CONSOLIDATED FINANCIAL HIGHLIGHTS

Aug 8th, 2008

Company code number:
Shares traded:Company Representative:
Contact for further Information:
Telephone:
Date of annual general meeting of shareholders:Planned date of dividend payments:
Planned FSA filing submission date:
Adoption of U.S. accounting standards:

3730( URL : http://www.macromill.com)
Tokyo Stock Exchange , 1st section
Yasunori Fukuha, Chairman
Yasuhiro Kihara, Executive officer of Accounting and Finance
Department+81-3-6716-0700
September 25th, 2008
September 26th, 2008
September 26th, 2008
None

1. Consolidated operating results ( July 1, 2007 to June 30, 2008 )(1) Consolidated financial results(In millions of yen, with fractional amounts discarded)(Percent figures show projected year-on-year change for previous year)

Net sales

Operating income(Millions of yen)%

(Millions of yen)

Ordinary income

Net income%(Millions of yen)%

(Millions of yen)%

June 30, 2008

7,413

16.0

2,154

9.4

2,157

8.7

1,167

10.5

June 30, 2007

6,392

23.4

1,969

20.0

1,984

20.0

1,056

6.9

Net income per

Net income per

Return on equity

Ratio of ordinary

Ratio of operating

share

share (diluted)

ratio

income to total assets

income to net sales

％

％

(Yen)

June 30, 2008
June 30, 2007

(Yen)

9,084.89
8,293.19％

9,083.24
8,220.60

23.3
24.9

31.5
34.8

(Note) Gains or losses on investments through equity method accounting:June 2008 term:- million yen
June 2007 term:(2) Consolidated financial position
Total assets(Millions of yen)

Net assets

29.1
30.8

- million yen

Equity ratio

Net assets per share(Millions of yen)

％

(yen)

June 30, 2008

7,350

5,841

73.4

41,952.87

June 30, 2007

6,330

4,992

73.0

35,953.11(Note) Total equity

June 2008 term: 5,394million yen

June 2007 term: 4,618million yen(3) Consolidated cash flow statements
Cash flows fromoperating activities(Millions of yen)

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash
equivalents , End ofyear(Millions of yen)

(Millions of yen)

(Millions of yen)

June 30, 2008

1,483

(1,253)

(329)

3,497

June 30, 2007

1,695

(269)

(312)

3,613

-1-

2.

Dividends
Annual dividend per share(Record date)June 30, 2007
June 30, 2008
June 30, 2008
(Forecast)
3.

InterimEnd of term

Dividend
payout ratio(Consolidated)(Millions of yen)

Dividend/net
assets(Consolidated)

(Yen)

(Yen)

(Yen)

%

%

1,200.00
1,200.00

1,400.00
1,600.00

2,600.00
2,800.00

332
360

31.4
30.8

7.8
7.2

1,500.00

1,800.00

3,300.00

-

32.7

-

Consolidated forecasts for June 2009 term (From July 1, 2008 to June 30, 2009)(Percent figures show projected year-on-year change for relevant period)
Net sales(Millions of yen)Interim term
Annual4.

AnnualTotal dividend
paid(annual)

4,210
8,710

Operating income％ (Millions of yen)

16.8
17.5

1,090
2,380

Ordinary income％ (Millions of yen)

3.4
10.5

1,100
2,410

Net income

Net income％ (Millions of yen)

4.4
11.7

600
1,300

per share
％

(Yen)

6.3
11.3

4,666.14
10,109.97

Others(1) Changes in major subsidiary status during period under review (affecting specific subsidiaries due to changes in scopeof consolidation): None
(2) Changes in principles/methods of accounting treatment, presentation method or other items related to preparation of
consolidated financial statements (basis of presentation and significant accounting policies)
1) Changes related to revision of accounting standards: None
2) Changes other than those included in 1) above: None
(3) Number of outstanding shares (Common share)
1) Number of outstanding shares at end of term (including treasury stock):
June 30, 2008:
128,586 shares
June 30, 2007:
128,448 shares
2) Number of treasury stock at end of term:
June 30, 2007:- shares
June 30, 2006:- shares(Note) Please refer to p.11 (“Per share information”) regarding the number of shares used as the basis for the
calculation of net income per share (consolidated).

