Brief Report on the Mid-term Financial Statements for the Period Ending March 2008
November 15, 2007
The first section of Tokyo and Osaka

Name of listed company: DAI-DAN Co., Ltd.

Listed Stock Exchanges:

Code No.:

1980

URL

Representative of Company:

Toshikazu ANDO, President

Inquiries to be addressed to:

Goh TAJIMA, Director & General Manager of General Administration Division

Scheduled date of semiannual report submission:

December 14, 2007

http://www.daidan.co.jp/

Starting date for delivery of dividends

Tel. (06) 6447 - 8003
December 3, 2007
(To be rounded down to the million yen)

1. Consolidated performance for the mid-term period ended September, 2007 (From April 1, 2007 to September 30, 2007)(1) Consolidated management performance(% indicates the fluctuation ratio against the previous year mid term)

Mid-term period
ended Sept. 2007
Mid-term period
ended Sept. 2006
Period ended March
2007

Sales amountMillion yen%

Operating profit
Million yen%

Ordinary profit
Million yen%

93,90351.0-1,673−-1,617−-1,213−62,1793.9-1,131−-1,000−-882−

159,043

4.7

423

−

704

−

529

−

Current net earnings per
share (mid-term)
Yen
Mid-term period
ended Sept. 2007
Mid-term period
ended Sept. 2006
Period ended March
2007

Sen

Current net profit (mid-term)
Million yen%

Current net earnings per
share after making potential
share adjustments (mid-term)
Yen Sen-26.97−-19.63−−

11.78(Reference) Investment profit or loss on equity method

Mid-term period ended September 2007: - million yen,
Period ended March 2007:- million yen

Mid-term period ended September 2006 : - million yen,

(2) Consolidated financial condition
Total assets

Shareholder's capitalMillion yen
Mid-term period
ended Sept. 2007
Mid-term period
ended Sept. 2006
Period ended March
2007

Shareholders capital rate

Million yen

Shareholder's capital per share%Yen

116,222

43,61237.5

967.67

127,868

45,28135.3

1,004.28

142,944

45,94532.1

1,021.29(Reference) Shareholders’ equity

Mid-term period ended September 2007: 43,608 million yen,
Period ended March 2007:
45,896 million yen

Sen

Mid-term period ended September 2006 : 45,133 million yen,

(3) Consolidated cash flow condition
Cash flow on sales activities
Million yen
Mid-term period
ended Sept. 2007
Mid-term period
ended Sept. 2006
Period ended March
2007

Cash flow on investment
activities
Million yen

Cash flow on financial
activities
Million yen

Period end balance of cash andequivalent items
Million yen

1,366

204

-374

22,211

818

-14

-947

22,983-2,786

1,718

-942

21,071

AnnualYen Sen

2. State of cash dividend(Record date)

End of mid-term
Yen SenCash dividend per share
End of term
Yen Sen

Period ended March 2007

5.00
5.00
−

11.00
−
11.00

Period ended March 2008
Period ended March 2008

16.00
16.00

(Estimate)

3. Estimate of consolidated performance for the period ending March 2008 (From April 1, 2007 to March 31, 2008)(% indicates fluctuation rate against the previous term)

Sales amount

Total period

Operating profit

Ordinary profit

Current net profit

Million yen%

Million yen%

Million yen%

Million yen%

173,000

8.8

500

18.0

400

-43.2

200

-62.2

(Reference) Estimated amount of work order received

143,000 million yen

1

Current net earnings per
share (mid-term)
Yen Sen

4.45

4. Others(1) Changes of important subsidiaries within the period (Change of specific subsidiaries involving amendment of the scope of
consolidation): N/A(2) Changes in the principles, procedures, and indicating method of accounting process related to preparation of the mid-term
consolidated financial statements (Items included in the amendments of Basic important items for producing mid-term period
consolidated financial statements).
1) Changes resulted from revision of accounting standards: applicable
2) Changes other than stated in 1):
applicable(Note) Please refer to Basic important items for producing mid-term period consolidated financial statements on page 16 – 17
(Change of accounting policy) for details.
(3) Number of shares (common stock)1) Number of issued stock as of the end of the period (including treasury stock)
Mid-term period ending September 2007: 45,963,803 stocks
Mid-term period ending September 2006: 45,963,803 stocks
Period ending March 2007:
45,963,803 stocks
2) Number of treasury stock issued as of the end of the period
Mid-term period ending September 2007: 898,555 stocks
Mid-term period ending September 2006: 1,023,079 stocks
Period ending March 2007:
1,024,532 stocks(Note) As for the number of stocks to be the basis for calculation of the mid-term (current) net profit (consolidated) per share, pleaserefer to “Information per share” on page 23.
(Reference) Outline of respective items of operating performance
1. Respective items of operating performance for the mid-term period ending September 2007
(From April 1, 2007 to September 30, 2007)(1) Respective items of management record(% indicates the fluctuation ratio against the previous year mid term)
Sales amountMid-term period
ended Sept. 2007
Mid-term period
ended Sept. 2006
Period ended March2007

Operating profit

Current net profit (mid-term)

Ordinary profit

Million yen%

Million yen%

Million yen%

Million yen%

93,29153.8-1,637−-1,497−-1,086−

60,6672.9-1,042

−

-911

−

-751

−

155,022

4.4

1,528

−

1,912

−

409

−

Current net earnings per
share (mid-term)
Yen SenMid-term period
ended Sept. 2007
Mid-term period
ended Sept. 2006
Period ended March2007-24.14-16.72
9.12(2) Financial standing for the respective items
Total assets

Shareholder's capitalMillion yen

Shareholders capital rate

Million yen

Shareholder's capital per share
%

Yen

Sen

Mid-term period
ended Sept. 2007

115,357

43,32837.6

961.46

Mid-term period
ended Sept. 2006
Period ended March
2007

125,987

44,97335.7

1,000.45

141,638

45,45532.1

1,011.49(Reference) Shareholders’ equity

Mid-term period ended September 2007: 43,328 million yen,
Period ended March 2007:
45,455 million yen

Mid-term period ended September 2006 : 44,973 million yen,

2. Earnings forecast for the respective items of operating performance for the period ending March 2008
(From April 1, 2007 to March 31, 2008)(% indicates fluctuation rate against the previous term)

Sales amount

Total period

Operating profit

Ordinary profit

Current net profit

Million yen%

Million yen%

Million yen%

Million yen%

170,000

9.7

500

-67.3

500

-73.9

300

-26.8

(Reference) Estimated amount of work order received

Current net earnings per
share (mid-term)
Yen Sen

6.69

140,000 million yen

ø Notes for appropriate reference of the earnings forecast, and other special instructions(Notes about the descriptions related to future estimates, etc.)
The descriptions related to future estimates such as earnings forecast, etc. included in this document are based on the information currently
available for our company and a certain degree of presumption that our company considers rational, thus actual business performance, etc
can vary greatly depending on various factors. Please refer to “1 Management Result (1) Analysis on Management Result” on page 3 for theassumptions based on our earnings forecast, as well as the notice in regard to the reference of the earnings forecast.
For the consolidated earnings forecast of the full financial year and the respective items of operating performance, please refer to“Announcement on the revision of the earnings forecast” published on October 18, 2007.
2

1. Operating Results(1) Analysis of management results
1) Current mid-term management results
During the current mid-term consolidated accounting period, Japan’s economy has continued toshow a gradual recovery trend supported by favorable corporate performance, regardless of somecauses for concern including steep rises of crude oil and raw material prices.
In the construction industry, even though private capital investment continued strong, public
investment has remained on the decline. Furthermore, due to the intensified price-cuttingcompetition, the construction business has continued to be in a severe situation.
Under these circumstances, our corporate group has made maximum concerted efforts to secureorders and profits. As a result, the consolidated record for the current mid-term was as shown
below.
(in millions of yen)Previous mid-term Current mid-term
accounting period accounting period(consolidated)(consolidated)
Electrical work
15,714
18,201
Amount of
Air conditioning work
46,47745,698work order
Plumbing/sanitation work
15,703
12,872
received
76,772
Total
77,895
Electrical work
11,936
19,778Amount of
Air conditioning work
35,57856,398work
Plumbing/sanitation work
14,664
17,726completed
62,17993,903
Total

Fluctuation
2,487
-779
-2,831-1,123
7,842
20,8193,061
31,724

As for the profits, due to significant drop in profitability shown by a part of the large scale works,
operating loss totaled 1,673 million yen (increase of 542 million yen on the previous mid-term
consolidated accounting period), ordinary loss totaled 1,617 million yen (increase of 616 million
yen on the previous mid-term consolidated accounting period). As a result, the net loss for the
mid-term period totaled 1,213 million yen (increase of 331 million yen on the previous mid-term
consolidated accounting period).
Meanwhile, the work completion basis method had been applied to all the contracted works.
Starting at the current mid-term consolidated accounting period, however, the percentage ofcompletion method for long-term contracts has been applied to those works whose construction
schedule exceeds 1 year and the contract amount exceeds 100 million yen. The purpose is to copewith the international accounting criteria as well as to the quarterly reporting system, so that theconstruction work results of long-term contracts will be more adequately reflected to the periodic
accounting of profit and loss.
As a result, the amount of completion work for the current mid-term consolidated accounting period
has increased by 24.496 billion yen to reduce the operating loss and the ordinary loss by 330
million yen compared to the conventional method.
2) Outlook for the full-year period
It is expected that the Japanese economy will continue to show gradual recovery trend. However,
economic uncertainty is now spreading inspired by the glowing concern about the global financial
markets.
In the construction industry, it is predicted that private capital investments will continuously show
steady transition supported by favorable corporate performance. However, the order receiving
environments will still remain in a severe situation due to the sluggish public investments and theintensified cost-cutting competition, as well as the increase in the construction materials and laborcosts.
Under these circumstances, regarding the outlook for the full-year period of our corporate group, we
expect the consolidated amount of work orders received of 143 billion yen, completed work of 173
billion yen, operating profits of 500 million yen, ordinary profits of 400 million yen, and current net
profit of 200 million yen.
We are determined to strive to further improve business performance by ensuring order and profit, witha unified effort by our corporate group.

