D.A.Consortium Inc.
（ＵＲＬ http://www.dac.co.jp/ ）Financial Highlights of 3rd Quarter of Fiscal Year 2013 (April 1, 2013 to December 31, 2013) and3rd Quarter of Fiscal Year 2012 (April 1, 2012 to December 31, 2012)(1)

Consolidated operating results

3rd Quarter of FY 2013
3rd Quarter of FY 2012

Net sales

Operating income

Ordinary income

Mil.¥％75,615 ( 8.6)
69,638 ( 15.6)

Mil.¥％1,294（ 26.0)
1,026 (△38.7)

Mil.¥％1,304（ 21.1)
1,077 (△37.2)

Earnings

Diluted earnings

Comprehensiveper shareper share

IncomeYen
23.25
10.853rd Quarter of FY 2013
3rd Quarter of FY 2012

Yen
23.00
10.72

Net incomeMil.¥％
1,129( 114.4)526(△30.3)

Mil.¥％
1,938 ( 448.5)353 (△63.1)

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 December 31,2012 and December 31,2013 was calculated assumingthat said stock split was conducted at the beginning of the previous fiscal year.

(2)

Consolidated financial position
Total assets

3rd Quarter of FY 2013
(As of December 31,2013)
Fiscal Year 2012
(As of March 31,2013)

Net assets

Mil.¥Mil.¥％34,193

18,29836.7

31,344

16,47236.0(Reference) Capital: December 31, 2013: 12,540 million yen(3)Equity ratio

March 31, 2013: 11,298 million yen

Dividend per share

Record date

End of 1st

End of 2nd

End of 3rd

End ofAnnual

quarterquarterquarter

perioddividend

Yen

Yen

Yen

Yen

Yen

Fiscal Year 2012

―

0.00

―

600.00600.00Fiscal Year 2013

―

0.00

―
―

―

Fiscal Year 2013
(expected)

Note: 1. Revisions of the forecasts of consolidated results since the latest announcement: No
Note: 2. On April 1, 2013, DAC conducted a 100-for-1 stock split for shareholders as of March 31, 2013.
The above figures for Fiscal Year 2012 are based on actual dividend paid before the stock split.

- 1 -（4）Consolidated earnings forecast of Fiscal Year 2013 (April 1,2013 to March 31,2014)

Fiscal Year 2013

Net sales

Operatingincome

Ordinaryincome

Net income

Mil.¥％
103,415(7.4)
〜104,968(9.0)

Mil.¥％
1,673( 0.9)
〜2,020(21.8)

Mil.¥％1,730( 1.5)
〜2,077(21.9)

Mil.¥％1,280(59.1)〜1,568(94.9)

Note: Revisions of the forecasts of consolidated results since the latest announcement: Yes- 2 -Net income
per shareYen
26.37〜32.30DAC Consolidated Financial Statements(1)DAC Consolidated Balance Sheets(Unit:Thousands of Yen)
Items of an account

FY2012(As of March 31, 2013)

3rd Quarter of FY2013(As of December 31,2013)

AmountAmountAssets
Current assets
Cash and deposits

8,138,811

11,899,348

Notes and accounts receivable-trade13,627,949

12,777,201

Short-term investment securities

501,014−

Operational investment securities

681,463865,324

1,918,238

1,983,906

Other
Allowance for doubtful accounts-7,741-5,14624,859,737

27,520,634

844,695

718,469

Goodwill

697,162510,035

Software728,950

706,602

Software in progress

178,707

170,921

Other

28,311

27,587

1,633,131

1,415,146

Investment securities

2,768,719

3,627,176

Guarantee deposits

913,386

791,269

Other

345,697

135,782

Allowance for doubtful accounts-20,612-15,035

4,007,191

4,539,192

6,485,018

6,672,808

31,344,755

34,193,442

Total current assets
Noncurrent assets
Property, plant and equipment
Intangible assets

Total intangible assets
Investments and other assets

Total investments and other assets
Total noncurrent assets
Total assets- 3 -(Unit:Thousand Yen)
Items of an account

FY2012(As of March 31, 2013)

