japan, the entertainment industry has diversified
and the leisure market is facing radical structural change.
Foreseeing such environmental change ahead of its competitors, the Group has strategically focused on multiple
uses of digital content, which it considers to be an essential base for establishing a competitive edge, mainly in thepachinko and pachislot field. The Group’s business domains have grown not only in the pachinko and pachislot
market but also in the game software, sports, movie and animation fields, covering a wide range of entertainment
fields.
We are aggressively developing our business and investing in each of these fields. In the mobile field, members
at our mobile phone site have steadily increased. Business results were favorable in the movie field: following therecent release of the first product that we invested in through a movie fund, the Group companies are investing in
one movie after another that are scheduled for cinematic release. We also strove to further strengthen thefoundations of our operations by launching Lucent Pictures Entertainment Inc., which engages in the planning andproduction of animation.
We will continue to maximize synergies among the Group companies and strongly promote cross-media
businesses such as the integration and multifaceted development of content, thereby realizing our corporate
philosophy: “The Greatest Leisure for All People.”
The Group’s business results for the nine months ended December 31, 2007, were as follows. Since theCompany first began disclosing information on its businesses segments in the first quarter of the year ending
March 31, 2008, no comparisons by segment are available for quarter periods of previous fiscal years.

Net sales
Net sales for the nine months ended December 31, 2007, increased 20.8% year over year to ¥77,485 million.
Net sales were favorable in the PS (pachinko/pachislot) Field at ¥65,343 million, reflecting our focused sales
activities for pachislot machines to address high demand due to extensive replacement with new regulation
pachislot machines in the first half.
Net sales in the Game Field were ¥8,851 million. This was due to a large expansion of game software sales in
the North American market.
Net sales in the Other Field were ¥3,875 million, mainly due to the full-scale operation of the site managementbusiness, which provides comprehensive entertainment information in the mobile field.
Operating income
Operating income increased 27.5% year over year to ¥5,988 million.
Operating income in the PS Field was ¥6,873 million. This increase was due to favorable pachislot sales during
the first half.
Operating loss of ¥414 million was posted in the Game Field, due to prior advertising expenditures related tomajor game software titles to be released during the fourth quarter.
Operating loss of ¥454 million was posted in the Other Field, mainly due to prior investments in new businesses
for the future.

Ordinary income
Ordinary income increased 9.1% to ¥5,500 million.
Non-operating income was ¥269 million and non-operating expenses were ¥757 million, mainly due to an
equity method investment loss.
Net income
Net income decreased 1.5% to ¥2,261 million, due to an extraordinary loss recorded for the first half. The loss
was incurred by the reinforcement of the financial structure at some of our subsidiaries and affiliates in the first
half.

-4-

(2) Analysis by Business Segment(1) PS Field
Status of Pachinko Machine Sales in 2007
The total number of pachinko machines sold decreased 50.8% year over year to 81,266.
Major pachinko machine titles
CR LOONEY TUNES BIA
CR Sakura Taisen
CR The Mask of Zorro
CRA Felix the Cat
CR TOMB RAIDER

Month released
May 2007
September 2007
October 2007
November 2007
December 2007

Manufacturer
Bisty Co., Ltd.
Sammy Corporation
Bisty Co., Ltd.
Bisty Co., Ltd.
Bisty Co., Ltd.

Total number of pachinko machines sold81,266
Note: The total number of pachinko machines sold includes the number of machines with titles other than theabove sold via agency sales.
To address replacement demand for new regulation pachislot machines in the first half, the Company had
anticipated that a short-term fund held by pachinko halls would be used to purchase pachislot machines. Therefore,
although we introduced only two titles for pachinko machines during the first half, we have been aggressively
introducing new models during the second half. During the third quarter (October through December 2007), we
introduced three pachinko machine models by Bisty. Also recorded in the third quarter period were salescommissions for a large part of the cumulative 41,000 CR Sakura Taisen machines from Sammy Corporation thatwere released in September 2007.
In January 2008, we introduced CR Neon Genesis Evangelion—‘The Angels Are Back Again’ by Bisty Co., Ltd.
This title was highly popular with pachinko halls and fans, and we have been receiving orders steadily. The salescommissions for machines of this title will be recorded for the fourth quarter (January through March 2008) andwere not included in the third quarter.
Status of Pachislot Machine Sales in 2007
The total number of pachislot machines sold increased 40.2% year over year to 190,982.
Major pachislot machine titles
Morning MusumeDevil May Cry 3
Neon Genesis Evangelion—‘Magokoro wo Kimini’
Kaiketsu Harimau
Cream Stew
The Mask of Zorro
Beach Club
Virtua Fighter

