Brief Report on the Third Quarter Financial Statements for the Period Ending March 2011
[Japanese Standard] (Consolidated)
February 9, 2011
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 : Setsu SUGAYA, Representative Director, Chairman and President
Inquiries to be addressed to: Yoshimitsu NISHIUCHI, Director, Senior Executive Corporate Officer, Head of General Administration Division

Tel. : 06 - 6447 - 8003

Scheduled date to file a quarterly report: February 10, 2011
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(Figures less than 1 million yen are rounded down)

1. Consolidated business results for the third quarter of the period ending March 2010
(From April 1, 2010 to December 31, 2010)(1) Consolidated management performance(Cumulative total)(Percentage figures represent increase or decrease from the same quarter period of the previous accounting year.)
Sales amountOperating profit

Million yen

Ordinary profit% Million yen

Quarterly net income% Million yen% Million yen%

Third quarter of the period ending March 2011

71,836

-9.3

-407

―

-353

―

-402

―

Third quarter of the period ending March 2010

79,174

-20.8

1,304

-45.8

1,345

-31.7

476

15.0

Quarterly net income pershare (basic)

Quarterly net income pershare (diluted)

Yen SenYen SenThird quarter of the period ending March 2011

-9. 00―Third quarter of the period ending March 2010

10. 66―(2) Consolidated financial condition
Total assets

Net assets

Equity capital ratio

Net assets per share

Million yen

Million yen%

Third quarter of the period ending March 2011

86,01140,478

47.0

904.

29

Period ending March 2010

98,873

41,844

42.2

934.

29

(Reference) Equity capital Third quarter of the period ending March 2011 40,407 Million yen

Yen Sen

Period ending March 2010 41,764 Million yen

2. Dividend status
Annual Dividends(Base date)

End of first quarterEnd of second quarterEnd of third quarter

Yen SenYen SenYen Sen

Period ending March 2010

―

8.

00

Period ending March 2011

―

8.

00

Period ending March 2011
(Forecast)

Period end

Through year

Yen SenYen Sen―

8.

00

16. 00―

8.

00

16. 00(Note) Yos or no of revision of the estimated dividend in the current quarter: No

3. Estimate of consolidated performance for the period ending March 2011 (From April 1, 2010 to March 31, 2011)(Percentage figures represent increase or decrease from the previous accounting year.)
Sales amountMillion yen
Full year

109,000

Operating profit% Million yen
-6.3

1,000

Ordinary profit% Million yen

-67.0

1,000

(Note) Yes or no of current quarter earnings forecast revision: Yes(Reference) Estimated amount of work order received [full year]: 116,000 Million yen

Current net earnings per
share

Current net profit% Million yen
-67.8

300

%

Yen

Sen

-67.0

6.

71

4. Others (For particulars refer to “Information” p.3 “Others.”)(1) Key subsidiary changes in the current quarter: No(Note) This means yes or no of specific subsidiary changes requiring consolidation range
alteration in the current quarter accounting period.
(2) Application of convenient accounting procedure and particular accounting procedure: Yes(Note) This means yes or no of application of convenient accounting procedure and accounting
procedure particular to quarter consolidated financial statements preparation.
(3) Changes in accounting principles, procedures, and disclosures• Changes due to revisions of accounting standards: Yes‚ Changes due to other reasons: No(Note) This means yes or no of changes in accounting procedure principle, proceeding, display
method, etc. pertaining to quarter consolidated financial statements preparation given in“Changes in Key Matters Etc. Basic to Quarter Consolidated Financial Statements
Preparation.”(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 March 2011 45,963,803 shares

Period ending March 2010

45,963,803 shares

Third quarter of period ending March 2011

Period ending March 2010

1,262,178 shares

1,279,121 shares

Third quarter of period ending March 2011 44,696,177 shares Third quarter of period ending March 2010 44,707,939 shares* Display Concerning State of Quarter Review Procedure Implementation
This quarter settlement brief statement is not subject to quarter report review procedure under the Exchange Act. Quarter
report review under the Financial Instruments and is implemented at the time of disclosure of this quarter settlement brief
statement.
* Explanation about adequate use of achievement forecasts and other noteworthy matters(Note on Future-Related Descriptions Etc. )The above forecasts are based on information available at the time of preparation of this document, and contain theuncertainties of future operations. Consequently, actual results differ materially from forecasts above due to changes inbusiness results. For precautions for use of the assumptions for the above forecasts and forecasts of business results, pleaserefer to information in the section “1. Qualitative Information on Current Quarter Consolidated Business Performance, Etc.
(3). Qualitative Information on Consolidated Earnings Forecast” on page 3.

