Presentation of Performance
Fiscal Year Ended March 31, 2013

May 15, 2013

Contents
I. Overview of Performance for the Fiscal Year Ended March 31, 2013
1. Highlights of Performance for the Fiscal Year Ended March 31, 2013

1

2. Details of Orders Received by Segment for the Fiscal Year Ended March 31, 20132

3. Details of Net Sales by Segment for the Fiscal Year Ended March 31, 20133

4. Details of Operating Income for the Fiscal Year Ended March 31, 2013

4

II. Full Year Forecasts for the Fiscal Year Ending March 31, 2014
1. Full Year Forecasts

5

2. Main Reasons for Forecast Income Growth (Operating Income)6

III. Trends in Principal Businesses
1. Trends in NTT Business7

2. Trends in Mobile Business8

3. Trends in Social Infrastructure and IT Businesses
IV. New Structural Reforms: COMSYS WAY a

910

1. Top-line Growth11

2. Solar Power Generation-Related Business12

3. Creation of New Construction IT Platform

13

V. Policy on Shareholder Returns and Status of Treasury Stock14

1

I-1. Highlights of Performance for the Fiscal Year Ended March 31, 2013
COMSYS Holdings Posts Record-High Profit with Dramatic Increases in Sales and Income
Performance inprevious term

Comparisons withthe previous term

Forecasts

Percent of Net Sales

Percent of Net Sales

Difference

Percent of Net Sales

3,356

2,977

Performance
Unit: ¥100 million

Orders Received

Net Sales

Gross Proﬁts

+378

3,100

Comparisonswith forecasts
Difference

+256

3,160

2,958

+202

3,060

+100

412

311

+101

377

+35

13.0%

10.5% +2.5 percentage points

12.3% +0.7 percentage points

Selling, General and

186

185

+1

187

-0

Administrative Expenses

5.9%

6.3%

-0.4 percentage points

6.1%-0.2 percentage points

225

125

+99

190

+35

Operating Income

7.1%

4.3% +2.8 percentage points

Remarks

Orders Received
Orders received significantly exceeded boththe previous fiscal year and forecasts due tosuch factors as aggressive capital expenditureby mobile carriers aimed at expanding LTE
and platinum band due to the proliferation ofsmartphones, etc.

Net Sales
Net sales significantly outperformed both theprevious fiscal year and forecasts due to theincrease in projects carried over from theprevious fiscal year (ended March 2012) andrise in orders received for the ﬁscal year underreview.

6.2% +0.9 percentage points

IncomeRecurring Proﬁt

229
7.2%

Net Income

132
4.2%

129

+99

4.4% +2.8 percentage points

71

+61

2.4% +1.8 percentage points

195

+34

6.4% +0.8 percentage points

110

+22

Substantial profit growth was achieved
compared with both the previous fiscal year
and forecasts due to the product mix as wellas an increase in efficiency acompanying the
growth in the volume of projects and the effectof ongoing structural reforms.

3.6% +0.6 percentage points

Forecasts are ﬁgures from the revisions to the ﬁnancial results (November 9, 2012)
Previous all-time high proﬁt in the year ended March 2007 recorded operating income of ¥19.2 billion (orders received of ¥334.1 billion, net sales of ¥336.5 billion, and operating margin of 5.7%)
Note: Figures are rounded down to the nearest whole unit.

2I-2. Details of Orders Received by Segment for the Fiscal Year Ended March 31, 2013
(Unit: ¥100 million)

Comparisons with
the Previous Term

Comparisonswith Forecasts

+378

+256

(+12.7%)

Social System-Related
and Other+15.9%
IT+11.7%
NCC+34.4%
NTT-G
+8.3%

+152

+119

+53

(+8.3%)

Social System-Related
and OtherIT+12.7%
-0.0%

3,356

+43

-0

+33

+53
Growth in solar power
construction projects, etc.

NCC
+7.8%

NTT-G
+9.8%

Growth in public works
projects, etc.

