Financial Highlights

Financial Highlights 1. INFORMATION OF EPS Co,Ltd & CONSOLIDATED SUBSIDIARIES 2013.09 (2012.10.1-2013.9.30) (1) CONSOLIDATED OPERATING RESULTS Net sales Operating Income Ordinary Income Net Income 37,584 ( 6.8% ) 3,497 ( 32.4% ) 3,540 ( 30.5% ) 1,709 ( 22.5% ) 35,202 ( 9.9% ) 5,174 ( 7.7% ) 5,091 ( 6.3% ) 2,207 ( 1.7% ) Note : Comprehensive income 2,665 Million yen ( 2.4% ) 2,601 Million yen ( 12.7% ) Net Income per Share (yen) 4,781.13 6,171.70 Net Income per Share, diluted (yen) Return on Shareholders' equity(%) 10.3 14.9 Ordinary income to total assets(%) 12.4 20.3 Operating income to net sales(%) 9.3 14.7 Notes: 1 Percentages for net sales, operating income, ordinary income, net income and comprehensive income indicate growth ratio to previous year. 2 As each share of common stock has been split into 2 shares as of 1st April 2013, above net income per share show the amount based on as if share split were considered to be effective on 1st October 2011 retroactively. (2) CONSOLIDATED FINANCIAL INFORMATION Total Assets 30,323 26,647 Net assets 20,060 18,436 Shareholders' Equity ratio (%) 57.7 58.6 Shareholders' Equity per share (yen) 48,890.72 43,640.25 Note : Total shareholders' Equity and valuation and translaion adjustments as of : 17,485 Million yen 15,608 Million yen (3) CONSOLIDATED CASH FLOW INFORMATION Net cash provided by (used in) operating activities 640 4,038 Net cash provided by (used in) investing activities 3,028 945 Net cash provided by (used in) financing activities 1,849 1,101 Ending balance of cash and cash equivalents 10,629 10,663 (4) CONSOLIDATED SUBSIDIARIES Consolidated subsidiaries : 32 companies Associated companies by equity accounting method : 3 companies 2.OVERALL SITUATION OF DIVIDEND DISTRIBUTION Sep-14 Interim Dividend (Result) 1,600.00 (Result) 1,600.00 (Projection) 800.00 Cash Dividends per share Year end Dividend 1,900.00 1,000.00 1,000.00 Annual 3,500.00 1,800.00 Total dividend amount (Million Yen) Dividend ratio to net income (%) ( UNIT:JPY ) Dividend ratio to shareholders' equity (%) 625 28.4 4.2 643 37.6 3.9 Note : As each share of common stock has been split into 2 shares as of 1st April 2013, above year end dividend shows the amount after this split, in spite that interim dividend remains before split. 3. INFORMATION OF CONSOLIDATED BUDGET 2014.09 (2013.10.1-2014.9.30) Net sales Operating Income Mar-14 19,880 ( 9.0% ) 1,302 ( 25.2% ) 1,338 ( 18.3% ) 611 ( 9.1% ) Sep-14 40,961 ( 9.0% ) 4,110 ( 17.5% ) 4,150 ( 17.2% ) 2,006 ( 17.3% ) Budgeted net income per share : Mar-14 1,708.36 yen Sep-14 5,608.80 yen Ordinary Income Net Income Notes : 1 Above figures may differ from actual results as uncertain various factors may affect future earnings. 2 Percentages for net sales, operating income, ordinary income, and net income indicate growth ratio to previous year.

