August 7, 2008

COMSYS Holdings Corporation
Consolidated Financial Results for the First Quarter Ended June 30, 2008 (Unaudited)
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For Inquiry:
Scheduled date of submissionof quarterly securities report:

17-1, Higashigotanda 2-chome, Shinagawa-ku, Tokyo 141-8647, JapanFirst Section of Tokyo Stock Exchange and Osaka Securities Exchange (Securities code: 1721)
http://www.comsys-hd.co.jp
Hajime Takashima, President and Representative Director
Yoshihiro Mimata, Director and General Manager of Finance & Accounting Department (Telephone:81-3-3448-7000)
August 14, 2008

1. Consolidated Financial Results (for the three months ended June 30, 2008)
Amounts less than one million yen have been omitted.
(Millions of yen, except per share data and percentages)(1) Consolidated Operating Results

Net Sales
Operating Income
Recurring Profit
Three months ended June 30, 2008
¥59,121—%¥1,375—%¥1,813—%Three months ended June 30, 2007
54,06617.8%
769
155.6%
1,382
64.6%
Note: Percentages indicate the percentage change from the corresponding period of the previous fiscal year.
Net Income per ShareThree months ended June 30, 2008
Three months ended June 30, 2007

Net Income per Share (Diluted)
¥ —
7.18

¥8.64
7.18

(2) Consolidated Financial Position
As of June 30, 2008
As of March 31, 2008
(Reference) Shareholders’ Equity:

Net Income¥1,175
—%
1,011
50.6%

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

Total Assets
Net Assets¥201,347¥147,432
224,121150,417
As of June 30, 2008: ¥146,175 million

Equity Ratio

Net Assets per Share
72.6%¥1,095.58
66.5%
1,091.83
As of March 31, 2008: ¥149,151 million

2. Dividends(Yen)

Dividend per Share
End of 3rd Quarter———(Base Date)
End of 1st QuarterEnd of 2nd Quarter
Year ended March 31, 2008—
¥ 7.00Year ending March 31, 2009—
—Year ending March 31, 2009 (Forecast)—
10.00
Notes: 1. Revisions to dividend forecasts: No
2. Breakdown of first half-end dividend for year ending March 31, 2009 (Forecast)Ordinary dividend: ¥7.00
Commemorative dividend: ¥3.00

3. Earnings Forecast (for the fiscal year ending March 31, 2009)

Year-EndAnnual¥10.00—10.00¥17.00—20.00(Millions of yen, except per share data and percentages)

Net Sales
Operating Income
Recurring Profit
Net Income
Net Income per ShareSix months ending September 30, 2008 ¥133,000
2.4%¥ 4,000
28.3%¥ 4,500
7.1%¥2,700(15.4)%¥19.85
Year ending March 31, 2009
330,000
0.8
14,000(14.1)
15,000(17.7)
8,500(27.0)
62.50
Notes: 1. Revisions to consolidated earnings forecasts: No
2. For fiscal-year figures, percentages indicate the percentage change from the previous fiscal year. For first-half figures, percentages
indicate the percentage change from the corresponding half of the previous fiscal year.

4. Other(1) Changes in important subsidiaries during the period (changes in specific subsidiaries accompanied by changes in scope of consolidation): No(2) Application of simplified accounting procedures, or application of specific accounting procedures in preparing quarterly consolidated
financial statements: Yes(3) Changes in principles, procedures, and presentation method of accounting related to the compilation of consolidated quarterly financialstatements (Recorded under Changes to Significant Matters Forming the Basis for the Preparation of Quarterly Consolidated Financial Statements)a) Changes accompanying revision to accounting standards: Yesb) Other changes aside from a) above: 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 June 30, 2008
145,977,886 shares
12,554,619 shares

As of March 31, 2008
145,977,886 shares
9,370,980 shares

Three months ended June 30, 2008
136,008,593 shares

Three months ended June 30, 2007
140,881,493 shares* Explanations and other notes on the suitable use of the performance forecasts• The performance outlook and other forward-looking statements in this release reflect the judgment of COMSYS Holdings based on the best information in its possession at
the time of publication. Actual results may differ significantly from these performance forecasts due to a large number of factors.
• COMSYS Holdings has applied the “Accounting Standard for Quarterly Financial Reporting” (ASBJ Statement No. 12) and “Guidance on Accounting Standard for
Quarterly Financial Reporting” (ASBJ Guidance No. 14) starting this fiscal year, and prepared its quarterly financial statements in accordance with the Quarterly
Consolidated Financial Statements Regulations.

1COMSYS Holdings Corporation (1721)

Consolidated Financial Results for the First Quarter Ended June 30, 2008 (Unaudited)

Qualitative Information, Financial Statements, Etc.
1. Qualitative Information Regarding Consolidated Operating Results
The business environment for the telecommunications sector is characterized by stiffening fee
and service competition among communications firms, resulting from market saturation. TheCOMSYS Group responded to these circumstances by moving forward with efforts to expand
its business and build a high-productivity business structure, through the promotion of its
Innovation 2010 and COMSYS-style kaizen (improvement) reform programs.
As a result, the NTT information telecommunication engineering business, NCC
business, and IT solutions business performed strongly. As a result of reductions in costs andexpenses, the first quarter of this fiscal year saw ¥79,891 million in orders received, net sales of¥59,121 million, recurring profit of ¥1,813 million, and net income of ¥1,175 million.

