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Consortium Inc.

（ＵＲＬ http://www.dac.co.jp/ ）Financial Highlights of 3rd Quarter of Fiscal Year 2013 (April 1, 2012 to December 31, 2012)
3rd Quarter of Fiscal Year 2012(April 1, 2011 to December 31, 2011)(1) Consolidated operating results
Net sales

Operating income

Ordinary income

Mil.¥％
1,026（△38.7)
1,675（-)

Mil.¥％
1,077（△37.2)
1,716（-)

Mil.¥％
69,638 ( 15.6)
60,231 (-)

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

Earnings

Diluted earnings

Comprehensive

per shareper share

IncomeYen
1,084.58
1,487.89

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

Yen
1,071.51
1,477.23

andNet incomeMil.¥％
526 (△30.3)
755 (-)

Mil.¥％
353 (△63.1)
957 (-)*DAC has decided to change its fiscal year end from November 30 to March 31 of each year.
Prior year comparison of 3rd Quarter of FY 2012 is not made because of the change in accounting periods.
(2)

Consolidated financial position
Total assets

Net assets

Mil.¥

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

Equity ratio

Mil.¥

％

30,41016,08135.731,545

16,453

34.1

Dividend per share

Record date

End of 1st

End of 2nd

End of 3rd

End of 4th

End ofAnnual

quarterquarterquarterquarter

perioddividend

Yen

Yen

Yen

Yen

Fiscal Year 2012

―

0.00

―

―

Fiscal Year 2013

―

0.00

―

―

Fiscal Year 2013
(expected)

Yen

Yen

600.00600.00600.00600.00（4）Consolidated earnings forecast of Fiscal Year 2013(April 1,2012 to March 31,2013)
OperatingincomeNet salesMil.¥
FY 2013％

95,297(15.1)〜96,908(17.1)

Mil.¥

％

1,116(△50.0)〜1,419(△36.5)- 1 -Ordinary income
Mil.¥

％

1,170(△49.0)〜1,473(△35.8)

Net income
Mil.¥

Net income
per share％

Yen529(△61.4)〜687(△49.8)

1,088.80〜1,415.44

DAC Consolidated Financial Statements(1)DAC Consolidated Balance Sheets(Unit:Thousand Yen)
Items of an account

FY2012(As of March 31, 2012)

3rd Quarter of FY2013(As of December 31,2012)

AmountAmountAssets
Current assets
Cash and deposits

9,927,853

9,145,629

Notes and accounts receivable-trade

12,399,121

12,019,418

Short-term investment securities

704,752

501,014

Operational investment securities

1,002,177

835,435

Other1,363,716

1,574,349

Allowance for doubtful accounts-12,096-2,791

25,385,523

24,073,056

605,424

817,658

Goodwill

914,291

750,763

Software965,634

922,727

Software in progress

75,982

131,393

Other

20,08429,5191,975,993

1,834,403

Investment securities

2,086,976

2,429,744

Guarantee deposits

1,132,855

907,369

Other

380,920

370,370

Allowance for doubtful accounts-22,067-21,858

3,578,685

3,685,625

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- 2 -6,160,103

6,337,687

31,545,626

30,410,744

(Unit:Thousand Yen)
Items of an account

FY2012(As of March 31, 2012)

3rd Quarter of FY2013(As of December 31,2012)

AmountAmountLiabilities
Current liabilities
Accounts payable-trade

10,751,372

9,855,791

Short-term loans payable

419,500

365,006

Current portion of long-term loans payable

171,652

267,013

Accounts payable-other

1,361,002

1,077,007

Income taxes payable

599,196486,970

Provision for bonuses

162,248

170,647

Provision for directors' bonuses

14,00020,250Other

791,441

1,160,917

14,270,414

13,403,603

Long-term loans payable

316,938

528,134

Provision for retirement benefits

237,571

255,014

Provision for point card certificates

40,971

46,154

Other

225,788

96,415

Total noncurrent liabilities

821,269

925,718

15,091,683

14,329,321

Capital stock

4,031,837

4,031,837

Capital surplus

3,184,465

3,184,465

Retained earnings

4,928,342

5,163,608

Treasury stock-1,626,980-1,628,417

Total shareholders' equity

10,517,665

10,751,494

257,671

134,165−-18,614

Total current liabilities
Noncurrent liabilities

Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Total accumulated other comprehensive income
Subscription rights to shares-9,213-12,595

248,458

102,956

287,895

266,342

Minority interests

5,399,923

4,960,629

Total net assets

16,453,943

16,081,42231,545,626

30,410,744

Total liabilities and net assets- 3 -(2)DAC Consolidated Statements of Income(Unit:Thousand Yen)
3rd Quarter of FY2012(April 1,2011
to December 31,2011)
AmountItems of an account

3rd Quarter of FY2013(April 1,2012
to December 31,2012)
AmountNet sales

60,231,439

69,638,612

Cost of sales

51,548,628

59,174,311

Gross profit

8,682,810

10,464,301

Selling, general and administrative expenses

7,007,791

9,437,399

Operating income

1,675,019

1,026,901

Non-operating income
Interest income

2,172

7,458

Dividends income

12,07812,940Foreign exchange gains
Equity in earnings of affiliates
Gain on tax-exempt consumption tax−

