0

Results of Results of MeitecMeitec Group for Group for 2Q/FY2009 2Q/FY2009

--For the 6 months ended September 30,2008For the 6 months ended September 30,2008--

November 11, 2008November 11, 2008

Report of Report of MeitecMeitec GroupGroup<Consolidated><Consolidated>

2

（Million of Yen)

Net SalesOperating

IncomeOrdinaryIncome

Net Income

FY2009'08/4-9

41,396 5,375 5,395 3,039

FY2008'07/4-9

40,215 5,281 5,276 2,595

Change(%) 2.9% 1.8% 2.3% 17.1%

＜NOTE：Forecasts Fiscal Year Ending March 31, 2009＞

Initial Forecasts

3,000

Results forSecondQuarter

41,500 5,300 5,300Revised Earnings ForecastSeptember 30, 2008

42,500 5,500 5,500 3,200

<Consolidated Results for 2Q/FY2009><Consolidated Results for 2Q/FY2009>––For 6 months ended Sept 30, 200For 6 months ended Sept 30, 20088--

3

<Core Business<Core Business（（Temporary engineers staffing businessTemporary engineers staffing business））Results for 2Q/FY2009>Results for 2Q/FY2009>

––For 6 months ended Sept 30, 200For 6 months ended Sept 30, 20088--

Meitec + MF +MGS

Meitec Meitec Fielders MGS

93.9% 95.7% 93.9% 47.9%

95.3% 96.5% 93.7% 49.0%

- 9.05h/day 9.10h/day 8.78h/day

- 9.15h/day 9.21h/day 9.05h/day

- 1.8% up 2.4% up 1.4% up

- 2.0% up 2.9% up 4.5% up

UtilizationRatio

OperatingHours

Average RateRevision

Meitec MF MGS M-CAE Total

6,000 1,452 253 70 7,775

5,906 1,381 156 58 7,501

Number of Engineers

※ Lower figure is the previous year’s result

4

<The Second Quarter Period : Market Conditions><The Second Quarter Period : Market Conditions>

1. Conditions in the manufacturing sector, Meitec Group’s main customer segment

・Investment in development and capital investment are both strong, irrespectiveof business sector.

・Some companies and businesses are trimming budgets.

2. Conditions in Meitec’s principal market (Temporary engineers staffing business)

・The climate for orders continues to be strong.・Client companies are hiring more permanent staff, but that is not affecting orders for

staffing .

- Current Market View -

The economy is slowing, and has begun to impact the R&D investment of our client companies. Caution is required regarding future changes in the market.

5

<Utilization Ratio (Non<Utilization Ratio (Non--Consolidated)>Consolidated)>

•Meitec Fielders Utilization Date is on appendix 3

98.4%98.5%

97.3%

94.2%

99.0%

99.1%

98.8%

95.4%

98.7%98.8%

98.5%

95.2%

98.9%98.6%

93.7%

91.2%

95.6%

95.9%

88.7%

92.4%93.9%

97.3%

94.7%

98.9%

99.1%

99.4%

92.5%

97.0%

95.9%

94.7%

86.7%

90.7%

93.2%

96.1%

93.6%

97.7%95.8%

98.4%98.6%

98.1%

95.0%

98.0%

75%

80%

85%

90%

95%

100%

04 07 10 01 04 07 10 01 04 07 10 01 04 07 10 01 04 07 10 01 04 07 10 01 04 07 10 01 04 07 10 01 04 07 10 01 04 07 10 01 04 07

Quarter Period Average

Operating Ratio ,excluding new empioyees

Companywide Operating Ratio

Restructuring periods

by customers

Restructuring periods

by customers

FY1999 FY2001 FY2002 FY2003FY2000

Crisis in the Japanese Financial System

IT Recession

FY2004 FY2005 FY2006 FY2007

95%

FY2008 FY2009

6

0

5 0

1 0 0

1 5 0

2 0 0

2 5 0

3 0 0

3 5 0

4 0 0

4 5 0

Apri l

1999

Apri l

2000

Apri l

2001

Apri l

2002

Apri l

2003

Apri l

2004

Apri l

2005

Apri l

2006

Apri l

2007

Apri l

2008

(Nu

mb

er

of

ne

w o

rde

rs)

250

<Trend in New Orders by Month (Non<Trend in New Orders by Month (Non--Consolidated)>Consolidated)>

7

Global BusinessMeitec Global Solutions, Meitec(shanghai), Mi High Tech(Zhejiang), Meitec (Dalian), Meitec

