Brief Report on the Financial Statements for the Period Ending March 2019
[Japanese Standard] (Consolidated)
May 9, 2019

Name of listed company: DAI-DAN Co., Ltd.
Stock Exchange Listing:Code No.: 1980 URL: https://www.daidan.co.jp/
Tokyo Stock Exchange 1st section
Representative of Company: Ichiro Fujisawa, Representative Director, President
Inquiries to be addressed to: Yasuo Kamei, Director, Executive Corporate Officer,
Head of General Administration
Tel. (06) 6447 - 8003
Date scheduled to ordinary shareholders general meeting convention: June 25, 2019
Date scheduled to dividend payment commencement:
June 26, 2019
Date scheduled to submit annual securities report:
June 25, 2019
Creating supplements to the financial statement:
Yes
Holding a briefing session on the financial statement:
Yes (for instituted investors and analysts)(Amounts are indicated with figures less than 1 million yen discarded)

1. Consolidated business results for the period ending March 2019 (From April 1, 2018 to March 31, 2019)(1) Consolidated management performance(Percentage indications show increase or decrease from the previous period.)

Net sales

Operating profit

Million yen%
Million yen%
Million yen
Period ending March 2019
155,565
8.4
7,661
3.7
8,057
Period ending March 2018
143,448
14.5
7,385
9.4
7,674
(Note)
Comprehensive income Period ending March 2019 3,334 Million yen (55.6%)
Period ending March 2018 7,514 Million yen 72.3%

Profit per share

Diluted Profit per share

Net assets

%
5.0
10.6

Equity capitalvs. profit ratio

Yen SenYen Sen
Period ending March 2019245.16―
Period ending March 2018229.19―(Reference) Investment income or loss on equity method Period ending March 2019 – Million yen
Period ending March 2018 – Million yen(2) Consolidated financial position
Total assets

Profit attributable toowners of parent

Ordinary profit

Total asset vs.
Ordinary profit
ratio

%
8.4
8.4

%
7.0
10.1

Net sales vs.
Operatingprofit ratio

%
6.4
6.1

Equity capital ratio

Million yen
Million yen
Period ending March 2019
120,728
66,390Period ending March 2018
130,006
64,417(Reference) Equity capital
Period ending March 2019 66,217 Million yen
Period ending March 2018 64,245 Million yen

Million yen
5,464
5,109

%
4.9
5.1

Net assets per share

%
54.8
49.4

Yen Sen2,970.59
2,882.07(3) Consolidated cash flows
Cash flows fromoperating activities

Cash flows frominvesting activities

Million yen(13,541)
3,320

Period ending March 2019
Period ending March 2018

Cash flows fromfinancing activities

Million yen
(232)
(315)

Cash and cash equivalents
at end of period

Million yen(1,317)(1,711)Million yen
12,77627,858

2. Dividends
Annual dividends per share
End of firstquarter

End of second
quarter

End of third
quarter

Period end

Through year

Total dividend(through year)

Dividend trend(consolidated)

Net asset vs.
dividend ratio(consolidated)

Yen SenYen SenYen SenYen SenYen SenMillion yen%
Period ending March 2018
―
11.50
―
33.00
―
1,248
24.4
Period ending March 2019
―
28.00
―
48.00
76.00
1,694
31.0
Period ending March 2020
―
40.00
―
40.00
80.00
31.3
(Forecast)(Note 1)
Breakdown of dividend at the end of the period ending March 2018: ordinary dividend 23.00 yen and special dividend 10.00 yen
Breakdown of dividend at the end of the period ending March 2019: ordinary dividend 28.00 yen and special dividend 20.00 yen(Note 2)
We executed a share consolidation of two common shares to one common share as of October 1, 2017. The dividend for the second
quarter of the period ending March 2018 indicates the actual dividend amount before the share consolidation.

%
2.0
2.6

3. Estimate of consolidated performance for the period ending March 2020 (From April 1, 2019 to March 31, 2020)(Percentage indications show increase or decrease from the previous period.)

Net sales
Mil. yen%

Operating profit

Ordinary profit

Mil. yenMil. yen%

Profit attributable toowners of parent%

Mil. yen%

161,000
3.5
8,000
4.4
8,200
1.8
5,700
4.3
Total period(Reference)
Estimated net sales of construction contract orders 161,000 Million yen(Note)
An estimate of consolidated performance for the second quarter consolidated cumulative period is not presented.

Profit per share
Yen

Sen
255.71* Annotations(1) Changes in key subsidiaries in the period (changes in specific subsidiaries requiring changes of consolidation scope): None
(2) 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
(3) 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
period Average number of shares in the period

Period ending
March 2019
Period ending
March 2019
Period ending
March 2019

Period ending
March 2018
Period ending
690,998 shares
March 2018
Period ending
22,291,335 shares
March 2018

22,981,901 shares

22,981,901 shares
690,284 shares
22,293,010 shares(Note) As we executed a share consolidation of two common shares to one common share as of October 1, 2017, "Average numbers of sharesin the period" is calculated assuming that the share consolidation was executed at the beginning of the previous consolidated accountingyear.

