November 5, 2015

Summary of Consolidated Financial Results for the Second Quarter of the Year Ending March 31, 2016
Company name:

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 6, 2015
November 30, 2015
Scheduled commencement of dividend payment:
Quarterly Results Supplemental Materials
Yes
Quarterly Results Presentation MeetingYes

1. Consolidated results for the second quarter of the fiscal year ending March 2016
(from April 1, 2015 to September 30, 2015)(1) Consolidated Operating Results (cumulative total)(All amounts rounded down, % change YoY)
Profit attributable

Net Sales

Ordinary Profit

Operating Income

to owners of the parent

Second quarter of fiscal
2016
Second quarter of fiscal
2015

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

18,047

9.4

1,538

56.5

1,670

31.2

966

―

16,503

1.1

983

1.8

1,273

6.7

(96)

―

Note：Comprehensive Income
Second quarter of fiscal 2016: ¥909 million (269.7%)
Second quarter of fiscal 2015: ¥245 million ((62.4)%)

Second quarter of fiscal
2016
Second quarter of fiscal
2015

Net Income

Net Income

per Shareper Share after Dilution

Yen

Yen

80.18

79.85

(8.01)―(2) Consolidated Financial Position

Second quarter of fiscal
2016
Fiscal 2015

Total Assets

Net Assets

Shareholders’ Equity Ratio

Millions of yen

Millions of yen%

31,40019,402

61.7

31,71418,85959.4

Reference: Shareholders’ equity
Second quarter of fiscal 2016: ¥19,372 million
Fiscal 2015: ¥18,834 million

12. Dividends
Dividend per Share

Fiscal 2015
Fiscal 2016

End of First QuarterEnd of Second QuarterEnd of Third Quarter

Year-end

Yen

Yen

Yen

Yen

Yen

―
―

17.00
25.00

―

38.00

55.00

―

40.00

65.00

Fiscal 2016(forecast)
Note: Revision of dividend forecast in this quarter:

For the YearNo

3. Consolidated Earnings Forecast for Fiscal 2016 (from April 1, 2015 to March 31, 2016)(% of change from FY2015）

Net Sales

FY2016

Operating Income

Ordinary Profit

Profit attributable

Net Income

to owners of the parent

per Share

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

Yen

37,300

2.1

3,360

10.2

3,450

(9.5)

2,260

37.9

187.79Note: Revision of consolidated results forecast in this quarter:No

4. Others(1) Changes to significant subsidiaries during the current period :No(2) Application of simplified accounting and application of special accounting :(3) Changes in accounting principles and procedures, presentation, etc.
1. Changes caused by revision of accounting standards, etc. :2. Changes other than 1. above:
No

No

Yes

(4) Number of shares outstanding (common stock)
1. Number of shares outstanding (including treasury stock)
Second quarter of fiscal 2016:15,240,000 sharesFiscal 2015:15,240,000 shares
2. Number of treasury stock
Second quarter of fiscal 2016:
3,154,645 sharesFiscal 2015:
3,205,445 shares
3. Average number of shares over period (consolidated total for quarter)
Second quarter of fiscal 2016:
12,049,069 sharesFirst quarter of fiscal 2015:
11,999,102 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.

2

Summary of Consolidated Financial Results for the Second Quarter of the Year Ending March 31, 2016

