February 8, 2013

COMSYS Holdings Corporation
Consolidated Financial Results for the Third Quarter Ended December 31, 2012
Under Japanese GAAP
Head Ofﬁce:
17-1, Higashigotanda 2-chome, Shinagawa-ku, Tokyo 141-8647, Japan
Stock Exchange Listings: First Section of Tokyo Stock Exchange and Osaka Securities Exchange (Securities code: 1721)
URL:
http://www.comsys-hd.co.jp
Representative:
Hajime Takashima, President and Representative Director
For Inquiry:
Yoshihiro Mimata, Director and General Manager of Finance & Accounting Department (Telephone: 81-3-3448-7000)
Scheduled Filing of Quarterly Securities Report: February 14, 2013
Scheduled Commencement of Dividend Payment: —Supplementary Materials on Quarterly Results:
Attached
IR Presentation on Quarterly Results:
Not scheduledAmounts less than one million yen have been omitted.

1. Consolidated Financial Results (for the nine months ended December 31, 2012)(1) Consolidated Operating Results(Millions of yen, except per share data and percentages)

Net Sales

Operating Income

Recurring Proﬁt

Net Income

Nine months ended December 31, 2012 ¥206,906

6.3%¥12,455

176.1%¥12,774

159.7%¥7,120231.5%

Nine months ended December 31, 2011

0.4

4,511

16.9

4,919

17.7

2,147(57.7)

194,713

Notes: 1. Comprehensive income: Nine months ended December 31, 2012: ¥7,545 million [202.1%]
Nine months ended December 31, 2011: ¥2,497 million [(52.9)%]
2. Percentages indicate the percentage change from the corresponding period of the previous fiscal year.

Net Income per ShareNet Income per Share (Diluted)

Nine months ended December 31, 2012

¥57.02¥56.84

Nine months ended December 31, 2011

16.55

16.52

(2) Consolidated Financial Position(Millions of yen, except percentages)

Total Assets

Net Assets

Equity Ratio

As of December 31, 2012

¥216,229¥166,039

76.3%

As of March 31, 2012

228,135

164,574

71.7(Reference) Shareholders’ Equity:

As of December 31, 2012: ¥164,932 million

As of March 31, 2012: ¥163,506 million

2. Cash Dividends for Shareholders of Common Stock(Yen)

Cash Dividends per Share over the Fiscal YearEnd of 1st QuarterEnd of 2nd QuarterEnd of 3rd Quarter

Year ended March 31, 2012

¥ —¥10.00¥ —Year ending March 31, 2013—10.00—Year ending March 31, 2013 (Forecast)Year-EndAnnual¥10.00¥20.00

10.00

20.00

Note: Most recently announced revisions to dividend forecast: No

3. Consolidated Earnings Forecast (for the ﬁscal year ending March 31, 2013)
Net SalesYear ending March 31, 2013

¥306,000

3.4%(Millions of yen, except per share data and percentages)

Operating Income

Recurring Proﬁt¥19,000¥19,500

Notes: 1. Most recently announced revisions to consolidated earnings forecast: No
2. Percentages indicate the percentage change from the previous ﬁscal year.

50.9%

50.4%

Net Income¥11,000

53.3%

Net Income per Share¥88.09

COMSYS Holdings Corporation (1721)
Consolidated Financial Results for the Third Quarter Ended December 31, 2012

*Notes:(1) Changes in significant subsidiaries during the period under review (changes to subsidiaries that would alter the scope ofconsolidation): No(2) Adoption of accounting methods specific to quarterly consolidated financial statements: No(3) Changes in accounting policies, changes in accounting estimates and restatements of prior period financial statements
due to error correctiona) Changes in accounting policies due to revisions of accounting standards: Yesb) Changes in accounting policies due to other reasons: Noc) Changes in accounting estimates: Yesd) Restatements of prior period financial statements due to error correction: No(4) Number of shares issued (common stock)a) Number of shares issued (including treasury stock)b) Number of treasury stockc) Average number of shares issued in the period

