D.A.Consortium Inc.
（ＵＲＬ http://www.dac.co.jp/ ）Financial Highlights of 2nd Quarter of Fiscal Year 2013 (April 1, 2013 to September 30, 2013) and2nd Quarter of Fiscal Year 2012 (April 1, 2012 to September 30, 2012)(1)

Consolidated operating results
Net sales

2nd Quarter of FY 2013
2nd Quarter of FY 2012

Operating income

Ordinary incomeMil.¥％637（△20.2)
798 (△ 4.9)

Mil.¥％654（△22.3)
843（△ 2.8)

Earnings

Diluted earnings

Comprehensive

per shareper share

IncomeMil.¥％
48,332 ( 9.8)
44,008 ( 15.6)

Yen
20.79
5.54

2nd Quarter of FY 2013
2nd Quarter of FY 2012

Yen
20.61
5.46

Net incomeMil.¥％
1,009( 275.6)268(△11.8)

Mil.¥％1,296 ( 553.0)
198 (△60.1)

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 September 30,2012 and September 30,2013 was calculated assumingthat said stock split was conducted at the beginning of the previous fiscal year.

(2)

Consolidated financial position
Total assets

2nd Quarter of FY 2013
(As of September 30,2013)Fiscal Year 2012
(As of March 31,2013)

Net assets

Mil.¥

Mil.¥

％

31,062

17,54638.9

31,344

16,47236.0(Reference) Capital: September 30, 2013: 12,096 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: NoNote: 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 3rd Quarter of Fiscal Year 2013 (April 1,2013 to December 31,2013)

3rd quarter of FY 2013
Fiscal Year 2013

Net sales

Operatingincome

Ordinary
incomeNet income

Mil.¥％75,122(7.9)
〜76,070(9.2)
―

Mil.¥
％
1,133(10.4)〜1,225(19.3)
―

Mil.¥
％
1,190(10.5)〜1,282(19.0)―

Mil.¥％1,201(128.0)〜1,258(138.8)―

Note: Revisions of the forecasts of consolidated results since the latest announcement: No- 2 -Net incomeper shareYen
24.73〜25.90―DAC Consolidated Financial Statements(1)DAC Consolidated Balance Sheets(Unit:Thousands of Yen)
Items of an account

FY2012(As of March 31, 2013)

2nd Quarter of FY2013(As of September 30,2013)

AmountAmountAssetsCurrent assets
Cash and deposits

8,138,811

11,022,381

Notes and accounts receivable-trade13,627,949

11,150,573

Short-term investment securities

501,014−

Operational investment securities

681,463

693,681

1,918,238

1,859,976

Other
Allowance for doubtful accounts-7,741-4,517

24,859,737

24,722,096

844,695

772,242

Goodwill

697,162

586,643

Software728,950

782,160

Software in progress

178,707

102,143

Other

28,311

27,556

1,633,131

1,498,504

Investment securities

2,768,719

3,012,050

Guarantee deposits

913,386

790,366

Other

345,697

281,994

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

4,007,191

4,069,376

6,485,018

6,340,123

31,344,755

31,062,219

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)

2nd Quarter of FY2013(As of September 30,2013)

AmountAmountLiabilities
Current liabilities
Accounts payable-trade

10,753,799

8,950,548

Short-term loans payable

295,000

1,100,000

Current portion of long-term loans payable

155,628

87,921

Current portion of bonds

30,600−Accounts payable-other

808,888602,516

Income taxes payable

608,678

787,340

Provision for bonuses

374,844

318,411

Provision for directors' bonuses

25,200

1,500

Other

958,972

1,019,266

14,011,611

12,867,503

Total current liabilities
Noncurrent liabilities
Bonds payable

59,400−Long-term loans payable

410,794245,250

Provision for retirement benefits

268,873−

Other

121,276402,748

Total noncurrent liabilities

860,343

647,998

14,871,954

13,515,502

Capital stock

4,031,837

4,031,837

Capital surplus

3,184,4653,184,465

Retained earnings

5,441,672

6,159,937

Total liabilities
Net assets
Shareholders' equity

Treasury stock-1,628,474-1,628,619

Total shareholders' equity

11,029,500

11,747,621

Valuation difference on available-for-sale securities

194,102

170,123

Foreign currency translation adjustment

74,442

179,147

Total accumulated other comprehensive income

268,545

349,270

242,771

255,564

Accumulated other comprehensive income

Subscription rights to shares
Minority interests

4,931,983

5,194,261

Total net assets

16,472,800

17,546,717

31,344,755

31,062,219

Total liabilities and net assets- 4 -(2)DAC Consolidated Statements of Income(Unit:Thousands of Yen)
2nd Quarter of FY2012(April 1,2012
to September 30,2012)
AmountItems of an account

2nd Quarter of FY2013(April 1,2013
to September 30,2013)
AmountNet sales

44,008,029

48,332,058

Cost of sales

37,291,424

41,645,319

Gross profit

6,716,604

6,686,738

Selling, general and administrative expenses

5,918,219

6,049,512

798,385

637,226

Interest income

4,903

3,175

Dividends income

12,8488,778

Equity in earnings of affiliates

41,019−−14,791

Other

16,992

18,349Total non-operating income

75,76345,095Interest expenses

8,643

4,059

Commission fee

11,237

−

−

5,879

6,217

10,676−

6,350

Operating income
Non-operating income

Insurance premiums refunded cancellation

Non-operating expenses

Equity in losses of affiliates
Foreign exchange losses
Loss on insurance cancellation
Other

