Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Six Months Ended September 30, 2022
(Based on Japanese GAAP)
November 8, 2022
Company name:
DAISUE CONSTRUCTION CO., LTD.
Stock exchange listing: Tokyo
Stock code:
Representative:

1814
URL https://www.daisue.co.jp/
President & Representative Director
Kazunori Murao

Inquiries:

General Manager of General Affairs
Department

Yasumi Iwata

TEL

Scheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:

November 8, 2022
December 1, 2022

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:

Yes
Yes

06-6121-7121(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the six months ended September 30, 2022 (from April 1, 2022 to September 30, 2022)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Six months ended September 30, 2022
38,81818.7
931 (17.1)
957 (15.1)
674 (12.6)
Six months ended September 30, 2021
32,713
19.8
1,124
13.2
1,128
12.2
772(3.8)
Earnings per share

Diluted earnings per share

Yen
64.56
73.68

Six months ended September 30, 2022
Six months ended September 30, 2021

Yen––(2) Consolidated financial position
Total assetsNet assets

Millions of yen
49,672
48,662As of September 30, 2022
As of March 31, 2022

Equity ratio

Millions of yen
20,938
20,629

%
42.2
42.4

2. Cash dividends
Annual dividends per share

Year ended March 31, 2022
Year ending March 31, 2023

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
20.00
30.00

Yen–

Yen
40.00

Yen
60.00

–

30.00

60.00

Year ending March 31, 2023 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)
Net sales
Full year

Millions of yen
70,900Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
Earnings per shareowners of parent% Millions of yen% Millions of yen% Millions of yen%
Yen
1.8
1,500 (44.6)
1,540 (43.2)
1,020 (43.8)
97.57

1

4. Notes(1) Changes in significant subsidiaries during the six months ended September 30, 2022
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

No(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:

No
No

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2022

10,614,225 shares As of March 31, 2022

10,614,225 shares

Number of treasury shares at the end of the period
As of September 30, 2022

134,195 shares As of March 31, 2022

132,019 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2022

10,453,685 shares Six months ended September 30, 2021

2

10,486,770 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2022

As of September 30, 2022

AssetsCurrent assets
Cash and deposits
Notes receivable, accounts receivable from completed

7,520

4,948

29,30436,6204,589

778

Real estate for sale
Costs on construction contracts in progress

506
970

506
790

Other
Allowance for doubtful accounts

294(9)

510(3)

43,17644,151

952
708

952
681

construction contracts, and contract assets
Electronically recorded monetary claims - operating

Total current assets
Non-current assets
Property, plant and equipment
Land
Other, net

1,661

1,634

Intangible assets
Investments and other assets

Total property, plant and equipment

134

150

Investment securities
Other

1,836
1,853

1,9161,819

Allowance for doubtful accounts

(0)

(0)

Total investments and other assets

3,689

3,736

Total non-current assets

5,485

5,521

48,662

49,672

9,186
11,144

9,347
11,812

100
176

100
131

660
1,853

309
2,297

689
285

890
303

Provision for loss on construction contracts
Other332
1,364

87
1,240

Total current liabilities

25,792

26,521

Total assets
Liabilities
Current liabilities
Accounts payable for construction contracts
Electronically recorded obligations - operating
Short-term borrowings
Current portion of long-term borrowings
Income taxes payable
Advances received on construction contracts in progress
Provision for warranties for completed construction
Provision for bonuses

Non-current liabilities
Long-term borrowings

102

41

Retirement benefit liability
Other

2,115
21

2,125
45

Total non-current liabilities

2,240

2,212

28,032

28,733

Total liabilities

3

(Millions of yen)
As of March 31, 2022

As of September 30, 2022

Net assets
Shareholders' equity
Share capital

4,324

4,324

Capital surplus
Retained earnings

415,995

35
16,250Treasury shares

(108)

(142)

20,215

20,468Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans464(51)

519(49)

Total accumulated other comprehensive income

413

470

20,62920,93848,662

49,672

Total shareholders' equity
Accumulated other comprehensive income

Total net assets
Total liabilities and net assets

4Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)Six months ended

Six months ended

September 30, 2021

September 30, 2022

Net sales
Net sales of completed construction contracts

32,29038,422

Net sales in real estate business and other

422

395

32,71338,818

Cost of sales of completed construction contracts
Cost of sales in real estate business and other

29,626313

35,852298

Total cost of sales

29,94036,150

2,663

2,570

Total net sales
Cost of sales

Gross profit
Gross profit on completed construction contracts
Gross profit on real estate business and other

108

96

2,772

2,667

Selling, general and administrative expenses

1,648

1,735

Operating profit

1,124931

Non-operating income
Interest income

43Dividend income
Other

22
438
2

Total non-operating income

30

44

Total gross profit

Non-operating expenses
Interest expenses

2

1Commission expenses
Other

21
3

15
1

Total non-operating expenses

26

18

Ordinary profit

1,128

957

Profit before income taxes

1,128

957

Income taxes - current

483

235

Income taxes - deferred

(128)

47

Total income taxes

355

282

Profit772

674

Profit attributable to non-controlling interests
Profit attributable to owners of parent

5––

772

674

Consolidated statements of comprehensive income (cumulative)(Millions of yen)

ProfitOther comprehensive income

Six months ended

Six months ended

September 30, 2021

September 30, 2022
772

674

Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans, net of tax

75
354
1

Total other comprehensive income

7956

851

731

851

731

––

Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests6