Financial Highlights

Financial Highlights 1. INFORMATION OF EPS Corporation & CONSOLIDATED SUBSIDIARIES 2014.09 (2013.10.1-2014.9.30) (1) CONSOLIDATED OPERATING RESULTS Net sales Operating Income Ordinary Income Net Income 41,800 ( 11.2% ) 4,491 ( 28.4% ) 4,242 ( 19.8% ) 1,828 ( 6.9% ) 37,584 ( 6.8% ) 3,497 ( 32.4% ) 3,540 ( 30.5% ) 1,709 ( 22.5% ) Note : Comprehensive income 2,573 Million yen ( 3.5% ) 2,665 Million yen ( 2.4% ) Net Income per Share (yen) 51.55 47.81 Net Income per Share, diluted (yen) Return on Shareholders' equity(%) 10.0 10.3 Ordinary income to total assets(%) 13.1 12.4 Operating income to net sales(%) 10.7 9.3 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 100 shares as of 1st April 2014, above net income per share shows the amount based on as if share split were considered to be effective on 1st October 2012 retroactively. (2) CONSOLIDATED FINANCIAL INFORMATION Total Assets 34,689 30,323 Net assets 21,230 20,060 Shareholders' Equity ratio (%) 54.5 57.7 Shareholders' Equity per share (yen) 533.50 488.91 Note : Total shareholders' Equity and valuation and translaion adjustments as of : 18,917 Million yen 17,485 Million yen (3) CONSOLIDATED CASH FLOW INFORMATION Net cash provided by (used in) operating activities 4,431 640 Net cash provided by (used in) investing activities 3,051 3,028 Net cash provided by (used in) financing activities 624 1,849 Ending balance of cash and cash equivalents 11,692 10,629 (4) CONSOLIDATED SUBSIDIARIES Consolidated subsidiaries : 36 companies Associated companies by equity accounting method : 4 companies 2.OVERALL SITUATION OF DIVIDEND DISTRIBUTION Sep-15 Interim Dividend (Result) 1,600.00 (Result) 800.00 (Projection) 8.00 Cash Dividends per share Year end Dividend 1,000.00 10.00 10.00 Annual Total dividend amount (Million Yen) 643 643 18.00 Dividend ratio to net income (%) 37.6 34.9 ( UNIT:JPY ) Dividend ratio to shareholders' equity (%) 3.9 3.5 Note : As each share of common stock has been split into 2 shares as of 1st April 2013, and 100 shares as of 1st April 2014, above year end dividend shows the amount after each split. For reference purpose only, if such share splits become effective as at 1st October 2012 retroactively, dividend distribution for each fiscal year may become as follows, (Result) Annual: 18.00 (Interim Dividend: 8.00, Year end Dividend: 10.00) (Result) Annual: 18.00 (Interim Dividend: 8.00, Year end Dividend: 10.00) 3. INFORMATION OF CONSOLIDATED BUDGET 2015.09 (2014.10.1-2015.9.30) Net sales Operating Income Mar-15 21,396 ( 7.8% ) 1,728 ( 10.1% ) 1,554 ( 21.4% ) 651 ( 27.4% ) Sep-15 44,120 ( 5.6% ) 4,625 ( 3.0% ) 4,327 ( 2.0% ) 1,937 ( 6.0% ) Budgeted net income per share : Mar-15 17.12 yen Sep-15 50.93 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 : 36,160,000 shares 36,160,000 shares (2) Common stock for treasury as of : 699,900 shares 394,800 shares (3) Average number of shares outstanding during the period as of : 35,463,008 shares 35,765,200 shares Note : As each share of common stock has been split into 100 shares as of 1st April 2014, above each number of shares shows the amount based on as if share split were considered to be effective on 1st October 2012 retroactively. 5. INFORMATION OF NON-CONSOLIDATED 2014.09 (1) OPERATING RESULTS Net sales Operating Income Ordinary Income Net Income 22,475 ( 4.9% ) 3,632 ( 19.0% ) 3,873 ( 18.5% ) 2,429 ( 18.4% ) 21,417 ( 3.2% ) 3,052 ( 16.6% ) 3,269 ( 12.9% ) 2,050 ( 8.6% ) Net Income per Share (yen) 68.50 57.34 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 26,609 23,908 Net assets 16,728 15,435 Shareholders' Equity ratio (%) 62.9 64.6 Shareholders' Equity per share (yen) 471.77 431.57 Note : Total shareholders' Equity as of : 16,728 Million yen 15,435 Million yen

