Summary(Translation)
FIELDS CORPORATION
Summary of Financial Information and Business Results (Consolidated)
for the Nine Months Ended December 31, 2015 (Japan GAAP)(Year Ending March 31, 2016)
January 29, 2016
Listed on: TSE [JASDAQ]
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:

February 8, 2016―
Yes
Yes (For institutional investors and security analysts)(Rounded down to the nearest million)

1. Consolidated business results for the nine months ended December 31, 2015 (April 1, 2015 to December 31, 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
Nine months ended
December 31, 2015
Nine months ended
December 31, 2014
(Note) Comprehensive income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

71,628

144.3

2,168

―

2,195

―

779

―

29,317(45.9)(6,599)―(5,633)―(3,215)―

Nine months ended December 31, 2015: ¥1,083 million (―%)
Nine months ended December 31, 2014: ¥(3,476) million (―%)
Net income per share

Nine months ended
December 31, 2015
Nine months ended
December 31, 2014

Diluted net income per share
Yen

Yen

23.49

―

(96.90)―(2) Financial position
Total assets

Net assets

Shareholders’ equity ratio

Millions of yen

Millions of yen%

Nine months ended
December 31, 2015

89,15859,215

65.4

Year ended March 31, 2015

110,316

60,246

53.9(Reference) Shareholders’ equity

Nine months ended December 31, 2015: ¥58,327 million
Year ended March 31, 2015: ¥59,492 million

2. DividendsFirstquarter-end
Year ended March 31, 2015

Annual dividends
Thirdquarter-end

Secondquarter-end

Year-end

Annual

Yen

Yen

Yen

Yen

Yen

―

25.00

―

35.00

60.00

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.

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)

Net sales
Millions of yen

Operating income%

Millions of yen%

Ordinary income
Millions of yen%

Net income
per share

Net income
Millions of yen%

Yen

Full-year
120,000
20.5
6,000
26.5
6,500
18.4
3,500
15.9
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)
Nine months ended December 31, 2015
34,700,000 sharesYear ended March 31, 2015
34,700,000 shares
2) Number of shares of treasury stock at end of year
Nine months ended December 31, 2015
Year ended March 31, 2015

1,516,200 shares
1,516,200 shares

3) Average number of shares outstanding (quarterly consolidated cumulative period)
Nine months ended December 31, 2015
33,183,800 shares
Nine months ended December 31, 2014
33,183,800 shares* Indication of status of quarterly review procedure
This quarterly earnings report is not subject to review procedures based upon the Financial Instruments and Exchange Act. Thus, atthe time of disclosure of the financial results, the quarterly financial statement review procedures based upon the Financial
Instruments and Exchange Act have not been completed.
* Explanation of the appropriate usage of forecast earnings and other specific matters# The above forecast relies on judgments and assumptions based on information available as of the date of announcement of thismaterial, and is subject to changes in risks, uncertainties, and economy, and other factors that could cause actual results to bematerially different from expectations. Please refer to“(3) Review of consolidated earnings forecasts and other forecasts” under“1. Qualitative information on quarterly financial results” on page 4 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, February 1, 2016.
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 income8(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 nine months ended December 31, 2015 (April 1, 2015 to December 31, 2015)
The Company posted net sales of ¥71,628 million (up 144.3% year-over-year), operating income of ¥2,168 million (versus
operating loss of ¥6,599 million for the same period of the previous year), ordinary income of ¥2,195 million (versus
ordinary loss of ¥5,633 million for the same period of the previous year), and net income attributable to owners of parent forthe period totaling ¥779 million (versus net loss attributable to owners of parent of ¥3,215 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 43.7% to 220,000. In particular, sales of pachislot machines rose
164.6% to 93,000, thanks to contributions from several titles, including the “EVANGELION” series. Sales of pachinko
machines increased 7.4% to 126,000. The main titles that have already been launched and the main titles currently being
marketed are shown in the table below.

< Main titles already launched and main titles currently being marketed (as of January 29, 2016)>
Pachislot machine titles

Month of delivery

EVANGELION—Spear of Hope

June 2015

Resident Evil 6

July 2015

ASURA’S WRATH

September 2015

MAJESTIC PRINCE
Oh My Goddess!