(2) Analysis on Financial Standing1) Situation of Assets and Debts
The assets as of the term-end of the current mid-term consolidated accounting period declined to116.222 billion yen (declined 11.645 billion yen compared with the previous mid-term consolidated
accounting period). This is mainly attributed to decrease incomplete work accounts receivable due
to adoption of the percentage of completion method for long-term contracts since the current
mid-term consolidated accounting period.
Regarding the debts, decrease in the amount received of incomplete works as a result of adoption of
the percentage of completion method for long-term contracts has contributed to drop down of thedebts by 9.976 billion yen, compared to the previous mid-term consolidated accounting period, toamount to 72.61 billion yen.
2) Status of cash flow
Cash and cash equivalent for the end of the current mid-term consolidated accounting period(hereinafter referred to as “the fund”) increased 1139 million yen compared with the end of theprevious consolidated accounting year, to amount to 22.211 billion yen due to increase of funds
mainly from operating activities.
(Cash flow from sales activities)
Cash flow relating to sales activities for the current mid-term consolidated accounting period,
after posting Mid-term (current) period net loss before tax adjustments, increased 1.366 billion
yen (increased 548 million yen compared with the previous mid-term consolidated accounting
period) in the fund.
This can mainly be attributed to the fact that fund increase factors of declined accounts receivable(complete work accounts receivable) and decrease in the incomplete work expenditures haveexceeded the fund decrease factors, including decrease in the amount of procurement credits(other work accounts payable) and the incomplete work accounts received.
(Cash flow from investing activities)
Cash flow relating to investing activities for the current mid-term consolidated accounting period
increased 204 million yen in the fund (increased 219 million yen compared to the previous
mid-term consolidated accounting period) mainly due to profit on sales/ refundment of securities
and sales of other fixed assets.
(Cash flow from financing activities)
Cash flow relating to financing activities for the current mid-term consolidated accounting period
declined 374 million yen (increased 573 million yen compared with the previous mid-term
consolidated accounting period) in the fund due to decrease in fund for dividend payment, which
exceeded the fund increase mainly due to profits by sales of own shares.
Progress of cash flow related indexes
Mid-term
period ending Period ending
SeptemberMarch 2006
2005

Mid-term
Mid-term
period ending Period ending period ending
SeptemberMarch 2007
September
2006
2007

Shareholders’ equity ratio

34.7%

36.4%

35.3%

32.1%

37.5%

Shareholders’ equity ratio at
market value

27.3%

30.1%

23.2%

23.5%

21.6%

Number of debt redemption years

7.3 years

9.9 years

12.4 years−

7.6 years

Interest coverage ratio

14.0 times

5.5 times

9.9 times−

13.8 times

Shareholders’ equity ratio:
Shareholders’ equity/Total assets
Shareholders’ equity ratio at market value:
Aggregate market value of shares/Total assets
Number of debt redemption years:
Interest-bearing debt/Operating cash flow
Interest coverage ratio:
Operating cash flow/Interest paid
∗ Indexes are all calculated by financial values on a consolidated basis.
∗ The aggregate market value of shares is calculated based on the number of outstanding shares
excluding the common stock for treasury.
∗ For the operating cash flow, the cash flow from sales activities recorded in the Statement ofconsolidated cash flow is used.
∗ The interest-bearing debt is subject to all debts, which bear interest, among those recorded in theConsolidated balance sheet. Furthermore, for the interest paid, the amount of interest paid, whichis recorded in the Statement of consolidated cash flow, is used.

(3) Basic policy on distribution of profits and dividends for the current period
We make it a basic policy to consider returning our profits to our shareholders through profit sharing
as a top-priority management policy, thus working toward building a sound financial standing andfurther paying stable and continual dividends to them.
We declare a mid-term dividend of 5 yen per share of our company for the current period. Also, as forthe term-end dividend for the current period, 11 yen per share is scheduled at present. The estimatedannual cash dividends per share including the mid-term dividends will be16 yen.
(4) Business risk, etc.
The following section describes risks that may have significant influence on the judgment of investors
regarding the business of our corporate group. In this connection, our corporate group will recognize
the potential for these risks to occur and then make efforts to prevent the risks from occurring and deal
with them if occurred. Please note that the judgments of those items related to the future stated in the
text were made by our corporate group, as of the term end of the current mid-term consolidated
accounting period.
1) Unrecoverable sales credits
Whereas our corporate group has strengthened credit control, some of the account receivables
owned by our corporate group may turn unrecoverable depending on the rapid worsening of theearning or financial standing of our customers, and thus affecting the business performance.
2) Steep rise in prices of materials and labor cost
If it is hard to pass steeply risen prices of equipment and materials or labor costs on to contract
amounts, these prices may have an influence on our business performance.
3) Underperforming work
If any underperforming work results from an unexpected increase of construction cost or else
arising in the course of construction, it can have influence on our corporate group performance.
4) Decline in values of owned assets due to their declined market prices
For immovable properties or securities owned by the company, if they should be treated as
shrinkage loss due to decline in their market prices, that can have influence on our corporate groupperformance.
5) Disasters and accidents
Our corporate group executes construction on the basis of safety-first and exerts its utmost effort inquality control. However, if an unexpected disaster or accident occurs in the course of construction,
it can result in compensation for damage, defect liability, or else and further have influence on thegroup performance.
6) Fluctuations in country risk and exchange rate
Our corporate group has been expanding its overseas business centering on Southeast Asianmarkets. The group performance can be influenced by the occurrence of terrorism or politicalinstability, unexpected legislative modifications/amendments, worsening of market conditions,or exchange rate fluctuations.

2. Situation of the Corporate Group
Our corporate group consists of our company, 5 consolidated subsidiaries, and 5 non-consolidated
subsidiaries as of the term end of the current mid-term consolidated accounting period, mainly engaged in
the business of designing, supervising, and executing electrical, air conditioning, and plumbing/sanitation
works as well as other related business.
The position of our corporate group relating to business and the systematic chart of our business are as
follows:(1) Position of our group relating to business
Execution of some of the works for which our company received orders are relegated to DAI-DAN
Service Kanto Co., Ltd., DAI-DAN Service Kansai Co., Ltd., and DAI-DAN PHILIPPINES, INC.,
our consolidated subsidiaries. Also, technical assistance is being provided to THAI O.D.D.CO., LTD.
Regarding MERINO O.D.D. SDN. BHD., we used to sell facilities and equipment to the company.
However, the company has discontinued its new business at present.
DAIDEN Koji Co., Ltd., Okayama DAIDEN Setsubi Co., Ltd., Kyushu DAIDEN Setsubi Co., Ltd.,and Kumamoto DAIDEN Setsubi Co., Ltd., are our non-consolidated subsidiaries, and execution ofsome of the works for which our company received orders are relegated to them. These four
companies are excluded from the consolidation accounting starting from the current mid-term
consolidated accounting period, since those companies have little influence on the mid-term net profit
or loss and earned surplus, etc.
PFI Kyoto School Amenity Co., Ltd. assumes operation and maintenance of air-conditioning
equipment in the PFI project.
In addition, D.S.I Co., Ltd. was established effective as of October 2007, for the purpose of consulting
business development intended for information and telecommunications system in the building
equipment business field.
(2) Systematic chart of business

Customers(Designing, supervising, and executing facility construction works)
Electrical,
air-conditioning,plumbing/sanitation
work

Electrical,
DAI-DAN Co., Technical air-conditioning,assistance plumbing/sanitation
Ltd.

Construction
facility work

Consolidated
subsidiaries
MERINO O.D.D.

Maintenance control

Works execution

Maintenance control of air conditioning
equipment
Non-consolidated subsidiaries:
PFI Kyoto School Amenity Co., Ltd.

work
Consolidated
subsidiaries
THAI O.D.D.

Electrical work
Non-consolidated subsidiaries:
DAIDEN Koji Co., Ltd.

Works execution
Electrical, air-conditioning, and plumbing/sanitation works
Consolidated subsidiaries:
DAI-DAN Service Kanto Co.,
Ltd., DAI-DAN Service Kansai
Co., Ltd., and DAI-DAN
PHILIPPINES, INC.,

Non-consolidated subsidiaries:
Okayama DAIDEN Setsubi Co.,
Ltd., Kyushu DAIDEN Setsubi
Co., Ltd., and Kumamoto
DAIDEN Setsubi Co., Ltd.,

Consulting business intended for informationand telecommunications system
Non-consolidated subsidiaries:
D.S.I Co., Ltd.

3. Management Policies(1) Basic policy on management
The Company, “as an integrated facility work contractor, enforces a basic management policy ofchallenging to create new values and contributing to the achievement of more favorable global
environment and the progress of society at all times” and provides customers with technologies andservices, which are ahead of their needs, thus working toward upgrading the corporate value.
Furthermore, the company has an on-target grasp of changes in the industrial structure and conducts
speedy and practical management with an eye toward becoming a vigorous company.
(2) Medium- and long-term management strategy and challenges
Now that our medium-term management plan has entered its 2nd year, we are making a company-wide
concerted effort with the aim of securing earnings that enable continued progress of the Company andalso establishing a structural basis for future growth.
Particularly, we have to address the challenge to enhance our corporate value as well as to increase
profitability in order to win in the fierce competition of the construction business. To accomplish thosechallenges, we are pushing ahead with order securing activities, focusing on profitability.
Furthermore, we are determined to meet our corporate social responsibilities by providing
environmentally friendly technologies.
To be more specific, we are working toward providing techniques developed in consideration of
reducing the effects on the environment through making use of our technical capabilities, as well as
strengthening our business for the heat source renewal work with involvement in the ESCO business.
In addition, we upgrade energy saving proposals capitalizing on our strength as a total facility
construction work contractor to expand business in renewal works.
Furthermore, with a view to expanding our business in the future, we are cooperating in the study toachieve biogas reproducing energy supply business, aiming at reduction of green house effect gas.
Together with this, we are working toward cost reduction by sharing information as well as
introducing integrated purchasing. Also a variety of measures taken for steady implementation of
construction review sessions and completion assessment sessions to enhance quality and safety, andmaintaining/ up killing human resources based on continued education and training system directly
linked to working knowledge for engineers.
Through the above activities, we are determined to rebuild “DAI-DAN with Proud Technologies” tobe committed ourselves to enhancing customer satisfaction and strengthening cost competitiveness.
For your reference, we have set ROE (Return on Equity) as our target management benchmark..

