D. A. Consortium Inc.
（ＵＲＬ http://www.dac.co.jp/ ）Financial Highlights of Fiscal Year 2013 (April 1, 2013 to March 31, 2014) andFiscal Year 2012 (April 1, 2012 to March 31, 2013)(1)

Consolidated operating results
Net sales

Operating income

Ordinary income

Net income

Mil.¥
％
Mil.¥
％
Mil.¥
％
Mil.¥
％
Fiscal Year 2013
105,335 ( 9.4)
1,980 ( 19.5)
2,017（ 18.4)
2,022 ( 151.4)
Fiscal Year 2012
96,319 ( 16.3)
1,658（△25.8)
1,704（△25.7)
804 (△41.3)
Note: Comprehensive income: March 31, 2014 2,956million yen (213.1%) March 31, 2013 944million yen (△48.7%)

Fiscal Year 2013
Fiscal Year 2012

Net income

Diluted net income

ReturnReturnOperating income

per shareper shareon equity

on assets

margin

Yen
41.66
16.57

Yen
41.24
16.39

％
16.4
7.3

％
5.9
5.4

％
1.9
1.7

(Reference) Equity in earnings(losses)of affiliates:
Fiscal year ended March 31, 2014: 10 million yen

Fiscal year ended March 31, 2013: 26 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 income per share and diluted net income per share for fiscal year ended March 31,2013 were calculated assumingthat said stock split was conducted at the beginning of the previous fiscal year.

(2)

Consolidated financial position
Net assets
Total assets

Fiscal Year 2013
(As of March 31,2014)
Fiscal Year 2012
(As of March 31,2013)

Net assets

Equity ratio

per share

Mil.¥

Mil.¥

％

Yen

37,49920,04535.7

275.9831,344

16,47236.0

232.69(Reference) Capital: March 31, 2014: 13,401 million yen

March 31, 2013: 11,298 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 year ended March 31,2013 were calculated assuming that said stock split was conductedat 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.¥
1,512
309

Fiscal Year 2013
Fiscal Year 2012

(4)

Mil.¥
△1,660△2,688

Mil.¥
3,576
△654

Mil.¥
9,982
6,595

Dividends
Dividend per share
Total
st

nd

rd

Dividends Dividends toAmount ofpayoutnet assets

dividends

ratio

ratio

End of 1

End of 2

End of 3

End ofquarterquarterquarter

period

Yen

Yen

Yen

Yen

Yen

Fiscal Year 2012

―

0.00

―

600.00600.00

291

36.2

2.6

Fiscal Year 2013

―

0.00

―

6.00

6.00

291

14.4

2.4

Fiscal Year 2014
(forecasts)

―

―

―

―

―

Annual

Mil.¥

％

％

―

Note: 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.

（5）Consolidated earnings forecasts of 1st Quarter of Fiscal Year 2014(April 1,2014 to June 30,2014)

1st Quarter of Fiscal
Year 2014
Fiscal Year 2014

Net sales

OperatingincomeOrdinary
incomeNet income

Mil.¥％
27,421 (10.7)〜28,415 (14.7)
―

Mil.¥
％
224（△18.4)〜292 ( 6.1)
―

Mil.¥
％
222（△22.0)〜288 ( 1.4)
―

Mil.¥
％
83（361.6)〜108 (499.4)―

2

Net income
per share
Yen
1.71
〜2.22
―

Consolidated Financial Statements(1) Consolidated Balance Sheets(Unit：Thousands of Yen)FY2012(As of March 31,2013)
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Securities
Operational investment securities
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings
Accumulated depreciation
Buildings, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Leased assets
Accumulated depreciation
Leased assets, net
Construction in progress
Total 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

FY2013(As of March 31,2014)

8,138,811
13,627,949
501,014
681,463
1,918,238△7,741
24,859,737

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

688,873△247,144
441,728
997,206△619,095
378,111
33,103△11,844
21,2593,596
844,695

670,776△297,075
373,701
1,025,679△725,659
300,020
17,635△5,511
12,124−
685,847

697,162
728,950
178,70728,311
1,633,131

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

2,768,719
913,386
345,697△20,6124,007,191
6,485,018
31,344,755

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

(Unit：Thousands of Yen)FY2012(As of March 31,2013)
Liabilities
Current liabilities
Accounts payable - trade
Short-term loans payable
Current portion of long-term loans
payableCurrent portion of bonds
Accounts payable - other
Income taxes payable
Provision for bonuses
Provision for directors' bonuses
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term loans payable
Provision for retirement benefits
Other
Total 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-for-sale securities
Foreign currency translation adjustment
Total accumulated other comprehensive
incomeSubscription rights to shares
Minority interests
Total net assets
Total liabilities and net assets

4

FY2013(As of March 31,2014)