2. Qualitative Information Regarding Consolidated Financial Position
Consolidated total assets at the end of the first quarter dropped ¥22,774 million in comparison
with the end of the previous fiscal year, falling to ¥201,347 million. This was mainly due to a
decline in notes receivable and accounts receivable—trade. A fall in notes and accounts
payable—trade was the principal factor in a ¥19,789 million drop in consolidated totalliabilities, which declined to ¥53,914 million. Consolidated net assets contracted by ¥2,984
million in comparison to the end of the previous fiscal year, to ¥147,432 million.
As a result of the foregoing, the consolidated shareholders’ equity ratio rose 6.1
percentage points in comparison to the end of the previous fiscal year, to 72.6%.

3. Qualitative Information Regarding Consolidated Earnings Forecast
Performance during this quarter was as forecast. Accordingly, there are no changes to thepreviously released earnings forecast.

2

COMSYS Holdings Corporation (1721)

Consolidated Financial Results for the First Quarter Ended June 30, 2008 (Unaudited)

4. Quarterly Consolidated Financial Statements(1) Consolidated Balance Sheets
Millions of yen
As of March 31, 2008
As of June 30, 2008
(condensed)

ASSETS
Current Assets:
Cash and cash equivalents
Notes and accounts receivable—trade
Inventories:
Accumulated cost of construction in progress
Other
Other current assets
Less: Allowance for doubtful receivables
Total current assets
Fixed Assets:
Property and equipment:
Land
Other, net
Total property and equipment
Intangible assets
Investments and other assets:
Investment securities
Other assets
Less: Allowance for doubtful receivables
Total investments and other assets
Total fixed assets
Total Assets
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
Negative goodwill
Other long-term liabilities
Total long-term liabilities
Total Liabilities

3

43,211
44,72927,212
93,561

28,537
2,152
7,791
(296)
126,125

18,666
2,235
6,018
(390)
147,304

26,892
23,46150,353
4,057

26,892
24,00250,894
4,274

7,649
16,363(3,202)
20,81075,221
201,347

7,961
16,869(3,182)
21,64876,817224,12130,727
30
1,520
6,397
587
6,327
45,58952,093
41
2,514
3,488
495
6,107
64,741

2,365
3,106
547
711
1,593
8,324
53,914

2,365
3,261
693
949
1,693
8,963
73,704

COMSYS Holdings Corporation (1721)

Consolidated Financial Results for the First Quarter Ended June 30, 2008 (Unaudited)

Millions of yen
As of March 31, 2008
As of June 30, 2008
(condensed)

NET ASSETS
Shareholders’ Equity:
Common stock
Additional paid-in capital
Retained earnings
Treasury stock, at cost
Total shareholders’ equity
Valuation and Translation Adjustments:
Unrealized gain (loss) on other securities
Unrealized loss on land revaluation
Total valuation and translation adjustments
Minority Interests
Total Net Assets
Total Liabilities and Net Assets

4

10,00056,97999,593(12,389)
154,182

10,00056,97999,782(9,384)
157,377(110)(7,896)(8,007)
1,257
147,432
201,347(329)(7,896)(8,226)
1,266
150,417
224,121

COMSYS Holdings Corporation (1721)

Consolidated Financial Results for the First Quarter Ended June 30, 2008 (Unaudited)(2) Consolidated Statements of Income
Millions of yen
Three months ended
June 30, 2008

Net Sales
Cost of Sales
Gross profits
Selling, General and Administrative Expenses
Operating income
Other Income:Interest income
Dividend income
Amortization of negative goodwill
Other
Total other income
Other Expenses:
Interest expenses
Other
Total other expenses
Recurring profit
Extraordinary Income:Allowance for doubtful receivables
Gain on payback of insurance payments
Other
Total extraordinary income
Extraordinary Loss:
Loss on disposal of fixed assets
Special payments on employees’ retirement benefits
Loss on revaluation of golf club memberships
OtherTotal extraordinary loss
Income before income taxes and other adjustments to net income
Income Taxes:
CurrentDeferred
Total income taxes
Minority Interests
Net Income

559,12152,428
6,693
5,317
1,375
19
108
237
82
447
2
7
9
1,813
79
53
3
137
40
53
29
20
144
1,806
1,421(790)
630
01,175COMSYS Holdings Corporation (1721)

Consolidated Financial Results for the First Quarter Ended June 30, 2008 (Unaudited)(Reference)
Quarterly Consolidated Financial Statements for the Previous Fiscal Year
Condensed Consolidated Statements of Income
Millions of yen
Three months ended
June 30, 2007

Net Sales
Cost of Sales
Gross profits
Selling, General and Administrative Expenses
Operating income
Other Income
Other Expenses
Recurring profit
Extraordinary Income
Extraordinary Loss
Income before income taxes and other adjustments to net income
Income Taxes
Minority Interests
Net Income

654,06648,041
6,024
5,255
769
619
6
1,382
279
56
1,605
619
(25)
1,011