DAI-DAN Co., Ltd.(1980) Brief Report on the Mid-Term Financial Statements for the Period Ending March 2008

4. Mid-term period consolidated financial statements(1) Mid-term period consolidated balance sheet(in millions of yen)
Outstanding at the end of the

Outstanding at the end of theprevious mid-termcurrent mid-term consolidated

sheet of the previous

consolidated accounting period

accounting period

consolidated accounting year

(As of September 30, 2006)(As of September 30, 2007)(As of March 31, 2007)

Component
ratio

Amount(Assets)

Component
ratio

Amount%Summary consolidated balance

Component
ratio

Amount%%Current assets
Cash on hand and in banks
Note receivables, completed work
accounts receivables
Securities

23,21022,23821,09841,73355,601

61,026

300

100

200

Incomplete work expenditures

33,191

11,61429,948Others

5,218

4,158

7,256

Allowance for bad debts

-158

-13

-25

Total current assets
Fixed assets
Tangible fixed assets
Intangible fixed assets
Investments and otherassets103,495

80.9

93,69980.6

119,504

3,614

3,464

3,495

473

289

400

Investment securities

14,82813,024

13,927

Others

6,016

6,389

6,288

Allowance for bad debts

-560

-644

-672

20,28518,76919,543

Total investments andother assets
Total fixed assets
Total assets(Liabilities)

83.6

24,37319.1

22,523

19.4

23,43916.4

127,868

100.0

116,222100.0

142,944

100.0

Current liabilities
Notes payable, work accounts
payableShort-term loans payable

47,98547,648

7,684

7,984

8,098

Incomplete work accounts received
Completed work compensation
reserves
Work loss reserves

15,567

6,616

14,518

152

131

155

1,173

1,240

867

Others

5,075

4,702

5,251

63,291

Total current liabilities
Fixed liabilities

77,639Long-term loans payable

1,845

1,829

1,680

Reserves for retirement benefits
Reserves for directors’ retirement
benefits
Others

2,501

1,844

1,946

573

607

615

27

3

573

Total fixed liabilities
Total liabilities

4,948

3.9

4,285

3.7

4,815

3.4

82,58764.6

72,61062.5

96,998

67.9

60.7

8

68,324

58.8

92,18264.5

DAI-DAN Co., Ltd.(1980) Brief Report on the Mid-Term Financial Statements for the Period Ending March 2008

(in millions of yen)
Outstanding at the end of the

Outstanding at the end of theSummary consolidated balanceprevious mid-termcurrent mid-term consolidated

sheet of the previous

consolidated accounting period

accounting period

consolidated accounting year

(As of September 30, 2006)(As of September 30, 2007)(As of March 31, 2007)

Component
ratio

Amount(Net Assets)

Component
ratio

Amount%Component
ratio

Amount%%Shareholders’ equity
Capital stock

4,479

3.5

4,479

3.9

4,479

3.1

Capital surplus

4,783

3.7

4,811

4.1

4,783

3.4

Earned surplus

32,20325.2

31,54427.1

33,367

23.3

Treasury stock

-519

-0.4

-462

-0.4

-523

-0.4

40,94632.0

40,37434.7

42,106

29.4

4,247

3.3

3,164

2.7

3,801

2.7

-1

-0.0

-0

-0.0

-0

-0.0

-59

-0.0

70

0.1

-11

-0.0

Total evaluation / currencytranslation difference, etc.
Minority interest equity

4,186

3.3

3,234

2.8

3,789

2.7

148

0.1

3

0.0

49

0.0

Total net assets

45,281

35.4

43,61237.5

45,945

32.1

Total liabilities and net assets

127,868

100.0

116,222100.0

142,944

100.0

Total shareholders’ equity
Evaluation / Currency translationdifference, etc.
Evaluation difference of othersecurities
Deferred profits and losses onhedgesCurrency translation adjustment
account

9

DAI-DAN Co., Ltd.(1980) Brief Report on the Mid-Term Financial Statements for the Period Ending March 2008

(2) Mid-term period consolidated profit and loss statement(in millions of yen)
The previous mid-term

The current mid-term

consolidated accounting period

consolidated accounting period(From April 1, 2006 to(From April 1, 2007 to(From April 1, 2006 to

September 30, 2006)

September 30, 2007)

March 31, 2007)

AmountCompleted work amountCompleted work costCompleted work gross profit
Selling expenses and generaladministrative expenses
Operating profit or operating
loss (−)
Non-operating revenue
Interests received
Dividends received
Insurance claim received
Currency translation profit
OthersNon-operating expenses
Interest payable
Payment guarantee charge
Currrentcy translation loss
OthersOrdinary profit or ordinary loss(−)
Special profits
Profit on sales of fixed assets
Profit on sales of investments insecurities
Profit gained by returning
allowance for bad debts
Special losses
Loss on sales of fixed assets
Loss on retirement of fixed
assets
Evaluation loss on investments
in securities
Equity variable loss
Liquidation loss of affiliatecompanies
OthersMid-term period net loss before tax
adjustments (-) or current period
net profit before tax adjustments
Corporate tax, residence tax andbusiness tax.
Adjustment amounts such as forcorporate taxes
Profits or losses of minority
interests (−)
Mid-term (current) period net profit(-)

Summary of consolidated profit

62,17958,5873,591
4,723

Percentage
%
100.0
94.2
5.8
7.6

-1,131
(225)
11
99
46
53
14
(94)
85
4
−
5
-1,000(33)
16−93,903
91,1482,754
4,428

Percentage
%
100.0
97.1
2.9
4.7

-1.8

-1,673

0.4

(190)
24
106
44
−
13
(134)
108
7
16
2
-1,617

0.2

-1.6
0.0

17
(24)
6
10

Amount

(1)
−
−

(23)
−
−

consolidated accounting year

Amount159,043
148,901
10,142
9,718

Percentage
%
100.0
93.6
6.4
6.1

-1.8

423

0.3

0.2

(482)
31
162
46
216
26
(201)
179
10
−
12
704

0.3

(982)
16
950

0.6

0.1

-1.7
0.0

1
0.0

and loss statement of the previous

0.2

0.4

16
0.1

(250)
7
15

6

23

7

−
−

−
−

41
117

0.1

−
-991

-1.6

−
-1,639

-1.8

61
1,436

0.9

77

0.1

55

0.0

164

0.1

-179

-0.3

-482

-0.5

724

0.5

-7

-0.0

1

0.0

18

0.0

-882

-1.4

-1,213

-1.3

529

0.3

10

DAI-DAN Co., Ltd.(1980) Brief Report on the Mid-Term Financial Statements for the Period Ending March 2008(3) Statement of changes in mid-term consolidated shareholders’ equity, etc.
Previous mid-term consolidated accounting period (From April 1, 2006 to September 30, 2006)(in millions of yen)
Shareholders’ equity

Balance as of March 31, 2006
Amount of changes made during
mid-term consolidated accounting
periodDividend of earned surplus

Capital stock

Capital surplus

Earned surplus

Treasury stock

Total
shareholders’equity

4,479

4,782

33,581-511

42,332-494-494

Directors’ bonuses (Note)-1-1Mid-term period net loss

-882

-882

(Note)

Acquisition of treasury stock
Disposition of treasury stock
Amount (net amount) of
changes made in items otherthan shareholders’ equity during
mid-term consolidated
accounting period
Total amount of changes madeduring mid-term consolidated
accounting period
Balance as of September 30, 2006

0

-9

1

1

−

0

-1,378-7-1,385

4,479

4,783

32,203-519

40,946

Evaluation / Currency translation difference, etc.
Total
Profit or loss Currency
evaluation/
Evaluation
on hedge translationdifference of
currency
adjustment
carriedother securities
translationaccount difference,
forwardetc.
Balance as of March 31, 2006
Amount of changes made during
mid-term consolidated accounting
periodDividend of earned surplus

-9

−

5,093

-23

5,070

Minority
interest
equity158

Total net
assets47,561-494(Note)

Directors’ bonuses (Note)-1

Mid-term period net loss
Acquisition of treasury stock-882

Disposition of treasury stock
Amount (net amount) of
changes made in items otherthan shareholders’ equity during
mid-term consolidated
accounting period
Total amount of changes madeduring mid-term consolidated
accounting period
Balance as of September 30, 2006

1

-9

-846

-1

-36

-883

-10

-894

-846

-1

-36

-883

-10

-2,280

4,247

-1

-59

4,186

148

45,281(Note) 1 “Dividend of earned surplus” is the entry included in the profit liquidation of the submitting company presented at the periodic
shareholders meeting of June 2006.
2 “Directors’ bonuses” is the entry included in the profit liquidation of the consolidated subsidiaries presented at the periodic
shareholders meeting of May 2006.

11

DAI-DAN Co., Ltd.(1980) Brief Report on the Mid-Term Financial Statements for the Period Ending March 2008

Current mid-term consolidated accounting period (from April 1, 2007 to September 30, 2007)(in millions of yen)
Shareholders’ equity

Balance as of March 31, 2007
Amount of changes made during
mid-term consolidated accounting
periodDividend of earned surplus

Capital stock

Capital surplus

Earned surplus

Treasury stock

Total
shareholders’equity

4,479

4,783

33,367-523

42,106

Mid-term period net loss

-494

-494

-1,213-1,213Acquisition of treasury stock
Disposition of treasury stock
Exclusion from consolidation
for affiliated companies
Amount (net amount) of
changes made in items otherthan shareholders’ equity during
mid-term consolidated
accounting period
Total amount of changes madeduring mid-term consolidated
accounting period
Balance as of September 30, 2007

28

-12

73

102

-114

-114

−

28

-1,82261-1,732

4,479

4,811

31,544-462

40,374

Evaluation / Currency translation difference, etc.
Total
Profit or loss Currency
Evaluation
evaluation/
on hedge translation
currency
difference ofadjustment
carriedother securities
translationaccount
forwarddifference, etc.
Balance as of March 31, 2007
Amount of changes made during
mid-term consolidated accounting
periodDividend of earned surplus

-12

3,801

-0

-11

3,789

Minority
interest
equity49

Total net
assets45,945-494

Mid-term period net loss
Acquisition of treasury stock-1,213

Disposition of treasury stock
Exclusion from consolidation
for affiliated companies
Amount (net amount) of
changes made in items otherthan shareholders’ equity during
mid-term consolidated
accounting period
Total amount of changes madeduring mid-term consolidated
accounting period
Balance as of September 30, 2007

102

-12
-114

-637

0

81

-555

-45

-601

-637

0

81

-555

-45

-2,333

3,164

-0

70

3,234

3

43,61212

DAI-DAN Co., Ltd.(1980) Brief Report on the Mid-Term Financial Statements for the Period Ending March 2008

Statement of changes in mid-term consolidated shareholders’ equity, etc.in the previous mid-term consolidated
accounting period (from April 1, 2006 to March 31, 2007)(in millions of yen)
Shareholders’ equity

Balance as of March 31, 2006
Amount of changes made duringconsolidated accounting period
Dividend of earned surplus(Note)
Directors’ bonuses (Note)

Capital stock

Capital surplus

Earned surplus

Treasury stock

Total
shareholders’equity

4,479

4,782

33,581-511

42,332Current period net loss

-718

-718

-1

-1

529

529

Acquisition of treasury stock
Disposition of treasury stock
Exclusion from consolidation
for affiliated companies
Amount (net amount) of
changes made in items otherthan shareholders’ equity duringconsolidated accounting period
Total amount of changes madeduring consolidated accounting
periodBalance as of March 31, 2007

-20

-20

2

3

-23

5

-17

0

−

0

-214

-11

-225

4,479

4,783

33,367-523

42,106

Evaluation / Currency translation difference, etc.
Total
Minority
Profit or loss Currency
Evaluation
evaluation/interest
translationonhedge
difference of
currency
equityadjustment
carriedtranslation
other securities
account
forwarddifference, etc.
Balance as of March 31, 2006
Amount of changes made duringconsolidated accounting period
Dividend of earned surplus(Note)
Directors’ bonuses (Note)

−

5,093

-23

5,070

158

Total net
assets47,561-718-1Current period net loss

529

Acquisition of treasury stock-20

Disposition of treasury stock
Exclusion from consolidation
for affiliated companies
Amount (net amount) of
changes made in items otherthan shareholders’ equity duringconsolidated accounting period
Total amount of changes madeduring consolidated accounting
periodBalance as of March 31, 2007

3
-17

-1,292-0

12-1,280-109-1,389-1,292-0

12-1,280-109-1,615

3,801

-0

-11

3,789

49

45,945(Note) 1 “Dividend of earned surplus” is the entry included in the profit liquidation of the submitting company presented at the periodic
shareholders meeting of June 2006.
2 “Directors’ bonuses” is the entry included in the profit liquidation of the consolidated subsidiaries presented at the periodic
shareholders meeting of May 2006.

