Brief Report on the First Quarter Financial Statements for the Period Ending March 2014
[Japanese Standard] (Consolidated)
August 8, 2013
Listed Shares Exchanges:
Tokyo Stock Exchange 1st section

Name of listed company: DAI-DAN Co., Ltd.
Code No.: 1980
URL http://www.daidan.co.jp/

Representative of Company: Shohei KITANO, Representative Director, President and Chief Operating Officer (C.O.O.)
Inquiries to be addressed to: Hirokazu KAWAKUBO, Director, Senior Executive Corporate Officer, Head of General Administration Division
Scheduled date to file a quarterly report: August 9, 2013
Date scheduled for dividend payment commencement: ─
Yes or no of preparation of quarterly settlement supplementary explanation data: No
Yes or no of holding of quarterly settlement explanation meeting: No

Tel.: 06 - 6447 - 8003

(Amounts are indicated with figures less than 1 million yen discarded)
1. Consolidated business results for the first quarter of the period ending March 2014 (From April 1, 2013 to June 30, 2013)(1) Consolidated management performance (Cumulative total)(Percentage indications represent the changes from the same quarter period of the previous accounting year.)

Sales amountOperating profit

Ordinary profit

Quarterly net income

Million yen%

Million yen%

Million yen%

Million yen%

First quarter of the period ending March 2014

23,681

-6.3

-525

―

-298

―

-256

―

First quarter of the period ending March 2013

25,285

16.1

-331

―

-290

―

-426

―

(Reference) Comprehensive income: First quarter of the period ending March 2014 456 million yen (– %), First quarter of the period ending March 2013
-441 million yen (– %)Quarterly net income pershare (basic)
Yen

Quarterly net income pershare (diluted)

Sen

Yen

Sen

First quarter of the period ending March 2014

-5.74

―

First quarter of the period ending March 2013

-9.56

―

(2) Consolidated financial condition
Total assets
First quarter of the period ending March 2014

Net assets

Net assets per share

Million yen%

101,536

44,95144.1

1,004.15

44,988Period ending March 2013

42.3
44,856 Million yen

1,005.38

Period ended March 2013

106,155First quarter of the period ending March 2014 44,796 Million yen,

(Reference) Equity capital:

Shareholders capital rate

Million yen

Yen

Sen

2. Dividend status
Annual Dividends
End of first quarter
Yen
Period ending March 2013―

Period ending March 2014―

End of second quarter
Sen

Yen

Period ending March 2014 (Forecast)End of third quarter

Sen

Yen

Period end

Sen

Yen

Through year
Sen

Yen

Sen

8.00

―

11.00

19.00

8.00

―

8.00

16.00

(Note) Presence or absence of revision from dividend forecast published most recently: None

3. Estimate of consolidated performance for the period ending March 2014 (From April 1, 2013 to March 31, 2014)(Percentage indications show increase or decrease from the previous period for total period and from the same quarter of the previous year for the 2nd quarter consolidated cumulative period.)

Sales amountSecond quarter(cumulative)
Total period

Operating profit

Ordinary profit

Current net profit

Current net earnings per share

Million yen%

Million yen%

Million yen%

Million yen

57,500

2.3

1,000

216.4

1,000

162.2

500

―

11.21

1,800

12.5

40.34

126,000

3.3

3,500

27.3

3,500

(Note) Presence or absence of revision from dividend forecast published most recently: None
(Reference)(1) Estimated amount of work order received [End of second quarter (Cumulative total)]: 60,500 Million yen(2) Estimated amount of work order received [full year]: 126,000 Million yen

6.8

%

Yen

Sen

* Annotations(1) Key subsidiary changes in the current quarter consolidated cumulative period （changes in specific subsidiaries requiring changes of consolidation
scope）: None
(2) Application of particular accounting to the preparation of quarter consolidated financial statements: None
(3) Accounting policy change, accounting estimate change, revision redisplay• Accounting policy change due to revision of accounting standards etc.: None
‚ Accounting policy change other than •: NoneƒAccounting estimate change: None
„Revision redisplay: None
(4) Number of issued shares (common stock)• Number of issued shares at the end of period (including treasury stock)‚ Number of treasury stock at the end of period
ƒ Average numbers of shares in the period (Quarter total)•‚ƒFirst quarter of period ending
March 2014
First quarter of period ending
March 2014
First quarter of period ending
March 2014

