D.A.Consortium Inc.
（ＵＲＬ

http://www.dac.co.jp/）

Financial Highlights of 2nd Quarter of Fiscal Year 2014 (April 1, 2014 to September 30, 2014) and2nd Quarter of Fiscal Year 2013 (April 1, 2013 to September 30, 2013)(1)

Consolidated operating results
Net sales

Operating income

Ordinary income

Mil.\％
1,098 （ 72.3)
637 (△20.2)

Mil.\％
1,105（ 68.8)654（△22.3)

Earnings

Diluted earnings

Comprehensiveper shareper share

IncomeMil.\％
57,046 (18.0)
48,332 ( 9.8)

2nd Quarter of FY 2014
2nd Quarter of FY 2013

Yen
11.80
20.792nd Quarter of FY 2014
2nd Quarter of FY 2013
(2)

Yen
11.67
20.61

Mil.\％
572 (△43.3）
1,009 ( 275.6）

Mil.\％
924 (△28.6)
1,296 ( 553.0)

Consolidated financial position
Total assets

2nd Quarter of FY 2014
(As of September 30,2014)
Fiscal Year 2013
(As of March 31,2014)

Net assets

Equity ratio

Mil.\

Mil.\％

37,681

21,071

36.3

37,49920,045

35.7(Reference) Capital: September 30, 2014: 13,683 million yen(3)

Net income

March 31, 2014: 13,401 million yen

Dividend per share

Record date

End of 1st

End of 2ndEnd of 3rd

End ofAnnual

quarter

Quarterquarter

perioddividend

Yen

Yen

Yen

Yen

Yen

Fiscal Year 2013

―0.00

―

6.00

6.00

Fiscal Year 2014

―

0.00
―

―

―

Fiscal Year 2014
(expected)

Note: Revisions of the forecasts of consolidated results since the latest announcement: No1

（4） Consolidated earnings forecast of 3rd Quarter of Fiscal Year 2014 (April 1,2014 to December 31,2014)

3rd quarter of FY 2014
Fiscal Year 2014

Net sales

OperatingincomeOrdinary
incomeNet income

Net income
per share

Mil.\％
86,809 (14.8)～87,647 (15.9)

Mil.\％
1,513 (16.9)～1,756 (35.7)

Mil.\％
1,585 (21.5)～1,828 (40.1)

Mil.\％
666(△41.0)～729(△35.5)

Yen
13.71
～15.01―――――

Note: Revisions of the forecasts of consolidated results since the latest announcement: No2

Consolidated Financial Statements(1) Consolidated Balance Sheets（Unit：Thousands of Yen）
FY2013(As of March 31,2014)
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Operational investment securities
OtherAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Goodwill
Software
Software in progress
Other
Total intangible assets
Investments and other assets
Investment securities
Guarantee deposits
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

3

2nd Quarter of FY2014(As of September 30,2014)

12,591,170
13,922,518
886,925
2,344,145△5,302
29,739,457

13,872,329
12,793,477
1,128,331
1,269,663△5,40029,058,401

685,847

646,705

912,356
804,916
126,030
26,8261,870,129

783,371878,768
125,992
156,097
1,944,230

4,220,930
794,337
198,506△9,373
5,204,400
7,760,376
37,499,834

4,735,057
1,088,826
227,532△19,484
6,031,932
8,622,868
37,681,269

（Unit：Thousands of Yen）
FY2013(As of March 31,2014)
Liabilities
Current liabilities
Accounts payable - trade
Short-term loans payable
Current portion of long-term loans
payableAccounts payable - other
Income taxes payable
Provision for bonuses
Provision for directors' bonuses
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
OtherTotal non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-forsale securities
Foreign currency translation adjustment
Total accumulated other comprehensive
incomeSubscription rights to shares
Minority interests
Total net assets
Total liabilities and net assets

4

2nd Quarter of FY2014(As of September 30,2014)

11,379,481
2,100,000

10,202,942
3,102,307

80,53082,250756,401
1,044,933
635,581
26,000807,059
16,829,988

687,091
285,849
385,752
13,5001,268,331
16,028,025

203,750
421,036
624,786
17,454,774

160,000
421,723581,723
16,609,748

4,031,837
3,183,953
7,172,980△1,624,753
12,764,018

4,031,837
3,183,953
7,454,478△1,624,893
13,045,375

412,599

440,677

224,996

197,483

637,595

638,161

209,897
6,433,548
20,045,060
37,499,834

191,704
7,196,279
21,071,521
37,681,269

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive IncomeConsolidated Statements of Income（Unit:Thousands of Yen）
2nd Quarter of FY2013(April 1,2013
to September 30,2013)
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Share of loss of entities accounted forusing equity method
Foreign exchange losses
Loss on insurance cancellation
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of shares of subsidiariesand associates
Gain on reversal of subscription rights
to shares
Gain on change in equity
Other
Total extraordinary income
Extraordinary losses
Impairment loss
Loss on liquidation of subsidiaries andassociates
Loss on abolishment of retirement benefit
plan
Other
Total extraordinary losses
Income before income taxes and minority
interests
Income taxes - current
Income taxes - deferred
Total income taxes
Income before minority interests
Minority interests in income
Net income

5

2nd Quarter of FY2014(April 1,2014
to September 30,2014)

