Detailed Presentation of Performance
Fiscal Year Ended March 31, 2007

May 17, 2007

— Contents —1. Consolidated Statements of Income (Comparisons with Previous Fiscal Year)3

2. Consolidated Statements of Income by Company (Comparisons with Previous Fiscal Year)4

3. Consolidated Statements of Income (Comparisons with Projections)5

4. Consolidated Statements of Income by Company (Comparisons with Projections)6

5. Consolidated Balance Sheets

7

6. Consolidated Cash Flows8

7. Cost Reductions from Management Improvement Measures including Management Integration

9

8. Trends in Important Financial Indicators (COMSYS Holdings and Nippon COMSYS Non-Consolidated)

10

9. Performance Projections for the Fiscal Year ending March 31, 200811

1. Consolidated Statements of Income (Comparisons with Previous Fiscal Year)(Unit: ¥100 million)

Item

Performance in Performanceprevious year
this year

Difference

Percentage
difference

Main reasons for increase/decrease

3,074

3,365

291

9.5%

• NTT (-4: Access 45, Network -49), DoCoMo (170), NCC (73)
IT solutions (71), Social system (-3), Other (-16)

2,706

2,950244

9.0%• Cost of sales ratio (From 88.0% to 87.7%; down 0.3 percentage point)

Gross Profits

3684144612.5%• Gross profit margin (From 12.0% to 12.3%; up 0.3 percentage point,• Improvement of approximately ¥1 billion)

Selling, General and Administrative Expenses

205

222

178.3%

Operating Income

163

192

2917.8%• Operating margin (From 5.3% to 5.7%; up 0.4 percentage point)

Other Income

2519-6-24.0%• Previous year: Amortization of Kokusai Densetsu negative goodwill (2.1 posted under other income)• This year: Amortization of Daido and Ishimatsu goodwill (-3.2 a debit from other income)

Other Expenses

10-1—187

211

2412.8%• Recurring profit margin (From 6.1% to 6.3%; up 0.2 percentage point)

820

12150.0%• Gain on sales of fixed assets (7.4), Gain on sale of investment in securities (4.3)

Net Sales
Cost of Sales

Recurring Profit

Extraordinary Profit

Extraordinary LossNet Income• Special measures, including kaizen (5.8), Classification of bonuses for directors as expenses (2.4), Staff salaries (3.0)• New systems (1.5), Advertising expenses (1), Consolidation of Kokusai Densetsu, Co., Ltd. (1), other (2.3)• Reduction in interest expenses (-0.4)

3136516.1%• Lump-sum payment on withdrawal from fund (7.9), Write-down of investments in securities (5.4)• Valuation loss on investments (4.5), Impairment loss on real-estate for sale (4.2), Valuation loss on inventory (2.5)• Allowance for doubtful receivables (-8.8 Previous year: Heisei Denden Co., Ltd. 8.8)
• Special payments on employees’ retirement (-7.3), Loss on disposal of fixed assets (-3.0)

100

123

2323.0%• Net profit margin (From 3.3% to 3.7%; up 0.4 percentage point)32. Consolidated Statements of Income by Company(Comparisons with Previous Fiscal Year)(Unit: ¥100 million)

SANCOM-G

COMSYS-G
Item

TOSYS-G

Performance inprevious year

Performance
this year

Difference

Performance inprevious year

Performance
this year

Difference

Performance inprevious year

Performance
this year

Difference

2,361

2,572

211

570

637

67

283

295

12

2,069

2,253

184

521

570

49252

264

12292

319

27

48

66

1830

31

1

(12.4%)(12.4%)( — )(8.5%)(10.4%)(1.9P)(10.8%)(10.5%)(-0.3P)

Selling, General and Administrative Expenses

147

163

16353832422-2Operating Income

14415511132714583(6.1%)(6.1%)( — )(2.3%)(4.3%)(2.0P)(2.0%)(3.0%)(1.0P)

Other Income

23

19

-4

10

-1000

Other Expenses

000

10-1000

166

174

81327

14

693(7.1%)(6.8%)(-0.3P)(2.3%)(4.3%)(2.0P)(2.2%)(3.2%)(1.0P)

Extraordinary Profit

51053850

11Extraordinary Loss

26

22

-4682

1

1090

96

6518

13

242(3.8%)(3.8%)( — )(1.0%)(2.8%)(1.8P)(0.8%)(1.4%)(0.6P)Net Sales
Cost of Sales
Gross Profits(Gross Profit Margin)(Operating Margin)

Recurring Profit(Recurring Profit Margin)

Net Income(Net Profit Margin)4

3. Consolidated Statements of Income (Comparisons with Projections)(Unit: ¥100 million)(November 14, 2006)

Performance
this year

Difference

Percentage
difference

Main reasons for increase/decrease

3,250

3,365

115

3.5%

• NTT (-17: Access -13, Network -4), DoCoMo (123), NCC (20)
IT solutions (-32), Social system (1), Other (20)

2,850

2,950

1003.5%• Cost of sales ratio (From 87.7% to 87.7%)

Gross Profits

400414143.5%• Gross profit margin (From 12.3% to 12.3%)

