Financial Highlights
1. CONSOLIDATED FINANCIAL RESULTS OF EPS GROUP FOR THE SECOND QUARTER
ENDED MARCH 31, 2013(2012.10.1-2013.3.31)(UNAUDITED)(1) CONSOLIDATED OPERATING RESULTS( UNIT:JPY MILLION )Operating Income

Net sales
Mar-13Mar-12Mar-13Mar-12

18,237 (
17,342 (5.2% )13.4% )Net Income per Share(yen)
3,756.88
6,612.85

Ordinary Income

1,741 ( △ 36.7% )2,750 (38.4% )Net Income

1,638 ( △ 37.7% )2,631 (32.0% )671 ( △ 43.2% )1,182 (64.9% )Net Income per Share,diluted (yen)－－Note : 1 Comprehensive income
Mar-13
1,505 Million yen( △ 10.8% )Mar-12
1,687 Million yen( 105.6% )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
Mar-13
Sep-12Notes :Net assets
19,063
18,43627,306
26,647( UNIT:JPY MILLION )Shareholders'Equity ratio (%)
61.2%
58.6%

Total shareholders' Equity, valuation and translation adjustments as of :Mar-13
16,715 Million yen
Sep-12
15,608 Million yen(3) CONSOLIDATED SUBSIDIARIES
Consolidated subsidiaries :Affiliated companies by equity accounting method :234companies
companies

2.OVERALL SITUATION OF DIVIDEND DISTRIBUTION( UNIT:JPY )Interim Dividend
Sep-12(Result)

1,600.00

Sep-13(Result)(Projection)

1,600.00－Note :Cash Dividends per share
Year end Dividend
1,900.00

Annual3,500.00－1,000.00

2,600.00

As each share of common stock has been split into 2 shares as of 1st April 2013, above projected year end
dividend shows the amount after this split, in spite that interim dividend remains before split. For your guidance,
the total amount of projected year end dividend per share remains unchanged from previous our projection which
was announced in November 2012, before split.

3. INFORMATION OF CONSOLIDATED BUDGET 2013.09 (2012.10.1-2013.9.30)

Sep-13

Net sales
38,521 (9.4% )Budgeted net income per share :Operating Income
4,488 ( △ 13.3% )Sep-13

6,179.19 yen

Ordinary Income
4,406 ( △ 13.5% )( UNIT:JPY MILLION )Net Income
2,210 (0.1% )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 2 shares as of 1st April 2013, above budgeted net income pershare shows the amount based on as if share split were considered to be effective on 1st October 2012 retroactively.

4. OTHER INFORMATION(1) Total number of shares issued and outstanding as of :Mar-13

180,800

sharesSep-12180,800sharesSep-12

1,974

shares

178,826

shares(2) Common stock for treasury as of :Mar-13

1,974

shares(3) Average number of shares outstanding during the period as of :Mar-13Note :

178,826

sharesMar-12

As each share of common stock has been split into 2 shares as of 1st April 2013, current number of shares issued
and outstanding and common stock for treasury become 361,600 and 3,948 shares respectively.

CONSOLIDATED BALANCE SHEETSMarch 31, 2013 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

March 31.2013

September 30.2012

8,850,087
6,792,422
871,883
542,4422,204,604△ 4,873
19,256,567

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

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

2,326,835
1,414,030

1,881,401
814,248

1,413,969
1,311,014
1,584,335
4,309,319

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

Total fixed assets

8,050,185

6,104,074

27,306,752

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

636,167
930,000
100,000
659,151894,633
16,0003,078,190
6,314,143

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
583,182
260,969
307,298
27,726
1,929,177

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

8,243,321

8,211,071

1,875,251
1,826,300
12,733,710△ 317,258
16,118,004

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

3,029△ 57,555

FIXED ASSETSTOTAL ASSETSTOTAL LIABILITIESNET ASSETS
Shareholders' equity
Common stock
Additional paid-in capitalRetained 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 comprehensiveincome (or △loss)

