Brief Report on the Third Quarter Financial Statements for the Period Ending March 2021
[Japanese Standard] (Consolidated)
February 9, 2021

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

Stock Exchange Listing:Tokyo Stock Exchange 1st section

Code No.: 1980 URL: https://www.daidan.co.jp/
Representative of Company: Ichiro Fujisawa, Representative Director, President
Inquiries to be addressed to: Yasuo Kamei, Director, Executive Corporate Officer,
Head of General Administration
Date scheduled to submit Quarterly report:
February 9, 2021
Creating supplements to the financial statement:
Yes
Holding a briefing session on the financial statement:
No

Tel. (06) 6447 - 8003

(Amounts are indicated with figures less than 1 million yen discarded)

1. Consolidated business results for the Third quarter of the period ending March 2021 (From April 1, 2020 to December 31, 2020)(Percentage indications show increase or decrease from the previous period.)(1) Consolidated management performance (Cumulative total)
Profit attributable to
Net sales
Operating profit
Ordinary profit
owners of parent
Million yen%
Million yen%
Million yen%
Third quarter of the
111,099
(9.0)
7,205
2.0
7,593
3.6
period ending March 2021
Third quarter of the122,050
10.2
7,066
30.7
7,331
27.4
period ending March 2020
(Note)
Comprehensive income Third quarter of the period ending March 2021 6,745 Million yen 8.0%
Third quarter of the period ending March 2020 6,248 Million yen (302.2%)

Profit per share

%

5,190

4.5

4,968

31.6

Diluted Profit per share

Yen SenYen Sen239.41―225.63―

Third quarter of theperiod ending March 2021
Third quarter of theperiod ending March 2020

Million yen(2) Consolidated financial position
Total assets

Net assets

Million yen

Equity capital ratio

Million yen

Third quarter of the121,280
72,128
period ending March 2021
Period ending March 2020
123,049
67,409(Reference) Equity capital
Third quarter of the period ending March 2021 71,932 Million yen
Period ending March 2020 67,200 Million yen

Net assets per share%

Yen Sen59.3

3,316.70

54.6

3,101.72

2. Dividends
End of first quarter

Annual dividends per share
End of Third quarter End of third quarter

Yen Sen――Yen Sen
40.00
45.00

Period ending March 2020
Period ending March 2021
Period ending March 2021
(Forecast)(Note)
Presence of revision from dividend forecast published most recently: None

Period end

Through year

Yen Sen―Yen Sen50.00

Yen Sen
90.00

―

45.00

90.00

3. Estimate of consolidated performance for the period ending March 2021 (From April 1, 2020 to March 31, 2021)(Percentage indications show increase or decrease from the previous period.)

Net sales
Mil. yen(Reference)(Note)

Ordinary profit

Mil. yenMil. yen%

Profit attributable toowners of parent%

Mil. yen%

156,000
(7.8)
8,500
(6.2)
8,700
(6.3)
Estimated net sales of construction contract orders (Total period) 168,000 Million yen
Presence of revision from estimate of performance published most recently: None

6,000

(6.2)

Total period%

Operating profit

Profit per share
Yen

Sen
276.65

* Annotations(1) Changes in key subsidiaries in the current quarter consolidated cumulative period (changes in specific subsidiaries requiringchanges of consolidation scope): None
(2) Application of particular accounting to the preparation of quarter consolidated financial statements: None
(3) Changes in accounting policies, changes in accounting estimates, restatement
Changes in accounting policies due to revision of accounting standards, etc.: None
Changes in accounting policies other than : None
Changes in accounting estimates: None
Restatement: None
(4) Number of issued shares (common stock)
Number of issued shares at the end of
period (including treasury shares)
Number of treasury shares at the end of
periodAverage number of shares in the period(quarter total)

Third quarter of
period ending
March 2021
Third quarter of
period ending
March 2021
Third quarter of
period ending
March 2021

22,981,901 shares

Period ending
March 2020

22,981,901 shares

1,294,062 shares

Period ending
March 2020

1,316,396 shares

Third quarter of
21,680,333 shares period ending
March 2020

22,020,017 shares(Note) The number of treasury shares at the end of the period includes the Company's shares held in the BIP Trust for Directors (150,000
shares for the period ending March 2020, 127,543 shares for the Third quarter of period ending March 2021). In addition, theCompany's shares held in the BIP Trust for Directors (150,000 shares for the Third quarter of period ending March 2020, 135,163
shares for the Third quarter of period ending March 2021) are also included in treasury shares, which is deducted in the calculation of
the average number of shares outstanding during the period.