Month released
June 2007
June 2007
July 2007
July 2007
September 2007
September 2007
November 2007
December 2007

Manufacturer
Bisty Co., Ltd.
Rodeo Co., Ltd.
Bisty Co., Ltd.
Olympia Co., Ltd.
Rodeo Co., Ltd.
Rodeo Co., Ltd.
Bisty Co., Ltd.
Rodeo Co., Ltd.

Total number of pachislot machines sold
190,982
Note: The total number of pachinko machines sold includes the number of machines with titles other than theabove sold via agency sales.
Anticipating unprecedented levels of replacement demand for the first half ended September 30, 2007, weaggressively introduced new models and explored the new-age pachislot market in line with the outdating of old
regulation machines. During the second half, we have been steadily supplying products with enhanced
entertainment and gaming features to acquire loyal consumers from new market segments. During the third quarter(October through December 2007), we introduced two models, including Virtua Fighter, that were created byRodeo Co., Ltd., in full cooperation with SEGA.
As a result, net sales in the PS Field were ¥65,343 million and operating income was ¥6,873 million.
(Unit: million yen)First half ended
Nine months ended(Reference)
September 30, 2007
December 31, 2007 Year-over-year
Fiscal year ended(April to September(April to December
March 31, 2007change2007)
2007)
Net sales
58,71565,343—71,306
Operating income
8,623
6,873
—
9,073
(loss)
Note: Net sales include inter-group sales and transfers.
-5-(2) Game Field
In the Game Field, which has a highly synergetic relationship with the PS Field, we introduced mainstay
products as part of the SIMPLE Series mainly for the Nintendo DS in the Japanese market and developed new
products for Wii. Such aggressive business development led to steady sales of full-priced game software products
and content for mobile phones.
In the overseas market, we aggressively introduced global content titles in North America, and continued to sell
titles supplied from North America and Japan in Europe.
We also invested in global content, which is to be introduced mainly in the overseas market. This took place
during the third quarter to prepare for sales of the original global content title darkSector in the fourth quarter(January through March 2008), the worldwide promotion of which is being emphasized.
As a result, net sales in the Game Field were ¥8,851 million, and an operating loss of ¥414 million wasrecorded.
(Unit: million yen)First half ended
Nine months ended(Reference)
September 30, 2007
December 31, 2007 Year-over-year
Fiscal year ended(April to September(April to December
changeMarch 31, 2007
2007)
2007)
Net sales
4,140
8,851
—
9,946
Operating income
(359)
(414)
—
220
(loss)
Note: Net sales include inter-group sales and transfers.
(3) Other Field
In the sports marketing field, which offers a wealth of content on a global scale, the athlete managementbusiness progressed steadily, and Total Workout, which is engaged in the solution business, revised service fees in
December 2007 and promoted sports marketing and other measures aimed at expanding to cities outside of the
major urban areas in Japan.
In the movie and animation field, which is highly interactive with other fields in the cross-media business, we
continued aggressive investments in movie, animation and content funds to help produce primary content for theentire Group.
This is showing concrete results. For example, in July 2007 the first movie made using money that we invested
into a movie fund was released. In October 2007, Jushinenbu (Hero Tales), an animation series created by a
production team that we had invested in, began to air on TV. The content of Jushinenbu (Hero Tales) was used in
multiple ways by the Group companies, thereby having a synergetic effect on other business segments; forexample, an affiliate, thinkArt Co., Ltd., developed game software which is sold by D3 Inc.
In the animation field, Lucent Pictures Entertainment Inc., established to plan and produce animation, started
operation. This company secures commercially valuable content and intends to make advances in the animation
video industry from Group synergies through the cross-media development of content assets held by the Group.
Enjoying an increasingly high profile as a new medium, the mobile field is steadily growing, reflected by anincrease in the number of paying members of the mobile phone website “Fields Mobile,” which provides
comprehensive entertainment information. The number of website members exceeded 200,000 at the end of
December 2007. We also began to expand personnel to enhance content in preparation for business growth in thenext fiscal year.
Consequently, net sales of the Other Field were ¥3,875 million and an operating loss of ¥454 million wasrecorded.
(Unit: million yen)First half ended
Nine months ended(Reference)
September 30, 2007
December 31, 2007 Year-over-year
Fiscal year ended(April to September(April to December
changeMarch 31, 2007
2007)
2007)
Net sales
2,144
3,875
—
5,521
Operating income
(439)
(454)
—
(513)
(loss)
Note: Net sales include inter-group sales and transfers.

-6-

2. Analysis of Financial Position(1) Assets, Liabilities and Net Assets

Total assets
Total liabilities
Total net assets

At December 31, 2007
61,92018,39943,520At December 31, 2006
66,49024,894
41,596(Unit: million yen)
Year-over-year change(4,570)(6,494)
1,924

AssetsCurrent assets decreased ¥8,717 million year over year to ¥38,879 million. This was principally attributable to adecrease in cash and cash equivalents.
Tangible fixed assets increased ¥2,904 million to ¥7,521 million. This occurred primarily as a result of landpurchases for new branches scheduled to be constructed to bolster sales capacity in the PS Field.
Intangible fixed assets increased ¥451 million to ¥3,819 million. This was mainly attributable to a decrease ingoodwill and the purchase of software to reorganize our key system.
Investments and other assets increased ¥790 million to ¥11,700 million. This was attributable to an increase indeferred tax assets.
As a result, total assets decreased ¥4,570 million year over year to ¥61,920 million.
Liabilities
Current liabilities decreased ¥5,643 million to ¥14,632 million. This was attributable to a decrease in accounts
payable(trade) and an increase in short-term borrowings.
Fixed liabilities decreased ¥850 million to ¥3,766 million. This was principally attributable to a decrease inlong-term borrowings.
As a result, total liabilities decreased ¥6,494 million year over year to ¥18,399 million.
Net assets
Net assets increased ¥1,924 million year over year to ¥43,520 million. This was mainly attributable to anincrease in retained earnings.
(2) Cash flows
Cash and cash equivalents at December 31, 2007, amounted to ¥14,849 million.
Cash flows for the nine months ended December 31, 2007, were as follows:
Nine months ended
December 31, 2007

Nine months ended
December 31, 2006

(Unit: million yen)
Year-over-yearchangeCash flows from operating activities

3,053

8,419

(5,366)

Cash flows from investing activities(5,919)(2,540)(3,378)Cash flows from financing activities

(114)

1,342

(1,457)

Cash flows from operating activities
Net cash provided by operating activities decreased ¥5,366 million to ¥3,053 million. The principal factors inthis were a decrease of ¥5,966 million in notes and accounts receivable (trade), an increase of ¥821 million ininventories, an increase of ¥3,882 million in notes and accounts payable (trade) and ¥4,404 million in income
taxes paid.
Cash flows from investing activities
Net cash used in investing activities increased ¥3,378 million to ¥5,919 million. The principal factors in thisincrease were purchases of tangible fixed assets totaling ¥3,218 million and purchases of investment securities
totaling ¥1,798 million.
Cash flows from financing activities
Net cash used in financing activities increased ¥1,457 million to ¥114 million. The principal factors in this werean increase of ¥1,971 million in short-term borrowings, the repayment of ¥699 million in long-term borrowingsand cash dividends paid totaling ¥1,274 million.

-7-3. Consolidated Business Result Projections for the Year Ending March 31, 2008
Consolidated business result projections for the fiscal year ending March 31, 2008, are as follows.
As of February 5, 2008, the Company revised its projections for the non-consolidated fiscal year ending March
31, 2008. Projections for the consolidated business results, which were previously announced on November 6,
2007, have yet to be revised. Given the wide range of business models from the Company’s consolidated
subsidiaries, calculations—currently underway—are rather complicated. We will announce our projections as soon
as the specific estimates have been determined.
Consolidated Business Result Projections (announced on November 6, 2007; under examination)(Unit: million yen)(Consolidated)
Net sales
Operating income
Ordinary income
Net income

Consolidated businessresult projections forthe fiscal year ending
March 31, 2008
100,000
10,00010,0004,200

Consolidated businessresults for the fiscal
year ended March 31,
2007
85,321
8,944
9,202
3,710

Year-over-year change
17.2%
11.8%
8.7%
13.2%

(Reference) Projections for the Non-Consolidated Fiscal Year Ending March 31, 2008
(Announced as of February 5, 2008)
Non-consolidated
business result(Non-Consolidated)projections for fiscal
year ending March 31,
2008
Net sales
80,000Operating income
11,500Ordinary income
11,600Net income
3,700(Unit: million yen)
Non-consolidated
business results forfiscal year ended
March 31, 2007

Year-over-year change

71,314
8,999
9,393
4,773

12.2%
27.8%
23.5%
-22.5%

Reason for the revisions made to non-consolidated business result projections
Regarding the market environment, Fields Corporation anticipated demand for the replacement of pachinko
machines on an unprecedented scale for the first half of the fiscal year under review given the deadlines stipulated
for the use of old regulation machines. To address such high demand, the Company aggressively introduced new
regulation pachislot machines. In expectation of high replacement demand for pachinko machines in the second
half, we have strategically focused on sales of pachinko machines.
Profitability will be higher than announced on November 6, 2007, taking into account our recent performance.
Specifically, Bisty’s CR Neon Genesis Evangelion—‘The Angels Are Back Again,’ a pachinko machine whichstarted shipping at the end of January, has been highly acclaimed, and we are receiving a significant number oforders. Also shipping of Rodeo’s new pachislot machine, Tenka Muteki! Salaryman Kintaro, is scheduled at theend of February 2008.

4. Other(1) Transfer of important subsidiaries during the period under review (Transfer of specific subsidiaries that
results in a change in the scope of consolidation):
None(2) Simplified methods applied for accounting:
We have applied a simplified method for calculating some of the tax-related expenses(3) Change in accounting methods in preparation for consolidated financial statements:
Subsequent to the revision of the Income Tax Law, the Company and its consolidated subsidiaries in Japanchanged the accounting method of tangible fixed assets to the depreciation method in accordance with therevised Income Tax Law. The impact that this change has on the consolidated statement of income is
minimal.
-8-(Attached document)
5. (Summary) Consolidated Financial Statements for the Nine Months Ended December 31, 2007
(April 1 to December 31, 2007)(1) (Summary) Consolidated Balance Sheets(Unit: million yen)
PeriodItem
AssetsI Current assets
1. Cash and cash equivalents
2. Notes and accounts
receivable—trade
3. Inventories
4. Other current assets
5. Allowance for doubtful
accounts
Total current assets
II

Fixed assets
1. Tangible fixed assets
2. Intangible fixed assets(1) Goodwill(2) Other intangible fixed
assetsTotal intangible fixed assets
3. Investments and otherassets(1) Investment securities(2) Other assets(3) Allowance for doubtful
accounts
Total investments andother assets
Total fixed assets
Total assets

Nine months ended
December 31, 2006

Nine months ended
December 31, 2007

(As of December 31, 2006)(As of December 31, 2007)
Amount% totalAmount% total%%(Reference)
Fiscal year
ended March 31, 2007
(As of March 31, 2007)
Amount% total%23,036

14,987

17,902

14,703

12,14018,523

3,029
6,876

3,804
8,085

2,972
6,803

(49)

(139)

(57)

47,59671.6

38,87962.8

46,144

69.8

4,616
3,367

6.9
5.1

7,521
―
779
3,039

12.1
―

5,756
―
1,405

8.7
―

3,819

6.2

2,630
4,036

7,030
4,032

6,654
5,432

6,216
4,199

(153)

(385)

(272)

6.1

10,90916.4

11,70018.9

10,14415.4

18,894
66,49028.4
100.0

23,04061,92037.2
100.0

19,936
66,081

30.2
100.0

-9-

Period
Item
Liabilities
I
Current liabilities
1. Accounts payable—trade
2. Short-term borrowings
3. Current portion of
long-term borrowings
4. Corporate bonds
redeemable within 1 year
5. Accrued bonuses
6. Accrued bonuses todirectors and auditors
7. Allowance for losses onorder receiving
8. Other current liabilities
Total current liabilities
II

