Brief Report on the Second Quarter Financial Statements for the Period Ending March 2011
[Japanese Standard] (Consolidated)
November 9, 2010
Listed Shares Exchanges:
Tokyo Stock Exchange 1st section
Osaka Stock 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

Scheduled date to file a quarterly report: November 10, 2010

Tel. : 06 - 6447 - 8003

Date scheduled for dividend payment commencement: December 1, 2010

Yes or no of preparation of quarterｌｙ settlement supplementary explanation data: No
Yes or no of holding of quarterｌｙ settlement explanation meeting: Yes(Amounts are indicated with figures less than 1 million yen discarded)

1. Consolidated business results for the second quarter of the period ending March 2010
(From April 1, 2010 to September 30, 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%

Second quarter of the period ending March 2011

46,675

-12.1

-502

―

-431

―

-531

―

Second quarter of the period ending March 2010

53,080

-16.9

696

-12.5

701

-7.4

269

33.1

Quarterly net income pershare (basic)

Quarterly net income pershare (diluted)

Yen SenYen Sen

Second quarter of the period ending March 2011-11. 89―

Second quarter of the period ending March 2010

6. 03

―

(2) Consolidated financial condition
Total assets

Net assets

Shareholders capital rate

Net assets per share

Million yen

Million yen

%

Yen

Sen

Second quarter of the period ending March 2011

86,11340,511

47.0

904.

70

Period ended March 2010

98,873

41,844

42.2

934.

29

(Reference) Equity capital Second quarter of the period ending March 2011 40,433 Million yen

Period ending March 2010 41,764 Million yen

2. Dividend status
Annual Dividends(Base date) End of second 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) 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

121,000

Operating profit% Million yen
4.1

2,500

Ordinary profit% Million yen

-17.4

2,500

(Note) Yes or no of current quarter earnings forecast revision: No(Reference) Estimated amount of work order received [full year]: 127,000 Million yen

Current net earnings per
share

Current net profit% Million yen
-19.6

1,000

%

Yen

Sen

10.0

22.

37

4. Others (For particulars refer to “Information” p.3 “Others.”)(1)Key subsidiary changes in the current quarter: None
(Note) This means yes or no of specific subsidiary changes requiring consolidation range alterationin 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)•‚ƒSecond quarter of period 45,963,803 Period ending March
ending March 2011
shares2010
Second quarter of period 1,270,946 Period ending March
ending March 2011
shares2010
Second quarter ofSecond quarter of period 44,699,140
period ending March
ending March 2011
shares2010

45,963,803
shares1,262,178
shares44,709,527
shares* Display Concerning State of Quarter Review Procedure Implementation
This quarter settlement brief statement is not subject to quarter report review procedure under the Financial Commodity
Transaction Law. Quarter report review under the Financial Commodity Transaction Law is implemented at the time of
disclosure of this quarter settlement brief statement.
* Explanation about adequate use of achievement forecasts and other noteworthy matters(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

119,000

Operating profit% Million yen
3.1

Ordinary profit% Million yen

2,500 -16.6% Million yen

2,500 -18.8(Note) Yes or no of current quarter individual earnings forecast revision: No(Reference)

