November 11, 2010

Summary of Consolidated Financial Results for the Second Quarter of the Year Ending March 31, 2011
SRA Holdings, Inc.
(URL: http://www.sra-hd.co.jp)
Stock listing:Tokyo Stock Exchange
Code number:
3817
President:
Toru Kashima
For inquiries, please contact:
Makoto Kitai, General Manager, Finance Department, Administrative HeadquartersTel:(03)-5979-2666
Scheduled date of submission of quarterly securities report:
November 12, 2010―
Scheduled commencement of dividend payment:
Quarterly Results Supplemental Materials
Yes
Quarterly Results Presentation Meeting
Yes (for institutional investors and analysts)
Company name:

1. Consolidated results for the second quarter of the fiscal year ending March 2011 (from April 1, 2010 to September
30, 2010)(1) Consolidated Operating Results (cumulative total)
Net Sales

Second quarter of fiscal
2011
Second quarter of fiscal
2010(All amounts rounded down, % change YoY)
Ordinary Income

Operating Income

Net Income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

16,297

2.1

799

16.3

854

20.6

396

11.6

15,967(17.8)

687(52.3)

709(51.3)

355(50.1)

Second quarter of fiscal
2011
Second quarter of fiscal
2010

Net Income

Net Income

per Shareper Share after Dilution

Yen

Yen

28.65

－

25.66

－

(2) Consolidated Financial Position

Second quarter of fiscal
2011
Fiscal 2010

Total Assets

Net Assets

Shareholders’ Equity Ratio

Shareholders’ Equity per Share

Millions of yen

Millions of yen%

Yen

25,522

14,67357.4

1,058.11

27,204

15,12955.4

1,089.15

Reference: Shareholders’ equity
Second quarter of fiscal 2011: ¥14,644 million
Fiscal 2010: ¥15,073 million

2. Dividends
Dividend per Share

Fiscal 2010
Fiscal 2011

End of First QuarterEnd of Second QuarterEnd of Third Quarter

Year-end

Yen

Yen

Yen

Yen

Yen

―
―

―
―

―

40.00

40.00

―

40.00

40.00

Fiscal 2011 (forecast)
Note: Revision of dividend forecast in this quarter:No

For the Year

3. Consolidated Earnings Forecast for Fiscal 2011 (from April 1, 2010 to March 31, 2011)(% of change from FY2010 First Half or FY2010）
Net Income
Net Sales

Operating Income

Ordinary Income

Net Income
per Share

FY2011Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

Yen

35,500

4.2

2,600

30.1

2,600

26.2

1,500

21.1

108.38

Note: Revision of consolidated results forecast in this quarter:No

4. Others(1) Changes to significant subsidiaries during the current period :No

Note: Changes in specified subsidiaries during the current period that caused changes in the scope of consolidation(2) Application of simplified accounting and application of special accounting :No

Note: Application of simplified and special accounting for quarterly consolidated financial statements(3) Changes in accounting principles and procedures, presentation, etc.
1. Changes caused by revision of accounting standards, etc. :Yes
2. Changes other than 1. above:No
Note: Changes in significant accounting policies and procedures, presentation which are stated in “change in important matters in
preparing quarterly consolidated financial statements”(4) Number of shares outstanding (common stock)
1. Number of shares outstanding (including treasury stock)
Second quarter of fiscal 2011:15,240,000 sharesFiscal 2010:
15,240,000 shares
2. Number of treasury stock
Second quarter of fiscal 2011:
1,400,230 sharesFiscal 2010:
1,400,227 shares
3. Average number of shares over period (consolidated total for quarter)
Second quarter of fiscal 2011:
13,839,771 shares
Second quarter of fiscal 2010:
13,839,798 shares*Indication of quarterly review procedure implementation status
This earnings release is not subject to the quarterly review process as required by the Financial Instruments and Exchange Act of Japan.
As of the date when this earning release was issued, the review process on quarterly financial statements as required by the Financial
Instruments and Exchange Act had been finished.