As of December 31, 2012
145,977,886 shares
23,268,501 shares

As of March 31, 2012
145,977,886 shares
19,186,339 shares

Nine months ended December 31, 2012
124,871,886 shares

Nine months ended December 31, 2011
129,736,672 shares*Statement regarding the Implementation Status of Quarterly Review ProceduresThis Consolidated Financial Results report is not subject to the quarterly review procedures prescribed under the Financial Instruments andExchange Act. At the time of disclosing the quarterly consolidated financial results report, however, quarterly financial statement review procedures
have not been completed.
*Disclaimer concerning the Proper Use of Business Results Forecasts and Other Relevant Specific Items
Forward-looking statements including earnings forecasts contained in this document are based on certain reasonable assumptions and beliefs inlight of information currently available to management. Readers are advised that actual results may differ materially from forecasts due to a varietyof factors. With respect to the conditions that underpin earnings forecasts as well as cautionary statements regarding the proper use of earnings
forecasts, please refer to “Qualitative Information Regarding Consolidated Earnings Forecast” of this Consolidated Financial Results report in theAccompanying Materials section on page 3.

2

COMSYS Holdings Corporation (1721)
Consolidated Financial Results for the Third Quarter Ended December 31, 2012

Accompanying Materials
1. Qualitative Information Regarding Consolidated Financial Results for the Period under Review(1) Qualitative Information Regarding Consolidated Operating Results
During the cummulative third quarter period (April 1, 2012 to December 31, 2012) of the fiscal year ending March 31,
2013, the Japanese economy showed some positive signs, which included rising share prices on the stock market from theend of the year in anticipation of a correction in the appreciation of the yen and a major economic stimulus package.
In the information and communications field, the COMSYS Group’s principal area of activity, there was rapid
progress in network construction and installation, including an expansion in service areas as well as diversification anddeployment of increasingly sophisticated services for the Long-Term Evolution (LTE) next-generation mobile phone
communication standard and Wi-Fi, accompanying the growth of smartphones and tablets.
Under these circumstances, orders received in the third quarter of the fiscal year under review rose 12.9% yearon-year to ¥246,027 million, as mobile and NCC-related project orders remained favorable, among other factors. Net sales
grew 6.3% year-on-year to ¥206,906 million.
From a profit perspective, the COMSYS Group experienced greater efficiency in conjunction with the growthin the volume of projects as well as the benefits from the COMSYS WAY structural reforms that it has implemented todate. As a result, operating income rose 176.1% year-on-year to ¥12,455 million, and net income climbed by 231.5%
to ¥7,120 million.
(2) Qualitative Information Regarding Consolidated Financial Position
Total assets as of December 31, 2012 amounted to ¥216,229 million, down ¥11,905 million compared with the end of theprevious fiscal year. This was mainly attributable to a decrease in notes and accounts receivable – trade. Liabilities
decreased ¥13,370 million compared with the end of the previous fiscal year to ¥50,189 million. This was largely
attributable to a decrease in accounts payable – trade. Net assets stood at ¥166,039 million, which was a increase of ¥1,465
million compared with the end of the previous fiscal year.
In accordance with each of the aforementioned factors, the equity ratio improved 4.6 percentage points comparedwith the end of the previous fiscal year to 76.3%.
(3) Qualitative Information Regarding Consolidated Earnings Forecast
Refer to the Japanese press release, [Announcement of Revisions to Earnings Forecasts] published on November 9, 2012 forthe consolidated earnings forecasts for the full fiscal year ending March 31, 2013.