48,332,058
41,645,319
6,686,738
6,049,512637,226

57,046,481
49,248,979
7,797,501
6,699,269
1,098,232

3,175
8,778
－
33,14145,095

3,445
10,69724,18815,03353,365

4,059

8,207

5,879

18,935

10,6766,350
473
27,438654,882－－
19,323
46,465
1,105,132

1,404,236－－

54,24233,444
17,5401,455,221

157,892
51,323
263,458

9,975

－

－

37,695

12,360－13,40935,745

14,37752,073

2,074,358

1,316,517

873,368
39,583912,951
1,161,407
151,785
1,009,621

332,782
114,611447,393
869,124
296,237
572,886

Consolidated Statements of Comprehensive Income（Unit:Thousands of Yen）
2nd Quarter of FY2013(April 1,2013
to September 30,2013)
Income before minority interests
Other comprehensive income
Valuation difference on available-forsale securities
Foreign currency translation adjustment
Share of other comprehensive income ofentities accounted for using equity
methodTotal other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable toowners of parent
Comprehensive income attributable tominority interests

6

2nd Quarter of FY2014(April 1,2014
to September 30,2014)

1,161,407

869,124△7,387

90,674

99,264△23,764

42,903△11,086

134,780
1,296,187

55,823924,947

1,090,346

573,452

205,841

351,494

(3) Consolidated Statements of Cash Flows（Unit:Thousands of Yen）
2nd Quarter of FY2013(April 1,2013
to September 30,2013)
Cash flows from operating activities
Income before income taxes and minority
interests
Depreciation
Impairment loss
Amortization of goodwill
Increase (decrease) in allowance for
doubtful accounts
Increase (decrease) in provision for
retirement benefits
Increase (decrease) in provision forpoint card certificates
Increase (decrease) in provision forbonuses
Increase (decrease) in provision for
directors' bonuses
Interest and dividend income
Interest expenses
Share of (profit) loss of entities
accounted for using equity method
Gain on reversal of subscription rights
to shares
Loss (gain) on sales and valuation of
investment securities
Loss (gain) on sales of shares ofsubsidiaries and associates
Loss (gain) on change in equity
Loss on liquidation of subsidiaries andassociates
Decrease (increase) in notes and accounts
receivable - trade
Decrease (increase) in advance payments
Decrease (increase) in inventories
Decrease (increase) in prepaid expenses
Decrease (increase) in investment
securities for sale
Decrease (increase) in accounts
receivable - other
Increase (decrease) in notes and accounts
payable - trade
Increase (decrease) in accounts payable other
Increase (decrease) in advances received
Increase (decrease) in accrued
consumption taxes
Other, net
SubtotalInterest and dividend income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating
activities

7

2nd Quarter of FY2014(April 1,2014
to September 30,2014)

2,074,358

1,316,517

284,991
9,975
106,516

266,499－
133,258

908

10,209△268,873－△8,743

4,070△56,433△249,829△23,700△12,500△11,954
4,059△14,143
8,207

5,879

18,935－△54,24278△51,323△1,404,236－△31,548△157,073－

37,6952,470,668

1,128,986△137,491△12,546△28,056

272,747△61,508
83,817

11,315△95,489

81,692104,299△1,806,570△1,176,538△37,878△88,472△3,95482,926198,258

345,351

297,920
1,714,636
18,834△4,373△657,475

345,981
2,198,381
21,001△6,526△1,087,396

1,071,622

1,125,460

（Unit:Thousands of Yen）
2nd Quarter of FY2013(April 1,2013
to September 30,2013)
Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sales and redemption of
investment securities
Purchase of shares of subsidiaries andassociates
Proceeds from sales of shares ofsubsidiaries and associates
Payments for guarantee deposits
Proceeds from collection of guarantee
deposits
Payments of loans receivableCollection of loans receivable
Purchase of insurance funds
Proceeds from cancellation of insurance
funds
Other, net
Net cash provided by (used in) investing
activities
Cash flows from financing activities
Net increase (decrease) in short-termloans payable
Repayments of long-term loans payable
Proceeds from share issuance to minority
shareholders
Proceeds from exercise of share options
Proceeds from issuance of shares
resulting from exercise of subscriptionrights to shares
Cash dividends paid
Cash dividends paid to minority
shareholders
Other, net
Net cash provided by (used in) financing
activities
Effect of exchange rate change on cash andcash equivalents
Net increase (decrease) in cash and cash
equivalents
Cash and cash equivalents at beginning ofperiod
Decrease in cash and cash equivalents
resulting from exclusion of subsidiaries
from consolidation
Cash and cash equivalents at end of period

8

2nd Quarter of FY2014(April 1,2014
to September 30,2014)△2,600,000
2,034,555△89,234△360,233△300,911△3,600,000
2,600,000△89,595△205,506△571,278

10,373244,123△19,762－

1,547,497－△10,754△346,595

47,34351,537△1,400860△4,401△3,263660△5,70630,638

－

9,292

2,672

293,861△1,922,951

850,000

1,000,000△70,600△42,030

3,400

30,000121,867

12,114－

389,130△291,530△291,636△61,652△14,720△5,374△2,725546,1091,080,131

63,552△1,482

1,975,146

281,158

6,595,701

9,982,170△157,465－

8,413,381

10,263,329