*Explanation relating to the appropriate use of results forecasts, and other noteworthy items
Forward-looking statements in this earnings release, such as forecasts of results of operations, are based on the information currently
available and the certain assumptions that we regard as reasonable and therefore actual results may differ materially from those containedin or suggested by any forward-looking statements. With regard to the assumptions and other related matters concerning forecasts for the
fiscal year ending March 31, 2011, please refer to the attachment page 3.

SRA Holdings, Inc. (3817) Summary of Consolidated Financial Results for the Second Quarter of the Year Ending March 31, 2011

1. Qualitative Information Concerning Second-Quarter Consolidated Business Results(1) Qualitative Information Concerning Consolidated Business Results
During the second quarter of the fiscal year (April 1, 2010 to September 30, 2010), the Japanese economy continued
on a moderate recovery track. Nevertheless, the outlook has become increasingly uncertain due primarily to the riskof an economic downturn caused by rapid appreciation of the yen, falling stock prices and deflation coupled withfears of a slowdown in overseas economies.
In the information services industry, corporate customers maintained a cautious stance toward IT investments on
the whole, reflecting uncertainty over future performance, while the harsh environment continued for orders owing to
an ongoing decline in order unit price in some businesses.
Amid these circumstances, the SRA Holdings Group implemented its group-wide fiscal year business policies,
namely, “securing a stable order flow,” “increasing gross profit margins and curbing costs” and “refining a solid
customer base and strengthening order-generating activities to create new opportunities.”
In terms of “securing a stable order flow,” we focused on formulating and executing a marketing strategy for eachcustomer, making new proposals to existing customers and ensuring that these activities translated into actual orders.
As a result, sales increased at Software Science, Inc. and Advanced Integration Technology, Inc. (AIT). Sales at
Software Research Associates, Inc. (SRA) remained roughly on par with the same period of the previous fiscal year.
With regard to “increasing gross profit margins and curbing costs,” we implemented cost management that included
efforts to raise productivity, curb outsourcing expenses and strengthen project cost management. This was in spite offactors causing profitability to deteriorate such as a decline in order unit prices in the financial sector of the Systems
Development business and certain sectors of the System Operations and Infrastructure Development business. These
efforts enabled us to secure a gross profit margin that exceeded the same period of the previous fiscal year. Selling,
general and administrative (SG&A) expenses remained roughly unchanged on a year-on-year basis. In “refining asolid customer base and strengthening order-generating activities to create new opportunities,” we continued toresearch promising markets as well as a business model that leverages the strengths of the SRA Group with the aim of
expanding business in the growing markets of Asia, led by China, as well as Europe and the United States.
As a result of these initiatives, consolidated business results for the second quarter were as follows.
Net sales amounted to ¥16,297 million, an increase of 2.1% from the same period of the previous fiscal year. Sales
in the Product Sales business remained almost at the same level on a year-on-year basis, while an increase in sales in
the Systems Development business offset a decline in sales in the System Operations and Infrastructure Development
business.
At the profit level, operating income increased 16.3% from the second quarter of the previous fiscal year to ¥799
million due mainly to measures to increase gross profit, as mentioned above. Ordinary income increased 20.6%
year-on-year to ¥854 million. Net income in the second quarter increased 11.6% year-on-year to ¥396 million due tothe recording of a loss on valuation of investment securities and a loss on valuation of stocks of subsidiaries andaffiliates in the first quarter.
As described in the above explanation of second-quarter consolidated results, net sales and profit increased. Levelsof sales and ordinary income were generally in line with consolidated financial forecasts for the second quarter.
Progress toward full-year financial forecasts was also in line with assumptions.
A summary of consolidated business results for the second quarter by business segment is shown below.