+178
Growth in projects related to Softbank
platinum band and au 2GHz band LTE

Increase in orders received
through alliances, etc.
Growth in projects related to Softbank
platinum band and au 2GHz band LTE

2,977

NTT Business (Access and Network)
Increase in projects to expand optical fiber areas
and renew telegraph pole
DOCOMO business
Growth in LTE-related projects, PDC dismantling
and removal, and projects to counter poor signal
coverage in subways

NTT Business (Access and Network)
Increase in telegraph pole replacement projects
DOCOMO business
Growth in LTE-related projects, PDC dismantling
and removal, and projects to counter poor signal
coverage in subways

Performance in Previous Term

Performance

3,100

Revised Target

3

I-3. Details of Net Sales by Segment for the Fiscal Year Ended March 31, 2013
(Unit: ¥100 million)

Comparisons with
the Previous Term

Comparisonswith Forecasts
Social System-Related
IT
and Other+10.0%-6.4%+202(+6.8%)

NTT-G
+6.1%

-24

NCC
+21.6%+44+72

Growth in solar power construction
projects, but less large-scaleconstruction than previous fiscal year

Social System-Related
and Other
+2.2%
IT
+7
+5.3%

3,160

Increase in network andserver-related projects

+24

+100
(+3.3%)
NCC
+2.4%

+9

Increase in network andserver-related projects

NTT-G
+3.2%

+59

Growth in projects related
to au 2GHz band LTE

+109

3,060

Growth in projects related to Softbank
platinum band and au 2GHz band LTE

2,958

NTT Business (Access and Network)
Increase in projects to expand optical fiber areas
and renew telegraph pole
DOCOMO business
Growth in LTE-related projects, PDC dismantling
and removal, and projects to counter poor signal
coverage in subways

NTT Business (Access and Network)
Decline in service integration projects
DOCOMO business
Growth in LTE-related projects, PDC dismantling
and removal, and projects to counter poor signal
coverage in subways

Performance in Previous Term

Performance

Revised Target

4I-4. Details of Operating Income for the Fiscal Year Ended March 31, 2013

Significant profit growth due to increase in efficiency of construction work and results of structural reforms(Unit: ¥100 million)

Comparisons with
the Previous Term

Comparisonswith Forecasts

+100

+35

(+79.1%)
Improvement due torise in profit margin

225
+34

Operating Margin(7.1%)+22
Structural reforms
and improved
productivity

Improvement due toincrease in net sales

+36
125

(+18.7%)

Improvement due torise in profit margin
Improvement due toincrease in net sales+13
Product mix

190
Operating Margin(6.2%)

Structural reforms
and improved
productivity

Product mix

Operating Margin(4.3%)

Performance in Previous Term

Performance

Note: The figures for differences in comparison with the previous term and in comparison with forecasts have been rounded down to the nearest whole unit.

Revised Target

5

II-1. Full Year Forecasts for the Fiscal Year Ending March 31, 2014

Another year of record-high revenue and profit projected due to large number of projects underway
Unit: ¥100 million

FY March 2013
Performance

FY March 2014
Targets

Comparisons withFY March 2013

Percent of Net Sales

Percent of Net Sales

Difference

3,356

3,200

Orders Received-156

Orders Received
Orders received are forecast to be ﬁrm due to continued expansion of
network investment, including LTE, and anticipated public investment
in IT and social infrastructure and private capital expenditure, despite
an industry downturn in access-related projects and the signiﬁcantnumber of mobile-related orders received in the year ended March2013 that resulted from plans being moved forward.

3,160

3,250

+89

412

425

+12

13.0%

13.1%

+0.1 percentage points

Selling, General and

186

185

-1

Administrative Expenses

5.9%

5.7%

-0.2 percentage points

225

240

+14

7.1%

7.4%

+0.3 percentage points

229

245

+15

7.2%

7.5%

+0.3 percentage points

132

150

+17

4.2%

4.6%

+0.4 percentage points

Net Sales

Gross Proﬁts

Operating Income

Recurring Proﬁt

Net Income

Note: Figures are rounded down to the nearest whole unit.