(Guangzhou), Meitec (Xian), Meitec (Chengdu) , Meitec (Shanghai) Human Resources

Temporary Engineers Staffing

Business

Full Line up of Temporary

Staffing Business

Career SupportBusiness

Engineering Solutions Business

3DTec, Apollo Giken, Meitec CAE

MeitecMeitec Fielders,

Meitec Cast, Meitec Experts

DBM-Japan, Meitec Next,all engineer.jp

All Engineer.jpMeitec (Chengdu)：Established in October, 2007Meitec (Shanghai) Human Resources：Established in June, 2008

<<MeitecMeitec GroupGroup’’s Business Domain Expansion Strategy Global Vision21>s Business Domain Expansion Strategy Global Vision21>Strategy for expanding the group’s business domains through utilization of Meitec’s brand name, engineer resources and marketing channels.

8

<Growth in the four <Growth in the four MeitecMeitec GroupGroup’’s business domains>s business domains>

371.1379.9 378.6 384.6

61.7 61.3 56.2 55.1

0

50

100

150

200

250

300

350

400

450

1H/F

Y200

6

1H/F

Y200

7

1H/F

Y200

8

1H/F

Y200

9

4.3

14.8

17.2 17.3

0.7

29.4

7.6

10.3

1.3

2.8

6.3

33

-5

0

5

10

15

20

25

30

35

1H/FY2006 1H/FY2007 1H/FY2008 1H/FY2009 1H/FY2006 1H/FY2007 1H/FY2008 1H/FY2009 1H/FY2006 1H/FY2007 1H/FY2008 1H/FY2009

Temporary Engineers Staffing Business

Engineering Solutions Business

Global Business Career SupportBusiness

(100 million yen)

Net sales

Operating income

9

<<MeitecMeitec Group Results for 2Q/FY2009>Group Results for 2Q/FY2009>––For 6 months ended Sept 30, 200For 6 months ended Sept 30, 20088--

(million yen)

Net Sales ChangeOperatingIncome

ChangeOrdinaryIncome

ChangeNet

IncomeChange

Meitec(MT) 31,163 1.3% 4,985 1.8% 5,471 5.7% 3,402 18.5%

Meitec Fielders(MF) 5,531 4.7% 469 -24.3% 474 -24.0% 276 -24.3%

Meitec Cast(MC) 1,836 -8.1% 58 -44.2% 58 -44.0% 32 -44.9%

Meitec Experts(MEX) 160 116.3% -4 - -4 - -4 -

３D Tec(3DT) 356 11.1% 27 29.2% 27 24.1% 15 24.5%

Apollo Giken Group(AP) 1,030 8.0% 35 -50.8% 40 -42.0% 39 -44.5%

Meitec CAE(CAE) 353 35.1% 22 50.0% 22 48.4% 12 47.1%

Meitec Global

Solutions(MGS) 575 138.4% -132 - -132 - -133 -

Meitec Shanghai 13 -26.4% -9 - -8 - -8 -

Meitec Dalian 22 101.0% -4 - -5 - -5 -

Meitec Guangzhou 6 -13.2% -16 - -16 - -16 -

Meitec Zhejiang 7 16.1% -9 - -9 - -9 -

Meitec Xian 7 80.8% -13 - -16 - -16 -

Meitec Chengdu 0 - -23 - -28 - -28 -

Meitec (Shanghai)Human Resources

- - - - - - - -

DBM-Japan Group(DBM) 752 13.7% 6 - 24 - 10 -

Meitec Next(NEXT) 275 182.0% -14 - -14 - -14 -

All engineer.jp 7 - -13 - -13 - -13 -

Consolidated 41,396 2.9% 5,375 1.8% 5,395 2.3% 3,039 17.1%

*Amounts for each company are non-consolidated basis

SecondQuarterFY2009'08/4-9

All the group companies, except for the general temporary staffing business (MC) and the overseas operation, had realized increase in sales.

10

<Growth in Group Net sales 2Q/FY2009 ><Growth in Group Net sales 2Q/FY2009 >

*Amounts for each companies are non-consolidated basis

2Q/FY2001'00/4-9

2Q/FY2009'08/4-9

Change Change(%)