November 2015
November 2015

EVANGELION―Tamashii wo Tsunagumono

December 2015

MOBILE SUIT GUNDAM Awakening –Chained battle–

January 2016

PACHISLOT NINJA GAIDEN（*）

February 2016

HIGURASHI NO NAKUKORONI―KIZUNA（*）

February 2016

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
CR Midoridon Hanabi DE Buon giorno

September 2015
November 2015

CR Million GOD RISING –Zeus Returns–

December 2015

CR Tengen Toppa Gurren Lagann （*）(Note) Asterisks indicate titles being marketed as of January 29, 2016.

February 2016

The main initiatives to create and commercialize IP(Intellectual Property) are described below.
The Group carries out a cyclical business in which it develops IP, such as characters and stories, in cross-media 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 published the seventh volume of “ULTRAMAN,” one of the works serialized in this comic,
bringing the cumulative total number of books published in this series since the first volume to more than 2 million. We alsocommenced operating activities of “Tengen Toppa Gurren Lagann” pachinko machines (delivery in February 2016) as part ofour cross-media expansion. We are also working on animation projects for several other titles, as well as commercializing
some of them as visuals, games, pachinko/pachislot machines and other products.
In visual media, a decision was made for the theater release of “Ultraman X.” As for the Ultraman series, we have ramped up
advertising and product development, not only within Japan, but also in Southeast Asia. And in TV media, we commenced
broadcasts of “Active Raid: Special Public Security Fifth Division Third Mobile Assault Eighth Unit” and “Grimgar, Liveand Act” in January 2016. Plans are in place to commercialize these titles across a variety of media.
As for social games, the Group released two titles in December 2015. We are currently concentrating on improving
profitability and game function, including our existing titles. The titles currently in service are shown in the table below.

2In the live entertainment field, we have continued to present Hero shows and experience-based live entertainment shows
which utilize the “Ultraman series.” Going forward, we plan to stage shows both in Japan as well as in five other countries
and regions in Asia.

<Titles of social games currently in service (as of January 29, 2016)>
Social game titles

Start date of service

AKB48 Stage Fighter

October 2011

AKB48's Ambition
AKB48 Group Official Music Game

January 2013
May 2014

Freezing Vibration

December 2014

ANIMAL × MONSTERMarch 2015

the TOWER of PRINCESS
the SOUL of SEVENS

August 2015
December 2015

GUALDIANS VIOLATION

December 2015
(Note) The social game titles listed in the table above include license development.

(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 ¥49,042 million, down ¥21,972 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 ¥11,679 million, down ¥517 million since the end of the previous fiscal year. The principal
factor behind this was a decrease in land.
Intangible fixed assets amounted to ¥4,063 million, down ¥427 million since the end of the previous fiscal year. The principal
factors behind this were a decrease in software under development and a decrease in goodwill.
Investments and other assets amounted to ¥24,373 million, up ¥1,758 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 ¥89,158 million, down ¥21,158 million since the end of the previous fiscal
year.

(Liabilities)
Current liabilities amounted to ¥25,478 million, down ¥20,295 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 ¥4,464 million, up ¥167 million since the end of the previous fiscal year. The principal factor
behind this was an increase in asset retirement obligations.
As a result of the above, total liabilities amounted to ¥29,943 million, down ¥20,127 million since the end of the previous
fiscal year.

(Net assets)
Net assets amounted to ¥59,215 million, down ¥1,030 million since the end of the previous fiscal year. This primarilyreflected a decrease in retained earnings.

3

(Analysis of cash flows)
Cash and cash equivalents (hereinafter referred to as “cash”) increased by ¥8,364 million since the end of the previous fiscal
year, amounting to ¥24,188 million during the third quarter under review.

(Cash flows from operating activities)
Net cash provided in operating activities amounted to ¥8,896 million (¥12,232 million of expenditure for the same period of
the previous year). This was mainly due to a decrease of ¥35,093 million in notes and accounts receivable—trade, a decreaseof ¥25,296 million in notes and accounts payable—trade, income taxes paid of ¥3,382 million, etc.

(Cash flows from investing activities)
Net cash used in investing activities amounted to ¥3,223 million (¥4,838 million of expenditure for the same period of theprevious fiscal year). This was mainly attributable to expenditure for loans totaling ¥4,473 million, proceeds from repaymentof loans totaling ¥1,594 million, etc.

(Cash flows from financing activities)
Net cash provided in financing activities amounted to ¥2,691 million (¥778 million of revenue for the same period of theprevious fiscal year). This was primarily attributable to proceeds from short-term borrowings totaling ¥4,860 million anddividends paid totaling ¥1,986 million, etc.

