SRA : 4Q 2022

May 18, 2023

Summary of Consolidated Financial Results for the Year Ended March 31, 2023

Company name:	SRA Holdings, Inc. (URL: https://www.sra-hd.co.jp/)
Stock listing:	Tokyo Stock Exchange
Code number:	3817
President:	Toru Kashima
For inquiries, please contact:	Toshiaki Kobayashi, Executive Officer, Group Finance & Accounting
Tel:	[phone]

Date of ordinary general meeting of shareholders:	June 22, 2023
Scheduled commencement of dividend payment:	June 8, 2023
Scheduled date of submission of financial reports:	July 22, 2023
Results Supplement Materials:	Yes
Results Presentation Meeting :	Yes (for institutional investors) *Held online

1. Consolidated Financial Results for Fiscal 2023(from April 1, 2022 to March 31, 2023)

(1) Consolidated Operating Results									(All amounts rounded down, % change YoY)
		Net Sales				Operating Profit		Ordinary Profit		Profit (loss) attributable
								to owners of parent
		Millions of Yen	%			Millions of Yen	%		Millions of Yen	%	Millions of Yen	%
Fiscal 2023		42,864	6.6			6,004	10.4		7,201		11.4		879	(75.4)
Fiscal 2022		40,203	2.1			5,440	8.2		6,463		22.7		3,577	16.4
Note : Comprehensive Income
	Fiscal 2023: ¥2,016 million ((53.2)%)
	Fiscal 2022: ¥4,305 million (14.4%)
		Net Profit			Net Profit per Share	Ratio of Net Profit to		Ratio of Ordinary		Ordinary Profit
		per Share			after Dilution	Shareholders' Equity		Profit to Total Assets		Ratio
		Yen				Yen		%		%				%
Fiscal 2023		71.13			70.95		3.4		17.4				14.0
Fiscal 2022		289.96			289.66		15.0		16.5				13.5
Reference: Gain (loss) on equity method investments:
	Fiscal 2023: ¥(121) million
	Fiscal 2022: ¥(152) million
(2) Consolidated Financial Position
		Total Assets		Net Assets		Shareholders' Equity Ratio		Shareholders' Equity
						per Share
		Millions of Yen		Millions of Yen				%			Yen
Fiscal 2023		42,387				26,016			61.2		2,087.73
Fiscal 2022		40,175				25,362			62.9		2,048.95
Reference: Shareholders' equity
	Fiscal 2023: ¥25,922 million
	Fiscal 2022: ¥25,276 million
(3) Consolidated Cash Flows
		Cash Flows from		Cash Flows from		Cash Flows from	Cash and Cash Equivalents
		Operating Activities		Investing Activities		Financing Activities		at the End of Period
		Millions of	Yen		Millions of	Yen		Millions of Yen			Millions	of Yen
Fiscal 2023		5,141				(315)			(1,313)		13,586
Fiscal 2022		2,826				(460)			(1,495)		9,902

2. Dividends

			Dividend per Share					Net Assets to
						Total	Dividend
	End of	End of	End of			Dividend
		For the	Dividends	Propensity
	First	Second	Third	Year-end	Ratio
	year	(for the year)	(consolidated)
	(consolidated)
	Quarter	Quarter	Quarter
	Yen	Yen	Yen	Yen	Yen	Millions of Yen	%	%
Fiscal 2022	－	40.00	－	90.00	130.00	1,603	44.8	6.7
Fiscal 2023	－	40.00	－	100.00	140.00	1,735	196.8	6.8
Fiscal 2024(forecast)	－	40.00	－	100.00	140.00		48.3

1

3. Consolidated Earnings Forecast for Fiscal 2024 (from April 1, 2023 to March 31, 2024)

（% change YoY is for the fiscal year or for interim period）

	Net Sales		Operating Profit	Ordinary Profit	Profit (loss) attributable	Net Profit
		to owners of parent	per Share
	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
Interim Period	21,000	0.2	2,650	(4.8)	2,800	(44.2)	1,600	(37.6)	128.86
Full Year	44,500	3.8	6,250	4.1	6,150	(14.6)	3,600	309.4	289.93

4. Others
(1)	Changes to significant subsidiaries during the current period :	No
(2)	Changes in accounting principles, changes in accounting estimates, and restatements
1.	Changes caused by revision of accounting standards, etc. :	Yes
2.	Changes other than 1. above:	No
3.	Changes in accounting estimates:	No
4.	Restatements:	No

1. Number of outstanding shares (common shares)

1. Shares issued at the end of term (including own shares) Fiscal 2023: 15,240,000 shares
   Fiscal 2022: 15,240,000 shares
2. Own shares at end of term

Fiscal 2023: 2,823,231 shares

Fiscal 2022: 2,903,431 shares

3. Average number of shares over period Fiscal 2023: 12,361,504 shares Fiscal 2022: 12,336,587 shares

（Reference）Non-Consolidated Financial Results for Fiscal 2023 (from April 1, 2022 to March 31, 2023)

(1) Non-Consolidated Operating Results					(% change YoY)
		Net Sales		Operating Profit	Ordinary Profit	Net Income
		Millions of Yen	%	Millions of Yen	%	Millions of Yen	%	Millions of Yen	%
	Fiscal 2023	2,326	(7.6)	1,964	(9.3)	1,912	(10.1)	1,863	(9.8)
	Fiscal 2022	2,517	366.2	2,164	-	2,127	-	2,066	-
		Net Income	Net Income per Share
		per Share		after Dilution
		Yen		Yen
	Fiscal 2023	137.73		137.40
	Fiscal 2022	152.76		152.62
(2) Non-Consolidated Financial Position
		Total Assets	Net Assets		Shareholders' Equity Ratio	Shareholders' Equity
			per Share
		Millions of Yen	Millions of Yen	%		Yen
	Fiscal 2023	8,925		8,152		90.0		592.27
	Fiscal 2022	8,769		7,806		88.0		570.80

Reference: Shareholders' equity:

Fiscal 2023: ¥8,058 million

Fiscal 2022: ¥7,721 million

*This earnings release is not subject to the quarterly review process as required by the Financial Instruments and Exchange Act of Japan.

*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 contained in or suggested by any forward-looking statements.

2