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Consortium Inc.

（ＵＲＬ http://www.dac.co.jp/ ）Financial Highlights of Fiscal Year 2013 (April 1, 2012 to March 31, 2013) andFiscal Year 2012 (April 1, 2011 to March 31, 2012)(1) Consolidated operating results
Net sales

Operating income

Ordinary income

Net income

Mil.¥
％
Mil.¥
％
Mil.¥
％
Mil.¥
％
Fiscal Year 2013
96,319 ( 16.3)
1,658（△25.8)
1,704（△25.7)
804 (△41.3)
Fiscal Year 2012
82,785 (-)
2,234（-)
2,295（-)
1,369（-)
Note1: Comprehensive income: March 31, 2013 944million yen(up 48.7%) March 31, 2012 1,842million yen(-%)
Note2: DAC has decided to change fiscal year 2011 end from November 30 to March 31 of each year.

In fiscal Year 2012, no comparison is made because of the change in accounting periods.

Fiscal Year 2013
Fiscal Year 2012

Net income

Diluted Net income

ReturnReturn

Operating income

per shareper shareon equity

on assets

margin

Yen
16.57
27.27

Yen
16.39
27.08％
7.3
12.6％
5.4
8.2％
1.7
2.7

(Reference) Equity in earnings(losses)of affiliates:
Fiscal year ended March 31, 2013: 26 million yen

Fiscal year ended March 31, 2012: 47 million yen

Note: On April 1,2013,DAC conducted a 100-for-1 stock split for shareholders as of March 31,2013.In addition,
basic net income per share for fiscal years ended March 31,2012 and March 31,2013 was calculated assuming thatsaid stock split was conducted at the beginning of the previous fiscal year.

(2)

Consolidated financial position
EquityTotal assets

Fiscal Year 2013
(As of March 31,2013)
Fiscal Year 2012
(As of March 31,2012)

Net assets

Equity ratio

per shareMil.¥Mil.¥％Yen

31,344

16,47236.0

232.6931,545

16,45334.1

221.73(Reference) Capital: March 31, 2013: 11,298 million yen

March 31, 2012: 10,766 million yen

Note: On April 1,2013,DAC conducted a 100-for-1 stock split for shareholders as of March 31,2013.In addition,
net assets per share for fiscal years ended March 31,2012 and March 31,2013 was calculated assuming that said
stock split was conducted at the beginning of the previous fiscal year.

- 1 -(3)Consolidated cash flows
Net cash provided by

Net cash provided by

Net cash provided by

Cash and cash(used in) operating(used in) investing(used in) financing

equivalents at end ofactivities

activities

activities

period

Mil.¥
309
2,817

Fiscal Year 2013
Fiscal Year 2012

(4)

Mil.¥
-2,688
80

Mil.¥
-654
-1,178

Mil.¥
6,595
9,573

Cash dividend per share
Total

Dividend

Dividends toAmount ofpayout

net assets

dividends

ratio

ratio

End of 1st End of 2nd End of 3rd

End ofAnnual

quarterquarterquarter

perioddividend

Yen

Yen

Yen

Yen

Yen

Fiscal Year 2012

―

0.00

―

600.00600.00

291

22.0

2.8

Fiscal Year 2013

―

0.00

―

600.00600.00

291

36.2

2.6

Fiscal Year 2014
(expected)――――

Record date―Mil.¥％％―Note: On April 1,2013,DAC conducted a 100-for-1 stock split for shareholders as of March 31,2013.

（5）Consolidated earnings forecast of 1st Quarter of Fiscal Year 2014(April 1,2013 to June 31,2013)

1st quarter of 2014
Fiscal Year 2014

Net sales

OperatingincomeOrdinary
incomeNet income

Mil.¥％25,821 (16.4)〜26,133 (17.8)
―

Mil.¥
％
453（-23.1)〜589 ( 0.0)
―

Mil.¥
％
456（-24.7)〜593 ( -2.1)―

Mil.¥％115（-40.3)〜160 (-16.9)―- 2 -Net income
per shareYen
2.36〜3.29―

DAC Consolidated Financial Statements(1)DAC Consolidated balance sheets(Unit:Thousands of Yen)
Items of an account

FY2012(As of March 31, 2012)

FY2013(As of March 31, 2013)