(Reference) Estimate of individual performance

Estimate of individual performance for the period ending March 2011 (From April 1, 2010 to March 31, 2011)(Percentage figures represent increase or decrease from the previous accounting year.)

Sales amountMillion yen
Full year

108,000

Operating profit% Million yen-6.4

Ordinary profit% Million yen

1,000 -66.6% Million yen

1,000 -67.5(Note) Yes or no of current quarter individual forecast figures revision: Yes(Reference)

Current net profit

Estimated amount of work order received [full year]: 115,000 Million yen

Current net earnings
per share%

Yen Sen300 -68.6

6. 71

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2011

• Contents of Information
1. Qualitative Information on Current Quarter Consolidated Business Performance Etc ................. 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. Others................................................................................................................................ 3(1) Changes in significant subsidiaries during the current period ................................................................... 3(2) Outline of the simplified accounting procedures and accounting procedures specific to preparation of quarterly
consolidated financial statements .......................................................................................................... 3(3) Outline of Changes in Accounting Procedure Principle, Proceeding, Display Method, Etc ........................... 3

3. Quarterly Consolidated Financial Statements......................................................................... 4(1) Quarterly Consolidated Balance Sheet ................................................................................................... 4(2) Quarterly Consolidated Profit and Loss Statement .................................................................................. 6(3) Quarterly Consolidated Statement of Cash Flows ................................................................................... 7(4) Notes to Going Concern Assumption..................................................................................................... 9(5) Notes in Case of Significant Changes in the Amount of Shareholders’ Equity........................................... 9(6) Other Information ................................................................................................................................ 9-1-

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2011

1. Qualitative Information about Current Quarter Consolidated Business Performance Etc.
(1) Qualitative Information about Consolidated Management Results
Japan’s economy in the current 3rd quarter consolidated cumulative period remained stagnant because of the senseof uncertain prospects, unemployment rates staying at high levels, surprisingly strong yen, and the end of
economic stimulus measures despite a mild recovery following export and production pickup thanks to demand in
emerging countries.
In the construction industry, order acceptance environment was severe for reasons including the persistent senseof equipment excess and slack public sector investment despite slight increase seen in private sector equipment
investment.
Under these circumstances, efforts were made to secure orders and profits under the mid-term management plan
“Return to the Starting Point to Realize Dynamic Daidan.” As a result, business performance in the current 3rdquarter consolidated cumulative period was as follows:
Because of severe order acceptance environment, accepted order work amount was 77,373 million yen down
8,804 million yen from the same quarter consolidated cumulative period a year ago.
Because of accepted order work amount decrease etc., finished work amount was 71,836 million yen down 7,338
million yen from the same quarter consolidated cumulative period a year ago.
Because of finished work amount decrease etc., finished work gross profit was 6,707 million yen down 2,116
million yen from the same quarter consolidated cumulative period a year ago.
Because of finished work gross profit decrease, operating loss was 407 million yen (vs. 1,304 million yen
operating profit in the same quarter consolidated cumulative period a year ago) though marketing and generaladministration expenses were 7,114 million yen down 405 million yen from the same quarter consolidated
cumulative period a year ago due to factors including increase in these expenses due to information system
renewal in the same quarter consolidated cumulative period a year ago.
Because of operating loss and posting of 122 million yen exchange loss etc. as non-operating expense, ordinary
loss was 353 million yen (vs. 1,345 million yen ordinary profit in the same quarter consolidated cumulative
period a year ago) despite posting of 151 million yen insurance premiums receivable etc. as non-operating
revenue.
Quarter net loss was 402 million yen (vs. 476 million yen quarter net profit in the same quarter consolidated
cumulative period a year ago) because of occurrence as special loss of 102 million yen investment securities
appraisal loss and deduction of corporate tax, resident tax, business tax, corporate tax etc. adjustment andminority shareholder loss despite posting as special profit of 48 million yen investment securities sales profit and
178 million yen bad debt reserve reversal.
(2) Qualitative Information about Consolidated Financial State
Gross assets at the end of the current 3rd quarter consolidated accounting period were 86,011 million yen down
12,862 million yen from the end of the preceding consolidated accounting year.
Floating assets were 66,314 million yen down 12,863 million yen from the end of the preceding consolidated
accounting year. Main causes are decrease (7,813 million yen) in cash and deposits, decrease (5,845 million yen)in bills receivable and finished work accounts receivable, etc.
Fixed assets were 19,696 million yen up 1 million yen from the end of the preceding consolidated accounting
year. Main causes are intangible fixed asset increase (11 million yen), deferred tax asset increase (14 million yen),
prepaid pension expense increase (430 million yen), etc. exceeding tangible fixed asset decrease (51 million yen),investment securities decrease (183 million yen), etc.
Total debt at the end of the current 3rd quarter consolidated accounting period was 45,533 million yen down
11,495 million yen from the end of the preceding consolidated accounting year.
Floating debt was 41,272 million yen down 11,736 million yen from the end of the preceding consolidated
accounting year. Main causes are decrease (9,950 million yen) in bills payable and work accounts payable,
decrease (445 million yen) in short-term loans payable, decrease (799 million yen) in corporate tax payable, etc.
exceeding increase (892 million yen) in unfinished work accounts received, etc.
Fixed debt was 4,260 million yen up 240 million yen from the end of the preceding consolidated accounting year.
Main causes are increase (363 million yen) in long-term loans payable and increase (588 million yen) in
long-term accounts payable exceeding decrease (100 million yen) in retirement benefit reserve and decrease (610
million yen) in board member retirement bonus reserve.
Net assets at the end of the current 3rd quarter consolidated accounting period were 40,478 million yen down
1,366 million yen from the end of the preceding consolidated accounting year. Main causes are surplus dividends(715 million yen), quarter net loss posting (402 million yen), other securities appraisal variance decrease (226
million yen), etc.
As a result, equity capital ratio is 47.0% up 4.8 points from the end of the preceding consolidated accounting
year.
-2-

