fields corporation financial presentation (year ended march 31, 2006)

Copyright 2006Copyright 2006 FIELDS CORPORATION FIELDS CORPORATION All rights reserved.All rights reserved. 1

（Translation）Summary

FIELDS CORPORATION

Financial presentation (Year Ended March 31, 2006)

May 17 (WED), 2006

THE GREATEST LEISURE FOR ALL PEOPLE 2767:JASDAQ

Statements in these materials concerning plans, strategies, forecasts and other items that are not historical facts, including corporate risks and uncertainties, cannot be guaranteed.Risks and uncertainties include, but are not limited to, economic conditions, the competitive environment and products supplied by Fields, all chiefly involving the company’s core pachinko / pachislot business domain.

FIELDS CORPORATION


Corporate ProfileCorporate Data Principal shareholders （As of March 31, 2006）（As of March 31, 2006）

JASDAQ 2767Market

Total outstanding shares: 347,000 shares ※two-for-one stock split in September 2004Stock information

700 (non-consolidated)Number of employees 901 (consolidated)

Sapporo, Aomori, Sendai, Koriyama, Niigata, Takasaki, Tsukuba, Utsunomiya, Saitama, Chiba, Tokyo, Western-Tokyo, Yokohama,Shizuoka, Nagoya, Nagano, Aichi, Mie, Kanazawa, Kyoto, Osaka, Kobe, Hiroshima, Okayama, Yamaguchi, Matsuyama, Fukuoka, Saga, Kagoshima, Kumamoto (opened in April 2006) (30 bases nationwide)

Branch offices

・Japan Sports Marketing INC. ** Professional Management Co., Ltd.* J. Sakazaki Marketing INC.* Total Workout Corporation

・Fields Jr. Corporation・White Trash Charms Japan Co., Ltd.・Digital Lord Corporation・D3 Publishers Inc. *, other 4 companies

Consolidated subsidiaries

¥7,948.03 billionPaid-in capital

Planning, development, and sales of Pachinko/Pachislot machinesMain business activities

・RODEO Co., Ltd. ・Kadokawa Haruki Corporation

E Space Tower 12F, 3-6, Maruyama-cho, Shibuya-ku, Tokyo 150-0044 Japan

June 1998 (Started business as TOYO Shoji Corporation in 1983)

FIELDS CORPORATIONhttp://www.fields.biz/

Head office address

Establishment

Company name

Equity method companies

2,704

3,082

3,330

4,315

5,000

16,000

27,500

35,000

40,000

112,200

Number of shares held

0.89%Fields Employee Shareholding Association

0.78%Ireland special jasdic lending account

Morgan Stanley & Co. Inc.

Japan Securities Finance Co., Ltd.

Yuki Yamamoto

Mint Co.

Sammy Corporation

Yoko Yamamoto

Takashi Yamamoto

Hidetoshi Yamamoto

Name of shareholders

7.93%

4.61%

1.24%

0.96%

10.09%

1.44%

11.53%

32.33%

Percentage of outstanding

shares owned

Financial institutions 3.25%

Securities companies 0.80%

Other companies 14.90%

Foreign companies and others 5.24%

Individuals and other 75.81%

Number of shareholders by category

Integrated October 1, 2005

* D3 Publishers Inc. was integrated into a holding company “D3 INC.” from April 2006.

Source: Fields


Year Ended March 2006 Highlights

Source: Fields


Year ended March 2006 Consolidated operating results

Result for year ended March 2006 (consolidated) （Unit : ¥million）

122.3%102.3%7,0855,7936,926Net income

105.3%117.9%67,07763,70156,905Cost of Sales

105.2%

102.1%

137.4%

120.1%

118.6%

（％）

YOY

11,127

10,916

17,136

28,052

91,753

PlanYear ended March 2006

106.0%29,73724,752Gross profit

12,480

12,097

12,655

81,658

ActualYear ended March 2005

101.5%17,389SG&A

118.0%13,127Ordinary income

113.1%12,348Operating income

Actual to Plan Year ended March 2006

96,814

Actual

105.5%Net sales

（％）（Millions of Yen）

■The above plan is a revised one on August 26, 2005. ■D3 INC., formerly a equity method company, became a consolidated subsidiary in the Year ended March 2006.

Source: Fields


120.7%103.2%6,9345,7446,721Net income

4,0004,000Dividend

104.9%110.6%61,68258,79855,787Cost of Sales

104.3%

101.8%

118.2%

109.9%

110.4%

（％）

YOY

10,717

10,635

14,456

25,091

83,889

PlanYear ended March 2006

105.9%26,56824,182Gross Profit

12,312

12,275

11,906

79,970

ActualYear ended March 2005

97.3%14,071SG&A

119.8%12,836Ordinary income

117.5%12,497Operating income

Actual to PlanYear ended March 2006

88,251

Actual

105.2%Net sales

（％）（Millions of Yen）

Result for year ended March 2006 (non-consolidated) （Unit : ¥million）

Year ended March 2006 Non-consolidated operating results

■The above plan is a revised one on August 26, 2005. ■Dividend: Interim ¥ 2,000, Year-end ¥ 2,000 Total ¥ 4,000

Source: Fields


Year ended March 2006 Segment Information

Segment information disclosure started from the year ended March 2006

Japan Sports Marketing Inc.Kadokawa Haruki CorporationOther content business■Other field

Digital Lord CorpPlanning, and development of pachinko/pachislotsoftware oration

D3 PUBLISHER Inc.Entertainment Software Publishing Inc. D3Publisher of America, Inc. *D3Publisher of Europe Ltd. *D3DB S.r.l. *

Planning, development and sales of software for home users

■Game･field

White Trash Charms Japan Co., Ltd.Database Co., Ltd.E active Co., Ltd.C & E CorporationAPE Inc.

