Brief Report on the Third Quarter Financial Statements for the Period Ending March 2013
[Japanese Standard] (Consolidated)
February 7, 2013
Listed Shares Exchanges:
Tokyo Stock Exchange 1st section
Osaka Securities Exchange 1st section

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

Representative of Company: Nobukazu UEBAYASHI, 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: February 8, 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 third quarter of the period ending March 2013 (From April 1, 2012 to December 31, 2012)(1) Consolidated management performance (Cumulative total)(Percentage figures 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%

83,60081,854

2.1
13.9

303
452

-32.9
―

649
359

80.8
―

43
-319

―
―

Third quarter of the period ending March 2013
Third quarter of the period ending March 2012

(Reference) Comprehensive income: Third quarter of the period ending March 2013 669 million yen (– %), Third quarter of the period ending March 2012
-178 million yen (– %)Quarterly net income pershare (basic)
Yen
Third quarter of the period ending March 2013
Third quarter of the period ending March 2012

Quarterly net income pershare (diluted)

Sen
0.97
-7.16

Yen

Sen
―
―

(2) Consolidated financial condition
Total assets

Net assets

Equity capital ratio

Million yen
Million yen
Third quarter of the period ending March 2013
94,75142,148Period ending March 2012
103,345
42,197(Reference) Equity capital:
Third quarter of the period ending March 2013 42,033 Million yen,
Period ending March 2012

Net assets per share
%
Yen
44.4
40.8
42,123 Million yen

Sen
941.70943.57

2. Dividend status
Annual Dividends
End of first quarter
Yen

End of second quarter
Sen

Yen

End of third quarter

Sen

Yen

Period end

Sen

Period ending March 2012

―

8.00

―

Period ending March 2013

―

8.00

―

Yen

Period ending March 2013 (Forecast)Through year
Sen

Yen

Sen

8.00

16.00

11.00

19.00

(Note) Presence or absence of revision from dividend forecast published most recently: None
Breakdown of March 2013 term-end dividend: Ordinary dividend ¥8.00, memorial dividend ¥3.00.

3. Estimate of consolidated performance for the period ending March 2013 (From April 1, 2012 to March 31, 2013)(Percentage figures represent increase or decrease from the previous accounting year.)

Sales amount
Total period

Million yen
116,000

Operating profit%-5.0

Million yen
2,500(Note) Presence or absence of revision from business forecast published most recently: None
(Reference)Estimated amount of work order received [full year]: 121,000 Million yen

Ordinary profit%-7.1

Million yen
2,500

Current net profit%-8.7

Million yen
1,200

Current net earnings per share%
2.1

Yen Sen26.88

* 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.: Yes‚ Accounting policy change other than •: NoneƒAccounting estimate change: Yes„Revision redisplay: None
(Note) These come under Article 10-5 of the “Regulations on Terms, Forms and Preparation Methods of Quarterly Consolidated Financial Statements.” For details,
please refer to Attached Data p.3 “2. Matters Concerning Summary Information (Annotations) (3) Representation of Changes in Accounting Policies and Changes andRevisions in Accounting Estimates.”(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)•‚ƒ

Third quarter of period ending March2013
Third quarter of period ending March2013
Third quarter of period ending March2013

Period ending March 2012

45,963,803 shares

1,328,754 shares

Period ending March 2012

1,321,248 shares

44,638,955 shares

Third quarter of period ending March
2012

44,677,233 shares

45,963,803 shares* Display Concerning State of Quarter Review Procedure Implementation
Quarter report review under the Financial Commodity Transaction Law 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 Settlement, (3) Qualitative Information on Consolidated Earnings Forecast” on page 3.

(Reference) Estimate of individual performance
Estimate of individual performance for the period ending March 2013 (From April 1, 2012 to March 31, 2013)(Percentage figures represent increase or decrease from the previous accounting year.)

Sales amount
Total period

Million yen
115,000

Operating profit%-4.5

Million yen
2,500(Note) Presence or absence of revision from business forecast published most recently: None
(Reference) Estimated amount of work order received [full year]: 120,000 Million yen

Ordinary profit%-4.9

Million yen
2,500

Current net earnings per share

Current net profit%-6.0

Million yen
1,200

%
5.1

Yen Sen
26 .88DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2013

○ Contents of Information
1. Qualitative Information on Current Quarter Consolidated Business Settlement ........................... 2(1) Qualitative Information on Consolidated Operating Results ........................................................................... 2(2) Qualitative Information on Consolidated Financial State ................................................................................ 2(3) Qualitative Information on Consolidated Earnings Forecast ........................................................................... 3

2. Items concerning Summary Information (Annotations) ............................................................... 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
Third Quarter Consolidated Cumulative Period .............................................................................................. 6
Quarterly Consolidated Comprehensive Income Statement
Third Quarter Consolidated Cumulative Period ............................................................................................... 7(3) Notes to Going Concern Assumption .............................................................................................................. 8(4) 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 Third Quarter Financial Statements for the Period Ending March 2013