4. OTHER INFORMATION (1) Total shares issued and outstanding as of : 361,600 shares 361,600 shares (2) Common stock for treasury as of : 3,948 shares 3,948 shares (3) Average number of shares outstanding during the period as of : 357,652 shares 357,652 shares Note : As each share of common stock has been split into 2 shares as of 1st April 2013, each number of shares above shows the amount based on as if share split were considered to be effective on 1st October 2011 retroactively. 5. INFORMATION OF NON-CONSOLIDATED 2013.09 (1) OPERATING RESULTS Net sales Operating Income Ordinary Income Net Income 21,417 ( 3.2% ) 3,052 ( 16.6% ) 3,269 ( 12.9% ) 2,050 ( 8.6% ) 20,752 ( 13.4% ) 3,660 ( 0.3% ) 3,751 ( 1.4% ) 2,244 ( 15.8% ) Net Income per Share (yen) 5,734.12 6,276.86 Net Income per Share, diluted (yen) Note : Percentages for net sales, operating income, ordinary income, and net income indicate growth ratio to previous year. (2) FINANCIAL INFORMATION Total Assets 23,908 19,474 Net assets 15,435 14,061 Shareholders' Equity ratio (%) 64.6 72.2 Shareholders' Equity per share (yen) 43,157.35 39,316.74 Note : Total shareholders' Equity as of : 15,435 Million yen 14,061 Million yen 6. INFORMATION OF NON-CONSOLIDATED BUDGET 2014.09 (2013.10.1-2014.9.30) Net sales Ordinary Income Net Income Mar-14 10,721 ( 1.4% ) 1,007 ( 45.8% ) 604 ( 41.7% ) Sep-14 22,508 ( 5.1% ) 3,266 ( 0.1% ) 1,960 ( 4.4% ) Budgeted net income per share : Mar-14 1,688.79 yen Sep-14 5,480.19 yen Notes : 1 Above figures may differ from actual results as uncertain various factors may affect future earnings. 2 Percentages for net sales, operating income, ordinary income, and net income indicate growth ratio to previous year.

CONSOLIDATED BALANCE SHEETS SEPTEMBER 30, 2013 AND 2012 (IN THOUSANDS,JPY) 2013 2012 ASSETS CURRENT ASSETS Cash and time deposits 10,474,905 10,576,625 Notes and accounts receivable 7,516,328 7,320,867 Inventories and products 643,114 415,319 Works in progress 488,997 506,388 Deferred tax assets 632,022 761,027 Others 2,134,628 967,161 Allowance for doubtful accounts 22,771 4,050 Total current assets 21,867,224 20,543,338 FIXED ASSETS TangibleAssets ; Building and leasehold improvements 2,697,833 2,053,367 Accumulated depreciation 498,408 485,428 Furniture and fixtures 893,761 630,907 Accumulated depreciation 561,712 430,758 Other tangible assets 186,784 282,141 Accumulated depreciation 128,234 168,827 Total property and equipment 2,590,022 1,881,401 IntangibleAssets ; Goodwill 983,391 479,484 Others 427,470 334,763 Total intangible assets 1,410,862 814,248 Investments and other assets ; Investment securities 1,067,676 587,383 Long-term loans receivable 600,527 105,154 Deposits 1,624,702 1,287,155 Deferred tax assets 347,287 340,055 Others 815,433 1,088,674 Total investments and other assets 4,455,626 3,408,423 Total fixed assets 8,456,510 6,104,074 TOTAL ASSETS 30,323,735 26,647,412

LIABILITIES CURRENT LIABILITIES Accounts payable 709,487 252,027 Short-term debt 170,000 15,000 Current portion of long-term debt 444,000 100,000 Income taxes payable 815,640 1,455,156 Provision for bonuses 1,032,416 1,094,398 Provision for loss on order received 20,000 108,000 Others 2,917,392 3,292,666 Total current liabilities 6,108,935 6,317,248 LONG-TERM LIABILITIES Long-term debt 2,856,000 800,000 Provision for employee's retirement benefits 657,361 515,997 Provision for director's retirement benefits 249,452 241,664 Asset retirement obligations 327,474 274,805 Others 63,547 61,355 Total long-term liabilities 4,153,835 1,893,822 TOTAL LIABILITIES 10,262,770 8,211,071 NET ASSETS Shareholders' equity Common stock 1,875,251 1,875,251 Additional paid-in capital 1,826,300 1,826,300 Retained earnings 13,485,740 12,401,651 Common stock for treasury 317,258 317,258 Total shareholders' equity 16,870,034 15,785,945 Accumulated other comprehensive income (or loss) Unrealized gain (or loss) on available-for-sale securities Foreign currency translation adjustments 108,881 724,710 57,555 120,366 Total accumulated other comprehensive income (or loss) 615,828 177,921 Minority interests 2,575,101 2,828,317 TOTAL NET ASSETS 20,060,964 18,436,341 TOTAL LIABILITIES AND NET ASSETS 30,323,735 26,647,412