FIELDS CORPORATIONFIELDS Jr.CORPORATIONRODEO Co.Maintenance of sold pachinko/pachislot machines , Ltd.

Planning, development and sales of pachinko/pachislot machines

Purchasing of pachinko/pachislot machines

■PS･fieldCompany nameBusiness activitiesBusiness segment

*Located overseas■March 2005 “Sales of pachinko/pachislot machines”→ “Pachinko, Pachislot field” (“ PS･field”)■March 2005 “Other business”→ “ Game field” “Other field”

1,148(4)1,153252403497Depreciation and amortization56―5656――Impairment

2,393(3)2,396987674734Capital expenditures

87,556(870)88,4266,0915,54376,791Total assetsⅡ

12,3481512,333(655)27712,711Operating income84,466(686)85,1524,7394,77575,638Cost of sales and operating expense96,814(671)97,4854,0835,05288,349Total

―(671)67148010180(2)Inter-segment96,814―96,8143,6035,04288,168(1)Outside customers

Net salesⅠ

ConsolidatedCorporate and EliminationTotalOther

fieldGame・

fieldPS･field（Millions of Yen）

Source: Fields


Business results in FY2000-2005

（Unit : ¥million）

474,0446,926

12,48012,09724,75281,658

（Consolidated）Year ended March 2005

222,6603,0415,664

5,73012,703

34,560（Non-consolidated）

Year ended March 2002

166,339583

1,681

1,7005,368

11,496 （Non-consolidated）


29,73721,57815,992Gross profit

7,0856,6203,524Net income323,937

12,20911,866

66,211（Consolidated）

Year ended March, 2004 Year ended March 2006Year ended March 2003

259,813

7,0226,781


Number of Pachinko/Pachislot machines

Ordinary incomeOperating income

Net sales（Millions of Yen）

544,321

13,12712,348


34,560

61,88866,211

11,496

81,658

96,814

21,578

24,752

29,737

13,12712,703

15,992

5,368

1,6815,664

7,022

12,209 12,480

2001.3 2002.3 2003.3 2004.3 2005.3 2006.3

Sales Gross profit Ordinary income

Financial results Unit sales of Pachinko/Pachislot machines（Unit : ¥million）

2001.3 2002.3 2003.3 2004.3 2005.3 2006.3

The number of sales of Pachinko/Pachislot machines

259,813

323,937

474,044

222,660

166,339

（Unit : Machines）

544,321

Source: Fields


Japanese market for Pachinko/Pachislot machines, based on volume, and market share of Fields

Unit sales of Pachinko/Pachislot machines by sales channel (direct/indirect)

Market share based on volume and unit sales of Pachinko/Pachislot machines by sales channel -I

（Unit : Machines）（Unit : Machines）

5,687,950 5,580,000

4,521,208 4,675,9734,503,180

5,529,069

8.33%

9.75%

5.86%

5.56%

4.92%

3.69%

2001.3 2002.3 2003.3 2004.3 2005.3 2006.3

The number of sales in whole market Market share of Fields

*

404,899

362,648

226,596

77,268

162,848129,020

139,422

89,071

111,396

97,341

96,965

93,640

2001.3 2002.3 2003.3 2004.3 2005.3 2006.3

Direct sales Indirect sales

259,813

323,937

474,044

222,660

166,339

（57.9%）

（42.1%）

（62.7%）

（37.3%）

（30.1%）

（69.9%）

（76.5%）

（23.5%）

（53.5%）

（46.5%）

※The number of sales in whole market is calculated yearly*The number of sales in whole market in 2005 is estimated by Fields

544,321

（25.6%）

（74.4%）

*

Source : Fields, “Trend and market share of Pachinko related makers 2004” Yano Research Institute


Unit sales of Pachinko/Pachislot machines by maker and type of machine – II

Unit sales by maker Unit sales by type of machine (Pachinko/Pachislot)（Unit : Machines）

*サミーグループ：サミーパチンコ機・ロデオパチスロ機、SANKYOグループ：ビスティパチンコ機・ビスティパチスロ機


211,612256,871260,893

72,485

209,295181,011

285,758

314

242

10,175

188,090

286

46,951

41,335

50,276

52,869

93,568

29,083

2001.3 2002.3 2003.3 2004.3 2005.3 2006.3

Sammy group SANKYO group other makers

（56.3%）

（0.1%）

（43.6%）

（81.3%）

（0.1%）

（18.6%）

（80.5%）

（0.1%）

（19.4%）

（80.5%）

（3.1%）

（16.4%）

（54.2%）

（39.7%）

（6.1%）

259,813

323,937

474,044

222,660

166,339

214,660

70,708

159,851181,114 178,906 191,944

329,661

95,631

62,809

78,699

145,031

282,100

2001.3 2002.3 2003.3 2004.3 2005.3 2006.3

Pachislot machine Pachinko machine

（42.5%）

（57.5%）

（28.2%）

（71.8%）

（30.3%）

（69.7%）

（44.8%）

（55.2%）

（59.5%）

（40.5%）

259,813

323,937

474,044

222,660

166,339

544,321544,321

（38.9%）

（52.5%）

（8.6%）

（60.6%）

（39.4%）

*Sammy Group: Sammy pachinko, Rodeo pachislot, SANKYO Group: Bisty pachinko, Bisty pachislot