(Reference) Outline of individual performance
1. Individual business results for the period ending March 2019 (From April 1, 2018 to March 31, 2019)(Percentage indications show increase or decrease from the previous period.)(1) Individual management performance
Profit attributable to
Net sales
Operating profit
Ordinary profit
owners of parent
Period ending March 2019
Period ending March 2018

Million yen
153,849
142,376

%
8.1
14.9

Profit per share

Million yen
7,601
7,402

%
2.7
9.8

%
4.0
10.9

Million yen
5,426
5,116

%
6.1
10.5

Diluted Profit per share

Yen Sen243.42229.49Period ending March 2019
Period ending March 2018

Million yen
7,995
7,686

Yen Sen――(2) Individual financial position
Total assets

Net assets

Equity capital ratio

Million yen
Million yen
Period ending March 2019
119,404
65,775Period ending March 2018
128,226
63,336(Reference) Equity capital
Period ending March 2019 65,775 Million yen
Period ending March 2018 63,336 Million yen

Net assets per share

%
55.1
49.4

Yen Sen2,950.76
2,841.29

2. Estimate of individual performance for the period ending March 2020 (From April 1, 2019 to March 31, 2020)(Percentage indications show increase or decrease from the previous period.)

Net sales
Mil. yen%

Operating profit

Ordinary profit

Mil. yenMil. yen%

Profit attributable toowners of parent
Mil. yen%

160,000
4.0
8,000
5.2
8,200
2.6
5,700
Total period(Reference)
Estimated net sales of construction contract orders 160,000 Million yen(Note)
An estimate of individual performance for the second quarter cumulative period is not presented.

%

5.0Profit per share
Yen

Sen
255.71* Brief report on the 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. Summary of Operating
Results, (4) Future Foresight” on page 4.

DAI-DAN Co., Ltd. (1980), Brief Report on the Financial Statements for the Period Ending March 2019

 Contents of Information
1. Summary of Operating Results ................................................................................................................................2(1) Summary of Operating Results on the Current Accounting Year.......................................................................2(2) Summary of Financial Conditions on the Current Accounting Year ..................................................................2(3) Summary of Cash Flows on the Current Accounting Year.................................................................................3(4) Future Foresight .................................................................................................................................................4
2. Fundamental Philosophy for Selection of Accounting Standard .............................................................................4
3. Consolidated Financial Statements and Major Notes ..............................................................................................5(1) Consolidated Balance Sheets .............................................................................................................................5(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income ........................7(Consolidated Statements of Income) ..................................................................................................................7(Consolidated Statements of Comprehensive Income) ........................................................................................8(3) Consolidated Statements of Changes in Equity .................................................................................................9(4) Consolidated Statements of Cash Flows .......................................................................................................... 11(5) Notes to Consolidated Financial Statements ....................................................................................................13(Notes to Going Concern Assumption) ..........................................................................................................13(Segment Information)...................................................................................................................................13(Per-share Information)..................................................................................................................................13(Important Events Subsequent to Balance Sheet Date) .................................................................................13
4. Individual Financial Statements and Major Notes .................................................................................................14(1) Balance Sheets .................................................................................................................................................14(2) Statements of Income .......................................................................................................................................17(3) Statements of Changes in Equity .....................................................................................................................18(4) Notes to Individual Financial Statements ........................................................................................................20(Notes to Going Concern Assumption) ..........................................................................................................20
5. Others ....................................................................................................................................................................20(1) Board Member Changes...................................................................................................................................20(2) Others ...............................................................................................................................................................21

1

DAI-DAN Co., Ltd. (1980), Brief Report on the Financial Statements for the Period Ending March 2019