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME FOR THE YEARS ENDED SEPTEMBER 30, 2013 AND 2012 (IN THOUSANDS,JPY) 2013 2012 NET SALES 37,584,381 35,202,880 COST OF SALES 27,398,061 23,551,266 Gross profit 10,186,320 11,651,613 SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 6,688,582 6,476,958 Operating income 3,497,737 5,174,654 OTHER INCOME (EXPENSES) Interest income 22,490 12,163 Interest expenses 25,254 23,758 Foreign exchange gain or loss ( loss) 18,270 105,558 Gain on cancellation of life insurance 31,954 24,636 Service fee income 8,652 7,726 Gain on sale of investment securities 189,489 10,980 Gain or loss of equity in associated companies ( loss) 66,282 17,224 Subsidy in consolidated subsidiaries 50,085 62,997 Dividends income 8,887 7,693 Gain on sale of investments of subsidiaries and affiliates 112,332 Gain on sale of investments in capital of subsidiaries and affiliates 37,822 Impairment loss on investment securities 209,223 31,054 Impairment loss on goodwill 196,472 Business restructuring expense 87,584 Others- net 43,602 107,609 Other income (expenses)-net 61,228 159,007 Income before income taxes and minority interests 3,436,508 5,015,647 INCOME TAXES Current 1,455,587 2,332,291 Deferred 151,419 154,195 Total 1,607,007 2,486,486 Income before minority interests 1,829,500 2,529,161 MINORITY INTERESTS 119,521 321,840 NET INCOME 1,709,979 2,207,320 Income before minority interests 1,829,500 2,529,161 OTHER COMPREHENSIVE INCOME Unrealized gain (or loss) on available-for-sale securities 51,326 5,038 Foreign currency translation adjustments 870,268 66,234 Share of other comprehensive income of associates in equity method 16,925 1,523 Total 835,867 72,796 COMPREHENSIVE INCOME 2,665,368 2,601,957 Comprehensive income attributable to parent shareholders 2,503,730 2,272,582 Comprehensive income attributable to minority interests 161,637 329,375

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS FOR THE YEARS ENDED SEPTEMBER 30, 2013 AND 2012 (IN THOUSANDS,JPY) 2013 2012 Shareholders' equity Common stock Balance at beginning of the year 1,875,251 1,875,251 Net changes during the period Balance at ending of the year 1,875,251 1,875,251 Additional paid-in capital Balance at beginning of the year 1,826,300 1,826,300 Net changes during the period Balance at ending of the year 1,826,300 1,826,300 Retained earnings Balance at beginning of the year 12,401,651 10,820,222 Cash dividends 625,891 625,891 Net income 1,709,979 2,207,320 Net changes during the period 1,084,088 1,581,429 Balance at ending of the year 13,485,740 12,401,651 Common stock for treasury Balance at beginning of the year 317,258 317,258 Net changes during the period Balance at ending of the year 317,258 317,258 Total of shareholders' equity Balance at beginning of the year 15,785,945 14,204,516 Cash dividends 625,891 625,891 Net income 1,709,979 2,207,320 Net changes during the period 1,084,088 1,581,429 Balance at ending of the year 16,870,034 15,785,945 Accumulated other comprehensive income (or loss) Unrealized gain (or loss) on available-for-sale securities Balance at beginning of the year 57,555 62,593 Net increasedecrease) during the period 51,326 5,038 Net changes during the period 51,326 5,038 Balance at ending of the year 108,881 57,555 Foreign currency translation adjustments Balance at beginning of the year 120,366 180,589 Net increase (decrease) during the period 845,076 60,222 Net changes during the period 845,076 60,222 Balance at ending of the year 724,710 120,366 Total accumulated other comprehensive income (or loss) Balance at beginning of the year 177,921 243,183 Net increase (decrease) during the period 793,750 65,261 Net changes during the period 793,750 65,261 Balance at ending of the year 615,828 177,921