AmountAmountAssetsCurrent assets
Cash and deposits

9,927,853

8,138,811

Notes and accounts receivable-trade

12,399,121

13,627,949

704,752

501,014

Securities
Operational investment securities

1,002,177

681,463

Other

1,363,716

1,918,238

Allowance for doubtful accounts
Total current assets-12,096-7,741

25,385,523

24,859,737

Noncurrent assets
Property, plant and equipment
Buildings

460,499

688,873

Accumulated depreciation-135,729-247,144

Buildings, net

324,769

441,728

Tools, furniture and fixtures

839,772

997,206

Accumulated depreciation-567,710-619,095

Tools, furniture and fixtures, net

272,061

378,111

Lease assets

19,315

33,103

Accumulated depreciation-10,723-11,844

8,592

21,259Lease assets, net

−

3,596

605,424844,695

Goodwill

914,291

697,162

Software965,634

728,950

Software in progress

75,982

178,707

Other

20,08428,311

1,975,993

1,633,131

Investment securities

2,086,976

2,768,719Guarantee deposits

1,132,855

913,386

Other

380,920

345,697

Allowance for doubtful accounts-22,067-20,6123,578,685

4,007,191

Construction in progress
Total property, plant and equipment
Intangible assets

Total intangible assets
Investments and other assets

Total investments and other assets
Total noncurrent assets
Total assets- 3 -6,160,103

6,485,018

31,545,626

31,344,755

(Unit:Thousands of Yen)
Items of an account

FY2012(As of March 31, 2012)

FY2013(As of March 31, 2013)

AmountAmount

Liabilities
Current liabilities
Accounts payable-trade

10,751,372

10,753,799

Short-term loans payable

419,500

295,000

Current portion of long-term loans payable

171,652

155,628

Current portion of bonds−

30,600Accounts payable-other

1,361,002

808,888

Income taxes payable

599,196608,678

Provision for bonuses

162,248374,844

Provision for directors' bonuses

14,00025,200Other

791,441

911,748

14,270,414

13,964,387

Total current liabilities
Noncurrent liabilities−

59,400Long-term loans payable

316,938

410,794

Provision for retirement benefits

237,571

268,873

Provision for point card certificates

40,97147,223

Other

225,788

121,276

Bonds payable

Total noncurrent liabilities

821,269

907,567

15,091,683

14,871,954

Capital stock

4,031,837

4,031,837

Capital surplus

3,184,465

3,184,465

Total liabilities
Net assets
Shareholders' equity

Retained earnings

4,928,342

5,441,672

Treasury stock-1,626,980-1,628,474

Total shareholders' equity

10,517,665

11,029,500

257,671

194,102-9,21374,442

248,458

268,545

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total accumulated other comprehensive income
Subscription rights to shares

287,895

242,771

Minority interests

5,399,923

4,931,983

Total net assets

16,453,943

16,472,800

31,545,626

31,344,755

Total liabilities and net assets- 4 -(2)DAC Consolidated Statements of Income(Unit:Thousands of Yen)
Items of an account

FY2012(April 1,2011
to March 31,2012)

FY2013(April 1,2012
to March 31,2013)

AmountAmountNet sales

82,785,163

96,319,867

Cost of sales

71,002,160

82,131,029Gross profit

11,783,002

14,188,838

Selling, general and administrative expenses

9,548,976

12,530,703

Operating income

2,234,025

1,658,135Interest income

3,051

10,010

Dividends income

14,993

17,069Equity in earnings of affiliates

47,37926,575Non-operating income

−

8,685

Gain on tax-exempt consumption tax

10,834

41,586

Other

11,003

17,975

Total non-operating income

87,263

121,903

7,968

19,745

Foreign exchange gains

Non-operating expenses
Interest expenses−

36,591

Foreign exchange losses

8,514−

Loss on investments in partnership

2,627−

Other

6,670

19,187

Commission fee

Total non-operating expenses

25,781

75,5252,295,507

1,704,512

237,922

134,919

2,517

101,167−

61,052Gain on bargain purchase423,988

81,201

Other

44,06735,589Total extraordinary income

708,496

413,930

Ordinary income
Extraordinary income
Gain on sales of investment securities
Gain on change in equity
Gain on reversal of subscription rights to shares

Extraordinary loss
Loss on retirement of noncurrent assets

34,78826,336

Impairment loss

110,176

107,035

Loss on valuation of investment securities

25,451

4,927

955

64,762

Loss on exit penalty
Other34,507

37,464

Total extraordinary losses

205,880

240,525

Income before income taxes

2,798,123

1,877,916

Income taxes-current

1,153,181

1,093,083

Income taxes-deferred

15,300-137,945

Income taxes

1,168,482

955,138

Income before minority interests

1,629,641

922,778259,797

118,093

1,369,844

804,684

Minority interests in income
Net income- 5 -(3)DAC Consolidated statements of comprehensive income(Unit:Thousands of Yen)
Items of an accountIncome before minority interests

FY2012(April 1,2011
to March 31,2012)

FY2013(April 1,2012
to March 31,2013)

AmountAmount
1,629,641

922,778

205,976-79,710

6,580

65,907−35,212Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Share of other comprehensive income of associates accounted for using
equity method
Total other comprehensive income
Comprehensive income