-2-

(Reference) Non-consolidated operating results
1. Non-consolidated operating results (July 1, 2007 to June 30, 2008)(1) Non-consolidated financial results(Percentage figures show projected year-on-year change for previous year)
Net sales

Operating income(Millions of yen)

June 30, 2008
June 30, 2007

%

6,372
5,434

(Millions of yen)

17.2
20.2

Net income per share

2,006
1,853

(Millions of yen)

8.3
18.3

Net income

%

2,031
1,857

(Millions of yen)

9.4
17.7

%

1,195
1,087

9.9
11.3

Net income per share(diluted)(Yen)

June 30, 2008
June 30, 2007

Ordinary income

%

(Yen)

9,295.72
8,535.82

9,294.03
8,461.11(2) Non-consolidated financial position
Total assets

Equity ratio(Millions of yen)

(Millions of yen)

6,857
5,889

5,478
4,649

June 30, 2008
June 30, 2007
(Note) Total equity

Net assets

June 2008 term: 5,448million yen

Net assets per share
%

(Yen)

79.5
78.7

42,373.15
36,101.49

June 2006 term: 4,637 million yen

2. Non-consolidated forecasts for June 2009term (From July 1, 2008 to June 30,2009)(Percentage figures show projected year-on-year change for relevant period)
Net
Net sales

Operating income

Ordinary income

incomeNet income

per share(Millions of yen)

% (Millions of yen)

% (Millions of yen)%

(Millions

of

%

(Yen)

600
1,340

5.6
12.1

4,666.14
10,421.04

yen)Interim term
Annual

3,600
7,520

19.0
18.0

1,000
2,230

4.8
11.2

1,010
2,260

4.8
11.2

* Disclaimer regarding appropriate use of forecasts and related points of note
The above forecasts were based on information that was available as of the day of this announcement and on
assumptions made as of the same day regarding a number of uncertainties that could affect future financial
performance. Actual results could differ considerably depending on a variety of factors hereafter.

-3-

Consolidated Balance Sheets
Description(Thousands of yen)
As of June 30, 2007
AmountIncrease(Decrease)

As of June 30, 2008%

Amount%Amount（Assets）
Ⅰ Current assets
1. Cash and deposits

2,613,347

3,497,051

2. Notes and accounts receivable

883,703

1,204,635

1,377,248

172,612

3. Securities

999,825-(999,825)

4. Inventories

5,765

10,732

4,967

177,591

229,079

51,48874,946130,297

55,350(2,938)(1,800)1,137

5. Deferred tax assets
6. Others
Allowance for doubtful accounts
Total current assets

5,073,073

80.1

5,242,608

71.3

169,434

210,653

2.9

8,508

719,649

9.8(70,797)

1,177,319

16.0

912,912

Ⅱ Fixed assets
1. Tangible fixed assets(1) Buildings and structures

55,43551,057(2) Furniture and fixtures

143,746

157,762(3) Construction in progress

2,962

202,144

3.2

1,832

2. Intangible fixed assets(1) Software

442,113479,398(2) Goodwill

329,483

271,914(3) Others

18,849790,446

12.5

22,336

264,406

4.2

Total fixed assets

1,256,998

19.9

2,107,622

28.7

850,624

Total assets

6,330,172

100.0

7,350,231

100.0

1,020,059

3. Investments and other assets(1) Investment securities

92,777(2) Others

171,628

824,497-4-

352,821

Description

As of June 30, 2007
AmountIncrease(Decrease)

As of June 30, 2008%

Amount%Amount（Liabilities）
Ⅰ Current Liabilities
1. Accounts payable
2. Income taxes payable

290,540

369,663536,591

521,450(15,141)

3. Allowance for panelists-points

329,491

451,480

121,988

4. Others

180,892

166,039(14,853)

Total current liabilities

1,337,517

21.1

79,122

1,508,633

20.5

171,116
171,116

1,741

1,337,517

21.1

1,508,633

20.5

928,61614.7

930,358

12.7

2. Capital surplus

963,53915.2

963,899

13.1

360

3. Retained earnings

2,725,538

43.1

3,559,376

48.4

833,837

4,617,695

73.0

5,453,634

74.2

835,938--(51,613)(0.7)(51,613)409

0.0(7,468)(0.1)(7,878)409

0.0(59,082)(0.8)(59,492)

