Outline of Results Briefing held on May 12, 2016

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Next I turn to our earnings outlook for FY2017/3.

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We forecast within ranges, looking for net sales of ¥250-270 billion, operating income of ¥27-33 billion, recurring income of ¥27-33 billion, and net income of ¥17-21 billion. We see the possibility for upside given that we are somewhat conservative in some aspects of our sales planning, but in light of a variety of risks, we have compiled our earnings forecasts in the ranges outlined above.

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I will next break down those forecasts by segment. At the Digital Entertainment segment, we expect contributions from major titles to grow both in Japan and overseas.

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This slide illustrates our sales trend. Our FY2017/3 forecast suggests a near doubling of our net sales since FY2013/3. We want to organically bring our net sales to ¥300-400 billion over approximately the next three years.

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