1. Qualitative Information on Current Quarter Consolidated Business Settlement.
(1) Qualitative Information on Consolidated Operating Results
Japan’s economy in the current third quarter consolidated cumulative period stayed on the basic trends of weak
yen and strong stock prices because of expectations for credit easing etc. from the new government that started
near the period end. However, the production activities and corporate earnings during the period stayed almost at
mild recovery and with European debt problems yet to be settled the economy remained unpredictable.
In the construction industry, order-taking environment remained severe with the sense of excess equipment etc.
still remaining and the mild recovery seen in private-sector equipment investment was still devoid of strength.
Under these circumstances, as a result of efforts to secure orders and profits under the mid-term management
plan “DAI-DAN Challenging the New Age,” the performance attained in the current third quarter consolidated
cumulative period was as follows:
Accepted order work amount, despite severe order-taking environment, was 88,443 million yen or up 3,502
million yen from the same quarter consolidated cumulative period a year before.
Finished work amount was 83,600 million yen or up 1,746 million yen from the same quarter consolidated
cumulative period a year before mainly because of the increase in accepted order work amount.
Finished work gross profit was 7,624 million yen or down 58 million yen from the same quarter consolidated
cumulative period a year before because of the decrease in finished work gross profit rate despite the increase infinished work amount.
Operating profit was 303 million yen or down 148 million yen from the same quarter consolidated cumulative
period a year before because of the increase of 90 million yen in selling expenses and general administrative
expenses from the same quarter consolidated cumulative period a year before and the decrease in finished work
gross profit.
Ordinary profit was 649 million yen or up 290 million yen from the same quarter consolidated cumulative
period a year before mainly because the exchange loss of 231 million yen in the same quarter consolidated
cumulative period a year before turned into the exchange profit of 193 million yen in the current third quarter
consolidated cumulative period.
As for quarterly net profit and loss, quarterly net profit was 43 million yen (vs. quarterly net loss of 319 million
yen for the same quarter consolidated cumulative period a year before) mainly because investment securities
appraisal loss was 159 million yen or down 163 million yen from the same quarter consolidated cumulative perioda year before and as a result of deduction of corporate tax, resident tax and business tax, adjustment for corporate
tax etc., and on minority shareholder profit because of the increase in ordinary profit.
(2) Qualitative Information on Consolidated Financial State(Assets)
Liquid assets at the end of the current third quarter consolidated accounting period were 73,699 million yen or
down 10,055 million yen from the end of the previous consolidated accounting year mainly because of thedecrease (1,191 million yen) in cash and deposit and the decrease (10,006 million yen) in bills receivable andfinished work accounts receivable. Fixed assets were 21,051 million yen or up 1,461 million yen from the end of
the previous consolidated accounting year mainly because the increase (379 million yen) in tangible fixed assets,
the increase (752 million yen) in investment securities, and the increase (535 million yen) in prepaid pension
expenses exceeded the decrease (130 million yen) in intangible fixed assets.
As a result, total assets were 94,751 million yen or down 8,593 million yen from the end of the previous
consolidated accounting year.
(Liabilities)
Current liabilities at the end of the current third quarter consolidated accounting period were 48,737 million yen
or down 8,630 million yen from the end of the previous consolidated accounting year mainly because of thedecrease (7,564 million yen) in bills payable and work accounts payable, the decrease (597 million yen) in
short-term loans payable, and the decrease (457 million yen) in corporate tax etc. payable. Fixed liabilities were
3,865 million yen or up 85 million yen from the end of the previous consolidated accounting year mainly because
the increase (503 million yen) in deferred tax liabilities exceeded the decrease (338 million yen) in long-termloans payable and the decrease (62 million yen) in retirement benefit reserve.
As a result, total liabilities were 52,602 million yen or down 8,545 million yen from the end of the previous
consolidated accounting year.
(Net Assets)
Total net assets at the end of the current third quarter consolidated accounting period were 42,148 million yen
or down 48 million yen from the end of the previous consolidated accounting year mainly because surplus
distribution (714 million yen) exceeded quarterly net profit posting (43 million yen) and other securities appraisal
difference increase (582 million yen).
As a result, the equity capital ratio was 44.4% (vs. 40.8% at the end of the previous consolidated accounting
year).
-2-

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2013

(3) Qualitative Information on Consolidated Earnings Forecasts
The whole-period performance forecast published on November 8, 2012 remains unchanged.

2. Items Concerning Summary Information (Annotations)(1) Changes in major subsidiaries in the current quarter consolidated cumulative period
No applicable matter.
(2) Application of particular accounting to the preparation of quarter consolidated financial statements
No applicable matter.
(3) Changes in accounting policies, changes in accounting estimates, revision redisplay
Changes in accounting policies(Changes in Depreciation Methods)
Because of the Corporate Tax Law revision, the Company, effective from the current first quarter consolidated
accounting period, changed the depreciation methods to those under the revised Corporate Tax Law for
application to tangible fixed assets acquired on and after April 1, 2012.
Effects of the change are minor.