1. Qualitative Information Concerning Second-Quarter Consolidated Business Results(1) Explanation Concerning Business Results
During the second quarter of the fiscal year (April 1, 2015 to September 30, 2015), the Japanese economy continued
a moderate recovery underpinned by brisk personal consumption, a visible pickup in capital investment and an
improvement in corporate earnings.
In the information services industry, despite an increase in IT investments, mainly in the manufacturingindustries, and banking industries, the environment for securing orders remained severe due to intensifying
competition.
Within this business environment, the SRA Holdings Group formulated a Medium-Term Management Strategy
that covers the three-year period from fiscal 2016 through fiscal 2018 (from the fiscal year ending March 2016 to thefiscal year ending March 2018). Under this plan, we will seek to enhance corporate and shareholder value, promoteearnings structure reform and establish a high-income model, while working to further enhance shareholder returns.
Accordingly, we will implement the following measures under the Medium-Term Management Strategy. (For asummary of the Medium-Term Management Strategy, please refer to:
http://www.sra-hd.co.jp/Portals/0/ir/index-en.html )1) Improving profitability in existing operations• Further raise the gross profit margin
We worked to raise profitability by enhancing and strengthening project management, continuously reduce
production overhead costs, further expand offshore order placements and promote the appropriate level of production
staff. As a result, the gross profit margin rose 1.0 percentage point to 18.4% compared with the same period of theprevious fiscal year.
• Improve selling, general and administrative (SGA) expense ratio
We strived to raise operation efficiency by introducing an account manager system while working to reduce
operational costs of Head Office staff departments and SRA Professional Service, Co., Ltd., which handles a sharedservice. As a result, the SGA expense ratio improved to 9.8%.
• Expand orders and sales volume
A priority measure will be to increase customer share of wallet by deeply cultivating existing customers, and in doing
so, we worked to expand orders and sales. As a result, domestic Group companies, beginning with Software Research
Associates, Inc., (SRA, Inc.) generally achieved increases in revenues.
2) Transforming the SRA business model• We made Group-wide efforts to target higher added value in existing operations. For example, with the expanding
use of open source software year after year as well as the trend toward its use even in large systems, SRA OSS, Inc.,
which is developing business specializing in open source software, has expanded its target software to 33 types
centering on PostgreSQL and is providing support services such as consulting and training for realizing “support
services” that will become “recurring revenue-based operations” with high profitability and replacement rates.
• To “develop new business models,” we are promoting discussions at each Group company.
3) Strengthening links between SRA’s proprietary IP product business and overseas operations•Under the previous Medium-Term Management Strategy, we promoted “links between SRA’s proprietary IP product3

Summary of Consolidated Financial Results for the Second Quarter of the Year Ending March 31, 2016business and overseas operations” (undertaking the IP product business that offers high gross profit margins inemerging markets overseas). To further contribute to the Group’s earnings by strengthening these activities andexpanding business, we plan to make additional business investments in Proxim Wireless Corporation, Cavirin
Systems, Inc., Practechs, Inc. and Shenzhen xin gold sea electronic co., LTD (Kingnet), while making Kingnet anaffiliated company accounted for by the equity method.
Meanwhile, Cavirin Systems’ main product “cavirin” (a solution for cloud computing that responds to highmarket needs for “security” and “compliance management”) is earning high acclaim for its technological superiority
such as by being selected for a top rank in a ranking of noteworthy companies in the cyber security industry carriedout by a prominent U.S. research company. Along with this, the name recognition of “cavirin” has risen and thisproduct is being steadily introduced by major companies.
Due to the above initiatives, our consolidated business results for the second quarter of the fiscal year were as
follows.
Sales of the Systems Development business, the System Operations and Infrastructure Development business andthe Product Sales business all increased. As a result, consolidated net sales amounted to ¥18,047 million, a 9.4%
increase from the same period of the previous fiscal year.
At the profit level, due to an increase in gross profit accompanying growth in sales and a streamlining of SG&A
expenses, operating income rose 56.5% from the same period of the previous fiscal year to ¥1,538 million while
ordinary profit increased 31.2% from the same period of the previous fiscal year to ¥1,670 million and profit
attributable to owners of the parent amounted to ¥966 million (compared with a net loss of ¥96 million in the same
period of the previous fiscal year).
As detailed above regarding consolidated results for the second quarter, net sales and profits increased from same
period of the previous fiscal year while net sales, operating income, ordinary profit and profit attributable to ownersof the parent all exceeded our forecast.
Additionally, profit attributable to owners of the parent reached an all-time high for the second quarter.
A summary of consolidated business results for the second quarter by business segment is shown below.
1) Systems Development
The Systems Development business recorded increases in sales to manufacturing industries, banks and electric powercompanies. As a result, net sales increased 9.7% from the previous fiscal year to ¥9,590 million.
2) System Operations and Infrastructure Development
Although university-related orders were flat, there was an increase in orders from companies. As a result, net sales of
the System Operations and Infrastructure Development business increased 1.9% from the previous fiscal year to¥1,951 million.
3) Product Sales
Although sales by SRA Inc. declined, Advanced Integration Technology, Inc. (AIT) posted a sharp increase in device
sales. As a result, net sales of the Product Sales business rose 11.3% from the previous fiscal year to ¥6,506 million.
(2) Explanation Concerning Financial Condition
Total assets at the end of the second quarter amounted to ¥31,400 million, a decrease of 1.0% from the end of theprevious fiscal year. Total liabilities decreased 6.7% from the end of the previous fiscal year to ¥11,998 million andnet assets increased 2.9% to ¥19,402 million from the end of the previous fiscal year. Details of the principal
4Summary of Consolidated Financial Results for the Second Quarter of the Year Ending March 31, 2016