(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 attributable toowners of parent

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 Summary of
Financial Information and Business Results (Consolidated) for the Year Ended March 31, 2015, released on April 30, 2015.
In particular with regard to the sale of pachinko/pachislot machines, we will work tirelessly with allied manufacturers inplanning, developing and selling pachinko/pachislot machines which not only comply with the new regulations, but which also
help to revitalize the market.

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 nine months ended December 31, 2015, after accounting for the tax
effects, and multiplies income before income taxes during the nine months ended December 31, 2015 by such estimatedeffective tax rate.

(3) Changes in accounting principles and accounting estimates, and revisions/restatements
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 third 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 third 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 is listed
under cash flows from financing activities. In addition, cash flow concerned with expenses related to the acquisition of sharesin a subsidiary that does involve changes in the scope of consolidation, as well as expenses incurred in the acquisition or saleof shares in a subsidiary that does not involve changes in the scope of consolidation are listed under cash flows fromoperating activities.
The Accounting Standard for Business Combinations, etc. is applied in accordance with the transitional treatment set forth inparagraph 58-2 (4) of the Accounting Standard for Business Combinations, paragraph 44-5 (4) of the Accounting Standard
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 third quarterof the consolidated fiscal year under review. The impact on the capital surplus at the end of the third quarter of the 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)

Nine months ended
December 31, 2015
(December 31, 2015)

AssetsCurrent assets
Cash and cash equivalents

15,82324,188Notes and accounts receivable—trade

45,888

11,229

-

1,164

239

437

1,414

3,012

Electronically recorded monetary claims—operating
Merchandise and products
Work in process
Raw materials and supplies
Other current assets
Allowance for doubtful accounts

83

198

7,589

8,835

(25)

(22)

71,01449,042

Land

7,737

7,550

Other tangible fixed assets

4,459

4,129

Total tangible fixed assets

12,197

11,679Goodwill

1,618

1,378

Other intangible fixed assets

2,872

2,685

Total intangible fixed assets

4,490

4,063

Investment securities

14,564

13,720

Other assets

9,079

11,673

Allowance for doubtful accounts(1,029)(1,020)Total investments and other assets

22,614

24,373

Total current assets
Fixed assets
Tangible fixed assets

Intangible fixed assets

Investments and other assets

Total fixed assets

39,302

40,116110,316

89,158Notes and accounts payable—trade33,85010,382

Short-term borrowings

4,014

8,874

42

11

2,345

315

Total assets
Liabilities
Current liabilities

Current portion of long-term borrowings
Accrued income taxes
Accrued bonuses

378

97

Accrued bonuses to directors and auditors

282

213

Reserve for returned goods unsold

22

22

Other current liabilities

4,837

5,560

Total current liabilities

45,77325,478

8-

Fixed liabilities
Long-term borrowings
Net defined benefit liability

521

558

Other fixed liabilities

3,766

3,905

Total fixed liabilities

4,296

4,464

50,07029,943

Total Liabilities

6

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

Nine months ended
December 31, 2015
(December 31, 2015)

Net assets
Shareholders’ equity
Common stock

7,948

Capital surplus

7,994

7,948
7,994

Retained earnings

46,04944,838Treasury stock(1,821)(1,821)

Total shareholders’ equity

60,171

58,959

(567)

(542)

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

(1)

(2)

Remeasurements of defined benefit plans

(109)

(86)

Total accumulated other comprehensive income

(679)

(631)

Non-controlling interest
Total net assets
Total liabilities and net assets

7

753

887

60,24659,215

110,316

89,158(2)Quarterly consolidated statements of income and consolidated statements of comprehensive income

Quarterly consolidated statements of income
Third quarter of the year ending March 31, 2016
(Unit: Millions of yen)
Nine months ended
December 31, 2014
(April 1, 2014–December 31, 2014)

Nine months ended
December 31, 2015
(April 1, 2015– December 31, 2015)

Net sales

29,317

71,628

Cost of sales

18,80351,369Gross profit

10,513

20,258Selling, general and administrative expenses

17,11318,090Operating income (loss)(6,599)2,168

Non-operating income
Interest income

5644

Dividend income

194

178

Discounts on purchase

222

426

Gain on management of investment securities

28-

Equity method investment gain

455-

Others

382

264

1,340

913

Total non-operating income
Non-operating expenses
Interest expense

621

Equity method investment loss-

676

Amortization of equity investment

163

123

Financing expenses

120

5

Others84

58

Total non-operating expenses
Ordinary income (loss)