Remarks

Net Sales
Net sales are projected to rise due to a substantial increase inprojects carried over from the year ended March 2013 as well as thegrowth in IT and social infrastructure projects.

IncomeOperating income is projected to rise due to an increase in efﬁciency
acompanying the growth in the amount of construction work andthe building of a construction IT platform as part of the advance ofstructural reforms and top-line growth (revenues) targeted undera
COMSYS WAY .

6

II-2. Main Reasons for Forecast Income Growth (Operating Income)aY
COMSYS Ws aAnd top-line growth
ral reform

Advance of structu(Unit: ¥100 million)

Improvement due tocost reduction
Improvement due torise in profit margin

Comparisons with
the Previous Term

+7

+15

Improvement due toincrease in net sales(+6.4%)

+6
225

+2
240
Operating Margin(7.4%)

Structural reforms
and improved
productivity

Product mix

Operating Margin(7.1%)FY March 2013
Performance
Note: The figures for differences in comparison with the previous term have been rounded down to the nearest whole unit.

FY March 2014
Targets

7

III-1. Trends in NTT Business
Based on NTT business result briefing materials

NTT Consolidated Capex

19,70019,466(Unit: ¥100 million)

Based on NTT business result briefing materials

NTT East and West

7,841
18,700NTT EAST

18.5%

18.4%

17.0%

Capex to sales
Mar. 2012

Mar. 2013

Investment infiber optics
3,040(Unit: ¥100 million)

7,549
3,965
Investment infiber optics
2,910

6,900
3,500
Investment infiber optics
2,750

NTT WEST

3,584

3,400

Mar. 2012

Mar. 2013

Mar. 2014 Target

Mar. 2014 Target

Capex to sales = Capital expenditure/net sales

Capex to sales for year ending March 2016: 15%

Investment in fiber optic conversion of access networks

Year ended March 2013: Capex rose ¥23.4 billion to ¥1970.0 billion due to LTE
expansion at DOCOMO; capex to sales: 18.4%

Capex at NTT East and NTT West includes investment in fiber optic conversion of
about ¥150.0 billion (down ¥10.0 billion year-on-year) at NTT East and about ¥125.0
billion (down ¥6.0 billion year-on-year) at NTT West

Forecasts for year ending March 2014: Capex down ¥100 billion year-on-year to¥1870.0 billion due to network streaminling at NTT East and NTT West and decreasein FOMA equipment investment at DOCOMO; capex to sales declining to all time low
17.0% with expected growth in operating income

Fiber optic coverage ratio: 94% for NTT East and 92% for NTT West

Cost reductions in access-related business foryear ending March 2015: down at least ¥400 billion
Year ended March 2013: down ¥125.0 billion (compared to year ended March 2012)
Year ending March 2014: down ¥330.0 bilion (compared to year ended March 2012)(Personnel costs: down ¥80.0 billion, equipment: down ¥70.0 billion, other down ¥180.0 billion)

Number of FLET’S HIKARI subscriptions
The cumulative number of FLET’S HIKARI subscriptions through the year ended March2013 increased by 740,000 (390,000 for NTT East and 330,000 for NTT West) to
17,300,000 (9,750,000 for NTT East and 7,550,000 for NTT West), partly due to theeffect of strategies to boost sales such as the Omoikkiri-Wari discount promotion.
Aiming for net increase of 1 million subscriptions (0.5 for NTT East and 0.5 for NTTWest) in the year ending March 2014 by actively developing demand among small
and medium- sized businesses with “Office Marugoto Support” and other services.

8

III-2. Trends in Mobile Business"ASED ON $/#/-/ BUSINESS RESULT BRIEFING MATERIALS(Unit: ¥100 million)

NTT DOCOMO
7,268

7,537

LTE
FOMA

KDDI/Softbank(Unit: ¥100 million)

7,000

6,984
1,055

Other
(Information
Systems, etc.)"ASED ON +$$) AND 3OFTBANK BUSINESS RESULT BRIEFING MATERIALS

3,332

3,140
923

5,163

2,740

4,216 936
4,128

2,189

4,205

4,260
3,560

3,205

5,500 5,500

4,670
2,000

1,288

Fixed-line, 1,174
etc.

