Brief report on the Financial Statements for the period ending March, 2016
[Japanese Standard] (Consolidated)
May 11, 2016

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

Code No.:

1980

Listed Shares Exchanges:
Tokyo Stock Exchange 1st section
Tel. (06) 6447 - 8003

URL: http://www.daidan.co.jp/

Representative of Company: Shohei KITANO, Representative Director, President
Inquiries to be addressed to: Takayuki IKEDA, Director, Senior Executive Corporate Officer, Head of General Administration
Division
Date scheduled for ordinary shareholders general meeting convention: June 29, 2016
Date scheduled for asset securities report submission:
June 29, 2016
Date scheduled for dividend payment commencement:
June 30, 2016
Creating supplements to the financial statement:
None
Holding a briefing sessions on the financial statement:
Yes(Amounts are indicated with figures less than 1 million yen discarded)

1. Consolidated business results for the period ending March, 2016 (From April 1, 2015 to March 31, 2016)(1) Consolidated management performance
Net sales(Percentage indications show increase or decrease from the previous period.)

Operating income

Ordinary income

Profit attributable toowners of parent

Million yen%
Million yen%
Million yen%
Million yen%
Period ending March 2016
138,346
13.6
6,537
43.8
6,770
38.9
4,248
45.4
Period ending March 2015
121,780
-2.1
4,547
9.0
4,875
9.0
2,921
74.9
(Note) Comprehensive income Period ending March 2016 1,973 Million yen (-75.9%) Period ending March 2015 8,188 Million yen (169.9%)
Net income per shareafter making potential
share adjustments

Net income per share

Yen Sen
Period ending March 2016
95.26
Period ending March 2015
65.50
(Reference) Investment income or loss on equity method

Total asset vs. ordinary Net sales vs. operating
income ratio
income ratio
Yen Sen
%
%
%
―
7.9
5.7
4.7
―
5.9
4.3
3.7
Period ending March 2016 - Million yen
Period ending March 2015 - Million yen(2) Consolidated financial position

Total assets

Period ending March 2015
(Reference) Equity capital

Net assets

Million yen
122,312
113,440

Period ending March 2016

Equity capital vs.
net income ratio

Equity capital ratio

Million yen
54,58353,462

Period ending March 2016 54,379 Million yen(3) Consolidated cash flows

Cash flows from investing
activities

Million yen
611
2,427

Million yen
-493
-401

Period ending March 2015

Net assets per share
Yen Sen
1,219.41
1,193.61

Period ending March 2015 53,236 Million yen

Cash flows fromoperating activities

Period ending March 2016

%
44.5
46.9

Cash flows fromfinancing activities

Cash and equivalents at
end of period

Million yen-894-2,344

Million yen
23,53624,358

2. Dividends
Annual dividends
End of first End of second End of third Period end
quarterquarterquarter
Period ending March 2015
Period ending March 2016

Throughyear

Yen Sen――Yen Sen
8.00
9.00

Yen Sen――Yen Sen
10.00
11.00

Yen Sen
18.00
20.00

―

10.00

―

10.00

20.00

Period ending March 2017
(Forecast)

Total
Dividend Net asset vs.
dividend
trend
dividend ratio(through year) (consolidated) (consolidated)
%
27.5
21.0
22.3

Million yen
802
891

%
1.6
1.7

(Note) Breakdown of dividend at the end of the current period of March 2016: ordinary dividend 9.00 yen and special dividend 2.00 yen

3. Estimate of consolidated performance for the period ending March 2017 (From April 1, 2016 to March 31, 2017)(Percentage indications show increase or decrease from the previous period for total period andfrom the same quarter of the previous year for the 2nd quarter consolidated cumulative period.)

Net sales
2nd quarter consolidated
cumulative period

Mil. yen
60,500%-1.2

Operating income

Ordinary income

Mil. yen
2,300

Mil. yen
2,300

%
-3.5

%
-9.3

Profit attributableto owners of parent Net income per share
Mil. yen
1,400

%
-10.9

Total period
138,000
-0.3
6,500
-0.6
6,500
-4.0
4,000
-5.9
(Reference) 1. Estimated net sales of construction contract orders (the 2nd quarter consolidated cumulative period) 71,500 Million yen
2. Estimated net sales of construction contract orders (Total period)
143,000 Million yen

Yen

Sen
31.39
89.69

* 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, revision redisplay
 Changes in accounting policies due to revision of accounting standards etc.: Yes
 Changes in accounting policies other than : None
 Changes in accounting estimates: None
 Revision redisplay: None
(Note) For details, please refer to Attached Data p.14 “5. Consolidated Financial Statements, (5) Annotation Items Concerning
Consolidated Financial Statements (Changes in Accounting Policies).”(3) Number of issued shares (common stock) Number of issued shares at the end of period (including treasury stock)
Period ending March 2016 45,963,803 shares
Period ending March 2015 45,963,803 shares Number of treasury stock at the end of period
Period ending March 2016 1,368,636 shares
Period ending March 2015 1,362,322 shares Average numbers of shares in the period
Period ending March 2016 44,598,149 shares
Period ending March 2015 44,605,057 shares(Reference) Outline of individual performance
1. Individual performance during the period ending March 2016 (From April 1, 2015 to March 31, 2016)(Percentage indications show increase or decrease from the previous period.)(1) Individual management performance
Net sales
Operating income
Ordinary income
Net income
Million yen
137,072
120,572
Period ending March 2015

% Million yen
13.7
6,489
-1.9
4,515

Period ending March 2016

Net income per share
Yen
Period ending March 2016
Period ending March 2015

% Million yen
43.7
6,721
11.2
4,763

% Million yen
41.1
4,216
9.3
2,848

%
48.0
78.1

Net income per shareafter making
potential shareadjustments

Sen
94.54
63.87

Yen

Sen
―
―

(2) Individual financial condition
Total assets
Period ending March 2016
Period ending March 2015
(Reference) Equity capital

Net assets

Equity capital ratio

Million yen
Million yen
121,538
54,161110,051
51,268Period ending March 2016 54,161 million yen

Net assets per share%
Yen Sen
44.6
1,214.51
46.6
1,149.48
Period ending March 2015 51,268 million yen

2. Individual performance forecast for the period ending March 2017 (From April 1, 2016 to March 31, 2017)(Percentage indications show increase or decrease from the previous period for total period
and from the same quarter of the previous year for the 2nd quarter cumulative period.)
Net income per
Operating income Ordinary income
Net income
share

Net sales
2nd quarter consolidated
cumulative period

Mil. yen
60,000%-1.0

Mil. yen
2,300

%
-2.3

Mil. yen
2,300

%
-8.2

Mil. yen
1,400

%
-10.5

Yen

Sen
31.39

Total period

137,000
-0.1
6,500
0.2
6,500
-3.3
4,000
-5.1
89.69
(Reference) Estimated net sales of construction contract orders (the 2nd quarter consolidated cumulative period) 71,000 million yen
Estimated net sales of construction contract orders (Total period)
142,000 million yenDisplay concerning state of audit proceeding implementation
Financial statement audit proceeding in accordance with Financial Instruments and Exchange Act is under way at the timeof disclosure of this brief report.



