Outline of Results Briefing held on May 11, 2017

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This slide shows our dividend policy. We target a consolidated payout ratio of 30% and plan a dividend of ¥50 for FY2017/3. We paid an interim dividend of ¥10, so that would make for an end-FY dividend of ¥40.

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I will next discuss our medium-term targets and business strategies.

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We want to develop the capacity to consistently generate roughly ¥300-400 billion in net sales and ¥40-50 billion in operating income by around FY2020/3. Our plan is for sales and income growth to be driven primarily by the Digital Entertainment segment.

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We intend to pursue the following four strategies in order to reach our medium-term targets.

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