45,963,803 shares

Period ending March 2013

45,963,803 shares

1,352,158 shares

Period ending March 2013

1,347,546 shares

44,613,666 sharesFirst quarter of period ending
March 2013

44,641,504 shares* Display Concerning State of Quarter Review Procedure Implementation
Quarter report review under the Financial Instruments and Exchange Act is implemented at the time of disclosure of this quarter settlement brief statement.
* Explanation about adequate use of achievement forecasts and other noteworthy matters
The above forecasts are based on the information available at the time of preparation of this document and the assumption considered as reasonable
Consequently, actual results differ materially from forecasts above due to changes in business results. For precautions for use of the assumptions for theabove forecasts and forecasts of business results, please refer to information in the section “1. Qualitative Information on Current Quarter Consolidated
Business Performance Etc. (3) Explanation about Future Estimate Information such as Consolidated Earnings Forecast” on page 2.

(Reference) Estimate of individual performance
Estimate of individual performance for the period ending March 2014 (From April 1, 2013 to March 31, 2014)(Percentage indications show increase or decrease from the previous period for total period and from the same quarter of the previous year for the 2nd quarter consolidated cumulative period.)

Sales amountSecond Quarter(cumulative)
Total period

Operating profit

Ordinary profit

Current net earnings per share

Current net profit

Million yen%

Million yen%

Million yen%

Million yen

57,000

3.3

1,000

334.2

1,000

241.1

500

―

11 .21

1,800

16.8

40 .34125,000

4.1

3,500

33.7

3,500

(Note) Presence or absence of revision from dividend forecast published most recently: None
(Reference)(1) Estimated amount of work order received [End of second quarter (Cumulative total)]: 60,000 Million yen(2) Estimated amount of work order received [full year]: 125,000 Million yen

11.6

%

Yen

Sen

DAI-DAN Co., Ltd. (1980), Brief Report on the First Quarter Financial Statements for the Period Ending March 2014

○ Contents of Information
1. Qualitative Information on Current Quarter Consolidated Business Performance Etc.................. 2(1) Explanation about Operating Results............................................................................................................... 2(2) Explanation about Financial Conditions .......................................................................................................... 2(3) Explanation about Future Estimate Information such as Consolidated Earnings Forecast.............................. 3

2. Items Concerning Summary Information (Annotation)................................................................ 3(1) Changes in Major Subsidiaries in the Current Quarter Consolidated Cumulative Period ............................... 3(2) Application of Particular Accounting to the Preparation of Quarter Consolidated Financial Statements ....... 3(3) Changes in Accounting Policies, Changes in Accounting Estimates, Revision Redisplay.............................. 3

3. Quarterly Consolidated Financial Statements .............................................................................. 4(1) Quarterly Consolidated Balance Sheet ............................................................................................................ 4(2) Quarterly Consolidated Profit and Loss Statement and Consolidated Comprehensive Income Statement ..... 6
Quarterly Consolidated Profit and Loss Statement
First Quarter Consolidated Cumulative Period ........................................................................................... 6
Quarterly Consolidated Comprehensive Income Statement
First Quarter Consolidated Cumulative Period ............................................................................................. 7(3) Annotation Items Concerning Quarterly Consolidated Financial Statements ....................................... 8(Notes to Going Concern Assumption) ............................................................................................................ 8(Notes in Case of Significant Changes in the Amount of Shareholders’ Equity) ............................................ 8

4. Supplementary Information......................................................................................................... 8
Divisional amount of work orders received, completed works, and works carried over (consolidated) ................. 8-1-

DAI-DAN Co., Ltd. (1980), Brief Report on the First Quarter Financial Statements for the Period Ending March 2014