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 foruse of the assumptions for the above forecasts and forecasts of business results, please refer to information in the section“1. Analysis Concerning Operating Results and Financial Positions (1) Analysis Concerning Operating Results” on page2.

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2015

 Contents of Information
1. Analysis Concerning Operating Results and Financial Positions .................................................................... 2(1) Analysis Concerning Operating Results ................................................................................................. 2(2) Analysis Concerning Financial Positions ............................................................................................... 2
2. State of Corporate Group .......................................................................................................................... 4
3. Management Policies ................................................................................................................................ 4(1) Basic Policy on Management ................................................................................................................ 4(2) Management Index Goal ...................................................................................................................... 4(3) Mid- and Long-Term Management Strategies and Tasks to Be Addresses .................................................. 4
4. Fundamental Philosophy for Selection of Accounting Standard ..................................................................... 5
5. Consolidated Financial Statements ............................................................................................................. 6(1) Consolidated Balance Sheets ................................................................................................................ 6(2) Consolidated Income Statements and Consolidated Statements of Comprehensive Income ......................... 8(Consolidated Income Statements) .......................................................................................................... 8(Consolidated Statements of Comprehensive Income)............................................................................... 9(3) Consolidated Statements of Changes in Net Assets ............................................................................... 10(4) Statement of Consolidated Cash Flows ................................................................................................ 12(5) Annotation Items Concerning Consolidated Financial Statements ........................................................... 14(Annotation Concerning Going Concern Premise) .................................................................................. 14(Changes in Accounting Policy) ........................................................................................................... 14(Change of the method of description) .................................................................................................. 14(Relating to Consolidated Balance Sheet) .............................................................................................. 15(Relating to Consolidated Income and Loss Statement) ........................................................................... 15(Account Statement of Changes in Consolidated Shareholder’s Equity Etc.) ............................................. 15(Relating to Consolidated Statements of Cash Flows) ............................................................................. 17(Segment Information etc.) .................................................................................................................. 18(Per-share Information) ....................................................................................................................... 18(Important Events Subsequent to Balance Sheet Date) ............................................................................ 18(On Disclosure Omission).................................................................................................................... 18
6. Individual Financial Statements ............................................................................................................... 19(1) Balance Sheets .................................................................................................................................. 19(2) Income and Loss Statements............................................................................................................... 22(3) Statements of Changes in Net Assets ................................................................................................... 23(4) Annotation Items Concerning Individual Finance Statements ................................................................. 25(Notes to Going Concern Assumption) .................................................................................................. 25(Change of the method of description) .................................................................................................. 25
7. Others ................................................................................................................................................... 25(1) Board Member Changes ..................................................................................................................... 25(2) Others .............................................................................................................................................. 27

1

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2016

1. Analysis Concerning Operating Results and Financial Positions(1) Analysis Concerning Operating Results1) Operating Results in the Current Consolidated Accounting Year
Although the U.S. economy continued to expand mainly focusing on personal consumption backed by the
improvement of employment, in Asia, in addition to the deceleration of China, the sluggish economies of
emerging countries lasted long due to such as the fall of resource prices, thereby, the world economy during
the current consolidated accounting year resulted in the continuance of stagnation as a whole. In themeantime, as to the Japanese economy, keeping a high level of corporate profits, it was expected to reveal astrength by the continuance of favorable employment environment, but it resulted in a non-transparent
situation for the future due to the proceeding of strong yen since the end of the last year and thepushing-down of corporate business sentiments by the disturbance of stock markets.
In the construction industry, though the expansion of private-sector capital investment was expected and theinvestment solidly transitioned backed by the solid corporate profits, it did not reach real recovery due to the
non-transparency of the business in the future.
Under these circumstances, as a result of our dealing with the securing of orders received and incomes basedon the “Dai-Dan to Challenge a New Era,” our mid-term management plan, we achieved the following
operating results in the current consolidated accounting year.
Net sales of construction contract orders received increased by 11,870 million yen over the previous
consolidated accounting year to 143,503 million yen.
Net sales of completed construction contracts increased by 16,566 million yen over the previous
consolidated accounting year to 138,346 million yen.
Gross profit on completed construction contracts increased by 2,150 million yen over the previous
consolidated accounting year to 16,713 million yen thanks to the increase of the net sales of completed
construction contracts and the improvement of the rate of the gross profit on completed construction
contracts.
Operating income increased by 1,989 million yen over the previous consolidated accounting year to 6,537
million yen thanks to the increase of the gross profit on completed construction contracts.
Ordinary income increased by 1,895 million yen over the previous consolidated accounting year to 6,770
million yen thanks to the increase of the operating income.
Profit attributable to owners of parent for the current consolidated accounting year increased by 1,327
million yen over the previous consolidated accounting year to 4,248 million yen as a result of posting 47
million yen of gain of reversal of provision for antimonopoly law violations as an extraordinary profit, andthen deducting income taxes-current, income-taxes deferred and loss attributable to non-controlling interests.
2) Prospects for the Next Period
In expectation of an increase in private capital investment due to improved corporate earnings, we forecast
that consolidated operating results of the next period will achieve net sales of construction contract orders
received of 143,000 million yen, net sales of completed construction contracts of 138,000 million yen,operating income of 6,500 million yen, ordinary income of 6,500 million yen, and current net income of
4,000 million yen attributable to owners of parent.
(2) Analysis Concerning Financial Positions
1) States of Assets, Liabilities and Net Assets
Total assets at the end of the current consolidated accounting year increased by 8,871 million yen from theend of the previous consolidated accounting year to 122,312 million yen.
Current assets increased by 10,872 million yen to 91,704 million yen, primarily due to increases in notes
receivable and accounts receivable from completed construction contracts (6,645 million yen) as well as anincrease of electronically recorded monetary claims (4,804 million yen).
Noncurrent assets decreased by 2,000 million yen from the end of the previous consolidated accounting year
to 30,608 million yen, primarily due to a decrease of investment securities (950 million yen) and a decreasein net defined benefit asset (1,766 million yen).
Total liabilities at the end of the current consolidated accounting year increased by 7,751 million yen fromthe end of the previous consolidated accounting year to 67,729 million yen.
Current liabilities increased by 9,121 million yen from the end of the previous consolidated accounting year
to 61,434 million yen, primarily due to increases in notes payable and accounts payable on construction(4,130 million yen), an increase in income taxes payable (632 million yen) and an increase in uncompleted
construction contracts receivable (1,294 million yen).
Noncurrent liabilities decreased by 1,369 million yen from the end of the previous consolidated accounting
year to 6,295 million yen, primarily due to a decrease in long-term loans payable (182 million yen), a
decrease in deferred tax liabilities (1,028 million yen) and a decrease in provision for environment measures
2