Nine months ended
December 31, 2006

Nine months ended
December 31, 2007

(As of December 31, 2006)
Amount% total%(As of December 31, 2007)
Amount% total%(Unit: million yen)
(Reference)
Fiscal year
ended March 31, 2007
(As of March 31, 2007)
Amount% total%12,872
1,834

4,963
4,201

9,094
2,230

935

830

917

120

120

120

6

4

25

50

96

98

―

17

―

4,457
20,276

4,399
14,632

6,379
18,865

Fixed liabilities
1. Corporate bonds
2. Long-term borrowings
3. Retirement benefit
provisions
4. Other fixed liabilities
Total fixed liabilities
Total liabilities

2,536
4,617
24,894

Net assets
I Shareholders' equity
1. Common stock
2. Capital surplus
3. Retained earnings
Total shareholders' equity

7,948
7,994
23,52839,471

Valuation and translationdifferences
1. Unrealized holding gain
(loss) on available-for-salesecurities
2. Foreign currencytranslation adjustment
Total valuation andtranslation differences
III Stock acquisition rights
IV Minority interest
Total net assets
Total liabilities and net assets

30.5

23.6

430
1,465

310
634

370
1,238

186

187

195

6.9
37.4

2,634
3,766
18,399

59.4

7,948
7,994
25,817
41,760

6.1
29.7

67.4

28.6

2,575
4,379
23,244

6.6
35.2

7,948
7,994
24,94340,886

61.9

II

485

(16)

214

14

29

13

499

0.7

12

0.0

228

0.3

―
1,624
41,596
66,490

2.5
62.6
100.0

32
1,715
43,52061,920

0.1
2.8
70.3
100.0

15
1,705
42,836
66,081

0.0
2.6
64.8
100.0

- 10 -

(2) (Summary) Consolidated Statements of Income

PeriodItem

I
II

Net sales
Cost of sales
Gross profit

III

Selling, general andadministrative expenses
Operating income

IVV

Non-operating income
Non-operating expenses
Ordinary income

VI
VII

Extraordinary income
Extraordinary losses
Income before income taxes
and minority interest
Current income taxes
Deferred income taxes
Minority interests
Net income

Nine months ended
December 31, 2006

Nine months ended
December 31, 2007

(April 1, 2006–December
31, 2006)
Amount% sales%
64,144100.0
44,811
69.9
19,33230.1(April 1, 2007–December
31, 2007)
Amount% sales%
77,485100.0
56,204
72.5
21,28027.5(Unit: million yen)
(Reference)
Fiscal year
ended March 31, 2007
(April 1, 2006–March
31, 2007)
Amount% sales%
85,321
100.0
56,072
65.7
29,24834.3

14,63522.8

15,29219.8

20,303

23.8

4,696

7.3

5,988

7.7

8,944

10.5

397
53
5,041

0.6
0.0
7.9

269
757
5,500

0.4
1.0
7.1

439
181
9,202

0.5
0.2
10.8

152
86

0.2
0.1

48
969

0.1
1.3

110
1,086

0.1
1.3

5,107

8.0

4,579

5.9

8,226

9.6

2,570
228
12
2,295

4.0
0.4
0.0
3.6

2,874
(557)
0
2,261

3.7
(0.7)
0.0
2.9

5,058
(625)
83
3,710

5.9
(0.7)
0.1
4.3

- 11 -

(3) (Summary) Consolidated Statements of Cash Flows

Item(Unit: million yen)
(Reference)Nine months ended
Nine months ended
PeriodFiscalyear
December 31, 2006
December 31, 2007
ended March 31, 2007
(April 1, 2006–December (April 1, 2007–December (April 1, 2006–March 31,
31, 2006)
31, 2007)
2007)
AmountAmountAmountⅠ Cash flows from operating activities
5,107

4,579

Depreciation and amortization

616

706

817

3.

Impairment loss

44

760

214

4.

Amortization of goodwill
Increase (decrease) in allowance for doubtful
accounts
Increase (decrease) in accrued bonuses to directors
and auditors

340

272

429

(100)

195

26

50

(2)

98

Increase (decrease) in accrued bonuses
Increase (decrease) in allowance for losses on order
receiving

(18)

(20)

―

―

17

―

Increase (decrease) in retirement benefit provisions
10. Increase (decrease) in reserve for retirement benefits
for directors and auditors

24

(7)

32

(607)

―

(607)

1.
2.

