Summary(Translation)
Fields Corporation
Summary of Interim Financial Information and Business Results (Consolidated)Year Ending March 31, 2009
November 6, 2008
Company Name:

Fields Corporation(URL: http://www.fields.biz)
Listed on:
JASDAQ (Stock code: 2767)
Representative Director:
Takashi Oya
President and COO
Inquiries:
Hideaki Hatanaka
Executive Officer and General Manager, Office of the President, Investor and Public Relations OfficeTel:+81-3-5784-2111
Planned Date for Submittal of the Quarterly Report:
November 14, 2008
Planned Date for Start of Dividend Payment:
December 5, 2008
(Rounded down to the nearest million)

1. Business results for the first half of the year ending March 31, 2009 (April 1, 2008, to September 30, 2008)(1) Operating results (cumulative total)(Percentage figures denote year-over-year changes.)
Net sales
Operating income
Ordinary income
Net income
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
First half, year ending
41,590
―
3,252
―
3,023
―
845
―
March 31, 2009First half, year ended
64,648 37.2
7,822 65.7
7,464 49.9
3,077 38.3
March 31, 2008
Net income per share
Diluted net income per share
Yen
YenFirst half, year ending
March 31, 2009First half, year ended
March 31, 2008

2,436.14―

8,868.65―(2) Financial position
Total assets

Net assets

Millions of yen
Millions of yen
First half, year ending
87,87145,305
March 31, 2009
Year ended
69,16846,331March 31, 2008
(Reference) Shareholders’ equity
First half, year ending March 31, 2009: ¥44,117 million
Year ended March 31, 2008: ¥44,485 million

Shareholders’ equity
ratio%

Net assets per share
Yen

50.2

127,138.63

64.3

128,201.49

2. Dividends(Record date)First
quarter-end
Yen

Secondquarter-end
Yen

Dividend per share
Third
quarter-end
Yen

Year ended
2,000.00――
March 31, 2008
Year ending
2,000.00――
March 31, 2009
Year ending March 31,―――
2009 (Forecast)(Note) Revisions made to projections on dividends for the quarter: No
1

Year-end

AnnualYen

Yen

2,500.00

4,500.00――

2,500.00

4,500.00

3. Forecast earnings for the year ending March 31, 2009 (April 1, 2008, to March 31, 2009)(Percentages denote year-over-year changes versus the corresponding year-earlier period.)
Net income
Net sales
Operating income Ordinary income
Net income
per share
Millions of yen% Millions of yen%Millions of yen% Millions of yen

75,000 (26.3)
10,000 (24.0)
Full year
10,000 (14.6)(Note) Revisions made to the forecast earnings for the quarter: No

5,300

%

Yen

0.1

15,273.78

4. 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): No(2) Adoption of simplified accounting methods and special accounting methods applicable to preparation of quarterly
consolidated financial statements: Yes(Note) For details, see “4. Other” in Qualitative Information, Financial Statements and Other Data on page 7.
(3) Changes in accounting principles, accounting procedures, presentation method and others in association with the
preparation of quarterly consolidated financial statements (Those which are stated in the “Basis of Presentation of
the Quarterly Consolidated Financial Statements”)
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(Note) For details, see “4. Other” in Qualitative Information, Financial Statements and Other Data on page 7.
(4) Number of shares issued (common stock)1) Number of shares issued (including treasury stock)
First half, year ending March 31, 2009
347,000sharesYear ended March 31, 2008
347,000shares
2) Number of treasury stock at end of year
First half, year ending March 31, 2009
― sharesYear ended March 31, 2008
― shares
3) Average number of shares outstanding (quarterly consolidated cumulative period)First half, year ending March 31, 2009
347,000sharesFirst half, year ending March 31, 2008
347,000shares*Explanation on the appropriate usage of forecast earnings and other specific matters(1) No revisions are made to the consolidated forecast earnings as of May 14, 2008. The above forecast has been madebased on information available as of the date hereof, and actual earnings may differ from the projected figures due tovarious factors that may occur subsequently.
(2) The Company has adopted the Accounting Standard for Quarterly Financial Reporting and its Implementation
Guidance (ASBJ Statement No. 12) and the Guidance on Accounting Standard for Quarterly Financial Reporting(ASBJ Guidance No. 14) starting from the current fiscal year. The Company has also prepared quarterly consolidated
financial statements in accordance with the Regulations on Quarterly Financial Reporting.

2

y Qualitative Information, Financial Statements and Other Data
1. Qualitative Information Regarding Consolidated Operating Results(1) Overview of Operations for the First Half of the Year Ending March 31, 2009
Anticipating changes in the market environment, the Company has consistently focused itself on planning anddeveloping merchandise rich in gaming and entertainment elements, by virtue of the marketing prowess a leading
independent distributor enjoys and the planning savvy a fabless vendor has accumulated. In particular, theCompany recognizes the importance of digital content as it forms the foundation on which the Company
establishes its competitive edge. Acting on this, the Company has expanded into diverse fields of entertainment
with a view to acquiring, creating and developing copyrights (merchandising rights) that offer superior
entertainment features applicable in the field of pachinko/pachislot machines, and contents that open up new
customer segments.
In the pachinko/pachislot business, the size of the market for pachislot machines shrank following increased
replacement demand last year arising from the industry’s complete shift to pachislot machines compliant with the
new regulations. Moreover, between June and mid-July this year the industry voluntarily refrained from replacing
machines in connection with the country’s hosting of the G8 Summit at Lake Toya. Especially because of thesefactors, the Company initially expected the first half of the current year to be extremely challenging, but its
performance results proved stronger than projected, as sales of pachinko/pachislot machines introduced during thesecond quarter (July–September) continued to do well.
In game, sports, movie, animation, mobile and other fields, meanwhile, the individual companies that comprise theGroup stepped up their operations steadily in ways that sought to improve and enhance their independent earningpotential. At the same time, they carried out a variety of programs to create content synergies with an eye oncommercial application in pachinko/pachislot machines.
As a result of these above factors, during the first half of the current year, on a consolidated basis the Company
posted net sales of ¥41,590 million, operating income of ¥3,252 million, ordinary income of ¥3,023 million, andnet income of ¥845 million.
During the first half of the current year, the Company recognized ¥160 million in extraordinary income to accountfor insurance proceeds received and others, and posted ¥782 million in extraordinary losses to account for losses
incurred, particularly by a subsidiary because of discontinued production.
(2) Analysis of First-Half Operations by Business Segment
1) Pachinko/Pachislot (PS) Field Segment
The pachinko/pachislot machine industry faces a major change in its market environment. Last year atpachinko halls nationwide, all installed pachislot machines compliant with the old regulations were replacedcompletely with pachislot machines compliant with the new regulations. In such circumstances, hall operators
have implemented a variety of business efforts to broaden the fan base into new segments. These include theadoption of pachinko machines rich in gaming and entertainment elements and a market approach of reducing
the lease fee for pachinko balls. At the same time, the operators have become exacting in evaluating andselecting the pachinko machines they adopt. A remarkable trend is that large orders are limited to pachinko
machines that are highly rated and it is these machines that are becoming their primary earner.
Manufacturers have demonstrated a pronounced shift away from their previous strategy of supplying a great
assortment of machine brands in favor of limiting their variety and investing time into planning anddevelopment to supply exquisitely created machines. This has led to a climate where the acquisition ofhigh-potential content and the enhancement of planning and development capabilities decide who wins andwho loses.
During the first quarter of the current year, the industry voluntarily refrained from replacing machines out ofconsideration for the country’s hosting of the G8 Summit at Lake Toya in July 2008. In keeping with theabove-noted circumstances, however, the pachinko machine sales business saw CRA Neon Genesis Evangelion
Premium Model, designed less for gambling than for playing for fun, achieve total sales of 51,300 machines.
During the second quarter of the current year, competition intensified once the industry’s voluntary replacement
restraint in connection with the G8 Summit at Lake Toya had run its course. In this market environment, thepachinko machine sales business launched CR Seven Samurai, its first additional innovative title designed tocreate a new video entertainment experience, and 65,700 machines were shipped during the quarter (total unit
sales of 82,200 machines). Likewise, the pachislot machine sales business marketed Neon Genesis
Evangelion—That time has come, now they’re waiting for us, the newest edition of the Neon Genesis
Evangelion series, which received high acclaim in the marketplace and sold 72,600 machines during the quarter(total unit sales of 89,900 machines).
As a result of the above, during the first half of the current year, with unit sales of pachinko machines
amounting to 137,500 and unit sales of pachislot machines coming to 79,200, the Pachinko/Pachislot (PS) Field
segment posted net sales of ¥34,957 million and operating income of ¥5,569 million.
3

