Outline of Results Briefing held on November 4, 2011

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Regarding strengthening IPs, we are aiming to establish 10 IPs.

In addition to the strong IPs we own such as FINAL FANTASY, DRAGON QUEST, TOMB RAIDER, and KINGDOM HEARTS, we are engaged in developing towards a new IP establishment with quality-conscious. With the extremely high quality of Deus Ex: Human Revolution released in the second quarter, we plan to develop this IP as a franchise. Regarding yet unannounced IPs, we should certainly be able to announce 2 to 3 titles to everyone within a few years. Although we believe the basic business model for creating new IPs is the packaged title sales at present, the network has become a standard feature. With a requirement that an IP has to be capable of making a continuous profit contribution, we are aiming to establish 10 IPs.

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The overall fiscal year plan has not been changed since the beginning of the period.

Under conditions roughly unchanged from the present, we believe that our plan can be achieved. However, as we have tighten the quality control on game content out of regret that our financial results for the last fiscal year plunged to a record-low, any project that does not meet the strictest standards, would be cancelled. As a result, we currently have no plans to revise these figures.

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Below, for reference, is the plan for the whole fiscal year.

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