Meitec 271.4 311.6 40.2 14.8%

Group Companies

excluding Meitec41.0 109.8 68.8 167.8%

Consolidated Net Sales 312.5 413.9 101.4 32.4%

Composition Ratios

Excluding Meitec ※13.0% 26.5% - -

MeitecMeitec86.886.8％％

MF+JC+MF+JC+3DTec3DTec

13.0%13.0%2Q/FY2001

’00/4-9

MeitecMeitec75.375.3％％ MF+MC+MEX+3DT+MF+MC+MEX+3DT+

ApolloGikenG+CAE+MGSApolloGikenG+CAE+MGS+M(Shanghai)+M(Dalian)++M(Shanghai)+M(Dalian)+Meitec(Guangzhou)+MeiteMeitec(Guangzhou)+Meite

c(Zhejiang+)DBMc(Zhejiang+)DBMG+NEXTG+NEXT+AEJ+AEJ

26.526.5%%2Q/FY2009

’08/4-9*Meitec’s group strategy was launched from fiscal year 2001

(Hundred Million of Yen)

11

<Promotion of Global Strategy ><Promotion of Global Strategy >

Bridge engineers

Zhejiang

Dalian

Xian

Guangzhou

Chengdu

FY 2006: 30 engineersFY 2007: 86 engineersFY 2008: 135 engineersFY 2008: 180 engineers (forecast)

253 engineers (September 30, 2008)

12

0

25

50

75

100

125

150

175

200

225

250

275

05年8月 05年10月 05年12月 06年2月 06年4月 06年6月 06年8月 06年10月 06年12月 07年2月 07年4月 07年6月 07年8月 07年10月 07年12月 08年2月 08年4月 08年6月 08年8月

月末社員数 月末稼動数

It is our milestone to achieve over 200 Chinese engineers to be active on assignment by the end of the current fiscal year.

Number of Engineers

Number of Engineers Under Assignment

August

, 200

5

Febr

uary

, 200

6

August

, 200

6

Febr

uary

, 200

7

August

, 200

7

Febr

uary

, 200

8

August

, 200

8

（Staffs）

< < Bridge Engineer UtilizationBridge Engineer Utilization>>

13

<Group Workforce Expansion Strategy><Group Workforce Expansion Strategy>-- Flow of people across the entire Group Flow of people across the entire Group --

Meitec

MeitecFielders

MeitecCast

MGS

MEX

External labor market

MeitecNext

DBMClient

companies

Overseas labor market

(China)

Senior labor market

MeitecMeitec GroupGroup

Recruitment (new graduates)Recruitment (new graduates)Recruitment (midRecruitment (mid--career)career)RegistrationRegistrationPlacement (recruitment)Placement (recruitment)Temporary transferTemporary transferRotation in GroupRotation in GroupRotation in Group (Plan)Rotation in Group (Plan)

2310

2533

404

3714

Present number of employee

Increase during the current 1H/FY2009

943

151

14

Meitec 213名 282名 325名

Meitec Fielders 118名 124名 125名

total 331名 406名 450名

Meitec 148名 283名 300名

Meitec Fielders 106名 144名 150名

total 254名 427名 450名

86名 135名 180名

2名 26名 45名

16名 43名 39名

12名 11名 45名

FY2009(Forecasts)

1164名

mid-career

Bridge engineers(Chines engineers)

1022名

FY2008

O&O(Client's engineers)

Meitec Next

Meitec Experts(Senior engineers)

FY2006

Total 699名

newgraduates

++142142from the from the

previous yearprevious year

++2323from the from the

previous yearprevious year

＜＜Personnel Increases in FY200Personnel Increases in FY20099＞＞

※Number of new graduates for each fiscal year noted had joined the companies on April of the following fiscal year. Number of FY2009 is a forecast who we expect to join our group on April, 2009.

※Number for Meitec Next (job placement) are the mid carrier hireling.

+44+44from the from the

previous yearprevious year

-We will continue our strategy to increase the number of engineers to realize mid to long term growth.-But depending upon changes in the economic environments, we may restrain our mid-career recruitments.

15

<Consolidated Operating Results for 2Q/FY2009><Consolidated Operating Results for 2Q/FY2009>––For 6 months ended Sept 30, 200For 6 months ended Sept 30, 20088--

281

312330

347370

402

52

420407

413

318

53595959

54 5336

4162 52

58595941

545438

6153

△27

3221 25

31 22 33 25 3036

14.1%

7.5%8.0%

9.5%

7.0%

9.5% 9.8%

8.0%

6.5%7.3%

14.6%12.9%

17.1%16.2%

13.1%

17.0%

16.9%

13.1% 13.0%

14.7%13.6%

17.2% 16.5%

13.2%

17.0%

16.6%14.0%

13.1% 13.0%

△50

0

50

100

150

200

250

300

350

400

450

1999/9 2000/9 2001/9 2002/9 2003/9 2004/09 2005/09 2006/09 2007/09 2008/09

-10%

-5%

0%

5%

10%

15%

20%

Net Sales Operat ing Income Ordinary Income Net Income

Operat ing Income Margins Ordinary Income Margins Net Income Margins

Report of Report of MeitecMeitec<Non<Non--Consolidated>Consolidated>

17

<Non<Non--Consolidated Operating Results for 2Q/FY2009>Consolidated Operating Results for 2Q/FY2009>––For 6 months ended Sept 30, 200For 6 months ended Sept 30, 20088--