-3-

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2013

3. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheet(in million yen)
Current Third Quarter
Consolidated Accounting Period(December 31, 2012)

Previous Consolidated
Accounting Year
(March 31, 2012)
AssetsCurrent assets
Cash on hand and in banks
Note 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
Prepaid pension costs
OthersAllowance for bad debts
Total investments and other assets
Total fixed assets
Total assets-4-

22,663

21,47257,43447,428

99
466
0
1,228
1,867
-6
83,754

99
1,055
0
1,105
2,542
-5
73,699

3,267
590

3,647
459

8,118
5,929
2,497
-814
15,731
19,590103,345

8,870
6,465
2,437
-829
16,944
21,051
94,751DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2013

(in million yen)
Current Third Quarter
Consolidated Accounting Period(December 31, 2012)

Previous Consolidated
Accounting Year
(March 31, 2012)
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

41,235
6,233
489
2,404
－
－
168
1,152
5,682
57,36733,670
5,636
31
2,826
799
44
182
882
4,663
48,737

1,623
63
1,433
220
5
433
0
3,780

1,284
567
1,370
220
2
420
0
3,865

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

61,14852,602

4,479
4,809
32,889-647
41,531

4,479
4,809
32,218-650
40,857

564
27
591

1,147
28
1,175

Minority interest equity
Total net assets
Total liabilities and net assets

73
42,197103,345

115
42,14894,751-5-

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2013

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

Completed work amountCompleted work costCompleted work gross profit
Selling expenses and general administrative expenses
Operating profit
Non-operating income
Interests received
Dividends received
Insurance claim received
Exchange profit
OthersTotal non-operating income(in million yen)
Current Third Quarter
Previous Third Quarter
Consolidated Cumulative Period Consolidated Cumulative Period(From April 1, 2011 to(From April 1, 2012 to
December 31, 2011)
December 31, 2012)
81,854
83,60074,17075,975
7,683
7,624
7,230
7,320
452
303

Non-operating expenses
Interest payable
Payment guarantee charge
Exchange loss
OthersTotal non-operating expenses
Ordinary profit
Special profits
Gain on sales of fixed assets
Compensation for transfer of property
Total special profits
Special losses
Loss on retirement of fixed assets
Evaluation loss on investments in securities
Golf club membership appraisal loss
Total special losses
Quarterly net income before income taxes and otheradjustment
Corporate tax, residence tax and business tax
Adjustment amounts such as for corporate taxes
Total corporate tax etc.
Quarterly net income or loss (-) before adjustment of
profit and loss of minority interests
Minority interests in income
Quarterly net loss (-)

11
138
98
－
46
294

9
147
98
193
35
485

119
13
231
23
388
359

117
11
－
9
139
649

27
34
61

－
－
－

23
322
11

37
159
2

357

199

63

450

104
267
371

70
296
366

-308

83

11
-319

-6-

39
43

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2013

(Quarterly Consolidated Comprehensive Income Statement)(Third Quarter Consolidated Cumulative Period)(in million yen)
Current Third Quarter
Consolidated Cumulative Period(From April 1, 2012 to
December 31, 2012)

Previous Third Quarter
Consolidated Cumulative Period(From April 1, 2011 to
December 31, 2011)
Quarterly net income or loss (-) before adjustment of
profit and loss of 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

-308

83

114
15
130
-178

582
3
585
669

-183

627

5

-7-

41

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2013

(4) Notes to Going Concern Assumption
None(5) 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 Third Quarter
Consolidated Cumulative
periodCurrent Third Quarter
Consolidated Cumulative
PeriodPrevious consolidated
accounting year

(From April 1, 2011
to December 31, 2011)(From April 1, 2012
to December 31, 2012

(From April 1, 2011 toMarch 31, 2012)

Amount of works carriedoverAmount of completed
works

Amount of work orders
received

AmountComponent
ratio %

AmountComponent
ratio %

AmountComponent
ratio %

Electrical work

17,454

20.6

16,86619.1

23,195

19.5

Air-conditioning work

49,202

57.9

53,19960.1

68,541

57.4

Plumbing/sanitation

18,28321.5

18,37620.8

27,496

23.1

Total

84,940100.088,443

100.0

119,233

100.0（Renewal work）

51,24560.3

42,65648.2

66,916

56.1（Overseas work）

7,379

8.7

4,345

4.9

10,407

8.7

Electrical work

13,80516.9

17,39820.8

21,72917.8

Air-conditioning work

51,38562.8

48,44458.0

75,85862.1

Plumbing/sanitation

16,66320.3

17,75721.2

24,521

20.1

Total

81,854100.0

83,600100.0122,109

100.0（Renewal work）

40,18549.1

43,933

52.6

62,894

51.5（Overseas work）

4,479

5.5

5,636

6.7

7,169

5.9

Electrical work

13,751

15.7

11,036

12.8

11,56714.2

Air-conditioning work

52,87660.3

52,49760.6

47,742

58.4

Plumbing/sanitation

21,04024.0

23,015

26.6

22,396

27.4

Total

87,668100.0

86,549100.0

81,706100.0（Renewal work）

32,23436.8

23,91827.6

25,196

30.8（Overseas work）

4,319

4.9

3,366

3.9

4,657

5.7

-8-