Part of total unit sales of the pachinko machine, CR Seven Samurai, and the pachislot machine, Neon Genesis
Evangelion—That time has come, now they’re waiting for us, will be included in the figures for the third
quarter (October–December).
2) Game Field Segment
In the Game Field segment, the Company promotes the multi-use and global roll-out of content in pursuit of not
only expanding revenues and earnings consistently within the field, but also acquiring and creating content for
application in pachinko/pachislot machines.
During the first quarter of the current year, following slower growth in first-quarter sales of darkSector,
introduced late in the previous year by the D3 Inc. group in a campaign to develop a blockbuster title, theCompany allocated the estimated cost of implementing a price protection program. Meanwhile, a high-end
game software rendition of CR Neon Genesis Evangelion—The Angels Are Back Again, created in synergy with
the Pachinko/Pachislot (PS) Field segment, recorded continued strong sales, along with sales of Ben10 and the
NARUTO Series which continued to do well overseas.
During the second quarter of the current year, an extended period of sales of the above titles and others fell
short of making up for the negative earnings impact and other issues experienced during the first quarter.
As a result of the above, the Game Field segment posted net sales of ¥4,127 million and operating loss of¥1,619 million.
3) Sports Field Segment
In the Sports Field segment, the Company operates aggressively in accordance with its strategy that identifies B
to C and B to B businesses in the field of sports as forming its two pillars.
During the first quarter of the current year, sales of sponsorships for a variety of sports activities continued to
be strong, and the athlete management business reported continued strong results benefiting particularly fromoutstanding showings by athletes under contract. The Total Workout operation inaugurated a branch in Fukuoka
in April, under its initiative to expand into cities outside of the major urban areas in Japan, and sought toacquire new members.
During the second quarter of the current year, the athlete management business continued to fare well. The
Total Workout operation discontinued the branch at Ebisubashi in Osaka at the end of September under aprogram to review the current branch structure in order to make this business more profitable.
As a result of the above, the Sports Field segment posted net sales of ¥1,977 million and operating loss of ¥342
million.
4) Movies Field Segment
In the Movies Field segment, the Company has consistently invested in movies and content funds and more, in
pursuit of commercializing movie content for application in pachinko/pachislot machines.
During the first quarter of the current year, two movies in whose production the Company has invested hit thescreen. THE PUZZLE OF GOD, a film released in June, suffered a quite lackluster performance at the box
office, and accordingly the Company has written off the investment.
During the second quarter of the current year, no new investment project was initiated in the movies business.
As a result of the above, the Movies Field segment posted net sales of ¥30 million and operating loss of ¥522
million.
5) Other Field Segment
In the field of mobile content, the Company seeks to generate synergies with the Pachinko/Pachislot (PS) Field
segment by providing content designed to expand the pachinko fan base. In conjunction with this, the Company
has initiated efforts aimed at developing new business possibilities in this field by developing a fuller array ofdiverse content assets. In the field of animation, Lucent Pictures Entertainment, Inc. engages on a full-fledged
basis in the planning and development of animation content for cross-media deployment, as it seeks to achieve
profitability as early as possible.
During the first quarter of the current year, a mobile content platform operated by FutureScope Corporation
began offering a new service in June. During the second quarter of the current year, the Fields Mobile
mobile-phone Web site, the company’s mainstay mobile content operation, which provides comprehensive
entertainment information, continued to fare well with its paying membership exceeding 380,000.
As a result of the above, the Other Field segment posted net sales of ¥771 million and operating income of¥152 million.
(Note) Net sales reported by the individual segments are gross of inter-group sales or transfers.

