Year Ending September 2006

Overview of the Interim-Term Financial Results and Performance (Excerpt)
April 28, 2006
2. Operating Results and Financial Condition(a) Operating Results
Consolidated net sales for the interim term (October 1, 2005, through March 31, 2006) jumped
26.5% year over year to ¥725 million. By service segment, product sales increased 16.7% to ¥265
million, consulting sales rose 32.4% to ¥438 million and training sales soared 46.4% to ¥21 million.
The ¥38 million increase in product sales was primarily due to favorable sales of the GABand CAB aptitude tests that corporations use to screen university graduates and the Kessaibako andHURMIS internal (employee) assessment tools. The ¥107 million rise in consulting sales reflected
increased sales of Tamatebako, an Internet screening system for university graduates, the “WebAptitude Test” and other Web-based assessment tools tailored to individual customer requirements,
and internal assessment services provided by consolidated subsidiaries. The ¥6 million increase intraining sales was primarily attributable to increased revenue from interview training seminars.
Consolidated operating income for the interim term ended March 31, 2006, totaled ¥227
million, up 104.6%, or ¥116 million, from a year earlier. This significant increase was owing to a¥152 million rise in net sales, although cost of sales increased ¥14 million, or 12.6%, to ¥126 million,and selling, general and administrative expenses rose ¥21 million, or 6.3%, to ¥372 million. Major
contributors to the increase in selling, general and administrative expenses were the inclusion ofbonuses payable to directors amounting to ¥14 million and an increase of ¥5 million in sales
promotion expense.
Consolidated ordinary income for the interim term under review jumped 123.2%, or ¥126
million, from the previous year to ¥229 million, resulting from a significant increase in operating
income and a year-over-year increase of ¥2 million in non-operating income, as well as a decline of¥7 million in non-operating expenses. This decline was mainly attributable to the new stock issuing
expense for a stock split amounting to ¥4 million being recognized in the previous interim period
and investment securities (investment in a limited partnership for the investment business)
generating returns during the interim period under review.
After taking into account income taxes—current and income taxes—deferred, consolidated
net income for the interim term ended March 31, 2006, soared 155.1%, or ¥86 million, from theprevious year to ¥142 million.

Consolidated Sales by Service Segment
Term

ValueSegment(Truncated to millions)Interim Period
Previous Interim Period
from October 1, 2005, Year-Over-Year from October 1, 2004,
to March 31, 2005
to March 31, 2006
Increase
Percentage(Decrease)

Value

Percentage

Reference
Fiscal Year ended
September 30, 2005
Value

Percentage

Product¥ million
265％
36.7％
16.7

¥ million
227％
39.7

¥ million
525％
37.3

Consulting

438

60.4

32.4

331

57.8

857

60.8

Training

212.9

46.4

14

2.5

27

1.9

Total
725
100.0
26.5
573
100.0
1,411
100.0
Note: The services provided by the Group are categorized into three segments: Product, Consulting and Training. TheGroup uses its products to provide personnel assessment services, and it is not determined for which segment ofservice the products are used at the point of production. This aspect of our business makes it difficult to identify
operating expenses separately for each segment. Therefore, only the sales of each segment are disclosed.

(b) Full-Year Outlook (October 1, 2005, through September 30, 2006)
During the interim period under review, an improvement in wages and employment due to theongoing economic recovery, combined with the expected massive retirement of baby boomers in
2007, stimulated recruiting activities to acquire new university graduates and mid-career workers. In
full recognition of these circumstances, the Group intends to strengthen ties with its agents to expand
the sale of Web-based services in the recruitment market, as well as to promote the sale of internal(employee) assessment services for managerial staff.
Accordingly, consolidated net sales of ¥1,700 million (up 20.5% year over year), ordinary
income of ¥590 million (up 23.7%) and net income of ¥342 million (up 24.3%) are projected for theyear ending September 30, 2006.