Ⅲ Stock acquisition rights

12,1250.2

30,3140.4

18,188Ⅳ Minority interests

362,4235.7

416,731

5.7

54,308

Total net assets

4,992,654

78.9

5,841,598

79.5

848,943

Total liabilities and net assets

6,330,172

100.0

7,350,231

100.0

1,020,059

Total liabilities（Net assets）
Ⅰ Shareholders’ equity
1. Common stock

Total shareholders’ equity
Ⅱ Valuation and translation adjustments
1. Valuation difference on
available-for-sale securities
2. Translation adjustments
Total Valuation andtranslation adjustments-5-Consolidated Statements of Income
Description(Thousands of yen)
As of June 30, 2007
AmountⅠ Net Sales
Ⅱ Cost of sales
Gross profit
Ⅲ Selling, general andadministrative expenses
Operating income
Ⅳ Non-operating income%

Amount

6,392,988

100.0

%

Amount
7,413,222

100.0

1,020,234

2,765,656

43.3

3,291,149

44.4

525,492

3,627,331

56.7

4,122,073

55.6

494,741

1,657,831

25.9

1,967,792

26.5

309,961

1,969,500

30.8

2,154,280

29.1

184,780

38,492

0.5

17,06834,9100.5

28,602

2,157,862

29.1

173,245

9,001

0.1

1,815

2,148,861

29.0

171,430

917,749

12.4

57,479

1. Interest income
2. Gains on sales of investments in securities

7,037

35,234

1,967-

3.. Foreign exchange gains

11,187-

4. Others

1,231

Ⅴ Non-operating expenses
1. Interest expenses

21,424

0.3

3,258

-

683

2. Loss on transfer of accounts receivable
3. Loss on cancellation ofleasehold contracts
4. Foreign exchange losses

4,800

6,320

-

3,532

-

23,8395. Others

1,507

Ordinary income
Ⅵ Extraordinary losses
1. Losses on disposal of fixed assets
2.Provision of allowance forpanelists-points for prior periods
Income before income taxes
and minority interests
Income taxes – current
Income taxes – deferred

6,307

0.1

1,984,616

31.0

7,186
7,186

0.1

1,977,430

30.9

860,270

13.4

60,4101.0

63,1440.8

2,733

1,056,749

16.5

1,167,967

15.8

111,217855,2818,636

961,858

Minority interests in net income
Net income

533

364

-

4,988

Increase(Decrease)

As of June 30, 2008

-6-

(44,108)

Consolidated Statements of Changes in Shareholders’ equity
A year ended June 30, 2007

(Thousands of yen)
Valuationandtranslation
adjustments

Shareholders’ equity

June,30 2007

Commonstock

Balance as of June 30, 2006

Capitalsurplus897,381956,301

31,235

7,238

Retainedearnings

Total
shareholders’equitytranslation
adjustments

2,022,792

3,876,475-

StockacquisitionrightsMinority
interests-

298,947

Total net
assets4,175,422

Changes during the term
Issuance of new share

38,47338,473

Dividends(354,003)(354,003)(354,003)

Net income

1,056,749

1,056,749

1,056,749

Change in items other thanshareholders’ equity

409

12,12563,47576,011

Total changes during the term

31,235

7,238

702,746

741,220409

12,12563,475817,232

Balance as of June 30, 2007

928,616

963,5392,725,538

4,617,695

409

12,125362,423

4,992,654

A year ended June 30, 2008

(Thousands of yen)
Valuationandtranslation adjustments

Shareholders’ equity

Commonstock

CapitalsurplusRetainedearnings

June 30, 2008
Balance as of June 30, 2007

928,616

963,539

1,741

360

2,725,538

valuationStockacquisitionrightsMinority
interests

Total net
assets409

12,125362,423

4,992,654

Total

Valuation

Total
difference Translation
shareholders’ on availableandadjustments
equityfor-saletranslation
securities
adjustments
4,617,695-

409

Changes during the term
Issuance of new share

2,101

2,101

Dividends(334,130)(334,130)(334,130)

Net income

1,167,967

1,167,967

1,167,967

Change in items other thanshareholders’ equity
Total changes
during the term
Balance as of June 30, 2008

(51,613)(7,878)(59,492)

18,18854,30813,004

1,741

360

833,837

835,938(51613)(7,878)(59,492)

18,18854,308

848,943930,358

963,8993,559,376

5,453,634(51,613)(7,878)(59,082)

30,314

416,731

5,841,598-7-

Consolidated statements of cash flow

(Thousands of yen)

As of June 30,
2007

As of June 30,
2008

Increase(Decrease)