KDDI Softbank

5,929
4,227

Mobile 3,042

3,382

3,500

2,016
700
Mar. 2012

Mar. 2013

Mar. 2014(Target)Network capital expenditure maintained accompanying increase in traffic(proliferation of smartphones) despite reduction in capital expenditure from ¥753.7
billion to around ¥700.0 billion
s !CCELERATION IN SHIFT OF RESOURCES FROM &/-! TO 8I ,4%s )NVESTMENT IN DISPERSAL OF KEY FACILITIES ETC RELATED TO DISASTER STRATEGY DECLINEDs )NVESTMENT IN INFORMATION SYSTEMS AND 2$ RELATED SECTORS COMING TO AN END.UMBER OF 8I BASE STATIONS TO DOUBLE MOVED FORWARD BY ONE YEAR
s -ARCH   -ARCH    CUMULATIVE TOTALs )MPROVED CALL CONTINUITY RATE ,4% CALL CONTINUITY RATE ON THE 9AMANOTE ,INE 
%XPEDITED ROLL OUT OF HIGH SPEED AREAS
s .UMBER OF  -BPS COMPATIBLE BASE STATIONS!S OF -ARCH    !S OF *UNE    !CCELERATE s  -BPS COMPATIBLE AREAS AS OF *UNE   CITIES
100 citiess  -BPS MAXIMUM DOWNLINK SERVICE TO BE STARTED THIS FISCAL YEAR

Mar. 2012

Mar. 2013

Mar. 2014(Target)(KDDI)&ORECAST FOR CAPEX OF YEAR ENDING -ARCH  STAYS FLAT AT THE c BILLION LEVELWITH SLIGHT INCREASE IN MOBILE RELATED CAPEX AND SLIGHT DECREASE IN FIXED LINE RELATEDCAPEX COMPARED TO PREVIOUS FISCAL YEAR PLUS c BILLION AT NEWLY CONSOLIDATED*#/- AND c BILLION IN STRATEGIC INVESTMENTS DATA CENTERS CLOUD BUSINESS ETC&ORECAST FOR CAPEX TO SALES OF FISCAL YEAR ENDING -ARCH   WITH  
LEVEL THE FUTURE BENCHMARK%XPANSION OF CUSTOMER BASE VIA AU 3MART 6ALUE  MILLION HOUSEHOLDS SUBSCRIBEDIN FISCAL YEAR ENDED -ARCH #UMULATIVE TOTAL AU APPROX  MILLION HOUSEHOLDS FIXED LINE APPROX  MILLION HOUSEHOLDS(Softbank)&ORECAST FOR CAPEX FOR FISCAL YEAR ENDING -ARCH  NOT PUBLISHED IN THE RESULTS
ANNOUNCEMENT BUT FIGURES RELEASED WITH 1 OF FISCAL YEAR ENDED  ANNOUNCEMENTEQUATE TO c BILLION OVERALL#UMULATIVE TOTAL OF PLATINUM BAND BASE STATIONS   AS OF !PRIL  AS A RESULT OF
PLANS BEING MOVING FORWARD

9III-3. Trends in Social Infrastructure and IT Businesses
Ministry of Internal Affairs and Communications-related plans(Draft budget)
Promotion of ICT growth strategy to contribute to economic revival: ¥105.2 billion
Create new value generating industries based on ICT
Promote establishment of ultra-high speed broadband infrastructure
Steady promotion of reconstruction following Great East Japan Earthquake: ¥627.6 billion etc.
Emergence of innovation

More efficient social systems
Creation of new markets and industries

Government
POS data

RetailTemperature/humidity

Thermometer

Sensor data

SNS

Monitoring

Body area network

Explosive increase in data volume

Collection and storage
Collection of data from sensors

Agriculture

Systematic promotion of national infrastructure from a maintenance perspective
Promotion of comprehensive inspection of roads and river management facilites and measures toaddress deterioration: ¥180.4 billion
Promotion of initiatives aimed at the thorough maintenance, management and renewal of social
capital: ¥204.0 billion