Current net profit

Estimated amount of work order received [full year]: 125,000 Million yen

1,000

Current net earnings
per share%

Yen Sen

4.7

22 37

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

1. Qualitative Information on Current Quarter Consolidated Business Performance Etc.
(1) Qualitative Information on Consolidated Management Performance
Japan’s economy in the current second quarter consolidated cumulative period continued severe due to factors
including jobless rate still remaining at high levels despite recovery continuing at slow pace in general because ofincrease in export and production due to economic recovery in emerging countries etc.
In the construction industry, order taking environment continued severe due to factors including excess equipment
sensation remaining unchanged and public investment going at low pace despite equipment investment recovery
seen in some sectors because of corporate earnings pickup.
Under these circumstances, efforts were made to secure orders and profits based on the mid-term management
plan “Go Back to Starting Point to Realize Vital Daidan.” As a result, the business performance in the current
second quarter consolidated cumulative period was as given below:
Accepted-order work amount was 53,978 million yen with 5,023 million yen decrease from the same quarter
consolidated cumulative period a year ago because of the severe order taking environment.
Completed work amount was 46,675 million yen with 6,404 million yen decrease from the same quarter
consolidated cumulative period a year ago because of the effect of accepted-order work amount decrease.
Completed work gross profit was 4,415 million yen with 1,395 million yen decrease from the same quarter
consolidated cumulative period a year ago because of the completed work amount decrease etc.
As for operating profit and loss in the current second quarter consolidated cumulative period, sales and generaladministration expense was 4,917 million yen with 197 million yen decrease from the same quarter consolidated
cumulative period a year ago because of the effect of expense increase involving the information system update
implemented in the same quarter consolidated cumulative period a year ago while operating loss was 502 million
yen (vs. 696 million yen operating profit in the same quarter consolidated cumulative period a year ago) due to thecompleted work gross profit decrease.
As for ordinary profit and loss, ordinary loss was 431 million yen (vs. 701 million yen ordinary profit in the samequarter consolidated cumulative period a year ago) because of the operating loss and the recording of 99 million
yen exchange loss etc. as non-operating expense despite the recording of 149 million yen insurance premiums
receivable etc. as non-operating revenue.
As for quarter net profit and loss, quarter net loss was 531 million yen (vs. 269 million yen quarter net profit in
the same quarter consolidated cumulative period a year ago) after deduction for corporate tax, resident tax,
business tax, adjustment on corporate tax etc., and minority shareholder loss because of the generation of 406
million yen investment securities appraisal loss as special loss despite the recording as special profit of 101
million yen bad debt reserve reversal and 48 million yen investment securities sale profit.
(2) Qualitative Information on Consolidated Financial State
Gross asset at the end of the current second quarter consolidated accounting period was 86,113 million yen with
12,759 million yen decrease from the end of the last consolidated accounting year.
Floating asset was 66,914 million yen with 12,263 million yen decrease from the end of the last consolidated
accounting year. Main causes are decrease (5,013 million yen) in cash and deposits, decrease (7,258 million yen)in bills receivable and completed work accounts receivable, and so on.
Fixed asset was 19,199 million yen with 496 million yen decrease from the end of the last consolidated
accounting year. Main causes are investment securities decrease (835 million yen) etc. exceeded prepaid pension
expense increase (290 million yen) and deferred tax asset increase (93 million yen) etc.
Gross debt at the end of the current second quarter consolidated accounting period was 45,602 million yen with
11,426 million yen decrease from the end of the last consolidated accounting year.
Floating debt was 41,542 million yen with 11,467 million yen decrease from the end of the last consolidated
accounting year. Main causes are decrease (10,918 million yen) in bills payable and work accounts payable anddecrease (741 million yen) etc. in corporate tax etc. payable exceeded increase (997 million yen) etc. inin-completed work accounts receivable.
Fixed debt was 4,060 million yen with 40 million yen increase from the end of the last consolidated accounting
year. Main causes are increase (588 million yen) in long-term accounts payable and increase (134 million yen) in
long-term loans payable exceeded retirement benefits reserve decrease (72 million yen) and officer retirement
bonus reserve decrease (610 million yen).
Net asset at the end of the current second quarter consolidated accounting period was 40,511 million yen with
1,333 million yen decrease from the end of the last consolidated accounting year. Main causes are decrease (889
million yen) in earned surplus due to surplus dividend (357 million yen), quarter net loss recording (531 millionyen), etc. and other securities estimate variance decrease (431 million yen) etc.
As a consequence, capital-asset ratio was 47.0% with 4.8 points increase from the end of the last consolidated
accounting year.
-2-

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

State of Cash Flows
Cash and cash equivalent (“fund”) in the current second quarter consolidated cumulative period was 24,922
million yen with 5,013 million yen decrease from the end of the last consolidated accounting year due todecreases in cash flows in business activity, investment activity, and financial activity.
State of respective cash flows and their causes in the current second quarter consolidated cumulative period are as
given below:(Cash flow from business activity)
Fund decrease resulting from business activity was 4,239 million yen (vs. 75 million yen fund decrease in thesame quarter consolidated cumulative period a year ago). Main causes are fund decreasing factors such aspurchase liability decrease exceeded fund increasing factors such as sales credit decrease.
(Cash flow from investment activity)
Fund expenditure resulting from investment activity was 441 million yen (vs. 584 million yen fund expenditure in
the same quarter consolidated cumulative period a year ago). Main causes are expenditure for investment
securities acquisition, other expenditure (for software acquisition), etc.
(Cash flow from financial activity)
Fund decrease resulting from financial activity was 286 million yen (vs. 2,108 million yen fund decrease in thesame quarter consolidated cumulative period a year ago). Main causes are dividend payment etc.
(3) Qualitative Information on Consolidated Business Performance Forecast)Concerning accepted-order work amount, completed work amount and operating profit, the whole-period businessperformance forecast announced on May 13, 2010 remains unchanged.
Concerning ordinary profit and current period net profit, the whole-period business performance forecast
announced on the said date is kept unchanged for the present moment despite the recording of 99 million yen
exchange loss and 406 million yen investment securities appraisal loss in the current second quarter consolidated
cumulative period.
Revision of business performance forecast including other factors, if determined necessary, shall be notified
promptly.