Selling, General and Administrative Expenses

220

222

20.9%

• Kaizen and other special measures (4), Cost reductions (-2)

Operating Income

180

192

126.7%• Operating margin (From 5.5% to 5.7%; up 0.2 percentage point)

Other Income

2119-2-9.5%• Amortization of Daido and Ishimatsu goodwill (-3.2), Foreign exchange gains (1.8)

Other Expenses

10-1—200211

115.5%

Extraordinary Profit

1720

317.6%• Insurance repayment (2.3)

Extraordinary Loss1936

1789.5%• Valuation loss on investments (4.5), Impairment loss on real-estate for sale (4.2)• Allowance for doubtful receivables (3.0), Write-down of investments in securities (3.0)• Valuation loss on inventory (2.5)

120

123

32.5%

Item

Net Sales

Cost of Sales

Recurring Profit

Net IncomeProjection• Interest expenses and other (-0.6)• Recurring profit margin (From 6.2% to 6.3%; up 0.1 percentage point)• Net profit margin (From 3.7% to 3.7%)

5

4. Consolidated Statements of Income by Company(Comparisons with Projections)(Unit: ¥100 million)

SANCOM-G

COMSYS-G
Item(November 14, 2006)

Performance
this year

Difference

2,470

2,572

2,162

TOSYS-G(November 14, 2006)

Performance
this year

Difference

102620

637

2,253

91

561

308

319

11(12.5%)(12.4%)

Selling, General and Administrative Expenses

157

Operating Income(November 14, 2006)

Performance
this year

Difference

17300

295-5570

9266

264-258

66

8

34

31-3

(-0.1P)(9.5%)(10.4%)(0.9P)(11.3%)

163

637

38

12522-3151

155

42127

68

80

(6.1%)(6.1%)( — )(3.5%)(4.3%)(0.8P)(2.8%)(3.0%)(0.2P)

Other Income

2019-1000000

Other Expenses

000000000171

174

32127

6891

(6.9%)(6.8%)(-0.1P)(3.5%)(4.3%)(0.8P)(3.0%)(3.2%)(0.2P)

Extraordinary Profit

8102880110

Extraordinary Loss

11221178

101

1101

96

-514

18

454-1

(4.1%)(3.8%)(-0.3P)(2.3%)(2.8%)(0.5P)(1.7%)Net Sales
Cost of Sales
Gross Profits(Gross Profit Margin)(Operating Margin)

Recurring Profit(Recurring Profit Margin)

Net Income(Net Profit Margin)

Projection

Projection

Projection(10.5%) (-0.8P)(1.4%) (-0.3P)

6

5. Consolidated Balance Sheets
ASSETSLIABILITIES AND NET ASSETS(Unit: ¥100 million)

2,299

+91

2,207

(Unit: ¥100 million)
+91

2,299

2,207
(+36)

Current
Liabilities

(+84)

681

Current Assets

1,513• Cash and cash equivalents +73• Accumulated cost ofconstruction in progress• Other

1,598• Income taxes payable+36• Accounts payable—Trade+23• Other+41• Repayment of short-term debt-29• Advances received onconstruction in progress-35

717+14-3(-30)

Long-Term
Liabilities

141(+7)

Fixed Assets

694• Property and equipment+2• Intangible assets+4-2• Long-term debt

• Accrued severance indemnities -5• Deferred income taxes-8• Negative goodwill-15(+85)• Prepaid pension expenses +15• Other+3701• Investment securities

Net Assets

1,384• Long-term loans receivable -11-6• Retained earnings+101• Unrealized gain (loss)
on securities-3• Treasury stock, at cost

-13

[62.1%]
As of March 31, 2006111

As of March 31, 2007

As of March 31, 2006

1,470

[63.4%]
Figures in brackets represent
the equity ratio.

As of March 31, 2007

7

6. Consolidated Cash Flows+185(Unit: ¥100 million)-55
Cash Flows from
Investing Activities

Cash Flows fromOperating Activities• Acquisition and sale of assets-57• Acquisition and sale of securities-3• Expenses for business acquisitions -4358

Cash andCash Equivalents
at Beginning of Year-66

• Income before income taxes
and other adjustments
to net income

194• Increase in payables—trade49• Cash and cash equivalents
paid for income taxes-46• Other-12(As of March 31, 2006)• Other-3• Collection of long-term loans

12Cash Flows from
Financing Activities• Repayment of long-term debt

-33

• Cash dividends paid

-21

• Acquisitions of treasury stock-12424*

Cash andCash Equivalents
at End of Year+66(As of March 31, 2007)

Important Indicators• Free cash flows

Previous Year¥4.0 billion (+9.0)

This Year¥13.0 billion• Interest-Bearing Debt

¥3.6 billion(-3.2)¥0.4 billion• Capital Expenditure¥4.8 billion(+2.4)¥7.2 billion* Includes a cash increase of ¥200 million* that resulted from the amalgamation* of subsidiaries.

Koenji Building, TS land and buildings,
procurement of software, etc.

