In a temperature-modulated calorimetric method using the same apparatus as a standard differential scanning calorimeter, we have to pay attention to the thermophysical parameters of the apparatus, which cause phase shift in ac temperatures, such as heat capacity of base plate, heat capacity of a pan, thermal conductance between a heater and base plate, and thermal conductance between a pan and base plate. We performed the analysis of the thermal system of the apparatus with these parameters. Beside the theoretical consideration, we carried out heat capacity measurement in a wide range of modulation periods. We found that the experimental results were well-expressed in terms of these thermophysical parameters.