increases and decreases from the end of the previous fiscal year are as follows.
(Total Assets)
Investment securities increased ¥537 million to ¥4,714 million due to the purchase of shares of an affiliated company.
On the other hand, notes and accounts receivable—trade decreased ¥708 million to ¥5,515 million due to thecollection of trade receivables.
(Total Liabilities)
Provision for bonuses increased ¥77 million to ¥646 million. On the other hand, accrued consumption taxes
decreased ¥353 million to ¥268 million due to the payment of consumption taxes. Income taxes payable decreased¥293 million to ¥586 million owing to the payment of corporate income taxes. Provision for loss on construction
contracts decreased ¥230 million to ¥431 million.
(Total Net Assets)
Retained earnings increased ¥508 million to ¥15,797 million. On the other hand, valuation difference on
available-for-sale securities decreased ¥61 million to ¥532 million due to changes in the market prices of marketable
and investment securities.
(3) Explanation Concerning Consolidated Results Forecast and Other Future Projections
Taking into consideration circumstances up to the second quarter, the Company revised upward its forecast of
second-quarter consolidated financial results in the Consolidated Earnings Forecast for Fiscal 2016 released on May
14, 2015. Our previous full-year forecast of financial results remains unchanged due to uncertainties in economic
trends overseas, including China.

2. Summary Information (Notes)(1) Significant changes involving subsidiaries during the period: None
There were no significant changes to specified subsidiaries. However, during the second quarter, Kingnet was
included as an affiliated company accounted for by the equity method because SRA Inc., a subsidiary of theCompany, acquired a partial equity interest in Kingnet and underwrote a capital increase in Kingnet.
(2) Application of simplified accounting methods and accounting methods specific to the preparation of the quarterly
consolidated financial statements: None
(3) Changes in accounting principles, changes in accounting estimates and restatements(Application of Accounting Standard for Business Combinations and other accounting standards)
In the second quarter of the current consolidated fiscal year under review, we began applying the AccountingStandard for Business Combinations (ASBJ Statement No. 21 of September 13, 2013 (hereinafter referred to as theBusiness Combinations Accounting Standard)), Accounting Standard for Consolidated Financial Statements (ASBJ
Statement No. 22 of September 13, 2013) (hereinafter referred to as the Consolidated Accounting Standard)), andAccounting Standard for Business Divestitures (ASBJ Statement No. 7 of September 13, 2013) (hereinafter referred
to as the Business Divestures Accounting Standard)). According to the application of these and other accounting
standards, differences caused by the change in the equity of our subsidiaries that we have control over were recorded
as capital surplus. Acquisition costs were recorded as costs in the consolidated fiscal year when the acquisition costs
5Summary of Consolidated Financial Results for the Second Quarter of the Year Ending March 31, 2016

were incurred. For the business combinations that will be conducted after the beginning of the second quarter of thecurrent consolidated fiscal year under review, when provisional accounting treatments are confirmed, the acquisition
cost allocations will be revised in the Quarterly Consolidated Financial Statements to which the dates of the businesscombinations belong. In addition, we changed how we record quarterly net income and other items, and minority
interests were recorded as non-controlling interests. In order to reflect these changes in the records, the Quarterly
Consolidated Financial Statements and the Consolidated Financial Statements for the second quarter of the previous
consolidated fiscal year and the previous consolidated fiscal year were revised.
In the consolidated statements of cash flows for the second quarter, the Company shifted to a method whereby
cash flows related to the acquisition or sale of shares in a subsidiary not involving changes in the scope of
consolidation are listed under cash flows from financing activities while cash flows concerning expenses related tothe acquisition of shares in a subsidiary involving changes in the scope of consolidation as well as expenses incurredin the acquisition or sale of shares in a subsidiary not involving changes in the scope of consolidation are listed cash
flows from operating activities.
For the application of the Business Combinations Accounting Standard and other accounting standards, wefollow the transitional arrangements stipulated in Paragraph 58-2 (4) of the Business Combinations AccountingStandard, Paragraph 44-5 (4) of the Consolidated Accounting Standard and Paragraph 57-4 (4) of the Business
Divestitures Accounting Standard and have been applying these since the beginning of the first quarter of the current
consolidated fiscal year under review.
These changes had no material effect on the quarterly consolidated financial statements in the second quarter.