5.
6.
7.
8.

Income before income taxes and minority interests

9.

8,226

11. Interest and dividend income

(68)

(89)

(86)

12. Equity method investment losses

―

395

92

13. Interest expense

40

64

58

14. Gain on investment in anonymous association

(37)

(43)

(79)

15. Gain on sale of fixed assets

(0)

(1)

(0)

16. Loss on disposal of fixed assets

5

112

743

17. Loss on management of investment securities
18. Decrease (increase) in notes and accounts
receivable—trade

―

45

―

32,7795,966

28,719(1,378)(821)(1,341)

20. Decrease (increase) in merchandising right advances

676

(882)

944

21. Decrease (increase) in prepaid expenses

(545)

(313)

331

22. Decrease (increase) in advance payments

101

92

52

23. Decrease (increase) in notes held

70

143

(37)

24. Decrease (increase) in non-operating notes receivable

41

(412)

(175)

25. Decrease (increase) in deposits as security for dealing
26. Increase (decrease) in notes and accounts
payable—trade

20

(100)

20

(21,758)(3,882)(26,297)

27. Increase (decrease) in accrued consumption taxes

(299)

(178)

(152)

28. Increase (decrease) in deposits received

(167)

(636)

530

29. Increase (decrease) in guaranty deposits held

155

(121)

190

30. Payments of bonuses to directors and auditors

(105)

―

(105)

19. Decrease (increase) in inventories

203

1,563

(536)

15,189

7,402

12,111

32. Interest and dividends received

92

116

132

33. Interest paid

(46)

(61)

(63)

34. Income taxes paid

(6,815)(4,404)(6,887)

Net cash provided by (used in) operating activities

8,419

3,053

5,293

31. Others
Sub total- 12 -

(Unit: million yen)
PeriodItem

Ⅱ(Reference)
Fiscal year
ended March 31, 2007
(April 1, 2006–December (April 1, 2007–December (April 1, 2006–March
31, 2006)
31, 2007)
31, 2007)
Nine months ended
December 31, 2006

Nine months ended
December 31, 2007

AmountAmountAmountCash flows from investing activities
1. Transfer to time deposits

(1)

―

(2)

2. Proceeds from cancellation of time deposits

93

1

98

3. Purchases of tangible fixed assets
4. Proceeds from sale of tangible fixed assets
5. Purchases of intangible fixed assets(366)(3,218)(1,113)

5

―

16

(894)

(517)

(2,425)(1,108)(1,798)(1,050)

529

465

758

(50)

―

(16)

(9)

(289)

(9)

6. Purchases of investment securities
7. Proceeds from sale and redemption of investment
securities
8. Expenditure for acquiring shares in affiliates
Proceeds from (expenditure for) acquiring newly
9.
consolidated subsidiaries
10. Expenditure for equity investment

(126)

―

(596)

11. Expenditure for loans
12. Collection on loans

(23)

(1)

(23)

43

8

40

13. Payment for deposits and guarantees
14. Proceeds from cancellation of deposits andguarantees
15. Payment for long-term prepaid expenses

(349)

(266)

(363)

35

77

136

(8)

(56)

(8)

(0)

(0)

(1)

16. Payments for insurance reserve
17. Others
Net cash provided by (used in) investing activities
Ⅲ Cash flows from financing activities
1. Increase (decrease) in short-term borrowings
2. Proceeds from long-term borrowings
3. Repayment of long-term borrowings
4. Redemption of corporate bonds
5. Provision of collateral goods
6. Proceeds from issuance of new stock
7. Cash dividends paid
8. Others
Net cash provided by (used in) financing activities
Ⅳ Effect of exchange rate changes on cash and cash
equivalents
Ⅴ Increase (decrease) in cash and cash equivalents
Ⅵ Cash and cash equivalents at beginning of period
Ⅶ Increase in cash and cash equivalents due to change inscope of consolidation
Ⅷ Cash and cash equivalents at end of period- 13 -

(308)

(321)

(211)

(2,540)(5,919)(4,772)

1,081

1,971

1,477

2,000

―

2,000

(366)

(699)

(418)

(50)

(60)

(110)

―

(59)

(81)

―
(1,321)7

0(1,274)(1,389)

