February 6, 2009COMSYS Holdings Corporation
Consolidated Financial Results for the Third Quarter Ended December 31, 2008 (Unaudited)
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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)
February 13, 2009

1. Consolidated Financial Results (for the nine months ended December 31, 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
Nine months ended December 31, 2008
¥202,064—%¥7,713—%¥8,763—%Nine months ended December 31, 2007
202,856(2.6)%
6,717(34.5)%
8,335(29.3)%
Note: Percentages indicate the percentage change from the corresponding period of the previous fiscal year.
Net Income per Share
Nine months ended December 31, 2008
Nine months ended December 31, 2007

Net Income per Share (Diluted)¥ —40.63¥36.91
40.63(2) Consolidated Financial Position
As of December 31, 2008
As of March 31, 2008
(Reference) Shareholders’ Equity:

Net Income¥4,939—%5,667(33.7)%(Millions of yen, except per share data and percentages)

Total Assets
Net Assets¥202,160¥146,977
224,121150,417
As of December 31, 2008: ¥145,779 million

Equity Ratio

Net Assets per Share
72.1%¥1,114.05
66.5%
1,091.83
As of March 31, 2008: ¥149,151 million

2. Dividends(Base Date)
End of 1st Quarter
Year ended March 31, 2008—
Year ending March 31, 2009—
Year ending March 31, 2009 (Forecast)—
Note: Revisions to dividend forecasts: No(Yen)End of 2nd Quarter¥ 7.00
10.00—

Dividend per Share
End of 3rd Quarter———

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

Year-End

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

Net Sales
Operating Income
Recurring Profit
Year ending March 31, 2009
330,000
0.8%
14,000(14.1)%
15,000(17.7)%
Notes: 1. Revisions to consolidated earnings forecasts: No
2. Percentages indicate the percentage change from the previous fiscal year.

Net Income8,500(27.0)%

Net Income per Share
62.52

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 FinancialStatements)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 December 31, 2008
145,977,886 shares
15,122,435 shares

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

Nine months ended December 31, 2008
133,816,814 shares

Nine months ended December 31, 2007
139,482,001 shares* Explanations and other notes on the suitable use of the performance forecasts
1. 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.
2. 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 Third Quarter Ended December 31, 2008 (Unaudited)

Qualitative Information, Financial Statements, Etc.
1. Qualitative Information Regarding Consolidated Operating Results
During the first three quarters of the consolidated fiscal year under review (April 1, 2008 toMarch 31, 2009), concerns surrounding the downturn in the domestic economy became
increasingly evident and pronounced. Buffeted by a global financial crisis that is growing inseverity, spilling steadily over into the real economy, this slump is attributable to such factors as
the drop in stock market prices and appreciation in the value of the yen which continues to place
downward pressure on corporate-sector earnings resulting in cutbacks in capital expenditure,
deteriorating employment conditions and ultimately weak personal consumption.
In the information and telecommunication field where the COMSYS Group operates,
NTT continued its efforts to deploy next generation network (NGN) services. At the same time,
activity in the mobile communication field intensified fueled by increased acceleration of packet
communications and service area expansion, which has resulted in significant improvements incontent services. Reflecting increased service diversity and the introduction of such nextgeneration high-speed wireless communication services as WiMAX, competition among carriers
regarding charges and services is becoming increasingly intense.
Against this backdrop, COMSYS continued to promote a host of initiatives andmeasures to improve workflow processes and efficiency. The Company continued to implement
the “Group Innovation 2010” initiative in an effort to further enhance synergies among Group
companies, while launching Comstar in October 2008, a new internal system designed topromote business process reengineering.
Based on the aforementioned operating environment, activities in the IT Solutions
Business remained steady through the first three quarters of the fiscal year under review. Resultsin the NTT Information Telecommunication Engineering and Electrical CommunicationsEngineering businesses, on the other hand, were lackluster. Accounting for these factors, and inline with the drop in new orders received by 0.9% compared with the corresponding period of
the previous fiscal year to ¥238,662 million, net sales edged down 0.4%, year on year, to¥202,064 million.
On the earnings front, operating income increased 14.8% compared with thecorresponding period of the previous fiscal year to ¥7,713 million owing mainly to successful
efforts to reduce costs and expenses. During the period under review, however, COMSYS incurreda write-down on investments in securities and other extraordinary losses. As a result, net income
contracted 12.8%, year on year, to ¥4,939 million.
The performances for the previous corresponding period are provided for reference only.