Source: Fields


[Pachinko business]Year Ended March 2006 Unit sales of machines

29,30929,271CR Sakigake Otoko JukuSammy

*157,748*124,420CR Neon Genesis Evangelion: Second Impact*Bisty

‘will be counted in next FYCR Gamera Extreme Battle*Sammy

329,661TotalFull year

Released in2nd half

38,76038,749CR Ashita ga arusa Yoshimoto WorldBisty

6,662Others

255,317Subtotal2nd half

Released in 1st half

7,803Others

39,77239,767CR Marilyn MonroeBisty

－－CR K-1 Premium Dynamite!!Sammy

21,86121,861CR Iijima Naoko no Casino BistyBisty

－－CR AzumiSammy

CR Super Jetter

74,344Subtotal1st half

Sammy

Bisty

Bisty

Bisty

Manufacturer

*Written machine name is limited to Sammy’s and Bisty’s, of which we are a sole agent.*Unit of 20,000 or above is published.*Figures of “CR New Genesis Evangelion: Second Impact” is limited to those of FY2005.“CR New Genesis Evangelion: Second Impact” continues to be sold in FY2006.

※Cumulative unit is counted as of May 11.

－－

－－CR Daimajin

Continuous sales machines 41,033－CR Kahara Tomomi to Minashigo Hatchi

124,580*25,634CR Neon Genesis Evangelion

CumulativeUnits soldUnits soldMachine name

Pachinko machine name Results of machine sales in the year ended March 2006

・Featuring the characters of martial arts-based manga which was also a hit TV program produced by Toei Animation Co., Ltd. and made into a computer game

・Created with the full and complete support of Yoshimoto Kogyo Co., Ltd. Headlining the ten well-known characters. Creating a rich variety of performances.

■CR Sakigake Otoko Juku

■CR Neon Genesis Evangelion: Second Impact

・Featuring the character made famous in the 1960s hit TV program Super Jetter . Recreated through the fast-paced 3-D graphics.

■CR Ashita ga arusa Yoshimoto World

・Recreates the glamour and beauty of Marilyn Monroe, who was popular all over the world・Hugely popular Umi-type machine

■CR Super Jetter

・The first completely redesigned machine.Faithfully recreates the beauty and toughness of Azumi, the warrior heroine, as she fights to protect the peace at thebeginning of the Edo period

■CR Marilyn Monroe

・Recreating the excitement and power of “K-1”・Providing a chance to set up dream matches that would be impossible in real life

■CR Azumi

・Creating the atmosphere and excitement of the world of Baccarat, game often referred to as the ultimate of all games of casino

■CR K-1 Premium Dynamite!!

・Merger of baseball player Mr. Sasaki and the character from movie “Daimajin”・Creating an exciting and dynamic visual experience that combines the true thrills of baseball with the mightiness of daimajin

■CR Iijima Naoko no Casino Bisty

■CR Daimajin

・Features the popular actress Naoko Iijima, who is widely known for her soothing and healing image, as its main character

・Evolutionary sequel to “CR Neon Genesis Evangelion”(cumulative sales of 120,000 units)with a new awakened mode

Titles


©SR Corporatio//1966/Kadokawa Pictures/Fields

© JVC Entertainment Networks,Inc./FIELDS

© Mike Tyson,licensed by CMI,LLC. © FEG/K-1/FIELDS © Sammy

© Yu Koyama／Shogakukan・Big Comic Superior© Sammy

©TBS ©Sammy

TM Marilyn Monroe, LLC by CMGWorldwide.com; www.MarilynMonroe.com. ©2005 Twentieth Century Fox Film Corporation. All rights reserved.TM Marilyn Monroe, LLC by CMGWorldwide.com; www.MarilynMonroe.com. ©2005 Twentieth Century Fox Film Corporation (©1955 Charles K. Feldman Group Productions, renewed 1983). All rights reserved.

©Yoshimoto Kogyo

©Akira Miyashita／Shueisha・Toei Animation ©Sammy

© GAINAX/ProjectEva･ TV Tokyo

First half second half

Source: Fields


[Pachislot business]Year Ended March 2006 Unit sales of machines

Pachislot machine name（Unit : Machines) Results of machine sales in the year ended March 2006

－－Dokonjo GaeruRODEO

*116,226*100,492Ore no Sora*RODEOReleased in2nd half

19,387Others

129,617Subtotal2nd half

214,660TotalFull year

Released in1st half

120,369*51,132Onimusha 3RODEO

22,952*19,136Neon Genesis EvangelionBisty

13,099Others

29,863－KaijiRODEOContinuous sales machines

Subtotal

*Written machine name is limited to Sammy’s and Bisty’s, of which we are a sole agent.

* Unit of 10,000 or above is published.