-1-

SRA Holdings, Inc. (3817) Summary of Consolidated Financial Results for the Second Quarter of the Year Ending March 31, 2011

1) Systems Development
Although sales to banks declined, the Systems Development business recorded increased sales to manufacturing andelectric power industries. As a result, net sales for the second quarter rose 6.1% from the same period of the previous
fiscal year to ¥8,882 million.
2) System Operations and Infrastructure Development
Despite an increase in university-related orders, corporate-related orders for System Operations declined as customers
shifted to internal production. As a result, second-quarter net sales in the System Operations and Infrastructure
Development segment declined 8.7% from the same period of the previous year to ¥1,910 million.
3) Product Sales
In Product Sales, mid-sized orders for devices at AIT led to a very slight year-on-year decline in net sales to ¥5,503
million.
(2) Qualitative Information Concerning Consolidated Financial Condition
1) Assets, Liabilities and Net Assets
Regarding financial condition for the second quarter, current assets at the end of the second quarter decreased ¥1,573
million from the end of the previous fiscal year to ¥17,763 million. Despite an increase of ¥384 million in work inprocess, cash and deposits decreased ¥1,138 million due to payments for bonuses and the purchase of short-term
investment securities, and notes and accounts receivable—trade decreased ¥766 million owing to the collection ofreceivables. Noncurrent assets decreased ¥108 million to ¥7,759 million due to a decline in intangible assets caused
by depreciation. As a result, total assets decreased ¥1,682 million to ¥25,522 million.
On the liabilities side, total liabilities declined ¥1,226 million to ¥10,849 million due to a ¥828 million decline inaccounts payable—trade arising from the payment of payables as well as to a ¥289 million decline in income taxes
payable accompanying the payment of income taxes. Net assets declined ¥456 million to ¥14,673 million due mainly
to cash dividends paid.
2) Analysis of Cash Flows
Cash and cash equivalents decreased ¥1,695 million year on year and ¥1,137 million from the end of the previous
fiscal year to ¥9,187 million.
The status of cash flows and factors underlying changes in cash flows for the second quarter are shown below.
Cash Flows from Operating Activities
Net cash provided by operating activities amounted to ¥202 million, a decrease of 82.8% from the same period of
the previous fiscal year. This consisted mainly of such cash inflows as a decrease in notes and accounts
receivable—trade of ¥736 million and income before income taxes and minority interests of ¥700 million. Cashoutflows included a decrease in notes and accounts payable—trade of ¥809 million and income taxes paid of ¥607
million.
Cash Flows from Investing Activities
Net cash used in investing activities amounted to ¥555 million, a decrease of 62.1% from the same period of theprevious fiscal year. This was due mainly to ¥340 million for purchases of investment securities and ¥163 million-2-

SRA Holdings, Inc. (3817) Summary of Consolidated Financial Results for the Second Quarter of the Year Ending March 31, 2011

for purchases of property, plant and equipment and purchases of intangible assets.
Cash Flows from Financing Activities
Net cash used in financing activities amounted to ¥710 million, an increase of 21.5% from the same period of theprevious fiscal year. This was due mainly to ¥553 million in cash dividends paid and a net decrease in short-termloans payable of ¥157 million.
(3) Qualitative Information Concerning Consolidated Results Forecast
Performance in the second quarter progressed as expected toward target figures for the fiscal year. Accordingly, norevision has been made to the full-year consolidated forecasts announced on May 13, 2010.

2. Other Information(1) Significant changes involving subsidiaries during the period: None
(2) Application of simplified accounting methods and accounting methods specific to the preparation of the quarterly
consolidated financial statements: None
(3) Summary of Changes in Accounting Principles, Procedures and Presentation Methods
1) Application of “Accounting Standard for Business Combinations”
From the first quarter of the current fiscal year, the Company adopted “Accounting Standard for Business
Combinations” (ASBJ Statement No. 21, December 26, 2008), “Accounting Standard for Consolidated
Financial Statements” (ASBJ Statement No. 22, December 26, 2008) and “Revised Guidance on AccountingStandard for Business Combinations and Accounting Standard for Business Divestitures” (ASBJ Guidance No.
10, December 26, 2008).
2) Application of “Accounting Standards for Asset Retirement Obligations”
From the first quarter of the current fiscal year, the Company adopted “Accounting Standards for Asset
Retirement Obligations” (ASBJ Statement No. 18, March 31, 2008) and “Guidance on Accounting Standards
for Asset Retirement Obligations” (ASBJ Guidance No. 21, March 31, 2008). As a result, income before
income taxes and minority interests declined ¥8 million. This change had little impact on operating income andordinary income.
The change in the amount of asset retirement obligations due to Application of Accounting Standards for
Asset Retirement Obligations was ¥14 million.

