Financial Highlights
1. CONSOLIDATED FINANCIAL RESULTS OF EPS GROUP FOR THE FIRST QUARTER
ENDED DECEMBER 31, 2012(2012.10.1-2012.12.31)(UNAUDITED)(1) CONSOLIDATED OPERATING RESULTS( UNIT:JPY MILLION )Operating Income

Net sales
Dec-12
Dec-118,554 (
8,200 (4.3% )15.8% )

Dec-12
Dec-11Net Income per Share(yen)
1,759.97
3,095.56

Ordinary Income893 ( ᇞ 17.2% )1,079 (29.3% )Net Income

855 ( ᇞ 18.7% )1,051 (22.6% )314 ( ᇞ 43.1% )553 ( 155.8% )Net Income per
Share,diluted (yen)－－Note : 1 Comprehensive income
Dec-12791
Million yen( 18.0% )Dec-11671
Million yen( 127.5% )2 Percentages for net sales, operating income, ordinary income, net income and comprehensive income indicate
growth ratio to previous year.

(2) CONSOLIDATED FINANCIAL INFORMATION
Total Assets
Dec-12
Sep-12
Note :( UNIT:JPY MILLION )Shareholders'Equity ratio (%)
61.7%
58.6%

Net assets
18,301
18,43625,963
26,647

Total shareholders' Equity, valuation and translation adjustments as of :Dec-12
16,027 Million yen
Sep-12
15,608 Million yen(3) CONSOLIDATED SUBSIDIARIES
Consolidated subsidiaries :Affiliated companies by equity accounting method :21
4companies
companies

2.OVERALL SITUATION OF DIVIDEND DISTRIBUTION( UNIT:JPY )Cash Dividends per share
Year end Dividend
1,900.00

Interim Dividend
Sep-12(Result)

1,600.00

Sep-13(Projection)

1,600.00

Annual3,500.00
3,600.00

2,000.00

3. INFORMATION OF CONSOLIDATED BUDGET 2013.09 (2012.10.1-2013.9.30)
Net sales
9.8% )
19,041 (15.7% )40,717 (Mar-13
Sep-13

Budgeted net income per share :Operating Income
2,189 ( ᇞ 20.4% )5,492 (6.1% )Mar-13
Sep-13

Ordinary Income
2,189 ( ᇞ 16.8% )5,506 (8.2% )( UNIT:JPY MILLION )Net Income
1,118 ( ᇞ 5.4% )2,858 (29.5% )6,256.34 yen
15,984.11 yen

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.

4. OTHER INFORMATION(1) Total number of shares issued and outstanding as of :Dec-12

180,800

sharesSep-12

180,800

sharesSep-12

1,974

shares

178,826

shares(2) Common stock for treasury as of :Dec-12

1,974

shares(3) Average number of shares outstanding during the period as of :Dec-12

178,826

sharesDec-11(4) Our board of directors has resolved that each share of common stock will be split into 2 shares as of 1st April 2013,
in order for the purpose of creating effective environment for investors in stock exchange market.
For reference purpose only, if such share split becomes effective as at 1st October 2012 retroactively, projected dividend
distribution and projected net income per share for the period ending September 2013 may become as follows
Projected dividend distribution( UNIT:JPY )Projected cash dividends per share
Interim Dividend

Sep-13(Projection)

800.00Year end Dividend
1,000.00

Projected net income per shareMar-13
Sep-13(Projection)

3,128.17

Sep-13
7,992.06

Annual
1,800.00

CONSOLIDATED BALANCE SHEETS
December 31, 2012 and September 30, 2012
(UNAUDITED)(IN THOUSANDS,JPY)ASSETS
CURRENT ASSETS
Cash and time deposits
Notes and accounts receivable
Inventories and products
Works in progress
OthersAllowance for doubtful accounts
Total current assets

December 31.2012

September 30.2012

9,858,219
6,924,019
415,838
865,463
1,426,403
ᇞ 4,486
19,485,458

10,576,625
7,320,867
415,319506,388
1,728,188
ᇞ 4,050
20,543,338

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

2,130,451
908,100

1,881,401
814,248

605,113
1,311,964
1,522,839
3,439,917

587,383
1,287,155
1,533,884
3,408,423

Total fixed assets

6,478,469

6,104,074

25,963,927

26,647,412

LIABILITIESCURRENT LIABILITIES
Accounts 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

232,119
1,430,000
100,000
79,938333,257
24,0003,579,647
5,778,962

252,027
15,000100,000
1,455,156
1,094,398
108,000
3,292,666
6,317,248

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

750,000
550,247
250,646
301,543
30,683
1,883,122

800,000
515,997
241,664
274,805
61,355
1,893,822

7,662,085

8,211,071

1,875,251
1,826,300
12,376,610
ᇞ 317,258
15,760,904

1,875,251
1,826,300
12,401,651
ᇞ 317,258
15,785,945

50,194

ᇞ 57,555

216,138

ᇞ 120,366

266,333

ᇞ 177,921

Minority interests
TOTAL NET ASSETS

2,274,605
18,301,842

2,828,317
18,436,341

TOTAL LIABILITIES AND NET ASSETS

25,963,927

26,647,412

FIXED ASSETSTOTAL ASSETSTOTAL LIABILITIESNET ASSETS
Shareholders' 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
Foreign currency translation adjustments
Total accumulated other comprehensive
income (or △loss)

