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 Nine Months Ended December 31, 2023
(Based on Japanese GAAP)
February 7, 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

TEL

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

February 7, 2024–

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

06-6121-7121(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended December 31, 2023 (from April 1, 2023 to December 31, 2023)(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%
Nine months ended December 31, 2023
56,7552.9496 (64.7)
563 (61.5)
475 (52.6)
Nine months ended December 31, 2022
55,1798.2
1,404 (28.5)
1,462 (26.0)
1,003 (25.6)
Earnings per share

Diluted earnings per share

Yen
45.41
95.90

Nine months ended December 31, 2023
Nine months ended December 31, 2022

Yen
45.37–(2) Consolidated financial position
Total assets

Net assets

Millions of yen
56,08945,625

As of December 31, 2023
As of March 31, 2023

Equity ratio

Millions of yen
21,37821,536

%
38.1
47.2

2. Cash dividends
Annual dividends per share

Year ended March 31, 2023
Year ending March 31, 2024

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
30.00
35.00

Yen––

Yen
34.00

Yen
64.00

35.00

70.00

Year ending March 31, 2024 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)
Net sales
Full year

Millions of yen
76,000Percentages 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
5.8
1,030 (45.4)
1,080 (44.3)
860 (34.9)
82.09

1

4. Notes(1) Changes in significant subsidiaries during the nine months ended December 31, 2023
(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 December 31, 2023

10,614,225 shares As of March 31, 2023

10,614,225 shares

Number of treasury shares at the end of the period
As of December 31, 2023

141,142 shares As of March 31, 2023

137,131 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2023

10,475,223 shares Nine months ended December 31, 2022

210,461,383 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2023

As of December 31, 2023

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

10,186

11,21025,46434,547

1,936

291

506
1,068

23
579

365
(3)

310
(2)

39,523

46,961Land
Other, net

1,205
866

1,411
962

Total property, plant and equipment

2,072

2,373

construction contracts, and contract assets
Electronically recorded monetary claims - operating
Real estate for sale
Costs on construction contracts in progress
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment

Intangible assets
Goodwill–

2,561

Other

265

622

Total intangible assets

265

3,183

2,1661,598

2,191
1,379

Allowance for doubtful accounts(0)(0)

Total investments and other assets

3,764

3,570

6,101

9,127

45,62556,089

8,205
9,663

10,294
15,199

100
83

1,000
380

79
1,461

135
760

743
283

787
87

Provision for loss on construction contracts
Other

107
1,255

–
826

Total current liabilities

21,982

29,471

Non-current liabilities
Long-term borrowings

19

3,093

2,015
41

2,024
77

29

43

Investments and other assets
Investment securities
Other

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

Retirement benefit liability
Provision for share awards
Other
Total non-current liabilities
Total liabilities

3

2,105

5,239

24,08834,710(Millions of yen)
As of March 31, 2023

As of December 31, 2023

Net assets
Shareholders' equity
Share capital

4,324

4,324

Capital surplus
Retained earnings

35
16,58235
16,335

Treasury shares

(143)

(146)

20,79820,548Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans

782
(45)

859
(34)

Total accumulated other comprehensive income

737

824

–

5

21,536

21,37845,62556,089Total 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)
Nine months ended

Nine months ended

December 31, 2022

December 31, 2023

Net sales
Net sales of completed construction contracts

54,59055,596

Net sales in real estate business and other

589

1,158

55,17956,755

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

50,692447

52,890446

Total cost of sales

51,13953,337

3,898

2,706

Total net sales
Cost of sales

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

142

711

4,0403,417

Selling, general and administrative expenses

2,636

2,921

Operating profit

1,404

496

Non-operating income
Interest income

51

Dividend income
Other

73
787
23

Total non-operating income

86112

Total gross profit

Non-operating expenses
Interest expenses

13

Commission expenses
Other

23
331
9

Total non-operating expenses

2845

1,462563

Gain on sale of non-current assets
Gain on sale of investment securities

––

2299

Total extraordinary income–302

Loss on sale of non-current assets–

0

Total extraordinary losses–0Profit before income taxes

1,462

865

Income taxes - current
Income taxes - deferred308
150

247
142

Total income taxes

459

389

1,003

475

––

1,003

475

Ordinary profit
Extraordinary income

Extraordinary losses

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

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

ProfitOther comprehensive income

Nine months ended

Nine months ended

December 31, 2022

December 31, 2023

1,003

475

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

187
376
10

Total other comprehensive income

191

86

1,194562

1,194562––

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

6