CONSOLIDATED BALANCE SHEETS SEPTEMBER 30, 2014 AND 2013 (IN THOUSANDS,JPY) 2014 2013 ASSETS CURRENT ASSETS Cash and time deposits 10,680,900 10,474,905 Notes and accounts receivable 8,613,602 7,516,328 Investment securities 1,067,572 171,766 Inventories 813,048 643,114 Works in progress 695,029 488,997 Deferred tax assets 680,678 632,022 Others 2,021,669 1,962,861 Allowance for doubtful accounts 25,215 22,771 Total current assets 24,547,284 21,867,224 FIXED ASSETS TangibleAssets ; Building and leasehold improvements 2,878,689 2,697,833 Accumulated depreciation 543,239 498,408 Furniture and fixtures 942,861 893,761 Accumulated depreciation 630,666 561,712 Other tangible assets 286,741 186,784 Accumulated depreciation 162,839 128,234 Total property and equipment 2,771,547 2,590,022 IntangibleAssets ; Goodwill 1,512,580 983,391 Others 692,465 427,470 Total intangible assets 2,205,046 1,410,862 Investments and other assets ; Investment securities 1,938,790 1,067,676 Long-term loans receivable 716,207 600,527 Deposits 1,504,672 1,624,702 Deferred tax assets 366,850 347,287 Net defined benefit asset 6,649 Others 935,566 815,433 Allowance for doubtful accounts 303,239 Total investments and other assets 5,165,498 4,455,626 Total fixed assets 10,142,092 8,456,510 TOTAL ASSETS 34,689,377 30,323,735 LIABILITIES CURRENT LIABILITIES Accounts payable 1,040,936 709,487 Short-term debt 715,000 170,000 Current portion of long-term debt 444,000 444,000 Income taxes payable 1,757,705 815,640 Provision for bonuses 1,130,279 1,032,416 Provision for loss on order received 41,000 20,000 Others 4,009,077 2,917,392 Total current liabilities 9,137,999 6,108,935

LONG-TERM LIABILITIES Long-term debt 2,746,663 2,856,000 Provision for employee's retirement benefits - 657,361 Provision for director's retirement benefits 241,692 249,452 Net defined benefit liability 761,879 Asset retirement obligations 352,212 327,474 Others 218,331 63,547 Total long-term liabilities 4,320,779 4,153,835 TOTAL LIABILITIES 13,458,779 10,262,770 NET ASSETS Shareholders' equity Common stock 1,875,251 1,875,251 Additional paid-in capital 1,826,300 1,826,300 Retained earnings 14,670,013 13,485,740 Common stock for treasury 653,479 317,258 Total shareholders' equity 17,718,087 16,870,034 Accumulated other comprehensive income (or loss) Unrealized gain (or loss) on available-for-sale securities Deferred gain (or loss) on hedges 113 Foreign currency translation adjustments 1,461,578 724,710 Remeasurements of defined benefit plans 1,054 Total accumulated other comprehensive income (or loss) 262,913 108,881 1,199,832 615,828 Minority interests 2,312,677 2,575,101 TOTAL NET ASSETS 21,230,597 20,060,964 TOTAL LIABILITIES AND NET ASSETS 34,689,377 30,323,735