6

Summary of Consolidated Financial Results for the Second Quarter of the Year Ending March 31, 2016

3. Consolidated Financial Statements(1) Consolidated Balance Sheets(Millions of Yen)FY2015(as of March 31, 2015)

End of second quarter of FY2016(as of September 30, 2015)

ASSETS
Current assets:
Cash and deposits

8,672

8,500

Notes and accounts receivable—trade

6,223

5,515

Short-term investment securities

3,392

593

Merchandise and finished goods

784

1,192

Work in process

1,677

1,727

Short-term loans receivable

1,767

1,068

Deferred tax assets

658

550

Other

977

3,388

Allowance for doubtful accounts

(27)

(31)

24,12622,506

Buildings

317

321

Accumulated depreciation

(231)

(239)

Buildings, net

85

82

Machinery, equipment and vehicles

566

551

Accumulated depreciation

(510)

(504)

Machinery, equipment and vehicles, net

55

46

Other

113

113

Accumulated depreciation

(78)

(80)

Other, net

35

32

Total property, plant and equipment

175

161

Other

520

482

Total intangible assets

520

482

Investment securities

4,177

4,714

Long-term loans receivable

1,060

1,799

Deferred tax assets

1,243

1,313

Guarantee deposits

324

333

Net defined benefit asset

44

46

Other

171

175

Allowance for doubtful accounts

(12)

(12)

Allowance for investment loss

(118)

(120)

Total investments and other assets

6,891

8,250

7,588

8,894

31,714

31,400Total current assets
Noncurrent assets:
Property, plant and equipment

Intangible assets

Investments and other assets

Total noncurrent assets
Total assets

7Summary of Consolidated Financial Results for the Second Quarter of the Year Ending March 31, 2016

(Millions of Yen)FY2015(as of March 31, 2015)

End of second quarter of
FY2016(as of September 30, 2015)

LIABILITIESCurrent liabilities:
Accounts payable—trade

3,465

3,384

Short-term loans payable

1,179

1,179

Accrued expenses

593

499

Income taxes payable

880

586

Accrued consumption taxes

621

268

Provision for bonuses

568

646

Provision for directors’ bonuses

53

31

Provision for loss on construction contracts

662

431

Other

714

814

8,739

7,840

2

–

3,957

4,009

Provision for directors’ retirement benefits

140

148

Other

15

–

4,116

4,158

12,855

11,998

Capital stock

1,000

1,000

Capital surplus

4,468

4,499

Retained earnings

15,28815,797

Treasury stock(2,727)(2,672)

Total shareholders’ equity

18,03018,624

Valuation difference on available-for-sale securities

594

532

Foreign currency translation adjustments

585

584

Remeasurements of defined benefit plans

(375)

(370)

Total accumulated other comprehensive income

804

747

25

30

Total net assets

18,85919,402

Total liabilities and net assets

31,714

31,400Total current liabilities
Noncurrent liabilities:
Deferred tax liabilities
Net defined benefit liability

Total noncurrent liabilities
Total liabilities
NET ASSETS
Shareholders’ equity

Accumulated other comprehensive income

Subscription rights to shares

8Summary of Consolidated Financial Results for the Second Quarter of the Year Ending March 31, 2016

(2) Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive Income(Quarterly Consolidated Statements of Income)(Consolidated Cumulative Total for Second Quarter)
Consolidated cumulative
total for second quarterof fiscal 2015 (from
April 1, 2014 toSeptember 30, 2014)(Millions of Yen)
Consolidated cumulative
total for second quarterof fiscal 2016 (from
April 1, 2015 to
September 30, 2015)

Net sales

16,50318,047

Cost of sales

13,631

14,735Gross profit

2,872

3,312

Selling, general and administrative expenses

1,888

1,773

983

1,538

Interest received

93

103

Dividends received

13

27

Foreign exchange gains

119–

Guarantee commission received

60

6

Other

36

26

Total non-operating income

323

164

Interest expenses

13

12

Foreign exchange losses–

8

Stock transfer agency service fee

12

9

Other

7

0

Total non-operating expenses

33

31

1,273

1,670

Gain on sales of investment securities－

1

Gain on reversal of subscription rights to shares

21–

Total extraordinary income

211

Loss on retirement of noncurrent assets

140Loss on valuation of investment securities

866

93

Other

20

–

Total extraordinary loss

901

93

Income before income taxes and minority interests

393

1,579

Income taxes-current

527

550

Income taxes-deferred

(37)

62

Total income taxes

489

612

Net income (loss)

(96)