*Onimusha 3 was sold in FY2004 and FY2005.*New Genesis Evangelion was sold in the 2nd and 3rd quarter.* Figures of “Ore no Sora” is limited to those of FY2005. “Ore no Sora” continues to be sold in FY2006.

※Cumulative unit is counted as of May 11.

Manufacturer

85,0431st half

Cumulative Units soldUnits soldMachine name Titles

・Rodeo Corporation’s first pachislot machine to comply with new regulations. 10-inch LCD wide screen・Featuring the character “Dokonjo Gaeru” made famous in manga of the same name.Creating new features such as “Replay Time” function■Ore no Sora

・The first pachislot machine to comply with new regulations. 3 types available・Made with unique presentation specifications according to each type,reproducing an world view

■Dokonjo Gaeru ( New regulation No. 5 machine )

■Neon Genesis Evangelion (New regulation No. 5 machine)

・20-inch “doughnut vision” LCD screen・Featuring the characters made famous in Hiroshi Motomiya’s manga of the same name. With the greatest number of special effects and features ever put into a machine by Rodeo and the Ore Time(My Time) effect, which raises the level of expectation to a fever-high pitch

©Yasumi Yoshizawa／Office Yasui © Sammy ©RODEO

©Hiroshi Motomiya/Shueisha/FIELDS ©Sammy ©RODEO

© GAINAX/ProjectEva･TV Tokyo

Second half

Source: Fields


[Pachinko/Pachislot] Unit sales

Sales history

111,39623.50%

362,64876.50%

187,23939.50%

286,80560.50%

191,94440.49%

282,10059.51%

474,044

6,926,79112,480,57112,097,224

Full year


46,47029.16%

112,91770.84%

77,23548.46%

82,15251.54%

85,04353.36%

74,34446. 64%

159,387

961,0591,806,3141,462,760

1st Half

92,95224.15%

291,98275.85%

110,95428.82%

273,98071.18%

129,61733.67%

255,31766.33%

384,934

6,124,93511,321,37110,885,396

2nd Half




YeaMa

r ended rch 2002


12,348,1568,171,648 925,5763,11,755,021 866,5785,6,111,5576,374,928 781,1962,406,2684,5,730,6881,700,893Operating income

Direct/Indirect ratio

1st Half

45,36926.90%

123,33873.10%

76,12345.13％

92,58454.87%

77,55045.97%

91,15754.03%

168,707

1,972,2363,280,677

1st Half

66,02721.62%

239,31078.38%

111,11636.39%

194,22163.61%

114,39437.46%

190,94362.54%

305,337

4,954,5559,199,894

2nd Half

188,18934.57%

172,32753.19%

64,96538.04%

107,36270.05%

176,40467.89%

79,79663.15%

96,60872.39%

71,23731.99%

1,6340.99%

Distribution sales(Machines)

404,89974.39%

226,59669.95%

128,29175.16%

98,30564.15%

162,84862.78%

82,98965.67%

79,85959.84%

129,02057.94%

77,26846.45%

Direct sales(Unit)

Agency/Distribution sales ratio

356,13265.43%

151,61046.81%

105,71861.96%

45,89229.95%

83,40932.11%

46,56936.85%

36,84027.61%

151,42368.01%

164,70599.01%

Agency sales(Machines)

Pachinko/Pachislot sales ratio

329,66160.56%

145,03144.77%

102,45660.03%

42,57527.78%

78,69930.29%

43,87634.72%

34,82326.09%

62,80928.20%

95,63157.5%

Pachinko machine sales (Unit)

214,66039.44%

178,90655.23%

68,22739.97%

110,67972.22%

181,11469.71%

82,48965.28%

98,62573.91%

159,85171.80%

70,70842.5%

Pachislot machine sales(Unit)

544,321323,937170,683153,254259,813126,365133,448222,660166,339Sum of Pachinko and Pachislot

Unit sales of machines

7,085,9946,096,873 620,2533,3,523,3803,246,300 524,3721,278,0722,3,041,486583,081Net income

139,42225.61%

97,34130.05%

42,39224.84%

54,94935.85%

96,96537.32%

43,37634.33%

53,58940.16%

93,64042.06%

89,07153.55%

Indirect sales(Unit)

Full yearFull year2nd Half 1st HalfFull year2nd Half Full yearFull year

6,413,795 5,795,714 12,209,509 13,127,6854,589,0861,681,106 5,664,866 7,432,962 022,0482,Ordinary income

(in ¥thousand)

Source: Fields


Year Ended March 2007 Outlook

Source: Fields


Year ended March 2007 Consolidated operating plan

Estimates for year ended March 2007 (consolidated)

100.1%

96.4%

101.6%

107.6%

104.4%

108.6%

YOY（％）

132.2%

175.0%

215.5%

121.9%

136.5%

113.7%

YOY（％）

7,400

14,070

14,210

19,840

34,050

106,960

Full year plan

114.5%21,27012,78029,73720,3729,365Gross profit

1,270

3,160

3,150

9,630

40,640

1st Half plan

961

1,806

1,462

7,902

35,746

1st Half result

7,085

13,127

12,348

17,389

96,814

Full year result


114.1%10,2109,487SG&A

104.4%6,1306,124Net income

107.2%10,91011,321Ordinary income

115.1%11,06010,886Operating income


66,320

2nd Half plan

110.5%

YOY（％）

61,068

2nd Half result

Net sales

（Millions of Yen）

■D3 INC., formerly a equity method company, became a consolidated subsidiary in the Year ended March 2006.