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2011

State of Cash Flows
Because of decrease in cash flows from business activities, investment activities and financial activities, cash andcash equivalents (“fund”) in the current 3rd quarter consolidated cumulative period was 22,122 million yen down
7,813 million yen from the end of the preceding consolidated accounting year.
State of respective cash flows and causes in the current 3rd quarter consolidated cumulative period are as follows:(Cash Flow from Business Activities)
Fund decrease due to business activities was 6,618 million yen (vs. 2,054 million yen fund decrease in the samequarter consolidated cumulative period a year ago). Main causes are fund decreasing factors like purchaseliability decrease exceeding fund increasing factors like sales credit decrease.
(Cash Flow from Investment Activities)
Fund expenditure due to investment activities was 333 million yen (vs. 597 million yen fund expenditure in thesame quarter consolidated cumulative period a year ago). Main causes are expenditure for acquisition of tangible
fixed assets and investment securities exceeding revenue from investment securities sale and redemption.
(Cash Flow from Financial Activities)
Fund decrease due to financial activities was 804 million yen (vs. 2,535 million yen fund decrease in the samequarter consolidated cumulative period a year ago). Main causes are dividend payments etc.
(3) Qualitative Information about Consolidated Business Performance Forecast
See “Notice on Business Performance Forecast Amendment” published today for March 2011 period businessperformance forecast amendment and contents.

2. Others(1) Changes in significant subsidiaries during the current periodNone(2) Outline of the simplified accounting procedures and accounting procedures specific to preparation of quarterly
consolidated financial statements
1. Simplified accounting procedures
Method for computing income taxes, deferred tax assets, and deferred tax liabilities
As for the collectability of deferred tax assets, since we recognize that there is no significant change inbusiness environment and temporary difference generation status, we adopt the forecasts of future businessresults and the tax planning used for the account settlement of the previous consolidated accounting year.
2. Accounting procedures specific to preparation of quarterly consolidated financial statements
None(3) Outline of Changes in Accounting Procedure Principle, Proceeding, Display Method, Etc.
Changes in Matters Concerning Accounting Procedure Standard“Accounting Standard Concerning Asset Elimination Debts” (Corporate Accounting Standard No.18 of March 31,2008) and “Accounting Standard Application Guideline Concerning Asset Elimination Debts” (Corporate
Accounting Standard Application Guideline No.21 of March 31, 2008) are applied effective from the current firstquarter consolidated accounting period.
No adverse effect arises from the application.