13

DAI-DAN Co., Ltd.(1980) Brief Report on the Mid-Term Financial Statements for the Period Ending March 2008

(4) Statement of mid-term period consolidated cash flows(in millions of yen)

Cash flow on sales activities
Mid-term net loss before tax adjustment orcurrent term net profit before tax adjustment
Depreciation expenses
Goodwill depreciation amount
Increased or decreased amount of allowancefor bad debts
Increased or decreased amount of reserves for
retirement benefits and reserves for directors’
retirement benefits
Earned interest and dividends received
Interest paid
Evaluation loss on investments in securities
Profit or loss on sales of investments insecurities
Profit or loss on sales of fixed assets
Loss on retirement of fixed assets
Increased or decreased amount of sales credits
Increased or decreased amount of incomplete
work expenditures
Increased or decreased amount ofprocurement credits
Increased or decreased amount of incomplete
work received amount
OthersSub-total
Received amount of interests and dividends
Paid interest amountPaid amount of corporate tax, etc
Cash flow on sales activities
II. Cash flow on investment activities
Expenditures by depositing of time deposits
Expenditures by acquiring of securities
Proceeds from sales/maturity of investment
securities
Expenditures by acquiring of tangible fixed
assets
Revenue by sales of tangible fixed assets
Expenditures by acquiring of investment
securities
Proceeds from sales/maturity of investment
in securities
Expenditures by loans
Revenue by recovery of loans
Expenditures by acquiring of other fixed
assets
Revenue by sales of other fixed assets
Expenditures by decline in other fixedliabilities
Cash flow on investment activities
III. Cash flow on financial activities
Revenue by short-term loans
Expenditures by return of short-term loans
Revenue by long-term loans
Expenditures by return of long-term loans
Revenue by new issue of stock
Expenditures by acquiring of treasury stocks
Revenue by sales of treasury stocks
Paid amount of dividends
Paid dividend to minority interests
Cash flow on financial activities
IV. Translation difference relating to cash andcash equivalents
V.
Increased or decreased amount of cash
and cash equivalents
VI. Balance of cash and cash equivalents atthe beginning of period
VII. Decrease in cash and cash equivalents due
to exclusion from consolidation
VIII. Balance of cash and cash equivalents at
the end of mid-term period (term end)

The previous mid-term
consolidated accounting
periodThe current mid-term
consolidated accounting
period(From April 1, 2006 to
September 30, 2006)(From April 1, 2007 to
September 30, 2007)

Summary of consolidated cash
flow statement of the previous
consolidated accounting year
in:millions of yen(From April 1, 2006 to
March 31, 2007)

AmountAmountAmountI.

-991-1,639

1,436

200
1
-36

208
−
-35

403
2
-55

182

-70

-208

-110
85
6
−

-131
108
23
−

-194
179
7
-950

-9
10
13,199-10,835−−
5,140
18,219-915-6,247-7,663-1,368-15,410

13,891

3,245-7,847

2,195-2,664
914
111
-82
-125
818

2,904
1,469
131
-98
-136
1,366

-5,425-2,623
194
-186
-170
-2,786

-200
-49
49

−
-49
149

-0
-99
195

-31

-56

-65

45
-2

2
-163

511
-91

2

1

1,176

-25
54
-13

-7
50
-62

-45
105
-214

158
-3

342
-1

251
-5

-14

204

1,718

8,530
-8,330800-1,444
−
-9
2
-494
-1
-947
-11

10,970-10,870
1,300-1,365
−
-12
102
-499
−
-374
71

21,240-20,790
2,200-2,845
18
-20
3
-716
-31
-942
66

-155

1,268

-1,944

23,13921,071

23,139

−

-128

-123

22,98322,211

21,07114

DAI-DAN Co., Ltd.(1980) Brief Report on the Mid-Term Financial Statements for the Period Ending March 2008

Basic important items for producing mid-term period consolidated financial statements
The previous mid-term consolidated
accounting period(From April 1, 2006 to September 30, 2006)
1. Items relating to scope of consolidation(1) Eleven (11) subsidiaries are included in
the consolidated financial statements.
Names of major consolidated
subsidiaries are described in “Section 1.
Situation of the Corporate Group”.
DAI-DAN Service Kanto Co., Ltd.,DAI-DAN Service Kansai Co., Ltd.,MERINO O.D.D.SDN.BHD.
Kyo Gas Co., Ltd. had continued
developing the business focusing on thegas piping work in Kyoto area.
However, the company has decided to
discontinue its business operation due tolittle prospect for management
improvement, and the allegation forstarting special clearance was made on
November 22, 2006 at Kyoto District
Court. Therefore the company has been
eliminated from the scope of our major
consolidated subsidiaries since thecurrent mid-term consolidated
accounting period.

The current mid-term consolidated accounting
period(From April 1, 2007 to September 30, 2007)
1. Items relating to scope of consolidation(1) Five (5) subsidiaries are included in the
consolidated financial statements.
Names of major consolidated
subsidiaries are described in “Section 1.
Situation of the Corporate Group”.
DAI-DAN Service Kanto Co., Ltd.,DAI-DAN Service Kansai Co., Ltd.,THAI O.D.D.CO., LTD
MERINO O.D.D. SDN. BHD.
DAI-DAN PHILIPPINES, INC.
After reviewing description of businessof our group, DAIDEN Koji Corp.,
Okayama DAIDEN Setsubi Co., Ltd.,
Kyushu DAIDEN Setsubi Co., Ltd., andKumamoto DAIDEN Setsubi Co., Ltd.,
which had belonged to our consolidated
subsidiaries, have been eliminated fromthe scope of our major consolidated
subsidiaries since the current mid-term
consolidated accounting period. This isbecause the four companies have nomajor schedules for business expansion,and they have minor impact on
mid-term net profit or loss as well as tosurplus earnings, thus comprising lessimportant part for the whole group.

(2) Number of non-consolidated
subsidiaries: One (1)The name of non-consolidated
subsidiary is as described below.
PFI Kyoto School Amenity Co., Ltd.

(2) Number of non-consolidated
subsidiaries: Five (5)The name of non-consolidated
subsidiary is as described below.
DAIDEN Koji Corp., Okayama
DAIDEN Setsubi Co., Ltd., Kyushu
DAIDEN Setsubi Co., Ltd., andKumamoto DAIDEN Setsubi Co., Ltd.,PFI Kyoto School Amenity Co., Ltd.
(3) Reason to exclude the non-consolidated
subsidiary from the scope of
consolidated accounting
same as on the left

(3) Reason to exclude the non-consolidated
subsidiary from the scope of
consolidated accounting
The total assets, completed work
amount, mid-term net profit/loss (worth
the amount of the equity method), earned
surplus (worth the amount of the equity
method), and other factors all have nosignificant influence on the mid-term
consolidated financial statements so thatthe company aforementioned is excluded
from the scope of consolidation.
2. Items relating to application of the equity 2. Items relating to application of the equity
methodmethod(1) We have no non-consolidated(1) We have no non-consolidated
subsidiaries or affiliates to which thesubsidiaries or affiliates to which theequity method was applied.
equity method was applied.
(2) The following section shows
non-consolidated subsidiaries oraffiliates to which the equity method is
not applied.
PFI Kyoto School Amenity Co., Ltd.

(2) The following section shows
non-consolidated subsidiaries oraffiliates to which the equity method is
not applied.
DAIDEN Koji Corp., Okayama
DAIDEN Setsubi Co., Ltd., Kyushu
DAIDEN Setsubi Co., Ltd., andKumamoto DAIDEN Setsubi Co., Ltd.,PFI Kyoto School Amenity Co., Ltd.

15

The previous consolidated accounting year
(From April 1, 2006 to March 31, 2007)
1. Items relating to scope of consolidation(1) Nine (9) subsidiaries are included in the
consolidated financial statements.
Names of major consolidated
subsidiaries are described in “Section 1.
Situation of the Corporate Group”.
DAI-DAN Service Kanto Co., Ltd.,DAI-DAN Service Kansai Co., Ltd.,MERINO O.D.D.SDN.BHD.
Kyo Gas Co., Ltd. , which had been
included in our group, have been
eliminated from the scope of our major
consolidated subsidiaries since thecurrent mid-term consolidated
accounting period. This is because thecompany has completed decision ofclosing account within the current
consolidated accounting year, and mostof the debts and credits arrangement
have been completed.
In addition, DAIDEN Koji Co., Ltd.,
has been eliminated from the scope ofour major consolidated subsidiaries
since the current mid-term consolidated
accounting period, since the possession
ratio of shareholder voting rights of ourcompany has decreased to 14.3% due toallocations of new shares to a third
party and thus the company is no longer
applicable to our affiliated companies.
(2) Number of non-consolidated
subsidiaries: One (1)The name of non-consolidated
subsidiary is as described below.
PFI Kyoto School Amenity Co., Ltd.

(3) Reason to exclude the non-consolidated
subsidiary from the scope of
consolidated accounting
The total assets, completed work
amount, current term net profit (worth
the amount of the equity method), earned
surplus (worth the amount of the equity
method), and other factors all have nosignificant influence on the consolidated
financial statement so that the company
aforementioned is excluded from thescope of consolidation.
2. Items relating to application of the equity
method(1) We have no non-consolidated
subsidiaries or affiliates to which theequity method was applied.
(2) The following section shows
non-consolidated subsidiaries oraffiliates to which the equity method is
not applied.
PFI Kyoto School Amenity Co., Ltd.