1. Qualitative Information on the Business Settlement(1) Summary of Operating Results on the Current Accounting YearNet sales of construction contract orders received in the current consolidated accounting year increased by
11,198 million yen or 7.6% from the previous consolidated accounting year, resulting in 158,533 million
yen.
Net sales of completed construction contracts increased by 12,116 million yen or 8.4% from the previous
consolidated accounting year, resulting in 155,565 million yen.
Gross profit on completed construction contracts increased by 325 million yen or 1.7% from the previous
consolidated accounting year, resulting in 19,111 million yen, due to the increase in the net sales ofcompleted construction contracts.
Operating profit increased by 275 million yen or 3.7% from the previous consolidated accounting year,
resulting in 7,661 million yen, due to the increase in the gross profit on completed construction contracts.
Ordinary profit increased by 383 million yen or 5.0% from the previous consolidated accounting year,
resulting in 8,057 million yen, due to the increases in the operating profit, etc.
Profit attributable to owners of parent increased by 355 million yen or 7.0% from the previous consolidated
accounting year, resulting in 5,464 million yen, after posting the loss on valuation of investment securities of
111 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) Summary of Financial Conditions on the Current Accounting Year
(Assets)
Current assets at the end of the current consolidated accounting year decreased by 6,845 million yen or 7.1%
from the end of the previous consolidated accounting year, resulting in 88,913 million yen. The main factor
for this is the decrease of 15,081 million yen or 54.1% in cash and deposits because of the effect of theshortening of payment maturities for notes payable and electronically recorded obligations - operating since
payments on December 2018. Non-current assets decreased by 2,432 million yen or 7.1% from the end of theprevious consolidated accounting year, resulting in 31,815 million yen. The main factor for this is thedecrease of 2,472 million yen or 13.3% in investment securities.
As a result, total assets decreased by 9,278 million yen or 7.1% from the end of the previous consolidated
accounting year, resulting in 120,728 million yen.
(Liabilities)
Current liabilities at the end of the current consolidated accounting year decreased by 10,310 million yen or
17.2% from the end of the previous consolidated accounting year, resulting in 49,578 million yen. The main
factor for this is the decrease of 10,065 million yen or 50.7% in electronically recorded obligations –operating because of the shortening of payment maturities for this as described in the main factor indecreases in current assets. Non-current liabilities decreased by 940 million yen or 16.5% from the end of theprevious consolidated accounting year, resulting in 4,759 million yen. The main factor for this is the decreaseof 870 million yen or 31.4% in deferred tax liabilities.
As a result, total liabilities decreased by 11,251 million yen or 17.2% from the end of the previous
consolidated accounting year, resulting in 54,338 million yen.
(Net Assets)
Total net assets at the end of the current consolidated accounting year increased by 1,973 million yen or
3.1% from the end of the previous consolidated accounting year, resulting in 66,390 million yen. The main
factor for this is the increase of 4,105 million yen or 8.7% in retained earnings.
As a result, the equity capital ratio resulted in 54.8% (49.4% at the end of the previous consolidated
accounting year).

2

DAI-DAN Co., Ltd. (1980), Brief Report on the Financial Statements for the Period Ending March 2019(3) Summary of Cash Flows on the Current Accounting Year
Cash and cash equivalents (hereinafter referred to as "fund") in the current consolidated accounting year
decreased by 15,081 million yen from the end of the previous consolidated accounting year, resulting in
12,776 million yen. The situation of cash flows and their factors during the current consolidated accounting
year are as follows.
(Cash flows from operating activities)
As a result of the operating activities, the decreased fund resulted in 13,541 million yen (increase by 3,320
million yen of the fund in the previous consolidated accounting year). The main factor for this is that thefactors causing the fund to decrease such as the decrease in notes and accounts payable – trade because of theshortening of payment maturities as described in “(2) Summary of Financial Conditions on the Current
Accounting Year” surpassed the increase factors of the fund such as the increase in profit before income
taxes.
(Cash flows from investing activities)
As a result of the investing activities, the decreased fund resulted in 232 million yen (decrease by 315 million
yen of the fund in the previous consolidated accounting year). The main factor for this is that the purchase ofproperty, plant and equipment.
(Cash flows from financing activities)
As a result of the financing activities, the decreased fund resulted in 1,317 million yen (decrease by 1,711
million yen of the fund in the previous consolidated accounting year). The main factor for this is that therepayment of short- and long-term loans payable and dividends paid surpassed proceeds from short- andlong-term loans payable.
(Reference) Transition of cash flow-related indexes
Period ending Period ending Period ending Period ending Period ending
March 2015 March 2016 March 2017 March 2018 March 2019
Equity capital ratio
Equity capital ratio at market
value
Cash flow to interest-bearing
liability ratio
Interest coverage ratio

47.5%

45.0%

49.3%

49.4%

54.8%

32.6%

27.4%

40.3%

40.2%

47.5%

2.5 years

9.7 years

1.1 years

1.6 years―

15.7 times

4.2 times

40.5 times

22.5 times―

Equity capital ratio: Equity capital/Total assets
Equity capital ratio at market value: Aggregate market value of shares/Total assets
Cash flow to interest-bearing liability ratio: Interest-bearing liabilities/Operating cash flow
Interest coverage ratio: Operating cash flow/Interest payment* Indexes are all calculated by financial values on a consolidated basis.
* Aggregate market value of shares is calculated on the basis of the number of issued shares excluding
treasury shares.
* Operating cash flow uses cash flows from operating activities given in the Consolidated Statements ofCash Flows.
* Interest-bearing liabilities cover all interest-paying liabilities of the liabilities given in the Consolidated
Balance Sheets. Interest payment uses interest expenses paid given in the Consolidated Statements ofCash Flows.
* Cash flow to interest-bearing liability ratio and interest coverage ratio for the period ending March 2019are not stated because the operating cash flow is negative.

3

DAI-DAN Co., Ltd. (1980), Brief Report on the Financial Statements for the Period Ending March 2019

(4) Future Foresight
We forecast that consolidated operating results of the next period will achieve net sales of construction
contract orders received of 161,000 million yen, net sales of completed construction contracts of 161,000
million yen, Operating profit of 8,000 million yen, Ordinary profit of 8,200 million yen, and Profit
attributable to owners of parent of 5,700 million yen.