AmountAmountAmount

1,977,430

2,148,861

171,430

170,986
109,094(155)
61,338214,293108,957(1,137)
121,988

43,307(137)(981)
60,649(7,037)(35,234)(28,196)

-

683

683

Foreign exchange loss (gain)(13,813)

4,224

18,038

Gains on sales of investments in securities(1,967)-

1,967

Loss on disposal of fixed assets
Increase in accounts receivable

7,186(98,119)364(161,763)(6,821)(63,644)

Description
Ⅰ Operating activities
Income before income taxes and minority interests
Depreciation
Amortization of goodwill
Decrease in allowance for doubtful accounts
Increase in allowance for panelists-points
Interest income
Interest expenses

Decrease in inventories

3,146(5,002)(8,148)

Increase in accounts payable

19,081

84,23565,154

Increase (decrease) in consumption tax payable

44,882(21,911)(66,793)

Others39,700(18,372)(58,073)

2,311,754
6,149

2,440,188
29,458

128,434
23,309

-

(683)

(683)

(622,561)(985,174)(362,613)

1,695,342

1,483,788(211,553)(3,773)6,257(818,179)-(814,405)(6,257)

Payments for purchases of tangible fixed assets(57,852)(107,414)(49,562)

Payments for purchases of software(153,989)(179,877)(25,888)

Payments for deposit(69,279)(149,264)(79,985)

9,146

881

(8,264)(269,490)(1,253,854)(984,363)(350,381)
38,214800,000(800,000)(331,656)
1,934

800,000(800,000)
18,724(36,279)(312,167)(329,722)(17,554)

SubtotalInterest income
Interest expenses
Taxes paid
Net cash provided by operating activities
Ⅱ Investing activities
Payments for purchases of investment securities
Proceed from sale or refund of investment securities

OthersNet cash used in investing activities
Ⅲ Financing activities
Increase in short-term loans payable
Repayment of short-term loans payable
Cash dividends paid
Proceeds from issuance of new share
Net cash used in financing activities
Ⅳ Effect of exchange rate changes on cash and cash
equivalents
Ⅴ Net increase (decrease) in cash and cash equivalents

14,096(16,334)(30,431)

1,127,781(116,121)(1,243,903)

Ⅵ Cash and cash equivalents , Beginning of year

2,485,391

3,613,173

1,127,781

Ⅶ Cash and cash equivalents , End of year

3,613,173

3,497,051(116,121)-8-

(Per share information)(Yen)
Net assets per share
Net income per share
Fully diluted net income per share

June 30, 2007

June 30, 2008

35,953.11
8,293.19
8,220.60

41,952.87
9,084.89
9,083.24(Note) The basic facts underlying calculations of net income per share are as follows.
(Thousands of yen)
Net income
Amount not attributable to common shareholders
Net income per common share
Average number of shares outstanding during term
(number of shares)

Supplementary Information
Description

June 30, 2007
1,056,749
1,056,749

June 30, 2008
1,167,967
1,167,967

127,424

128,562(Thousands of yen)

June 30, 2008
AmountIncrease(Decrease)%

Automatic research

4,411,926

16.6

Tabulation

379,858

33.0

Analysis
Customized research

683,838
629,164

43.9
(4.5)

Global research

930,559

16.4

Mobile research

81,497

32.3

Other

296,376

(9.9)

Total

7,413,322

16.0

Note: Consumption tax is excluded from the amounts.

-9-

Non-Consolidated Balance sheets
Description(Thousands of yen)
As of June 30, 2007
AmountIncrease(Decrease)

As of June 30, 2008%

Amount%Amount（Assets）
Ⅰ Current assets
1. Cash and deposits
2. Notes

2,049,789
44,11742,995(1,121)

3. Accounts receivable

980,544

1,123,644

143,100

4. Securities

999,825-(999,825)

276

4,677

4,400

5. Work in Progress

2,852,420

802,630

6. Inventories

1,738

2,583

845

7. Prepaid Expenses
8. Deferred tax assets

55,21381,39526,182

175,682

222,70747,024

1,093

19,57518,481(1,601)(1,800)(199)

9. Others
Allowance for doubtful accounts
Total current assets
Ⅱ Fixed assets
1. Tangible fixed assets(1) Buildings

4,306,679

72,138

Accumulated depreciation(2) Furniture and fixtures

239,477

Accumulated depreciation(113,546)(25,013)