212,556

21,4091,842,198

944,188

1,540,630

824,356

301,568

119,831

Comprehensive income attributable toComprehensive income attributable to owners of the parent
Comprehensive income attributable to minority interests- 6 -(4)DAC Consolidated statements of cash flows(Unit:Thousands of Yen)
Items of an account

FY2012(April 1,2011
to March 31,2012)

FY2013(April 1,2012
to March 31,2013)

ammount

ammount

Net cash provided by (used in) operating activities
Income before income taxes

2,798,123

1,877,916

Depreciation and amortization

397,946

670,505

Impairment loss

110,176

107,035

Amortization of goodwill

205,499

240,227

Increase (decrease) in allowance for doubtful accounts-12,402-5,399

Increase (decrease) in provision for directors' bonuses-49,000

11,200

Increase (decrease) in provision for point card certificates-20,871

14,772

Increase (decrease) in provision for retirement benefits

63,67431,302

Increase (decrease) in provision for bonuses-69,324

212,595

Interest and dividends income-18,045-27,080

Interest expenses
Equity in (earnings) losses of affiliates
Loss (gain) on sales and retirement of noncurrent assets
Gain on sales of investment securities
Loss (gain) on valuation of investment securities

7,968

19,745-47,379-26,575

34,794

31,749-237,922-134,919

25,451

4,927−

11,676

Gain on bargain purchase-423,988-81,201

Loss (gain) on step acquisitions-25,809−−-61,052

Loss on valuation of stocks of subsidiaries and affiliates

Gain on reversal of subscription rights to shares
Loss (gain) on change in equity
Decrease (increase) in notes and accounts receivable-trade
Decrease (increase) in inventories
Decrease (increase) in investment securities for sale
Increase (decrease) in advances received
Increase (decrease) in notes and accounts payable-trade
Increase (decrease) in accounts payable-other
Increase (decrease) in accrued consumption taxes

3,135-94,444-1,095,071-1,410,804-21,821

2,935

−

1,433

11,817

135,367

2,166,825

2,426

3,751

-291,631-9,842

13,214

Other, net

119,927

127,586

Subtotal

3,917,612

1,383,508

Interest and dividends income received

18,051

26,835Interest expenses paid

-7,968-18,413

Income taxes paid

-1,110,186-1,082,554

Net cash provided by (used in) operating activities

2,817,508

309,376

Payments into time deposits−-2,966,450

Proceeds from withdrawal of time deposits−

2,000,000

Net cash provided by (used in) investing activities

Proceeds from sales and redemption of securities
Purchase of investment securities

4,000−-205,259-293,683

Proceeds from sales and redemption of investment securities

283,069

268,041

Purchase of property, plant and equipment-247,251-672,778

Purchase of intangible assets-441,896-499,861−-610,695

Purchase of stocks of subsidiaries and affiliates

85,050−−-30,000

Payments for asset retirement obligations-22,000−

Payments for liquidation of subsidiaries-7,433−

Proceeds from transfer of business

24,00011,660−-57,467

1,062,340−

Proceeds from sales of stocks of subsidiaries and affiliates
Payments of purchase of Investments in other securities of subsidiaries and affiliates

Payments for transfer of business
Proceeds from purchase of investments in subsidiaries resulting in change in scope of consolidation
Purchase of investments in subsidiaries resulting in change in scope of consolidation
Proceeds from sales of investments in subsidiaries resulting in change in scope of consolidation
Payments for guarantee deposits-68,859−−

70,652-374,520-37,396

Proceeds from collection of guarantee deposits−

242,428

Payments of loans receivable−-109,899

Collection of loans receivable−

18,782

Purchase of insurance funds-11,458-12,764

Other, net

506-8,98380,287-2,688,414

Net increase (decrease) in short-term loans payable

277,000-124,500

Proceeds from long-term loans payable342,350

591,000

Repayment of long-term loans payable-185,203-439,251−

90,000Net cash provided by (used in) investing activities
Net cash provided by (used in) financing activities

Proceeds from issuance of bonds-1,300,000−

Payments of found trast for Subsidiarys Treasury Stock−-424,000

Proceeds from stock issuance to minority shareholders

128,000

66,536

Proceeds from exercise of stock option

12,096

7,526

Cash dividends paid

-369,136-294,072

Cash dividends paid to minority shareholders-80,795-124,311

Other, net-3,232-3,741-1,178,922-654,813

Purchase of treasury stock

Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents

12,82345,005

Net increase (decrease) in cash and cash equivalents

1,731,696-2,988,845

Cash and cash equivalents at beginning of period

7,841,908

9,573,605

Increase in cash and cash equivalents of merged previously non-consolidated subsidiary
Cash and cash equivalents at end of period- 7 -−

10,941

9,573,605

6,595,701