10,753,799
295,000

11,379,481
2,100,000

155,628

80,53030,600808,888608,678
374,844
25,200958,972
14,011,611−
756,401
1,044,933
635,581
26,000807,059
16,829,988

59,400410,794
268,873
121,276
860,343
14,871,954−
203,750−
421,036
624,786
17,454,774

4,031,837
3,184,465
5,441,672△1,628,474
11,029,500

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

194,102412,599

74,442

224,996

268,545

637,595

242,771
4,931,983
16,472,800
31,344,755

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

(2)Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
Consolidated Statements of Income(Unit：Thousands of Yen)FY2012(April 1,2012
to March 31,2013)
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Share of profit of entities accounted forusing equity method
Insurance premiums refunded cancellation
Gain on investments in partnership
Foreign exchange gains
Gain on tax-exempt consumption tax
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Share issuance cost
Commission fee
Loss on insurance cancellation
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of shares of subsidiaries andassociates
Gain on change in equity
Other
Total extraordinary income
Extraordinary losses
Impairment loss
Loss on exit penalty
Loss on sales of investment securities
Amortization of goodwill
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

FY2013(April 1,2013
to March 31,2014)

96,319,867
82,131,029
14,188,838
12,530,703
1,658,135

105,335,780
90,943,104
14,392,676
12,411,848
1,980,827

10,01017,0696,498
11,742

26,575

10,264−−
8,685
41,586
17,975
121,903

14,791
12,708−10,002
17,79483,802

19,745−
198
36,591−
18,98975,525
1,704,512

8,540
12,317
13,800
−
6,350
6,107
47,1162,017,512

23,928

1,411,544

101,167
288,834
413,930

700,098
65,923
2,177,566

107,035
64,762−−
68,728240,525

61,548−48,307
28,69545,622
184,173

1,877,916

4,010,905

1,093,083△137,945
955,138
922,778
118,093804,684

1,604,600△77,804
1,526,795
2,484,109
461,445
2,022,664

(2)Consolidated Statements of Comprehensive Income(Unit：Thousands of Yen)FY2012(April 1,2012
to March 31,2013)
Income before minority interests
Other comprehensive income
Valuation difference on available-for-salesecurities
Foreign currency translation adjustment
Share of other comprehensive income ofentities accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to ownersof parent
Comprehensive income attributable tominority interests

6

FY2013(April 1,2013
to March 31,2014)

922,7782,484,109△79,710

267,772

65,907

156,174

35,212

48,571

21,409944,188472,517
2,956,627

824,356

2,391,714

119,831564,912

(3)Statements of Changes In Equity
FY2012(April 1,2012-March 31,2013)(Unit：Thousands of Yen)
Shareholders' equity

Balance at beginning ofcurrent period
Changes of items during
periodCapital stock

Capital surplus

Retained earnings

Treasury shares

Total
shareholders'equity4,031,837

3,184,465

4,928,342△1,626,980

10,517,665

Dividends of surplus
Net income
Purchase of treasury
shares
Disposal of treasury
sharesNet changes of items
other than shareholders'equityTotal changes of items
during period
Balance at end of current
period△291,355△291,355

804,684

804,684△1,493△1,493−−−513,329△1,493511,835

4,031,837

3,184,465

5,441,672△1,628,474

11,029,500

Accumulated other comprehensive income

Balance at beginning ofcurrent period
Changes of items during
periodValuationdifferenceonavailable-f
or-salesecurities

Foreigncurrencytranslation
adjustment

Total
accumulated
othercomprehensi
ve income

Subscription
rights tosharesMinority
interests

Total net
assets257,671△9,213

248,458

287,895

5,399,923

16,453,943

Dividends of surplus△291,355

Net income
Purchase of treasury
shares
Disposal of treasury
sharesNet changes of items
other than shareholders'equityTotal changes of items
during period
Balance at end of current
period804,684△1,493−△63,569

83,65520,086△45,123△467,940△492,977△63,569

83,65520,086△45,123△467,940

18,857

194,10274,442

268,545

242,771

4,931,983

16,472,800

7

(3)Statements of Changes In Equity
FY2013(April 1,2013-March 31,2014)(Unit：Thousands of Yen)
Shareholders' equity

Balance at beginning ofcurrent period
Changes of items during
periodCapital stock

Capital surplus

Retained earnings

Treasury shares

Total
shareholders'equity4,031,837

3,184,465

5,441,672△1,628,474

11,029,500

Dividends of surplus△291,355△291,355

Net income

2,022,664

2,022,664

Purchase of treasury
shares
Disposal of treasury
sharesNet changes of items
other than shareholders'equityTotal changes of items
during period
Balance at end of current
period