Source: Fields


Year ended March 2007 Non-consolidated operating plan

Estimates for year ended March 2007 (non-consolidated)

96.2%

92.3%

92.9%

100.1%

95.8%

100.6%

YOY（％）

168.7%

187.2%

205.7%

114.1%

133.1%

104.9%

YOY（％）

7,550

13,730

13,530

15,000

28,530

90,200

Full year plan

107.4%17,56010,97026,56818,3238,245Gross profit

2,040

3,710

3,510

7,460

34,700

1st Half plan

1,209

1,982

1,706

6,538

33,077

1st Half result

6,934

12,836

12,497

14,071

88,251

Full year result


106.6%7,5407,533SG&A

108.9%5,5105,725Net income

107.0%10,02010,854Ordinary income

108.3%10,02010,791Operating income


55,500

2nd Half plan

102.2%

YOY（％）

55,174

2nd Half result

Net sales

（Millions of Yen）

Source: Fields


Year Ended March 2007 － PS･Field

Source: Fields


Topics : Expansion of collaboration scheme with makers

（Development and production）

（Provision of usage rights and product planning）

Pachinko hall

Agency Model （sales commissions）

Sales

Distribution Model（wholesale）

（Security Electronics and Communications Technology Association）

In FY2006：Collaboration with Olympia starts product items will expand to 6Collaboration scheme with Sammy Group

Pachinko hall

Sales

Pachinko hall

（Sole agent）（Sole agent）（Sole agent）

Sales

Start to be sold in May 2006

パチンコ pachislotPachinko パチンコ PachislotPachinko パチンコ PachislotPachinko



Collaboration scheme with SANKYO Group Collaboration scheme with Olympia

（Development and production）（Development and production）

（Fields exclusive model）

（Security Electronics and Communications Technology Association）（Security Electronics and Communications Technology Association） Start to be sold in

the 2nd half





■Start in FY2006 in earnest

2000 2003 2006■2000 Rodeo（Pachislot）

■2003 Sammy（Pachinko）■2003 Bisty（Pachinko）

■2003 Bisty（Pachislot）

■2006 Olympia（Pachinko）

■2006 Olympia（Pachislot）

3 items

3 items

Pachinko

Pachislot

Source: Fields


Unit sales of Pachinko/Pachislot machines I -SANKYO GroupPachinko

SANKYO Group Bisty・ Unit sales of Pachinko (Unit:Machines)

0 0 0 0

4

5169,037

262,806

256 203 242 4,438

2001.3 2002.3 2003.3 2004.3 2005.3 2006.3

Type of machines Number of sales

4

169,037

50000Type of machines

262,806 4,438 242 203 256 Number of sales

■tie up in Nov. 2004 ■all-out collaboration in FY2004（sole agent）■growth as stable brand

To March 2006

■5～6 types are to be sold

To March 2007

“Titles to be sold whose permission are gained”

・CR Shin Sangoku Musou・CR WINK・CR Otoko ippiki gaki daishou

Source: Fields


Unit sales of Pachinko/Pachislot machines II -SANKYO GroupPachislot

SANKYO Group Bisty・ Unit sales of Pachislot (Unit:Machines)

2

19,053


22,952 5,737 0 111 30 Number of sales

■tie up in Nov. 2004 ■all-out collaboration in FY2004（sole agent）

To March 2006


To March 2007


・Tomb Raider(old regulation machine)・The Lord of the Rings・GTO

0 0 0

2

1

0

22,95219,053

30 111 0

5,737

2001.3 2002.3 2003.3 2004.3 2005.3 2006.3


Source: Fields


Unit sales of Pachinko/Pachislot machines III -SAMMY GroupPachinko

SAMMY Group Sammy ・ Unit sales of Pachinko (Unit:Machines)

3

91,737


52,390 107,355 32,859 25,748 39,581 Number of sales

■Start of sales of exclusive machines from FY2003（sole agent）

To March 2006


To March 2007

0 0 0

4

34

91,737

52,39039,581

25,74832,859

107,355

2001.3 2002.3 2003.3 2004.3 2005.3 2006.3

Typ of machines Number of sales

※Exclusive machines for Fields

Source: Fields


Unit sales of Pachinko/Pachislot machines IV -SAMMY GroupPachislot

SAMMY Group RODEO ・ Unit sales of Pachislot (Unit:Machines)

3

165,134


159,222 153,538 176,436 155,263 32,904 Number of sales

■RODEO brand started in 2000（sole agent）■growth as stable brand

To March 2006


To March 2007


・Alicia・The Mask of Zorro・Dokaben・K-1

2

3

5 5

3

2

153,538176,436

155,263

32,904

165,134159,222

2001.3 2002.3 2003.3 2004.3 2005.3 2006.3


Source: Fields


Unit sales of Pachinko/Pachislot machines V -OLYMPIAPachinko

OLMPIA・ Unit sales of Pachinko(Unit:Machines)

0

0


00000Number of sales

■sale of machines:0■promotion of planning and development for the all-out collaboration toward March 2007

