Outline of Results Briefing held on May 13, 2013

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Finally, I will explain about the new management team.

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The new members of our management team shown in this slide will be submitted for approval to the annual general meeting of shareholders of the Company to be held on June 25. In addition to myself and Phil Rogers, who were introduced at the Briefing session on March 26, Keiji Honda and Yukinobu Chida will be re-elected. Also, we would like to invite in Yukihiro Yamamura as a new external board member. Mr. Yamamura is the former president of Excite Japan Co. Ltd., and has a deep understanding of and experience in online businesses. We requested Mr. Yamamura to take up the position as we believe that he can bring very meaningful insight and experience upon the Company pursuing online businesses going forward. Mr. Yamamura has kindly accepted our offer, and therefore, today I am happy to introduce him to you, as a board member candidate.

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Finally, I believe that there is no surprise strategy or magic bullet that can recover business performance. We provide entertainment content to our customers. I believe it is important to go back to the basics, to provide our customers with content they enjoy, and to establish a long-term relationship with our customers. In the end, that is the shortest way to serve the best interest of our shareholders. Our creators are growing to become capable of taking on such roles. The Company as a whole will continue to advance forward towards business performance recovery, and I would appreciate your continued cooperation and support.

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