12,79928,97942,366−28,030Other

11,075

14,923

Total non-operating income

54,305

118,518

Interest expenses

5,204

15,660Commission fee−

36,591Non-operating expenses

Foreign exchange losses

1,501

−

Other

6,510

15,759Total non-operating expenses
Ordinary income

13,21568,012

1,716,109

1,077,408

231,059

134,8392,604

101,154−

37,327Extraordinary income
Gain on sales of investment securities
Gain on change in equity
Gain on reversal of subscription rights to shares
Gain on step acquisitions

25,809−Gain on negative goodwill−

81,201

Other

18,257−

Total extraordinary income

277,731354,523

110,176

83,785955

27,161

Extraordinary loss
Impairment loss
Loss on exit penalty
Other31,716

26,693

Total extraordinary losses

142,848

137,640

Income before income taxes

1,850,991

1,294,290

Income taxes-current

916,041

692,373

Income taxes-deferred-15,167

20,132

Income taxes

900,874

712,506

Income before minority interests

950,117581,784

Minority interests in income

194,313

55,163

Net income

755,804

526,621- 4 -(3)DAC Consolidated statements of comprehensive income(Unit:Thousand Yen)
3rd Quarter of FY2012(April 1,2011
to December 31,2011)
AmountItems of an accountIncome before minority interests

3rd Quarter of FY2013(April 1,2012
to December 31,2012)
Amount950,117581,784

8,661-179,585−-42,392

Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment-1,481-6,341

7,180-228,319

957,297

353,464

Comprehensive income attributable to owners of the parent

716,457

380,630

Comprehensive income attributable to minority interests

240,839-27,165

Other comprehensive income
Comprehensive income
Comprehensive income attributable to- 5 -(4)DAC Consolidated statements of cash flows(Unit:Thousand Yen)
Items of an account

3rd Quarter of FY2012(April 1,2011
to December 31,2011)

3rd Quarter of FY2013(April 1,2012
to December 31,2012)amountamountNet cash provided by (used in) operating activities
Income before income taxes

1,850,991

1,294,290Depreciation and amortization

276,662

501,877

Impairment loss

110,176

83,785

Amortization of goodwill

149,633

185,456

Increase (decrease) in allowance for doubtful accounts-11,204-9,628

Increase (decrease) in provision for retirement benefits

41,793

17,443

Increase (decrease) in provision for point card certificates-20,681

10,037

Increase (decrease) in provision for directors' bonuses-33,840

6,250

Loss (gain) on sales and valuation of investment securities-231,059-129,911−-81,201-14,250-20,398

Gain on negative goodwill
Interest and dividends incomeInterest expenses

5,204

15,660-28,979-42,366

Loss (gain) on sales and retirement of noncurrent assets

12,026

6,551

Loss (gain) on step acquisitions-25,809−−-37,327

3,048-96,339

Equity in (earnings) losses of affiliates

Gain on reversal of subscription rights to shares
Loss (gain) on change in equity
Loss (gain) on transfer of business-18,037−

Decrease (increase) in notes and accounts receivable-trade135,888

380,763

Decrease (increase) in inventories-99,202-54,222−-42,511

Increase (decrease) in notes and accounts payable-trade-93,070-895,581

Increase (decrease) in accounts payable-other-240,441-72,773

36,915

263,661

Decrease (increase) in investment securities for sale

Increase (decrease) in accrued consumption taxes
Other, net

267,168-75,911

Subtotal

2,072,931

1,207,602

Interest and dividends income received

14,251

21,283

Interest expenses paid

-5,204-14,328

Income taxes paid

-940,693-800,731

Net cash provided by (used in) operating activities

1,141,285

413,825

Payments into time deposits−-2,816,450

Proceeds from withdrawal of time deposits−

1,700,000

Net cash provided by (used in) investing activities

Proceeds from redemption of securities
Purchase of property, plant and equipment

4,000−-160,412-582,227−

243

Purchase of intangible assets-340,529-424,878

Purchase of investment securities-185,099-62,554

Proceeds from sales and redemption of investment securities

273,409266,860

Proceeds from sales of property, plant and equipment−-604,636

Proceeds from sales of stocks of subsidiaries and affiliates

85,050−Purchase of investments in subsidiaries resulting in change in scope of consolidation-68,859−

Purchase of stocks of subsidiaries and affiliates

Proceeds from transfer of business

4,000

−

Payments for transfer of business−-57,467

Payments for guarantee deposits-208,787-12,663

Proceeds from collection of guarantee deposits−

241,721

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

Collection of loans receivable−

10,451

Purchase of insurance funds-11,010-11,010

Payments for liquidation of subsidiaries-7,433−306-3,000-615,366-2,430,050

Other, net
Net cash provided by (used in) investing activities
Net cash provided by (used in) financing activities
Net increase (decrease) in short-term loans payable

297,000-54,494

Proceeds from long-term loans payable292,350

531,000-133,250-224,443

Repayment of long-term loans payable
Purchase of treasury stock
Proceeds from stock issuance to minority shareholders
Proceeds from exercise of stock option-1,300,000−

128,000

65,13312,096

5,526

Cash dividends paid

-367,915-294,072

Cash dividends paid to minority shareholders-80,795-122,722

Other, net-2,392-3,032-1,154,907-97,103

Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents-7,302-23

Net increase (decrease) in cash and cash equivalents-636,290-2,113,352

Cash and cash equivalents at beginning of period

7,841,908

9,573,605−10,941

7,205,618

7,471,194

Ｉｎｃｒｅａｓｅ in cash and cash equivalents of merged previously non-consolidated
subsidiary
Cash and cash equivalents at end of period- 6 -