Financial Highlights
1. CONSOLIDATED FINANCIAL RESULTS OF EPS GROUP FOR THE THIRD QUARTER
ENDED JUNE 30, 2015(2014.10.1-2015.6.30)(UNAUDITED)(1) CONSOLIDATED OPERATING RESULTS( UNIT:JPY MILLION )Net sales
Jun-15Jun-1432,652 (30,188 (Jun-15
Jun-148.2% )13.0% )Net Income per Share
(yen)
42.55
33.17

Operating Income

Ordinary Income

3,597 (
2,872 (

3,707 (
2,978 (25.2% )60.3% )Net Income

24.5% )
84.9% )

1,574 (
1,176 (33.9% )201.4% )Net Income per
Share,diluted (yen)䠉䠉

Note : 1 Comprehensive income
Jun-152,330 Million yen( 64.8% )Jun-14
1,413 Million yen( ᇞ 8.6% )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 shareshows the amount based on as if share split were considered to be effective on 1st October 2013 retroactively.

(2) CONSOLIDATED FINANCIAL INFORMATION
Total Assets

Net assets

38,01234,689

22,88821,230Jun-15
Sep-14
Notes :( UNIT:JPY MILLION )Shareholders'Equity ratio (%)
59.1%
54.5%

Total shareholders' equity, valuation and translation adjustments as of :Jun-1522,455 Million yen
Sep-14
18,917 Million yen(3) CONSOLIDATED SUBSIDIARIES
Consolidated subsidiaries :Affiliated companies by equity accounting method :374companies
companies

2.OVERALL SITUATION OF DIVIDEND DISTRIBUTION( UNIT:JPY )Interim Dividend
Sep-14(Result)800.00

Sep-15(Result)(Projection)

8.00
䠉Note :Cash Dividends per share
Year end Dividend10.00

Annual䠉䠉10.00

䠉As each share of common stock has been split into 100 shares as of 1st April 2014, above year end dividendof FY2014 shows the amount after this split, in spite that interim dividend remains before split.
For reference purpose only, if such share split becomes effective as at 1st October 2013 retroactively, dividend
distribution for FY2014 may become as follows,
Sep-14 (Result)
Annual: 18.00 (Interim Dividend: 8.00, Year end Dividend: 10.00)

3. INFORMATION OF CONSOLIDATED BUDGET 2015.09 (2014.10.1-2015.9.30)

Sep-15Net sales
44,120 (5.6% )Budgeted net income per share :Ordinary Income
4,327 (2.0% )Operating Income
4,625 (3.0% )Sep-15( UNIT:JPY MILLION )Net Income
1,937 (6.0% )50.93 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 :Jun-1538,426,113 sharesSep-14 36,160,000 shares(2) Common stock for treasury as of :Jun-15639,356sharesSep-14699,900shares(3) Average number of shares outstanding during the period as of :Jun-1536,999,544 sharesJun-14 35,451,300 shares

CONSOLIDATED BALANCE SHEETS
June 30, 2015 and September 30, 2014
(UNAUDITED)(IN MILLIONS, 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 30.2015

September 30.2014

13,413
8,501
754
1,105
1,065
3,006
ᇞ 70
27,776

10,680
8,613
1,067
813
695
2,702
ᇞ 25
24,547

FIXED ASSETS
Tangible䚷Assets
Intangible䚷Assets
Investments and other assets ;Investment securities
Deposits
OthersAllowance for doubtful accounts
Total investments and other assets

3,046
1,830

2,771
2,205

2,055
1,550
2,208
ᇞ 454
5,358

1,938
1,504
2,025
ᇞ 303
5,165

Total fixed assets

10,236

10,14238,012

34,689LIABILITIESCURRENT 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

1,126
1,565
704
1,307
464
8
4,875
10,049

1,040
715
444
1,757
1,130
41
4,009
9,137

LONG-TERM LIABILITIESLong-term debt
Provision for directors' retirement benefits
Net defined benefit liability
Asset retirement obligations
OthersTotal long-term liabilities

3,417
225
835
370
224
5,073

2,746
241
761
352
218
4,320

15,123

13,458

1,875
3,593
15,582
ᇞ 587
20,463

1,875
1,82614,670
ᇞ 653
17,718

ᇞ 302

ᇞ 262

2,280
13

1,461
1

1,991

1,199

Minority interests
TOTAL NET ASSETS

433
22,8882,312
21,230TOTAL LIABILITIES AND NET ASSETS

38,012

34,689TOTAL 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 䕧loss)
Unrealized gain (or 䕧loss) on
available-for-sale securities
Foreign currency translation adjustments
Remeasurements of defined benefit plans
Total accumulated other comprehensiveincome (or 䕧loss)