374

885

(5,633)

2,195

467

198

Extraordinary income
Gain on sales of investment securities
Others11

40

Total extraordinary income

478

238

69

48

Extraordinary losses
Loss on disposal of fixed assets
Impairment loss

1-

Loss on litigation charges

38

62

Others

2

4

111

115

Income (loss) before income taxes and minority interests(5,266)2,318

Current income taxes(2,170)

1,282

Net income (loss)(3,096)

1,035

Profit attributable to non-controlling interests

118

256

Profit (loss) attributable to owners of parent(3,215)779

Total extraordinary losses

8Quarterly consolidated statements of comprehensive income
Third quarter of the year ending March 31, 2016
(Unit: Millions of yen)
Nine months ended
December 31, 2014
(April 1, 2014–December 31, 2014)
Income (loss) before minority interests

Nine months ended
December 31, 2015
(April 1, 2015– December 31, 2015)(3,096)

1,035

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

(406)

25

4

(0)

21

22

(379)

47

(3,476)

1,083

Comprehensive income attributable to owners of the parent(3,596)826

Comprehensive income attributable to non-controlling interests

119

256

Total other comprehensive income
Comprehensive income(Breakdown)

9

(3)

Quarterly consolidated statements of cash flows(Unit: Millions of yen)
Nine months ended
December 31, 2014
(April 1, 2014–December 31, 2014)

Nine months ended
December 31, 2015
(April 1, 2015– December 31, 2015)

Cash flows from operating activities
Income (loss) before income taxes and minority interests(5,266)2,318

Depreciation and amortization

1,502

1,624

Impairment loss
Amortization of goodwill

1

-

245

245

Increase (decrease) in allowance for doubtful accounts

(62)

(11)

Increase (decrease) in accrued bonuses

(301)

(281)

Increase (decrease) in accrued bonuses to directors and auditors

(18)

(69)

Increase (decrease) in net defined benefit liability

115

(122)

Interest and dividend income

(250)

(222)

Equity method investment loss (gain)

(455)

676

Interest expense
Loss (gain) on sales of investment securities
Loss on disposal of fixed assets

6

21

(467)

(198)

69

48

Decrease (increase) in notes and accounts receivable—trade23,72535,093

Decrease (increase) in inventories

(394)

(661)

Decrease (increase) in merchandising rights advances

(419)

946

(28,428)(25,296)(98)(2,048)(10,498)

12,064

Increase (decrease) in notes and accounts payable—trade
Other
SubtotalInterest and dividends received

222

235

Interest paid

(5)

(21)

Income taxes refunded (paid)(1,951)(3,382)

Net cash provided by (used in) operating activities(12,232)

8,896(1,438)(746)

Cash flows from investing activities
Purchases of tangible fixed assets
Proceeds from sale of tangible fixed assets
Purchases of intangible fixed assets
Proceeds from sales of investment securities
Proceeds from purchase of shares of subsidiaries resulting in change
in scope of consolidation
Expenditure for acquiring shares in affiliates
Expenditure for loans

380

629

(1,196)

(741)

828

216

-

652

(48)

(100)

(3,220)(4,473)

Proceeds from repayment of loans

643

1,594

Others

(787)

(254)

(4,838)(3,223)

Net increase (decrease) in short-term borrowings

2,510

4,860

Repayment of long-term borrowings

(45)

(38)

(1,652)(1,986)-(24)

Others

(33)

(118)

Net cash provided by (used in) financing activities

778

2,691

Net cash provided by (used in) investing activities
Cash flows from financing activities

Dividends paid
Payments from changes in ownership interests in
subsidiaries that do not result in changes in scope of
consolidation

Effect of exchange rate changes on cash and cash equivalents-0

Increase (decrease) in cash and cash equivalents(16,292)

8,364

Cash and cash equivalents at beginning of period

29,583

15,823

Cash and cash equivalents at end of period

13,29024,18810

(4)Note regarding the quarterly consolidated financial statements(Note regarding the operation of the company as a going concern)
No relevant item

(Note regarding occurrence of significant change in amount of shareholders’ equity)
Nine months ended December 31, 2015 (April 1, 2015 to December 31, 2015)
No relevant items

11