4,348,198

63.4

41,51872,401
47,124(33,098)

39,303(7,821)

133,620

7,689

1,832

(1,129)303,098
125,930(3) Construction in progress
Total tangible assets
2. Intangible fixed assets

73.1(170,366)

2,962
176,0173.0

174,756

2.6(1,261)(1) Goodwill

220

170

(50)

(2) Software

366,620

404,960

38,339(3) Software in progress
Total intangible assets
3. Investments and other assets(1) Investment securities

10,833
377,674

14,425
6.4

78,306

419,556

3,591
6.1

794,21441,881
715,908(2) Stock of affiliated company

811,250

811,250-(3) Deposit and guarantee

136,877

272,724

135,847

2,320

37,26534,944(4) Deferred tax assets
Total investments and other assets
Total fixed assets
Total assets

1,028,753

17.5

1,915,453

27.9

886,700

1,582,445

26.9

2,509,766

36.6

927,320

5,889,125

100.0

6,857,965

100.0

968,839- 10 -

Description

As of June 30, 2007
AmountIncrease(Decrease)

As of June 30, 2008%

Amount%Amount（Liabilities）
Ⅰ Current Liabilities
1. Accounts payable
2. Accrued expenses

245,852
19,28813,503(5,785)

3. Income taxes payable522,255

496,578(25,676)

4. Consumption tax payable

78,46956,109(22,360)-

39,06339,063

6. Allowance for panelists-points

329,491

435,469

105,977

7. Others

44,477

13,902(30,575)

5. Advance received

Total current liabilities

324,430

78,577

1,239,835

21.1

1,379,056

20.1

139,221

1,239,835

21.1

1,379,056

20.1

139,221

1. Common stock

928,61615.8

930,358

13.6

1,741

2. Capital surplus(1) Legal capital surplus

963,539

Total liabilities（Net assets）
Ⅰ Shareholders’ equity

Total capital surplus
3. Retained earnings

963,539

963,89916.3

963,899

360
14.0

360

(1) Other retained earnings
Retained earnings brought forward
Total retained earnings
Total shareholders’ equity
Ⅱ Valuation and translation adjustments

2,745,007

2,745,007

3,605,949

3,605,949

860,9422,745,007

46.6

3,605,949

52.6

860,942

4,637,16478.7

5,500,207

80.2

863,043

1. Valuation difference on
available-for-sale securities-

Total Valuation andtranslation adjustments--(51,613)(0.7)(51,613)

12,1250.2

30,3140.4

18,188

Ⅲ Stock acquisition rights(51,613)(51,613)

Total net assets

4,649,290

78.9

5,478,908

79.9

829,618

Total liabilities and net assets

5,889,125

100.0

6,857,965

100.0

968,839- 11 -

Non-Consolidated Statements of income
Description(Thousands of yen)
As of June 30, 2007
AmountⅠ Net Sales
Ⅱ Cost of sales
Gross profit
Ⅲ Selling, general andadministrative expenses
Operating income
Ⅳ Non-operating income%

Amount5,434,767

100.0

%

Amount
6,372,143

100.0

937,375

2,263,121

41.6

2,783,731

43.7

520,610

3,171,646

58.4

3,588,411

56.3

416,765

1,318,313

24.3

1,582,140

24.8

263,827

1,853,333

34.1

2,006,271

31.5

152,938

36,0960.6

26,673

10,7030.2

5,183

2,031,664

31.9

174,428315

0.0(4,143)2,031,348

31.9

178,572

836,276

13.1

71,166

1,195,072

18.8

107,405

1. Interest income
2. Interest income on securities

1,595

4,869

4,774

29,123

3. Gains on sales of investments in securities

1,967

-

4. Others

1,086

Ⅴ Non-operating expenses
1. Interest expenses
2. Loss on transfer of accounts receivable
3. Loss on cancellation ofleasehold contracts
4. Others
Ordinary income
Ⅵ Extraordinary losses
1. Losses on disposal of fixed assets
Income before income taxes
and minority interests
Income taxes – current
Income taxes – deferred
Net income

9,423

0.2

2,103

-

683

4,800

6,320

-

3,532

719

5,520

0.1

1,857,236

34.2

4,459

0.1

1,852,776

34.1

765,10914.1

1,087,666

20.0

4,459

798,949(33,839)

Increase(Decrease)

As of June 30, 2008

166

315

882,821- 12 -(46,544)