4

2. Qualitative Information on the Consolidated Financial Position(1) Assets, Liabilities and Net Assets(Assets)
Current assets amounted to ¥55,717 million, up ¥16,158 million since the end of the previous year. This
primarily reflected an increase in notes and accounts receivable—trade.
Tangible fixed assets amounted to ¥11,617 million, up ¥3,523 million since the end of the previous year. This
primarily reflected the purchase of land scheduled for the construction of branch office premises to enforce
sales capabilities in the Pachinko/Pachislot (PS) Field segment.
Intangible fixed assets amounted to ¥3,513 million, down ¥424 million since the end of the previous year.
Investments and other assets amounted to ¥17,023 million, down ¥555 million since the end of the previous
year. This primarily reflected a decrease in net unrealized holding gain on investment securities.
As a result of the above, total assets amounted to ¥87,871 million, up ¥18,702 million since the end of theprevious year.
(Liabilities)
Current liabilities amounted to ¥36,390 million, up ¥17,068 million since the end of the previous year. This
primarily reflected increases in notes and accounts payable—trade and short-term borrowings.
Fixed liabilities amounted to ¥6,175 million, up ¥2,661 million since the end of the previous year. This
primarily reflected an increase in corporate bonds payable.
As a result of the above, total liabilities amounted to ¥42,566 million, up ¥19,729 million since the end of theprevious year.
(Net assets)
Net assets amounted to ¥45,305 million, down ¥1,026 million since the end of the previous year. This primarilyreflected decreases in net unrealized holding gain on available-for-sale securities and minority interests.
(2) Cash Flows
During the first half of the current fiscal year ending March 31, 2009 (hereinafter referred to as the “first half of thecurrent year”), cash and cash equivalents (hereinafter referred to as “cash”) decreased ¥1,990 million since the endof the previous year and amounted to ¥10,703 million at the end of the first half of the current year.
(Cash flows from operating activities)
Operating activities during the first half of the current year resulted in a net decrease in cash of ¥2,260 million,
owing primarily to an increase in notes and accounts receivable—trade, an increase in notes and accounts
payable—trade, and to income taxes paid.
(Cash flows from investing activities)
Investing activities during the first half of the current year resulted in a net decrease in cash of ¥5,127 million,
due primarily to purchases of tangible fixed assets.
(Cash flows from financing activities)
Financing activities during the first half of the current year resulted in a net increase in cash of ¥5,312 million,
primarily because of an increase in short-term borrowings, proceeds from long-term borrowings, and proceedsfrom issuance of corporate bonds.
3. Qualitative Information on Projections for the Consolidated Business Results
As disclosed in the “Notification of the Revisions to Performance Projections” dated November 6, 2008, the results
for the first half of the current fiscal year ending March 31, 2009 proved stronger than projected, because thepachinko/pachislot machine sales businesses, which form the core of the Company’s operations, continued to do well.
Especially since the current global macroeconomic climate remains uncertain, at present the consolidated businessperformance projections for the current fiscal year that the Company disclosed on May 14, 2008 remain unchanged. If
a situation occurs in the coming months that makes it necessary for the Company to revise the projections, we intend
to disclose that revision on a timely basis.
4. Other(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) Adoption of simplified accounting methods and special accounting methods applicable to preparation of quarterly
consolidated financial statements51) Method for estimation of general loan losses
Because it was observed at the end of the second quarter of the current year that no significant change has
occurred in the Company’s historical loan loss ratio, etc. since the end of the previous year, the Company
determines an estimate of loan losses by employing the historical loan loss and other ratios computed at the endof the previous year.
2) Method for valuation of inventories
For the purpose of valuing inventories at the end of the second quarter of the current year, the Company
dispenses with physical inventorying and applies a reasonable valuation method on the basis of the value of
inventories physically verified at the end of the previous year.