236 248

283307 311

4851

28

271262

303304290

269

303

495337494335

45 5052 55 54

54

97

3941 43 3751 51 54

60 5734

△33

3024201619

31 3722 34

18.2% 18.0%

8.0%5.9%

8.2% 8.9%10.6% 10.7%

12.3%11.3%

17.7%

13.9%

18.1% 17.7% 17.4%15.9% 16.0%

18.0%17.3%

14.1%

16.8% 17.6%

31.6%

18.8%19.6%18.7%

14.7%

18.1%

17.2%16.2% 14.8%

18.7%

8.0%

10.9%

△50

50

150

250

350

1997/9 1998/9 1999/9 2000/9 2001/9 2002/9 2003/9 2004/9 2005/9 2006/9 2007/9 2008/9

-15%

-10%

-5%

0%

5%

10%

15%

20%

25%

30%

35%

Net Sales Operati ng Income Ordinary Income

Net Income Operati ng Income Marg ins Ordinary Income Marg ins

Net Income Marg ins

(100 million Yen)

18

<Comparison of Sales Trend by the Industrial Segments><Comparison of Sales Trend by the Industrial Segments>

* Sales by industrial segments for appendix 8

0

10

20

30

40

50

60

70

80

Automobile

/Transpo

rtaion

Aircraft/

Aerospace

Indust

rial Machine

ry

Precisio

n Equipment

IT Related Hard

ware and Devices

Electric

and Electro

nics

Semico

nductor and In

tegrat

ed Circ

uits Desi

gn

Semico

nductor Equip

ment and Devic

es

Inform

ation Proc

essing

/Software Plan

t

Constructio

nOthe

r

Sep-04 Sep-05 Sep-06 Sep-07 Sep-08

（100 million yen）

19

<Top 10 Clients by Sales and Shares of Net Sales> <Top 10 Clients by Sales and Shares of Net Sales> (Non(Non--consolidated)consolidated)

1 1 1

2 2 2

3 3 3

4 4 4

5 5 5

6 6 6

7 7 7

8 8 8

9 9 9

10 Sony EMCS 10 10

10,761 37.1% 9,989 32.5% 10,310 33.1%

14,149 48.8% 13,280 43.2% 13,637 43.8%

14,855 51.2% 17,473 56.8% 17,526 56.2%

29,004 100.0% 30,753 100.0% 31,163 100.0%

Nikon Corp.

Yazaki Parts

Sony Corp.

Toyota Motor

Mitsubishi Heavy

Seiko Epson

Seiko Epson

Yazaki Parts

Omron Corp.

Mitsubishi Heavy

Companies Name

Panasonic

Sony Corp.

Canon Inc.

Omron Corp.

Mitsubishi Heavy

Nikon Corp.

Denso Corporation

Others

Total Total Total

Others

Top 10 Total

Top 20 Total

Top 10 Total

Top 20 Total

Top 10 Total

Top 20 Total

Others

2Q/FY2004 ('03/4-9)

Jatoco T.T.

Companies Name

Panasonic

Canon Inc.

Nikon Corp.

Omron Corp.

2Q/FY2008 ('07/4-9) 2Q/FY2009 ('08/4-9)

Companies Name

Seiko Epson

Toyota Motor

Panasonic

Canon Inc.

Sony Corp.

Denso Corporation

Toyota Motor

(million yen)＜ Five years ago ＞ ＜ Current ＞

20

2. Market conditions are difficult, which may encourage restructuring of the engineer staffing industry overall.

Meitec’s basic acquisition strategy: Acquisition price ≤ Hiring costs

1. Pressure to reduce costs will increase, particularly among companies highly dependent on exports.

We are beginning to see some increases in pressure to cut back on cost even in the R&D fields, not just limited to the production, in the manufacturing industries.Our business may see some effect in utilization ration of our engineers as well as number of active hours of our engineers.

