Financial Highlights
1. CONSOLIDATED FINANCIAL RESULTS OF EPS GROUP FOR THE THIRD QUARTER
ENDED JUNE 30, 2014(2013.10.1-2014.6.30)(UNAUDITED)(1) CONSOLIDATED OPERATING RESULTS( UNIT:JPY MILLION )Operating Income

Net sales
Jun-14Jun-1330,188 (26,723 (13.0% )
4.3% )Net Income per Share
(yen)
33.17
10.91

Jun-14Jun-13

Ordinary Income

2,872 (60.3% )1,791 ( ᇞ 51.2% )Net Income

2,978 (84.9% )1,611 ( ᇞ 55.1% )1,176 ( 201.4% )
390 ( ᇞ 76.3% )Net Income per
Share,diluted (yen)－－Note : 1 Comprehensive income
Jun-14
1,413 Million yen( ᇞ 8.6% )Jun-13
1,546 Million yen( ᇞ 25.8% )2 Percentages for net sales, operating income, ordinary income, net income and comprehensive income indicate
growth ratio to previous year.
3 As each share of common stock has been split into 100 shares as of 1st April 2014, above net income per share shows
the amount based on as if share split were considered to be effective on 1st October 2012 retroactively.

(2) CONSOLIDATED FINANCIAL INFORMATION
Total Assets
Jun-14
Sep-13Notes :( UNIT:JPY MILLION )Shareholders'Equity ratio (%)
55.1%
57.7%

Net assets
20,08920,06032,10430,323

Total shareholders' equity, valuation and translation adjustments as of :Jun-14
17,677 Million yen
Sep-13
17,485 Million yen(3) CONSOLIDATED SUBSIDIARIES
Consolidated subsidiaries :Affiliated companies by equity accounting method :35
3companies
companies

2.OVERALL SITUATION OF DIVIDEND DISTRIBUTION( UNIT:JPY )Interim Dividend
Sep-13(Result)

1,600.00

Sep-14(Result)(Projection)

800.00－Note :Cash Dividends per shareYear end Dividend
1,000.00

Annual－－10.00－As each share of common stock has been split into 2 shares as of 1st April 2013, and 100 shares as of
1st April 2014, above year end dividend shows the amount after each split.
For reference purpose only, if such share splits become effective as at 1st October 2012 retroactively, dividend
distribution for each fiscal year may become as follows,
Sep-13 (Result)
Annual: 18.00 (Interim Dividend: 8.00, Year end Dividend: 10.00)
Sep-14 (Result)Interim:8.00
Sep-14 (Projection)
Year end: 10.003. INFORMATION OF CONSOLIDATED BUDGET 2014.09 (2013.10.1-2014.9.30)
Sep-14

Net sales
9.0% )
40,961 (Budgeted net income per share :Operating Income
4,110 (17.5% )Ordinary Income
4,150 (17.2% )( UNIT:JPY MILLION )Net Income
2,006 (17.3% )56.09 yenSep-14

Notes :1 Above figures may differ from actual results as uncertain various factors may affect future earnings.
2 Percentages for net sales, operating income, ordinary income, and net income indicate growth ratio
to previous year.
3 As each share of common stock has been split into 100 shares as of 1st April 2014, above budgeted net income pershare shows the amount based on as if share split were considered to be effective on 1st October 2013 retroactively.

4. OTHER INFORMATION(1) Total number of shares issued and outstanding as of :Jun-14

36,160,000

sharesSep-13 36,160,000

shares394,800

sharesJun-13 35,765,200

shares(2) Common stock for treasury as of :Jun-14

708,700

sharesSep-13(3) Average number of shares outstanding during the period as of :Jun-1435,451,300

shares

Note :

As each share of common stock has been split into 100 shares as of 1st April 2014, above each number of sharesshows the amount based on as if share split were considered to be effective on 1st October 2012 retroactively.