User-targeted service delivery

Transport

Health care

Ministry of Land, Infrastructure, Transport and Tourism-related plans

Manufacturing

Stronger international competitiveness

Disasterprevention Education
and research
Probe data
Car navigation
Traceability
Scientific data Environment
Earthquake sensor
Office data
Home energy management system
Consumerelectronics
Explosive increase in data volume

Data

Data

Telecommunications
network infrastructure

Use and application of data
Search and analysis of data

Photo: Project to replace water pipes

Explosive increase in data volume

Transmission
Server/database
Source: Fiscal 2013 Budget Summary, Ministry of Internal Affairs and Communications

Cloud

Photo: Major scale Shuto Expressway renovation is under review
for landscape conservation of the Nihonbashi bridge

Source: Fiscal 2013 Budget Summary, Ministry of Land, Infrastructure, Transport and Tourism

Minister of Economy, Trade and Industry-related plans
Renewable energy-related business (wind power, solar, goethermal, etc.)
Develop next-generation, high-performance solar power stations
Carry out R&D projects for geothermal power-generating technology
Fostering high value added service industries, etc.
Create medical treatment and healthcare-related industry and nursing care business
Increase value added utilizing IT, etc.

Source: Fiscal 2013 Budget Summary, Minister of Economy, Trade and Industry

Domestic IT Market
2013 domestic IT market: ¥13,877.1 billion (down 0.1% year-on-year)
2013 domestic ICT market: ¥25,371.9 billion (up 0.7% year-on-year)(Note: Domestic ICT = IT market + telecommunications services market)
Domestic IT Market and Forecasts by Product: 2012 - 2017
(Unit: ¥100 million)
70,000s (ARDWARE MARKET(down 3.1% year-on-year)

60,00050,00040,000s )4 SERVICES MARKET(up 1.9% year-on-year)

30,00020,00010,0000
2012(ARDWARE

Photo: COMSYS Group Mega-Solar Power Project No. 1, started April 2013 (Hitachiota City, Ibaraki Prefecture)

Source: IDC Japan (22/4/2013)

2013

2014
IT services

2015

2016

Packaged software2017

s 0ACKAGED SOFTWARE MARKET(up 3.7% year-on-year)10 IV. New Structural Reforms: COMSYS WAYa
March 2011

March 2012

March 2013

March 2014

Operating Margin: 3.7%

4.3%

7.1%

7.4%

Innovation 2010
Group Innovation 2010

Strategies tostrengthenfoundation

COMSYS WAY— Sustained, More In-Depth Structural Reform

Improve profitability of IT business
2IGOROUS COST REDUCTIONS AND FIXED COST CUTTING THROUGH PERSONNEL MOBILITY ETCNew developments in new businessess -EGA SOLAR POWER BUSINESS URBAN INFRASTRUCTURE BUSINESS WATER RECYCLING BUSINESS
s .44 MAINTENANCE AND OPERATION BUSINESS ETC

Improve productivity andefficiency by harnessing IT

Rationalization of personnels #UT  PERSONNEL FROM 'ROUP OVERALL

Streamlining of assets
s 2EDUCE DEPRECIATION
s 3ELL IDLE ASSETS ETCAim for intelligent work sitess )NTRODUCE )4 TOOLS SMARTPHONES TABLETS
s 3ECURE COMPETITIVE ADVANTAGE WITHIN THE INDUSTRY ETCCOMSYS WAY a— Advance of structural reforms and top-line growthTop-line growth (p.11)
s !CTIVELY INCREASE ORDERS RECEIVED IN RESPONSE TO
s HIGHER PUBLIC AND )4 INVESTMENTS
s &URTHER EXPAND THE MEGA SOLAR POWER BUSINESSs AND WATER RECYCLING BUSINESSs )NITIATIVES IN GREEN INNOVATION BUSINESS ETCCreation of new construction IT platform (p. 13)
s 2ESPOND TO INCREASE IN SMALL PROJECTSs AND REPEAT SIMILAR PROJECTS
s 4OTAL MANAGEMENT FROM ORDER RECEIPT THROUGH
s TO PROJECT MANAGEMENT
s 2ADICAL REVIEW OF BACK OFFICE OPERATIONS