―

―

10

1,342

(114)

1,488

36

0

32

7,258

(2,980)2,042

15,777

17,81915,7770

10

023,035

14,84917,819

(4)Segment Information(Segment information by business category)Nine months ended December 31, 2007 (April 1, 2007–December 31, 2007)
PS FieldGame Field

Other Field

65,065

8,689

3,729

Total

(Unit: million yen)
Elimination or Consolidated
incorporation

I. Net Sales and Operating Income
or Loss
Net Sales:(1) Sales to third parties

77,485―77,485(2) Inter-group sales or transfers

277

162

145

585

(585)

―

Total

65,343

8,851

3,875

78,070(585)

77,48558,469

9,266

4,329

72,065(569)

71,496

Operating expenses

Operating income (loss)
6,873
(414)
(454)
6,004
(15)
5,988
Notes: 1. Based on the proximity of services or others provided, the Fields Corporation’s businesses are segmented into PS Field,
Game Field and Other Field.
2. The major products or services in each segment are as follows:(1) PS Field: Purchasing, sales, planning and development of pachinko/pachislot machines and related services(2) Game Field: Planning, development and sales of packaged software, such as game software(3) Other Field: Sports marketing and others.
3. All operating expenses are allocated among the three business segments.

Fiscal year ended March 31, 2007 (April 1, 2006–March 31, 2007)
Total(Unit: million yen)
Elimination or Consolidated
incorporation

PS FieldGame Field

Other Field

71,064

9,847

4,409

85,321―

85,321

242

99

1,112

1,453

(1,453)―

I. Net Sales and Operating Income
or Loss
Net Sales:(1) Sales to third parties(2) Inter-group sales or transfers
Total
Operating expenses

71,306

9,946

5,521

86,774(1,453)85,321

62,233

9,726

6,034

77,994(1,618)76,376

Operating income (loss)
9,073
220
(513)
8,780
164
8,944
Notes: 1. Based on the proximity of services or others provided, the Fields Corporation’s businesses are segmented into PS Field,
Game Field and Other Field.
2. The major products or services in each segment are as follows:(1) PS Field: Purchasing, sales, planning and development of pachinko/pachislot machines and related services(2) Game Field: Planning, development and sales of packaged software, such as game software(3) Other Field: Sports marketing and others.
3. All operating expenses are allocated among the three business segments.

(Segment information by region)
Nine months ended December 31, 2007 (April 1–December 31, 2007)
Since Japan accounts for more than 90% of total sales in all segments, the Company does not disclose segment information byregion.
Fiscal year ended March 31, 2007 (April 1, 2006–March 31, 2007)
Since Japan accounts for more than 90% of total sales in all segments, the Company does not disclose segment information byregion.

(Overseas sales)
Nine months ended December 31, 2007 (April 1–December 31, 2007)
Since overseas sales account for less than 10% of consolidated net sales, the Company does not disclose overseas sales.
Fiscal year ended March 31, 2007 (April 1, 2006–March 31, 2007)
Since overseas sales account for less than 10% of consolidated net sales, the Company does not disclose overseas sales.

- 14 -

(Attached document)
6. (Summary) Non-Consolidated Financial Statements for the Nine Months Ended December 31, 2007
(April 1 to December 31, 2007)(1) (Summary) Non-Consolidated Balance Sheets(Unit: million yen)
PeriodItem

Nine months ended
December 31, 2006

Nine months ended
December 31, 2007

(As of December 31, 2006)(As of December 31, 2007)

AmountAssetsI Current assets
1. Cash and cash equivalents
2. Notes receivable—trade
3. Accounts receivable—trade
4. Inventories
5. Merchandising rightadvances
6. Other current assets
7. Allowance for doubtful
accounts
Total current assets

Ⅱ Fixed assets
1. Tangible fixed assets
2. Intangible fixed assets
3. Investments and other% totalAmount% total%(Reference)
Fiscal year
ended March 31, 2007
(As of March 31, 2007)
Amount% total%%19,456
8,082
3,182
414

12,204
5,197
3,407
189

14,083
3,346
13,152
358

2,986

3,523

2,626

2,961

4,571

2,735

(41)

(120)

(50)