CONSOLIDATED BALANCE SHEETS
June 30, 2014 and September 30, 2013
(UNAUDITED)(IN THOUSANDS,JPY)ASSETS
CURRENT ASSETS
Cash and time deposits
Notes and accounts receivable
Investment securities
Inventories
Works in progress
OthersAllowance for doubtful accounts
Total current assets

June 30.2014

September 30.2013

9,869,883
7,570,495
605,651765,865926,2022,130,717
ᇞ 23,640
21,845,177

10,474,905
7,516,328
171,766
643,114488,9972,594,884
ᇞ 22,771
21,867,224

Tangible Assets
Intangible Assets
Investments and other assets ;Investment securities
Deposits
OthersTotal investments and other assets

2,671,164
2,175,538

2,590,022
1,410,862

1,810,893
1,668,278
1,933,386
5,412,559

1,067,676
1,624,702
1,763,247
4,455,626

Total fixed assets

10,259,262

8,456,510

32,104,439

30,323,735

LIABILITIESCURRENT LIABILITIESAccounts payable
Short-term debt
Current portion of long-term debt
Income taxes payable
Provision for bonuses
Provision for loss on order received
OthersTotal current liabilities

879,753715,000
444,000
661,398
393,41747,0004,427,779
7,568,348

709,487
170,000
444,000
815,640
1,032,416
20,0002,917,392
6,108,935

LONG-TERM LIABILITIESLong-term debt
Provision for employees' retirement benefits
Provision for directors' retirement benefits
Asset retirement obligations
OthersTotal long-term liabilities

2,895,074746,528
233,118
353,426
218,935
4,447,083

2,856,000
657,361
249,452
327,474
63,547
4,153,835

12,015,431

10,262,770

1,875,251
1,826,300
14,018,265
ᇞ 663,176
17,056,641

1,875,251
1,826,300
13,485,740
ᇞ 317,258
16,870,034

ᇞ 272,737

ᇞ 108,881

ᇞ0893,992－
724,710621,254615,828

Minority interests
TOTAL NET ASSETS

2,411,112
20,089,008

2,575,101
20,060,964

TOTAL LIABILITIES AND NET ASSETS

32,104,439

30,323,735

FIXED ASSETSTOTAL ASSETSTOTAL LIABILITIESNET ASSETSShareholders' equity
Common stock
Additional paid-in capital
Retained earnings
Common stock for treasury
Total shareholders' equity
Accumulated other comprehensive income (or △loss)
Unrealized gain (or △loss) on
available-for-sale securities
Deferred gain (or △loss) on hedges
Foreign currency translation adjustments
Total accumulated other comprehensiveincome (or △loss)

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
For the Third quarter ended June 30 2014 and 2013
(UNAUDITED)(IN THOUSANDS,JPY)
Third quarter ended
June 30.2014

Third quarter ended
June 30.2013

NET SALESCOST OF SALES
Gross profit

30,188,624
21,509,552
8,679,071

26,723,103
19,902,253
6,820,850

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
Operating income

5,806,576
2,872,495

5,029,061
1,791,788

OTHER INCOME (△EXPENSES)Interest income
Interest expenses
Foreign exchange gain or loss (△loss)
Gain on cancellation of insurance
Gain on change in subsidiaries' equity
Impairment loss on investment securities
Others- net
Other income (△expenses)-net
Income before income taxes and minority interests

35,201
ᇞ 25,936
ᇞ 355
33,54316,191
ᇞ 26,087
63,891
96,4482,968,944

17,373
ᇞ 16,377
ᇞ 207,376
24,628－
ᇞ 282,543
ᇞ 25,941
ᇞ 490,236
1,301,552

INCOME TAXES
Current
Deferred
Total
Income before minority interests
MINORITY INTERESTSNET INCOME

1,239,646
334,600
1,574,246
1,394,698
218,400
1,176,297

475,741
448,469
924,211377,340
ᇞ 12,891
390,232

Income before minority interests

1,394,698

377,340

ᇞ 163,856
ᇞ1
213,596

14,315－
1,144,377

ᇞ 30,660

10,251

19,0781,413,776

1,168,944
1,546,285

1,181,724
232,052

1,427,382
118,903

OTHER COMPREHENSIVE INCOME
Unrealized gain (or △loss) on available-for-sale securities
Deferred gain (or △loss) on hedges
Foreign currency translation adjustments
Share of other comprehensive income of associates inequity method
Total
COMPREHENSIVE INCOME
Comprehensive income attributable to :Parent shareholders
Minority interests