3) Method for determination of deferred tax assets and deferred tax liabilities
For evaluating deferred tax assets for recoverability, because it has been observed that no significant change has
occurred in the Company’s business environment and other conditions or the occurrence of temporary and other
differences since the end of the previous year, the Company applies the method that employs the same futurebusiness performance projections and tax planning that were used at the end of the previous year.
4) Simplified accounting for offsetting and elimination of intercompany receivables and payables and transactions
among consolidated companies
During the offsetting and elimination of intercompany receivables and payables among consolidated companies, if
the Company finds a discrepancy between the amounts receivable and payable, we offset and eliminate themagainst each other, to the extent that elimination is reasonable, without reconciling such discrepancy.
And during the offsetting and elimination of intercompany transactions among consolidated companies, if theCompany finds a discrepancy in transaction amounts, we apply the method that causes the different amounts toalign with the amount recorded by the parent company, for the offsetting and elimination of transactions,provided that such discrepancy is insignificant.
5) Simplified accounting for elimination of unrealized gains and losses
In eliminating unrealized gains and losses remaining at the end of each fiscal quarter on inventory assets
acquired in intercompany transactions among consolidated companies, if the Company observes that no
significant change has occurred since the previous year in the circumstances in which the transaction took
place, the Company uses the gain or loss ratio used for the previous year.
6) 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 current year after accounting for the tax effects of temporary differences andmultiplies income before income taxes during the first half of the current year by such estimated effective tax
rate.
Deferred income taxes are included in “current income taxes.”(3) Changes in accounting principles, accounting procedures, presentation method, etc. in association with the
preparation of quarterly consolidated financial statements
1) The Company has adopted the Accounting Standard for Quarterly Financial Reporting and its Implementation
Guidance (ASBJ Statement No. 12, issued by the Accounting Standards Board of Japan on March 14, 2007)
and the Guidance on Accounting Standard for Quarterly Financial Reporting (ASBJ Guidance No. 14, issued
by the Accounting Standards Board of Japan on March 14, 2007) starting from the first quarter of the current
year. The Company has also prepared quarterly consolidated financial statements in accordance with theRegulations on Quarterly Financial Reporting.
2) Adoption of accounting standards pertaining to valuation of inventories
Effective with the first quarter of the current year, the Company adopts the Accounting Standard for Valuationof Inventories (ASBJ Statement No. 9, issued by the Accounting Standards Board of Japan on July 5, 2006) andchanges its valuation policy from the cost method to a cost basis (which reduces the book value of assets whose
profitability is diminished).
This change has no effect on income.
3) Adoption of tentative treatments applicable to accounting for foreign subsidiaries in preparation of consolidated
financial statements
Effective with the first quarter of the current year, the Company adopts the Practical Solution on Unification of
Accounting Policies Applied to Foreign Subsidiaries for Consolidated Financial Statements (ASBJ PITF No.
18, issued by the Accounting Standards Board of Japan on May 17, 2006) and performs required reconciliationsin the consolidation accounting process.
This application has no effect on income.
65. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets
End of second quarter ofcurrent year
(September 30, 2008)
AssetsCurrent assets
Cash and cash equivalents
Notes and accounts receivable—trade
Inventories
Other current assets
Allowance for doubtful accounts
Total current assets
Fixed assets
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
Corporate bonds redeemable within 1 year
Current portion of long-term borrowings
Accrued income taxes
Accrued bonuses
Accrued bonuses to directors and auditors
Allowance for losses on order receiving
Allowance for sales discounts
Other current liabilities
Total current liabilities
Fixed liabilities
Corporate bonds
Long-term borrowings
Retirement benefit provisions
Other fixed liabilities
Total fixed liabilities
Total Liabilities