* Brief report on quarterly financial statements is beyond the object of audit by CPA or an audit corporation.
* 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 the above forecasts and forecasts of business results, please refer to the Section “1. Qualitative Information
on Current Quarter Business Settlement, (3) Explanation on Future Estimate Information such as Estimate of Consolidated
Performance” on page 2.

(Reference) Estimate of individual performance
Estimate of individual performance for the period ending March 2021 (From April 1, 2020 to March 31, 2021)(Percentage indications show increase or decrease from the previous period.)

Net sales
Mil. yen(Reference)(Note)

Ordinary profit

Mil. yenMil. Yen%

ProfitProfit per share%

Mil. yen%

Yen Sen155,000
(7.3)
8,500
(5.2)
8,700
(5.3)
Estimated net sales of construction contract orders (Total period) 167,000 Million yen
Presence of revision from estimate of performance published most recently: None

6,000

(5.4)

276.65

Total period%

Operating profit

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2021

Contents of Information
1. Qualitative Information on Current Quarter Business Settlement ...........................................................................2(1) Explanation on Operating Results......................................................................................................................2(2) Explanation on Financial Conditions .................................................................................................................2(3) Explanation on Future Estimate Information such as Estimate of Consolidated Performance ..........................2
2. Consolidated Financial Statements and Major Notes ..............................................................................................3(1) Consolidated Balance Sheets .............................................................................................................................3(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income ........................5(Consolidated Statements of Income)(Third Quarter Consolidated Cumulative Period)............................................................................................5(Consolidated Statements of Comprehensive Income)(Third Quarter Consolidated Cumulative Period)............................................................................................6(3) Annotation Items Concerning Quarterly Consolidated Financial Statements ....................................................7(Notes to Going Concern Assumption)............................................................................................................7(Notes in Case of Significant Changes in the Amount of Shareholders’ Equity) ............................................7
3. Supplementary Information .....................................................................................................................................7
Divisional net sales of construction contract orders received, completed construction contracts, anduncompleted construction contracts (consolidated) ................................................................................................71

