Financial Highlights
1. CONSOLIDATED FINANCIAL RESULTS OF EPS GROUP FOR THE THIRD QUARTER
ENDED JUNE 30, 2010(2009.10.1-2010.06.30)(UNAUDITED)(1) CONSOLIDATED OPERATING RESULTS( UNIT:JPY MILLION )Net sales
Jun-10
Jun-0921,572 (17,142 (25.8% )－ )Jun-10
Jun-09Net Income per Share(yen)
10,062.35
11,613.55

Operating Income

Ordinary Income

3,407 (
2,741 (

3,416 (
2,768 (24.3% )－ )Net Income

23.4% )
－ )1,799 (
1,038 (73.3% )－ )Net Income perShare,diluted (yen)10,054.05
11,605.83

Note : 1 Percentages for net sales, operating income, ordinary income, and net income indicate growth ratio
to previous year.
2 As each share of common stock has been split into 2 shares as of 1st April 2010, net income and diluted net income
per share as of Jun-2010 shows the amount based on as If share split were considered to be effective on 1stOctober 2009 retroactively, in spite that Sep-2009 shows before split.

(2) CONSOLIDATED FINANCIAL INFORMATION
Total Assets
Jun-10
Sep-09

Shareholders'Equity ratio (%)
64.7%
63.2%Net assets

18,67517,306

13,871
12,107( UNIT:JPY MILLION )Shareholders' Equityper share (yen)67,592.77
122,278.26

Notes :1 Total shareholders' Equity, valuation and translation adjustments as of :Jun-10 12,086 Million yen
Sep-09 10,931 Million yen
2 As each share of common stock has been split into 2 shares as of 1st April 2010, shareholders' equity per share
as of Jun-2010 shows the amount after split, in spite that Sep-2009 shows before split.

(3) CONSOLIDATED CASH FLOW INFORMATION( UNIT:JPY MILLION )Net cash provided by(used in) operating
activities
1,713
1,035

Jun-10
Jun-09(4) CONSOLIDATED SUBSIDIARIESNet cash provided by(used in) investing
activities△ 1,000△ 133

Net cash provided by(used in) financing
activities
△ 682
△ 689

Consolidated subsidiaries :Affiliated companies by equity accounting method :18
3Ending balance of cash
and cash equivalents
6,841
5,824

companies
companies

2.OVERALL SITUATION OF DIVIDEND DISTRIBUTION( UNIT:JPY )Sep-09(Result)(Result)(Projection)

Sep-10Note :

Interim Dividend
2,800.00
3,200.00―Cash Dividends per share
Year end Dividend
3,200.00―1,700.00

Annual6,000.00
4,900.00

As each share of common stock has been split into 2 shares as of 1st April 2010, 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 2009, before split.

3. INFORMATION OF CONSOLIDATED BUDGET 2010.09 (2009.10.1-2010.9.30)
Net sales
Sep-1029,438 (Ordinary Income

Operating Income
24.9% )

Budgeted net income per share :4,222 (Sep-105.3% )4,245 (4.8% )( UNIT:JPY MILLION )Net Income
2,070 (20.8% )11,581.19 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.
3 As each share of common stock has been split into 2 shares as of 1st April 2010, above budgeted net income pershare shows the amount based on as If share split were considered to be effective on 1st October 2009 retroactively.

4. OTHER INFORMATION(1) Total number of shares issued and outstanding as of :Jun-10180,800

sharesSep-0990,400sharesSep-091,000

shares(2) Common stock for treasury as of :Jun-10

1,980

shares(3) Average number of shares outstanding during the period as of :Jun-10Note :

178,807

sharesJun-0989,400sharesAs each share of common stock has been split into 2 shares as of 1st April 2010, above numbers of shares as ofJune-2010 shows after split, in spite that Sep-2009 shows before split.