1. Qualitative Information on Current Quarter Consolidated Business Performance Etc.
(1) Explanation about Operating Results
Japan’s economy in the current first quarter consolidated cumulative period showed a mild recovery withimprovement seen in corporate earnings including those of the manufacturing industry thanks to the weak yen andthe resulting export profitability improvement. On the other hand, unsteady state was also witnessed since May
with financial indexes ― stock prices and yen rates ― fluctuating violently and long-term interest rates
ascending and staying at high levels.
In the construction industry, recovery was slow and order taking environments stayed severe though corporate
earnings improved and private sector investment was bottoming out.
In these environments, the Company tackled with securing orders and profits according to the midterm
management plans “DAIDAN Challenging the New Age.” As a result, the following business results wereattained in the current first quarter consolidated cumulative period:
Amount of work orders received, despite the severe order taking environments, was 29,746 million yen (up 611
million yen from the same quarter consolidated cumulative period a year ago).
Despite the steady amount of work orders received, amount of completed works was 23,681 million yen (down
1,604 million yen from the same quarter consolidated cumulative period a year ago).
Because of the decrease in amount of completed works, completed work gross profit was 2,034 million yen (down
210 million yen from the same quarter consolidated cumulative period a year ago).
Because of the decrease in completed work gross profit, operating loss was 525 million yen (up 193 million yen
from the same quarter consolidated cumulative period a year ago).
Because of the increase in operating loss, ordinary loss was 298 million yen (up 8 million yen from the samequarter consolidated cumulative period a year ago) though the 83 million yen loss on foreign exchange that
occurred in the same quarter consolidated cumulative period a year ago turned into an 80 million yen gain on
foreign exchange in the current first quarter consolidated cumulative period.
Since the evaliation loss on investments in securities was trifling occurrence in the current first quarter
consolidated cumulative period despite the increase in ordinary loss, whereas that loss had been 210 million yen
in the same quarter consolidated cumulative period a year ago, quarterly net loss was 256 million yen (down 170
million yen from the same quarter consolidated cumulative period a year ago) after deduction for corporate tax,
resident tax, business tax, adjustment amounts such as for corporate tax and minority interest in income.
(2) Explanation about Financial Conditions(Assets)
Current assets at the end of the current first quarter consolidated accounting period were 76,804 million yen(down 5,776 million yen from the end of the last consolidated accounting year) mainly because the decrease(7,979 million yen) in notes receivable and completed work accounts receivable exceeded the increase (1,821
million yen) in cash on hand and in bank. Fixed assets were 24,731 million yen (up 1,157 million yen from theend of the last consolidated accounting year) mainly because of investment securities increase (1,057 million yen)etc.
As a result, total assets were 101,536 million yen (down 4,618 million yen from the end of the last consolidated
accounting year).
(Liabilities)
Current liabilities at the end of the current first quarter consolidated accounting period were 51,488 million yen(down 4,917 million yen from the end of the last consolidated accounting year) mainly because the decrease(5,578 million yen) in notes payable and work accounts payable, decrease (532 million yen) in short-term loans
payable, decrease (745 million yen) in corporate tax etc. payable exceeded the increase (1,683 million yen) in
incompleted work accounts received. Fixed liabilities were 5,096 million yen (up 335 million yen from the end of
the last consolidated accounting year) mainly because the increase (476 million yen) in deferred tax liabilities
exceeded the decrease (98 million yen) in long-term loans payable etc.
As a result, total liabilities were 56,584 million yen (down 4,582 million yen from the end of the lastconsolidated accounting year).
(Net Assets)
Total net assets at the end of the current first quarter consolidated accounting period were 44,951 million yen(slightly down from the end of the last consolidated accounting year) mainly because quarterly net loss posting(256 million yen), surplus distribution (490 million yen), etc. exceeded the increase (672 million yen) in
evaluation difference of other securities etc.
As a result, net worth ratio was 44.1% (vs. 42.3% at the end of the last consolidated accounting year).