Minority interests Balance at beginning of the year 2,828,317 2,463,006 Net increase (decrease) during the period 253,216 365,311 Net changes during the period 253,216 365,311 Balance at ending of the year 2,575,101 2,828,317 TOTAL NET ASSETS Balance at beginning of the year 18,436,341 16,424,339 Cash dividends 625,891 625,891 Net income 1,709,979 2,207,320 Net increase (decrease) during the period 540,534 430,572 Net changes during the period 1,624,622 2,012,002 Balance at ending of the year 20,060,964 18,436,341

(IN THOUSANDS,JPY) CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED SEPTEMBER 30, 2013 AND 2012 2013 2012 OPERATING ACTIVITIES: Income before income taxes and minority interests 3,436,508 5,015,647 Adjustments to reconcile income before income taxes and minority interests to net cash provided by operating activities: Depreciation and amortization 638,900 495,882 Impairment loss on goodwill 196,472 Gain (or loss) on equity of affiliates (-net) 66,282 17,224 Increase(decrease) in provision for bonuses 71,792 125,189 Increase(decrease) in allowance for retirement benefits for employees 141,363 97,506 Increase(decrease) in allowance for retirement benefits for directors 7,787 26,088 Interest and dividends income 31,378 19,857 Interest expense 25,254 23,758 Gain (or loss) on sales of investment securities (-net) 189,489 10,980 Impairment loss on investment securities 209,223 31,054 Gain (or loss) on sales of investments of subsidiaries and affiliates (-net) 112,332 Gain (or loss) on sales of investments in capital of subsidiaries and affiliates (-net) 37,822 Business restructuring expense 87,584 Changes in operating assets and liabilities: Decrease ( increase) in accounts receivable-trade 2,250 279,673 Decrease ( increase) in inventories and products 345,633 87,266 Increase (decrease) in accounts payable -trade 87,214 33,739 Increase (decrease) in other current liabilities 824,254 932,461 Others, Net 434,149 21,835 Subtotal 2,847,487 6,259,284 Interest and dividends received 31,488 17,828 Interest paid 25,142 18,573 Income taxes paid 2,212,872 2,220,329 Net cash provided by (used in) operating activities 640,961 4,038,209 INVESTING ACTIVITIES: Payments for time deposits 32,176 525,879 Proceeds from maturity of time deposits 531,673 485,154 Payments for purchases of tangible fixed assets 538,120 556,793 Payments for purchases of intangible fixed assets 160,828 135,519 Purchase of investment securities 1,141,426 156,336 Purchase of investments in subsidiaries 602,000 2,985 Proceeds from sales of investment securities 413,636 24,529 Payment for deposit for rent office and others 422,228 111,975 Payment for insurance reserve fund 123,054 110,823 Purchase of investments in subsidiaries resulting in change in scope of consolidation 454,345 52,945 Purchase of investments in capital of subsidiaries resulting in change in scope of consolidation 653,342 Proceeds from sales of investments in subsidiaries resulting in change in scope of consolidation 24,765 Others, Net 129,275 197,695 Net cash provided by (used in) investing activities 3,028,172 945,878 FINANCING ACTIVITIES: Proceeds from borrowing short-term debt 4,530,000 1,378,000 Disbursements for repayment of short-term debt 4,375,000 1,713,221 Proceeds from borrowing long-term debt 2,500,000 Disbursements for repayment of long-term debt 100,000 100,000 Dividends paid 626,012 625,144 Dividends paid to minority stockholders 56,976 48,123 Others, Net 22,759 6,837 Net cash provided by (used in) financing activities 1,849,250 1,101,650 EFFECT OF EXCHANGE DIFFERENCE ON CASH & CASH EQUIVALENTS 503,588 45,392 NET INCREASE DECREASE) IN CASH AND CASH EQUIVALENTS 34,371 2,036,072 BEGINNING OF BALANCE, CASH AND CASH EQUIVALENTS 10,663,816 8,627,744 ENDING OF BALANCE, CASH AND CASH EQUIVALENTS 10,629,445 10,663,816