3

COMSYS Holdings Corporation (1721)
Consolidated Financial Results for the Third Quarter Ended December 31, 2012

2. Quarterly Consolidated Financial Statements(1) Consolidated Balance Sheets
Millions of yen

ASSETS
Current assets:
Cash and cash equivalents
Notes and accounts receivable—tradeInventories:
Accumulated cost of construction in progress
Other
Other current assets
Less: Allowance for doubtful receivables
Total current assets
Fixed assets:
Property and equipment:
Buildings and structures, net
Land
Other, net
Total property and equipment
Intangible fixed assets
Investments and other assets:
Investment securities
Other assets
Less: Allowance for doubtful receivables
Total investments and other assets
Total fixed assets
Total assets

4

As of March 31, 2012

As of December 31, 2012

33,48981,853

18,43963,56615,087
2,023
9,330
(137)
141,646

31,4991,757
10,416(77)
125,602

23,08534,391
6,099
63,575
3,802

24,12738,3895,212
67,7294,101

7,228
13,937(2,055)
19,11086,488228,135

7,660
13,337(2,200)18,796
90,627
216,229

COMSYS Holdings Corporation (1721)
Consolidated Financial Results for the Third Quarter Ended December 31, 2012

Millions of yen

LIABILITIESCurrent liabilities:
Accounts payable—trade
Short-term bank loans
Income taxes payable
Advances received on construction in progress
Allowances
Other current liabilities
Total current liabilities
Long-term liabilities:Deferred tax liabilities for unrealized gains on land revaluation
Accrued severance indemnities
Allowance for directors’ retirement benefits
Other long-term liabilities
Total long-term liabilities
Total liabilities
NET ASSETS
Shareholders’ equity:
Common stock
Additional paid-in capital
Retained earnings
Treasury stock, at cost
Total shareholders’ equity
Accumulated other comprehensive income:Unrealized gain (loss) on other securities
Unrealized gain (loss) on land revaluation
Total accumulated other comprehensive income
Subscription rights to shares
Minority interests
Total net assets
Total liabilities and net assets

5As of March 31, 2012

As of December 31, 2012

39,891
1,520
3,795
1,448
1,189
7,637
55,482

28,420
1,401
1,231
3,831
361
6,347
41,594

1,662
5,426
266
722
8,078
63,560

1,662
5,706
241
984
8,595
50,18910,00055,374
123,611(17,504)
171,481

10,00055,377
128,582(21,422)
172,537

115(8,090)(7,974)
430
637
164,574
228,135

485(8,090)(7,605)505
602
166,039
216,229

COMSYS Holdings Corporation (1721)
Consolidated Financial Results for the Third Quarter Ended December 31, 2012

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
Consolidated Statements of Income
Millions of yenNet sales
Cost of sales
Gross profits
Selling, general and administrative expenses
Operating income
Other income:Interest income
Dividend income
Other
Total other income
Other expenses:
Interest expenses
Provision for allowance for doubtful receivables
Other
Total other expenses
Recurring profit
Extraordinary income:Gain on negative goodwill
Other
Total extraordinary income
Extraordinary loss:
Special payments on employees’ retirement benefits
Other
Total extraordinary loss
Income before income taxes and other adjustments to net income
Income taxes:
Current
Deferred
Total income taxes
Income before minority interests
Minority interests
Net income

6

Nine months ended
December 31, 2011

Nine months ended
December 31, 2012

194,713
176,208
18,504
13,993
4,511

206,906
181,038
25,867
13,411
12,455

40
139
406
586

34
170
284
490

27
—
150
178
4,919

6
111
53
171
12,774

—
123
123

752
87
839

53
670
724
4,318

1,719
540
2,260
11,354

787
1,327
2,114
2,204
56
2,147

2,7621,418
4,181
7,172
52
7,120

COMSYS Holdings Corporation (1721)
Consolidated Financial Results for the Third Quarter Ended December 31, 2012

Consolidated Statements of Comprehensive Income
Millions of yen

Income before minority interests
Other comprehensive income:Unrealized gain (loss) on other securities
Unrealized gain (loss) on land revaluation
Total other comprehensive income
Comprehensive income(Breakdown)Comprehensive income attributable to owners of the parent
Comprehensive income attributable to minority interests

7

Nine months ended
December 31, 2011

Nine months ended
December 31, 2012

2,204

7,172

90
203
293
2,497

372
—372
7,545

2,442
55

7,48955