-3-

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2011

3. Quarterly Consolidated Financial Statements(1)Quarterly Consolidated Balance Sheet(in million yen)
Condensed Consolidated Balance
Sheet Pertaining to End of
End of Current Third Quarter
Previous Consolidated
Consolidated Accounting Period
Accounting Year
(December 31, 2010)(March 31, 2010)
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 reserves
OthersAllowance for bad debts
Total current assets
Fixed assets
Tangible fixed assets
Intangible fixed assets
Investments and other assets
Investment securities
Deferred tax assets
Prepaid pension costs
OthersAllowance for bad debts
Total investments and other assets
Total fixed assets
Total assets-4-

22,14929,96339,852

45,697

100
814
0
1,377
2,092
-73
66,314

100
464
0
1,339
1,686
-75
79,177

3,414
765

3,465
754

7,395
1,351
5,194
2,985
-1,40915,516
19,69686,011

7,578
1,337
4,763
3,382
-1,585
15,475
19,69598,873

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2011

(in million yen)
Condensed Consolidated Balance
Sheet Pertaining to End of
End of Current Third Quarter
Consolidated Accounting Period Previous Consolidated Accounting(December 31, 2010)
Year(March 31, 2010)
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
Reserves for overseas investment loss
OthersTotal current liabilities
Fixed liabilities
Long-term loans payable
Reserves for retirement benefits
Reserves for directors’ retirement benefits
Reserves for environmental measureLong-term accounts payable
OthersTotal fixed liabilities
Total liabilities
Net Assets
Shareholders’ equity
Capital stock
Capital surplus
Earned surplus
Treasury stock
Total shareholders’ equity
Evaluation / Currency translation difference, etc.
Evaluation difference of other securities
Currency translation adjustment accountTotal evaluation /translation difference, etc.
Minority interest equity
Total net assets
Total liabilities and net assets-5-26,692
6,486
−
2,802
420
26
103
726
−
4,014
41,27236,643
6,932
799
1,910
−
−
42
825
11
5,844
53,009

1,877
1,574
−
220
588
0
4,260
45,533

1,513
1,675
610
220
−
0
4,019
57,0284,479
4,809
31,460-626
40,1244,479
4,810
32,578-619
41,248

262
21
283
70
40,478

488
26
515
80
41,84486,011

98,873

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2011

(2)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 or operating loss (-)
Non-operating income
Interests received
Dividends received
Insurance claim received
OthersTotal non-operating income
Non-operating expenses
Interest payable
Payment guarantee charge
Loss on foreign exchange
OthersTotal non-operating expenses
Ordinary profit or ordinary loss (-)
Special profits
Gain on sales of fixed assets
Profit on sales of investment securities
Profit gained by returning allowance for bad debts
Total extraordinary income
Special losses
Loss on sales of fixed assets
Loss on disposal of fixed assets
Evaluation loss on investments in securities
Equity change loss
Total extraordinary loss
Quarterly net income or net loss (-) before income
taxes and other adjustment
Corporate tax, residence tax and business tax
Adjustment amounts such as for corporate taxes
Total corporate tax, etc.
Quarterly net loss before adjustment of profit and lossof minority interests (-)
Profit or loss of minority interests (-)
Quarterly net profit or net loss (-)

Previous Third Quarter
Consolidated Cumulative Period(From April 1, 2009 to
December 31, 2009)
79,17470,350
8,824
7,520
1,304

(in million yen)
Current Third Quarter
Consolidated Cumulative Period(From April 1, 2010 to
December 31, 2010)
71,836
65,129
6,707
7,114
-407

23
111
15
35
186

17
119
151
31
318

118
14
11
0
145
1,345

122
7
122
12
264
-353

0
−
96
96

1
48
178
228

−
7
57
54
119

0
0
102
−
102

1,323

-226

69
777
846

80
104
185

−

-412

0
476

-9
-402

-6-

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2011(3) Quarterly Consolidated Statement of Cash Flows(in million yen)
Current Third Quarter
Previous Third Quarter
Consolidated Cumulative Period Consolidated Cumulative Period(From April 1, 2009 to(From April 1, 2010 to
December 31, 2009)
December 31, 2010)
Cash flow on sales activities
Quarterly net income or net loss (-) before income taxes
and other adjustment
Depression expenses
Increased or decreased amount of allowance for bad debts(“-” represents decrease.)
Increased or decreased in reserves for retirement benefits
and directors’ retirement benefits(“-” represents decrease.)
Increased or decreased in reserves for retirement benefits(“-” represents decrease.)
Interest and dividends received
Interest paid
Profit or loss on appraisal of investments in securities (“-”
represents profit.)
Profit or loss on sales of fixed assets (“−” represents
profit.)Profit or loss on sales of investment securities(“-” represents profit.)
Loss on disposal of fixed assets
Equity change profit and loss (“−” represents profit.)
Increased or decreased amount of sales credit(“-” represents increase.)
Increased or decreased amount of incomplete work
expenditures (“-” represents increase.)
Increased or decreased in other current assets(“-” represents increase.)
Increase or decrease in other fixed assets (“-” represents
increase.)
Increased or decreased amount of procurement credits (“-”
represents decrease.)
Increased or decreased amount of incomplete work
received amount (“-” represents decrease.)
Increased or decreased in other current liabilities(“-” represents decrease.)
Increased or decreased in other fixed liabilities(“-” represents decrease.)
Sub-total
Received amount of interests and dividends
Paid interest amountPaid amount of corporate tax, etc.
Cash flow on sales activities
Cash flow on investment activities
Expenditures by acquiring of securities
Revenue by sales or redemption of securities
Expenditures by acquiring of tangible fixed assets
Revenue by sales of tangible fixed assets
Expenditures by acquiring of investment securities
Revenue by sales or redemption of investment securities
Revenue by sales of affiliated companys’ shares
Expenditures by loans
Revenue from loans receivable
Other payments
Other revenues
Cash flow on investment activities