(4) Important Matters Regarding Assumptions of a Going Concern: None

-3-

SRA Holdings, Inc. (3817) Summary of Consolidated Financial Results for the Second Quarter of the Year Ending March 31, 2011

3. Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Millions of Yen)
End of second quarter ofQuarterly Consolidated

fiscal 2011

Balance Sheets at the end(as of September 30, 2010)of fiscal 2010 (summary))(as of March 31, 2010)ASSETS
Current assets:
Cash and deposits

7,819

8,957

Notes and accounts receivable—trade

5,509

6,275

Short-term investment securities

1,504

1,504

Merchandise and finished goods

300

385

Work in process

1,524

1,140

Deferred tax assets

469

467

Other

640

610

Allowance for doubtful accounts

(4)

(4)

17,763

19,337

Buildings

329

257

Accumulated depreciation

(185)

(173)

Buildings, net

144

83

Machinery, equipment and vehicles

634

697

Accumulated depreciation

(576)

(641)

57

56

Land

0

0

Other

108

101

Accumulated depreciation

(71)

(69)

Other, net

37

31

Total property, plant and equipment

240

172

Other

646

701

Total intangible assets

646

701

Investment securities

3,987

4,069

Deferred tax assets

1,560

1,586

Guarantee deposits

521

529

Other

947

949

Total current assets
Noncurrent assets:
Property, plant and equipment

Machinery, equipment and vehicles,net

Intangible assets

Investments and other assets-4-

SRA Holdings, Inc. (3817) Summary of Consolidated Financial Results for the Second Quarter of the Year Ending March 31, 2011

Allowance for doubtful accounts

(49)

(48)

Allowance for investment loss

(94)

(93)

Total investments and other assets

6,873

6,993

Total noncurrent assets

7,759

7,867

Total assets

25,522

27,204-5-

SRA Holdings, Inc. (3817) Summary of Consolidated Financial Results for the Second Quarter of the Year Ending March 31, 2011

(Millions of Yen)
Quarterly Consolidated

End of second quarter ofBalance Sheets at the end

fiscal 2011(as of September 30, 2010)of fiscal 2010 (summary))(as of March 31, 2010)

LIABILITIESCurrent liabilities:
Accounts payable—trade

1,990

2,818

Short-term loans payable

2,027

2,184

Debentures due for redemption within one year

300－

Income taxes payable

233

522

Accrued consumption taxes

193

243

Accrued expenses

519

570

Provision for bonuses

638

569

Provision for directors’ bonuses

30

0Provision for loss on construction contracts

165

148

9

－

643

518

6,750

7,576

Bonds payable－

300

Negative goodwill

5

8

3,629

3,632

Provision for directors’ retirement benefits

432

422

Deferred tax liabilities

27

135

Other, net

2

－

4,098

4,498

10,84912,075

Capital stock

1,000

1,000

Capital surplus

4,483

4,483

Retained earnings

10,046

10,202

Treasury stock

(894)

(894)

Total shareholders’ equity

14,636

14,792

278

414

(270)

(133)

7

281

Subscription rights to shares

29

19

Minority interests－

36

Asset retirement obligations
Other
Total current liabilities
Noncurrent liabilities:

Provision for retirement benefits

Total noncurrent liabilities
Total liabilities
NET ASSETS
Shareholders’ equity

Valuation and translation adjustments
Valuation difference on available-for-sales
securities
Foreign currency translation adjustments
Total valuation and translation adjustments-6-

SRA Holdings, Inc. (3817) Summary of Consolidated Financial Results for the Second Quarter of the Year Ending March 31, 2011