2. Fundamental Philosophy for Selection of Accounting Standard
The Company Group adopts Japanese accounting standards because of small business overseas and lessfinancing needs from overseas. Adoption of Japanese accounting standards secures comparability with othercompanies in the same business in Japan.

4

DAI-DAN Co., Ltd. (1980), Brief Report on the Financial Statements for the Period Ending March 2019

3. Consolidated Financial Statements and Major Notes(1) Consolidated Balance Sheets(Millions of yen)Previous Consolidated
Accounting Year(As of March 31, 2018)
AssetsCurrent assets
Cash and deposits
Notes receivable, accounts receivable fromcompleted construction contracts
Electronically recorded monetary claims - operating
Costs on uncompleted construction contracts
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
LandConstruction in progress
Total 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

5

Current Consolidated
Accounting Year(As of March 31, 2019)27,88512,803

52,63858,088

11,319
500
0
3,422
(7)
95,75914,814
509
―
2,705
(8)
88,9136,270(3,190)
3,080
176
(99)
77
800
(561)
238
1,268
39
4,704
557

6,327
(3,368)
2,959
185
(121)
63
775
(576)
199
1,268
708
5,198
457

18,602
8,944
1,629
(191)
28,98534,247130,006

16,129
8,675
1,536
(183)
26,15931,815
120,728

DAI-DAN Co., Ltd. (1980), Brief Report on the Financial Statements for the Period Ending March 2019

Previous Consolidated
Accounting Year(As of March 31, 2018)
Liabilities
Current liabilities
Notes payable, accounts payable for construction
contracts
Electronically recorded obligations - operating
Short-term loans payable
Income taxes payable
Advances received on uncompleted construction
contracts
Provision for warranties for completed construction
Provision for loss on construction contracts
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Deferred tax liabilities
Retirement benefit liability
Provision for foreign investment loss
Long-term accounts payable - other
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
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

6(Millions of yen)
Current Consolidated
Accounting Year(As of March 31, 2019)

21,996

20,763

19,862
4,026
1,880

9,796
3,826
1,149

1,733

1,574

69
358
9,961
59,88985
138
12,24449,578

1,299
2,774
1,323
6
296
0
5,700
65,589

1,543
1,903
1,299
5
6
0
4,759
54,3384,479
4,809
47,307(688)
55,9084,479
4,809
51,412(690)
60,011

7,798
24
514
8,337
171
64,417130,006

6,172
22
10
6,205
172
66,390120,728

DAI-DAN Co., Ltd. (1980), Brief Report on the Financial Statements for the Period Ending March 2019(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income(Consolidated Statements of Income)(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
Real estate rent
Insurance fee
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Guarantee commission
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of non-current assets
Gain on sales of investment securities
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on valuation of investment securities
Loss on valuation of golf club membership
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit (loss) attributable to non-controlling interests
Profit attributable to owners of parent

7

Previous Consolidated
Accounting Year
(From April 1, 2017
to March 31, 2018)
143,448
124,662
18,786
11,4007,385

Current Consolidated
Accounting Year
(From April 1, 2018
to March 31, 2019)
155,565
136,453
19,111
11,450
7,661

10
296
34
93
14
4
453

11
349
34
107
19
13
535

147
9
8
165
7,674

121
5
12
139
8,057

57
9
67

―
―
―

39
―
4
44
7,697
2,754
(140)
2,614
5,082
(26)
5,109

―
111
―
111
7,945
2,407
69
2,476
5,468
3
5,464

DAI-DAN Co., Ltd. (1980), Brief Report on the Financial Statements for the Period Ending March 2019

(Consolidated Statements of Comprehensive Income)(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

8

Previous Consolidated
Accounting Year
(From April 1, 2017
to March 31, 2018)
5,082

Current Consolidated
Accounting Year
(From April 1, 2018
to March 31, 2019)
5,468

1,454
21
955
2,432
7,514

(1,626)(3)(504)(2,134)
3,334

7,530

3,332

(15)

1

DAI-DAN Co., Ltd. (1980), Brief Report on the Financial Statements for the Period Ending March 2019(3) Consolidated Statements of Changes in Equity
Previous Consolidated Accounting Year (From April 1, 2017 to March 31, 2018)(Millions of yen)
Shareholders' equity
Capital stock
Balance at beginning ofcurrent period
Changes of items
during period

Capital surplus

4,479

Retained earnings

Treasury shares

Total shareholders'equity43,290(678)

51,901

4,809

Dividends of surplus(1,092)(1,092)

Profit attributable toowners of parent

5,109

5,109

Purchase of treasury
shares
Disposal of treasury
sharesNet changes of items
other thanshareholders' equity
Total changes of items
during period
Balance at end ofcurrent period

0

(10)

(10)

0

0

－

0

4,017

(10)

4,006

4,479

4,809

47,307(688)

55,908

Accumulated other comprehensive income
Valuation
Total
Remeasurements
difference on Foreign currency
accumulated Non-controlling Total net assets
of definedinterests
available-fortranslationotherbenefitsale
adjustment
comprehensive
plans
securities
incomeBalance at beginning ofcurrent period
Changes of items
during period

6,344

13

(441)