-2-

DAI-DAN Co., Ltd. (1980), Brief Report on the First Quarter Financial Statements for the Period Ending March 2014

(3) Explanation about Future Estimate Information such as Consolidated Earnings Forecast
Business result forecast for the second quarter consolidated cumulative period and full period published on May
9, 2013 remains unchanged.

2. Items Concerning Summary Information (Annotations)(1) Changes in major subsidiaries in the current quarter consolidated cumulative period
No applicable items.
(2) Application of particular accounting to the preparation of quarter consolidated financial statements
No applicable items.
(3) Changes in accounting policies, changes in accounting estimates, revision redisplay
No applicable items.

-3-

DAI-DAN Co., Ltd. (1980), Brief Report on the First Quarter Financial Statements for the Period Ending March 2014

3. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheet
Previous Consolidated
Accounting Year
(March 31, 2013)
AssetsCurrent assets
Cash on hand and in banks
Notes receivables, completed work accounts
receivables
Securities
Incomplete work expenditures
Inventories of raw materials and supplies
Deferred tax assets
OthersAllowance for bad debts
Total current assets
Fixed assets
Tangible fixed assets
Intangible fixed assets
Investments and other assets
Investment securities
Deferred tax assets
Prepaid pension costs
OthersAllowance for bad debts
Total investments and other assets
Total fixed assets
Total assets-4-(in million yen)
Current First Quarter
Consolidated Accounting Period(June 30, 2013)

22,44756,32424,26948,345

49
314
0
1,003
2,446
-6
82,581

49
636
0
1,175
2,333
-5
76,804

3,970
417

3,932
365

11,007
2
6,587
2,222
-632
19,18623,574
106,155

12,064
2
6,756
2,261
-651
20,43324,731
101,536

DAI-DAN Co., Ltd. (1980), Brief Report on the First Quarter Financial Statements for the Period Ending March 2014

Previous Consolidated
Accounting Year
(March 31, 2013)
Liabilities
Current liabilities
Notes payable, work accounts payable
Short-term loans payable
Corporate tax, etc. payable
Incomplete work accounts received
Reserves for bonuses
Reserves for directors’ premiums
Reserves for completed work compensation
Reserves for work loss
OthersTotal current liabilities
Fixed liabilities
Long-term loans payable
Deferred tax liabilities
Reserves for retirement benefits
Reserves for environmental measure
Reserves for overseas investment loss
Long-term accounts payable
OthersTotal fixed liabilities
Total liabilities
Net Assets
Shareholders’ equity
Capital stock
Capital surplus
Earned surplus
Treasury stock
Total shareholders’ equity
Accumulated other comprehensive profit
Evaluation difference of other securities
Currency translation adjustment accountTotal accumulated other comprehensive profit
Minority interest equity
Total net assets
Total liabilities and net assets-5-(in million yen)
Current First Quarter Consolidated
Accounting Period(June 30, 2013)

39,979
6,251
788
2,435
−
−
100
391
6,458
56,40534,401
5,719
43
4,118
652
19
83
357
6,091
51,488

1,378
1,455
1,328
220
2
376
0
4,761
61,167

1,280
1,931
1,286
220
1
376
0
5,096
56,5844,479
4,809
33,774-660
42,4034,479
4,809
33,027-663
41,653

2,412
40
2,453

3,085
57
3,142

131
44,988154
44,951

106,155

101,536

DAI-DAN Co., Ltd. (1980), Brief Report on the First Quarter Financial Statements for the Period Ending March 2014

(2) Quarterly Consolidated Profit and Loss Statement and Consolidated Comprehensive Income
Statement(Quarterly Consolidated Profit and Loss Statement)(First Quarter Consolidated Cumulative Period)

Completed work amountCompleted work costCompleted work gross profit
Selling expenses and general administrative expenses
Operating loss (-)
Non-operating income
Interests received
Dividends received
Insurance claim received
Gain on foreign exchange
OthersTotal non-operating income
Non-operating expenses
Interest payable
Payment guarantee charge
Loss on foreign exchange
OthersTotal non-operating expenses
Ordinary loss (-)
Special losses
Loss on retirement of fixed assets
Evaluation loss on investments in securities
Golf club membership appraisal loss
Total special losses
Quarterly net loss before income taxes (-)
Corporate tax, residence tax and business tax
Adjustment amounts such as for corporate taxes
Total corporate tax, etc.
Quarterly net loss before adjustment of profit and lossof minority interests (-)
Minority interests in income
Quarterly net loss (-)