8

7. Cost Reductions from Management Improvement Measures
including Management Integration(Unit: ¥ billion)(Reference)

Amount of reduction and achievement ratio
Item(Achievement ratio)

Annual target

Principal measures

Cumulative total value
four years aftermanagement integration

100%
Personnel
costs-¥0.2 billion[-¥0.1 billion](100%)-0.2[-0.1]

Tokyo metropolitan area subcontractor reorganization, subcontractor merger
by absorption, and progress with the outplacement assistance system-4.0[-0.7]

Materials
costs-¥0.4 billion[-¥0.4 billion](133%)-0.3[-0.3]

Reduction of materials costs through expanding the purview ofcentralized purchasing
Enhancement of price negotiation supervisors’ capacity, strict standards
for selection of suppliers-2.6[-2.6]

Subcontracting
costs-¥0.4 billion[-¥0.2 billion](100%)-0.4[-0.2]

Re-examination of division of business responsibilities with subcontractors-4.2[-0.7]

Operatingcosts, etc.

-¥0.4 billion[-¥0.1 billion](133%)-0.3[-0.2]

Total-¥1.4 billion[-¥0.8 billion](117%)-1.2[-0.8]

Reduction of operating costs through expanded outsourcing of joint operations
Reduction of interest-bearing liabilities through CMS—

-3.3[-1.4]-14.2[-5.4]* Figures in brackets represent the reposting of the amount of reductions resulting from management integration measures.
Figures in parentheses represent the amount by which costs were reduced in terms of the percentage of targets already achieved.

98. Trends in Important Financial Indicators(COMSYS Holdings and Nippon COMSYS Non-Consolidated)
RISE IN NET SALS AND COST OF SALESCOST EFFICIENCY(Nippon COMSYS Non-Consolidated)(Nippon COMSYS Non-Consolidated)(Unit: ¥100 million)(Percentage difference)

2,177
233

Net Sales(+200)

2,377 9.2%

Gross Profits(+26)

2,118 9.0%

1,944

Cost of Sales(+174)

1,380

Subcontracting costs(+133)(%)

Share of Various Costs within Total Cost of Sales

10025975

71.0

1,513 9.6%

Subcontracting costs ratio+0.4 percentage points

71.4

10.6

Materials costs ratio —10.6

11.3

Personnel costs ratio -0.4

10.9

Operating costs ratio —7.150
Breakdownof costof sales25

224 8.7%
Materials costs

206(18)220

Personnel costs (+11)

138

Operating costs (+12)

FY March 31, 2006

231 5.0%
150 8.7%

7.10(*Including costs of subsidiary businesses)

FY March 31, 2007

FY March 31, 2006

FY March 31, 2007

STOCK-RELATED INDICATORS(COMSYS Holdings)

PER

X

ESP

PBR

=X

BSP

Common Stock Price

Ratio of Foreign
Shareholders(Price/Earnings Ratio)(Primary Earnings per Share)(Price/Book Value Ratio)(Book Value per Share)[ FY March 31, 2007 ]14.5 times(16.0 times)¥87(¥79)

1.2 times¥1,034(March 31)(March 31)¥1,26528.5%[ FY March 31, 2006 ]24.1 times(29.0 times)¥70(¥58)

1.7 times¥965(March 31)(March 31)¥1,68128.9%

Note: Figures in parentheses are exclusive of negative goodwill (consolidation adjustment).

10

9. Performance Projections for the Fiscal Year ending March 31, 2008
(Unit: ¥100 million)
Performance
this year(FY March 2007)

Breakdown

TotalNTT Business

3,365
2,006

Forecasts forthe next year
(FY March 2008)3,400
1,910

Difference

35—-96• Reduction in revenues resulting from the significant reduction in investments• by DoCoMo• Increase in access resulting from the increase in B FLET’S• Networks declined slightly• Increase in peripheral businesses

38• Increase in fixed and mobile communications construction based on• the prediction of strong capital investments by the NCCs
• Strengthening project execution systems nationwide

57• Expanding revenues through the commercialization of• construction works, centered on NI• Increasing sales of COMSYS brand products• Strengthening marketing and SE capabilities (upgrading skills)• Reinforcing project execution and maintenance systems that cover the entire country• Strengthening ties with partner companies• Bolstering the marketing of infrastructure• Intensifying marketing to regional governments in cooperation with branches• Opening new markets (Entering the PFI business)(NTT DoCoMo)

Net Sales

NCC Business

IT Solutions Business

332

378

370

435

Main reasons for increase/decrease

IncomeConstruction Business

646

685

39

Gross Profits

414

417

3

(Gross Profit Margin)(12.3%)(12.3%)(—)

Operating Income192

195

3(Operating Margin)(5.7%)(5.7%)(—)[ DoCoMo’s measures to recover from decline in profitability ]• Rising productivity as a result of the expansion and ingraining of• COMSYS-style kaizen (improvement) (Workplace improvements for• extensive use of IT and enhanced efficiency, etc.)• Increased profits as a result of growing sales to NCCs
• Eliminate unprofitable projects (IT solutions, construction)• Strategic investment and reduction of expenses• Elimination and consolidation of consolidated subsidiaries

11