Q&A

    The capital market has recently experienced higher levels of volatility due to the elections in United State and small & medium stock indexes have been oversold. We will continue to communicate with long-term foreign funds and life insurance companies and encourage them to become long-term shareholders of the Company. This will reduce volatility in stock prices which would not experience such fluctuations when revenue falls short of expectations for a few months. We will ask the Chairman and the President regarding their thoughts and opinion on treasury stocks. Thank you for your support.

    The Company's stock price had been livelier in the first half of the year. The Chairman was a bit conservative in his views on the second half of the year. In addition, the policy changes in Italy were also exceptional and related revenue were lower than expected. However, Southeast Asia provides huge momentum for growth in revenue. Overall, the Company has achieved tremendous growth this year and the stock price is now exhibits signs of over-dropping. For long-term investors, both the cash yield of IGS's stocks and the stock deductible rate are considered to be very high. We provide this information as reference for long-term investors. We will ask supervisors and the Board of Directors regarding the feasibility of buying back treasury stocks.

    The Company's momentum for growth in arcade games had been very strong in April and it included the main markets of China, Southeast Asia, and Italy. In addition, the growth in revenue from the gambling game Fafafa platform continued to create new highs for the game and revenue exceeded expectations in April. The subsequent revenue may continue along similar trends but we must continue to observe the actual performance and related development of the product lines in the market. The increase in the stock price has been more substantial this year and the Company has been closely scrutinized by the competent authority. The Company's stocks were essentially classified as full-cash delivery stocks in April 2016 and the Company has sought methods to clarify with the competent authority. We hope that the competent authority would not use such methods to penalize companies that have achieved large-scale growth in profitability.

    The Company's momentum for growth in arcade games had been very strong in March and it included the main markets of China, Southeast Asia, and Italy. In addition, the growth in revenue from the gambling game Fafafa continued and it appears that the growth may hold steady in April. We must continue to observe the actual performance and related development of the product lines in the market.

    IGS's revenue began its rapid growth due to revenue from arcade games at the end of the previous year as economy recovered in the main markets in China and Southeast Asia. The gambling game platform established in collaboration with the major Australian slot machine company Aristocrat began to grow. In addition, the first quarter was the peak season for online games and the performance of chess and card games often reach their highest levels in the year after the new year. Overall, we expect positive growth in the revenue of the first quarter.