-7-

1,323

-226

276

329

-113

-178

54

−

−

-71

-135
118

-136
122

57

102

−

-48

-0

-1

7
54

0
−

7,601

6,019

-1,280-349-1,525

233

−

-412

-6,977-9,950

760

892

-889

-1,451

−

-50

-667
134
-105
-1,415-2,054-5,178136-121-1,455-6,618

-50
50
-190
1
-5
2
22
-21
31
-479
40
-597

-49
49
-123
3
-404
150
−
−
7
-198
231
-333

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2011

Previous Third Quarter
Consolidated Cumulative Period(From April 1, 2009 to
December 31, 2009)(in million yen)
Current Third Quarter
Consolidated Cumulative Period(From April 1, 2010 to
December 31, 2010)

14,630-15,630950-1,642-5
0
11-849-2,53527,430-27,880
1,950-1,582
-8
1
−
-715
-804

31

-57

-5,156-7,81328,65329,93623,49622,122

Cash flow on financial activities
Revenue by short-term loans
Expenditures by repayment of short-term loans
Revenue by long-term loans
Expenditures by repayment of long-term loans
Expenditures by acquiring of treasury stock
Revenue by sales of treasury stock
Revenue from payments by minority shareholders
Paid amount of dividends
Cash flow on financial activities
Translation difference relating to cash and cash
equivalents
Increased or decreased amount of cash and cash
equivalents (“-” represents decrease.)
Balance of cash and cash equivalents at the beginningof period
Balance of cash and cash equivalents at the end of thequarterly period-8-

DAI-DAN Co., Ltd. (1980), Brief Report on the Third Quarter Financial Statements for the Period Ending March 2011

(4) Notes to Going Concern Assumption
None(5) Notes in Case of Significant Changes in the Amount of Shareholders’ Equity
Main causes of earned surplus decrease are earned surplus dividends of 357 million yen each in June andDecember 2010.
(6) Other 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, 2009
to December 31, 2009)(From April 1, 2010
to December 31, 2010)(From April 1, 2009 to
March 31, 2010)

Amount of works carriedoverAmount of completed
works

Amount of work orders
received

AmountComponent
ratio %

AmountComponent
ratio %

AmountComponent
ratio %

Electrical work

16,83019.5

13,53317.5

21,45018.6

Air-conditioning work

54,252

63.0

46,922

60.6

72,22062.5

Plumbing/sanitation

15,09517.5

16,91721.9

21,850

18.9

Total

86,178100.0

77,373100.0

115,521100.0（Renewal work）

37,992

44.1

39,24250.7

50,554

43.8（Overseas work）

6,619

7.7

2,052

2.7

7,161

6.2

Electrical work

14,21618.0

13,41818.7

21,45018.4

Air-conditioning work

45,48557.5

42,883

59.7

67,057

57.7

Plumbing/sanitation

19,472

24.5

15,534

21.6

27,767

23.9

Total

79,174100.0

71,836100.0

116,275

100.0（Renewal work）

32,34540.9

32,88045.8

50,32943.3（Overseas work）

2,817

3.6

3,436

4.8

3,834

3.3

Electrical work

12,236

13.5

9,737

11.0

9,622

11.6

Air-conditioning work

59,91965.960,35468.1

56,315

67.8

Plumbing/sanitation

18,657

20.6

18,50020.9

17,117

20.6

Total

90,813100.0

88,592

100.0

83,055100.0（Renewal work）

21,57523.8

22,42025.3

16,153

19.5（Overseas work）

5,401

6.0

3,543

4.0

4,927

5.9

-9-