37,04265.2

28,973

55.6

36,253

63.0

3,947
1,746

6.9
3.1

7,054
2,815

13.5
5.4

5,245
2,576

9.1
4.5

assets:(1) Investment securities(2) Investments in
subsidiaries and affiliates(3) Other assets(4) Allowance for doubtful
accounts(5) Allowance forinvestment losses
Total investments andother assets
Total fixed assets
Total assets

2,637

2,361

2,351

7,980

5,630

7,876

4,118

6,363

3,745

(614)

(1,089)

(539)

(20)

―

―

14,10224.8

13,26525.5

13,43423.4

19,79556,83834.8
100.0

23,135
52,10844.4
100.0

21,25657,50937.0
100.0- 15 -

(Unit: million yen)
PeriodItem

Nine months ended
December 31, 2006

Nine months ended
December 31, 2007

(As of December 31, 2006)(As of December 31, 2007)

AmountLiabilities
Ⅰ Current liabilities
1. Accounts payable—trade
2. Accrued bonuses
3. Accrued bonuses todirectors and auditors
4. Reserve for loss on
guarantee liability
5. Other current liabilities
Total current liabilities

Ⅱ Fixed liabilities
1. Retirement benefit

provisions
2. Guaranty deposits received
Total fixed liabilities
Total liabilities

Net assets
Ⅰ Shareholders’ equity
1. Common stock
2. Capital surplus(1) Additional paid-in capital
Total capital surplus
3. Retained earnings(1) Legal reserve(2) Other retained earnings
General reserve
Retained earnings
brought forward
Total retained earnings
Total shareholders’ equity
Ⅱ Valuation and translationdifferences
1. Unrealized holding gain
(loss) on
available-for-salesecurities
Total valuation andtranslation differences
Total net assets
Total liabilities and net assets% totalAmount% total%(Reference)
Fiscal year
ended March 31, 2007
(As of March 31, 2007)
Amount% total%%11,389
6

3,555
4

8,199
25

50

96

98

―

830

―

2,136
13,582

3,307
7,794

4,435
12,758

23.9

166

15.0

22.2

173

161

2,539
2,706
16,288

4.8
28.7

2,454
2,615
10,409

5.0
20.0

2,575
2,749
15,507

4.8
27.0

7,948

14.0

7,948

15.2

7,948

13.8

7,994
7,994

14.1

7,994
7,994

15.3

7,994
7,994

13.9

9

9

9

20,00020,00020,000

4,111

5,762

5,834

24,12140,064

42.4
70.5

485

25,772
41,71549.5
80.0

25,843
41,786

44.9
72.6

214

(16)

485

0.8

(16)

0.0

214

0.4

40,54956,83871.3
100.0

41,69852,10880.0
100.0

42,00157,50973.0
100.0- 16 -

(2) (Summary) Non-Consolidated Statements of Income(Unit: million yen)
PeriodItem

Ⅰ Net sales
Ⅱ Cost of sales
Gross profit

Ⅲ Selling, general andadministrative expenses
Operating income

Ⅳ Non-operating income
Ⅴ Non-operating expenses
Ordinary income

Ⅵ Extraordinary income
Ⅶ Extraordinary losses
Income before income taxes
Income taxes: current
Income taxes: deferred
Net income

Nine months ended
December 31, 2006

Nine months ended
December 31, 2007

(April 1–December
31, 2006)
Amount% sales%
53,173100.0
36,865
69.3
16,30730.7(April 1–December
31, 2007)
Amount% sales%
65,335100.0
47,37972.5
17,955
27.5(Reference)
Fiscal year
ended March 31, 2007
(April 1, 2006–March
31, 2007)
Amount% sales%
71,314100.0
46,16464.7
25,15035.3

11,261

21.2

11,15417.1

16,150

22.7

5,046

9.5

6,800

10.4

8,999

12.6

369
4
5,411

0.7
0.0
10.2

273
192
6,881

0.4
0.3
10.5

407
13
9,393

0.6
0.0
13.2

132
7
5,536
2,183
302
3,050

0.2
0.0
10.4
4.1
0.6
5.7

43
4,461
2,464
2,549
(1,401)
1,316

0.1
6.8
3.8
3.9
(2.1)
2.0

89
749
8,734
4,272
(311)
4,773

0.1
1.1
12.2
6.0
(0.5)
6.7

- 17 -