STATEMENT OF ORDER ENTRY AND SALES BY ITEMS FOR THE YEAR ENDED SEPTEMBER 30, 2013 (1) RESULT OF ORDER ENTRY DIVISION year-to-year comparison (%) year-to-year comparison (%) CRO Monitoring 11,406,807 105.9% 15,512,653 103.8% Data Management 7,586,893 92.5% 12,612,262 96.9% CRO others 3,640,415 112.0% 2,038,578 166.6% TOTAL OF CRO 22,634,116 101.8% 30,163,494 103.4% SMO 5,203,357 73.9% 7,220,130 94.7% CSO 5,910,728 109.2% 4,111,499 108.2% Global Research 2,766,662 428.8% 3,759,388 156.9% China Business 2,951,069 1,572.6% 60,661 58.4% TOTAL 39,465,935 111.1% 45,315,174 105.1% * These figures are expressed by sales price. * These above figures do not include consumption tax. (2) RESULT OF SALES DIVISION AMOUNT OF ORDER ENTRY (IN THOUSANDS, JPY ) 2013.09 <2012.10.1-2013.9.30> 2013.09 <2012.10.1-2013.9.30> ORDER BACKLOG (IN THOUSANDS, JPY ) AMOUNT OF SALES (IN THOUSANDS, JPY ) year-to-year comparison (%) CRO Monitoring Data Management CRO others TOTAL OF CRO SMO CSO Global Research China Business TOTAL * These above figures do not include the consumption tax. 10,861,917 7,986,625 2,798,470 21,647,013 5,607,468 5,598,659 1,675,532 3,055,707 37,584,381 105.1% 92.0% 89.7% 97.8% 94.9% 95.8% 150.9% 1,443.1% 106.8% FY 2013 (2012.10.1-2013.9.30) CRO SMO CSO Global Research China Business Total (IN THOUSANDS, JPY) Eliminations/ Corporate Consolidation SALES Sales to customers 21,647,013 5,607,468 5,598,659 1,675,532 3,055,707 37,584,381 37,584,381 Intersegment sales 697,847 96,079 67,395 94,137 235,927 1,191,387 (1,191,387) Total 22,344,860 5,703,547 5,666,054 1,769,670 3,291,635 38,775,768 (1,191,387) 37,584,381 Segment income 2,858,147 400,587 30,784 (52,881) 256,286 3,492,925 4,811 3,497,737 * Segment income of 4,811 thousand yen under "Eliminations/ Corporate" consists of elimination of inter-segment and other transactions. * From FY2013, segment definition has been changed to 5 categories of "CRO", "SMO", "CSO", "Global Research" and "China business", as newly setting up "Global Research" and "China business" segments which were belonged to "CRO" business in previous year. Reclassified segment information of the same period in previous year is as follows: FY 2012 (2011.10.1-2012.9.30) CRO SMO INDUSTRY SEGMENT FOR THE YEARS ENDED SEPTEMBER 30, 2013 AND 2012 CSO Global Research China Business Total (IN THOUSANDS, JPY) Eliminations/ Corporate Consolidation SALES Sales to customers 22,130,744 5,905,938 5,844,340 1,110,116 211,740 35,202,880 35,202,880 Intersegment sales 247,653 48,601 77,810 199,182 573,247 (573,247) Total 22,378,397 5,905,938 5,892,942 1,187,926 410,922 35,776,128 (573,247) 35,202,880 Segment income 4,266,559 786,987 599,721 (8,664) (477,886) 5,166,717 7,937 5,174,654 * Segment income of 7,937 thousand yen under "Eliminations/ Corporate" consists of elimination of inter-segment and other transactions.