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2016(107 million yen).
Net assets at the end of the current consolidated accounting year increased by 1,120 million yen from theend of the previous consolidated accounting year to 54,583 million yen, primarily because an increase inretained earnings (3,401 million yen) exceeded a decrease in valuation difference on available-for-salesecurities (470 million yen) and a decrease in remesurements of defined benefit plans (1,762 million yen).
2) Status of Cash Flows
Cash and cash equivalents (hereinafter referred to as the “funds”) in the current consolidated accounting year
decreased by 822 million yen (i.e., 3.4 %) from the end of the previous consolidated accounting year to23,536 million yen. Cash flow statuses in the current consolidated accounting years and the causes are as
follows:(Cash Flows from Operating Activities)
As a result of operating activities, the funds increased by 611 million yen (2,427 million yen increase in theprevious consolidated accounting year), mainly because funds increasing factors, such as posting of income
before income taxes and minority interests, an increase in notes and accounts payable-trade and an increasein uncompleted construction contracts receivable exceeded funds decreasing factors such as an increase inaccounts receivable.
(Cash Flows from Investing Activities)
As the result of investing activities, the funds decreased by 493 million yen (401 million yen decrease in theprevious consolidated accounting year), primarily due to purchase of property, plant and equipment.
(Cash Flows from Financing Activities)
As the result of financing activities, the funds decreased by 894 million yen (2,344 million yen decrease in
the previous consolidated accounting year), mainly because repayment of short- and long-term loans payableand dividends paid exceeded proceeds from short- and long-term loans payable.
(Reference) Transition of cash flow-related indexes
Period ending
March 2012

Period ending
March 2013

Period ending
March 2014

Period ending
March 2015

Period ending
March 2016

40.8%
42.3%
41.7%
46.9%
44.5%
Equity capital ratio
Equity capital ratio at market
22.2%
21.1%
21.8%
32.2%
27.1%
value
Cash flow to interest-bearing
9.0 years
6.0 years
2.4 years
2.5 years
9.7 years
liability ratio
Interest coverage ratio
5.5 times
8.2 times
20.7 times
15.7 times
4.2 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.
* Total market-price stock values are calculated on the basis of the number of issued stocks excluding treasury stock.
* Operating cash flow uses cash flows from operating activities given in consolidated cash flow calculation sheets.
* Interest-bearing liabilities cover all interest-paying liabilities of the liabilities given in the consolidated balance sheet.
Interest payment amount given in the consolidated cash flow calculation sheets is used for interest payment.

3

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2016

2. State of Corporate Group
Disclosure is omitted because of the absence of major changes from “Business Systematic Chart (Content of
Business)” and “State of Affiliate Companies” in the latest securities report (submitted on June 26, 2015).

3. Management Policies(1) Basic Policy on Management
Our Company Group enforces the management principles of “As a building services engineering andinstallation provider, we continually take on the challenge of creating value for our clients while contributing
to the development of a better environment and stronger communities.” and provides customers withtechnologies and services, which are ahead of their needs, thus working toward upgrading the corporate value.
Furthermore, the company has an on-target grasp of changes in the industrial structure and conducts the speedy
and practical management with an eye toward becoming a vigorous company.
(2) Management Index Goal
In the mid-term management plan for 3 years starting from 2016 that was published on April 14, 2016, theCompany Group aims to achieve net sales of construction contracts orders received of 151,000 million yen, net
sales of completed construction contracts of 151,000 million yen and operating income of 7,500 million yen as
the consolidated operating results in 2018 as the last year of the plan. We also set the 5% of operating income
rate as the management index to achieve.
(3) Mid- and Long-Term Management Strategies and Tasks to Be Addresses
The Company made a mid-term management plan for 3 years from 2016 until 2018 that is called “Dai-Dan
Creating and Supplying Environments Necessary for Customers-Always with You.”The Company will welcome its 120th anniversary of its foundation in 2023. Although the current constructionindustry has been solidly transitioning backed by solid corporate profits, there are concerns for unstable world
affairs, and particularly the Japanese economy from the year of 2020 Tokyo Olympic Games and later is
non-transparent. Under these circumstances, in order to sustainably grow, the strengthening of management
ground and the expansion of business areas are important challenges.
We positioned the 3 year mid-term management plan which we made this time as the first step toward thestrengthening and innovation of company’s ground to realize long-term vision, noting 120th year anniversaryof the foundation of the Company after 7 years.
The environments required by customers differ by customers. There are the most suitable environment pursued
by each hospital, each factory and each office. We hope to continue to be a company which will realize andsupply optimal environments required by customers by the cutting-edge space control technology which wehave nourished up to now.
In the mid-term management plan, we classified what we should be in the following 4 categories, created
key-words to each of them and prepared the following strategies.
I. [Key Technology] Customers’ partner to create environments
We aim at being the partner to create the environments required for customers’ business activities.
(1) Strengthening of engineering power to the facilities which require advanced facility technology(2) Approach to the users of environments(3) Establishment of the system for developing together with cooperating companies
II. [Creation of Business] Creation of business areas making use of the technologies for light, air and water
We aim to create business areas making use of our technology to respond to the customers’ diverse needs
for environments.
(1) Creation of business making use of the features of an integrated facility builder
III. [Management Ground] Establishment of management ground which can respond to changes in the market
We aim to establish a management ground which is not susceptible to the changes of business.
(1) Organizational management which responds to social affairs and the changes in the market(2) Strengthening of capital and financial standing(3) Strengthening of practical competence(4) Response to the diversified way of working
IV. [Corporate Responsibility] Company which responds to social needs
We aim to thoroughly go in compliance with laws and continue to be a company which responds to social
needs as a corporate citizen.
(1) Continuing promotion of compliance management and the strengthening of governance(2) Promotion of social contribution activities as a corporate citizen
4

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2016

Toward the achievement of the mid-term management plan which we made this time, we will tackle eachstrategy with full force, secure orders received and incomes, and will contribute to the development of thesociety as a good corporate citizen.

4. Fundamental Philosophy for Selection of Accounting Standard
Dai-Dan group adopts Japanese accounting standards because of small business overseas and less financing
needs from overseas. Adoption of Japanese accounting standards secures comparability with other companies
in the same business in Japan.

5

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2016

5. Consolidated Financial Statements(1) Consolidated Balance Sheets(in million yen)Previous Consolidated
Accounting Year(As of March 31, 2015)

Current Consolidated
Accounting Year(As of March 31, 2016)

AssetsCurrent assets
Cash and deposits

24,38523,563

Notes receivable, accounts receivable from49,511

56,157

3,290

8,095

424

385

0

0

Deferred tax assets

1,278

1,392

Other

1,945

2,117

-5

-7

80,831

91,704

5,371

5,392

Accumulated depreciation-2,737-2,908

Buildings and structures, net

2,633

2,484

Machinery, equipment and vehicles

177

164

-132

-132

44

32

Tools, furniture and fixtures

800

808

Accumulated depreciation

-619

-650

Tools, furniture and fixtures, net

180

158

1,048

1,063

11

439

3,919

4,178

156

594

17,494

16,543

1

1

Net defined benefit assets

9,633

7,866

Other

1,595

1,612

Allowance for doubtful accounts

-190

-188

Total investments and other assets

28,53325,83632,60930,608113,440

122,312completed construction contracts and other
Electronically recorded monetary claims - operating
Costs on uncompleted construction contracts
Raw materials and supplies

Allowance for doubtful accounts
Total current assets
Noncurrent assets
Property, plant and equipment
Buildings and structures

Accumulated depreciation
Machinery, equipment and vehicles, net

LandConstruction in progress
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Deferred tax assets

Total noncurrent assets
Total assets

6

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2016

(in million yen)Previous
Consolidated Accounting Year(As of March 31, 2015)

Current Consolidated
Accounting Year(As of March 31, 2016)

Liabilities
Current liabilities
Notes payable, accounts payable for construction

37,93742,067

Short-term loans payable

4,379

4,519

Income taxes payable

990

1,622

1,500

2,794

Provision for warranties for completed construction

85

81

Provision for loss on construction contracts

480

628

Loss reserve related to antimonopoly law

390－

contracts

Advances received on uncompleted construction
contracts

－

2

Other

Provision for environment measures

6,550

9,717

Total current liabilities

52,312

61,434Long-term loans payable

1,583

1,401

Deferred tax liabilities

4,237

3,208

Net defined benefit liability

1,377

1,376

Provision for environment measures

107－

Provision for overseas investment loss

6

5

352

303

0

0

7,665

6,295

59,97867,729

Capital stock

4,479

4,479

Capital surplus

4,809

4,809

Retained earnings

36,186

39,588Treasury stock

-669

-674

44,807

48,203

Noncurrent liabilities

Long-term accounts payable
Other
Total noncurrent liabilities
Total liabilities
Net Assets
Shareholders’ equity

Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities

6,797

6,326

Foreign currency translation adjustment

39

20

Remeasurements of defined benefit plans

1,592

-169

Total accumulated other comprehensive income

8,429

6,176

Minority interests

225

203

Total net assets

53,46254,583

113,440

122,312

Total liabilities and net assets

7

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2016

(2) Consolidated Income Statements and Consolidated Statements of Comprehensive Income(Consolidated Income Statements)

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 income
Non-operating income
Interest income
Dividends income
Real estate rent
Insurance fee
Foreign exchange gain
Other
Total non-operating income
Non-operating expenses
Interest expenses
Guarantee commission
Foreign exchange losses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Income on sales of noncurrent assets
Gain on sales of investment securities
Gain on reversal of provision for environment
measures
Profit reversed from the allowance for the loss relating
to the antimonopoly law
Total extraordinary income
Extraordinary loss
Impairment loss
Loss on retirement of non-current assets
Loss on valuation of investment securities
Loss on valuation of golf club membership
Provision of loss reserve related to antimonopoly law
Total extraordinary loss
Income before income taxes and minority interests
Income taxes-current
Income taxes-deferred
Total income taxes
Net income
Profit (loss) attributable to non-controlling interests
Profit attributable to owners of parent

8

Previous Consolidated
Accounting Year
(From April 1, 2014
to March 31, 2015)
121,780
107,216
14,563
10,016
4,547(in million yen)
Current Consolidated
Accounting Year
(From April 1, 2015
to March 31, 2016)
138,346
121,632
16,713
10,176
6,537

15
209
34
105
139
3
507

13
250
34
106
－
5
410

157
6
－
14
179
4,875

144
11
11
9
177
6,770

1
－
105

2
4
－

－

47

107

54

5
105
5
0
92
210
4,771
1,796
45
1,842
2,929
7
2,921

－
1
18
2
－
22
6,802
2,405
150
2,556
4,246
-2
4,248

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2016

(Consolidated Statements of Comprehensive Income)(in million yen)Previous Consolidated
Accounting Year
(From April 1, 2014
to March 31, 2015)
2,929

Current Consolidated
Accounting Year
(From April 1, 2015
to March 31, 2016)
4,246

3,106

-470

0

-39

Remeasurements of defined benefit plans, before tax

2,151-1,762

Total other comprehensive income

5,258-2,273Comprehensive income

8,188

1,973

(Particulars)
Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

8,151

1,995

36

-22

Net income
Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment

9

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2016

(3) Consolidated Statements of Changes in Net Assets
Current consolidated accounting year (From April 1, 2014 to March 31, 2015)(in million yen)
Shareholders’ equity
Capital stock
Balance at the beginning of current
periodCapital surplus

4,479

Retained earnings

4,809

34,597

Cumulative effect of changes inaccounting policies
Restated balance

Total shareholders’equityTreasury stock-666

43,221

-618
4,479

4,809

-618

33,979-666

42,602

Changes of items during the period
Dividends from surplus

-713

-713

Profit attributable to owners ofparent

2,921

2,921

Purchase of treasury stock
Disposal of treasury stock0

Increase that results fromexclusion of subsidiaries fromconsolidation
Net changes of items other thanshareholders' equity

-4

-4

0

0

0

0

Total changes of items during theperiod

－

0

2,207

-3

2,204

Balance at the end of current period

4,479

4,809

36,186-669

44,807

Accumulated other comprehensive income
Non-controlling
Valuation
Foreign currency Remeasurements Total accumulated
interests
difference ontranslationof defined benefit other comprehensive
available-for-saleadjustment
plansincomesecurities
Balance at the beginning of current
period

3,690

68

-559

3,199

189

Cumulative effect of changes inaccounting policies
Restated balance

Total net assets

46,609
-618

3,690

68

-559

3,199

189

45,991

Changes of items during the period
Dividends from surplus-713

Profit attributable to owners ofparent2,921

Purchase of treasury stock-4

Disposal of treasury stock0

Increase that results fromexclusion of subsidiaries fromconsolidation
Net changes of items other thanshareholders' equity

0
3,106

-28

2,151

5,230

36

5,266

Total changes of items during theperiod

3,106

-28

2,151

5,230

36

7,471

Balance at the end of current period

6,797

39

1,592

8,429

225

53,46210

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2016

Current Consolidated Accounting Year (From April 1, 2015 to March 31, 2016)(in million yen)
Shareholders’ equity
Capital stock
Balance at the beginning of current
periodCapital surplus

4,479

Retained earnings

4,809

36,186

Cumulative effect of changes inaccounting policies
Restated balance

Total shareholders’equityTreasury stock-669

44,807

－
4,479

4,809

－

36,186-669

44,807

Changes of items during the period
Dividends from surplus

-847

-847

Profit attributable to owners ofparent

4,248

4,248

Purchase of treasury stock
Disposal of treasury stock－

Increase that results fromexclusion of subsidiaries fromconsolidation
Net changes of items other thanshareholders' equity