594,387
597,416△ 120,366△ 177,921

Minority interests
TOTAL NET ASSETS

2,348,010
19,063,431

2,828,317
18,436,341

TOTAL LIABILITIES AND NET ASSETS

27,306,752

26,647,412

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
For the Second quarter ended March 31 2013 and 2012
(UNAUDITED)(IN THOUSANDS,JPY)
Second quarter ended
March 31.2013

Second quarter ended
March 31.2012

NET SALESCOST OF SALES
Gross profit

18,237,294
13,116,979
5,120,314

17,342,947
11,295,534
6,047,412

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
Operating income

3,378,925
1,741,389

3,296,522
2,750,890

10,786△ 11,415△ 140,025
19,19250,996
17,407△ 161,962△ 74,108
1,308△ 287,820
1,453,568

4,179△ 13,468△ 118,839
12,512
6,171
62,845△ 2,951△ 65,134△ 114,683
2,636,206

615,035
192,791
807,827
645,741△ 26,086
671,828

1,295,992△ 49,112
1,246,880
1,389,326
206,776
1,182,549

645,741

1,389,326

60,584
787,737

54,700236,411

11,7376,876

860,059
1,505,801

297,988
1,687,315

1,447,166
58,634

1,471,798
215,516

OTHER INCOME (△EXPENSES)Interest income
Interest expenses
Foreign exchange gain or loss (△loss)
Gain on cancellation of insurance
Gain on sale of investment securities
Subsidy in consolidated subsidiaries
Loss on devaluation of investment securities
Business restructuring expense
Others- net
Other income (△expenses)-net
Income before income taxes and minority interests
INCOME TAXES
Current
DeferredTotal
Income before minority interests
MINORITY INTERESTSNET INCOME
Income before minority interests
OTHER 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

CONSOLIDATED STATEMENTS OF CASH FLOWSFor the Second quarter ended March 31 2013 and 2012
(UNAUDITED)(IN THOUSANDS,JPY)
Second quarter ended
March 31.2013
OPERATING ACTIVITIES:
Income before income taxes and minority interests
Adjustments to reconcile income before income taxes and minority
interests to net cash provided by operating activities:
Depreciation and amortization
Increase (△Decrease) in provision for bonuses
Increase (△Decrease) in allowance for retirement benefits for employees
Increase (△Decrease) in allowance for retirement benefits for directors
Interest and dividends incomeInterest expense
Gain (or loss) on sale of investments in securities (-net)
Gain (or loss) on devaluation of investments in securities (-net)
Changes in operating assets and liabilities:
Decrease (△Increase) in accounts receivable-trade
Decrease (△Increase) in inventories and products
Increase (△Decrease) in accounts payable -trade
Increase (△Decrease) in other current liabilities
Others , Net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities
INVESTING ACTIVITIES:Payments for time deposits
Proceeds from maturity of time depositsDisbursements for purchase of tangible fixed assets
Disbursements for purchase of intangible fixed assets
Purchase of investments securities
Payment for deposit for rent office and others
Purchase of investments in subsidiaries
Purchase of investments in subsidiaries resulting in change in scope ofconsolidation
Others , Net
Net cash provided by (used in) investing activities
FINANCING ACTIVITIES:
Proceeds from borrowing of short-term debt
Disbursements for repayment of short-term debt
Disbursements for repayment of long-term debt
Dividends paid
Dividends paid for minority shareholders
Others , Net
Net cash provided by (used in) financing activities
EFFECT OF EXCHANGE DIFFERENCE ON CASH & CASH EQUIVALENTS
NET INCREASE IN CASH AND CASH EQUIVALENTS
BEGINNING OF BALANCE,CASH AND CASH EQUIVALENTS
ENDING OF BALANCE,CASH AND CASH EQUIVALENTS

Second quarter ended
March 31.2012

1,453,568

2,636,206

277,775△ 205,836
67,184
19,305△ 12,742
11,415△ 50,996
161,962

242,426△ 72,028
39,072△ 43,495△ 5,529
13,468△ 6,171△ 2,951

578,970△ 295,104
63,770△ 343,152
36,0891,762,211
12,536△ 11,433△ 1,405,171
358,143