3rd Quarter of FY2013(As of December 31,2013)

AmountAmountLiabilities
Current liabilities
Accounts payable-trade

10,753,799

11,060,694

Short-term loans payable

295,000

1,120,000

Current portion of long-term loans payable

155,628

82,841

Current portion of bonds

30,600−Accounts payable-other808,888

625,896

Income taxes payable

608,678

944,372

Provision for bonuses

374,844

171,775

Provision for directors' bonuses

25,200

8,250

Other

958,972

1,252,477

14,011,611

15,266,307

Total current liabilities
Noncurrent liabilities
Bonds payable

59,400−Long-term loans payable

410,794

224,750

Provision for retirement benefits

268,873−

Other

121,276

403,909

Total noncurrent liabilities

860,343628,659

14,871,954

15,894,966

Capital stock

4,031,837

4,031,837

Capital surplus

3,184,465

3,184,209

Retained earnings

5,441,672

6,279,410

Total liabilities
Net assets
Shareholders' equity

Treasury stock-1,628,474-1,628,241

Total shareholders' equity

11,029,500

11,867,216

Valuation difference on available-for-sale securities

194,102515,476

Foreign currency translation adjustment

74,442

157,926

Total accumulated other comprehensive income

268,545

673,403242,771

274,257

Accumulated other comprehensive income

Subscription rights to shares
Minority interests

4,931,983

5,483,598

Total net assets

16,472,800

18,298,475

31,344,755

34,193,442

Total liabilities and net assets- 4 -(2)DAC Consolidated Statements of Income(Unit:Thousands of Yen)
3rd Quarter of FY2012(April 1,2012
to December 31,2012)
AmountItems of an account

3rd Quarter of FY2013(April 1,2013
to December 31,2013)
AmountNet sales

69,638,612

75,615,629

Cost of sales

59,174,311

65,275,297

Gross profit

10,464,301

10,340,332

Selling, general and administrative expenses

9,437,399

9,046,092

Operating income

1,026,901

1,294,239

Interest income

7,458

4,737

Dividends income

12,9408,870

Equity in earnings of affiliates

42,366−−

14,791Non-operating income

Insurance premiums refunded cancellation
Foreign exchange gains

12,799−Other

42,953

22,258

Total non-operating income

118,518

50,657

Interest expenses

15,6606,278Commission fee

36,591−−

10,632

Other

15,75923,321

Total non-operating expenses

68,01240,231

1,077,408

1,304,665−

1,411,544

Non-operating expenses

Equity in losses of affiliates

Ordinary income
Extraordinary income
Gain on sales of subsidiaries and affiliates' stocks
Other

354,523

118,905

Total extraordinary income

354,523

1,530,450

Impairment loss

83,78561,548Loss on exit penalty

27,161−

Other

26,693

96,835

Total extraordinary losses

137,640

158,383

Income before income taxes

Extraordinary loss

1,294,290

2,676,731

Income taxes-current

692,373

1,188,816

Income taxes-deferred

20,132

23,304

Income taxes

712,506

1,212,120

Income before minority interests

581,784

1,464,610

Minority interests in income

55,163

335,516

Net income

526,621

1,129,094- 5 -(3)DAC Consolidated Statements of Comprehensive Income(Unit:Thousands of Yen)
3rd Quarter of FY2012(April 1,2012
to December 31,2012)
AmountItems of an accountIncome before minority interests

3rd Quarter of FY2013(April 1,2013
to December 31,2013)
Amount

581,784

1,464,610

Valuation difference on available-for-sale securities-179,585

358,198

Deferred gains or losses on hedges-42,392−

Foreign currency translation adjustment-6,341

96,177−

19,805

Other comprehensive income-228,319

474,182

Comprehensive income

353,464

1,938,792

Comprehensive income attributable to owners of the parent

380,630

1,533,952

Comprehensive income attributable to minority interests-27,165404,840

Other comprehensive income

Share of other comprehensive income of associates accounted forusing equity method

Comprehensive income attributable to- 6 -(4)DAC Consolidated Statements of Cash Flows(Unit:Thousands of Yen)
Items of an account