-5

-5

－

－

－

－

Total changes of items during theperiod

－

－

3,401

-5

3,395

Balance at the end of current period

4,479

4,809

39,588-674

48,203

Accumulated other comprehensive income
Non-controlling
Valuation
Foreign currency Remeasurements Total accumulated
interests
difference ontranslationof defined benefit other comprehensive
available-for-saleadjustment
plansincomesecurities
Balance at the beginning of current
period

6,797

39

1,592

8,429

225

Cumulative effect of changes inaccounting policies
Restated balance

Total net assets

53,462
－

6,797

39

1,592

8,429

225

53,462

Changes of items during the period
Dividends from surplus－847

Profit attributable to owners ofparent4,248

Purchase of treasury stock－5

Disposal of treasury stock－

Increase that results fromexclusion of subsidiaries fromconsolidation
Net changes of items other thanshareholders' equity

－
-470

-19

-1,762-2,252-22-2,275

Total changes of items during theperiod-470-19-1,762-2,252-22

1,120

Balance at the end of current period

6,326

20

－169

6,176

203

54,58311

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2016(4) Statement of Consolidated Cash Flows(in million yen)Previous Consolidated
Accounting Year
(From April 1, 2014
to March 31, 2015)

Current Consolidated
Accounting Year
(From April 1, 2015
to March 31, 2016)

Net cash provided by (used in) operating activities
4,771

6,802

345
-475
-89
-112
-225
157
-7
5
－
-1
105
5
92

284
-1
-82
-105
-263
144
-0
18
-4
-2
1
－
-47

-73

－

4,387
-271

-11,450
39

476
475
-381
-2,070-1,623

-164
4
-749
4,130
1,294

-450

2,898

－

-48

Subtotal

5,041

2,696

Interest and dividends income received
Interest expenses paid
Loss related to antimonopoly act paid

225
-154

263
-143

Income taxes (paid) refund-473-2,210-342-1,862

Net cash provided by (used in) operating activities

2,427

611

27
-27
-391
3

27
-27
-259
2

Revenue by sales of other noncurrent assets

-4
13
-2
2
-166
144

-4
13
-2
3
-269
23

Net cash provided by (used in) investing activities

-401

-493

Current net income before tax adjustments, etc.
Depreciation and amortization
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) amount of net defined benefit liability
Increase (decrease) in provision for environmental measures
Interest and dividends income
Interest expenses
Increased (decrease) in reserve for overseas investment loss
Loss (gain) on valuation of investment securities
Loss (gain) on sales of investment securities
Loss (gain) on sales of noncurrent assets
Loss on retirement of noncurrent assets
Impairment loss
Increased (decrease) in loss reserve related to antimonopoly
law
Reversal of foreign currency translation adjustment entailed
in exclusion of consolidation
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 noncurrent assets
Increase (decrease) in net defined 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 noncurrent liabilities

Net cash provided by (used in) 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
Purchase of investment securities
Proceeds from sales and redemption of investment securities
Payments of loans receivableCollection of loans receivable
Expenditures by acquiring of other noncurrent assets

12DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2016

(in million yen)Previous Consolidated
Accounting Year
(From April 1, 2014
to March 31, 2015)

Current Consolidated
Accounting Year
(From April 1, 2015
to March 31, 2016)

Net cash provided by (used in) financing activities
Increase in short-term loans payable

34,68039,010Decrease in short-term loans payable-36,170-38,710Proceeds from long-term loans payable

1,950

1,800

Repayment of long-term loans payable-2,087-2,142-4-5

Purchase of treasury stock
Proceeds from sales of treasury stock

0

－

-713

-847

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-2,344

-894

78

-45

-239

-822

Cash and cash equivalents at beginning of period
Decrease in cash and cash equivalents resulting fromexclusion of subsidiaries from consolidation
Cash and cash equivalents at end of period

24,59824,358-0－24,35823,536

Cash dividends paid

13

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2016

(5) Annotation Items Concerning Consolidated Financial Statements(Annotation Concerning Going Concern Premise)
No applicable items.
(Changes in Accounting Policy)(Adoption of accounting standard for business combination)
Accounting Standard for Business Combination (ASBJ Statement No.21 September 13, 2013, hereinafterreferred to as “Business Combination Accounting Standard”), Accounting Standard for Consolidate
Financial Statements (ASBJ Statement No.22 September 13, 2013, hereinafter referred to as “Consolidated
Accounting Standard”) and Accounting Standard for Business Divestitures (ASBJ Statement No.7
September 13, 2013, hereinafter referred to as “Business Divestitures Accounting Standard”) are applied
from the current consolidated accounting year. We have changed accounting methods to post the difference
coming from the changes of the Company’s equities in the subsidiaries which the Company continuously
controls as capital surplus and as cost for the consolidated accounting year when costs related to acquisition
occurred. In addition, as to the business combination to be executed from the beginning of the current
consolidated accounting year, we have changed a method by which the review of allocation amounts ofacquisition cost by the determination of temporary accounting disposal is reflected in the consolidated
financial statements of the consolidated accounting year to which the date of business combination belongs.
In addition, we have changed the description of the net income and changed the description from minority
interests to non-controlling interests. So as to reflect the changes of the descriptions, in the previous
consolidated accounting year, financial statements have been re-arranged.
As to the adoption of Business Combination Accounting Standard, it is in accordance with the transitional
handling set forth in Section 58-2 (4) of Business Combination Accounting Standard, Section 44-5 (4) of
Consolidated Accounting Standard and Section 57-4 (4) of Business Divestitures Accounting Standard, andapplied from the beginning of the current consolidated accounting year for future accounting years. There isno influence on profit and loss by these changes.
(Change of the method of description)(Consolidated balance sheet)
As to electronically recorded monetary claims which were described in the “notes receivable and accounts
receivable from completed construction contracts” in the current assets in the previous consolidated
accounting year, as its monetary importance in the total assets increased, the item is separately describedfrom the current consolidated accounting year.
In order to reflect the change of the description method, the financial statements in the previous
consolidated accounting year were re-arranged.
As a result, 52,802 million yen which was described in “notes receivable and accounts receivable fromcompleted construction contracts” in the current assets of the consolidated balance sheet of the previous
consolidated accounting year was re-arranged as 49,511 million yen of “notes receivable and accounts
receivable from completed construction contracts” and 3,290 million yen of “electronically recordedmonetary claims.”