DAI-DAN Co., Ltd.(1980) Brief Report on the Mid-Term Financial Statements for the Period Ending March 2008

The previous mid-term consolidated
accounting period(From April 1, 2006 to September 30, 2006)(3) Reason not to apply the equity method
Since the company aforementioned has
minor influence on the mid-term net
profit/loss, earned surplus, and otherfactors and further is of no importance interms of the overall performance, it is
excluded from the scope of applicationof the equity method.
3. Items relating to accounting procedurebasis(1) Depreciation and amortization method
applied to important depreciable assets
1) Tangible fixed assets
Our company and domestic
consolidated subsidiary companies
Buildings (excluding Straight-line
accessory equipment) method
OthersDecliningbalance method
Overseas consolidated Straight-line
subsidiary companies method
Furthermore, the following section
shows the depreciation periods of major
assets.
Buildings and
15 to 50 years
structures

The current mid-term consolidated accounting
period(From April 1, 2007 to September 30, 2007)(3) Reason not to apply the equity method
same as on the left

The previous consolidated accounting year

(From April 1, 2006 to March 31, 2007)(3) Reason not to apply the equity method
Since the company aforementioned has
minor influence on the current term net
profit, earned surplus, and other factors
and further is of no importance in termsof the overall performance, it is excluded
from the scope of application of theequity method.
3. Items relating to accounting procedure
3. Items relating to accounting procedure
basis
basis
(1) Depreciation and amortization method(1) Depreciation and amortization method
applied to important depreciable assets
applied to important depreciable assets
1) Tangible fixed assets
1) Tangible fixed assets
Our company and domestic
Our company and domestic
consolidated subsidiary companies
consolidated subsidiary companies
Straight-line
Buildings (excluding
Buildings (excluding Straight-line
accessory equipment) method
accessory equipment) method
OthersOthersDeclining
Decliningbalance methodbalance method
Overseas consolidated Straight-line
Overseas consolidated Straight-line
subsidiary companies method
subsidiary companies method
Furthermore, the following section
Furthermore, the following section
shows the depreciation periods of major
shows the depreciation periods of major
assets.
assets.
Buildings and
15 to 50 years
Buildings and
15 to 50 years
structures
structures(Change of accounting policy)
According to the amendment ofcorporate tax law, our company haschanged the depreciation method tobe applied to the tangible fixed assets
purchased after April 1, 2007, basedon the corporate tax law after
amendment since the current
mid-term consolidated accounting
period.
The change will have minor impact
on the profit or loss.

2) Intangible fixed
assetsStraight line
methodFurthermore, as to software of thecompany’s own use, the straight(Additional information)
According to the amendment ofcorporate tax law, as for the
depreciation of tangible fixed asset
purchased before March 31, 2007, thedifference between the value
corresponding to 5% of theacquisition cost and the reminder
price has been evenly written off for 5
years to be included to the costdepreciation, as a result of applicationof depreciation method based on thecorporate tax law before amendment.
The change will have minor impact
on the profit or loss.
2) Intangible fixed assets

same as on the left

162) Intangible fixed assets

same as on the left

DAI-DAN Co., Ltd.(1980) Brief Report on the Mid-Term Financial Statements for the Period Ending March 2008

The previous mid-term consolidated
accounting period(From April 1, 2006 to September 30, 2006)(2) Other important items for the mid-term
period consolidated financial statements
Completed works amount recording
basis
Work completion basis is adopted. For
some works, however, we adopt
deferred payment standards under
Corporation Tax Law, thus counting theamount equivalent to profits
corresponding to uncollected amount in
the completed work costs to reschedule
the profits and to return it at the time ofcollection. Furthermore, our overseas
consolidated-subsidiaries record thecompleted works amount on the work
progressing basis.
Unearned profit
returned amount
Unearned profit
deducted amountTotal

4 million yen– million yen
4

The current mid-term consolidated accounting
period(From April 1, 2007 to September 30, 2007)(2) Other important items for the mid-term
period consolidated financial statements
Completed works amount recording
basis
Work completion basis is adopted. The
percentage of completion method forlong-term contracts has been adopted
and applied to those works whose
construction schedule exceeds 1 year
and the contract amount exceeds 100
million yen, as well as to the operationof our consolidated subsidiaries locatedoverseas.
Work completion basis is adopted. For
some works, however, we adopt
deferred payment standards under
Corporation Tax Law, thus counting theamount equivalent to profits
corresponding to uncollected amount in
the completed work costs to reschedule
the profits and to return it at the time ofcollection.
Unearned profit– million yen
returned amount
Unearned profit– million yen
deducted amountTotal–

The previous consolidated accounting year
(From April 1, 2006 to March 31, 2007)(2) Other important items for the mid-term
period consolidated financial statements
Completed works amount recording
basis
Work completion basis is adopted. For
some works, however, we adopt
deferred payment standards under
Corporation Tax Law, thus counting theamount equivalent to profits
corresponding to uncollected amount in
the completed work costs to reschedule
the profits and to return it at the time ofcollection. Furthermore, our overseas
consolidated-subsidiaries record thecompleted works amount on the work
progressing basis.
Unearned profit
returned amount
Unearned profit
deducted amountTotal

27 million yen– million yen
27(Change of accounting policy)
Our company had adopted the work
completion basis method for all thecontracted works. Since the current
mid-term consolidated accounting
period, however, the percentage ofcompletion method for long-term
contracts has been applied to thoseworks whose construction schedule
exceeds 1 year and the contract amountexceeds 100 million yen.
Under the corporate structure of ourcompany, usually the amount of work
completed in the second term comprises
a greater part of the annual amountcompared to those of the first term,
which had resulted in a significant
seasonal fluctuation for the amount ofcompleted work between the first term
and the second term based on the work
completion basis method. Furthermore,
the quarterly reporting system isscheduled to be introduced starting fromthe term of March, 2009.
Considering the above situations, thepercentage of completion method forlong-term contracts has been adopted sothat the construction work results oflong-term contracts will be more
adequately reflected to the periodic
accounting of profit and loss, as well as
to cope with the international accounting
trend where the percentage ofcompletion method for long-term
contracts is becoming the principle
accounting criteria to recognize profit.
As a result, the amount of completion
work for the current mid-term
consolidated accounting period has
increased by 24,496 million yen to
reduce the operating loss, ordinary loss
and mid-term net loss before tax
adjustments by 330 million yen
compared to the conventional method.

Please note that the items other than the above stated have had no significant change since the latest half-term report (submitted
December 15, 2006), and thus the disclosure of the information are omitted in this report.
17

DAI-DAN Co., Ltd.(1980) Brief Report on the Mid-Term Financial Statements for the Period Ending March 2008

Changes of basic important items for producing mid-term period consolidated financial statements
The previous mid-term consolidated
accounting period(From April 1, 2006 to September 30, 2006)
1. Accounting Standards for Presentation of
Net Assets in Balance Sheet
Since the current mid-term consolidated
accounting period, we have applied the“Accounting Standards for Presentation of
Net Assets in Balance Sheet” (Corporate
Accounting Standard No. 5 published on
December 9, 2005 by Corporate AccountingStandar Committtee) and the“Implementation Guidance on AccountingStandards for Presentation of Net Assets in
Balance Sheet, etc.” (Implementation
Guidance on Corporate AccountingStandards No. 8 published on December 9,2005 by Corporate Accounting Standard
Committe). This application has noinfluence on profit and loss.
Furthermore, the amount corresponding to
the sum of the section on “Shareholders’equity” under the previous standards is45,134 million yen.
Due to revision to the Rules for Presenting
the Mid-term Consolidated Financial
Statements, we have prepared the section on“Net assets” in the mid-term consolidated
financial statements for the current
mid-term consolidated accounting period in
accordance with the revised “Rules for
Presenting the Mid-term Consolidated
Financial Statements”.

The current mid-term consolidated accounting
period(From April 1, 2007 to September 30, 2007)

The previous consolidated accounting year
(From April 1, 2006 to March 31, 2007)
1. Accounting Standards for Presentation of
Net Assets in Balance Sheet
Since the current consolidated accounting
period, we have applied the “AccountingStandards for Presentation of Net Assets in
Balance Sheet” (Corporate AccountingStandard No. 5 published on December 9,2005 by Corporate Accounting Standard
Committee) and the “Implementation
Guidance on Accounting Standards for
Presentation of Net Assets in Balance Sheet,etc.” (Implementation Guidance on
Corporate Accounting Standards No. 8
published on December 9, 2005 by
Corporate Accounting Standard
Committee). This application has noinfluence on profit and loss.
Furthermore, the amount corresponding to
the he total of the “Equity section” is 45,896
million yen. According to the revision of theRules for Presenting the Consolidated
Financial Statements, we have prepared thesection on “Net assets” in the consolidated
financial statements for the current
consolidated accounting year based on therevised “Rules for Presenting theConsolidated Financial Statements”.
2. Accounting standards for directors’ bonuses
Since the current consolidated accounting
year, we have applied the “AccountingStandards for Ditectors’Bonuses”(Corporate Accounting Standard No. 4
published on November 29, 2005 by
Corporate Accounting Standard
Committee). As a result, the operation
profit, ordinary profit and the net profit of
the current period before tax adjustments
have been reduced by 70 million yen.

18

DAI-DAN Co., Ltd.(1980) Brief Report on the Mid-Term Financial Statements for the Period Ending March 2008

Notes
(Relating to mid-term period consolidated balance sheet)
Outstanding at the end of previous mid-term
consolidated accounting period(As of September 30, 2006)
1. The accumulated amount of depreciation of
tangible fixed assets amounts to 3,481
million yen.
2. Pledged assets
The assets given as security and theliabilities corresponding to the above are as
follows:
Pledged assets
Time deposit
27 million yen
Investment
535 million yen
securities
Total
562

Outstanding at the end of current mid-term
consolidated accounting period(As of September 30, 2007)
1. The accumulated amount of depreciation of
tangible fixed assets amounts to 3,354
million yen.
2. Pledged assets
The assets given as security and theliabilities corresponding to the above are as
follows:
Pledged assets
27 million yen
Time deposit
Investment
298 million yen
securities
Total
325

End of the previous consolidated accounting
period(As of March 31, 2007)
1. The accumulated amount of depreciation of
tangible fixed assets amounts to 3,335
million yen.
2. Pledged assets
The assets given as security and theliabilities corresponding to the above are as
follows:
Pledged assets
27 million yen
Time deposit
Investment
481 million yen
securities
Total
508

Liabilities for the
Liabilities for the
Liabilities for the
above
above
above
Long-term loans
347 million yen
Long-term loans
Long-term loans
100 million yen
215 million yen
expecting to
expecting to
expecting toreturn within 1
return within 1
return within 1
year.
year.
year.
75 million yen
Long-term loans
2,989 million yen
25 million yen
The amountLong-term loans
3,966 million yen
The amount
4,267 million yen
The amountequivalent of theequivalent of theequivalent of thecontribution pro
contribution pro
contribution pro
rata of ourrata of ourrata of ourcompany, out ofcompany, out ofcompany, out of
46,999 million
33,692 million
46,998 million
yen debts of theyen debts of theyen debts of theinvestinginvestinginvestingcompany
company
company
Total
3,089
Total
4,388
Total
4,507
3. The amount of transfer of endorsed notes
3. The amount of transfer of endorsed notes
receivable is 16 million yen.
receivable is 21 million yen.
4. Accounting for notes that mature on the
4. Accounting for notes that mature on the
4. Accounting for notes that mature on theclosing date of the consolidated accounting
closing date of the mid-term consolidated
closing date of the mid-term consolidated
period is processed on the clearing date ofaccounting period is processed on theaccounting period is processed on thethe notes.
clearing date of the notes.
clearing date of the notes.
Also, since the closing date of the current
Also, since the closing date of the current
Also, since the closing date of the current
consolidated accounting period fell on a
mid-term consolidated accounting period fell
mid-term consolidated accounting period fell
holiday of financial institutions, theon a holiday of financial institutions, theon a holiday of financial institutions, thefollowing notes that mature on the closing
following notes that mature on the closing
following notes that mature on the closing
date of the consolidated accounting period
date of the mid-term consolidated accounting
date of the mid-term consolidated
are included in the balance as of the closing
period are included in the balance as of theaccounting period are included in thedate of the consolidated accounting period
closing date of the current mid-termbalance as of the closing date of the current
Notes receivable
325 million yen
consolidated accounting period.
mid-term consolidated accounting period.
Notes payable
1,121 million yen
Notes receivable
568 million yen
Notes receivable
306 million yen
Notes payable
859 million yen
Notes payable
903 million yen