5,916

186

58,004

Dividends of surplus(1,092)

Profit attributable toowners of parent

5,109

Purchase of treasury
shares
Disposal of treasury
sharesNet changes of items
other thanshareholders' equity
Total changes of items
during period
Balance at end ofcurrent period

(10)
0
1,454

10

955

2,421

(15)

2,405

1,454

10

955

2,421

(15)

6,412

7,798

24

514

8,337

171

64,417

9

DAI-DAN Co., Ltd. (1980), Brief Report on the Financial Statements for the Period Ending March 2019

Current Consolidated Accounting Year (From April 1, 2018 to March 31, 2019)(Millions of yen)
Shareholders' equity
Capital stock
Balance at beginning ofcurrent period
Changes of items
during period

Capital surplus

4,479

Retained earnings

Treasury shares

Total shareholders'equity47,307(688)

55,9084,809

Dividends of surplus(1,359)(1,359)Profit attributable toowners of parent

5,464

5,464

Purchase of treasury
sharesNet changes of items
other thanshareholders' equity
Total changes of items
during period
Balance at end ofcurrent period

(1)

(1)

―

―

4,105

(1)

4,103

4,479

4,809

51,412(690)

60,011

Accumulated other comprehensive income
Total
Valuation
Foreign currency Remeasurements accumulated Non-controlling Total net assets
difference oninterests
translationof defined
otheravailable-foradjustment
benefit plans comprehensive
sale securities
incomeBalance at beginning ofcurrent period
Changes of items
during period

7,798

24

514

8,337

171

64,417

Dividends of surplus(1,359)Profit attributable toowners of parent

5,464

Purchase of treasury
sharesNet changes of items
other thanshareholders' equity
Total changes of items
during period
Balance at end ofcurrent period(1)(1,626)

(1)

(504)

(2,132)

1(2,130)(1,626)

(1)

(504)

(2,132)

1

1,973

6,172

22

10

6,205

172

66,39010

DAI-DAN Co., Ltd. (1980), Brief Report on the Financial Statements for the Period Ending March 2019(4) Consolidated Statements of Cash Flows(Millions of yen)Previous Consolidated
Accounting Year
(From April 1, 2017
to March 31, 2018)
Cash flows from operating activities
Profit before income taxes
Depreciation
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in retirement benefit liability
Interest and dividend income
Interest expenses
Increase (decrease) in allowance for foreign investment
loss
Loss (gain) on valuation of investment securities
Loss (gain) on sales of investment securities
Loss (gain) on sales of non-current assets
Loss on retirement of non-current assets
Loss on valuation of golf club memberships
Decrease (increase) in notes and accounts receivable trade
Decrease (increase) in costs on uncompleted construction
contracts
Decrease (increase) in other current assets
Decrease (increase) in other non-current assets
Decrease (increase) in retirement benefit asset
Increase (decrease) in notes and accounts payable - trade
Increase (decrease) in advances received on uncompleted
construction contracts
Increase (decrease) in other current liabilities
Increase (decrease) in other non-current liabilities
SubtotalInterest and dividend income received
Interest expenses paid
Income taxes (paid) refund
Net cash provided by (used in) operating activities

11

Current Consolidated
Accounting Year
(From April 1, 2018
to March 31, 2018)

7,697
470
3
19
(306)
147

7,945
452
(7)
33
(361)
121

(0)

(0)

―
(9)
(57)
39
4

111
―
―
―
―

(6,541)(8,945)(21)(8)(1,565)
(2)
(42)
5,423

704
0
(514)
(11,298)(1,295)

(158)

1,174
―
5,135
306
(145)
(1,976)
3,320

1,554
(290)
(10,660)361(121)(3,120)(13,541)

DAI-DAN Co., Ltd. (1980), Brief Report on the Financial Statements for the Period Ending March 2019

(Millions of yen)Previous Consolidated
Accounting Year
(From April 1, 2017
to March 31, 2018)
Cash flows from investing activities
Proceeds from withdrawal of time deposits
Payments into time deposits
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Payments for retirement of property, plant and equipment
Purchase of investment securities
Proceeds from sales and redemption of investment
securities
Payments of loans receivableCollection of loans receivable
Other payments
Other proceeds
Net cash provided by (used in) investing activities
Cash flows from financing activities
Increase in short-term loans payable
Decrease in short-term loans payable
Proceeds from long-term loans payable
Repayments of long-term loans payable
Purchase of treasury shares
Proceeds from sales of treasury shares
Cash dividends paid
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

12

Current Consolidated
Accounting Year
(From April 1, 2018
to March 31, 2019)
27
(27)
(361)
64
(21)
(4)

27
(27)
(287)
2
―
(4)

81

23

(0)
1
(110)
35
(315)

(1)
45
(112)
102
(232)

37,960(37,660)
1,250(2,159)(10)
0(1,092)(1,711)15
1,308
26,54927,85834,660(34,860)
2,357(2,113)(1)―(1,359)(1,317)
9(15,081)
27,858
12,776