14

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2016

(Relating to Consolidated Balance Sheet)
1. Mortgaged assets and secured liabilities
Mortgaged assets and secured liabilities are as follows:
Previous Consolidated Accounting Year Current Consolidated Accounting Year
(March 31, 2015)(March 31, 2016)
Investment securities

138 million yen

96 million yen

Liability corresponding to the above:
Short-term loans payable

100 million yen

75 million yen

Long-term loans payable75－

In addition to the above, the following asset is provided as mortgage for loans payable by the Company’s investmentcompanies engaged in PFI business:
Investment securities

29 million yen

29 million yen

Further, the following asset is provided as mortgage for purchase liability performance bond of consolidated
subsidiaries:
Time deposit

27 million yen

27 million yen

2. Contingent liability
Loss indemnity is given to investors to the following consolidated subsidiary on the amount of investment:
Previous Consolidated Accounting Year Current Consolidated Accounting Year
(March 31, 2015)(March 31, 2016)
DAI-DAN (THAILAND) CO., LTD.

18 million yen

16 million yen(Relating to Consolidated Income and Loss Statement)
Main items of selling expenses and general administrative expenses are as follows:
Previous consolidated accounting year Current consolidated accounting year
(From April 1, 2014 to March 31, 2015) (From April 1, 2015 to March 31, 2016)
Employee salary and allowance
4,034 million yen
4,274 million yen
Retirement benefit expenses
26-385
Correspondence and transportation expenses
827
879
Computer expense467
466
Depreciation
339
279
Provision of allowance for doubtful accounts-6-4(Account Statement of Changes in Consolidated Shareholder’s Equity Etc.)
Previous consolidated accounting year (From April 1, 2014 to March 31, 2015)
1. Items relating to the type and number of issued stocks
Beginning of the current
End of the current consolidated
Type of stock
consolidated accounting Increase Decreaseaccounting period
periodCommon stock (thousand shares)
45,963――45,96315

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2016

2. Items relating to the type and number of treasury stocks
Beginning of the current
End of the current consolidated
Type of stock
consolidated accounting Increase Decreaseaccounting period
periodCommon stock (thousand shares)
1,357
6
1
1,362
(Outline of variation causes)
Main items of increases are as follows:
Increase due to odd stock purchase demand
Main items of decreases are as follows:
Decrease due to odd stock sale demand

6 thousand shares
1 thousand shares

3. Matters pertaining to subscription rights to shares
There are no matters that come under this paragraph.
4. Items relating to dividend(1) Paid amount of dividend
Resolution

Type of stock

Ordinary general meeting ofshareholders on June 27, 2014
Board of directors on November 6,
2014

Total dividends

Dividend per share(in million yen)(in yen)Record date

Effective dateCommon stock

356

8.00

March 31, 2014

June 30, 2014

Common stock

356

8.00

September 30, 2014

December 1, 2014

(2) Of the dividends with their record date belonging to the current consolidated accounting year, thosebecoming effective in the next consolidated accounting period.
Resolution
Ordinary general meeting ofshareholders on June 26, 2015

Type of stock
Common stock

Resource for

Total dividends

Dividend per share

dividend(in million yen)(in yen)446

Surplus earnings

16

10.00

Record date

Effective date

March 31, 2015

June 29, 2015

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2016

Current consolidated accounting year (From April 1, 2015 to March 31, 2016)
1. Items relating to the type and number of issued stocks
Beginning of the current
End of the current consolidated
Type of stock
consolidated accounting Increase Decreaseaccounting period
periodCommon stock (thousand shares)
45,963――45,963
2. Items relating to the type and number of treasury stocks
Beginning of the current
End of the current consolidated
Type of stock
consolidated accounting Increase Decreaseaccounting period
periodCommon stock (thousand shares)
1,362
6
―
1,368
(Outline of variation causes)
Main items of increases are as follows:
Increase due to odd stock purchase demand
6 thousand shares
3. Matters pertaining to subscription rights to shares
There are no matters that come under this paragraph.
4. Items relating to dividend(1) Paid amount of dividend
Resolution

Type of stock

Ordinary general meeting ofshareholders on June 26, 2015
Board of directors on November 6,
2015

Total dividends

Dividend per share(in million yen)(in yen)Record date

Effective dateCommon stock

446

10.00

March 31, 2015

June 29, 2015

Common stock

401

9.00

September 30, 2015

December 1, 2015

(2) Of the dividends with their record date belonging to the current consolidated accounting year, thosebecoming effective in the next consolidated accounting period.
Resolution
Ordinary general meeting ofshareholders on June 29, 2016

Type of stock
Common stock

Resource for

Total dividends

Dividend per share

dividend(in million yen)(in yen)Surplus earnings

490

11.00

Record date

Effective date

March 31, 2016

June 30, 2016

(Relating to Consolidated Statements of Cash Flows)
The following table shows the relationship between the balance of cash and cash equivalents at the end of full-year
period and the amounts of accounts listed in the full-year consolidated balance sheet
Previous consolidated accounting year
(From April 1, 2014 to March 31, 2015)
Cash and deposits
Time deposits with time periodof more than three months
Cash and cash equivalents

24,385 million yen

Current consolidated accounting year
(From April 1, 2015 to March 31, 2016)

23,563 million yen

-27

-27

24,35823,53617

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2016

(Segment Information etc.)(Segment Information)
Previous consolidated accounting year (From April 1, 2014 to March 31, 2015)
Current consolidated accounting year (From April 1, 2015 to March 31, 2016)
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, 2014 to March 31, 2015)

Current consolidated
accounting year
(From April 1, 2015 to March 31, 2016)

1,193.61 yen
65.50 yen

1,219.41 yen
95.26 yen

Per-share net assets
Net income per share(Note) 1. Net income per share after making potential share adjustments is not mentioned because of the absenceof potential shares.
2. Net income per share is calculated on the basis of the following:
Previous consolidated accounting year

Current consolidated accounting year

(From April 1, 2014 to March 31, 2015)(From April 1, 2015 to March 31, 2016)

2,921

4,248

―

―

2,921

4,248

44,60544,598

Profit attributable to owners of parent(million yen)Amount not belonging to common stock(million yen)
Profit attributable to owners of parent
related to common stock (million yen)
Average number of common stock
shares during the period (thousand
shares)(Important Events Subsequent to Balance Sheet Date)
Not applicable(On Disclosure Omission)
Disclosure of annotations concerning real estate and consolidated comprehensive income statement such aslease transactions, tax effect accounting, financial products, securities, retirement benefit, asset retirement
obligation, lease, etc. is omitted since disclosure necessity in the brief report on the financial statements is
considered small.
No annotations exist in concerning information of the parties concerned, derivative transactions, stock options,etc. and business combination etc.

18DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2016

6. Individual Financial Statements(1) Balance Sheets(in million yen)Previous fiscal year
(As of March 31, 2015)
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
Deferred tax assets
Other
Allowance for doubtful accounts

Current fiscal year
(As of March 31, 2016)

23,5182,983
3,290
46,30622,853
2,456
8,095
53,460

418
0
16
933
1,276
989
-5

353
0
15
771
1,388
1,316
-6

79,73090,706

5,225-2,6275,246-2,792

2,597

2,454

143
-110

143
-115

33

27

15
-9

15
-10

6

4

129
-97

126
-100

32

25

765
-592

777
-623

172

154

Land
Construction in progress

1,048
11

1,063
439

Total property, plant and equipment

3,903

4,170

113
38

82
507

151

590

Total current assets
Noncurrent 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

Intangible assets
Software
Other
Total intangible assets

19

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2016

(in million yen)Previous fiscal year
(As of March 31, 2015)
Investments and other assets
Investment securities
Stocks of subsidiaries and affiliates
Long-term loans receivable from employees
Long-term loans receivable from subsidiaries andaffiliates
Guarantee deposits
Long-term insurance premiums
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 noncurrent assets
Total assets
Liabilities
Current liabilities
Notes payable-trade
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
Provision for loss related to antimonopoly law
Provision for environmental measures
Other
Total current liabilities
Noncurrent liabilities
Long-term loans payable
Deferred tax liability
Provision for retirement benefits
Provision for environmental measures
Allowance for overseas investment loss
Long-term accounts payable-other
Other
Total noncurrent liabilities
Total liabilities

20

Current fiscal year
(As of March 31, 2016)

17,428289
544

16,478
289
5
44

646
144
33

654
144
29

7,169
596
95
-187
26,26630,321110,051

7,918
597
94
-186
26,07130,831
121,538

6,355
31,312
2,400
1,979
428
2,788
990
－
1,491

7,047
34,899
2,700
1,819
1,026
3,615
1,602
643
2,755

2,617
671
84
480
390
－
2
51,992

3,688
688
81
628
－
2
2
61,201

1,583
3,476
1,264
107
6
352
0
6,791
58,783

1,401
3,283
1,181
－
5
303
0
6,175
67,376

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2016

(in million yen)Previous fiscal year
(As of March 31, 2015)

Current fiscal year
(As of March 31, 2016)

Net Assets
Shareholders’ equity
Capital stock

4,479

4,479

Capital surplus
Legal capital surplus

4,716

4,716

Other capital surplus

93

93

Total capital surplus

4,809

4,809

Retained earnings
Legal retained earnings

1,119

1,119

58

55

29,72029,720

4,952

8,324

35,85039,220-669-674

44,47147,835

Valuation difference on available-for-sale securities

6,797

6,326

Total valuation and translation adjustments

6,797

6,326

51,26854,161110,051

121,538

Other retained earnings
Reserve for advanced depreciation of noncurrent
assetsGeneral reserve
Retained earnings brought forward
Total retained earnings
Treasury stock
Total shareholders’ equity
Valuation and translation adjustments

Total net assets
Total liabilities and net assets

21

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2016(2) Income and Loss Statements(in million yen)

Net sales of completed construction contracts
Cost of sales of completed construction contracts

Previous fiscal year
(From April 1, 2014 toMarch 31, 2015)
120,572
106,188

Current fiscal year
(From April 1, 2015 toMarch 31, 2016)
137,072
120,555

Gross profit on completed construction contracts

14,384

16,517

Selling, general and administrative expenses

9,869

10,027

Operating income

4,515

6,489

11
209
34
105
63
2

10
250
34
106
－
5

427

407

157
6
－
14

144
11
10
9

179

175

4,763

6,721

1
－

0
4

－

47

105

－

107

52

5
105
5
0
92

－
1
18
2
－
22
6,751
2,383
152
2,535
4,216

Non-operating income
Interest income
Dividends income
Real estate rent
Insurance fee
Foreign exchange gain
Other
Total non-operating income
Non-operating expenses
Interest expenses
Guarantee commission
Foreign exchange gains
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of non-current assets
Gain on sales of investment securities
Profit reversed from the allowance for the loss relating
to the antimonopoly law
Gain on reversal of provision for environment
measuresTotal extraordinary income
Extraordinary loss
Impairment loss
Loss on retirement of noncurrent assets
Loss on valuation of investment securities
Loss on valuation of golf club membership
Loss reserve related to antimonopoly law
Total extraordinary losses

210

Income before income taxes

4,659

Income taxes-current
Income taxes-deferred

1,785
26

Total income taxes

1,811

Net income

2,848

22

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2016(3) Statements of Changes in Net Assets
Previous Fiscal Year (From April 1, 2014 to March 31, 2015)(in million yen)
Shareholders’ equity
Capital surplus

Retained earnings
Other retained earnings
Reserve for

Capital

Legal

Other

Total

stock

capitalcapitalcapitalsurplussurplus surpluses earnings

Legaladvancedretained depreciationofRetained
Generalreservenoncurrent

Total

earnings retainedbrought earnings
forwardassetsBalance at the beginning of current
periodCumulative effect of changes inaccounting policies
Restated balance

4,479

4,479

4,716

4,716

93

4,809

93

4,809

1,119

61

1,119

61

29,72029,7203,432

34,334

-618

-618

2,813

33,715

Changes of items during the period
Reversal of reserve disposition

3－

Dividends from surplus

-3

-713

-713

Net income

2,848

2,848

Purchase of treasury stock
Disposal of treasury stock

0

0

－

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

－

－

0

0

－

-3

－

2,138

2,135

4,479

4,716

93

4,809

1,119

58

29,7204,952

35,850Shareholders’ equity

Valuation and translation adjustments
Valuation

Treasury stock

Total shareholders’difference on

equityavailable-for-salesecurities

Balance at the beginning of current
periodCumulative effect of changes inaccounting policies
Restated balance-666

42,957

3,690

Total valuationand translation
adjustments
3,690

-618
-666

42,339Total net assets

46,648
-618

3,690

3,690

46,029Changes of items during the period
Reversal of reserve disposition－－

Dividends from surplus

-713

-713

Net income

2,848

2,848

Purchase of treasury stock

-4

-4

-4

Disposal of treasury stock

0

0

0

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

3,106

3,106

3,106

-3

2,131

3,106

3,106

5,238

-669

44,471

6,797

6,797

51,26823

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2016

Current Fiscal Year (From April 1, 2015 to March 31, 2016)(in million yen)
Shareholders’ equity
Capital surplus

Retained earnings
Other retained earnings
Reserve for

Capital

Legal

Other

Total

stock

capitalcapitalcapitalLegaladvancedretained depreciation

surplus surplus surpluses earningsofRetained

Total

Generalearnings

retainedreservebrought

earnings

noncurrent

forwardassetsBalance at the beginning of current
periodCumulative effect of changes inaccounting policies
Restated balance

4,479

4,479

4,716

4,716

93

4,809

93

4,809

1,119

58

1,119

58

29,72029,7204,952

35,850

－

－

4,952

35,850Changes of items during the period
Reversal of reserve disposition

3－

Dividends from surplus

-3

-847

-847

Net income

4,216

4,216

Purchase of treasury stock
Disposal of treasury stock

－

－

－

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

－

－

－

－

－

-3

－

3,372

3,369

4,479

4,716

93

4,809

1,119

55

29,7208,324

39,220Shareholders’ equity
Treasury stock
Balance at the beginning of current
periodCumulative effect of changes inaccounting policies
Restated balance-669

