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 Three Months Ended June 30, 2024
(Based on Japanese GAAP)
August 6, 2024
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

Scheduled date to commence dividend payments:
Preparation of supplementary material on financial results:–No

Holding of financial results meeting:

NoTEL

06-6121-7121(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2024 (from April 1, 2024 to June 30, 2024)(1) Consolidated operating results (cumulative)
Net sales
Three months ended June 30, 2024
Three months ended June 30, 2023

Millions of yen
19,901
17,353

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen%
14.7
520
89.7
557
74.5
379
86.5
(7.6)
274
20.3
319
28.7
203
9.9

Earnings per share

Diluted earnings per share

Yen
36.51
19.44

Three months ended June 30, 2024
Three months ended June 30, 2023

Yen
36.51
–(2) Consolidated financial position
Total assets
As of June 30, 2024
As of March 31, 2024

Net assets

Millions of yen
58,952
59,107

Equity ratio

Millions of yen
22,79722,551%38.738.2

2. Cash dividends
Annual dividends per share

Year ended March 31, 2024
Year ending March 31, 2025

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
35.00

Yen–

Yen
35.00

Yen
70.00

44.50

–

44.50

89.00

Year ending March 31, 2025 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2025 (from April 1, 2024 to March 31, 2025)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
Earnings per shareowners of parentMillions of yen% Millions of yen% Millions of yen% Millions of yen%Yen
Six months ending
39,2008.1
790 237.8
800 195.8
510
84.1
49.21
September 30, 2024
Full year
83,900
7.8
2,600
63.5
2,580
61.0
1,700
37.6
164.051

4. Notes(1) Significant changes in the scope of consolidation during the three months ended June 30, 2024:

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:
Yes
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

NoNo

Restatement of prior period financial statements:

No(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2024

10,614,225 shares As of March 31, 2024

10,614,225 shares

Number of treasury shares at the end of the period
As of June 30, 2024

163,105 shares As of March 31, 2024

320,978 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2024

10,401,133 shares Three months ended June 30, 2023

210,476,589 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2024
AssetsCurrent assets
Cash and deposits
Notes receivable, accounts receivable from completed
construction contracts, and contract assets
Electronically recorded monetary claims - operating
Real estate for sale
Costs on construction contracts in progress
OtherAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
LandOther, net
Total property, plant and equipment
Intangible assets
Goodwill
Technology asset
Other
Total intangible assets
Investments and other assets
Investment securities
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
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
Provision for loss on construction contracts
Provision for share awards
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Retirement benefit liability
Deferred tax liabilities
Provision for share awards
Other
Total non-current liabilities
Total liabilities

3

As of June 30, 2024

8,775

13,21736,21733,081

2,464
23771
406
(2)
48,655

983
23874
431
(1)
48,609

1,411
1,178
2,589

1,411
1,171
2,582

1,251
1,901
717
3,870

1,218
1,851
686
3,756

2,728
1,263
(0)
3,991
10,451
59,1072,723
1,280(0)4,004
10,343
58,952

10,147
16,276
1,300
369
378
639
479
325
0–
932
30,848

9,506
16,161
200
359
287
1,925
538
569
–
99
1,101
30,750

3,004
1,974
594
89
44
5,707
36,556

2,916
1,922
519
–
46
5,404
36,155

(Millions of yen)
As of March 31, 2024

As of June 30, 2024

Net assets
Shareholders' equity
Share capital

4,324

4,324

Capital surplus
Retained earnings

241
17,095292
17,114

Treasury shares

(366)

(186)

21,295

21,545

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

1,163
91

1,159
92

Total accumulated other comprehensive income

1,255

1,252

0–

22,551

22,797

59,107

58,952

Total shareholders' equity
Accumulated other comprehensive income

Share acquisition rights
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)Three months ended

Three months ended

June 30, 2023

June 30, 2024

Net sales
Net sales of completed construction contracts

16,608

19,695Net sales in real estate business and other744

206

17,353

19,901

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

15,939145

17,992
166

Total cost of sales

16,084

18,158669

1,703

Total net sales
Cost of sales

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

599

40

1,268

1,743

Selling, general and administrative expenses

994

1,223

Operating profit

274

520

Non-operating income
Interest income

00

Dividend income
Other

49
652
3

Total non-operating income

57

56

Total gross profit

Non-operating expenses
Interest expenses

08

Commission expenses
Other

101

100

Total non-operating expenses

1219

Ordinary profit

319

557

Profit before income taxes

319

557

Income taxes - current

142

265

Income taxes - deferred

(26)

(88)

Total income taxes

115

177

Profit203

379

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

5––203379Consolidated statements of comprehensive income (cumulative)(Millions of yen)

ProfitOther comprehensive income

Three months ended

Three months ended

June 30, 2023

June 30, 2024
203

379

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

248
3(3)
1

Total other comprehensive income

252

(2)

456

377

456

377

––

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