<Future market trends in the temporary engineer dispatching busi<Future market trends in the temporary engineer dispatching business>ness>

21

<Forecasts; Fiscal Year Ending March 31, 200<Forecasts; Fiscal Year Ending March 31, 20099>>

（Millions of Yen)

Net SalesOperating

IncomeOrdinaryIncome

Net Income

FY2009 84,000 10,500 10,500 6,000

FY2008 82,102 11,365 11,334 4,958

Change(%) 2.3% -7.6% -7.4% 21.0%

FY2009 63,000 9,800 10,300 5,700

FY2008 62,956 10,460 10,768 4,938

Change(%) 0.1% -6.3% -4.3% 15.4%

Co

nso

lida

ted

No

n-c

on

solid

ate

d

- As of November 11, 2008, we have not seen any termination of large contract nor the drastic decrease in number of new orders.

- Therefore, we have not changed our forecast from what we had disclosed on September 30, 2008. But we will continue to watch and examine the market trend.

22

<Factors Affecting Forecasts for FY2009><Factors Affecting Forecasts for FY2009>

<Increase in SG&A expenses: +<Increase in SG&A expenses: +¥¥1,050 million>1,050 million>

Increase in strategic investments for business expansion: +Increase in strategic investments for business expansion: +¥¥1,21,2550 million0 million

Decrease in existing costs: Decrease in existing costs: --¥¥22000 million0 million

<Breakdown of Strategic Investments><Breakdown of Strategic Investments>1.1. Strengthening of Existing BusinessStrengthening of Existing Business

Strengthening recruitment for the staff businessStrengthening recruitment for the staff business : : ¥¥300 million300 million2. New Business Development2. New Business Development

-- Increase in number of bridge engineersIncrease in number of bridge engineers : : ¥¥550 million0 million-- Establishment of Establishment of MeitecMeitec Next Next

(Job placement business)(Job placement business) : : ¥¥200 million200 million-- Establishment of Establishment of all all engineer.jpengineer.jp :: ¥¥100 million100 million

3. Increase in Group Office Locations3. Increase in Group Office LocationsEstablishment of new domestic officesEstablishment of new domestic offices : : ¥¥50 million50 million

Total Total ¥¥1,21,2550 million0 million

（Previous forecast FY2009）planed at the beginning of the fiscal year

4. 4. Reinforcement in education and company infrastructureReinforcement in education and company infrastructure-- Construction of the new corporate information system, Construction of the new corporate information system,

introduction of new corporate housing introduction of new corporate housing managementmanagement systemsystem : : ¥¥400 million 400 million

-- Reinforcement in educationReinforcement in education : : ¥¥150 million150 million

23

<Forecasts; Fiscal Year Ending March 31, 200<Forecasts; Fiscal Year Ending March 31, 20099>>（Millions of Yen)

Net SalesOperatingIncome

OrdinaryIncome

Net Income

Meitec 63,000 9,800 10,300 5,700

Meitec Fielders 11,000 1,000 1,000 600

Meitec Cast 3,800 150 150 90

Meitec Experts 370 0 0 0

3D Tec 760 60 60 30

Apollo Giken Group 2,150 90 90 90

Meitec CAE 790 70 70 35

Meitec Global Solutions 1,400 -350 -350 -350

Meitec Shanghai 25 -20 -20 -20

Meitec Dalian 60 0 0 0

Meitec Guangzhou 20 -25 -25 -25

Meitec Zhejiang 40 0 0 0

Meitec Xian 25 -25 -30 -30

Meitec Chengdu 5 -40 -50 -50

DBM-Japan 1,500 30 50 10

Meitec Next 550 -55 -55 -55

all engineer.jp 20 -25 -25 -25

Consolidated 84,000 10,500 10,500 6,000

Fiscal Y

ear

*Amounts for each company are non-consolidated basis

24

<Precondition for the Forecasts of the FY2009><Precondition for the Forecasts of the FY2009>-- Meitec+MF+MGSMeitec+MF+MGS --

Meitec MF MGS

First Half 95.7% 93.9% 47.9%

Second Half 97.7% 97.0% 48.0%

Fiscal Year 96.7% 95.5% 48.0%

First Half 9.05h/day 9.10h/day 8.78h/day

Second Half 9.03h/day 9.12h/day 8.78h/day

Fiscal Year 9.04h/day 9.11h/day 8.78h/day

Utilization Ratio

Operating Hoursper day

25

＜＜Basic Policy Regarding Distribution of Earnings to ShareholdersBasic Policy Regarding Distribution of Earnings to Shareholders＞＞

Cash Flow（Source of funds main

consolidated netincome）

Basic policy of conducting the M&A is to do it by cash

Dividend Linked to Results

Consolidated net income of 50% or more

Minimum Distribution(floor)

