Todo/Subsidiaries

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1998

Subsidiaries:
	SEGA Europe Ltd. 
	SIMS Co., Ltd. 
	S-AI Electronics Co., Ltd. 
	SEGA Amusements Taiwan Ltd. 51.0 475 475 3,596
	SEGA Ozisoft Pty. Ltd.(
	SEGA Singapore Pte. Ltd. 
	SEGA International Finance B.V. 
	Nextech Co., Ltd. 
	SEGA Huahan Culture Entertainment Co., Ltd. 80.0 240 240 1,817
	SEGA Yonezawa Co., Ltd.(
	SEGA United Co., Ltd.(
	SEGA Enterprises (Australia) Pty. Ltd. 86.0 661 2,014 15,246
	SEGA Enterprises, Inc. (U.S.A.) 
	Cross Products Ltd. 
	SEGA Distribution Australia Pty. Ltd. 
	SEGA Food Works Co., Ltd. 51.0 — 5 38
	S.G.S. Co., Ltd.(
	SEGA of America, Inc.
Affiliates:
	Linguaphone Japan Ltd.(
	Light Printing Co., Ltd. 33.4 1,470 1,470 11,128
	SEGA Digital Communication Co., Ltd. 35.0 140 140 1,060
	SEGA Music Networks Co., Ltd.
	SG MEDIA Co., Ltd. 20.0 60 60 454
	S.G.S. Co., Ltd.(
	SEGA Logistics Service Co., Ltd. 50.0 
	Virtual Game Center Corporation(
	Super Merge Corporation Sdn. Bhd. 20.0 437 437 3,308
	Hyundai Sega Entertainment Co., Ltd. 25.0 173 173 1,310
	SEGA Muse Ltd. 46.9 — 255 1,930
	Lotte SEGA Co., Ltd. 50.0 — 709 5,367
	Amusement World of Vietnam Corporation 30.0 — 38 288
	SEGA Lease Co., Ltd.
	Atlus Dream Entertainment Co., Ltd. 20.0 — 76 575

1999

Subsidiaries:
	SEGA Europe Ltd. 
	SIMS Co., Ltd. 
	SI Electronics Co., Ltd. 
	SEGA Amusements Taiwan Ltd. 
	SEGA Singapore Pte. Ltd. 
	SEGA International Finance B.V. 
	Nextech Co., Ltd. 
	SEGA Huahan Culture Entertainment Co., Ltd. 
	SEGA TOYS, Ltd. (formerly SEGA Yonezawa Co., Ltd.) 
	SEGA Enterprises (Australia) Pty. Ltd.
	SEGA Enterprises, Inc. (U.S.A.)(
	Cross Products Ltd. 
	SEGA Distribution Australia Pty. Ltd. 
	SEGA Food Works Co., Ltd. 
	S.G.S. Co., Ltd. 
	OASIS Park Co., Ltd. 
	Eighty-one Entertainment Co., Ltd. 
	SEGA of America, Inc.
Affiliates:
	Linguaphone Japan Ltd. 
	Light Printing Co., Ltd. 
	SEGA Digital Communication Co., Ltd. 
	SEGA Music Networks Co., Ltd.
	SG MEDIA Co., Ltd. 
	SEGA Soft Networks, Inc.
	SEGA Logistics Service Co., Ltd. 
	Super Merge Corporation Sdn. Bhd. 
	Hyundai Sega Entertainment Co., Ltd. 
	SEGA Muse Ltd. 
	Lotte SEGA Co., Ltd. 
	Amusement World of Vietnam Corporation 
	SEGA Lease Co., Ltd.
	Atlus Dream Entertainment Co., Ltd.

2000

SEGA Enterprises, Inc. (U.S.A.) 
	SEGA of America, Inc. 
	SEGA.Com, Inc. 
	SEGA.Com PC Networks, Inc. 
	SEGA of America Dreamcast, Inc. 
	Visual Concepts Entertainment, Inc. 
	SEGA Soft Networks, Inc. 
SEGA Europe Ltd. 
	SEGA Amusements Europe Ltd. 
		JPM International Ltd. 
		ACE Coin Equipment Ltd. 
		Crystal Leisure Ltd. 
		Cross Products Ltd. 
		SEGA Gesellschaft fur Videospiele GmbH
		SEGA Consumer Products S.A. 
S.G.S. Co., Ltd. 
SEGA TOYS, Ltd. 
SEGA MUSE Corporation 
SEGA Music Networks Co., Ltd. 
SEGA Logistics Service Ltd.

