Financial Highlights(Full Year)

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Operating Results for the Fiscal Year ended March 2009
(April 1,2008～March 31,2009)

Consolidated Financial Summary

(Unit: millions of yen)

	March 31,2007	March 31,2008	March 31,2009	(Y/Y, %)
Net sales	158,677	148,855	152,070	2.2
Operating income	4,088	3,652	3,799	4.0
Ordinary income	3,495	3,385	3,003	-11.3
Net income	1,867	1,853	1,720	-7.2
EPS	70.52	69.98	65.57	-6.3
Dividends per share	16.00	18.00	20.00	11.1

The Japanese economy faltered during the consolidated fiscal year under review, as the worldwide financial instability and worsening corporate sector performance triggered by the U.S. subprime loan problem spilt over to Japan as well, undermining corporate performance, increasing unemployment and initiating a steep decline in consumption. This severe business environment extended to the information services industry in which our Group operates as well, as mid-sized firms, our primary customer segment, held back on investment in IT.

We responded to these conditions by introducing a new business model for the small and medium-sized enterprise market and shifting resources to the growing market centered in Tokyo, while continuing our customary efforts to reinforce our proprietary solutions through consulting-based sales.

Orders received for the consolidated fiscal year fell by 5.6% from the previous year to 138,835 million yen under the influence of the harsh economic conditions. Sales increased by 2.2% to 152,070 million yen, as public sector investment in IT compensated for the restrictions placed on investment in IT by private sector corporations.

This increase in sales boosted operating income by 4.0% from the previous year to 3,799 million yen. Ordinary income fell by 11.3% to 3,003 million yen, on the other hand, due to a decline in interest and dividend income in a worsening fund management environment. Current net income fell by 7.2% from the previous year to 1,720 million yen, meanwhile, as we registered a gain on sales of investment securities and a loss on revaluation of investment securities, among other developments.