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 Second 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 Second Quarter
Previous Consolidated
Consolidated Accounting Period
Accounting Year
(September 30, 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-

24,94929,96338,43945,697

100
732
0
1,752
1,001
-62
66,914

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

3,408
794

3,465
754

6,742
1,430
5,053
3,266
-1,49614,997
19,19986,113

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

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

(in million yen)
Condensed Consolidated Balance
Sheet Pertaining to End of
End of Current Second Quarter
Consolidated Accounting Period Previous Consolidated Accounting(September 30, 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-5-25,724
6,871
58
2,907
1,094
40
101
690
2
4,051
41,54236,643
6,932
799
1,910
−
−
42
825
11
5,844
53,009

1,648
1,602
−
220
588
0
4,060
45,602

1,513
1,675
610
220
−
0
4,019
57,0284,479
4,809
31,689-622
40,355

4,479
4,810
32,578-619
41,24857
20
77
77
40,511

488
26
515
80
41,844

86,11398,873

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

(2)Quarterly Consolidated Profit and Loss Statement(Second 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 retirement of fixed assets
Evaluation loss on investments in securities
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 Second Quarter
Consolidated Cumulative Period(From April 1, 2009 to
September 30, 2009)
53,08047,269
5,810
5,114
696

(in million yen)
Current Second Quarter
Consolidated Cumulative Period(From April 1, 2010 to
September 30, 2010)
46,67542,260
4,415
4,917
-502

13
83
15
25
137

12
82
149
20
265

80
11
40
0
132
701

82
3
99
8
194
-431

0
−
55
55

1
48
101
151

−
7
−
7

0
0
406
407

749

-686

50
429
479

53
-207
-153

−

-532

0
269

-1
-531

-6-

DAI-DAN Co., Ltd. (1980), Brief Report on the Second Quarter Financial Statements for the Period Ending March 2011(3) Quarterly Consolidated Statement of Cash Flows(in million yen)
Current Second Quarter
Previous Second Quarter
Consolidated Cumulative Period Consolidated Cumulative Period(From April 1, 2009 to(From April 1, 2010 to
September 30, 2009)
September 30, 2010)
Cash flow on sales activities
Quarterly net income or net loss (-) before income taxes andother adjustment
Depression expenses

749

-686

165

219

-44

-101

38

−

−

-43

-96
80

-95
82

−

406

−

-48

-0

-1

7

0

8,099

7,345

-674

-268

-73

450

-7,249-10,918

584

997

-816

-777

−

-50

Sub-total

768-3,489Received amount of interests and dividends

96
-73
-866
-75

95
-83
-761
-4,239

-50
50
-185
1
-4
2
-1
28
-458
31
-584

-50
50
-59
3
-403
150
−
6
-160
21
-441

Increased or decreased amount of allowance for bad debts (“-”
represents decrease.)
Increased or decreased in reserves for retirement benefits anddirectors’ 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 retirement of fixed assets
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.)
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.)

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
Expenditures by loans
Revenue from loans receivable
Other payments
Other revenues
Cash flow on investment activities-7-

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

Previous Second Quarter
Consolidated Cumulative Period(From April 1, 2009 to
September 30, 2009)(in million yen)
Current Second Quarter
Consolidated Cumulative Period(From April 1, 2010 to
September 30, 2010)

10,720-11,920700-1,113-3
0-491-2,10821,420-21,470
1,200-1,075
-4
1
-357
-286

-19

-46

-2,787-5,01328,65329,93625,86624,922

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
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 Second 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
Major factor causing a decrease in retained earnings is that dividend amounting to 357 million yen was paid fromretained earnings in June 2010(6)Other Information
Divisional amount of work orders received, completed works, and works carried over (consolidated)(in million yen)Previous Second Quarter
Consolidated Cumulative
PeriodCurrent Second Quarter
Consolidated Cumulative
PeriodPrevious consolidated
accounting year

(From April 1, 2009
to September 30, 2009)(From April 1, 2010
to September 30, 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

10,457

17.7

8,686

16.1

21,45018.6

Air-conditioning work

38,31264.9

33,62062.3

72,22062.5

Plumbing/sanitation

10,232

17.4

11,672

21.6

21,850

18.9

Total

59,002100.0

53,978100.0

115,521100.0（Renewal work）

24,87442.2

26,66849.4

50,554

43.8（Overseas work）

2,151

3.7

1,623

3.0

7,161

6.2

Electrical work

9,695

18.3

9,222

19.8

21,45018.4

Air-conditioning work

30,68957.7

27,222

58.3

67,057

57.7

Plumbing/sanitation

12,74524.0

10,23021.9

27,767

23.9

Total

53,080100.0

46,675100.0

116,275

100.0（Renewal work）

20,99439.6

20,80044.6

50,32943.3（Overseas work）

2,130

4.0

1,845

4.0

3,834

3.3

Electrical work

10,384

11.6

9,086

10.1

9,622

11.6

Air-conditioning work

58,82565.5

62,71369.3

56,315

67.8

Plumbing/sanitation

20,521

22.9

18,558

20.6

17,117

20.6

Total

89,731

100.0

90,358100.0

83,055100.0（Renewal work）

19,80922.1

22,021

24.4

16,153

19.5（Overseas work）

1,620

1.8

4,705

5.2

4,927

5.9

-9-