To March 2006

■in the 2nd half of FY2006:Exclusive type for us is to be sold（sole agent）

■ 1～2 types are to be sold

To March 2007

0 0 0 0 0 0

2001.3 2002.3 2003.3 2004.3 2005.3 2006.3


To March 2007

※An all-out collaboration machine is to be sold from FY2006

Source: Fields


Unit sales of Pachinko/Pachislot machines VI -OLYMPIAPachislot

OLMPIA・ Unit sales of Pachislot(Unit:Machines)

0

3,676


6,5701,252533519593Number of sales

※ OLYMIPA pachislot is categorized as“Other makers”before 2006.3

■sales as agency■promotion of planning and development for the all-out collaboration toward March 2007

To March 2006

■In May 2005:「GOLD OLYMPIA」started. Collaboration started（ sole agent）■4～5 types are to be sold

To March 2007


・King of Mouse(old regulation machine）・LOONEY TUNES BACK IN ACTION・Ace wo Nerae!

0 0 0 0 0 0

6,5703,6761,252533519593

2001.3 2002.3 2003.3 2004.3 2005.3 2006.3


Source: Fields


Topics : In FY2006, all-out collaboration with Olympia Co., Ltd. starts

Birth of “Gold Olympia” First all-out collaboration Pachislot machine to be sold

■May 2006: “LOONEY TUNES :BACK･IN･ACTION”released■Birth of new brand “Gold Olympia”

1）Copyrights and product plan provided by Fields

2）Developed and manufactured by Olympia

3）Exclusively sold by Fields

→“Gold Olympia”first brand・New design detachable steel case・Equipped with 10-inch large LCD・Equipped with high speed 3D drawing engine

→To be sold nationwide from the middle of May, 2006■Fusion of content development by Fields and manufacturing technology by Olympia

■FY2006 1st half：pachislot machine “Gold Olympia”is to be sold

■FY2006 2nd half：pachinko machine is to be sold

→In addition to tie up with SAMMY Group and SANKYO Group, as a result of collaboration with Olympia

“3 Pachinko items”＋”3 Pachislot items”=“Total 6items”

“Stable product lines”becomes possible

Source: Fields


Unit sales of Pachinko by maker

(Unit:Machines)

25,748 32,85939,581

107,355 91,73752,390256

169,037

4,438

242203

262,806

21,326

55,794

33,238

45,59836,858

14,465

2001.3 2002.3 2003.3 2004.3 2005.3 2006.3

SAMMY Bisty Other makers

Unit sales by maker

95,631

62,809

78,699

145,031

282,100

329,661

Source: Fields


Unit sales of Pachislot by maker

(Unit:Machines)

159,222165,134153,538

176,436155,263

32,904

22,95219,053

30

5,737

0

111

7,757

37,774

19,6314,678

4,477

32,486

2001.3 2002.3 2003.3 2004.3 2005.3 2006.3

RODEO Bisty Other makers

Unit sales by maker

70,708

159,851

181,114 178,906191,944

214,660

※OLYMIPA pachislot is categorized as“Other makers”before 2006.3Source: Fields


Unit sales by type of machines(Pachinko/pachislot)

(Unit:Machines)Unit sales by type of Pachinko/Pachislot machines

259,813

323,937

474,044

222,660

166,339

544,321

214,660

70,708

159,851181,114 178,906 191,944

329,661

95,631

62,809

78,699145,031

282,100

2001.3 2002.3 2003.3 2004.3 2005.3 2006.3

Pachislot Pachinko

Source: Fields


Appendix

Source: Fields


Fields Group: Business scheme of digital content

Distribution of digital content to media

Fields Group Digital Content BusinessPlanning・Produce

DevelopmentIntegration

MediaProviding DistributionMarketing

Feedback

PachinkoPachislot

TVInternetDVD etc

Content creation

／acquisition

Consum

er

（Dom

estic

・Overseas

）

Marketing

Alliance

Game

Digital content

development

Core function･Sales forces to maximize sales volume

･Promotion ability to increase value

･Image development ability

･Concept･management ability ･ Branding capability to increase value

･Ability to produce for initiative

･Judgement and investment ability to acquire rights

Content elem

entC

ontent element

（character story

・sound etc)

Source: Fields


Our Tracks-2006

■In line with our corporate philosophy, “The greatest Leisure for All People”, Fields has set its insights on the pachinko/pachislot market. The most popular public leisure activity in Japan, and hasaimed to revitalise the market through a variety of new challenges. We have established a nationwide sales network and solidified a unique position that connects the many pachinko/pachislot fanswith pachinko halls and pachinko/pachislot machine makers, while continuing to grasp the needs of all industry participants and providing proposal-oriented services through intensive marketing.

Major events in the history of Fields

As a forerunner in entertainment-oriented trends for pachinko/pachislot machines

00 02 03 04 06 0788 92 95 01

■Nov. 2004 The first all-out collaboration machine with Bistystarted to be sold

■Formed a partnership with Sammy for joint sales.

■Established Rodeo Co., Ltd, a joint venture with Sammy Corporation.

Sparked the boon in pachislot machines that feature copyrighted chracters.

To fabless maker

With the objective of more openly distributing pachinko/pachislot machines

Increased needs for leisure・Diversified preferences

Evolution of LCD and chip technology

■July 2003 Released Sammy pachinko machines exclusively for Fields

■Nov. 2003 Formed a business alliance with Bisty Co., Ltd. of the Sankyo Group.