△512

△229

△229

3,950

3,438

−

△512

1,731,308

3,721

1,734,517

4,031,837

3,183,953

7,172,980△1,624,753

12,764,018

Accumulated other comprehensive income

Balance at beginning ofcurrent period
Changes of items during
periodValuationdifferenceonavailable-f
or-salesecurities

Foreigncurrencytranslation
adjustment

Total
accumulated
othercomprehensi
ve income

Subscription
rights tosharesMinority
interests

Total net
assets

194,10274,442

268,545

242,771

4,931,983

16,472,800

Dividends of surplus△291,355

Net income

2,022,664

Purchase of treasury
shares
Disposal of treasury
sharesNet changes of items
other than shareholders'equityTotal changes of items
during period
Balance at end of current
period△229
3,438
218,496

150,554369,050△32,874

1,501,565

1,837,741

218,496

150,554369,050△32,874

1,501,565

3,572,259

412,599

224,996

637,595

209,897

6,433,548

20,045,060

8

(4)Consolidated Statements of Cash Flows(Unit：Thousands of Yen)FY2012(April 1,2012
to March 31,2013)
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
directors' bonuses
Increase (decrease) in deposits received
Increase (decrease) in provision for point
card certificates
Increase (decrease) in provision for
retirement benefits
Increase (decrease) in provision for bonuses
Interest and dividend income
Interest expenses
Share of (profit) loss of entities accounted
for using equity method
Loss (gain) on sales and retirement of
non-current assets
Loss (gain) on sales and valuation of
investment securities
Loss on valuation of shares of subsidiaries
and associates
Gain on reversal of subscription rights tosharesLoss (gain) on sales of shares ofsubsidiaries and associates
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
Decrease (increase) in prepaid expenses
Decrease (increase) in advance payments
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
Increase (decrease) in long-term accounts
payable - other
Other, net
SubtotalInterest and dividend income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating
activities

9

FY2013(April 1,2013
to March 31,2014)

1,877,916

4,010,905

670,505
107,035
240,227

577,41461,548233,403△5,399△3,968

11,200800−△4,24014,772△10,581

31,302△268,873

212,595△27,080
19,745

260,737△18,240
8,540△26,575△10,264

31,74910,285△129,992

48,385

11,676−△61,052△46,823−△1,411,544△94,444△696,044△1,410,804△301,277

2,935

△659

1,433

△157,931△8,945△82,424
135,367△166,203△172,717△109,199

2,426

622,363△291,631

110,139

13,214

234,245−

288,685

137,753
1,383,508
26,835△18,413△1,082,554△432,407
2,656,476
23,248△8,959△1,158,284

309,376

1,512,481

(Unit：Thousands of Yen)FY2012(April 1,2012
to March 31,2013)
Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of investment securities
Proceeds from sales and redemption of
investment securities
Purchase of property, plant and equipment
Purchase of intangible assets
Purchase of shares of subsidiaries andassociates
Proceeds from sales of shares ofsubsidiaries and associates
Payments of purchase of Investments in othersecurities of subsidiaries and affiliates
Payments for transfer of business
Proceeds from transfer of business
Proceeds from sales of shares ofsubsidiaries resulting in change in scope of
consolidation
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-term loans
payableProceeds from long-term loans payable
Repayments of long-term loans payable
Proceeds from issuance of bonds
Proceeds from issuance of subscription
rights to shares
Proceeds from issuance of shares resulting
from exercise of subscription rights tosharesProceeds from exercise of share options
Proceeds from withdrawal of found trast for
Subsidiarys Treasury Stock
Payments of found trast for Subsidiarys
Treasury Stock
Proceeds from share issuance to minority
shareholders
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 and cash
equivalents
10

FY2013(April 1,2013
to March 31,2014)△2,966,450
2,000,000△293,683△5,200,000
4,634,555△1,013,356

268,041

29,903△672,778△499,861△107,766△648,080△610,695△991,533−

1,577,122△30,000−△57,467
11,660△7,773−70,652−△37,396△19,419

242,428

52,076△109,899
18,782△12,764△1,4001,760△7,081−

30,638△8,983

9,716△2,688,414△1,660,640△124,500

1,850,000

591,000△439,251
90,000−△119,491−−

29,230−1,491,110

7,526

288,044−408,595△424,000−

66,536

8,172△294,072△124,311△3,741△291,530△80,815△7,215△654,813

3,576,100

45,005

115,994

Net increase (decrease) in cash and cash
equivalents
Cash and cash equivalents at beginning of period
Increase in cash and cash equivalents of merged
previously non-consolidated subsidiary
Decrease in cash and cash equivalents resulting
from exclusion of subsidiaries fromconsolidation
Cash and cash equivalents at end of period

11△2,988,845

3,543,935

9,573,605

6,595,701

10,941−−△157,465

6,595,701

9,982,170