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
For the Third quarter ended June 30 2015 and 2014
(UNAUDITED)(IN MILLIONS, JPY)
Third quarter ended
June 30.2015

Third quarter ended
June 30.2014

NET SALESCOST OF SALES
Gross profit

32,652
23,254
9,397

30,18821,5098,679

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
Operating income

5,799
3,597

5,806
2,872

Provision for allowance for doubtful accounts
Foreign exchange gain or loss (䕧loss)
Gain or loss of equity in associated companies (䕧 loss)
Gain on bargain purchase
Impairment loss on investment securities
Impairment loss
Others- net
Other income (䕧expenses)-net
Income before income taxes and minority interests

61
ᇞ 25
176
ᇞ 151
ᇞ 72
ᇞ 91
17
ᇞ 11
ᇞ 294
213
ᇞ 179
3,418

35
ᇞ 25
䠉
䠉
䕧0
ᇞ9
䠉
ᇞ 26
䠉
122
96
2,968

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

1,653
250
1,904
1,513
ᇞ 61
1,574

1,239
334
1,574
1,394
218
1,176

Income before minority interests

1,513

1,394

ᇞ 39748
12

ᇞ 163
213
䠉

95

ᇞ 30816
2,330

191,4132,365
ᇞ 351,181232

OTHER INCOME (䕧EXPENSES)Interest income
Interest expenses
Gain on comsumption tax filing

OTHER COMPREHENSIVE INCOME
Unrealized gain (or 䕧loss) on available-for-sale securities
Foreign currency translation adjustments
Remeasurements of defined benefit plans
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 2015
(UNAUDITED)(1) RESULT OF ORDER ENTRY
2015.06<2014.10.1-2015.6.30>
DIVISIONAMOUNT OF ORDER ENTRY(IN MILLIONS, JPY )Domestic CRO
Monitoring
Data Management
CRO others
TOTAL OF CRO
Domestic SMO
Domestic CSO
Global Research Business
China Business
Others
TOTAL

year-to-yearcomparison (%)

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

97.6%
119.9%
77.8%
102.5%
123.6%
132.5%
257.9%
112.2%
69.7%
114.9%

19,01515,751
1,852
36,618
8,750
5,685
5,527
74
122
56,778101.3%
116.2%
68.9%
104.6%
117.9%131.8%
184.9%
27.5%
81.1%
113.2%

11,0217,476
1,707
20,206
5,477
5,959
3,276
2,951
706
38,577* These figures are expressed by sales price.
* These above figures do not include the consumption tax.

(2) RESULT OF SALES
2015.06<2014.10.1-2015.6.30>

DIVISIONAMOUNT OF SALES(IN MILLIONS, JPY )Domestic CRO
Monitoring
Data Management
CRO others
TOTAL OF CRO
Domestic SMO
Domestic CSO
Global Research Business
China Business
Others
TOTAL

year-to-year comparison (%)

9,842
5,994
1,685
17,523
4,768
5,038
1,676
2,928718
32,652

99.5%
109.6%
104.2%
103.2%
112.7%
117.5%
131.1%
121.0%
72.7%
108.2%* These above figures do not include the consumption tax.

INDUSTRY SEGMENT INFORMATION
For the Third quarter ended June 30 2015 and 2014
(UNAUDITED)FY 2015 (2014.10.1-2015.6.30)(IN MILLIONS, JPY)

DomesticCRO

Domestic
SMO

Domestic
CSO

GlobalResearchBusiness

17,523634
18,157
4,118

4,768
17
4,786
478

5,038
27
5,065
294

1,676
40
1,716
(201)

SALES
Sales to customers
Intersegment sales
Total
Operating income

China
Business

2,928
162,944(163)

Others

718
896
1,614
(149)

Total

32,652
1,633
34,285
4,376

Eliminations/Corporate

Consolidation

䠉(1,633)(1,633)(779)

32,652
䠉
32,652
3,597* As we have become Holding Company as from 1 Jan, 2015, non-attributable corporate expenses related to the company are not distributed to each segment.
In this regard, operating income of 䕧779 million yen under "Eliminations/ Corporate" consists of elimination of inter-segment and above non-attributable expenses.
* These above figures under "Others" consist of the figures of "BPO" and "Other business".

FY 2014 (2013.10.1-2014.6.30)

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

DomesticCRO

Domestic
SMO

Domestic
CSO

GlobalResearchBusiness

16,983628
17,611
2,513

4,231
572
4,803
740

4,286
64
4,350
168

1,278
185
1,463(291)

China
Business

2,420
462,467(188)

Others988
596
1,584(89)

Total

30,1882,093
32,282
2,853* Operating income of 18 million 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䠉(2,093)(2,093)18

30,188
䠉
30,1882,872