■Hosted the hall competition, inviting architects from Japan and overseas.

Established White Trash Charms Japan Co., Ltd.

■Mar. 2003 Listed shares on JASDAQ

■Jan. 2004 Formed a capital and business tie up with D3 PUBLISHER Inc.

■Established Professional Management Co., Ltd and Total Workout Corporation.

■Renamed Fields Corporation

■Bought out Leisure Nippon Newspaper Company toward realizing ournew vision for the industry■Launched “Hall TV”system to support pachinko hall management

■Launched pachinko information station, a CS service for the industry in collaboration with Mitsui & Co., Ltd.

Contributing to raising recognition and revitalizing the industry

Anticipating potential needs for pachislot machines

■Mar. 2005 Coversion of. D3 PUBLISHER Inc.into a cosolidated subsidiary

■Mar. 2005 Acquired shares of KadokawaHaruki Corporation

NEXT

■Established in Nagoya to sell pachinko/pachislotmachines

■Established branch offices in Tokyo and Nagoya.

■Established branch offices nationwide in the Tohoku,Chugoku, Shikoku and Kansai regions.

■July 2005 Aquired shares of J. Sakazaki Marketing INC..and consolidated it into a subsidiary

■Oct. 2005 Japan Sports Marketing INC. was established through the merger of 3 subsidiaries

■May 2006 The first all-out collaboration Pachislotmachine “Gold Olympia “ started to be sold

05

Independent distributor dealing with a variety of machines To content provider

Source: Fields


Fields Group Companies (consolidated subsidiaries)

■PS･Field

Digital Lord Corporation■Involved in the planning and development of image software essential to the Pachinko/Pachislot business as well as planning and brand management for the merchandising business of copyrighted characters. The company applies this expertise in the pachinko,pachislot, and various merchandising business, to create new image software and characters.

Fields Jr. Corporation■Registers and manages approximately1,200 college students acrossJapan who are involved in the delivery and installation of pachinko/pachislot machines. Also conducts nationwide marketing research for 16,000 pachinko halls and collects information on the types of machines installed in halls and the status of hall customers. This information is utilized in the planning and development of new machines.

■In March 2005, D3 PUBLISHER Inc., a game publisher, was consolidated into a subsidiary to enhance Fields business as a content provider through promoting the acquisition of copyrights in the U.S. and European markets and planning, developing and selling game software in a more timely manner in close collaboration with other Fields Group companies.

http://www.d3i.co.jp/CODE 4311:JASDAQ

*In April 2006, D3 Group shifted to a holding company system composed of D3, Inc. that is a holding company, D3 Publisher Inc. in Japan, D3Publisher of America,Inc and D3Publisher of Europe LTD that are operating companies.

D3 Inc.*■Game･Field

■Other Field

Japan Sports Marketing Inc. White Trash Charms Japan Co., Ltd.■Established in October 2005 with through the merger of J. Sakazaki Marketing Inc., which became a consolidated subsidiary in July 2005, Professional Management Co., Ltd. and Total Workout Corporation. Involved in the wide range of sports entertainmentbusiness such as planning and organizing of sports events, TV rights distribution and gym operation.

■A fashion accessories brand that originated on the West Coast of the U.S. and is widely cherished by many fashion leaders, including Hollywood stars, artists, and stylists. Started import sales in April, 2002 in Japan opened a directly managed shop in Roppongi Hills in April 2003. Plans are underway for expanding its product lineup.

http://www.whitetrashcharmsjapan.comhttp://www.jsm.jp

Source: Fields


Financial highlights, FY1998-2005

2006.3 (Consolidated)



2003.3(Consolidated)2002.32001.32000.31999.3Key financial data （: ¥thousands）

758347,000


20.7

28.9

46.0


19,888

4,000・Interim 2,000

・Full year 2,000

96,026


13,326,256

10,177,881

(5,257,154)

2,965,857

72,584,547

33,426,273

7,948,036

6,926,791

12,480,571

12,097,224

81,658,011

12,348,15611,866,5786,781,1965,730,6881,700,893768,876138,791Operating income

651161,500


*20.1

56.9

39.1


40,465

24,000・Memorial

10,000・Interim 10,000・Full year 4,000

89,305


5,437,758

2,029,999

( 3,190,193)

851,192

37,115,839

14,507,820

1,295,500

6,620,253

12,209,509

66,211,589

901460323319210166Employees (persons)347,00032,3002,9302,320200200Total outstanding shares


2003.3(Consolidated)2002.32001.32000.31999.3Others

20.37.97.86.0－－Dividend as percentage of shareholders’equity (non-consolidated）

19.555.9122.886.0169.1534.6Return on equity

45.051.220.817.24.60.4Shareholders’ equity ratio


2003.3(Consolidated)2002.32001.32000.31999.3Management indicators（Unit : %）

20,118117,2331,275,2562,075,0241,310,844174,211Net income per share

2nd new shares548

New shares27,398

4,000・Interim 2,000

・Full year 2,00010,000

Old shares100,000

15,000－－Annual dividend per share（non-consolidated）

113,275268,6001,325,324461,1221,430,535119,690Shareholders’ equity per share


2003.3(Consolidated)2002.32001.32000.31999.3Indicators per share（Unit : JPY）

15,777,3135,739,0616,857,5251,414,660－－Cash and cash equivalents at end of the period