7(Unit: Million yen)
Condensed consolidatedbalance sheet at
end of previous year
(March 31, 2008)

10,84830,933
4,208
9,981
(254)
55,717

12,841
12,354
4,013
10,442(92)
39,55911,617

8,093

761
2,751
3,513

1,057
2,880
3,937

12,5204,784(281)
17,02332,154
87,871

13,212
4,721(355)
17,57829,60969,16820,016
5,921
720
1,216
2,510
46
125
26
1,211
4,599
36,390

5,954
3,398
120
804
3,743
174
128
49
4,948
19,322

2,590
818
229
2,537
6,175
42,566

250
434
211
2,618
3,514
22,836

(Unit: Million yen)
End of second quarter ofcurrent year
(September 30, 2008)
Net assets
Shareholders’ equity
Common stock
Capital surplus
Retained earnings
Total shareholders’ equity
Valuation and translation differences
Unrealized holding gain on available-for-salesecurities
Foreign currency translation adjustment
Total valuation and translation differences
Stock acquisition rights
Minority interest
Total net assets
Total Liabilities and Net Assets

8

Condensed consolidatedbalance sheet at
end of previous year
(March 31, 2008)

7,948
7,994
28,82944,772

7,948
7,994
28,852
44,795

(615)

(249)

(40)
(655)
60
1,128
45,30587,871

(59)
(309)
43
1,802
46,331
69,168

(2) Quarterly Consolidated Statement of Income[First half of current year](Unit: Million yen)

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Foreign exchange gain
OthersTotal non-operating income
Non-operating expenses
Interest expense
Corporate bond issuance expenses
Equity method investment loss
Amortization of equity investment
OthersTotal non-operating expenses
Ordinary income
Extraordinary income
Gain on investment in anonymous association
Insurance proceeds received
OthersTotal extraordinary income
Extraordinary losses
Loss on correction of gain or loss in previous year
Loss on sale of fixed assets
Impairment loss
Loss due to disaster
Loss due to discontinued production
OthersTotal extraordinary losses
Income before income taxes and minority interest
Current income taxes
Minority interest
Net income

First half of current year
(April 1, 2008–September 30, 2008)
41,59027,068
14,522
11,269
3,252
23
106
87
149
367
65
51
347
67
64
595
3,023
48
110
0
160
4
0
109
99
502
66
782
2,400
2,219
(664)
845

9

(3) Quarterly Consolidated Statement of Cash Flows(Unit: Million yen)First half of current year
(April 1, 2008–September 30, 2008)
Cash flows from operating activities
Income before income taxes and minority interest
Depreciation and amortization
Impairment loss
Amortization of goodwill
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in accrued bonuses
Increase (decrease) in accrued bonuses to directors andauditors
Increase (decrease) in retirement benefit provisions
Increase (decrease) in allowance for sales discounts
Interest and dividend income
Discounts on purchases
Equity method investment loss (gain)
Interest expense
Decrease (increase) in notes and accounts receivable—trade
Decrease (increase) in inventories
Decrease (increase) in merchandising right advances
Increase (decrease) in notes and accounts payable—trade
Increase (decrease) in accrued consumption taxes
Others
Sub totalInterest and dividends received
Interest paid
Insurance proceeds received
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
Purchases of investment securities
Expenditure for equity investment
OthersNet cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings
Repayment of long-term borrowings
Proceeds from issuance of corporate bonds
Expenditure for redemption of corporate bonds
Cash dividends paid
Cash dividends paid to minority shareholders
OthersNet cash provided by (used in) financing activities
Effect of exchange rate changes on cash and cash equivalents
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period
10

2,400
861
109
267
87
(128)
(3)
17
1,211
(129)
(24)
347
65
(18,434)(194)
482
13,886
(188)
775
1,409
134
(54)
110
(3,860)(2,260)(4,526)
(250)
(266)
(39)
(43)
(5,127)
2,523
1,200
(404)
2,948
(60)
(868)
(24)
(1)
5,312
85
(1,990)12,693
10,703