116,614△ 151,543△ 53,727
794,820△ 113,510
3,393,653
5,486△ 14,480△ 1,305,069
2,079,589△ 14,869
14,627△ 282,757△ 123,282△ 911,956△ 91,209△ 602,000△ 495,791
12,610△ 504,644△ 38,654△ 6,220△ 31,500△ 2,985

51,525△ 2,525,565

32,350△ 1,034,833

2,780,000△ 1,865,000△ 50,000△ 339,794△ 56,929△ 10,952
457,323
356,399△ 1,353,699
10,663,816
9,310,117

1,198,000△ 1,497,221△ 50,000△ 339,337△ 47,977
17,362△ 719,172
146,951
472,534
8,627,744
9,100,279△ 565,642－STATEMENT OF ORDER ENTRY AND SALES BY ITEMSFor the Second quarter ended March 31 2013
(UNAUDITED)(1) RESULT OF ORDER ENTRY
2013.03<2012.10.1-2013.3.31>
DIVISIONAMOUNT 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

year-to-yearcomparison (%)

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

116.5%
95.1%
141.0%
112.2%
48.1%
120.2%
289.8%
2937.1%107.0%

16,410,053
12,751,503
2,114,200
31,275,758
6,775,666
4,046,136
2,780,918
113,832
44,992,312

107.9%
94.3%
167.7%
104.3%
88.5%
110.4%
100.5%
88.4%
101.8%

6,935,227
3,989,835
2,300,653
13,225,716
1,952,005
3,001,551
1,139,382
748,883
20,067,538* These figures are expressed by sales price.
* These above figures do not include the consumption tax.

(2) RESULT OF SALES
2013.03<2012.10.1-2013.3.31>

DIVISIONAMOUNT 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 (%)

5,492,937
4,250,324
1,383,086
11,126,348
2,800,579
2,754,845
755,170
800,350
18,237,294

104.7%
102.1%
94.3%
102.3%
96.8%
90.0%
154.8%
3232.1%105.2%* These above figures do not include the consumption tax.

INDUSTRY SEGMENT INFORMATION
For the Second quarter ended March 31 2013 and 2012
(UNAUDITED)FY 2013 (2012.10.1-2013.3.31)
CRO(Domestic)
SALES
Sales to customers
11,126,348
Intersegment sales
214,746
Total
11,341,095
Operating income
1,882,240(IN THOUSANDS, JPY)

SMO
(Domestic)

CSO(Domestic)

2,800,579
2,230
2,802,809
56,7032,754,845
32,0402,786,885
32,375GlobalResearch
755,170
56,124
811,294(1,611)China
Business

Total

800,350 18,237,294
93,919399,059894,269 18,636,354(231,113) 1,738,593

Eliminations/
Corporate

Consolidation－ 18,237,294(399,059)－(399,059) 18,237,294
2,795
1,741,389* Operating income of 2,795 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 belonged
to "CRO" business in previous year. Reclassified segment information of the same period in previous year is as follows:

FY 2012 (2011.10.1-2012.3.31)
CRO(Domestic)
SALES
Sales to customers
10,876,152
Intersegment sales
99,511
Total
10,975,663
Operating income
2,248,556(IN THOUSANDS, JPY)

SMO
(Domestic)

CSO(Domestic)

2,891,772
2,891,772
359,193

3,062,464
15,2483,077,712
413,517

GlobalResearch
487,795
42,439530,234(12,063)

China
Business

Total

24,762 17,342,947
85,464
242,663
110,226 17,585,610(262,801) 2,746,402

Eliminations/Corporate

Consolidation－ 17,342,947(242,663)－(242,663) 17,342,947
4,488
2,750,890* Operating income of 4,488 thousand yen under "Eliminations/ Corporate" consists of elimination of inter-segment and other transactions.