(1,540,544)( 2,454,804)2,004,198( 920,780)－－Cash Flows from Financial activities

(2,224,610)( 2,253,217)( 724,077)269,440－－Cash Flows from Investing activities

6,164,7863,316,1284,525,5591,105,738－－Cash Flows from Operating activities

87,556,53417,090,43518,631,4386,211,8216,199,9475,388,131Total assets

39,411,5528,752,7973,883,2011,069,803286,10723,938Shareholders’ equity

7,948,0361,295,500530,500116,00010,00010,000Paid-in capital

7,085,9943,524,3723,041,486583,081262,16834,842Net income

13,127,6857,022,0485,664,8661,681,106726,910107,358Ordinary income

96,814,36461,888,83234,560,46811,496,06010,017,58511,811,500Net sales

*Dividend as percentage of shareholders’ equity in 2004.3 is calculated including memorial dividend

・October, 2002 10-for-1 stock split ・November, 2003 5-for-1 stock split ・September, 2003 2-for-1 stock split ・Consolidated from 2003.3

Source: Fields


References

Source: Fields


Market scale of core businesses I

87.0 87.0 86.0 85.0 83.0 83.0 82.0 81.0

30.9 30.0 28.4 28.0 28.5 28.7 27.8 29.2 29.6 29.4

91.0 89.0

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005

Total leisure market（trillion yen）

Pachinko market（¥trillion yen）

Changes in pachinko market18,224 18,164

17,77317,426

17,17316,988

16,504

15,61715,165

16,801

16,0764,868,050

4,763,433 4,755,3024,786,255

4,709,7964,710,646

4,753,358

4,899,1984,969,156

4,891,9444,864,062

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005

Number of pachinko halls

Number of machines installed

Changes in number of Pachinko halls and machines installed

Changes in number of pachinko players18,224 18,164

17,77317,426

17,173 16,988

16,07615,617

15,165

16,504

16,801

260.5268.0 268.0 270.3 274.3

279.9284.9

323.1318.2

294.7304.3

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005

Number of pachinko hallsNumber of machines per hall

Changes in number of Pachinko halls and machines installed per hall

2,998 2,819 2,766

2,1002,900 2,760

2,3101,980 1,860 2,020 1,930

1,509

3,8774,423

2,865

1,823

1,900

1,740

1,790

2,170

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005

White Paper on Leisure（ten thousand people）

Ace Institute（ten thousand people）

Source:”Pachinko Participation Fact-Finding Survey”by Ace Institute,” White Paper on Leisure 2005”by Central Research Service, Inc. ,“Trend and market share of Pachinko related makers 2005” Yano Research Institute


Market scale of core businesses II

2,847,838

4,080,0004,012,901

2,358,321

3,686,677

3,935,0633,716,599

3,368,8393,230,489 3,174,0793,128,0543,623

5,1845,684 5,691 5,615

6,707

7,864

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005

Market value (hundred million yen）

Unit sales of Pachinko machines

525,866775,019 932,705

1,842,392

423,993350,596

1,134,3411,290,719

1,501,8941,675,049

1,500,000

1,828

5,248

2,3532,693

3,1463,513

3,966

5,255

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005

Unit sales of Pachislot machines

Market value（hundred million yen）3,373,704

3,133,340

4,060,759

5,580,0005,687,950

5,529,0694,675,973

4,521,2084,503,180

4,067,195

4,359,056

13,112

11,962

9,5819,205

8,830

7,876

5,977

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005

Market value (hundred million yen）

Unit sales of Pachinko/Pachislot machines

Y2004

Pachinko：7,864 hundred million

Pachislot：5,248 hundred million

Sum：13,112 hundred million

Japanese market for Pachinko machines Japanese market for Pachinko/Pachislot machines

Japanese market for Pachislot machines

Source : “Trend and market share of Pachinko related makers 2005” Yano Research Institute, Estimation by Fields after 2005


Market scale of core businesses III

3,077,5372,960,939

3,853,5293,252,2413,321,391

3,422,6503,827,577

3,906,767

3,227,239

3,686,0663,558,036

73.9%

130.4%

100.7%

114.2%

97.6%97.3%98.4%87.9%

64.0%

97.1%

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005

Number of Pachinko

1,139,3561,004,642880,090

1,936,4761,887,2391,660,839

1,606,1231,459,233

1,323,729

700,332 767,584

50.1%55.2%

59.8%

88.8%

110.9%93.5%

88.5%85.7%81.9%77.1%

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005

Number of Pachislot

4,763,433

4,969,156

4,899,1984,891,9444,864,062

4,786,255

4,755,3024,753,358

4,868,050

4,710,6464,709,796

85.6%89.6%

114.6%

113.1%

96.2%

94.5%94.7%

86.3%

66.6%70.9%

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005

Number of Pachinko/Pachislot machines

Number of Pachinko installed and their annual turnover Number of Pachinko/Pachislot machines installed and their annual turnover

Number of Pachislot installed and their annual turnover

Annual turnover rate of pachinko machines

Annual turnover rate of pachislot machines

Annual turnover rate of pachinko/pachislot machines

Source : “Trend and market share of Pachinko related makers 2005” Yano Research Institute, Estimation by Fields after 2005

fields corporation financial presentation (year ended march 31, 2006)

Documents