The Company has adopted the Accounting Standard for Quarterly Financial Reporting and its Implementation
Guidance (ASBJ Statement No. 12) and the Guidance on Accounting Standard for Quarterly Financial Reporting(ASBJ Guidance No. 14) starting from the current fiscal year. The Company has also prepared quarterly consolidated
financial statements in accordance with the Regulations on Quarterly Financial Reporting.
(4) Note Regarding the Operation of the Company as a Going Concern
First half of current year (April 1, 2008–September 30, 2008)
No relevant items(5) Segment Information[Segment information by business category]First half of current year (April 1, 2008–September 30, 2008)
Pachinko/
Pachislot(PS) Field(Millions ofyen)Game Field(Millions ofyen)Sports Field(Millions ofyen)Movies Field(Millions ofyen)

Other Field(Millions of
yen)

Total
(Millions ofyen)

Elimination orincorporation(Millions ofyen)Consolidated(Millions ofyen)

Net sales(1) Sales to third parties
34,721
4,126
1,947
30
764
41,590―41,590(2) Inter-group sales or
236
0
30
―
6
274
(274)
―
transfers
Total
34,957
4,127
1,977
30
771
41,864(274)
41,590Operating income
5,569(1,619)
(342)
(522)
152
3,237
14
3,252
(loss)(Notes) 1. Based on the proximity of products or services, etc. provided, the Company’s businesses are segmented
into Pachinko/Pachislot (PS) Field, Game Field, Sports Field, Movies Field and Other Field.
2. The major products or services in each segment are as follows:(1) Pachinko/Pachislot (PS) Field: Purchasing, sales, planning and development of pachinko/pachislot
machines and related services(2) Game Field: Planning, development, sales, etc. of packaged software, such as game software(3) Sports Field: Sports management and related activities(4) Movies Field: Movie production, digital content creation and copyright acquisition(5) Other Field: Planning, production, etc. of animation
3. Resegmentation of operations
In previous years, the sports management business and the movie business have been included in the
Other Field segment. Because these businesses are now significant in value, the Company resegmented
its operations to separate and disclose these businesses in segments called the Sports Field segment andMovies Field segment, respectively, effective with the first quarter of the current year.
This has no impact on segment information.
[Segment information by region]
First half of current year (April 1, 2008–September 30, 2008)
Segment information by region is omitted, since Japan accounted for more than 90% of total net sales across all
segments.
[Overseas sales]First half of current year (April 1, 2008–September 30, 2008)
Information on overseas sales is omitted, since overseas sales accounted for less than 10% of consolidated net
sales.
(6) Note Regarding Occurrence of Significant Change in Amount of Shareholders’ Equity
First half of current year (April 1, 2008–September 30, 2008)
No relevant items

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[For reference]
Consolidated Statement of Income for first half of previous year
First half ended September 30, 2007
(April 1, 2007–September 30, 2007)
Item

Amount (million yen)% sales

I Net sales

64,648

100.0

II Cost of sales

47,20373.0

Gross profit

17,444

27.0

9,621

14.9

7,822

12.1

223

0.3

III Selling, general and administrative expenses
Operating income
IV Non-operating income
1 Interest income

47

2 Dividend income

13

3 Discounts on purchases

86

4 Reconciliation money

27

5 Others

49

V Non-operating expenses
1 Interest expense

41

2 Equity method investment loss

386

3 Loss on management of investment securities

45

4 Amortization of equity investment80

5 Others

27

Ordinary income

582

0.9

7,464

11.5

46

0.1

VI Extraordinary income
1 Gain on investment in anonymous association

43

2 Others

3

VII Extraordinary losses
1 Loss on disposal of fixed assets

110

2 Impairment loss

760

3 Valuation loss on investment securities

80

4 Others

3

Income before income taxes and minority interest
Current income taxes

3,704

Deferred income taxes

(8)

953

1.5

6,557

10.1

3,695

5.7

Minority interests (loss)

(215)

(0.4)

Net income

3,077

4.8

6. Other Information
There is no information that requires particular description.

12