Restructure Group’s business operating system
s %STABLISHMENT OF NEW COMPANIES /CTOBER s #/-393 -OBILE #ORPORATION &OSTECHNO 3HIKOKU #O ,TD ETCTSUKEN Corporation brought under COMSYS Holdings management
s %LIMINATING REDUNDANT OPERATIONS AMALGAMATION AND CLOSURE OF LOCATIONS AND AMALGAMATION AND CLOSURE OF SUBSIDIARIES ETCs #REATION OF SYNERGIES THROUGH CENTRALIZED PURCHASING AND INTEGRATION OF CORE SYSTEMS

11 IV-1. Top-line Growth
External Environment

Top-line Growth

Generate profits andexpand revenues throughstructural reforms

3,160

Pursue high profit margin throughgreater efficiency and cost reductions

Newbusinesses

3,250

SocialSystem-Related
and OtherIT
Solutions40%

Non-NTTRelated
business

Net Sales

NCC
EngineeringNTT
Engineering

Signs of economic boom due to “Abenomics” (monetary easing, growthstrategies, proactive fiscal policy)
Aggressive public investment by Ministry of Land, Infrastructure, Transport
and Tourism, Ministry of Internal Affairs and Communications and Ministry of
Economy, Trade and Industry
Expansion of private capital expenditure and investment in IT accompanying
measures to bring about inflation and depreciation of the yen

New Businesses
Green innovation businesss &URTHER EXPANSION OF MEGA SOLAR POWER AND WATER RECYCLING BUSINESSES
s $EVELOPMENT OF NEW BUSINESSES IN GREEN INNOVATION FIELD
Enhancement of research and development through establishment of new
4ECHNOLOGY $EVELOPMENT /FFICE
Expansion of lines of business through alliances and M&As

Non-NTT-Related Buisness (social infrastructure business, IT business)
Urban infrastructure businesss 2EINFORCEMENT OF PUBLIC FACILITIES SUCH AS WATER AND SEWER SERVICES
s bridges, expressways and tunnels
Earthquake reconstruction, etc., businesss 'REAT %AST *APAN %ARTHQUAKE LOCAL AUTHORITIES DISASTER PREVENTION RADIOs communications, fire services radio communications
Business in remote monitoring of infrastructure facilities, such as dams, using
network and system integration technology
Expansion into medical treatment and education sectors through alliances, etc.
Expansion of data centers and cloud business

60%

NTT-related
business

NTT-Related business%STABLISHMENT OF RAPID RESPONSE SYSTEM FOR SMALL PROJECTS AND REPEAT SIMILAR
PROJECTS
Expansion of blanket contracting for facility mangement operations(maintenance and management operations) by region
Expansion of orders received through active proposals for maintenance offacilities

Mar. 2013

Mar. 2014 Target

Medium- and Long-Term

12 IV-2. Solar Power Generation-Related Business
Mega-Solar Power Business
Planned locations for construction of power stations

Business investment

Commercialization ﬁnalized
Commercialization under studyNew:¥4.5 billion Cumulative:¥6.9 billion

Other commercialization under study: 10MWs )NVESTMENT c BILLION

Sendai City, Miyagi Prefecture: 2.5MWs )NVESTMENT c BILLION

Showa-mura, Gunma Prefecture: 2.7MWs )NVESTMENT c BILLION

Soo City, Kagoshima Prefecture: 1.9MWs )NVESTMENT c BILLION

Hitachiota City, Ibaraki Prefecture: 2.8MWs )NVESTMENT c BILLION¥2.4 billion
March 2013
Results

Tsu City, Mie Prefecture: 2.7MWs )NVESTMENT c BILLION

March 2014
Targets

Solar Power Construction Business
Orders received: Projected to exceed previous fiscal year at ¥8.0 billion[ Main orders received ]Location¥8.0 billion¥6.0 billion