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2021

1. Qualitative Information on Current Quarter Business Settlement(1) Explanation on Operating Results
Net sales of construction contract orders received in the current Third quarter consolidated cumulative
period decreased by 13,383 million yen or 9.8% from the same quarter consolidated cumulative period of
the previous year, resulting in 122,561 million yen.
Net sales of completed construction contracts decreased by 10,951 million yen or 9.0% from the samequarter consolidated cumulative period of the previous year, resulting in 111,099 million yen.
Gross profit on completed construction contracts increased by 679 million yen or 4.3% from the samequarter consolidated cumulative period of the previous year, resulting in 16,401 million yen.
Operating profit increased by 138 million yen or 2.0% from the same quarter consolidated cumulative periodof the previous year, resulting in 7,205 million yen, due to the increase in the gross profit on completed
construction contracts.
Ordinary profit increased by 261 million yen or 3.6% from the same quarter consolidated cumulative periodof the previous year, resulting in 7,593 million yen, due to the increase in the operating profit, and that
foreign exchange losses of 47 million yen that occurred in the previous Third quarter consolidated
accounting period turned to foreign exchange gains of 35 million yen in the current Third quarter
consolidated accounting period.
Profit attributable to owners of parent increased by 222 million yen or 4.5% from the same quarter
consolidated cumulative period of the previous year, resulting in 5,190 million yen, after posting the gain on
sales of investment securities of 42 million yen as an extraordinary income and the loss on valuation of
investment securities of 11 million yen as an extraordinary loss, as well as deducting the income tax current, income taxes - deferred, and the profit attributable to non-controlling interests.
(2) Explanation on Financial Conditions(Assets)
Current assets at the end of the current Third quarter consolidated accounting period decreased by 4,017
million yen or 4.3% from the end of the previous consolidated accounting year, resulting in 90,097 million
yen. The main factor for this is that the increase of 7,294 million yen or 33.7% in cash and deposits was
below the decrease of 12,033 million yen or 20.4% in notes receivable and accounts receivable fromcompleted construction contracts. Non-current assets increased by 2,247 million yen or 7.8% from the endof the previous consolidated accounting year, resulting in 31,182 million yen. The main factor for this is theincrease of 2,300 million yen or 15.9% in investment securities.
As a result, total assets decreased by 1,769 million yen or 1.4% from the end of the previous consolidated
accounting year, resulting in 121,280 million yen.
(Liabilities)
Current liabilities at the end of the current Third quarter consolidated accounting period decreased by 7,132
million yen or 13.8% from the end of the previous consolidated accounting year, resulting in 44,496 million
yen. The main factor for this is the decrease of 5,022 million yen or 24.3% in notes payable and accounts
payable for construction contracts. Non-current liabilities increased by 645 million yen or 16.1% from theend of the previous consolidated accounting year, resulting in 4,655 million yen. The main factor for this isthat the increase of 1,620 million yen or 215.4% in deferred tax liabilities surpassed the decrease of 982
million yen or 50.4% in long-term borrowings.
As a result, total liabilities decreased by 6,487 million yen or 11.7% from the end of the previous
consolidated accounting year, resulting in 49,152 million yen.
(Net Assets)
Total net assets at the end of the current Third quarter consolidated accounting period increased by 4,718
million yen or 7.0% from the end of the previous consolidated accounting year, resulting in 72,128 million
yen. The main factor for this is the increase of 3,117 million yen or 5.6% in retained earnings.
As a result, the equity capital ratio resulted in 59.3% (54.6% at the end of the previous consolidated
accounting year).
(3) Explanation on Future Estimate Information such as Estimate of Consolidated Performance
There is no change in the estimate of performance for a full accounting year published on November 6,
2020.
2

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2021

2. Consolidated Financial Statements and Major Notes(1) Consolidated Balance Sheets(Millions of yen)Previous Consolidated
Accounting Year(As of March 31, 2020)
AssetsCurrent assets
Cash and deposits
Notes receivable, accounts receivable fromcompleted construction contracts
Electronically recorded monetary claims - operating
Costs on construction contracts in progress
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Retirement benefit asset
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

3

Current Third Quarter
Consolidated Accounting
Period(As of December 31, 2020)

21,64328,93859,07147,038

10,817
455
2,134
(8)
94,114

10,923
1,941
1,264
(8)
90,097

5,136
335

5,135
268

14,443
7,632
1,558
(170)
23,46228,934
123,049

16,743
7,651
1,554
(170)
25,77831,182
121,280

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2021

(Millions of yen)Previous Consolidated
Accounting Year(As of March 31, 2020)
Liabilities
Current liabilities
Notes payable, accounts payable for construction
contracts
Electronically recorded obligations - operating
Short-term borrowings
Income taxes payable
Advances received on construction contracts inprogress
Provision for bonuses
Provision for directors' bonuses
Provision for share-based remuneration
Provision for warranties for completed construction
Provision for loss on construction contracts
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Deferred tax liabilities
Net defined benefit liability
Provision for foreign investment loss
Long-term accounts payable
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

4

Current Third Quarter
Consolidated Accounting
Period(As of December 31, 2020)

20,66815,646

10,721
3,735
2,119

9,740
4,537
114

1,027

2,424

－
－
35
85
644
12,591
51,629

2,088
20
26
91
356
9,448
44,496

1,947
752
1,291
7
5
5
4,010
55,639

965
2,373
1,287
6
5
17
4,655
49,152

4,479
4,837
55,857(2,336)
62,837

4,479
4,837
58,975(2,291)
66,000

5,134
33
(804)
4,362
209
67,409123,049

6,687
16
(773)
5,931
196
72,128121,280

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2021

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income(Consolidated Statements of Income)(Third Quarter Consolidated Cumulative Period)(Millions of yen)