CONSOLIDATED BALANCE SHEETS
June 30, 2010 and September 30, 2009
(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

June 30.2010

September 30.2009

7,044,680
5,226,002
286,186
449,286
1,063,837△ 2,168
14,067,824

6,607,331
5,211,905
231,824
253,598
1,140,119△ 2,108
13,442,670

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

575,801
913,008

445,165
364,189

619,744
1,178,663
1,320,660
3,119,069

881,700
1,012,144
1,160,990
3,054,836

Total fixed assets

4,607,879

3,864,190

18,675,704

17,306,861

246,993242,500
50,000480,947
634,871
115,200
2,370,769
4,141,281

204,226
150,000
200,000
944,772
1,145,169
75,6501,899,275
4,619,093

350,575
269,188
43,040662,803

307,137
247,397
25,378579,9124,804,085

5,199,006

1,875,251
1,826,100
8,884,920△ 318,223
12,268,049

1,875,251
1,825,431
7,657,862△ 321,437
11,037,108△ 117,946△ 39,782

TOTAL ASSETSLIABILITIESCURRENT 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
LONG-TERM LIABILITIESProvision for employees' retirement benefits
Provision for directors' retirement benefits
OthersTotal long-term liabilitiesTOTAL LIABILITIESNET ASSETS
Shareholders' equity
Common stock
Additional paid-in capital
Retained earnings
Common stock for treasury
Total shareholders' equity
Valuation and translation adjustments
Unrealized gain (or △loss) on
available-for-sale securities
Deferred gain (or △loss) on hedges
Foreign currency translation adjustments
Total valuation and translation adjustments―△ 63,163△ 181,109△2△ 65,647△ 105,431

Share option in consolidated subsidiary
Minority interests
TOTAL NET ASSETS

6,528
1,778,151
13,871,618―
1,176,178
12,107,854

TOTAL LIABILITIES AND NET ASSETS

18,675,704

17,306,861

CONSOLIDATED STATEMENTS OF INCOME
For the Third quarter ended June 30 2010 and 2009
(UNAUDITED)(IN THOUSANDS,JPY)
Third quarter ended
June 30.2010

Third quarter ended
June 30.2009

NET SALESCOST OF SALES
Gross profit

21,572,378
14,629,242
6,943,135

17,142,641
11,792,320
5,350,321

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
Operating income

3,535,229
3,407,906

2,608,900
2,741,420

OTHER INCOME (EXPENSES)Interest income
Interest expenses
Foreign exchange gain or loss (△loss)
Gain on cancellation of insurance
Gain on sale of investments in securities
Gain on change in equity by merger of consolidated subsidiary
Refund of insurance surrender
Loss on sales and disposal of property and equipment
Loss on devaluation of investment in securities
Impairment loss on goodwill
Others- net
Other income (expenses)-net
Income before income taxes and minority interests

14,303△ 7,155△ 51,012
16,792―
34,961
25,320△ 12,643△ 46,120△ 10,000
48,411
12,8583,420,764

20,729△ 7,466△ 7,026―
52,842――△ 18,166△ 108,513△ 125,666
11,079△ 182,188
2,559,232

INCOME TAXES
Current
Deferred
Total
MINORITY INTERESTSNET INCOME

1,286,351
268,033
1,554,385
67,161
1,799,218

836,208
628,301
1,464,509
56,4701,038,251

CONSOLIDATED STATEMENTS OF CASH FLOWSFor the Third quarter ended June 30 2010 and 2009
(UNAUDITED)(IN THOUSANDS,JPY)

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
Impairment loss on goodwill
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 income
Interest expense
Gain (or △loss) on sale of investments in securities (-net)
Loss on devaluation of investment in securities
Gain (or △loss) on sales and disposal of property and equipment (-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 deposits
Disbursements for purchase of tangible fixed assets
Disbursements for purchase of intangible fixed assets
Payment for purchase of investments securities
Proceeds from sales and maturity of investments securities
Payment for deposit for rent office and othersPurchase of investments in subsidiaries resulting in change in scope ofconsolidation
Proceeds from purchase of investments in capital of subsidiaries resultingin change in scope of consolidation
Payment for acquisition of business
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
Proceeds from capital increase by minority stockholders
Dividends paid
Dividends paid for minority stock holders
Others , NetNet 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
INCREASE IN CASH AND CASH EQUIVALENTS BY MERGER OF CONSOLIDATED SUBSIDIARYENDING OF BALANCE,CASH AND CASH EQUIVALENTS