Total net assets

14,673

15,129Total liabilities and net assets

25,522

27,204-7-

SRA Holdings, Inc. (3817) Summary of Consolidated Financial Results for the Second Quarter of the Year Ending March 31, 2011(2) Quarterly Consolidated Statements of Income(Millions of Yen)
Consolidated

Consolidated

cumulative total for

cumulative total forsecond quarter of

second quarter offiscal 2010 (from April

fiscal 2011 (from April

1, 2009 to September

1, 2010 to September

30, 2009)

30, 2010)

Net sales

15,967

16,297

Cost of sales

13,40913,638Gross profit

2,557

2,658

Selling, general and administrative expenses

1,869

1,859

687

799

Interest received

924

Dividends received

19

14

Gain on allotment of investment securities

－

21

Other

26

29

Total non-operating income

55

90Interest expenses

19

18

Transfer agent processing fee

－

8

Other

14

8

Total non-operating expenses

33

34

709

854

Gain on sales of noncurrent assets

0－

Total extraordinary income

0

－

10

52

－

86

－

13

Provision of allowance for investment loss

29

0

Other

3

1

Total extraordinary loss

43

154

Income before income taxes and minority interests

665

700

Income taxes-current

383

293

Income taxes-deferred

(73)

10

Total income taxes

310

304

Income before minority interests－

396

Operating income
Non-operating income

Non-operating expenses

Ordinary income
Extraordinary income

Extraordinary loss
Loss on valuation of investment securities
Loss on valuation of stocks of subsidiaries andaffiliates
Loss on application of Accounting Standard for Asset
Retirement Obligations-8-

SRA Holdings, Inc. (3817) Summary of Consolidated Financial Results for the Second Quarter of the Year Ending March 31, 2011

Minority interests in income
Net income

-9-

0

－

355

396

SRA Holdings, Inc. (3817) Summary of Consolidated Financial Results for the Second Quarter of the Year Ending March 31, 2011(3) Quarterly Consolidated Statements of Cash Flows(Millions of Yen)
Consolidated

Consolidated

cumulative total for

cumulative total forsecond quarter of

second quarter offiscal 2010 (from April

fiscal 2011 (from April

1, 2009 to September

1, 2010 to September

30, 2009)

30, 2010)

Net cash provided by (used in) operating activities:
Income before income taxes and minority interests

665

700

Depreciation and amortization

113

134

Loss on valuation of memberships

0－

Increase (decrease) in provision for retirement benefits

17

11

12

9

Increase (decrease) in provision for bonuses

34

69

Increase (decrease) in provision for directors’ bonuses

429

Increase (decrease) in allowance for doubtful accounts(1)1

Increase (decrease) in allowance for investment loss

29

1

Interest and dividend income

(28)

(38)

Interest expense

19

18

Loss (gain) on valuation of investment securities

10

52

Loss (gain) on sales of noncurrent assets(0)－Loss on retirement of noncurrent assets

01

Loss on valuation of stocks of subsidiaries and affiliates－

86

Decrease (increase) in notes and accounts receivable—trade

2,589

736

Decrease (increase) in inventories

(534)

(315)

Increase (decrease) in notes and accounts payable—trade

(640)

(809)

Increase (decrease) in other liabilities

208

141

Increase (decrease) in accrued consumption taxes

(253)

(49)

Other, net

(290)

13

Subtotal

1,957

796

Interest and dividends income received

28

31Interest expenses paid

(18)

(17)

Income taxes paid

(789)

(607)

Net cash provided by operating activities

1,177

202

(18)

(85)

1

－

Purchases of intangible assets

(59)

(77)

Purchases of investment securities

(846)

(340)

Increase (decrease) in provision for directors’ retirement
benefits

Net cash provided by (used in) investing activities:
Purchases of property, plant and equipment
Proceeds from sale of property, plant and equipment- 10 -SRA Holdings, Inc. (3817) Summary of Consolidated Financial Results for the Second Quarter of the Year Ending March 31, 2011

Proceeds from sales of investment securities

19

7

Payments for purchases of investments in subsidiaries

－

(32)

Payments of loans receivable

(506)