3rd Quarter of FY2012(April 1,2012
to December 31,2012)

3rd Quarter of FY2013(April 1,2013
to December 31,2013)

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

1,294,290

2,676,731

Depreciation and amortization

501,877

437,394

Impairment loss

83,78561,548

Amortization of goodwill

185,456

183,125

Increase (decrease) in allowance for doubtful accounts-9,628

1,538

Increase (decrease) in provision for retirement benefits

17,443-268,873

Increase (decrease) in provision for point card certificates

10,037-10,328

Increase (decrease) in provision for bonuses

8,398-203,068

Increase (decrease) in provision for directors' bonuses

6,250-16,950

Increase (decrease) in deposits received

40,3824,810-129,911

30,548Loss (gain) on sales and valuation of investment securities−-1,411,544

Interest and dividends income-20,398-13,607

Interest expenses

15,6606,278

Equity in (earnings) losses of affiliates-42,366

10,632

6,551

10,034

Loss (gain) on sales of stocks of subsidiaries and affiliates

Loss (gain) on sales and retirement of noncurrent assets
Gain on reversal of subscription rights to shares-37,327-6,172

Loss (gain) on change in equity-96,339-91,431

Decrease (increase) in notes and accounts receivable-trade380,763

844,039

Decrease (increase) in advance payments-61,823-28,344

Decrease (increase) in inventories-54,222-22,288

Decrease (increase) in investment securities for sale

-42,511-144,572

Increase (decrease) in notes and accounts payable-trade-895,581

303,575

Increase (decrease) in accounts payable-other-72,773-3,262

Increase (decrease) in accrued consumption taxes

263,661

231,297

Increase (decrease) in long-term accounts payable-other

1,588

274,366

Other, net-145,658-347,423

Subtotal

1,207,602

2,508,052

Interest and dividends income received

21,283

20,714

Interest expenses paid

-14,328-5,854

Income taxes paid

-800,731-831,200

Net cash provided by (used in) operating activities

413,825

1,691,711

Payments into time deposits-2,816,450-5,200,000

Proceeds from withdrawal of time deposits

1,700,000

4,634,555

Purchase of property, plant and equipment-582,227-106,509

Purchase of intangible assets-424,878-509,537

Purchase of investment securities-62,554-505,098

Proceeds from sales and redemption of investment securities

266,860

29,903

Proceeds from collection of guarantee deposits

241,72149,373

Payments of long-term loans receivable-74,440−Collection of loans receivable

10,451

1,430

Net cash provided by (used in) investing activities

Purchase of stocks of subsidiaries and affiliates
Proceeds from sales of stocks of subsidiaries and affiliates-604,636-19,762−

1,547,497

Payments for transfer of business-57,467−

Payments for guarantee deposits-12,663-13,838

Payments of loans receivable−-1,400Purchase of insurance funds-11,010-6,633−30,638Proceeds from cancellation of insurance funds
Other, net-2,756

9,633-2,430,050-59,749

Net increase (decrease) in short-term loans payable-54,494

870,000

Proceeds from long-term loans payable

531,000−

Repayment of long-term loans payable-224,443-96,180

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

Proceeds from issuance of subscription rights to shares−

29,230

Proceeds from withdrawal of found trast for Subsidiarys Treasury Stock−408,595

Proceeds from stock issuance to minority shareholders

65,133

8,172

Proceeds from exercise of stock option

5,526

280,784

Cash dividends paid

-294,072-291,530

Cash dividends paid to minority shareholders-122,722-80,773

Other, net-3,032-7,234

Net cash provided by (used in) financing activities-97,103

1,121,064

Effect of exchange rate change on cash and cash equivalents-23

99,086

Net increase (decrease) in cash and cash equivalents-2,113,352

2,852,113

Cash and cash equivalents at beginning of period

9,573,605

6,595,701

Increase in cash and cash equivalents resulting from merger with subsidiaries andunconsolidated subsidiaries
Decrease in cash and cash equivalents resulting from exclusion of subsidiaries fromconsolidation
Cash and cash equivalents at end of period- 7 -10,941−−-157,465

7,471,194

9,290,348