Valuation and translation adjustments

Total

Valuation difference

Total valuation

shareholders’on available-for-saleand translation

equitysecurities

adjustments

44,471

6,797

6,797

－
-669

44,471

Total net assets

51,268
－

6,797

6,797

51,268Changes of items during the period
Reversal of reserve disposition
Dividends from surplus
Net income

－

－

-847

-847

4,216

4,216

Purchase of treasury stock

-5

-5

-5

Disposal of treasury stock

－

－

－

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

-470

-470

-470

-5

3,363

-470

-470

2,892

-674

47,835

6,326

6,326

54,16124

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2016

(4) Annotation Items Concerning Individual Finance Statements(Notes to Going Concern Assumption)
None(Change of the method of description)(Balance Sheet)
As to “electronically recorded monetary claims - operating” which was described in the “Notes receivable-trade” inthe current assets in the previous accounting year, as its monetary importance in the total assets increased, the item
is separately described from the current accounting year.
In order to reflect the change of the description method, the financial statements in the previous accounting year
were re-arranged.
As a result, 6,274 million yen which was described in “Notes receivable-trade” in the current assets of the balance
sheet of the previous accounting year was re-arranged as 2,983 million yen of “Notes receivable-trade” and 3,290
million yen of “Electronically recorded monetary claims - operating”.

7. Others(1) Board Member Changes
1) Changes in Representative Directors
None2) Change in other board members
・Nominees as new director
Director, Corporate Officer, in charge of Central Japan Area, General Manager of Nagoya Branch
Tomoki Tateishi(currently, Senior Corporate Officer, incharge of Central Japan Area, General
Manager of Nagoya Branch)・Nominee as new corporate auditor
Corporate Auditor (full-time)Masaharu Takitani(currently, Corporate Auditor of OSJB
Holdings Corporation and Corporate
Auditor of Oriental Shiraishi Corporation)

Hideshi Osaki(currently, treated as Board Member,
Deputy General Manager of Kyushu
Branch, Manager of Administration
Department at Kyushu Branch)

Koji Kono(currently, Counselor, Osaka Gas Co.,Ltd.)

Corporate Auditor (full-time)

Corporate Auditor (part-time)25

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2016

Corporate Auditor (part-time)
Yoshimitsu Nishiuchi(currently, Corporate Officer, in charge ofTechnical Construction Division)(Note) Messrs. Masaharu Takitani and Koji Kono are nominees as outside corporate auditors.
・Corporate Auditor scheduled to retire
Current Corporate Auditor (full-time)
Syuichi Sakuragi

Current Corporate Auditor (full-time)
Kenjiro Ando(scheduled to be appointed as part-timeadviser of the Company)(scheduled to be appointed as part-timeadviser of the Company)

Current Corporate Auditor(part-time)
Akira Tsuchikawa(Retiring)

Hachiro Kitamura(Retiring)

Current Corporate Auditor(part-time)(Note) Messrs. Syuichi Sakuragi and Hachiro Kitamura are outside corporate auditors.
3) Scheduled Date of Appointment and Retirement
June 29, 201626

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2016

(2) Others
Divisional net sales of construction contract orders received, completed construction contracts, anduncompleted construction contracts (consolidated)(in million yen)Previous consolidated
accounting year

Current consolidated
accounting year

(From April 1, 2014
to March 31, 2015)(From April 1, 2015
to March 31, 2016)

Net sales of uncompleted
construction contracts

Net sales of completed
construction contracts

Net sales of construction contract
orders received

AmountComponent
ratio %

AmountComponent
ratio %

Difference

Amount%Electrical equipment
installations

30,23523.0

27,70019.3-2,534-8.4

Air-conditioning
installations

72,12254.8

83,88058.5

11,758

16.3

Plumbing

29,27522.2

31,922

22.2

2,647

9.0

Total

131,633

100.0

143,503

100.0

11,870

9.0(Renovations)

63,98748.6

75,81452.8

11,826

18.5(Overseas operations)

9,929

7.5

4,260

3.0

-5,669-57.1

Electrical equipment
installations

26,07621.4

30,805

22.3

4,729

18.1

Air-conditioning
installations

71,24558.577,298

55.9

6,052

8.5

Plumbing

24,45820.1

30,242

21.8

5,783

23.6

Total

121,780

100.0

138,346

100.0

16,566

13.6(Renovations)

63,38352.0

77,42156.0

14,03722.1(Overseas operations)

9,718

8.0

9,381

6.8

-336

-3.5

Electrical equipment
installations

17,53019.0

14,42514.8-3,104-17.7

Air-conditioning
installations

52,79757.0

59,379

60.8

6,581

12.5

Plumbing

22,241

24.0

23,921

24.4

1,680

7.6

Total

92,569100.0

97,727

100.0

5,157

5.6

(Renovations)

27,26829.5

25,66126.3-1,607-5.9(Overseas operations)

8,063

8.7

2,942

3.0

-5,121-63.5

27

DAI-DAN Co., Ltd. (1980) Brief report on the Financial Statements for the period ending March, 2016

Divisional net sales of construction contract orders received, completed construction contracts, anduncompleted construction contracts (individual)(in million yen)Previous fiscal year

Current fiscal year

(From April 1, 2014
to March 31, 2015)(From April 1, 2015
to March 31, 2016)

Net sales of uncompleted
construction contracts

Net sales of completed
construction contracts

Net sales of construction contract
orders received

AmountComponent
ratio %

AmountDifference

Component
ratio %

Amount%Electrical equipment
installations

29,80922.927,46519.3-2,343-7.9

Air-conditioning
installations

71,53454.9

83,33558.5

11,80016.5

Plumbing

28,98622.2

31,572

22.2

2,585

8.9

Total

130,330100.0

142,372

100.0

12,042

9.2(Renovations)

62,66648.1

74,66852.4

12,002

19.2(Overseas operations)

9,195

7.1

3,814

2.7

-5,380-58.5

Electrical equipment
installations

25,70221.3

30,475

22.2

4,773

18.6

Air-conditioning
installations

70,724

58.7

76,682

56.0

5,958

8.4

Plumbing

24,14520.0

29,914

21.8

5,768

23.9

Total

120,572100.0

137,072

100.0

16,500

13.7(Renovations)

62,16051.6

76,134

55.5

13,974

22.5(Overseas operations)

9,021

7.5

8,751

6.4

-270

-3.0

Electrical equipment
installations

17,34218.8

14,332

14.7-3,010-17.4

Air-conditioning
installations

52,596

57.1

59,248

60.8

6,652

12.6

Plumbing

22,14824.1

23,806

24.5

1,657

7.5

Total

92,086100.0

97,386

100.0

5,299

5.8

(Renovations)

26,78329.1

25,31826.0-1,465-5.5(Overseas operations)

7,716

8.4

2,779

2.9

-4,937-64.0

28