DAI-DAN Co., Ltd. (1980), Brief Report on the Financial Statements for the Period Ending March 2019(5) Notes to Consolidated Financial Statements(Notes to Going Concern Assumption)
None(Segment Information)
Descriptions are omitted since the Company Group is a single segment of equipment work business.
(Per-share Information)
Items

Previous Consolidated
Accounting Year
(From April 1, 2017
to March 31, 2018)

Net assets per share
Profit per share

Current Consolidated
Accounting Year
(From April 1, 2018
to March 31, 2019)

2,882.07 yen

2,970.59 yen

229.19 yen

245.16 yen(Note) 1. Diluted profit per share is not stated as there are no potential shares.
2. The basis for calculating profit per share is as follows:
Previous Consolidated
Accounting Year
(From April 1, 2017
to March 31, 2018)
Profit attributable to owners of parent
5,109(millions of yen)Amount not belonging to common stock－(millions of yen)
Profit attributable to owners of parent
related to common stock
5,109(millions of yen)
Average number of common stock
shares during the period
22,293(thousand shares)(Important Events Subsequent to Balance Sheet Date)
None

13

Current Consolidated
Accounting Year
(From April 1, 2018
to March 31, 2019)
5,464
－
5,464

22,291DAI-DAN Co., Ltd. (1980), Brief Report on the Financial Statements for the Period Ending March 2019

4. Individual Financial Statements and Major Notes(1) Balance Sheets(Millions of yen)Previous Fiscal Year(As of March 31, 2018)
AssetsCurrent assets
Cash and deposits
Notes receivable - trade
Electronically recorded monetary claims - operating
Accounts receivable from completed construction
contracts
Costs on uncompleted construction contracts
Raw materials and supplies
Prepaid expenses
Advances paid
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings
Accumulated depreciation
Buildings, net
Structures
Accumulated depreciation
Structures, net
Machinery and equipment
Accumulated depreciation
Machinery and equipment, net
VehiclesAccumulated depreciation
Vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
LandConstruction in progress
Total property, plant and equipment
Intangible assets
Software
Other
Total intangible assets

14

Current Fiscal Year(As of March 31, 2019)27,166
2,758
11,31911,987
1,211
14,814

49,62756,348

436
0
10
1,342
2,058
(6)
94,712

507
―
10
1,507
1,168
(7)
87,5496,100(3,062)
3,038
167
(126)
41
15
(12)
2
137
(63)
73
778
(542)
235
1,268
39
4,699

6,157
(3,234)
2,922
167
(132)
35
15
(13)
2
146
(85)
61
752
(557)
195
1,268
708
5,193

516
38
554

409
44
453

DAI-DAN Co., Ltd. (1980), Brief Report on the Financial Statements for the Period Ending March 2019

(Millions of yen)Previous Fiscal Year(As of March 31, 2018)
Investments and other assets
Investment securities
Shares of subsidiaries and associates
Long-term loans receivable from employees
Long-term loans receivable from subsidiaries andassociates
Guarantee deposits
Long-term Insurance funds
Claims provable in bankruptcy, claims provable inrehabilitation and otherPrepaid pension cost
Golf club membership
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Notes payable - trade
Electronically recorded obligations - operating
Accounts payable for construction contracts
Short-term loans payable
Current portion of long-term loans payable
Accounts payable - otherAccrued expenses
Income taxes payable
Accrued consumption taxes
Advances received on uncompleted construction
contracts
Deposits received
Deposits received from employees
Provision for warranties for completed construction
Provision for loss on construction contracts
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Deferred tax liabilities
Provision for retirement benefits
Provision for foreign investment loss
Long-term accounts payable - other
Other
Total non-current liabilities
Total liabilities

15

Current Fiscal Year(As of March 31, 2019)18,536289
2

16,064
289
2

44

―

656
144

691
58

29

25

8,067
596
81
(190)
28,25833,513
128,226

8,582
596
79
(181)
26,20831,855
119,404

2,956
19,862
18,824
2,200
1,826
688
3,683
1,870
―

1,307
9,796
18,937
2,000
1,826
1,370
3,844
1,136
1,073

1,666

1,534

4,778
739
69
358
24
59,550

5,116
781
85
138
2
48,951

1,299
2,551
1,185
6
296
0
5,339
64,889

1,543
1,903
1,218
5
6
0
4,678
53,629DAI-DAN Co., Ltd. (1980), Brief Report on the Financial Statements for the Period Ending March 2019

(Millions of yen)Previous Fiscal Year(As of March 31, 2018)
Net assets
Shareholders' equity
Capital stock
Capital surplus
Legal capital surplus
Other capital surplus
Total capital surpluses
Retained earnings
Legal retained earnings
Other retained earnings
Reserve for advanced depreciation of noncurrent assets
General reserve
Retained earnings brought forward
Total retained earnings
Treasury shares
Total shareholders' equity
Valuation and translation adjustments
Valuation difference on available-for-sale securities
Total valuation and translation adjustments
Total net assets
Total liabilities and net assets

16

Current Fiscal Year(As of March 31, 2019)