966

Profit (loss) attributable to owners of the parent

(96)

966

Operating income
Non-operating income

Non-operating expenses

Ordinary profit
Extraordinary income

Extraordinary loss

(Quarterly Consolidated Statements of Comprehensive Income)9Summary of Consolidated Financial Results for the Second Quarter of the Year Ending March 31, 2016

(Consolidated Cumulative Total for Second Quarter)
Consolidated cumulative
total for second quarterof fiscal 2015 (from
April 1, 2014 toSeptember 30, 2014)(Millions of Yen)
Consolidated cumulative
total for second quarterof fiscal 2016 (from
April 1, 2015 to
September 30, 2015)

Net income (loss)

(96)

966

Other comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustments

351

(61)

(15)

(0)

6

5

342

(57)

245

909

245

909

－

－

Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income(breakdown)Comprehensive income attributable to owners of the parent
Comprehensive income attributable to non-controllinginterests

10Summary of Consolidated Financial Results for the Second Quarter of the Year Ending March 31, 2016

(3) Consolidated Statements of Cash Flows
Consolidated
cumulative total forsecond quarter of fiscal
2015 (from April 1,2014 to September 30,
2014)(Millions of Yen)
Consolidated
cumulative total forsecond quarter of fiscal
2016 (from April 1,2015 to September 30,
2015)

Income before income taxes and minority interests

393

1,579

Depreciation and amortization

205

133

Increase (decrease) in net defined benefit liability

61

51

Increase (decrease) in provision for directors’ retirement benefits

(31)

8

Increase (decrease) in provision for bonuses

89

77

Increase (decrease) in provision for directors’ bonuses

(24)

(22)

Increase (decrease) in allowance for doubtful accounts

83

Increase (decrease) in allowance for investment loss

00Increase (decrease) in provision for loss on construction contracts

69

(230)

(106)

(130)

Interest expenses

13

12

Loss (gain) on valuation of investment securities

866

93

Loss (gain) on sales of investment securities–(1)

Loss on retirement of noncurrent assets

140

Decrease (increase) in notes and accounts receivable—trade

1,538

710

Decrease (increase) in inventories(1,172)

(458)

45

(82)

(231)

64

18

(353)

Other, net

(149)

(19)

Subtotal

1,609

1,435

Interest and dividends income received

75

66

Interest expenses paid

(13)

(12)

Income taxes paid

(668)

(736)

Net cash provided by operating activities

1,003

752

(300)

–

–

300

Purchase of property, plant and equipment

(43)

(8)

Purchase of intangible assets

(73)

(71)

Purchase of investment securities

(0)

(91)

Proceeds from sales of investment securities

100

120

Purchase of stocks of subsidiaries and affiliates

–

(383)

Payments of loans receivable

(363)

(408)

Collection of loans receivable

314

10

Payments into time deposits

(0)

(0)

Net cash provided by (used in) operating activities:

Interest and dividend income

Increase (decrease) in notes and accounts payable—trade
Increase (decrease) in other liabilities
Increase (decrease) in accrued consumption taxes

Net cash provided by (used in) investing activities:
Purchase of short-term investment securities
Proceeds from sales of short-term investment securities

11Summary of Consolidated Financial Results for the Second Quarter of the Year Ending March 31, 2016

Payments for guarantee deposits

(0)

(0)

Proceeds from collection of guarantee deposited

30

0

Other, net

(0)

(1)

(337)

(533)

(300)

–

(0)

–

(477)

(457)

Proceeds from exercise of stock option

80

79

Other

(0)

(0)

(697)

(378)

Effect of exchange rate changes on cash and cash equivalents

(44)

(12)

Net increase (decrease) in cash and cash equivalents

(76)

(172)

Cash and cash equivalents at beginning of period

7,909

8,792

Cash and cash equivalents at the end of period

7,832

8,620

Net cash used in investing activities
Net cash provided by (used in) financing activities:
Repayment of long-term loans payable
Purchase of treasury stock
Cash dividends paid

Net cash used in financing activities

12Summary of Consolidated Financial Results for the Second Quarter of the Year Ending March 31, 2016(4) Notes Concerning Consolidated Financial Statements for the Second Quarter(Notes Concerning Premise of Going Concern)
None(Notes on Significant Changes in Shareholders’ Equity)
None(Segment Information and others)[Segment Information]
I. Consolidated cumulative total for second quarter of fiscal 2015 (from April 1, 2014 to September 30, 2014)
1. Information Concerning Net Sales and Income or Losses for each Reporting Segment(Millions of Yen)
AmountSystemOperations

Systems
Development

andInfrastructurerecorded on
Product
Sales

Adjustment

Total

amount*1

the quarterly
consolidated
statements ofDevelopment

income*2

Sales(1) Sales to
Customers(2) Intersegment
sales ortransfers
Total sales
Segment income

8,744

1,915

5,843

16,503－

16,503

4

149

294

449

(449)

－

8,749

2,065

6,138

16,953(449)

16,503

752

423

430

1,606

(622)

983

Notes:
1. The segment income adjustment of minus ¥622 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 income is adjusted in operating income on the quarterly consolidated statements of income.