Previous First Quarter
Consolidated Cumulative Period(From April 1, 2012 toJune 30, 2012)
25,28523,040
2,245
2,577
-331
3
86
76
−
11
177

2
97
82
80
12
276

38
6
83
7
136
-290

36
4
−
7
49
-298

10
-426

5
-256

6
210
1
218
-508
29
-121
-91
-416

-6-

(in million yen)
Current First Quarter
Consolidated Cumulative Period(From April 1, 2013 toJune 30, 2013)
23,681
21,646
2,034
2,560
-525

0
0
−
1
-300
24
-73
-49
-251

DAI-DAN Co., Ltd. (1980), Brief Report on the First Quarter Financial Statements for the Period Ending March 2014

(Quarterly Consolidated Comprehensive Income Statement)(First Quarter Consolidated Cumulative Period)

Loss before minority interests (-)
Other comprehensive profit
Evaluation difference of other securities
Currency translation adjustment accountTotal other comprehensive profit
Quarterly comprehensive profit(Particulars)
Quarterly comprehensive profit pertaining toparent company shareholders
Quarterly Comprehensive profit pertaining tominority shareholders

Previous First Quarter
Consolidated Cumulative Period(From April 1, 2012 toJune 30, 2012)
-416
-38
13
-25
-441

-458
17

-7-

(in million yen)
Current First Quarter
Consolidated Cumulative Period(From April 1, 2013 toJune 30, 2013)
-251
672
34
707
456
433
22

DAI-DAN Co., Ltd. (1980), Brief Report on the First Quarter Financial Statements for the Period Ending March 2014

(3) Annotation Items Concerning Quarterly Consolidated Financial Statements(Notes to Going Concern Assumption)
None(Notes in Case of Significant Changes in the Amount of Shareholders’ Equity)
None

4. Supplementary Information
Divisional amount of work orders received, completed works, and works carried over (consolidated)(in million yen)Previous First Quarter
Consolidated Cumulative
PeriodCurrent First Quarter
Consolidated Cumulative
PeriodPrevious Consolidated
Accounting Year

(From April 1, 2012
to June 30, 2012)(From April 1, 2013
to June 30, 2013)(From April 1, 2012 toMarch 31, 2013)

Amount of works carriedoverAmount of completed
works

Amount of work orders
received

AmountComponent
ratio %

AmountComponent
ratio %

AmountComponent
ratio %

Electrical work

6,106

21.0

5,044

17.0

24,171

20.1

Air-conditioning work

16,58356.9

19,19764.5

71,23059.4

Plumbing/sanitation

6,443

22.1

5,505

18.5

24,578

20.5

Total

29,134100.0

29,746100.0

119,980

100.0（Renewal work）

14,39449.4

18,501

62.2

58,517

48.8（Overseas work）

2,828

9.7

2,640

8.9

5,599

4.7

Electrical work

5,367

21.2

5,535

23.4

24,64920.2

Air-conditioning work

15,30960.6

12,954

54.7

71,194

58.4

Plumbing/sanitation

4,609

18.2

5,191

21.9

26,075

21.4

Total

25,285100.0

23,681

100.0

121,919

100.0（Renewal work）

13,55753.6

11,022

46.6

63,35052.0（Overseas work）

2,067

8.2

670

2.8

6,552

5.4

Electrical work

12,307

14.4

10,59812.4

11,08913.9Air-conditioning work

49,016

57.3

54,02062.9

47,777

59.9

Plumbing/sanitation

24,231

28.3

21,21424.7

20,900

26.2

Total

85,555100.0

85,833100.0

79,767100.0（Renewal work）

26,03330.4

27,841

32.4

20,362

25.5（Overseas work）

5,418

6.3

5,674

6.6

3,704

4.6

-8-