19

DAI-DAN Co., Ltd.(1980) Brief Report on the Mid-Term Financial Statements for the Period Ending March 2008

(Relating to mid-term period consolidated profit and loss statement)
The previous mid-term consolidated
accounting period(From April 1, 2006 to September 30, 2006)
1. The following section describes major
expense items of the selling and generaladministrative expenses.
Salaries and
1,651 million yen
allowances to
employees
Reserves for-8 million yen
retirement benefits
Amounts transferredfrom reserves for
41 million yen
directors’ retirement
benefits
Amount of
516 million yen
computers
Communication and
432 million yen
transportation
expenses
Amounts transferred
21 million yen
from allowance forbad debts
Depreciation
198 million yen
expenses
2. Paid amount of taxes and adjustment
amount such as corporate taxes, etc. for the
mid-term consolidated accounting period
has been accounted by the amount for thecurrent mid-term consolidated accounting
period presuming that reserves for
reduction on fixed assets be reversed by thedisposal of predetermined profits in thecurrent consolidated accounting year.
3. Seasonal variations of the amount ofcompleted works
As for amount of completed works with our
corporate group, since works to becompleted during the second half of theaccounting year absorb a larger percentage
compared to those to be completed during
the first half as normal business pattern ofthe company, there is a substantial
difference in the amount of completed
works between the first and second halvesof the consolidated accounting year, thus
resulting in seasonal variations of theperformance between the first and second
halves of the accounting year.
The following section shows the amount ofcompleted works for one year through theend of the current mid-term consolidated
accounting period.
Second half of theprevious
consolidated
accounting year
Current mid-term
consolidated
accounting period
Total

The current mid-term consolidated accounting
period(From April 1, 2007 to September 30, 2007)
1. The following section describes major
expense items of the selling and generaladministrative expenses.
Salaries and1,608 million yen
allowances to
employees
Reserves for-12 million yen
retirement benefits
Amounts transferredfrom reserves for
46 million yen
directors’ retirement
benefits
Amount of
302 million yen
computers
Communication and424 million yen
transportation
expenses
Depreciation
208 million yen
expenses2.

same as on the left

91,995 million yen

62,179 million yen

154,174

20

The previous consolidated accounting year
(From April 1, 2006 to March 31, 2007)
1. The following section describes major
expense items of the selling and generaladministrative expenses.
Salaries and3,358 million yen
allowances to
employees
Reserves for-32 million yen
retirement benefits
Amounts transferredfrom reserves for
83 million yen
directors’ retirement
benefits
Amount of
968 million yen
computers
Communication and872 million yen
transportation
expenses
Amounts transferred
139 million yen
from allowance forbad debts
Depreciation
401 million yen
expensesDAI-DAN Co., Ltd.(1980) Brief Report on the Mid-Term Financial Statements for the Period Ending March 2008

(Relating to statement of changes in mid-term consolidated shareholders’ equity)
The previous mid-term consolidated accounting period (from April 1, 2006 to September 30, 2006)
1. Items relating to the type and number of issued stocks
Type of stock

End of the previous
consolidated accounting
year

Common stock(in thousands of stocks)

Increase−

45,963End of the current
mid-term consolidated
accounting period

Decrease−

45,963

2. Items relating to the type and number of treasury stocks
Type of stock

End of the previous
consolidated accounting
year

Common stock(in thousands of stocks)

Increase

1,013

End of the current
mid-term consolidated
accounting period

Decrease
122(Outline of reasons for the fluctuation)
Major breakdown for the “Increase” is outlined as follows:
Increase resulting from the appraisal remedy of odd-lot stocks:
Major breakdown for the “Decrease” is outlined as follows:
Decrease resulted from the request for sales of odd-lot stocks:

1,023

12 thousand stocks
2 thousand stocks

3. Items relating to share warrant
Not applicable.
4. Items relating to dividend(1) Paid amount of dividend
Resolution

Type of stock

Total dividends(in millions of yen)

Dividend per stock(in yen)Ordinary general
meeting of shareholders
on June 29, 2006

Common
stock

494

11.00

Record date

Effective date

March 31, 2006

June 30, 2006

(2) Dividends having effective date after the closing date of the current mid-term consolidated accounting period, out of
those whose record date belong to within the current mid-term consolidated accounting period
Resolution
Board of directors on
November 16, 2006

Dividend per stock
Type of Resource for Total dividends
Record datedividend (in millions of yen)(in yen)stock
CommonSurplus5.00 September 30, 2006
224
stock
earnings

Effective date
December 4, 2006

Current mid-term consolidated accounting period (from April 1, 2007 to September 30, 2007)
1. Items relating to the type and the aggregated number of issued stocks
Type of stock

End of the previous
consolidated accounting
year

Common stock (inthousands of stocks)

45,963

Increase

End of the current
mid-term consolidated
accounting period

Decrease−−

45,963

2. Items relating to the type and number of treasury stocks
Type of stock

End of the previous
consolidated accounting
year

Common stock (inthousands of stocks)

1,024

Increase

End of the current
mid-term consolidated
accounting period

Decrease
17

143(Outline of reasons for the fluctuation)
Major breakdown for the “Increase” is outlined as follows:
Increase resulting from the appraisal remedy of odd-lot stocks:
17 thousand stocks
Major breakdown for the “Decrease” is outlined as follows:
Decrease resulted from the request for sales of odd-lot stocks:
2 thousand stocks
Decrease resulted from disposition of the treasury stocks due to the third-party allocations: 141 thousand stocks
21898

DAI-DAN Co., Ltd.(1980) Brief Report on the Mid-Term Financial Statements for the Period Ending March 2008

3. Items relating to share warrant
Not applicable.
4. Items relating to dividend(1) Paid amount of dividend
Resolution

Type of stock

Ordinary general meetingof shareholders on June
28, 2007

Commonstock

Total dividends
Dividend per stock(in millions of yen)(in yen)
494

11.00

Record date

Effective date

March 31, 2007

June 29, 2007

(2) Dividends having effective date after the closing date of the current mid-term consolidated accounting period, out of
those whose record dates belong to within the current mid-term consolidated accounting period
Resolution
Board of directors on
November 15, 2007

Type of Resource for Total dividends Dividend per stock
Record date
Effective datestock
(in yen)dividend (in millions of yen)
CommonSurplus225
5.00 September 30, 2007 December 3, 2007stock
earnings

Previous consolidated accounting year (from April 1, 2006 to March 31, 2007)
1. Items relating to the type and the aggregated number of issued stocks
Type of stock

End of the previous
consolidated accounting
year

Common stock (inthousands of stocks)

45,963

Increase

End of the current
consolidated accounting
year

Decrease−−

45,963

2. Items relating to the type and number of treasury stocks
Type of stock

End of the previous
consolidated accounting
year

Common stock (inthousands of stocks)

1,013

Increase

End of the current
consolidated accounting
year

Decrease
28

17(Outline of reasons for the fluctuation)
Major breakdown for the “Increase” is outlined as follows:
Increase resulting from the appraisal remedy of odd-lot stocks:
Major breakdown for the “Decrease” is outlined as follows:
Decrease resulted from the request for sales of odd-lot stocks:
Decrease of cross-shareholding stocks due to exclusion fromconsolidation of affiliated companies:

1,024

28 thousand stocks
4 thousand stocks
12 thousand stocks

3. Items relating to share warrant
Not applicable.
4. Items relating to dividend(1) Paid amount of dividend
Resolution
Ordinary general meetingof shareholders on June29, 2006
Board of directors on
November 16, 2006

Type of stock

Total dividends
Dividend per stock(in millions of yen)(in yen)Record date

Effective dateCommon
stock

494

11.00

March 31, 2006

June 30, 2006

Common
stock

224

5.00

September 30, 2006

December 4, 2006

(2) Dividends having effective date in the next consolidated accounting year out of those whose record dates belong towithin the current consolidated accounting year
Resolution

Type ofstock

Ordinary general meetingof shareholders on June
28, 2007

Commonstock

Resource for Total dividends Dividend per stock
dividend (in millions of yen)(in yen)Surplusearnings

494

22

11.00

Record date

Effective date

March 31, 2007

June 29, 2007

DAI-DAN Co., Ltd.(1980) Brief Report on the Mid-Term Financial Statements for the Period Ending March 2008

(Relating to mid-term consolidated cash flow statement)
Previous mid-term consolidated accounting

Current mid-term consolidated accounting

The previous consolidated accounting year

periodperiod(From April 1, 2006 to September 30, 2006)(From April 1, 2007 to September 30, 2007)

The following table shows the relationshipThe following table shows the relationshipThe following table shows the relationshipbetween the balance of cash and cash

between the balance of cash and cash

between the balance of cash and cash

equivalents at the end of the mid-term period

equivalents at the end of the mid-term period

equivalents at the end of the mid-term period(at the end of full-year period) and the(at the end of full-year period) and the(at the end of full-year period) and theamounts of accounts listed in the mid-term

amounts of accounts listed in the mid-term

amounts of accounts listed in the mid-term

period consolidated balance sheet (full-year

period consolidated balance sheet (full-year

period consolidated balance sheet (full-year

consolidated balance sheet)consolidated balance sheet)consolidated balance sheet)

Cash and cash

Cash and cash

Cash and cash

23,210 million yen

account

22,238 million yen

account(From April 1, 2006 to March 31, 2007)

21,098 million yen

account

Securities account

300 million yen

Securities account

100 million yen

Securities account

200 million yen

Total

23,510 million yen

Total

22,338 million yen

Total

21,299 million yen

Time deposits withtime period of moreTime deposits with
-227 million yen

than three months

equivalent objects-27 million yen

Securities other than-100 million yen

add-on type bondinvestment trusts

22,983 million yentime period of morethan three months

Securities other than-300 million yen

investment trusts
Cash and cash

-27 million yentime period of morethan three months

Securities other than
add-on type bondTime deposits with

add-on type bond-200 million yen

investment trusts

Cash and cash

22,211 million yen

equivalent objects

Cash and cash

21,071 million yen

equivalent objects(Segment Information)
1. Business segments information
For the previous mid-term consolidated accounting period (April 1, 2006 to September 30, 2006), the current mid-term
consolidated accounting period (April 1, 2007 to September 30, 2007) and the previous full-year consolidated
accounting period (April 1, 2006 to March 31, 2007),
Since our corporate group is engaged in facility construction works, there are no business types other than those, thus notapplicable to this section.
2. Geographic segments information
For the previous mid-term consolidated accounting period (April 1, 2006 to September 30, 2006), the current mid-term
consolidated accounting period (April 1, 2007 to September 30, 2007), and the previous full-year consolidated
accounting period (April 1, 2006 to March 31, 2007),
Since the total sales amount of all segments of "Japan" exceeds 90%, the reference to geographic segments informationis omitted.
3. Overseas sales
For the previous mid-term consolidated accounting period (April 1, 2006 to September 30, 2006), the current mid-term
consolidated accounting period (April 1, 2007 to September 30, 2007), and the previous full-year consolidated
accounting period (April 1, 2006 to March 31, 2007)
Since overseas sales amount is less than 10% of the total consolidated sales, the reference to overseas sales is omitted.