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME FOR THE YEARS ENDED SEPTEMBER 30, 2014 AND 2013 (IN THOUSANDS,JPY) 2014 2013 NET SALES 41,800,735 37,584,381 COST OF SALES 29,601,526 27,398,061 Gross profit 12,199,208 10,186,320 SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 7,707,613 6,688,582 Operating income 4,491,595 3,497,737 OTHER INCOME (EXPENSES) Interest income 47,927 22,490 Interest expenses 34,245 25,254 Provision for allowance for doubtful accounts 303,239 Foreign exchange gain or loss ( loss) 98,615 18,270 Gain on cancellation of life insurance 49,619 31,954 Service fee income 9,400 8,652 Gain or loss of equity in associated companies ( loss) 6,679 66,282 Loss on changes in equity interest 23,604 Dividends income 7,839 8,887 Impairment loss on investment securities 13,974 209,223 Others- net 78,818 149,275 Other income (expenses)-net 239,543 61,228 Income before income taxes and minority interests 4,252,051 3,436,508 INCOME TAXES Current 2,329,630 1,455,587 Deferred 39,835 151,419 Total 2,289,795 1,607,007 Income before minority interests 1,962,256 1,829,500 MINORITY INTERESTS 134,209 119,521 NET INCOME 1,828,046 1,709,979 Income before minority interests 1,962,256 1,829,500 OTHER COMPREHENSIVE INCOME Unrealized gain (or loss) on available-for-sale securities 154,032 51,326 Deferred gain (or loss) on hedges 248 Foreign currency translation adjustments 721,813 870,268 Share of other comprehensive income of associates in equity method 43,014 16,925 Total 611,044 835,867 COMPREHENSIVE INCOME 2,573,301 2,665,368 Comprehensive income attributable to parent shareholders 2,410,996 2,503,730 Comprehensive income attributable to minority interests 162,305 161,637

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS FOR THE YEARS ENDED SEPTEMBER 30, 2014 AND 2013 (IN THOUSANDS,JPY) 2014 2013 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 13,485,740 12,401,651 Cash dividends 643,773 625,891 Net income 1,828,046 1,709,979 Net changes during the period 1,184,273 1,084,088 Balance at ending of the year 14,670,013 13,485,740 Common stock for treasury Balance at beginning of the year 317,258 317,258 Purchases of common stock for treasury 399,695 Sales of common stock for treasury 63,475 Net changes during the period 336,220 Balance at ending of the year 653,479 317,258 Total of shareholders' equity Balance at beginning of the year 16,870,034 15,785,945 Cash dividends 643,773 625,891 Net income 1,828,046 1,709,979 Purchases of common stock for treasury 399,695 Sales of common stock for treasury 63,475 Net changes during the period 848,053 1,084,088 Balance at ending of the year 17,718,087 16,870,034 Accumulated other comprehensive income (or loss) Unrealized gain (or loss) on available-for-sale securities Balance at beginning of the year 108,881 57,555 Net increasedecrease) during the period 154,032 51,326 Net changes during the period 154,032 51,326 Balance at ending of the year 262,913 108,881 Deferred gain (or loss) on hedges Balance at beginning of the year 120,366 Net increase (decrease) during the period 113 845,076 Net changes during the period 113 845,076 Balance at ending of the year 113 724,710 Foreign currency translation adjustments Balance at beginning of the year 724,710 120,366 Net increase (decrease) during the period 736,868 845,076 Net changes during the period 736,868 845,076 Balance at ending of the year 1,461,578 724,710 Remeasurements of defined benefit plans Balance at beginning of the year