Third quarter ended
June 30.2010

Third quarter ended
June 30.2009

3,420,764

2,559,232

299,670
10,000△ 510,299
3,327
2,684
△ 17,003
7,155－46,120
12,643203,305
125,666△ 663,460
12,51520,948△ 23,429
7,466△ 52,842
108,513
17,462

240,751△ 241,360
6,785
290,614△ 146,987
3,424,868
19,840△ 7,155△ 1,723,568
1,713,983

506,272△ 107,891△ 18,760
209,935△ 171
2,904,761
28,631△ 7,466△ 1,890,809
1,035,117△ 204,058
150,497△ 158,251△ 105,266－－△ 159,925－－△ 142,694△ 28,058△ 113,519
460,892△ 115,672－

72,975△ 71,000△ 50,732△ 1,000,779△ 213,753△ 53,587△ 133,418

220,000△ 157,500△ 150,000－△ 559,578△ 18,078△ 17,739△ 682,896△ 1,578
28,7296,607,331
205,600
6,841,661－－△ 155,700
9,942△ 510,659△ 31,661△ 1,165△ 689,244△ 26,864
185,591
5,638,984－
5,824,575△ 402,041－

STATEMENT OF ORDER ENTRY AND SALES BY ITEMSFor the Third quarter ended June 30 2010
(UNAUDITED)(1) RESULT OF ORDER ENTRY
2010.06<2009.10.1-2010.6.30>

DIVISIONAMOUNT OF ORDER ENTRY(IN THOUSANDS, JPY )CRO
Monitoring
Data Management

year-to-yearcomparison (%)

4,719,915
5,494,535
4,490,803
14,705,254
3,702,299
657,905
1,079,370
20,144,830

CRO others

TOTAL OF CRO
SMO
Preclinical Service
System Development
TOTAL

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

9,285,863
13,686,872
3,695,570
26,668,305
4,834,535
112,863
210,630
31,826,335

116.1
85.3
254.7
119.8
119.4
94.3
82.1
115.9

86.1
98.3
470.4
104.6
116.6
348.6
68.0
106.2

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

(2) RESULT OF SALES
2010.06<2009.10.1-2010.6.30>

DIVISIONAMOUNT OF SALES(IN THOUSANDS, JPY )CRO
Monitoring
Data Management

year-to-year comparison (%)

6,359,674
6,528,474
3,952,449
16,840,598
2,970,803
632,767
1,128,208
21,572,378

CRO others

TOTAL OF CRO
SMO
Preclinical Service
System Development
TOTAL

110.6
126.2
238.1
133.8
123.2
81.1
82.6
125.8

* These above figures do not include the consumption tax.

INDUSTRY SEGMENT INFORMATION
For the Third quarter ended June 30 2010 and 2009
(UNAUDITED)2010 (2009.10.1-2010.6.30)

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

16,840,598
15,066
16,855,665
3,095,118

2,970,803
2,265
2,973,068
460,616

Preclinical
Service632,767
3,105
635,872(25,505)

SystemDevelopment

Total

1,128,208
93,813
1,222,022(130,810)

21,572,378
114,250
21,686,629
3,399,419

2009 (2008.10.1-2009.6.30)

SALES
Sales to customers
Intersegment sales
Total
Operating income

Eliminations/
Corporate

Consolidation－(114,250)(114,250)
8,486

21,572,378－
21,572,378
3,407,906(IN THOUSANDS, JPY)

CRO

SMO

12,585,600
16,23912,601,839
2,445,541

2,410,734－
2,410,734
308,945

Preclinical
ServiceSystem
Development

Total

780,199
3,105
783,304
31,636

1,366,107
50,207
1,416,314(53,429)

17,142,641
69,552
17,212,194
2,732,693

Eliminations/
Corporate

Consolidation－(69,552)(69,552)
8,726

17,142,641－
17,142,641
2,741,420