There are two factors for that performance which were (1) an upturn in existing businesses and (2) contributions from companies acquired through M&A.

Note: Showing existing businesses and new M&A targets with a consolidated contribution of more than 1bn yen. “GGE” refers to GENDA GiGO Entertainment; GGE and FUKUYA HD are consolidated financials (although GGE numbers are excluding Kiddleton basis).

• (1) Upturn in existing business

Existing businesses significantly exceeded the initial plan as shown above. This was mainly due to the continued strong performance of amusement arcade and its peripheral areas, as well as the increase in profit from karaoke.

• (2) Contribution of companies acquired through M&A

Among the M&A projects announced this fiscal year, which were not anticipated in the initial plan, C’traum, which has already closed, is contributing to profits.