5% or more of consolidated dividend on equity

①

Acquisition of Treasury Stock

Cash that exceed working capital is allocated

for acquisitionof treasury stock

Holdings

Upper limit oftwo million

Retirement

Portion in excessof upper limit

②

<Summary for <Summary for MeitecMeitec Group>Group>Meitec Global Solutions

Capitalization \268Million Capitalization \425MillionEmployeeｓ 1,431 Employeeｓ 267Establishment December, 1979 Establishment April, 2003Business Description Temporary engineering staff business Business Description International outsourcing services

Meitec (Shanghai)Capitalization \100Million Capitalization $1,200,000Employeeｓ 46 Employeeｓ 9Establishment February, 2000 Establishment September, 2003Business Description Registed-style temporary staffing business and employment agency Business Description Corporate management consultation

Meitec (Dalian)Capitalization \100Million Capitalization RMB 8,000,000Employeeｓ 4 Employeeｓ 20Establishment April, 2006 Establishment November, 2004Business Description Temporary senior engineering staff business Business Description Training business in China

Meitec (Guangzhou)Capitalization \201Million Capitalization RMB 10,000,000Employeeｓ 20 Employeeｓ 12Establishment December, 2000 Establishment December, 2005Business Description R&D support utilizing 3-D CAD design services Business Description Training business in ChinaApollo Giken Meitec (Zhejiang)Capitalization \311Million Capitalization RMB 9,000,000Employeeｓ 168 Employeeｓ 10Establishment August, 1978 Establishment July, 2004Business Description Designning and manufacturing printed circuits board Business Description Training business in China

Meitec (Xian)Capitalization $525,000 Capitalization $1,200,000Employeeｓ 42 Employeeｓ 12Establishment August, 1997 Establishment September, 2006Business Description Designning and manufacturing printed circuits board Business Description Training business in ChinaMeitec CAE Meitec (Chengdu)Capitalization \100Million Capitalization $1,200,000Employeeｓ 62 Employeeｓ 14Establishment April, 2006 Establishment October, 2007Business Description Contract work and temporary staffing related to structural analysis Business Description Training business in ChinaDrake Beam Morin Meitec (Shanghai) Human Resources

Capitalization \450Million Capitalization $300,000Employeeｓ 55 EmployeeｓEstablishment October, 1982 Establishment September, 2003Business Description Outplacement Service Business Description Corporate management consultationMeitec Next All Engineer.jpCapitalization \480Million Capitalization \70MillionEmployeeｓ 36 Employeeｓ 1Establishment July, 2006 Establishment October, 2007Business Description Job placement for engineers Business Description Internet-based information services; etc.

Shanghai Apomac (consolidated subsidiary of Apollo Giken)

Meitec Experts

3D Tec

Meitec Fielders

Meitec Cast

（（AppendixAppendix--11））

<Breakdown of Non<Breakdown of Non--consolidated Net Sales>consolidated Net Sales>

* Net sales of new business in previous year were 0.44 billion yen.

* Net sales from new businesses are primarily from the cooperative marketing results with 3D Tec, Apollo Giken, Meitec Global Solutions and Meitec CAE and customer transactions were posted to Meitec's account.

MeitecMeitec’’ss nonnon--consolidated net sales consolidated net sales ＝＝ 3311..1616 billion yenbillion yen＝＝Core Business Core Business （（Temporary engineers staffing businessTemporary engineers staffing business））

+ + New Business New Business （（Gateway BusinessGateway Business））＝＝ 30.30.7272 billion yen + billion yen + 0.0.4444 billion yenbillion yen

（（AppendixAppendix--22））

98.4%

92.3%

98.8%99.1%

92.6%

98.6%99.0%99.1%

91.9%

98.9%99.2%99.3%

92.9%

98.7%98.4%

98.5%

91.5%

96.1%

97.9%

97.5%

91.6%

96.2%

85%

90%

95%

100%

04 07 10 01 04 07 10 01 04 07 10 01 04 07 10 01 04 07 10 01 04 07

<Utilization Ratio (<Utilization Ratio (MeitecMeitec Fielders)>Fielders)>

FY2005 FY2006 FY2007 FY2008 FY2009FY2004

（（AppendixAppendix--33））

<New Contract by the Industrial Segments><New Contract by the Industrial Segments>-- General + New Graduates General + New Graduates --

New Contracts by Segments General + New Graduates（Apr1, 2008 to September 30, 2008）