Net increase (decrease) during the period 1,054 Net changes during the period 1,054 Balance at ending of the year 1,054 Total accumulated other comprehensive income (or loss) Balance at beginning of the year 615,828 177,921 Net increase (decrease) during the period 584,003 793,750 Net changes during the period 584,003 793,750 Balance at ending of the year 1,199,832 615,828 Minority interests Balance at beginning of the year 2,575,101 2,828,317 Net increase (decrease) during the period 262,423 253,216 Net changes during the period 262,423 253,216 Balance at ending of the year 2,312,677 2,575,101 TOTAL NET ASSETS Balance at beginning of the year 20,060,964 18,436,341 Cash dividends 643,773 625,891 Net income 1,828,046 1,709,979 Purchases of common stock for treasury 399,695 Sales of common stock for treasury 63,475 Net increase (decrease) during the period 321,580 540,534 Net changes during the period 1,169,633 1,624,622 Balance at ending of the year 21,230,597 20,060,964

(IN THOUSANDS,JPY) CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED SEPTEMBER 30, 2014 AND 2013 2014 2013 OPERATING ACTIVITIES: Income before income taxes and minority interests 4,252,051 3,436,508 Adjustments to reconcile income before income taxes and minority interests to net cash provided by operating activities: Depreciation and amortization 780,910 638,900 Gain (or loss) on equity in associated companies (-net) 6,679 66,282 Increase (decrease) in provision for bonuses 24,261 71,792 Increase (decrease) in net defined benefit liability 104,518 Increase (decrease) in allowance for retirement benefits for directors 7,759 7,787 Interest and dividends income 55,766 31,378 Interest expense 34,245 25,254 Impairment loss on investment securities 13,974 209,223 Gain (or loss) on changes in equity interest (-net) 23,604 Changes in operating assets and liabilities: Decrease ( increase) in accounts receivable-trade 691,951 2,250 Decrease ( increase) in inventories 226,012 345,633 Increase (decrease) in allowance for doubtful accounts 300,780 59 Increase (decrease) in accounts payable -trade 241,704 87,214 Increase (decrease) in other current liabilities 966,868 824,254 Others, Net 91,635 348,313 Subtotal 5,812,535 2,847,487 Interest and dividends received 55,766 31,488 Interest paid 35,098 25,142 Income taxes paid 1,401,737 2,212,872 Net cash provided by (used in) operating activities 4,431,465 640,961 INVESTING ACTIVITIES: Payments for time deposits 138,242 32,176 Proceeds from maturity of time deposits 103,695 531,673 Payments for purchases of tangible fixed assets 439,273 538,120 Payments for purchases of intangible fixed assets 306,554 160,828 Purchase of investment securities 983,851 1,141,426 Purchase of investments in subsidiaries 201,562 602,000 Proceeds from sales of investment securities 7,319 413,636 Payment for deposit for rent office and others 225,087 422,228 Proceeds from collection of deposit for rent office and others 502,836 96,312 Payment for insurance reserve fund 133,724 123,054 Purchase of investments in capital of subsidiaries 386,666 Purchase of investments in subsidiaries 798,391 Others, Net 52,172 1,049,959 Net cash provided by (used in) investing activities 3,051,676 3,028,172 FINANCING ACTIVITIES: Proceeds from borrowing short-term debt 3,445,000 4,530,000 Disbursements for repayment of short-term debt 2,900,000 4,375,000 Proceeds from borrowing long-term debt 400,000 2,500,000 Disbursements for repayment of long-term debt 509,336 100,000 Purchases of common stock for treasury 399,695 Proceeds from sales of common stock for treasury 70,373 Dividends paid 643,204 626,012 Dividends paid to minority stockholders 48,957 56,976 Others, Net 39,016 22,759 Net cash provided by (used in) financing activities 624,838 1,849,250 EFFECT OF EXCHANGE DIFFERENCE ON CASH & CASH EQUIVALENTS 308,156 503,588 NET INCREASE DECREASE) IN CASH AND CASH EQUIVALENTS 1,063,107 34,371 BEGINNING OF BALANCE, CASH AND CASH EQUIVALENTS 10,629,445 10,663,816 ENDING OF BALANCE, CASH AND CASH EQUIVALENTS 11,692,552 10,629,445

STATEMENT OF ORDER ENTRY AND SALES BY ITEMS FOR THE YEAR ENDED SEPTEMBER 30, 2014 (1) RESULT OF ORDER ENTRY DIVISION year-to-year comparison (%) year-to-year comparison (%) CRO Monitoring 13,492,500 118.3% 17,836,398 115.0% Data Management 9,509,981 125.3% 14,269,070 113.1% CRO others 2,410,884 101.2% 2,289,502 119.7% TOTAL OF CRO 25,413,367 118.9% 34,394,971 114.5% SMO 6,530,215 125.5% 8,041,103 111.4% CSO 6,563,522 111.0% 4,763,345 115.9% Global Research Business 2,898,062 104.7% 3,926,733 104.5% China Business 3,429,052 117.0% 51,161 84.3% Others 1,489,719 116.5% 134,227 106.2% TOTAL 46,323,940 117.4% 51,311,544 113.2% * These figures are expressed by sales price. * These above figures do not include the consumption tax. (2) RESULT OF SALES DIVISION AMOUNT OF ORDER ENTRY (IN THOUSANDS, JPY ) 2014.09 <2013.10.1-2014.9.30> 2014.09 <2013.10.1-2014.9.30> 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 Business China Business Others TOTAL 13,029,123 8,039,092 2,232,833 23,301,049 5,709,242 5,900,983 1,969,019 3,438,553 1,481,886 41,800,735 120.0% 100.7% 151.5% 114.7% 101.8% 105.4% 117.5% 113.3% 110.3% 111.2% * These above figures do not include the consumption tax. FY 2014 (2013.10.1-2014.9.30) CRO SMO CSO Global Research Business China Business Others Total (IN THOUSANDS, JPY) Eliminations/ Corporate Consolidation SALES Sales to customers 23,301,049 5,709,242 5,900,983 1,969,019 3,438,553 1,481,886 41,800,735 41,800,735 Intersegment sales 889,423 578,674 73,854 223,642 69,368 763,018 2,597,981 (2,597,981) Total 24,190,472 6,287,916 5,974,838 2,192,662 3,507,922 2,244,904 44,398,717 (2,597,981) 41,800,735 Operating income 3,803,873 900,713 259,093 (250,687) (117,402) (129,046) 4,466,542 25,052 4,491,595 * Operating income of 25,052 thousand yen under "Eliminations/ Corporate" consists of elimination of inter-segment and other transactions. * These above figures under "Others" consist of the figures of "BPO" and "Other Business". * From FY2014, segment definition has been changed to 7 categories of " CRO", " SMO", " CSO", "Global Research Business", "China Business", "BPO" and "Other Business", as newly setting up "BPO" and "Other Business" segments which belonged to "CRO ()" in previous year. Reclassified segment information of the same period in previous year is as follows: FY 2013 (2012.10.1-2013.9.30) CRO INDUSTRY SEGMENT INFORMATION FOR THE YEARS ENDED SEPTEMBER 30, 2014 AND 2013 SMO CSO Global Research Business China Business Others Total (IN THOUSANDS, JPY) Eliminations/ Corporate Consolidation SALES Sales to customers 20,322,806 5,607,468 5,598,659 1,675,532 3,036,116 1,343,797 37,584,381 37,584,381 Intersegment sales 565,176 96,079 67,395 94,137 73,780 560,823 1,457,392 (1,457,392) Total 20,887,983 5,703,547 5,666,054 1,769,670 3,109,897 1,904,621 39,041,773 (1,457,392) 37,584,381 Operating income 2,834,269 400,587 30,784 (52,881) 270,184 (2,403) 3,480,541 17,195 3,497,737 * Operating income of 17,195 thousand yen under "Eliminations/ Corporate" consists of elimination of inter-segment and other transactions. * These above figures under "Others" consist of the figures of "BPO" and "Other Business".