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June 23, 2003
Plaza Create Co., Ltd
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Notification of Extraordinary Gain Incurred from
Partial Stock Sales of GignoSystem Japan, Inc.
Plaza Create Co., Ltd. sold the partial stocks of its consolidated
subsidiary, GignoSystem Japan, Inc. (Headquarters: Chiyoda-ku,
Tokyo; President: Keiko Iida; Hercules Code No.: 4300), based
on an off-floor distribution method. This has resulted in
an extraordinary gain and its effects on the forecast of operating
results for the current consolidated fiscal year are described
below.
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1. Off-floor distribution date
Monday, June 23, 2003
2. Effect on forecast of operating results
The details of the conversion method have not been finalized yet.
They will be properly disclosed when the details of the conversion
method become certain.
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‚
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Interim period
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Full fiscal year
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Consolidated net income for
current period
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100
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300
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Non-consolidated net income for current period
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250
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400
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[Reference: Previous forecast]
The following table shows the forecast of net income for the current
period announced in the "Summary Statement of Settlement of
Accounts (Consolidated) for Fiscal Year Ending March 31, 2003"
and the "Summary Statement of Settlement of Accounts (Non-Consolidated)
for Fiscal Year Ending March 31, 2003" dated May 26, 2003.
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‚
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Interim period
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Full fiscal year
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Consolidated net income for current period
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20
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250
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Non-consolidated net income for current period
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20
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100
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3. Note
The above-mentioned forecast of operating results on a consolidated
and non-consolidated basis is modified according to the extraordinary
gain incurred relating to this matter. It also reflects the effect
of the matter that was announced in "Section 5. Effect on operating
results" of the "Notification Concerning Important Resolution
on Subsidiary Company" released as of June 23, 2003 (it is
expected that an extraordinary loss of approximately  200
million will be incurred both on a consolidated and non-consolidated
basis).
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