February 9, 2007

COMSYS Holdings Corporation
Consolidated Financial Results for the Third Quarter Ended December 31, 2006 (Unaudited)
Head Office:Stock Exchange Listings:
URL:
Representative:
For Inquiry:

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
Hirofumi Shimada, President
Yoshihiro Mimata, Director and General Manager of Finance & Accounting Department(Telephone:81-3-3448-7100)

1. Accounting Policy(1) Adoption of simple method for accounting procedures: Yes
Income taxes are calculated by the estimated rate based on the statutory effective tax rate.
(2) Changes in the method of accounting since the most recent fiscal year: No(3) Changes in scope of consolidation and application of equity method: No
2. Consolidated Financial Results (for the nine months ended December 31, 2006)(1) Consolidated Operating Results

Amounts less than one million yen have been omitted.
(Millions of yen, except per share data and percentages)

Net Sales
Nine months ended December 31, 2006

¥208,206 18.4%

Nine months ended December 31, 2005

175,791(Ref.) Fiscal year ended March 31, 2006

307,485

3.8

Operating Income

Recurring ProfitNet Income¥10,252¥11,788¥ 8,554——%—

16,318Net Incomeper ShareNet Income
per Share (Diluted)

Nine months ended December 31, 2006

60.28

60.27

Nine months ended December 31, 2005——

(Ref.) Fiscal year ended March 31, 2006

69.65

69.62

—
18,753—%———%—

10,030Note: The values shown for net sales indicate the percentage of change from the same quarter of the previous fiscal year. For figures other thannet sales, the computation of quarterly consolidated operating results commenced with the first quarter of the current fiscal year.
Therefore, values for the same quarter of the previous fiscal year and year-on-year percentage changes are not given.

[ Qualitative Information Regarding Consolidated Operating Results ]Consolidated orders received and net sales were up this quarter compared to the third quarter ofthe previous fiscal year. This was the result of a strong performance in the NTT Information
Telecommunication Engineering Business. Especially strong performers included projects related toimprovement of the quality of mobile communications and expansion of service areas and B Flets opticaltechnology projects, together with NCC related base station projects and FTTH projects in the ElectricalCommunications Engineering Business.
[ Supplementary Information ]Consolidated Orders Received(Millions of yen, except percentages)

Orders Received
Nine months ended December 31, 2006

¥251,689 12.4%

Nine months ended December 31, 2005

223,975 10.6(Ref.) Fiscal year ended March 31, 2006

310,005

Note: Percentages shown are rates of change from the same quarter of the previous fiscal year.

1(2) Consolidated Financial Position(Millions of yen, except per share data and percentages)

Shareholders’ Equity

As of December 31, 2006

¥207,920¥143,344

As of December 31, 2005————

220,785

137,160

62.1

964.70(Ref.) As of March 31, 2006

Equity Ratio

Shareholders’ Equity
per Share

Total Assets

68.3%

1007.01

Note: Changes in consolidated financial position were shown for the first time in the first quarter of the current fiscal year. Accordingly, noresults for the same quarter of the previous fiscal year are given.

[ Consolidated Cash Flows ](Millions of yen)

Cash Flows fromCash Flows from
Cash Flows from Cash and Cash Equivalents
Operating Activities Investing Activities Financing Activities
at End of Period
Nine months ended December 31, 2006

¥14,436¥(2,942)¥(6,160)¥41,351

Nine months ended December 31, 2005————

(Ref.) Fiscal year ended March 31, 2006

9,128

(5,139)(3,631)35,814

Note: Changes in consolidated cash flows were shown for the first time in the first quarter of the current fiscal year. Accordingly, no results forthe same quarter of the previous fiscal year are given.

[ Qualitative Information Regarding Changes in Consolidated Financial Position ]Total assets declined ¥12.86 billion to ¥207.92 billion from the end of the previous fiscal year. Thiswas caused by the contraction of notes and accounts receivable—trade. Liabilities fell ¥17.78 billion to¥64.57 billion, as a result of a drop in accounts payable—trade in comparison to the end of the previous
fiscal year.

3. Earnings Forecast (for the fiscal year ending March 31, 2007)(Millions of yen)

Net Sales
Fiscal year ending March 31, 2007

Recurring Profit325,000(Reference) Forecasted net income per share for the fiscal year ending March 31, 2007:

Net Income

20,00012,000¥85.09[ Qualitative Information on Performance Forecasts ]There are no significant revisions of the performance forecasts released on November 14, 2006.
* The above forecasts are based on information available to COMSYS Group on the date of the report’s announcement. Unforeseen circumstances,
however, may cause actual results to differ from these forecasts.

2

[ Appendix ]1. Consolidated Balance Sheets (Summary)(Millions of yen)
Current 3rd quarter(as of December 31, 2006)
AmountPeriodCategory

ASSETS
Current Assets:
Cash and cash equivalents
Notes and accounts receivable—trade
Accumulated cost of construction in progress
Other current assets
Total current assets
Fixed Assets:
Property and equipment
Intangible assets
Investments and other assets
Total fixed assets
Total assets
LIABILITIESCurrent Liabilities:
Accounts payable—Trade
Short-term bank loans
Advances received on construction in progress
Other current liabilities
Total current liabilities
Long-Term Liabilities:
Deferred tax liabilities for unrealized gains on land revaluation
Accrued severance indemnities
Consolidation adjustments accountNegative goodwill
Other long-term liabilities
Total long-term liabilities
Total liabilities
MINORITY INTERESTSSHAREHOLDERS’ EQUITY
Common stock
Additional paid-in capital
Retained earnings
Unrealized loss on land revaluation
Unrealized gain (loss) on securities
Treasury stock, at cost
Total shareholders’ equity
Total liabilities, minority interests and shareholders’ equity
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 securities
Unrealized loss on land revaluation
Total valuation and translation adjustments
Minority Interests
Total net assets
Total liabilities and net assets
3

Previous fiscal year
(as of March 31, 2006)
Amount43,62943,406
43,1646,802
137,00238,05083,73821,973
7,595
151,357

48,963
1,730
20,22370,917
207,920

47,417
1,725
20,28669,428220,785

26,977787
15,010
10,39053,166

49,772
3,293
6,779
8,321
68,167

2,365
3,790
—
2,598
2,654
11,40964,576
—

2,365
4,159
3,961
—
3,70314,189
82,356
1,268

—
—
——
—
—
—
—

10,00056,94180,393(7,896)850(3,128)137,160
220,785

10,00056,97386,722(4,343)
149,352

—
—
—
—
—

556
(7,896)(7,340)1332
143,344
207,920

—
—
—
——
—

2. Consolidated Statements of Income (Summary)(Millions of yen)
Current 3rd quarter(Nine months ended
December 31, 2006)
AmountPeriodCategory

Previous fiscal year
(Fiscal year ended
March 31, 2006)
AmountNet Sales

208,206

307,485

Cost of Sales

182,848

270,60225,35836,882

15,105

20,564

10,252

16,318Other Income

1,598

2,585

Other Expenses

62150

Recurring profit

11,78818,753Extraordinary Income

2,055

803

Extraordinary Loss

663

3,134

13,18016,422

4,499

6,266

126

125

8,554

10,030Gross profits
Selling, General and Administrative Expenses
Operating income

Income before income taxes and other adjustments to net income
Income Taxes
Minority Interests
Net Income4