5,043

473

Total non-operating expenses

31,142

27,438843,006

654,882−

1,404,236

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

73,10550,985

Total extraordinary income

73,105

1,455,221

Impairment loss

15,525

9,975

Loss on exit penalty

24,912−−

12,360

Other

9,144

13,409Total extraordinary losses

49,58235,745

Income before income taxes

866,5292,074,358

Income taxes-current

462,805

873,368

Income taxes-deferred

65,84939,583

Income taxes

528,655

912,951

Income before minority interests

337,874

1,161,407

Minority interests in income

69,065

151,785

Net income

268,808

1,009,621

Extraordinary loss

Loss on abolishment of retirement benefit plan- 5 -(3)DAC Consolidated Statements of Comprehensive Income(Unit:Thousands of Yen)
2nd Quarter of FY2012(April 1,2012
to September 30,2012)
AmountItems of an accountIncome before minority interests

2nd Quarter of FY2013(April 1,2013
to September 30,2013)
Amount337,874

1,161,407

Other comprehensive income
Valuation difference on available-for-sale securities-135,287-7,387

Deferred gains or losses on hedges-1,529−Foreign currency translation adjustment-2,572

99,264−42,903

Other comprehensive income-139,389

134,780

Comprehensive income

198,484

1,296,187

Comprehensive income attributable to owners of the parent

169,317

1,090,346

Comprehensive income attributable to minority interests

29,167

205,841

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

2nd Quarter of FY2012(April 1,2012
to September 30,2012)

2nd Quarter of FY2013(April 1,2013
to September 30,2013)

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

866,5292,074,358

Depreciation and amortization

314,101

284,991

Impairment loss

15,525

9,975

Amortization of goodwill

111,731

106,516

Increase (decrease) in allowance for doubtful accounts-2,248908

Increase (decrease) in provision for retirement benefits

14,950-268,873

Increase (decrease) in provision for point card certificates
Increase (decrease) in provision for bonuses
Increase (decrease) in provision for directors' bonuses

8,820-8,743111,109-56,433-500-23,700-17,752-11,954

8,643

4,059-41,019

5,879

Loss (gain) on sales and retirement of noncurrent assets

1,995

3,275

Gain on reversal of subscription rights to shares-7,128−Loss (gain) on sales and valuation of investment securities-64,94078−-1,404,236Interest and dividends income
Interest expenses
Equity in (earnings) losses of affiliates

Loss (gain) on sales of stocks of subsidiaries and affiliates
Loss (gain) on change in equity

1,641-31,548

Decrease (increase) in notes and accounts receivable-trade666,750

2,470,668

Decrease (increase) in advance payments-188,578-137,491

Decrease (increase) in inventories

11,851-12,546

Decrease (increase) in investment securities for sale

-18,277

11,315-2,641,086-1,806,570-325,939-37,878

Increase (decrease) in notes and accounts payable-trade
Increase (decrease) in accounts payable-other
Increase (decrease) in deposits received

18,242

7,122

Increase (decrease) in accrued consumption taxes

175,410

198,258-762

284,050

Increase (decrease) in long-term accounts payable-other
Other, net

219,362

53,153

Subtotal-761,565

1,714,636Interest and dividends income received

19,38018,834

Interest expenses paid

-7,430-4,373-630,089-657,475-1,379,704

1,071,622

Payments into time deposits-1,900,000-2,600,000

Proceeds from withdrawal of time deposits

1,050,000

2,034,555

Purchase of property, plant and equipment-517,372-89,234

Purchase of intangible assets-294,201-360,233

Purchase of investment securities-61,156-300,911

Proceeds from sales and redemption of investment securities

111,094

10,373Purchase of stocks of subsidiaries and affiliates-568,231-19,762

Income taxes paid
Net cash provided by (used in) operating activities
Net cash provided by (used in) investing activities−

1,547,497-4,693-10,754

230,499

47,343

Payments of loans receivable−-1,400

Collection of loans receivable

5,047

860

Purchase of insurance funds-8,778-4,401−

30,638Proceeds from sales of stocks of subsidiaries and affiliates
Payments for guarantee deposits
Proceeds from collection of guarantee deposits

Proceeds from cancellation of insurance funds
Other, net-2,876

9,292-1,960,668

293,861

Net increase (decrease) in short-term loans payable

17,920850,000

Proceeds from long-term loans payable

531,000−

Repayment of long-term loans payable-119,779-70,600

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

Proceeds from stock issuance to minority shareholders

12,153

3,400

Proceeds from exercise of stock option

1,776

121,867

Cash dividends paid

-294,072-291,530

Cash dividends paid to minority shareholders-74,540-61,652

Other, net-1,659-5,374

Net cash provided by (used in) financing activities

72,799546,109

Effect of exchange rate change on cash and cash equivalents-22,367

63,552

Net increase (decrease) in cash and cash equivalents-3,289,940

1,975,146

Cash and cash equivalents at beginning of period

9,573,605

6,595,701

10,941−

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 -−-157,465

6,294,605

8,413,381