23

DAI-DAN Co., Ltd.(1980) Brief Report on the Mid-Term Financial Statements for the Period Ending March 2008

(Information per stock)
Previous mid-term consolidated accounting

Current mid-term consolidated accounting

periodperiod(From April 1, 2006 to September 30, 2006)(From April 1, 2007 to September 30, 2007)(From April 1, 2006 to March 31, 2007)

Net asset per stock:

Net asset per stock:

Net asset per stock:1004 yen 28 sen

The previous consolidated accounting year

967 yen 67 sen

Mid-term net loss amount per stock:1021 yen 29 sen

Mid-term net loss amount per stock:-19 yen 63 sen

Current term net profit amount per stock:-26 yen 97sen

11yen 78 sen(Note) (1) The mid-term net profit amount or the current term net profit amount per stock after residual securities
adjustments are not described since we have no residual securities.
(2) The basis for calculation of the mid-term net loss amount per stock (-) or the current term net profit amount isshown below:
Previous mid-term consolidated

Current mid-term consolidated

accounting period

accounting period

accounting year

(From April 1, 2006 to(From April 1, 2007 to(From April 1, 2006 to

September 30, 2006)

September 30, 2007)

March 31, 2007)-882 million yen-1,213 million yen

529 million yen

−

−

−

-882 million yen-1,213 million yen

529 million yen

44,944 thousand stocks

44,990 thousand stocks

44,939 thousand stocks

Mid-term net loss amount per stock (-)
or current term net profit amountMid-term net loss (-) or current term
net profit amountThe amount not belonging to thecommon stock
Mid-term net loss (- ) or current term
net profit amount related to thecommon stock
Average number of shares outstanding
for the common stock within the
periodThe previous consolidated(Post-balance sheet events of significance)
Not applicable(Omission of disclosure)
Since we consider that notes related to the leases, securities and derivatives trading do not have much significance to bedisclosed in the Mid-term Financial Brief Report, disclosure of these items is omitted.
In addition, we have no items applicable to the notes related to the business combination or stock option, etc.

24DAI-DAN Co., Ltd.(1980) Brief Report on the Mid-Term Financial Statements for the Period Ending March 2008

5. Amount of work orders received / amount of work completed/ amount of work carried over per
department(consolidated)(in millions of yen)Previous mid-term consolidated Current mid-term consolidated
accounting period
accounting period(From April 1, 2006 to(From April 1, 2007 to(From April 1, 2006 to

September 30, 2006)

September 30, 2007)

March 31, 2007)

Amount of work completed

Amount of work orders received

AmountAmount of work carried over

The previous consolidated
accounting year

Component
ratio %

AmountComponent
ratio %

AmountComponent
ratio %

Electrical work

15,71420.2

18,201

23.7

32,92822.9

Air conditioning

46,47759.7

45,69859.5

80,81756.1

Plumbing/sanitation

15,70320.1

12,87216.8

30,276

21.0

Total

77,895100.0

76,772100.0

144,022100.0(Renewal work)

35,73945.931,46241.0

65,27745.3(Overseas work)

5,832

7.5

3,821

5.0

6,535

4.5

Electrical work

11,93619.2

19,77821.1

33,74421.2

Air conditioning

35,57857.2

56,39860.0

86,117

54.2

Plumbing/sanitation

14,664

23.6

17,72618.9

39,181

24.6

Total

62,179100.0

93,903100.0

159,043

100.0(Renewal work)

27,24543.8

32,10334.2

61,30038.5(Overseas work)

3,936

6.3

7,745

8.3

10,588

6.7

Electrical work

26,58918.5

20,41821.2

21,99619.4

Air conditioning

81,09356.3

54,19456.4

64,893

57.3

Plumbing/sanitation

36,35025.2

21,552

22.4

26,406

23.3

Total

144,034

100.0

96,165100.0

113,296

100.0(Renewal work)

30,99921.5

25,84926.926,49023.4(Overseas work)

17,831

12.4

7,958

8.3

11,882

10.5

work

work

work

25

DAI-DAN Co., Ltd.(1980) Brief Report on the Mid-Term Financial Statements for the Period Ending March 2008

6. Mid-term period Financial Statements(1) Mid-term period balance sheet(in millions of yen)

Outstanding at the end of
Outstanding at the end of Summary balance sheet ofthe previous mid-term
the current mid-term
the previous accounting
accounting period
accounting periodyear(As of September 30, 2006) (As of September 30, 2007) (As of March 31, 2007)
Amount(Assets)
Current assets
Cash on hand and in banks
Note receivables
Completed work Accounts
receivables
Securities
Incomplete work expenditures
OthersAllowance for bad debts
Total current assets
Fixed assets
Tangible fixed assets
Intangible fixed assets
Investments and otherassetsInvestment securities
OthersAllowance for bad debts
Total investments andother assets
Total fixed assets
Total assets(Liabilities)
Current liabilities
Notes payable
Work accounts payable
Short-term loans payable
Incomplete work accounts
received
Accrued income tax, etc
Completed work compensation
reserves
Work loss reserves
OthersTotal current liabilities
Fixed liabilities
Long-term loans payable
Reserves for retirement
benefits
Reserves for directors’
retirement benefits
OthersTotal fixed liabilities
Total liabilities

Component
ratio

Amount%Component
ratio

Amount%%22,414
8,852
32,03821,536
7,720
46,841

20,298
8,447
51,159300
32,904
5,791-810
101,491

100
11,5924,866-1392,644200
29,8907,986-24
117,959

80.6

80.3

3,509
469

3,453
288

3,469
398

15,105
5,959-549
20,516

13,256
6,354-638
18,972

14,197
6,275-661
19,81024,495125,987

19.4
100.0

22,713
115,357

19.7
100.0

23,678
141,638

8,744
38,7207,684
15,362

8,242
39,1207,984
6,566

11,127
51,842
8,098
14,505

61
151

51
131

161
155

1,173
4,659
76,557

1,240
4,406
67,743867
4,643
91,402

60.8

58.7

1,845
2,009

1,829
1,844

1,680
1,907

573

607

615

27
4,455
81,013

3.5
64.3
26

3
4,285
72,0293.7
62.4

Component
ratio

577
4,780
96,182

83.3

16.7
100.0

64.5

3.4
67.9

DAI-DAN Co., Ltd.(1980) Brief Report on the Mid-Term Financial Statements for the Period Ending March 2008

(in millions of yen)

Outstanding at the end of
Outstanding at the end of Summary balance sheet ofthe previous mid-term
the current mid-term
the previous accounting
accounting period
accounting periodyear(As of September 30, 2006) (As of September 30, 2007) (As of March 31, 2007)
Component
ratio

Amount(Net Assets)
Shareholders’ equity
Capital stock

Component
ratio

Amount

%
4,479

3.5

Component
ratio

Amount

%
4,479

3.9

%
4,479

3.2

Capital surplus
Capital reserves
Other capital surplus
Total capital surplus
Earned surplus
Earned surplus reserve

4,716

4,716

4,716

66

95

67

4,783

3.8

4,811

4.2

4,783

1,119

1,119

1,119

88

84

84

30,72030,72030,720

50

-589

990

3.4

Other earned surplus
Fixed asset depreciation
reserve
Contingent reserve
Earned surplus carriedforward
Total earned surplus
Treasury stock

31,97825.4

31,33532,915

23.2

-462

27.1
-0.4

-513

-0.4

-523

-0.4

Total shareholders’ equity
Evaluation / currency translationdifference, etc.
Evaluation difference of othersecurities
Deferred profits and losses onhedgesTotal evaluation / currencytranslation difference, etc.
Total net assets

40,72732.3

40,16434.8

41,654

29.4

4,247

3.4

3,164

2.8

3,801

2.7

-1

-0.0

-0

-0.0

-0

-0.0

4,246

3.4

3,163

2.8

3,800

2.7

44,97335.7

43,32837.6

45,455

32.1

Total liabilities and net assets

125,987

100.0

115,357

100.0

141,638

100.0

27

DAI-DAN Co., Ltd.(1980) Brief Report on the Mid-Term Financial Statements for the Period Ending March 2008
(2) Mid-term period profit and loss statement(in millions of yen)Previous mid-term
accounting period

Current mid-term accounting
period(From April 1, 2006 to(From April 1, 2007 to

Summary profit and loss
statement of the previous
accounting year
(From April 1, 2006 to

September 30, 2006)

September 30, 2007)

March 31, 2007)

AmountAmountAmountPercentage

Percentage%

Percentage%%

Completed work amount

60,667100.0

93,291100.0

155,022100.0

Completed work cost

56,662

93.4

90,60797.1

144,209

93.0

4,004
5,047

6.6
8.3

2,683
4,321

2.9
4.7

10,812
9,284

7.0
6.0

-1,042-1.7-1,637

-1.8

1,528

1.0

Non-operating revenue

(221)

0.4

(287)

0.3

(580)

0.3

Interests received

10

22

28

Others

210

265

551

Completed work gross profit
Selling expenses and generaladministrative expenses
Operating profit or operating loss(−)

Non-operating expenses

(90)

0.2

(147)

0.1

(195)

Interest payable

85

108

178

Others4

39

17

Ordinary profit or ordinary loss(-)
Special profits
Profit on sales of fixed assets
Profit on sales of investments insecurities
Profit gained by returning
allowance for bad debts
Special losses

-911

-1.5

-1,497

-1.6

1,912

1.2

(31)

0.0

(0)

0.0

(982)

0.6

16
−

−
−

16
950

15

0

16

(24)

0.0

(23)

0.0

(1,655)

Loss on sales/ retirement of
fixed assets
Evaluation loss on investments
in securities
Loss from stock evaluation foraffiliated companies
Loss from liquidation ofaffiliated companies

17

−

22

6

23

7

−

−

4

−

−

1,614

Others−−6

Mid-term period net loss before tax(-) or current period net profit
before tax
Corporate tax, residence tax andbusiness tax.
Adjustment amounts such as forcorporate taxes
Mid-term period net loss (-) orcurrent period net profit