(17)

Collection of loans receivable

122

Payments into time deposits

(70)

(0)

Proceeds from withdrawal of time deposits

20－

Other, net

(18)

(10)

(1,466)(555)

Net increase (decrease) in short-term loans payable

(21)

(157)

Repayments of long-term loans payable

(10)

－

Purchase of treasury stock

(0)

(0)

Cash dividends paid

(553)

(553)

Net cash used in financing activities

(584)

(710)

3

(73)

Net increase (decrease) in cash and cash equivalents(869)(1,137)

Cash and cash equivalents at beginning of period

11,753

10,324

Cash and cash equivalents at the end of period

10,883

9,187

Net cash used in investing activities
Net cash provided by (used in) financing activities:

Effect of exchange rate changes on cash and cash equivalents- 11 -SRA Holdings, Inc. (3817) Summary of Consolidated Financial Results for the Second Quarter of the Year Ending March 31, 2011

(4) Notes Concerning Premise of Going Concern
None(5) Segment Informationa. Segment Information by Type of Business
Consolidated cumulative total for second quarter of fiscal 2010 (from April 1, 2009 to September 30,
2009)(Millions of yen)
SystemOperations

Systems
Development

andInfrastructure

Product

Eliminations/

Total

Sales

Corporate

Consolidated

Development
Sales(1) Sales to
8,368

2,091

5,506

15,967－

15,967transfers

13

132

225

370

(370)

－

Total sales

8,381

2,224

5,731

16,337(370)

15,967

764

470

317

1,553

(866)

687

customers(2) Intersegment
sales orOperating income
Note:

Businesses are classified into segments according to similarities that include the types and characteristics of services.

b. Geographical Segments
Consolidated cumulative total for second quarter of fiscal 2010 (from April 1, 2009 to September 30,
2009)(Millions of yen)Japan

Other Regions

Eliminations/

Total

Corporate

Consolidated

Sales(1) Sales to customers

14,3991,568

15,967－

15,967

167

13

180

(180)

－

14,566

1,581

16,147(180)

15,967

707

162

869

(182)

687

(2) Intersegment sales
or transfers
Total sales
Operating income
Notes:
1. Countries and regions are categorized based on geographic proximity.
2. Because only small amounts of net sales were recorded in each country and region outside Japan, these countries
and regions are aggregated under Other Regions.
- 12 -SRA Holdings, Inc. (3817) Summary of Consolidated Financial Results for the Second Quarter of the Year Ending March 31, 2011

Principal countries included in Other Regions are the United States and the Netherlands.
c. Overseas Sales
Consolidated cumulative total for second quarter of fiscal 2010 (from April 1, 2009 to September 30,
2009)(Millions of yen)
Other Regions
I

Overseas Sales

II

Consolidated net sales

III

Overseas sales as a percentage

of consolidated net sales (%)

Total
1,568

1,568

－

15,9679.8

9.8

Notes:
1. Countries and regions are categorized based on geographic proximity.
2. Because only small amounts of net sales were recorded in each country and region outside Japan, these countries
and regions are aggregated under Other Regions.
Principal countries included in Other Regions are the United States and the Netherlands.
3. Overseas sales are those recorded by the Company and its consolidated subsidiaries in countries and regions
outside Japan.

1. Summary of Reporting Segments
Consolidated cumulative total for second quarter of fiscal 2011 (from April 1, 2010 to September 30, 2010)
The Group’s reporting segments are those for which financial information separate from that of other units
comprising the Group can be obtained. Periodic reviews are made of reporting segments by the Board of Directors fordetermining the allocation of management resources and assessment of business results.
The Company carries out overall management of subsidiaries engaged in the three businesses of “Systems
Development,” “System Operations and Infrastructure Development” and “Product Sales.” Therefore, the Group’s
three reporting segments are “Systems Development,” “System Operations and Infrastructure Development” and“Product Sales.”Principal contents of business in each segment.
Business segment