2. Qualitative Information Regarding Consolidated Financial Position
Total assets as of December 31, 2008 stood at ¥202,160 million, down ¥21,961 million
compared with the end of the previous fiscal year. This was mainly attributable to the decreasein notes and accounts receivable–trade. Liabilities as of the end of the period under review were¥55,182 million, a drop of ¥18,522 million compared with March 31, 2008. This primarilyreflected the decline in accounts payable–trade. Net assets stood at ¥146,977 million, ¥3,440
million lower compared with the previous fiscal year-end.
Accounting for the aforementioned, the equity ratio improved 5.6 percentage points
from the end of the previous fiscal year to 72.1%.

3. Qualitative Information Regarding Consolidated Earnings Forecast
During the first three quarters of the consolidated fiscal year under review, the performances
forecast by the Company were achieved. As a result, there is no change to the forecasts
announced by the Company on May 13, 2008.

2COMSYS Holdings Corporation (1721)

Consolidated Financial Results for the Third Quarter Ended December 31, 2008 (Unaudited)

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

330,82543,85627,212
93,56142,324
2,007
7,601
(269)
126,345

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

27,104
23,12150,225
6,353

26,892
24,00250,8944,274

6,206
15,960(2,932)
19,23575,814202,160

7,961
16,869(3,182)
21,64876,817224,121

COMSYS Holdings Corporation (1721)

Consolidated Financial Results for the Third Quarter Ended December 31, 2008 (Unaudited)

Millions of yen
As of March 31, 2008
As of December 31, 2008
(condensed)

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

4

29,317
16
727
9,678
726
6,888
47,35452,093
41
2,514
3,488
495
6,107
64,74178
2,365
2,954
666
237
1,526
7,828
55,182

—
2,365
3,261
693
949
1,693
8,963
73,70410,00056,970101,974(14,553)
154,391

10,00056,97999,782(9,384)
157,377(715)(7,896)(8,612)41
1,156
146,977
202,160(329)(7,896)(8,226)—
1,266
150,417
224,121

COMSYS Holdings Corporation (1721)

Consolidated Financial Results for the Third Quarter Ended December 31, 2008 (Unaudited)(2) Consolidated Statements of Income
Millions of yen
Nine months ended
December 31, 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
Foreign exchange losses
Other
Total other expenses
Recurring profit
Extraordinary Income:Allowance for doubtful receivables
Gain on payback of insurance payments
Other
Total extraordinary income
Extraordinary Loss:
Write-down on investments in securities
Loss on disposal of fixed assets
Special payments on employees’ retirement benefits
Loss on revaluation of golf club memberships
Other
Total extraordinary loss
Income before income taxes and other adjustments to net income
Income Taxes:
Current
Deferred
Total income taxes
Minority Interests
Net Income

5202,064
178,040
24,023
16,310
7,713
103
164
761
239
1,269
3200
14
219
8,763
405
112
55
573
536
79
92
48
132
890
8,447
2,375
1,161
3,537
(29)
4,939

COMSYS Holdings Corporation (1721)

Consolidated Financial Results for the Third Quarter Ended December 31, 2008 (Unaudited)(Reference)
Quarterly Consolidated Financial Statements for the Previous Fiscal Year
Condensed Consolidated Statements of Income
Millions of yen
Nine months endedDecember 31, 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

6202,856
180,628
22,22815,511
6,717
1,635
17
8,335
477
338
8,475
2,773
34
5,667