STATEMENT OF ORDER ENTRY AND SALES BY ITEMSFor the Third quarter ended June 30 2014
(UNAUDITED)(1) RESULT OF ORDER ENTRY
2014.06<2013.10.1-2014.6.30>
DIVISIONAMOUNT OF ORDER ENTRY(IN THOUSANDS, JPY )Domestic CRO
Monitoring
Data Management
CRO others
TOTAL OF CRO
Domestic SMO
Domestic CSO
Global Research Operation
EKISHIN Operation
Others
TOTAL

year-to-yearcomparison(%)

11,293,066
6,233,894
2,193,554
19,720,515
4,431,394
4,497,970
1,270,527
2,629,067
1,012,974
33,562,449

152.1%
119.5%
112.1%
135.1%
120.3%
97.8%
84.8%
173.1%
106.9%
125.0%ORDER BACKLOG(IN THOUSANDS, JPY )year-to-yearcomparison(%)

18,772,077
13,561,390
2,686,445
35,019,913
7,420,116
4,312,361
2,989,424
269,143
151,203
50,162,163

129.8%
108.6%
141.0%
121.4%
104.6%
102.0%
106.4%
162.9%
114.0%
115.9%* These figures are expressed by sales price.
* These above figures do not include the consumption tax.

(2) RESULT OF SALES
2014.06<2013.10.1-2014.6.30>

DIVISIONAMOUNT OF SALES(IN THOUSANDS, JPY )Domestic CRO
Monitoring
Data Management
CRO others
TOTAL OF CRO
Domestic SMO
Domestic CSO
Global Research Operation
EKISHIN Operation
Others
TOTAL

year-to-year comparison (%)

124.8%
95.3%
153.3%
115.3%
100.4%
102.7%
117.8%
159.4%
98.1%
113.0%9,894,010
5,470,684
1,618,560
16,983,255
4,231,408
4,286,415
1,278,793
2,420,585
988,165
30,188,624* These above figures do not include the consumption tax.

INDUSTRY SEGMENT INFORMATION
For the Third quarter ended June 30 2014 and 2013
(UNAUDITED)FY 2014 (2013.10.1-2014.6.30)

SALES
Sales to customers
Intersegment sales
Total
Operating income(IN THOUSANDS, JPY)

DomesticCRO

Domestic
SMO

Domestic
CSO

GlobalResearch
Operation

16,983,255
628,629
17,611,884
2,513,355

4,231,408
572,039
4,803,447
740,334

4,286,41564,379
4,350,794
168,880

1,278,793
185,183
1,463,976(291,025)

EKISHIN
Operation

Others2,420,585
46,821
2,467,407(188,381)

988,165 30,188,624
596,8312,093,883
1,584,997 32,282,508(89,586) 2,853,576

Total

Eliminations/Corporate

Consolidation－ 30,188,624(2,093,883)－(2,093,883) 30,188,624
18,9192,872,495* Operating income of 18,919 thousand yen under "Eliminations/ Corporate" consists of elimination of inter-segment and other transactions.
* These above figures under "Others" consist of the figures of "BPO" and "Other business".
* From FY2014, segment definition has been changed to 7 categories of "Domestic CRO", "Domestic SMO", "Domestic CSO", "Global Research Operation","EKISHIN Operation", "BPO" and "Other business", as newly setting up "BPO" and "Other business" segments which belonged to "CRO (Domestic)"and "China business" in previous year. In addition, "China business" has changed its segment name to "EKISHIN Operation".
Reclassified segment information of the same period in previous year is as follows:

FY 2013 (2012.10.1-2013.6.30)

SALES
Sales to customersIntersegment sales
Total
Operating income(IN THOUSANDS, JPY)

DomesticCRO

Domestic
SMO

Domestic
CSO

GlobalResearch
Operation

14,726,303
312,173
15,038,476
1,949,393

4,213,364
3,069
4,216,434
177,596

4,172,100
46,5704,218,670
13,6301,085,753
75,162
1,160,915(73,708)

EKISHIN
Operation

OthersTotal

1,518,561
59,105
1,577,667(299,247)

1,007,019
358,478
1,365,498
15,93526,723,103
854,559
27,577,663
1,783,600* Operating income of 8,188 thousand yen under "Eliminations/ Corporate" consists of elimination of inter-segment and other transactions.
* These above figures under "Others" consist of the figures of "BPO" and "Other business".

Eliminations/
Corporate

Consolidation－ 26,723,103(854,559)－(854,559) 26,723,103
8,188
1,791,788