March 2012
Results

March 2013
Results

March 2014
Targets

Generating capacity

Orders Received

Hyogo Prefecture

3.7MW¥1.0 billion

Tochigi Prefecture

3.0MW¥0.8 billion

Yamanashi Prefecture

2.8MW¥0.8 billion

Kanagawa Prefecture

1.6MW¥0.6 billion

13 IV-3. Creation of New Construction IT Platform
Creating a Platform To Drive Optimal Progress of “Construction Operations ”
Work Flow
System Groups/PERATIONS 3UPPORT 2ELATED 3YSTEMS

OrdersEstimates received

DesignAccount
settlement

Electronic Data
Interchange(EDI) completed

Invoicing/payments

ClientElectronic Data
Interchange(EDI) contract

Marketing/project management

WorkingbudgetMobilePrivatecommunication demandsystems
systems

Completion

Execution

Project
progress

Revenue andexpenditure report

Principal contractor: Onsite representative/supervisor and chief engineer
Electronic contract

Delivery

ReportCompletion

Consolidated companies: project operation Report$ATA 7AREHOUSES(Data application function)

Standard onsite workflow using mobile tools(reports on work procedures, detailed instructions/reports on quality, progress, efficiency, time, etc.)(Data link between systems)-ISSION #RITICAL 3YSTEMS
Marketing, construction,
personnel and finance-related systems, etc.

Electronic contract

Partner companies (Experts in design, construction, back-office operations)Marketing/project management

Accessrelated
systems

Back-office
operations (overhead)

Engineering operations

Marketing operations

Invoicing/payments$EVELOP AND IMPROVE AN OPTIMUM WORK STYLE THROUGH CLASSIFICATION OF REPETITIVE OPERATIONSADAPTATION TO BUSINESS CHANGES AND NATIONWIDE STANDARDIZATION OF WORK FLOW FOR EACH SEGMENT

Basic Concepts
s 3HOW CONSTRUCTION PROGRESS AT A GLANCE ON MOBILE DEVICES AND AUTOMATICALLY OPTIMIZE SYSTEM STRUCTURES ACCORDING TO STANDARDIZED WORK FLOWs "UILD DATA FLOW THROUGH SYSTEM VIA DATA WAREHOUSE TO INTEGRATE CONSTRUCTION MANAGEMENT IN EACH BUSINESS

14 V. Policy on Shareholder Returns and Status of Treasury StockNet Income(Unit: ¥100 million)

Net Income

150

100

150

132
50

50

70

95

30

71

30

40

Treasury
Stock

50

TreasuryStock

24 Dividends

24

Dividends

25

25

25

March 2010

March 2011

March 2012

March 2013

March 2014 (Planned)

Dividends per Share (annual)

¥20

¥20

¥20

¥20

¥20

Consolidated Payout Ratio

36.2%

27.1%

36.0%

18.7%

16.4%

106.2%

58.3%

77.7%

48.7%

49.3%

0

Total Return Ratio
Dividends + treasury stock
Net income

Acquisition planned in
the current fiscal year
Use in implementing
management integration
with TSUKEN Corporation
8.35 million shares

23.01 million shares

20.27 million shares

Acquisitions of Treasury Stock19.18 million shares
Newly acquired portion
5.25 million shares(Approximately ¥5 billion)

16.12 million shares
Newly acquired portion
3.61 million shares(Approximately ¥3 billion)

Newly acquired portion
3.52 million shares(Approximately ¥3 billion)

Newly acquired portion
4.16 million shares(Approximately ¥4 billion)

5 million shares(Approximately ¥5 billion)

Number ofshares held
22.74 million
sharesCautionary Statement with Respect to Forward-Looking Statements
Forecast figures contained in these presentation materials are forward-looking
statements that assume underlying risks and uncertain factors.
Accordingly, it should be recognized that actual results may differ from suchforward-looking statements due to a variety of factors.
Important factors that could affect results include, but are not limited to,changes in economic conditions and social trends relevant to the Group’sbusiness areas, and downward pressure on prices for the services provided by
the Group owing to fluctuations in demand and intensified competition.