10

20

2

42

3

63

7

46

44

17

137

1

25

108

104

19

28

12

24

11

14

35

3

14

6

26

42

8

6

11

4

5

13

22

2

2

7

1

4

1

5

4

2

3

4

4

16

196

28

64

92

35

215

133

84

48

2

0 50 100 150 200 250 300 350 400

Other

Other Materials

Construction

Plant

Information Processing/Software Development and Management

Semiconductor Equipment and Devices

Semiconductors and Integrated Circuits Design

Electric and Electronic

IT-Related Hardware and Devices

Precision Equipment

Industrial Machinery

Aircraft/Rocketry

Automobile/Transportation

Machinery Electric and Electronic Control Systems Information Systems chemistry

（Segments）

（（AppendixAppendix--44））

<New Contract by the Industrial Segments><New Contract by the Industrial Segments>-- New Graduates New Graduates --

New Contracts by Segments New Graduates（Apr1, 2008 to September 30, 2008）

10

28

18

5

6

40

27

22

4

5

10

5

11

1

1

1

3

3

1

1

17

1

2

8

11

2

8

1

4

5

1

2

1

1

1 3

4

1

56

12

13

3

8

16

3

0

7

37

56

8

64

0 20 40 60 80 100

Other

Other Materials

Construction

Plant

Information Processing/Software Development and Management

Semiconductor Equipment and Devices

Semiconductors and Integrated Circuits Design

Electric and Electronic

IT-Related Hardware and Devices

Precision Equipment

Industrial Machinery

Aircraft/Rocketry

Automobile/Transportation

Machinery Electric and Electronic Control Systems Information Systems chemistry

（Segments）

（（AppendixAppendix--55））

<Consolidated SG&A Expenses and Cost of Sales, and Their Ratio t<Consolidated SG&A Expenses and Cost of Sales, and Their Ratio to the Sales>o the Sales>

（100 Million yen）

41 42 41 39 43 47 66 66 64 65

204 217 235 237 244 259280 294 285 294

6259 59 52 53

415436

54 59

15.8% 15.9% 15.9%

70.1% 70.9% 71.1%

85.9% 86.9% 87.0%

16.4%12.5%12.4%12.5%13.4%14.7% 12.9%

69.0%

70.5%74.5%71.3%69.5%72.4% 70.1%

85.4%83.0%82.9% 83.8% 86.9%87.1%

83.0%

0

50

100

150

200

250

300

350

400

450

500

1999

/9

2000

/9

2001

/9

2002

/9

2003

/09

2004

/9

2005

/9

2006

/9

2007

/9

2008

/9

0%

20%

40%

60%

80%

100%

SG&A Expenses Cost of SalesOperating Income SG&A Expenses to Net SalesCost of Sales to Net Sales Cost of Sales+SG&A Expenses to Net Sa

（（AppendixAppendix--66））

<Non<Non--Consolidated SG&A Expenses and Cost of Sales, and Their Ratio toConsolidated SG&A Expenses and Cost of Sales, and Their Ratio to the Sales>the Sales>

（100 Million yen）

43 43 36 36 35 33 36 39 38 38 42 40

150 173 177 186 197 198 201 209 211 215 215 220

55 53 53 48 49

3752

494543

35

50

12.5% 13.9% 13.1%

70.1% 70.1% 70.9%

82.6% 84.1% 84.0%

12.6%12.9%12.6%12.4%13.4%14.6%16.4%18.4%

12.5%

69.7%

68.9%69.4%69.9%68.5%71.3%66.2%63.6%

73.7%

82.3%81.8%82.0%82.3%82.7% 85.9%81.8%82.0%

86.2%

0

50

100

150

200

250

300

350

1997

/9

1998

/9

1999

/9

2000

/9

2001

/9

2002

/9

2003

/9

2004

/9

2005

/9

2006

/9

2007

/9

2008

/9

0%

20%

40%

60%

80%

100%

SG&A Expenses Cost of Sales

Operating Income SG&A Expenses to Net Sales

Cost of Sales to Net Sales Cost of Sales+SG&A Expenses to Net Sales

（（AppendixAppendix--77））

<Sales by the Industrial Segments (Non<Sales by the Industrial Segments (Non--Consolidated)>Consolidated)>

(Millions of yen)

※ Yellow ink ；up compared to previous year

2Q/FY2005( '04/4-9)

2Q/FY2006( '05/4-9)

2Q/FY2007( '06/4-9)

2Q/FY2008( '07/4-9)

NetSales

Total NetSales(%)