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
For the First quarter ended December 31 2012 and 2011
(UNAUDITED)(IN THOUSANDS,JPY)
First quarter ended
December 31.2012

First quarter ended
December 31.2011

NET SALESCOST OF SALES
Gross profit

8,554,354
5,977,335
2,577,018

8,200,797
5,441,935
2,758,862

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
Operating income

1,683,707
893,311

1,679,349
1,079,512

OTHER INCOME (△EXPENSES)Interest income
Interest expenses
Foreign exchange gain or loss (△loss)
Gain on sale of investment securities
Gain or loss of equity in associated companies (△ loss)
Impairment Loss on investment securities
Others- net
Other income (△expenses)-net
Income before income taxes and minority interests

4,837
ᇞ 5,498ᇞ 42,262
24,464
ᇞ 17,228ᇞ 166,440
21,975
ᇞ 180,153
713,158

1,781
ᇞ 6,773
ᇞ 23,611
6,171
ᇞ 5,810－68,30240,0591,119,572

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

48,358342,613
390,972
322,1857,457
314,727

154,925
340,204
495,129
624,442
70,875553,567

Income before minority interests

322,185

624,442

107,749
349,5214,470
39,751

12,466

2,434

469,737
791,923

46,656
671,098

758,983
32,939608,423
62,675OTHER COMPREHENSIVE INCOME
Unrealized gain (or △loss) on available-for-sale securities
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 First quarter ended December 31 2012
(UNAUDITED)(1) RESULT OF ORDER ENTRY
2012.12<2012.10.1-2012.12.31>
DIVISION

year-to-yearcomparison(%)

AMOUNT OF ORDER ENTRY(IN THOUSANDS, JPY )CRO(Domestic)
Monitoring
Data Management
CRO others
TOTAL OF CRO
SMO(Domestic)
CSO(Domestic)
Global Research
China Business
TOTAL

4,683,972
1,908,979
772,179
7,365,131
953,308
1,103,875
222,332
27,3839,672,031

131.5%
104.0%
64.4%
111.6%
33.8%
39.3%
73.8%
889.8%
77.2%

ORDER BACKLOG(IN THOUSANDS, JPY )year-to-yearcomparison(%)

16,852,227
12,999,408
1,335,369
31,187,005
7,088,388
3,517,108
2,320,327
105,495
44,218,325

108.2%
96.3%
84.8%
101.7%
89.2%
64.5%
78.7%
89.5%
93.8%

* These figures are expressed by sales price.
* These above figures do not include the consumption tax.

(2) RESULT OF SALESDIVISION

2012.12<2012.10.1-2012.12.31>
AMOUNT OF SALES(IN THOUSANDS, JPY )CRO(Domestic)
Monitoring
Data Management
CRO others
TOTAL OF CRO
SMO(Domestic)
CSO(Domestic)
Global Research
China Business
TOTAL

year-to-year comparison (%)

2,799,508
1,921,565
633,4435,354,517
1,489,161
1,386,197
298,71025,7678,554,354

112.7%
105.6%
88.2%
106.6%
109.3%
87.4%
138.1%
195.8%104.3%* These above figures do not include the consumption tax.

INDUSTRY SEGMENT INFORMATION
For the First quarter ended December 31 2012 and 2011
(UNAUDITED)FY 2013 (2012.10.1-2012.12.31)(IN THOUSANDS, JPY)CROSMOCSO
GlobalChina
Eliminations/ Consolidation
Total
Corporate(Domestic) (Domestic) (Domestic) Research Business
SALES
Sales to customers
5,354,517 1,489,161 1,386,197
298,71025,767 8,554,354－ 8,554,354
Intersegment sales
71,5161,600
16,30215,85744,915150,192 (150,192)－Total5,426,033 1,490,761 1,402,499
314,568
70,683 8,704,546 (150,192) 8,554,354
Operating income
970,659
20,06463,461(35,631) (126,758)
891,794
1,517
893,311* Operating income of 1,517 thousand yen under "Eliminations/ Corporate" consists of elimination of inter-segment and other transactions.
* From FY2013, segment definition has been changed to 5 categories of "CRO(Domestic)", "SMO(Domestic)", "CSO(Domestic)","Global Research" and "China business", as newly setting up "Global Research" and "China business" segments which were belongedto "CRO" business in previous year. Reclassified segment information of the same period in previous year is as follows:

FY 2012 (2011.10.1-2011.12.31)
CROSMOCSO
Global(Domestic) (Domestic) (Domestic) ResearchSALES
Sales to customers
5,023,279 1,362,466 1,585,622
216,270
Intersegment sales
37,866－
5,265
15,207
Total
5,061,145 1,362,466 1,590,887
231,478
Operating income
897,197
100,098
231,693
5,985(IN THOUSANDS, JPY)

ChinaBusiness

Total

13,158 8,200,797
32,58490,92445,743 8,291,721(157,715) 1,077,259

Eliminations/ Consolidation
Corporate－ 8,200,797(90,924)－(90,924) 8,200,797
2,253 1,079,512* Operating income of 2,253 thousand yen under "Eliminations/ Corporate" consists of elimination of inter-segment and other transactions.