Net sales of completed construction contracts
Cost of sales of completed construction contracts
Gross profit on completed construction contracts
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Insurance fee income
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Guarantee commission
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of investment securities
Gain on liquidation of subsidiaries and associates
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on sales of investment securities
Loss on valuation of investment securities
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

5

Previous Third Quarter
Consolidated Cumulative
Period(From April 1, 2019
to December 31, 2019)
122,050
106,329
15,721
8,654
7,066

Current Third Quarter
Consolidated Cumulative
Period(From April 1, 2020
to December 31, 2020)
111,099
94,697
16,401
9,195
7,205

5
306
90
－
27
430

3
289
131
35
31
492

94
4
47
19
165
7,331

90
1
－
12
104
7,593

119
70
190

42
－

73
51
53
178
7,343
1,561
797
2,358
4,984
16
4,968

1
8
11
21
7,614
1,500
921
2,421
5,193
3
5,190

42

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2021

(Consolidated Statements of Comprehensive Income)(Third Quarter Consolidated Cumulative Period)(Millions of yen)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

6

Previous Third Quarter
Consolidated Cumulative
Period(From April 1, 2019
to December 31, 2019)
4,984

Current Third Quarter
Consolidated Cumulative
Period(From April 1, 2020
to December 31, 2020)
5,193

1,300
12
(49)
1,263
6,248

1,553
(33)
31
1,551
6,745

6,225

6,759

22

(13)

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2021

(4) 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

3. Supplementary Information
Divisional net sales of construction contract orders received, completed construction contracts, and uncompleted
construction contracts (consolidated)(Millions of yen)

Net sales of uncompleted
construction contracts

Net sales of completed
construction contracts

Net sales of construction
contract orders received

Previous Third Quarter
Consolidated Cumulative
Period(From April 1, 2019
to December 31, 2019)
Component
Amountratio %

Current Third Quarter
Consolidated Cumulative
Period(From April 1, 2020
to December 31, 2020)
Component
Amountratio %

Increase(decrease)

AmountRatio %

Electrical installations

22,371

16.4

20,16516.4(2,206)(9.9)

Air conditioning
installations

83,984

61.8

71,661

58.5(12,323)(14.7)

Plumbing installations

29,58821.8

30,735

25.1

1,146

3.9

Total

135,944100.0

122,561

100.0(13,383)(9.8)(Industrial facilities)

42,552

31.3

31,27725.5(11,274)(26.4)(Renovations)

66,67449.0

58,17947.5(8,494)(12.7)(Overseas operations)

9,711

7.1

6,743

5.5

(2,967)(30.6)

Electrical installations

18,45715.1

16,64615.0(1,811)(9.8)

Air conditioning
installations

74,56061.1

67,782

61.0(6,778)(9.1)

Plumbing installations

29,031

23.8

26,67024.0(2,361)

(8.1)

Total

122,050100.0

111,099

100.0(10,951)(9.0)(Industrial facilities)

37,70330.9

40,287

36.3

2,583

6.9

(Renovations)

59,14848.5

52,98947.7(6,159)(10.4)(Overseas operations)

4,953

4.1

4,100

3.7

(853)

(17.2)

Electrical installations

19,382

14.1

23,032

17.0

3,650

18.8

Air conditioning
installations

86,925

63.4

81,46460.0(5,461)(6.3)

Plumbing installations

30,92222.5

31,194

23.0

272

0.9

Total

137,230100.0

135,691

100.0(1,539)(1.1)(Industrial facilities)

41,91630.5

31,92423.5(9,991)(23.8)(Renovations)

39,75929.0

38,15628.1(1,603)(4.0)(Overseas operations)

9,760

7.1

11,195

8.3

1,434

14.7

7