Change

Automobi le/Transpor tat ion 6,614 6,675 6,514 6,190 6,357 20.4% 166 +2.7% ↑

Aircraft/Aerospace 1,700 1,495 1,514 1,478 1,484 4.8% 6 +0.4% ↑

Industr ial Mach inery 3,264 2,883 3,306 3,518 4,135 13.3% 616 +17.5% ↑

Prec ision Equ ipment 1,165 1,397 1,590 1,541 1,670 5.4% 128 +8.4% ↑

IT Related Hardware and Devices 3,059 3,231 3,358 3,522 3,320 10.7% -201 -5.7% ↓

Electric and Electronics 4,354 5,137 5,122 5,235 5,029 16.1% -206 -3.9% ↓

S em i conduc to r s a nd I n t eg r a t ed Ci r cu i t s Des i g n 5,277 4,911 4,764 4,363 4,248 13.6% -115 -2.6% ↓

Semiconduc to r Equ ipmen t an d Devices 1,485 1,388 1,500 1,489 1,474 4.7% -15 -1.0% ↓

In format ion Processing/Software 1,712 1,513 1,531 1,689 1,665 5.3% -24 -1.4% ↓

Plant 538 511 454 465 557 1.9% 112 +24.2% ↑

Construct ion 168 128 122 146 97 0.3% -48 -33.2% ↓

Others 1,041 1,091 1,018 1,112 1,103 3.5% -9 -0.8% ↓

Total 30,384 30,366 30,799 30,753 31,163 100.0% 409 1.3% -

Segment

2Q/FY2009('08/4-9)

Change (%)Net Sales

（（AppendixAppendix--88））

<Status of Global Vision 21><Status of Global Vision 21>-- Trend in Number of Staffs<Trend in Number of Staffs<MeitecMeitec + MF + MC + MGS + + M+ MF + MC + MGS + + MEX EX + CAE> + CAE> --

5,864 5,808 5,882 5,878 5,906 6,000

774935

991 1,111 1,267 1,349 1,381 1,452570

662689 737

840 952842

5,7135,481 5,852

1,372

938 95746

156 25328

21

4047

58 70

0

2,000

4,000

6,000

8,000

10,000

2000/09 2001/09 2002/09 2003/09 2004/09 2005/09 2006/09 2007/09 2008/09

Meitec MF MC MGS MEX CAE

6,8257,310 7,544 7,656

7,9898,179 8,276

Group currently shifting to personnel increase modelGroup currently shifting to personnel increase model

8,486 8,657

（workforce）

（（AppendixAppendix--99））

* Number for Meitec and MF is the number of engineers* Number for the MC and MEX is the number of people registered* Number for the MGS is the number of the Bridge Engineers

4978571 ,3531 ,405

589

1 ,888

1 ,060

2 ,117

8 ,0007 ,532

2 ,8003 ,100

5 ,0995 ,100

2 ,3003 ,375

0

500

1,000

1,500

2,000

2,500

3,000

FY2002 FY2003 FY2004 FY2005 FY2006 FY2007 FY2008 FY2009

0

2,000

4,000

6,000

8,000

10,000

<Results of Acquisition and Retirement of Treasury Stock><Results of Acquisition and Retirement of Treasury Stock>

*A total of 3,799,950 new shares were issued in October 2004 for a share exchange with Drake Beam Morin-Japan, Inc.

（Thousands of share）

*Treasury stock held as of March 31, 2008 ; 1,115,293 shares

31.97 billion yenTotal amounts of stock

8,545 thousand sharesTotal number of sharesRetirement of treasury stock

35.90 billion yenTotal amounts of stock

9,765 thousand sharesTotal number of sharesPurchase of Treasury Stock

From FY2002 to 2Q/FY2009 (’08/4-9)

(million yen)

（（AppendixAppendix--1010））

497

（Estimation）

<Shareholders by Business Segments (Non<Shareholders by Business Segments (Non--Consolidated)>Consolidated)>

Shareholders ％ Shares Held ％

Banks 7 0.10% 1,285,101 3.63%

Trust Banks 20 0.28% 5,244,314 14.80%Life and against loss insurancecompanies 24 0.34% 4,913,783 13.86%Securities financing and otherfinancial companies 6 0.08% 61,860 0.17%

Securities companies 27 0.38% 256,930 0.72%Business concerns and othercompanies 125 1.77% 343,482 0.97%Overseas companiesand investors 145 2.05% 18,219,290 51.41%

Individuals and others 6,711 94.98% 5,117,495 14.44%

Total 7,065 100.0% 35,442,255 100.0%

Shareholder Segment(As of the Second Quarter Period Ended September 30, 2008)

（（AppendixAppendix--1111））