2. Information concerning impairment loss on fixed assets or goodwill for each reporting segment
None

13

Summary of Consolidated Financial Results for the Second Quarter of the Year Ending March 31, 2016

II. Consolidated cumulative total for second quarter of fiscal 2016 (from April 1, 2015 to September 30, 2015)
1. Information Concerning Net Sales and Income or Losses for each Reporting Segment(Millions of Yen)
AmountSystemOperations

Systems
Development

andInfrastructurerecorded on
Product
Sales

Adjustment

Total

amount*1

the quarterly
consolidated
statements ofDevelopment

income*2

Sales(1) Sales to
Customers

9,590

1,951

6,506

18,047－18,047

10

136

171

317

(317)

－

Total sales

9,600

2,087

6,677

18,365(317)

18,047

Segment income

1,075

438

615

2,129

(590)

1,538

(2) Intersegment
sales ortransfers

Notes:
1. The segment income adjustment of minus ¥590 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 income is adjusted in operating income on the quarterly consolidated statements of income.

2. Information concerning impairment loss on fixed assets or goodwill for each reporting segment
None

14

Summary of Consolidated Financial Results for the Second Quarter of the Year Ending March 31, 2016

(Significant subsequent events)
None

15

Summary of Consolidated Financial Results for the Second Quarter of the Year Ending March 31, 2016

4. Other Information
1. Status of Production, Orders and Sales
 Production amounts
Production by segment in the second quarter of the fiscal year ending March 31, 2016 is as follows.
Consolidated cumulative total for

Segment information by type of businesssecond quarter of fiscal 2016 (from% change YoY

April 1, 2015 to September 30, 2015)

Systems Development (Millions of Yen)
System Operations and Infrastructure
Development (Millions of Yen)
Total (Millions of Yen)

9,871

108.4

1,964

101.4

11,836

107.2

Notes:
1. Amounts are based on sales price.
2. The amounts above do not include consumption tax.
3. Intersegment transactions are offset.

 Purchase amounts
Purchases by segment in the second quarter of the fiscal year ending March 31, 2016 are as follows.
Consolidated cumulative total for

Segment information by type of businesssecond quarter of fiscal 2016 (from% change YoY

April 1, 2015 to September 30, 2015)

Product Sales (Millions of Yen)

4,091

96.9

Total (Millions of Yen)

4,091

96.9

Notes:
1. Amounts are based on purchase price.
2. The amounts above do not include consumption tax.
3. Intersegment transactions are offset.

16

Summary of Consolidated Financial Results for the Second Quarter of the Year Ending March 31, 2016

 Status of orders
Status of orders by segment in the second quarter of the fiscal year ending March 31, 2016 is as follows.
Orders received
Segment information by type of business(Millions ofOrder backlog% change YoY

Yen)

Systems Development(Millions of% change YoY

Yen)

10,155

108.8

4,978

99.5

1,601

101.5

1,258

97.9

Product Sales

6,936

103.6

4,811

134.4

Total

18,693106.2

11,048112.0

System Operations and Infrastructure
Development

Notes:
1. Amounts are based on sales price.
2. The amounts above do not include consumption tax.
3. Intersegment transactions are offset.

 Sales amounts
Sales by segment in the second quarter of the fiscal year ending March 31, 2016 are as follows.
Consolidated cumulative total for

Segment information by type of businesssecond quarter of fiscal 2016 (from% change YoY

April 1, 2015 to September 30, 2015)

Systems Development (Millions of Yen)

9,590

109.7

1,951

101.9

Product Sales (Millions of Yen)

6,506

111.3

Total (Millions of Yen)

18,047

109.4

System Operations and Infrastructure
Development (Millions of Yen)

Notes:
1. Amounts are based on sales price.
2. The amounts above do not include consumption tax.
3. Intersegment transactions are offset.

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