0.1

1.0

-904

-1.5

-1,521

-1.6

1,239

0.8

35

0.0

48

0.1

101

0.0

-187

-0.3

-483

-0.5

728

0.5

-751

-1.2

-1,086

-1.2

409

0.3

28

DAI-DAN Co., Ltd.(1980) Brief Report on the Mid-Term Financial Statements for the Period Ending March 2008(3) Statement of changes in mid-term shareholders’ equity, etc.
The previous mid-term accounting period (From April 1, 2006 to September 30, 2006)(in millions of yen)
Shareholders’ equity
Capital surplus
Capital stock
Balance as of March 31,
2006
Amount of changes madeduring mid-term
accounting period
Reversal of technology
development reserve(note)
Reversal of fixed asset
depreciation reserve(note)
Reversal of contingent
reserve (note)
Dividends of earned
surplus (note)
Mid-term period net loss
Acquisition of treasury
stock
Disposition of treasury
stock
Amount of changes
made during mid-term
accounting period, otherthan those items ofshareholders’ equity(net amount)
Total amount of changes
made during mid-term
accounting period
Balance as of September
30, 2006

66

0

0

Other capital surplus

4,716

Earned surplus
Earned surplus
reserve
1,119

−

−

0

0

−

4,479

4,716

66

4,783

1,119

Technology
development
reserve
Balance as of March 31,
2006
Amount of changes madeduring mid-term
accounting period
Reversal of technology
development reserve(note)
Reversal of fixed asset
depreciation reserve(note)
Reversal of contingent
reserve (note)
Dividends of earned
surplus (note)
Mid-term period net loss
Acquisition of treasury
stock
Disposition of treasury
stock
Amount of changes
made during mid-term
accounting period, otherthan those items ofshareholders’ equity(net amount)
Total amount of changes
made during mid-term
accounting period
Balance as of September
30, 2006

Capital reserves

4,479

Total capitalsurplus
4,782

580

Shareholders’ equity
Earned surplus
Other earned surplus
EarnedTotal earned
Fixed asset
surplusContingent
surplusdepreciation
reservecarriedreserveforward91
31,820-386
33,225-580-3-1,100Treasury stock

Total capital
stock

-505

41,981

580

−

−

3

−

−

1,100

−

−

-494

-494

-494

-751

-751
-9

-751
-9

1

1

-580

-3

-1,100436-1,246-7-1,253−88

30,72050

31,978-513

40,72729

DAI-DAN Co., Ltd.(1980) Brief Report on the Mid-Term Financial Statements for the Period Ending March 2008

Balance as of March 31,
2006
Amount of changes madeduring mid-term
accounting period
Reversal of technology
development reserve(note)
Reversal of fixed asset
depreciation reserve(note)
Reversal of contingent
reserve (note)
Dividends of earned
surplus (note)
Mid-term period net loss
Acquisition of treasury
stock
Disposition of treasury
stock
Amount of changes
made during mid-term
accounting period, otherthan those items ofshareholders’ equity
Total amount of changes
made during mid-term
accounting period(net amount)
Balance as of September
30, 2006

Evaluation / Currency translation difference, etc.
Evaluation difference ofProfit or loss on hedge Total evaluation / currency
other securities
carried forward
translation difference, etc.
5,093
−
5,093

Total net assets
47,075

−
−
−
-494
-751
-9
1

-846

-1

-847

-847

-846

-1

-847

-2,101

4,247

-1

4,246

44,973(Note) This refers to the items of disposal of profits presented at the ordinary general meeting of shareholders inJune 2006.

30

DAI-DAN Co., Ltd.(1980) Brief Report on the Mid-Term Financial Statements for the Period Ending March 2008

Current mid-term accounting period (from April 1, 2007 to September 30, 2007)(in millions of yen)
Shareholders’ equity
Capital surplus
Capital stock
Balance as of March 31,
2007
Amount of changes madeduring mid-term
accounting period
Dividend of earned
surplus
Mid-term period net loss
Acquisition of treasury
stock
Disposition of treasury
stock
Amount of changes
made during mid-term
accounting period, otherthan those items ofshareholders’ equity(net amount)
Total amount of changes
made during mid-term
accounting period
Balance as of September
30, 2007

Capital reserves

4,479

67

Total capitalsurplus
4,783

28

28

Other capital surplus

4,716

Earned surplus
Earned surplus
reserve
1,119

−

−

28

28

−

4,479

4,716

95

4,811

1,119

Shareholders’ equity
Earned surplus
Other earned surplus

Balance as of March 31,
2007
Amount of changes madeduring mid-term
accounting period
Dividend of earned
surplus
Mid-term period net loss
Acquisition of treasury
stock
Disposition of treasury
stock
Amount of changes
made during mid-term
accounting period, otherthan those items ofshareholders’ equity(net amount)
Total amount of changes
made during mid-term
accounting period
Balance as of September
30, 2007

Balance as of March 31,
2007
Amount of changes madeduring mid-term
accounting period
Dividend of earned
surplus
Mid-term period net loss
Acquisition of treasury
stock
Disposition of treasury
stock
Amount of changes
made during mid-term
accounting period, otherthan those items ofshareholders’ equity(net amount)
Total amount of changes
made during mid-term
accounting period
Balance as of September
30, 2007

Fixed asset
depreciation
reserve
84

Total earned
surplusContingent
reserve

Earned surplus
carried forward

30,720990

32,915-494-494-1,086-1,086

Total capital
stock

Treasury stock-523

41,654-494-12-1,086
-12

73

102

−

−

-1,580-1,58061-1,49084

30,720-589

31,335-462

40,164

Evaluation / Currency translation difference, etc.
Evaluation difference ofProfit or loss on hedge Total evaluation / currency
other securities
carried forward
translation difference, etc.
3,801
-0
3,800

Total net assets
45,455-494-1,086
-12
102

-637

0

-636

-636

-637

0

-636

-2,127

3,164

-0

3,163

43,32831

DAI-DAN Co., Ltd.(1980) Brief Report on the Mid-Term Financial Statements for the Period Ending March 2008

Statement of changes in shareholders’ equity, etc. in the previous accounting year (from April 1, 2006 to March 31, 2007)(in millions of yen)
Shareholders’ equity
Capital surplus
Capital stock
Balance as of March 31,
2006
Amount of changes madeduring accounting year
Reversal of technology
development reserve(note)
Reversal of fixed asset
depreciation reserve(note)
Reversal of fixed asset
depreciation reserve
Reversal of contingent
reserve (note)
Dividends of earned
surplus (note)
Current period net loss
Acquisition of treasury
stock
Disposition of treasury
stock
Amount of changes
made during accounting
year, other than those
items of shareholders’equity (net amount)
Total amount of changes
made during accounting
year
Balance as of March 31,
2007

4,479

Other capital surplus

4,716

66

4,782

0

0

1,119

−

−

0

0

−

4,479

4,716

67

4,783

1,119

Technology
development
reserve
Balance as of March 31,
2006
Amount of changes madeduring accounting year
Reversal of technology
development reserve(note)
Reversal of fixed asset
depreciation reserve(note)
Reversal of fixed asset
depreciation reserve
Reversal of contingent
reserve (note)
Dividends of earned
surplus (note)
Current period net loss
Acquisition of treasury
stock
Disposition of treasury
stock
Amount of changes
made during accounting
year, other than those
items of shareholders’equity (net amount)
Total amount of changes
made during accounting
year
Balance as of March 31,
2007

Capital reserves

Earned surplus
Earned surplus
reserve

Total capitalsurplus580

Shareholders’ equity
Earned surplus
Other earned surplus
EarnedTotal earned
Fixed asset
Contingent
surplussurplusdepreciation
reservecarriedreserveforward91
31,820-386
33,225

Treasury stock

Total capital
stock

-505

41,981

580

−

−

-3

3

−

−

-3

3

−

−

1,100

−

−

-719

-719

-719

409

409

-580

-1,100

-20

409
-20

2

3

-580

-6

-1,100

1,377

-309

-17

-326

−

84

30,720990

32,915-523

41,65432

DAI-DAN Co., Ltd.(1980) Brief Report on the Mid-Term Financial Statements for the Period Ending March 2008

Balance as of March 31,
2006
Amount of changes madeduring accounting year
Reversal of technology
development reserve(note)
Reversal of fixed asset
depreciation reserve(note)
Reversal of fixed asset
depreciation reserve
Reversal of contingent
reserve (note)
Dividends of earned
surplus (note)
Current period net loss
Acquisition of treasury
stock
Disposition of treasury
stock
Amount of changes
made during accounting
year, other than those
items of shareholders’equity (net amount)
Total amount of changes
made during accounting
year
Balance as of March 31,
2007

Evaluation / Currency translation difference, etc.
Evaluation difference ofProfit or loss on hedge Total evaluation / currency
other securities
carried forward
translation difference, etc.
5,093
−
5,093

Total net assets
47,075

−
−
−
−
-719
409
-20
3

-1,292-0-1,292-1,292-1,292-0-1,292-1,619

3,801

-0

3,800

45,455(Note) This refers to the items of disposal of profits presented at the ordinary general meeting of shareholders inJune 2006.

33

DAI-DAN Co., Ltd.(1980) Brief Report on the Mid-Term Financial Statements for the Period Ending March 2008

7. Amount of work orders received / amount of work completed/ amount of work carried over per department(non-consolidation)(in millions of yen)Previous mid-term
accounting period

Current mid-term
accounting period

Previous accounting year

(From April 1, 2006 to(From April 1, 2007 to(From April 1, 2006 to

September 30, 2006)

September 30, 2007)

March 31, 2007)

Amount of work carried overAmount of work completed

Amount of work orders received

AmountComponent
ratio %

AmountComponent
ratio %

AmountComponent
ratio %

Electrical work

15,16020.2

18,13623.7

31,161

22.2

Air conditioning

44,27859.2

45,37059.4

79,321

56.6

15,397

20.6

12,897

16.9

29,696

21.2

Total

74,836100.0

76,404100.0

140,179

100.0(Renewal work)

34,97646.7

31,29441.0

63,596

45.4(Overseas work)

3,896

5.2

3,557

4.7

4,784

3.4

Electrical work

11,40918.8

19,61421.0

31,974

20.6

Air conditioning

34,77457.3

55,99560.0

84,45954.5

14,482

23.9

17,682

19.0

38,588

24.9

Total

60,667100.0

93,291100.0

155,022100.0(Renewal work)

26,65043.9

31,87334.2

59,65538.5(Overseas work)

3,286

5.4

7,327

7.9

8,759

5.7

Electrical work

26,41018.6

20,37021.2

21,84719.4

Air conditioning

79,26455.9

53,99656.3

64,621

57.3

36,126

25.5

21,53522.5

26,320

23.3

Total

141,801

100.0

95,903100.0

112,790

100.0(Renewal work)

30,66921.6

25,70426.8

26,283

23.3(Overseas work)

16,181

11.4

7,826

8.2

11,596

10.3

Plumbing/sanitation
work

Plumbing/sanitation
work

Plumbing/sanitation
work

34