4,479

4,479

4,716
93
4,809

4,716
93
4,809

1,119

1,119

48

44

29,72016,04946,937(688)
55,53829,72020,11951,003(690)
59,602

7,798
7,798
63,336
128,226

6,172
6,172
65,775
119,404DAI-DAN Co., Ltd. (1980), Brief Report on the Financial Statements for the Period Ending March 2019(2) Statements of Income(Millions of yen)Previous Fiscal Year
(From April 1, 2017
to March 31, 2018)
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
Real estate rent
Insurance fee
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Guarantee commission
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of non-current assets
Gain on sales of investment securities
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on valuation of investment securities
Loss on valuation of golf club membership
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit17

Current Fiscal Year
(From April 1, 2018
to March 31, 2019)

142,376
123,72118,654
11,252
7,402

153,849
134,948
18,90011,298
7,601

8
296
34
93
14
2
450

9
349
34
107
18
13
533

147
9
8
165
7,686

121
5
12
139
7,995

57
9
67

―
―
―

39
―
4
44
7,709
2,733
(139)
2,593
5,116

―
111
―
111
7,883
2,388
69
2,457
5,426

DAI-DAN Co., Ltd. (1980), Brief Report on the Financial Statements for the Period Ending March 2019(3) Statements of Changes in Equity
Previous Fiscal Year (From April 1, 2017 to March 31, 2018)(Millions of yen)
Shareholders' equity
Capital surplus

Retained earnings
Other retained earnings

Capital
stock

Legal
capitalsurplus

OthercapitalsurplusTotal
capitalsurplusReserve

Legalforretained advanced Generalearnings depreciati reserve
on of noncurrent
assetsBalance at beginning of current
period

4,479

4,716

93

4,809

1,119

51

Total
Retainedretainedearnings
brought earnings
forward29,72012,022

42,913

3－

Dividends of surplus(1,092)(1,092)

Profit

5,116

5,116

Changes of items during period
Reversal of reserve(3)

Purchase of treasury shares
Disposal of treasury shares

00

Net changes of items other thanshareholders' equity
Total changes of items during period
Balance at end of current period

－

－

0

0

－

(3)

－

4,027

4,023

4,479

4,716

93

4,809

1,119

48

29,72016,04946,937

Shareholders' equity
Treasury shares
Balance at beginning of current
periodValuation and translation adjustments

Valuation
Total shareholders'difference on
equityavailable-for-salesecurities(678)

51,524

6,344

Total valuationand translation
adjustments

Total net assets

6,344

57,868Changes of items during period
Reversal of reserve－－

Dividends of surplus(1,092)(1,092)

Profit

5,116

5,116

Purchase of treasury shares

(10)

(10)

(10)

Disposal of treasury shares

0

0

0

Net changes of items other thanshareholders' equity

1,454

1,454

1,454

Total changes of items during period

(10)

4,013

1,454

1,454

5,467

Balance at end of current period(688)

55,538

7,798

7,798

63,33618

DAI-DAN Co., Ltd. (1980), Brief Report on the Financial Statements for the Period Ending March 2019

Current Fiscal Year (From April 1, 2018 to March 31, 2019)(Millions of yen)
Shareholders' equity
Capital surplus

Retained earnings
Other retained earnings

Capital
stock

Legal
capitalsurplus

OthercapitalsurplusTotal
capitalsurplusReserve

Legalforretained advanced Generalearnings depreciati reserve
on of noncurrent
assetsBalance at beginning of current
period

4,479

4,716

93

4,809

1,119

48

Total
Retainedretainedearnings
brought earnings
forward29,72016,04946,937

3―

Dividends of surplus(1,359)(1,359)Profit

5,426

5,426

Changes of items during period
Reversal of reserve(3)

Purchase of treasury shares
Net changes of items other thanshareholders' equity
Total changes of items during period
Balance at end of current period

―

―

―

―

―

(3)

―

4,069

4,066

4,479

4,716

93

4,809

1,119

44

29,72020,11951,003

Shareholders' equity
Treasury shares
Balance at beginning of current
periodValuation and translation adjustments

Valuation
Total shareholders'difference on
equityavailable-for-salesecurities(688)

55,538

7,798

Total valuationand translation
adjustments

Total net assets

7,798

63,336

Changes of items during period
Reversal of reserve――

Dividends of surplus(1,359)(1,359)Profit

5,426

5,426

(1)

(1)

Purchase of treasury shares(1)

Net changes of items other thanshareholders' equity
Total changes of items during period
Balance at end of current period(1,626)(1,626)(1,626)

(1)

4,064

(1,626)(1,626)

2,438

(690)

59,602

6,172

6,172

65,77519

DAI-DAN Co., Ltd. (1980), Brief Report on the Financial Statements for the Period Ending March 2019(4) Notes to Individual Financial Statements(Notes to Going Concern Assumption)
None