2001

SEGA Enterprises, Inc. (U.S.A.) 
SEGA of America, Inc. 
	SEGA.Com, Inc. 
	SEGA.Com PC Networks, Inc. 
	SEGA of America Dreamcast, Inc. 
	Visual Concepts Entertainment, Inc. 
	SEGA Soft Networks, Inc. 
SEGA Europe Ltd. 
	SEGA Amusements Europe Ltd. 
		JPM International Ltd. 
		ACE Coin Equipment Ltd. 
		Crystal Leisure Ltd. 
		Cross Products Ltd. 
		SEGA Gesellschaft fur Videospiele GmbH
		SEGA Consumer Products S.A. 
S.G.S. Co., Ltd. 
SEGA TOYS, Ltd. 
SEGA Music Networks Co., Ltd. 
SEGA Logistics Service Ltd. 
WOW Entertainment Inc.
Hitmaker Co., Ltd.
Amusement Vision Ltd.
Sega Rosso Co., Ltd.
Smilebit Corporation
Overworks Ltd.
Sonicteam Ltd.
United Game Artist Ltd.
Wavemaster Inc.
Sega Amusement Higashi-nihon Ltd.
Sega Amusement Tokyo Ltd.
Sega Amusement Tokai Ltd.
Sega Amusement Kansai Ltd.
Sega Amusement Nishi-nihon Ltd.

2002

SEGA Enterprises, Inc. (U.S.A.) U.S.A. 
	SEGA of America, Inc. 
	Family Wonder Holdings, Inc. U.S.A. 48(96) March 31
	Visual Concepts Entertainment, Inc. U.S.A. 
SEGA Europe Ltd. U.K. 
	SEGA Amusements Europe Ltd. 
		JPM International Ltd. 
		ACE Coin Equipment Ltd. 
		Crystal Leisure Ltd. 
		SEGA Gesellschaft fur Videospiele GmbH Germany (
		SEGA Consumer Products S.A. Spain (
SEGA TOYS, Ltd. Japan 73.6 March 31
SEGA Music Networks Co., Ltd. Japan 
SEGA Logistics Service Ltd. Japan 75.0 March 31
WOW Entertainment Inc. Japan 
Hitmaker Co., Ltd. Japan 
Amusement Vision Ltd. Japan 
Sega Rosso Co., Ltd. Japan 
Smilebit Corporation Japan 
Overworks Ltd. Japan 
Sonicteam Ltd. Japan 
United Game Artists Ltd. Japan 
Wavemaster Inc. Japan 85.3 March 31
SEGA-AM2 Co., Ltd. Japan 
Red Entertainment Corporation Japan 67.0 March 31
Sega Amusement Higashi-nihon Ltd. Japan 
Sega Amusement Ltd. Japan 
Sega Amusement Tokai Ltd. Japan 
Sega Amusement Kansai Ltd. Japan 
Sega Amusement Nishi-nihon Ltd. Japan

2004

SEGA Holdings U.S.A., Inc. U.S.A. 
SEGA Amusements U.S.A., Inc. 
SEGA Enterprises, Inc. (U.S.A.) 
SEGA of America, Inc. 
Visual Concepts Entertainment, Inc. 
SEGA Com, Inc. U.S.A. 
SEGA Europe Ltd. U.K. 
SEGA Amusements Europe Ltd. 
JPM International Ltd. 
ACE Coin Equipment Ltd. 
Crystal Leisure Ltd. 
SEGA Gesellschaft fur Videospiele mbH Germany (
SEGA Consumer Products S.A. Spain (
SEGA France. S.A. France (
SEGA R&D Holdings, Inc. Japan 
SEGA-AM2 Co., Ltd. Japan (
SEGA Amusement Ltd. Japan 
SEGA TOYS, Ltd. Japan 68.6 March 31
SEGA Music Networks Co., Ltd. Japan 
SEGA Logistics Service Ltd. Japan 
Hitmaker Co., Ltd. Japan (
Smilebit Corporation Japan (
Sonicteam Ltd. Japan (
Amusement Vision Ltd. Japan (
United Game Artists Ltd. Japan (
SEGA WOW, Inc. Japan (
Wavemaster Inc. Japan 85.3 March 31

2005

Sammy Corporation 
SEGA CORPORATION 
RODEO Co., Ltd. 
Shuko Electronics Co., Ltd. 
Sammy Design Co., Ltd. 
SI ELECTRONICS, LTD. 
SEGA LOGISTICS SERVICE LTD. 
SEGA AMUSEMENTS U.S.A., INC. 
SEGA AMUSEMENTS EUROPE LTD. 
Sammy NetWorks Co., Ltd. 
SEGA TOYS, LTD. 
SEGA MUSIC NETWORKS CO., LTD. 
SEGA OF AMERICA, INC. 
SEGA ENTERPRISES, INC. (U.S.A.) 
SEGA EUROPE LTD. 
NISSHO INTER LIFE CO., LTD. 
SEGA SAMMY ASSET MANAGEMENT INC.