Content of businessz

Integrated

systemdevelopment

rangingfromdefining

requirements

todevelopment

andmaintenanceof

mainframe-based large systemsz
Systems Development

System integration covering system planning, development andintroduction of open systemsz

Solutions business offering business tools that utilize various
products and toolszOpen source business that offers technical support for systems
through open source software- 13 -SRA Holdings, Inc. (3817) Summary of Consolidated Financial Results for the Second Quarter of the Year Ending March 31, 2011z

Operation management of computer systems and network systems

System Operations and z

Overall operation that includes data management and facilities

Infrastructure

management

Development

Productz

Building of network systemsz

Outsourcing servicesz

Sales of packaged software that includes licensingz

Sales of system devices, centering on servers, in integration
services

Salesz

Consulting services related to the introduction of IT

2. Information Concerning Net Sales and Income or Losses for each Reporting Segment
Consolidated cumulative total for second quarter of fiscal 2011 (from April 1, 2010 to September 30, 2010)(Millions of yen)AmountSystemOperations

Systems
Development

andInfrastructurerecorded on
Product
Sales

Adjustment

Total

*1

amountthe quarterly
consolidated
statements ofDevelopment

income *2

Sales
Sales to
8,882

1,910

5,503

16,297－

16,297transfers

8

107

207

323

(323)

－

Total sales

8,891

2,018

5,710

16,620(323)

16,297

965

385

371

1,721

(922)

799

customers
Intersegment
sales orOperating income
Notes:

1. The segment income adjustment of minus ¥922 million is a company-wide expense not apportioned to any
reporting segment. Company-wide expenses are general and administrative expenses and R&D expenses not
attributed to any reporting segment.
2. Segment operating income is adjusted in operating income on the quarterly consolidated statements of income.
3. Information Regarding Impairment Loss on Fixed Assets, Goodwill and Negative Goodwill, Etc. by Reporting
Segment
Consolidated cumulative total for second quarter of fiscal 2011 (from April 1, 2010 to September 30, 2010)(Significant impairment loss on fixed assets)
No items to report(Significant change in the amount of goodwill)
No items to report(Significant gain on negative goodwill)
No items to report- 14 -SRA Holdings, Inc. (3817) Summary of Consolidated Financial Results for the Second Quarter of the Year Ending March 31, 2011

(Additional Information)
Effective from the first quarter of the current fiscal year, the Company adopted the “Accounting Standard forDisclosures about Segments of an Enterprise and Related information” (ASBJ Statement No. 17, March 27, 2009)
and “Guidance on Accounting Standard for Disclosures about Segments of an Enterprise and Related information”(ASBJ Guidance No. 20, March 21, 2008).
(6) Notes on Significant Changes in Shareholders’ Equity
Consolidated cumulative total for second quarter of fiscal 2011 (from April 1, 2010 to September 30, 2010)
None

4. Other Information
Status of Production, Orders and Sales
Consolidated cumulative total for second quarter of fiscal 2011 (from April 1, 2010 to September 30, 2010)(1) Production amounts
Segment information by type of businessMillions of Yen

System Development
System Operations and Infrastructure
Development
Total% change YoY
9,575

107.1

1,918

90.9

11,494104.0(2) Purchase amounts
Segment information by type of businessMillions of Yen% change YoY

Product Sales

3,370

104.1

Total

3,370

104.1

(3) Status of orders
OrdersSegment information by type of business

System Development

Order backlog

received(Millions of(% change

Yen)

YoY)

(Millions ofYen)(% change
YoY)

9,378

101.3

4,612

106.7

1,570

95.8

1,213

90.9

Product Sales

5,159

87.5

2,294

76.2

Total

16,108

95.9

8,120

93.7

System Operations and Infrastructure
Development- 15 -SRA Holdings, Inc. (3817) Summary of Consolidated Financial Results for the Second Quarter of the Year Ending March 31, 2011(4) Sales amounts
Segment information by type of businessMillions of Yen

System Development% change YoY
8,882

106.1

1,910

91.3

Product Sales

5,503

100.0

Total

16,297102.1

System Operations and Infrastructure
Development- 16 -