5. Others(1) Board Member Changes
1) Changes in Representative Directors
None2) Change in Other Board Members• Nominee as new director
Director
Koji Kono (present Corporate Auditor (part-time))(Note) Mr. Koji Kono is nominated as an outside director.
• Director scheduled to retire
Current Director, Counsellor
Setsu Sugaya (scheduled to be appointed as Counsellor)• Nominee as new corporate auditor
Corporate Auditor (part-time)
Ikumi Sato (present Attorney at Law)
(Note) Ms. Ikumi Sato is nominated as an outside corporate auditor.
• Corporate Auditor scheduled to retire
Current Corporate Auditor (part-time)
Koji Kono (scheduled to be appointed as Director)(Note) Mr. Koji Kono is an outside corporate auditor.
3) Scheduled Date of Appointment
June 25, 201920

DAI-DAN Co., Ltd. (1980), Brief Report on the Financial Statements for the Period Ending March 2019(2) Divisional net sales of construction contract orders received, completed construction contracts, anduncompleted construction contracts (consolidated)

Net sales of uncompleted
construction contracts

Net sales of completed
construction contracts

Net sales of construction
contract orders received(Millions of yen)Previous Consolidated
Accounting Year

Current Consolidated
Accounting Year

(From April 1, 2017
to March 31, 2018)
Component
Amountratio %

(From April 1, 2018
to March 31, 2019)
Component
Amountratio %

Increase(decrease)

AmountRatio %

Electrical installations

22,735

15.4

25,690

16.2

2,954

13.0

Air conditioning
installations

92,093

62.5

93,289

58.8

1,196

1.3

Plumbing installations

32,50622.1

39,553

25.0

7,047

21.7

Total

147,335

100.0

158,533

100.0

11,198

7.6(Industrial facilities)

50,06834.0

53,206

33.6

3,137

6.3

(Renovations)

71,748

48.7

82,10951.8

10,361

14.4(Overseas operations)

4,695

3.2

10,208

6.4

5,513

117.4

Electrical installations

25,99618.1

24,39315.7(1,603)(6.2)

Air conditioning
installations

85,92659.9

92,939

59.7

7,013

8.2

Plumbing installations

31,52522.0

38,232

24.6

6,706

21.3

Total

143,448100.0

155,565

100.0

12,116

8.4(Industrial facilities)

37,58226.2

49,234

31.6

11,651

31.0(Renovations)

77,074

53.7

73,19747.1(3,876)(5.0)(Overseas operations)

5,233

3.6

7,295

4.7

2,062

39.4

Electrical installations

14,171

11.8

15,468

12.6

1,297

9.2

Air conditioning
installations

77,15264.1

77,502

62.8

350

0.5

Plumbing installations

29,04424.1

30,365

24.6

1,321

4.5

Total

120,368

100.0

123,336

100.0

2,968

2.5

(Industrial facilities)

33,09527.5

37,067

30.1

3,972

12.0

(Renovations)

23,29319.4

32,204

26.1

8,911

38.3

(Overseas operations)

2,090

1.7

5,002

4.1

2,912

139.4

21

DAI-DAN Co., Ltd. (1980), Brief Report on the Financial Statements for the Period Ending March 2019

Divisional net sales of construction contract orders received, completed construction contracts, anduncompleted construction contracts (individual)

Net sales of uncompleted
construction contracts

Net sales of completed
construction contracts

Net sales of construction
contract orders received(Millions of yen)Previous Fiscal Year

Current Fiscal Year

(From April 1, 2017
to March 31, 2018)
Component
Amountratio %

(From April 1, 2018
to March 31, 2019)
Component
Amountratio %

Increase(decrease)

AmountRatio %

Electrical installations

22,505

15.4

25,116

16.0

2,611

11.6

Air conditioning
installations

91,21762.5

92,420

59.0

1,203

1.3

Plumbing installations

32,20822.1

39,137

25.0

6,929

21.5

Total

145,932100.0

156,675

100.0

10,743

7.4(Industrial facilities)

50,06834.3

53,206

34.0

3,137

6.3

(Renovations)

70,33348.2

80,227

51.2

9,894

14.1

(Overseas operations)

4,065

2.8

8,979

5.7

4,914

120.9

Electrical installations

25,801

18.1

23,91715.5(1,883)(7.3)

Air conditioning
installations

85,18859.8

92,123

59.9

6,934

8.1

Plumbing installations

31,38522.1

37,808

24.6

6,422

20.5

Total

142,376

100.0

153,849

100.0

11,473

8.1(Industrial facilities)

37,582

26.4

49,23432.0

11,651

31.0(Renovations)

75,99053.4

71,45846.4(4,531)(6.0)(Overseas operations)

4,802

3.4

6,296

4.1

1,494

31.1

Electrical installations

14,10611.8

15,306

12.5

1,199

8.5

Air conditioning
installations

76,90364.1

77,200

62.9

297

0.4

Plumbing installations

28,85624.1

30,185

24.6

1,329

4.6

Total

119,865

100.0

122,691

100.0

2,826

2.4

(Industrial facilities)

33,095

27.6

37,067

30.2

3,972

12.0

(Renovations)

22,79619.0

31,565

25.7

8,769

38.5

(Overseas operations)

1,826

1.5

4,508

3.7

2,682

146.9

22